posted by gfx filed under Technical analysis
Remember when traders thought the British Pound was going to fall apart?
The stories of a second, Soros-style breakdown of the British Pound were a bit premature.
Over the past 2 months, the GBP has been a monster against the USD (so has the Euro to be fair).
Bottom line: the GPB is locked in an uptrend against the USD. No sense second-guessing
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posted by gfx filed under Technical analysis,
gold
The Japanese Yen and Swiss Franc are both considered to be safety currencies. The Swissie, especially, is also positively correlated to gold.
That's why its significant that the Yen looks like it is in the beginning stages of a significant uptrend against the Swissie.
MarketClub scores the JPYCHF at +90 (on a scale of -100 to +100) for its mid-term technical outlook.
MarketClub
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posted by gfx filed under gold
MarketClub's technical analysis scores are a perfect way to determine objectively whether markets are performing strongly or not.
The table below shows the technical analysis scores for a host of gold and gold-related stocks, including gold majors and junior gold miners, as well as spot gold. Numbers can't lie. Gold is hot hot hot, even though the broad Reuters/Jefferies CRB Index
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posted by gfx filed under Trading systems
Forex traders know there are few things worse than fighting a strong trend. That’s why many of the top traders including commodity trading advisors (CTAs) managing hundreds of million or even billions of dollars rely on trend following systems.
MarketClub’s trade triangles are one of the best trend-trading systems available to retail traders. For currency traders, there are many reasons
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Many traders have honed their skills on TSim+. Its a great trading simulation program but it requires a full account at Interactive Brokers. If you don't have an Interactive Brokers account and still want to learn to trade forex, TSimLite might be the answer. TSimLite is a program-based trading simulator that has a free data feed for EURUSD, USDJPY, and
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Gold's strength has translated to strength in commodity-based currencies like the Australian Dollar and Canadian Dollar. Yesterday, the Australian Dollar - US Dollar cross (AUDUSD) generated a new buy signal using MarketClub's trade triangles, a world-class trend-following system.
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posted by gfx filed under Fx trading videos
Here's a new video on the battleground in EURUSD, courtesy of MarketClub. It looks like a classic breakout / trend continuation is in the works, and we all know that trend-following is the secret to success in currencies.
Watch EURUSD forex video
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posted by gfx filed under Trading systems
FAP Turbo and MarketClub: two entirely different approaches
At the outset, its important to recognize that FAP Turbo and MarketClub are apples and oranges. Both rely on some aspect of technical analysis to generate trade signals, but in many important aspects they are entirely different. Its also important to know that I'm an affiliate of both, and a heavy user
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posted by gfx filed under Fx trading videos
Adam Hewison has a great new video on the Aussie Dollar (no registration required). As it shows, the Australian Dollar is at a critical juncture versus the U.S. Dollar .
Watch Video
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posted by gfx filed under Fx trading videos
Here's a new forex trading video on EURUSD from MarketClub. It takes only five minutes and gives a good sense of what is in store next for the Euro versus the US Dollar:
http://www.ino.com/info/395/CD3398/&dp=0&l=0&campaignid=3
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