How Trade Triangles work

Occasionally a reader will ask me why I use Trade Triangles as one of the indicators to go to before a trade is placed. To some, triangles seem too basic...but it's the combination of "Weekly" and "Daily" triangles that has helped my accounts do so well. If you watch any of Adam's videos, you'll see why they work so well. They are meant to be used in conjunction with other indicators.

Anyway, on the equity Barrick Gold and on the Gold spot, Market Club recently issued weekly down triangles for both. The key to good trading is to find confirmations (or disparities) to trade indicators and, ironically, the first one that I have found is within Market Club itself...a WEEKLY down triangle on the Euro/Greenback chart (Dollar positive.) Since the Dollar and Gold usually work inversely, this is a confirmation.

Lastly, DAILY trade triangles can occur every few days (at times,) but weeklies are a different story. Check out any equity or security you can think of, and you will find that there was a significant move for it in the direction of the weekly arrow that was originally issued...it's amazing how right they are. You can try it free for 30 days like I did.