Tag: Tips & Talk

What is Elliott Wave Theory and Why Should I Be Interested

Posted on by The INO.com Team

Today we've asked Kenny Mann of Traders day Trading to share his ideas on Elliot Wave Theory and why you should be interested as an investor.

Elliott wave theory suggests that stock market prices tend to ebb and flow in recurring wave like patterns that can enable us to identify high probability trading opportunities. The knowledge gained from recognizing where the market is within one of the wave patterns, can help us to stay in a trade longer so as to maximize profits, whilst also ensuring that we know when to get out, if the market should turn against us.

What is Elliott Wave Theory?

For most people with even a passing interest in stock markets and trading, the name Elliott is usually a very familiar one. Ralph Nelson Elliott was a well respected accountant who through ill health, had a lot of free time on his hands and spent much of it studying the stock market. It was the 1930’s and a particularly interesting time in the markets. Continue reading "What is Elliott Wave Theory and Why Should I Be Interested" →

The Dangers Of Backtesting Your Trading System

Posted on by The INO.com Team

Today we've invited Hugh of TradingHeros.com to talk a little bit about the dangers of backtesting.

Hugh loves to surf, drinks butter with his coffee, is almost the same height as Jeremy Lin and aspires to be a Professional Forex Trader.  He logs his trades, interviews professional traders, does trading software tutorials and analyzes his backtesting results on his Forex trading blog .

You have finally done it! After a 36 hour marathon backtesting session, 15 pots of coffee and some smelling salts, you finally have the vital stats on your new discretionary technical trading system called the GekkoSmasher 3. And the results look very promising... Continue reading "The Dangers Of Backtesting Your Trading System" →

Has Unemployment Started a Long Term Trend?

Posted on by The INO.com Team

Stocks are on the rise today due to a better than expected report on February hiring from the Jobs Report. We talk a lot about trading with trend here at MarketClub and it seems that the unemployment rate has established a trend. However it doesn't appear to be trending up or down, but rather sideways. The unemployment rate has remained virtually unchanged for the last three months. So we want to know....

What's ahead for the unemployment rate?

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As always we would love to hear your opinion on the matter. Please leave a comment below.

Every Success,

The MarketClub Team

Candlesticks - Using the Doji

Posted on by The INO.com Team

If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple. If you like this article, Larry’s also agreed to give you free access to his Double Stop trading technique.

On a candlestick chart, there is a pattern that technicians refer to as a doji. A doji has top and bottom shadows like a regular candlestick, but has practically no real body. This happens when the opening and closing price are the same, or so close that they just leave a sliver of a real body. A doji looks like a plus sign or cross. Continue reading "Candlesticks - Using the Doji" →