Free Email Trading Course

Again, a lot of new readers with perhaps a lot of questions about the terms I use when I do my charts and what to look out for. Here is the article with the email trading course sign up from MarketClub which highlights most of these points. Have a read and see if it is anything which might add to your trading skills. There is an unsubscribe link when you are done which works by the way. Anyway, here is the article :

First of all I want to thank you for having me as a guest today!

My name is Adam Hewison. You might want to Google Me to confirm what I am about to share with you.

There are plenty of people out there that create 'exclusive email courses' with little or no credentials to actually backup their teachings. So, I think it’s right that I share a little bit about myself with you before we even start.

I was a former floor trader on the IMM, IOM, NYFE and LIFFE as well as a risk manager of a large, multinational corporation in Geneva, Switzerland. I also have written books on forex trading and trend following. In 1995, I founded INO.com and later co-founded MarketClub. I’ve been in the trading biz for over three decades and have seen it all. I created this course as a way to give back and share trading tips and techniques that I still use in my trading today.

In my Free Mini Email Course, I will show and explain the tools and strategies you need to increase your success rate in the marketplace.

1. The importance of psychology in price movement
2. How to spot mega trends
3. Understanding of technical price objectives
4. How to picture price objectives
5. How to trade with moving averages
6. How to use point and figure trading techniques
7. How to use the RSI indicator
8. How to correctly use stochastics in your trading
9. How to use the ADX indicator to capture trends
10. How to capitalize on natural market cycles.

Plus, you will you will learn all about fibonacci retracements, MACD, Bollinger Bands and much more.

Just fill out the form and we’ll get you started right away.

Every success,
Adam Hewison
President, INO.com & Co-Creator, MarketClub

Orko Silver Chart September 4, 2009

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis.

Today I included a chart with Bollinger bands to show the potential of a breakout to above 1.00. If you take a look at number 1 on the chart. That's the moment where the Bollinger bands started getting wider.

When Bollinger bands are close together that means a period of low volatility in stock price. When they are further apart a period of high volatility in price is shown.

One of the rules some strictly technical traders use is to exit their long positions when the candle leaves the upper Bollinger band and tries to dip under the center one with a red candle. That would be around number 2.

Lots of different ways to use Bollinger bands.

If you want to see more about Bollinger bands, there's a youtube video with an easy lesson to follow for traders not familiar with this technical aid. Also explained is that Bollinger bands are not to be used as a single indicator but always in conjunction with other technical tools like stochastics or RSI (Relative Strength Index).

Anyway, I'm sure most will notice the similarities between point 1 and where we are now. Since September the price volatility has significantly increased and the technicals surrounding Orko's chart are still really bullish. About 260.000 shares traded today which is still a decent volume.

chart on kitco.com


For a break above 0.80 to have occurred I'm guessing gold should have done a bit better than it did on September the 3th. For the smartypants amongst us, yes I know, Orko Silver plans to mine silver and I'm looking at gold. Go figure. I'm sure most will understand my collaboration to the gold side :-)

And September still being the best month for gold and silver we should still expect a continuation of the current up trend.

Monday is labor day so no stock-market for YeOldGoldNugget :-(

Hope I don't have to go into rehab again after last time. Victoria day, pffft.



YeOldGoldNugget's links of interest

• Seven market lessons guaranteed to improve your trading
• 5 Markets & 5 Ways To Improve Your Trading Profits In the coming years ahead
• 90 Second Gold Lesson (Video)