Well, I have to say that emotions always lose out to a solid game plan when it comes to the markets. Here’s a recent example; we received a buy signal for gold (XAUUSDO) at $905 basis spot on May 19th. The gold market ran up and reached an intra-day high of $935.30 before it subsequently collapsed. I’m sure many traders held on thinking that the sharp pullback was just a pullback and that gold would soon regain its footing and once again go higher.

Why subject yourself to that kind guessing and emotional type trading when there’s a better way?

Using the MarketClub’s non-emotional “Trade Triangle” technology we were able to exit the market with a small profit of $10.25 an ounce and rest on the sidelines as gold collapsed.

There’s really no room for emotion in the market place. This is one of the greatest downfalls of most traders. You need to go into the market with a solid game plan, this could be in the form of MarketClub’s “Trade Triangles” or it could be another form of discipline, but having a solid game plan does give you a reference point to work from. When you are making trading decisions about the market while it is still trading is generally not a good idea.

Here’s a recent trading recap:

Gold (XAUUSDO): We are out of the gold buy trade from $905 on 5/19 to 5/27 at $915.25 for a profit of $10.25. We are resting on the sidelines based on “Trade Triangle” technology.

Crude Oil (CL.N08): We exited our long July position from $125.63 purchased on 5/15 at 126.90 on 5/28 (original signal $128.69) for a gain of $1.27. We are out of this market and on the sidelines based on our “Trade Triangle” technology.

Whether the “Trade Triangles” turned out to be correct or incorrect, they do provide you with discipline and a reference point that you can hang your hat on. “Trade Triangles” are consistent and not a willy-nilly approach to the market. Using MarketClub’s “Trade Triangles” gives you confidence as they represent a defined, measured approach that if followed consistently will make you money in the long run.

Every success in the markets and in life,

Adam Hewison

Co-Creator, MarketClub

The news of the day is that Crude futures are trading over 140. With prices not seeming to come back to earth anytime soon, is it really possible for Crude to hit 150 or higher?

This new video examines Crude prices in great detail from the beginning of the year to the present. You’ll see where it’s been, how it got there (in great technical detail), and (most importantly) where it could end.

Please enjoy the video, and as always, you can watch it without registration:

Adam Hewison
MarketClub

I am often asked how I find winning trades in the market. I can easily answer that question in one word: MarketClub. Just like the thousands of other MarketClub members, I use our “Trade Triangle” technology every day to spot stocks, futures, precious metals and foreign exchange markets that are ready to move.

In this new video, I’m going to show you exactly how to find potential winning trades using our “Trade Triangle” technology.

This short video will get to the point quickly. That’s what I most like about MarketClub, it’s fast, and our “Trade Triangle” technology is definitely a winner with investors. The website shows me quickly and easily what markets are ready to move with only a few clicks of a mouse.

Take the time, watch the video, and if you have any questions you can call us or find more information and videos at MarketClub.com. Enjoy the above video and give us your feedback when you have a chance.

Also here’s a very special personal message from me that’s 32 seconds long…but really shows how I feel about my viewers.

Enjoy,

Adam Hewison Co-founder MarketClub.com

A short (1:09) MarketClub video highlighting the most recent sell signal in gold. The previous sell signal was quite profitable. An opportunity for a quick look-see at their Trading Triangle method.

An interesting and informative article about inflation pressure by Bill Fleckstein at MSN Money. Here’s the mony line.

“I believe inflation will be with us for quite some time. Only when money printing leads to a collapse in the dollar or in the U.S. Treasury market will there be any possibility of the asset-market declines we face actually turning into the deflation that so many people still seem to expect.”

The inflation/deflation flap is a complex subject with deflation being the far worst outcome – should it occur. For us technical analysis types we most often don’t think much about the macro relationships between fiat currency, comodities prices, and the seemingly irresitible urge to keep the run button pressed on the government printing press.

With crude oil hitting historic highs today, MarketClub mentors thought it would be a good idea to do a short video updating you on our “Trade Triangle” technology and the signals we have generated in the June crude oil contract.

This five-minute video will give you an insight into how you can approach the crude oil market using MarketClub’s “Trade Triangle” technology. This approach takes a great deal of the emotion out of trading which is crucial for any successful trader.

I hope you enjoy the video and learn how to employ our technology into your own trading.

Every success in life and in trading,
Adam Hewison Co-founder, MarketClub.com

We need to see the greenback crack the 50% retracement in a convincing manner before we can even begin to look for the wall for the crude market.

Crude is at powerful Fibonacci resistance. A quick peek above this resistance level is OK but without doing any further analysis we wouldn’t anticipate a change in trend in either market without both meeting these minimal objectives.

…how today’s oil prices are really determined is done by a process so opaque only a handful of major oil trading banks, such as Goldman Sachs or Morgan Stanley, have any idea who is buying and who is selling oil futures or derivative contracts that set physical oil prices in this strange new world of “paper oil”.

With the development of unregulated international derivatives trading in oil futures over the past decade or more, the way has opened for the present speculative bubble in oil prices.

Since the advent of oil futures trading and the two major London and New York oil futures contracts, control of oil prices has left the Organization of the Petroleum Exporting Countries (OPEC) and gone to Wall Street. It is a classic case of the “tail that wags the dog”.

http://www.atimes.com/atimes/Global_Economy/JE06Dj07.html

Did they pull the plug on crude oil?

If they did pull the plug on crude oil, we pulled it faster using our Trade Triangle technology. We had a signal to exit all long crude oil positions on the 30th of April at 114.95 basis the June contract. It now appears that oil is on the retreat and we could see further downside erosion in this market. The 108 to 110 level is an important area for this market to regroup, if it is going to resume its upward trend.

Has gold lost its luster?

When we first announced that we had a major sell signal for gold it was if we were going against the Holy Grail. We had what literally amounts to hate email coming in from all the gold bugs saying, how could we think of selling gold given the economic uncertainties that the world faces today. But as we have stated before, we only look at what’s going on in the market according to our Trade Triangle technology. What’s going on right now indicates that we could see gold continue to move lower. We’ve already reached several of our downside target zones. Our longer-term target zone for gold is around $800. A move to the to $792 level represents a 62% pullback from golds all-time high of $1,032.58.

Watch the new video here.

I hope you find the video both entertaining and educational.

Adam Hewison

P.S. If you missed any of the Traders Whiteboard series watch them ALL here:

Watch Jim Martens, Senior Currency Strategist at Elliott Wave International, the world’s largest market forecasting firm, give tips on how to trade forex with Elliott wave analysis – free.

The U.S. dollar is the current center of the global financial community’s attention, and it will likely stay in the spotlight for a while. That could be good for the forex market – and you, a forex trader.

Already the largest and most liquid market on the planet – with the daily volume ten times larger than the combined daily turnover on all of the world’s stock exchanges – recent focus on the dollar is likely to attract even more currency speculators. And that means even more volume and liquidity – a nimble trader’s paradise.

Winning in forex is not easy. You need skill, discipline – and sometimes, just pure luck. You also need a method. You may have heard that Elliott wave analysis is something many forex traders use. It’s true; wave analysis is not a crystal ball, but it helps you accomplish three crucial goals: Identify the trend, stay with it, and get out when the trend is likely over.

Elliott Wave International’s website gives you multiple resources that teach you Elliott. Of course, nothing helps you learn faster than watching a good teacher. That’s why you don’t want to miss this free opportunity to learn from one of the best forex Elliotticians out there.*

Your FREE Video Lesson: How To Trade Forex With Elliott Wave
What you are about to see is a condensed, 20-plus-minute version of Jim Martens’ live course on trading with Elliott to an audience of independent investors in Denver, CO, recorded in early November 2007. Here’s what you’ll learn:

At its core, Elliott wave analysis is simple. Watch Jim explain why.

What Elliott waves are best for trading forex?
How do I identify trade setups?
At what point in a wave pattern do I enter a trade?
How do I manage risk with Elliott? Etc.
Your FREE Report: Take Advantage of News Using Elliott Wave Analysis

If you’ve ever felt you could be better at trading forex around economic report releases, this is a must-read. The Forex Journal, one of the premiere forex trading magazines, recently selected this report by Jim Martens as the main feature and cover page.

Join Club EWI to gain access to your Forex video and report, FREE! It takes just 30 seconds. Club EWI is the world’s largest Elliott Wave Community with more than 125,000 members. It only takes a minute to sign up and it’s absolutely free.

*Who is Jim Martens?
Jim Martens was first introduced to the Wave Principle in 1985. Since then, he’s built an impressive resume, having worked for such firms as Bank of New York and Nexus Capital Limited, a George Soros-affiliated hedge fund. Since 2005, Jim has been Elliott Wave International’s senior forex analyst – and one of the best teachers of the method.