Always watch the Spot Prices

In the video from Friday, I forgot to mention that the EURO spot had a down Trade Triangle issued on the same day as the EURO/US Dollar. Another factor in my reason for shorting it.

For those of my readers who just found me

There are some useful tips that heve helped me make the 47% profit (on $100,000) I talk about in the links at the bottom. Like a high school math teacher would ask, I have shown my work along with the exact results of my trades.

For a little over a month before the first entry of this new blog,
I kept a record of all my analysis and trades (zip file). With all the images, it was impossible to transfer them to this blog...so you can find them here:

February 22-27:
https://docs.google.com/Doc?docid=dcrk5jpw_113gqwnfsfc&hl=en

February 15-20:
https://docs.google.com/Doc?docid=dcrk5jpw_77drfzsvg5&hl=en

February 8-13:
https://docs.google.com/Doc?docid=dcrk5jpw_24g3v7cfch&hl=en

February 1-6:
https://docs.google.com/Doc?docid=dcrk5jpw_1cz92b4dh&hl=en

GBP/YEN trade

Looks like we have the 21 day GBP/YEN moving average crossing the 100. In and out of a profitable short earlier, but have just re-shorted it in another account (longer term). Down daily trade triangle issued this morning.

New Video on Euro/US

Shorted the Euro/US an hour ago...here's why.

Amazing Indicator

Since the end of 2008 my Forex account is up 47% on $100,000. This is one of the most useful indicators I have ever come across.

Did anybody notice?

Did anybody notice that Gold retraced almost the standard 38.2%? Remember when Adam said he didn't know WHY it does it...it just does it!

Ironically, M Club came out with a new down daily triangle on the QQQQ...a day after issuing an up triangle... On top of that, CNBC had a technician on TV today that basically said the Dow support level dating back to 1974 (7385) is extremely crucial, and it would not be good if we close below this level. He went on to say we would need closes of 7600 + to avoid a break of support here.

Out of the GBP/CHF trade with a loss

I took a loss on my third GBP/CHF trade (not the first two) even though we are still in the channel I showed you in the video. WHY? Because Market Club just issued a new Trade Triangle the opposite way. Sideways market...but why take the risk?

See the trendline?...maybe we spring DOWN out of the channel. See below:

How Long Will the Japanese Government Get Their Wish For?

Be ready for the USD/YEN to retrace a little. Will it wait until it hits 100? I don't know...see the video for ideas.

But don't forget about that Trade Triangle MC issued for the Dollar yesterday...I would need it to close @89+ for confirmation...and if it doesn't, you might look for the retracement then.

Why Does The Sterling Look So Strong Here?

A new trade video pitting the Sterling versus the Franc.
Also here's an update to the minute of my trades for the week.

New Trade Triangle for the U.S. Dollar

Market Club just issued a new Dailly Trade Triangle...be interesting to see if this follows through...

This will be a good one...I think! (new video)

This trade has the makings of a REALLY good one...
See the short video and decide if you agree. (This is more of an intermediate trade.)

The Perfect Way to Use Trade Triangles BEFORE a short term trade

Another quick video. If you use Market Club with other indicators...you will do well. Here is an entire trade, open to close, in a 4 minute video!

A short video about this Gold retracement we are having today

I talked about what is going on in Gold a couple of days ago.
Here is an updated video.