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Many investors believe there is some very good money to be made from trading, and they're right, there is.

Unfortunately, the instant they dip their toes in water, they are bombarded with complex sounding concepts and names, like stochastics and Fibonacci retracements, quickly feel overwhelmed, and give up before even getting started...

That's a real shame because taking advantage of these tools and techniques is actually much easier than it seems.

All in all, we've been in the trading biz for many years and credit our financial success to our trading mentors. We created this course as a way to give back and share the trading tips and techniques that we still use in our trading today.

We've specifically designed it to 'demystify' the trading basics and help you launch your success rate, and profits, to a whole new level.

Sign up now to receive these Ten FREE trading lessons and you'll discover...

* Why attitude is a trader's biggest advantage
* The importance of psychology in price movement
* How to spot mega trends
* Understanding of technical price objectives
* How to picture price objectives
* How to trade with moving averages
* How to use the RSI indicator
* How to correctly use stochastics in your trading
* How to use the ADX indicator to capture trends
* How to capitalize on natural market cycles

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

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The Big Secret Behind Gold's $100 Collapse

The question many investors are asking themselves today is, just what happened to the price of gold?

Did the world change? Did the problems in Europe go away? Did all the states manage to find funding to cover their deficits?

No, none of that happened, but gold still dropped $100.

It's all about market perception and timing, two things we've talked about many times before on the Trader's Blog. I don't know about you, but I remember when gold was over $1,400 an ounce and all I could see on TV where ads from gold companies extolling the virtues of buying gold as it is real money. Since the fall, I expect we'll see fewer of these advertisements on TV and in print. So what did happen to gold?

Well, for starters there were some key technical levels broken. If you're a gold trader, but not a technical trader, you really need to learn how to read charts and see what other traders are doing. A good way to understand that is by taking advantage of our free technical trading course from MarketClub....Just Click Here to get those 10 free lessons.

Secondly, there did not appear to be any other news to drive this market higher. When that happens, markets tend to fall under their own weight, and as many retail investors purchased gold, there was nobody on the other side of the market to support gold.

So the question is, is the move over in gold? That's a tricky one. I want to show you in today's video exactly how we're looking at this very emotional market. Every time we have created a video indicating that there would be some pullback in gold, we were bombarded by the gold bugs saying that we're crazy. When you see a market pullback as much as gold has, you have to have some respect for the market itself.

If we look at the price of gold today at approximately $1,330, it pretty much equates to what happened in the last 30 years when gold was trading at a high of $850 an ounce. If you factor in inflation over the last 30 years, gold is probably lower now than it was 30 years ago. So how good an investment is gold? I think gold is more of a barometer of fear than anything else. Clearly there are other investments in the marketplace that have better returns.

Let's get back to gold and what we think will happen. In this short video we analyze the market using our "Trade Triangles", the Williams%R, and the MACD indicator.

As always our videos are free to watch and there are no registration requirements. If you like what you see please comment on our blog and feel free to Tweet or email your friends. I think there's an important takeaway message in this video, what goes up, must come down. Enjoy the video.

Watch "The Real Reason For Gold's $100 Pull Back"

Want to trade like Adam? Click here for FREE lessons.

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New Video: Do You Know About Market Divergences?

In the market there are two types of market divergences that can occur....a bullish divergence and a bearish divergence. Both of these divergences are important and you need to know how they work and how you can benefit from this knowledge.

In this short educational trading video, we will show you the tools we use to spot market divergences. We will be using the Relative Strength Indicator (RSI) and the Moving Average Convergence Divergence indicator (MACD) which was developed by our friend Gerald Appel.

As always our videos are free to watch and there are no registration requirements. Please feel free to leave a comment on this or any of our other videos.


Watch "Do You Know About Market Divergences?"


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Gold Daily Technical Outlook For Monday

Intraday bias in Gold remains neutral for the moment as sideway trading from 1163 is still in progress. With 1119.2 support intact, another rise could still be seen and above 1163 will bring stronger rebound into 1169.3/1227.5 resistance zone. However, upside should be limited there and bring another fall to continue to consolidation pattern from 1227.5. On the downside, below 1119.2 will suggest that recovery from 1075.2 has completed already and will flip intraday bias back to the downside for 1075.2 and below.

In the bigger picture, rise from 681 is expected to develop into a set of five wave sequence with first wave completed at 1007.7, second wave triangle consolidation completed at 931.3. Rise from 931.3 is treated as the third wave and has possibly completed at 1227.5 after missing 100% projection of 681 to 1007.7 from 931.3 at 1258. Considering that weekly MACD is staying below signal line, consolidation from 1227.5 is expected to extend further, either in form of sideway consolidation or a deeper pull back to 1026.9/1072 support zone, or even further to retest 1000 psychological level. But after all, downside should be contained well above 931.3 support and bring up trend resumption to another high above 1227.5.....Comex Gold Continuous Contract 4 Hours Chart.

Today’s Stock Market Club Trading Triangles

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Gold Weekly Technical Outlook

Gold edged higher to 1163 last week but lost momentum ahead of 61.8% retracement of 1227.5 to 1075.2 and turned sideway. With 1119.2 support intact, another rise could still be seen and above 1163 will bring stronger rebound into 1169.3/1227.5 resistance zone. However, upside should be limited there and bring another fall to continue to consolidation pattern from 1227.5. On the downside, below 1119.2 will suggest that recovery from 1075.2 has completed already and will flip intraday bias back to the downside for 1075.2 and below.

In the bigger picture, rise from 681 is expected to develop into a set of five wave sequence with first wave completed at 1007.7, second wave triangle consolidation completed at 931.3. Rise from 931.3 is treated as the third wave and has possibly completed at 1227.5 after missing 100% projection of 681 to 1007.7 from 931.3 at 1258. Considering that weekly MACD is staying below signal line, consolidation from 1227.5 is expected to extend further, either in form of sideway consolidation or a deeper pull back to 1026.9/1072 support zone, or even further to retest 1000 psychological level. But after all, downside should be contained well above 931.3 support and bring up trend resumption to another high above 1227.5.

In the long term picture, rise from 681 is treated as resumption of the long term up trend from 1999 low of 253 after interim consolidation from 1033.9 has completed in form of an expanding triangle. Next long term target is 100% projection of 253 to 1033.9 from 681 at 1460 level. We'll hold on to the bullish view as long as 931.3 structural support holds.....Comex Gold Continuous Contract 4 Hours Chart.

Just click here for your FREE trend analysis of GLD

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