Market Club Technology Appeals to Many of You

Market Club's system has been received well especially in the last two months and many of you have taken on board the trade triagle method.

There's no doubt about it, these are volatile times. Here's a list of recent videos which explain on how exactly to apply and make money consistently with the trade triangle method:

>> Gold, it's a game changer
>> Crude oil, it's not over 'til it's over
>> Dollar index, another video lesson
>> Sad day for Apple

From HectorTrader: Raising Eye Brow ... [EUR/USD Monthly Chart]

This post was brought to you by Hector of 3SMA Forex Trading Course.

• Analysing the 3SMA Trend Following System Trade Entries

As usually, I like to post whenever I find anything on my charts that might raise my eyebrow. Well, there’s something on EUR/USD that I have been following for a few days, I took some notes on my Forex notepad and I figured I could share them with you all.


Please take a look at the EUR/USD monthly chart here below. As we all know, this pair has plummeted through the floor since mid-July, all the way from 1.60 to 1.38 where it’s recently bottomed few days ago. It seems like that 1.38 area is quite a key-level from a technical point of view because we have three elements of support stacking up together: a long-term trendline, the 50% Fibonacci retracement and the previous major swing high. So, all in all, we have a bunch of elements of support around that area that might hold price above.



But what’s truly interesting is that price is indeed reacting to that heavy support already. In fact, EUR/USD has already bounced 500 pips and it’s currently sitting at 1.44. Moreover, the monthly candle for September is shaping up as a massive bullish hammer which is usually regarded by traders as a bullish reversal signal.

So, what am I getting down to? well, I believe that EUR/USD has reached a decision-taking junction in the long-term charts that might dictate this pair’s overall behavior for the following months: if by the end of September the monthly candle does finally close as a bullish hammer, many traders will be in the mood to begin searching for long positions and EUR/USD might begin to climb to new heights. In the other hand, if EUR/USD fails to respect that 1.38 support area and dives through it, I am sure many stoploss orders will get triggered and it’s free fall from there until the next support area at 1.33.

A word of caution though ==> I am sure you folks are aware of the current tumultuous times we’re going through in the global financial markets right now: Lehman Brothers going belly up, AIG being rescued by Uncle Sam in the last minute, England’s Halifax bank running for the hills, Madonna releasing a new album, etc… Quite frankly, no-one knows what’s going on right now and no-one knows whether the whole financial status will blow up in our noses. Be VERY careful if you’re actively trading because it’s getting very ugly out there!

-HECTOR-

Previous postings:
From HectorTrader: EUR/US...High-Probability Forex Trade (Aug 12, 2008)

From HectorTrader: EUR/US...High-Probability Forex Trade

This post was brought to you by Hector of 3SMA Forex Trading Course.

• Analysing the 3SMA Trend Following System Trade Entries

Some few days ago I was mentioning the breakout of the upward range we had seen on EURUSD from the low 1.50′ies to 1.6000. Indeed, EURUSD upon having formed a double top at 1.6000, broke the upward channel bottom to the downside.

At that time I mentioned that those who like to trade within ranges could have a very good short opportunity by selling the EURUSD after the first pullback to retest breakout levels. Also, the logical target would be the range bottom in the low 1.50′ies…

Well, the pullback did happen, it did retest breakout levels (see picture below), and from there it dropped almost 500 pips within the last few days. Very nice high-probability trade setup, isn’t it?

As I always say, price action trading is nothing but buying support and selling resistance, especially if it’s aided by a solid breakout. EURUSD has just proven, once again, that this simple-yet-effective technique is all a trader needs to be successful.


-HECTOR-
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p.s. At this point of re-posting, further breakout of the Range Bottom channel has caused the Euro to drop another 500 points to 1.48xx below the 1.5300 buying support

From HectorTrader: EUR/USD Recurrent Pattern

This post was brought to you by Hector of 3SMA Forex Trading Course.

• Analysing the 3SMA Trend Following System Trade Entries

Have you noticed that EUR/USD has been moving within a recurrent pattern throughout the last two years? It seems like EUR/USD moves in 1000-pip blocks, then consolidates for three or four months and finally it pushes up another 1000-pip run before consolidating again.

Please pull your EUR/USD weekly chart so you can follow along with me: in mid-2006 price flapped sideways for few months in the 1.2xxx whereabouts. Then, in fall 2006, it popped the range and ran up into the 1.3xxx where it ranged sideways once again in mid 2007 for another 3 or 4 months. Fast forward to fall 2007 and… pop-it-goes into the 1.40xx, where once again it ranged sideways for another 3 or 4 months in late 2007/early 2008.

The last run-up took place in spring 2008 when price rocketed from 1.5000 to 1.6000, and ever since we’ve been ranging sideways for… bingo! 3 or 4 months!

What am I getting down to? well, it seems to me that EUR/USD has been following a repetitive “move-congestion-move” pattern throughout the last two years, and as of lately we’ve been toying around the 1.6000 barrier after having bounced around the 1.50′ies for quite a while… I wonder: is EUR/USD ready for another 1000-pip run to 1.7000 soon?

Screenshot attached below:

-HECTOR-

2 Week Complimentary Trial : Market Club

Hi all,

I've been told that on Monday June 16th at 12:01am EST, Market Club will be activating 2-Week Guest Memberships to the public. No payment info is required for this trial.

• Market Club (INO.COM)

If you enlist at the start, you will have the maximum time to use and learn about the Market Club. There are also special bonuses at the end of the trial which are yours to keep regardless of whether or not you decide to become a full member later.

Here is the url is where they will be signing up participants:

Market Club Trial: 2 Week Members Only Access -Trial ended

You will be given the same access which the paid members have. For example, charting tools, scanning capabilities, trade school and etc. Nothing will be different or unavailable.

Market Club: See What You Get

If you've been on the fence about Market Club, this is the best way to see if the Trade the Triangle is the best tool for you.

Market Club Traders Rejoice Over Record Oil Price

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.

From Adam Hewison
The MarketClub Team

Two Words from Market Club: Bear Stearns !

Here is the latest newsletter from Market Club:

• Market Club for Traders (INO.COM)

Never buy because a price looks low, and never sell because a price looks too high. IT DOESN'T MATTER WHAT YOU THINK.

Why would we say something like that, why doesn't it matter what you think? Well here's the cruel reality of the marketplace.

It doesn't matter where these markets are headed. What matters most is you get the direction right. MARKET DIRECTION... that's what's important.

Just look at Bear Stearns this morning. Joe Lewis the Bahamas based investor (smart guy) is a little less wealthy as his 9.4% share of Bear Stearns has a loss of 1.16 billion dollars.

The reality is, these are trading markets. They are all driven by MARKET SENTIMENT. That's the kind of markets we are in right now, and we are likely to stay in this mode for quite some time.

What matters most, is that you get the direction of the market right. You can only determine the trend by using pure market action. The easiest way to do this is by using a program that tells you in plain English what the market is doing.

Take the next several minutes and watch the latest video on Bear Stearns and let us know what you think.

>> View video

Let the markets have their say... all you have to do is listen.

We are going to see some amazing market and trading opportunities this year. So start planning today. It's important to stay cool, listen to what the market are saying and have a game plan that works.

From HectorTrader: The D-day Battle

This post was brought to you by Hector of 3SMA Forex System and first posted on his site on 25 Feb 2008.

Hello everyone,

The NZDUSD I entered last Friday is still developing positively in my direction. Right now it’s retesting the key level 0.8100 which is the historical high of July 2007. In my opinion, this battle will be won or lost right there: if the bulls manage to breach through I reckon this trade will net me some good profits; if not, I will be ready to exit out at the first signals of weakness.

For the time being it’s sitting at +75 pips in profit as you can see in the screenshot below. But like I said, the level to watch now is 0.8100… Go Kiwi go!


-HECTOR-

---------------------------------------------------------------------------
(p.s. the kiwi has moved past the 0.8100 level and currently trades at 0.8188 as I type these lines.)

FYI, Hector likes to search for setups on multiple non-major crosses such as NZDJPY, GBPCAD, EURAUD and etc. Those currency pairs are quite 'exotic' to me as the spread costs on those pairs are often 4-to-7 pips wide. But, they are the perfect candidates for his 3SMA Forex System.


Q & A with Hector

Here is my recent Q & A with Hector.

me: Do you currently trade full time?

Hector: I trade full time from home around the London market schedule. Is full-time trading a reality or a myth you ask? It's indeed a reality. HOWEVER, the problem is in the expectations new traders have when it comes to trading. They think they can toss 10k to a broker and trade for a living within few months. First of all, it takes MUCH longer than that to develop a deep-enough understanding of the market. Secondly a larger account size is needed to be able to live exclusively off trading without going kamikaze at every trade.

me: Do you have any special indicators to help identify the chart patterns easily and to standardise the trade entry process?

Hector: I haven't looked for any indicator's help beyond my 3SMA trend filter indicator (and the Dashboard). For me it's just a time saver to scan through the charts every morning, that's all. Once I have spotted the trends, I proceed 100% manually from there. And finally, most new traders don't understand that psychology is the key to trading, and not any super indicator combo. Patience > MACD. Discipline > RSI. Limiting your losses > Bollinger Bands, etc. You know what I mean.

me: Well said, Hector.

Market Club for Traders (INO.COM)

Introducing INO.com for traders of Forex, Futures and Options. The site is listed in the Forbes.com's rankings of the "BEST OF THE WEB" financial sites.

One of its flagship Market Club offers cutting edge tools such as the “Trade the Triangle” approach to the markets.



The “Trade the Triangle” and filtering techniques are amazingly SIMPLE, POWERFUL and ACCURATE. Its trading tools help countless members in over 40 countries to avoid losing trades and stay in WINNING TRADES.

Let's find out the more about the CORE trading approach of the Market Club (as seen in the figure above):

The Market Club provides DYNAMIC SCANNING and market coverage on more than 200,000 symbols in Futures, Forex and Stocks using its PATENTED SOFTWARE TECHNOLOGY.



Its advanced streaming chart tools AUTOMATICALLY identify the underlying market trend and trading opportunities by generating "BUY AND SELL TRIANGLES" for you on the daily, weekly, monthly and quarterly charts. PROVEN TRADING FORMULAS (see figure below) are used consistently.



It also disseminates clear instructions (i.e. well documented) on how to trade the triangles and execute winning trades in Forex, Futures and Stocks. Basically, you see the entry… you open the trade. You see the exit… you close the trade, as clear as 1, 2, 3 (as illustrated in the next figure).



The developers claimed that the system is CAPABLE of digging beneath the surface to help you find the RIGHT trading opportunities. Here's an overview of their MarketClub's ability to keep traders in winning trades and OUT OF LOSERS in recent tough market conditions.

View Results (Q4, 2007)

Also check out these videos which show you STEP BY STEP on how to approach the markets.

More results part 1
More results part 2

All these advanced tools will be available to us, plus the Market Club now provides 30-day review period. Also for a limited time, there are two extra bonuses along with the Market Club membership.

How to Avoid Making Bad Trade by Using 3SMA Trend Surfing Technique

I was caught short on GBP/USD from 1.9630 level (x3) since yesterday. In 24 hours time, the GBP/USD market moved from a swing low of 1.9500 to a swing high of 1.9850, a massive upside movement of 350 pips. I was unable to identify my mistakes at that time as the market continued to act against my positions.

This kind of unusual move is very detrimental to trading. When holding your positions against the trend with no stop limits and no backup trading plan, it could easily wipe your account slate clean. So, a lesson learned here.

I did a post-analysis of what went wrong yesterday. To troubleshoot, I strapped my M5 trade entry chart with 3SMA trend lines and also the associated trend filter indicator, courtesy of Hector's trading system. To further improve my trading skills, I recently exchanged emails with him on various trade ideas (I'll do some postings on that later) after studying his 3SMA course.

Here is how the 3SMA could help. It is important to note that the core concepts of 3SMA trading technique are identifying pattern breakouts and TREND SURFING.


Figure: Soon after my short entry at 1.9630, the 3SMA long setup appeared at least two times (see the marked circles inside the chart).

If you have been following Hector's trading video, you will know that the price was supported at the 3SMA dynamic region before bouncing off to a new swing high for a valid price pattern breakout. These 3SMA setups could therefore be very useful to serve as warnings if you are holding shorts; or better, to be used for long entries if you prepare to enter the market.

After this experience, I decided to practise the 3SMA technique frequently and suggest you to do the same by making use of this approach. The trading course is quite an expensive one (comes with money-back guarantee), but well worth it. In the long run, the course should help us avoid making rogue trades by increasing our trading awareness. With continuous trading support and through more practices, hopefully we can get rid of all our trading mistakes by becoming a better market observer and a safer trader.

Chart of Interest: Price Continuation

GBPUSD 5-min

• Heavy selling, strong price action
  
• Two sizable downward moves, 2 x 80 pips
• 2nd leg occurred after US close (a rare occurrence)
  
• Previous support level (blue line) turned into resistance after price breakout
  

What's the Best Way to Trail Your Trading Profits? (1)

So often, many of my EA's In-The-Money positions (+40 to 50 pips) were stopped out/hunted at the price-retracement (resistance/support) level for a smaller gain (+10 to 20 pips) before the real action continued again.

As always, the EA used a fixed trailing stop algorithm to protect part of their gains. But, the disadvantage of this was giving them very little room for prices to manoeuvre in order to reach their final targets.

Below are some examples:

USDJPY 5-min 10 Jan 2008


GBPUSD 5-min 9 Jan 2008


But, I wouldn't want to change the algorithm for now as there could be a positive implication out of these case studies. Such end results might be useful for identifying important price retracement levels and perhaps, generating hidden "secondary-level"signals good for discretionary trade re-entry?

Still, this hasn't answered the main question yet - what's the best way to trail your profits? I am still unclear at present and temporarily, I have to resort to setting a moderate first target (good for 30 - 40 pips) and also a more aggressive second target (of at least 80 pips). More studies will be carried out on these topics when free.

A Simple Trend-Exploitation & Forex-Killer Day Trading Strategy

System Overview

Entering a market either LONG or SHORT will be based on the combined use of a daily market sentiment indicator and a trading signal processing software. The technical indicator will provide quantification of trending behavior over an intermediate-term time frame.

When implemented properly, it is a versatile swing trading strategy aimed at exploiting the underlying market strength (trend) and further price breakout.

This day trading strategy has produced some promising results since first used in Dec' 07. Most importantly, it is easy to understand and operate.

Forex-Killer Day Trading Strategy

1) First, check the moving average of closing prices of all major currency pairs on a daily chart (i.e. by using 5, 10 or 20 Simple Moving Average trend lines), to find out the price is either trending up or down for the USD dollar.
2) Obtain price correlation among all major currency pairs to determine an overall bias to either go long or short on the USD dollar on the day. This is the first condition filter.
3) Then, generate forex killer signals for all major pairs using shorter time periods (e.g. H1, M30 or M15).
4) When the forex killer signals are in line with the daily trend bias, enter the market long or short accordingly depending on the currency pair you choose to trade.
5) Stops must be in place whenever a condition disappears. You may follow the stop levels as suggested by the forex killer software, or you can choose to optimise your own risk reward ratio.
6) This strategy produces good results with 30 minutes and 1 hour closing prices, and with 40-60 pips return for a position.

In short, this simple strategy allows you to assess the underlying market strength (in this case, the US dollar strength) and filter out the out-of-sync currency pairs. Simply familiarise yourself with the forex killer software instructions, and apply this strategy as an analytical method to assist trading and improve winning chances.

The Day Trading Approach

We trade and monitor both LONDON OPENING and NEW YORK PRE-OPENING sessions which happen to be the most active trading hours for the forex market.

On the technical side:
The indicator of the US-Dollar market sentiment will be used to setup signals on the MAJOR CURRENCY pairs, while the indicator of the Japanese-Yen market sentiment will be used on the YEN CROSSES pairs.

On the fundamental side:
It is important to make sense of the latest economic news development. Typically, this strategy can produce good instant results with the forex killer signals on 30-min and 1-hour data. Return of 40 – 60 pips is possible in less than 2-3 hours or even higher sometimes when the news comes out IN TUNE with the sentiment data during the trading period.


Live Trading Service

Based on our advanced trade selection and entry system, the live trading service will provide registered users with all the technical data as well as real-time signal recommendations. Live price monitoring will be performed on all 'tradable' currency pairs every trading day.

The signal performance will be updated every hour too. In addition, economic news alerts will be issued in real time to give users heads-up about their potential impact on their running positions.

You can simply logon to our member area when free as we have prepared everything to help you enter the forex market with pre-knowledge and confidence. There are even LIVE signals for your own reference or to follow.


System Advantages

Note that this day trading approach can also provide versatility. Based on our technical indicator, users may use their own trading software/method to generate trade entries at any hours that suit them.

The forex killer signal software is currently chosen to all users simply due to its EASY operation and effectiveness to further improve the odds to be profitable. Here is its track record along with this day trading approach to generate instant good return on forex positions.


Follow This Day Trading Approach:

As a Service Subscriber, you will have immediate access to:

# Special Day Trading Template for Use on 10 Currency Pairs
# The Current Technical Market Data of US Dollar and Japanese Yen
# Technical Trading Bias and Live Update on Key Economic News Releases
# Up to 5 Signal Recommendations Covering London, New York and Late Trading Sessions Every Day
# Full Details on This Day Trading Approach



Start Your Subscription Today for just $55 a month

Trend Surfing and Playing It Safe

It's official. Hector has made gains of over 300 pips in the month of October by playing it safe. Make sure you check out his training course and offers while last. (Update: Offer has ended.)

The 3SMA Trend Following System Trade Entries

Here are some interesting forex charts I want to share with you from time to time, by Hector from HectorTrader.com. Based on his unique 3SMA System, simple moving averages of 30, 50 and 100 are applied to trade different price patterns and breakouts. See the following charts which describe this strategy:

(1) For spotting a healthy trend


(2) For trading a breakout


(3) Further assisted by own proprietary indicator & stringent trading rules


Here is a brief video introduction by Hector about searching the best quality trade setup as mentioned above. Feel free to visit his site for more information about his offered forex education program. Here are the list with over 17+ hours worth of videos.

HectorTrader: A Brief Intro

My new buddy, Hector, is a consistent forex trader and the inventor of the 3 SMA Trend Following System. His inspiration:

It doesn’t matter what system you base your trades on. A system is nothing but a work-frame to structure your daily decision-taking routine. What is actually truly important is to make sure you spot and understand healthy trends and swim in the direction of the flow. No matter how smart you are, no matter how talented you are as a trader, if you don’t trade in the direction of the overall main trend you will never achieve any type of consistency.

The time, patience and commitment he put in for maintaining his forex training course could not be faulted. With his daily email and video briefing, he makes sure you learn something new about forex trading everyday.

I would recommend his teachings to be used along side every trading system/software you have.