adam_hewison's blog

This is just an update on using the internal forces of the market to time new positions. In this short video we look at the internal workings of the S&P 500 index.

We will be using in this example the free technical tools to help time a position. The number one tool we will be using is the Fibonacci retracement tool which just comes in beautifully in this example.

With the S&P 500 falling to a fresh two-week low, the big question is this a correction, or the start of a major trend on the downside?

I have just finished a short video that details many of the key concerns that we have for this market. If you have not seen our videos before you may enjoy this one. This video does not require a plug-in.

The #1 Account Killer: Emotion

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.