Trading Experts

If you are looking for trading experts, alerts on stocks, commodities or forex then you can check out Jim Robinson. We will add more experts, but we will start with Jim Robinson.

We spoke with Jim Robinson about trading Stocks, Commodities and Forex

EXPERT: We spoke with Jim Robinson about trading Stocks, Commodities and Forex

I was looking around for someone who knows how to trade futures and through one of my contacts I came in contact with Jim Robinson who has been trading for 30 years.

He has been writing daily email trading newsletters for over 10 years and has by now thousands of traders receiving and following his newsletters everyday.

Free and premium newsletters
If you are interested in some excellent free trading information you can sign up for his free newsletters or for his premium newsletters below:

• Premium and free Daily Forex Newsletter
• Premium and free Daily Commodity Newsletter
• Premium and free Daily Stock Newsletter

He also gave us a nice article that I urge you to read to become a better trader, and that is what this blog is all about, getting better, having fun trading.

THINGS YOU NEED TO KNOW TO BE A SUCCESSFUL TRADER

1. You have to have a exact trading plan.
2. You have to believe in your trading plan.
3. When you start trading your plan, you have to follow it - exactly.
4. If you don't have a plan and follow it, you will not be successful trading.

1 - The trading plan
If I had to make a guess I would say most trader's probably trade their entire career without a trading plan.

Does that sound hard to believe?

Well if you don't mind, let's take a little test here .

Write down your trading plan.
A) How to enter a trade.
B) Where does the stop go.
C) Where do you take profits
.
And to me each of the above needs to be clear cut, no questions asked.

In other words anyone who followed your plan, would know exactly where to enter, where to get out, and where to take profits, at all times.

If your plan reads, I trade double bottoms, triangles, bull flags, or I use Stochastics, Moving Averages, etc. etc, I'm sorry but to me that isn't a plan, that is a hodge podge of chart patterns and technical indicators.

So let me give you an example of what I consider a trading plan, and this is just an example and is not an actual trading plan.

EXAMPLE PLAN - BUY

1. If the market trades above the 10 day high go long.
2. The stop if wrong is the most recent 10 day low.
3. If the trade moves your way, use the low of the last 10 days to take profits.

A sell example would be just the opposite.

Anybody that decided to follow the example plan above would know exactly what they were going to do before they even entered the trade, and they would know exactly what to do while in the trade.

2 - Believe in your plan
This is where paper trading and testing, will come in.
If you see the plan works before you start to trade it, you will be able to stick to the rules.
If you don't have an exact plan, you will never be able to follow it, quite simply because you really have nothing to follow.

3 - Follow the rules
This is where the going gets tough, because most trader's can't follow a plan.
And quit simply that is why most traders lose.
If you have a trading plan you believe in through, paper trading and testing, you will be able to follow the rules, because you will know overall you are going to come out ahead.

4 - You can do it!
If you develop a clear cut trading plan that works, and have the will power to follow it, you will be a successful trader.

Really the big secrets to a successful system are:

• Trade with the trend
• Cut your losses short
• Let your profits run

Not much of a secret, right, everybody knows that.
Here's where I believe most fail even though we all know to trade with the trend, cut losses short, and let profits run.

Trading with the trend, cutting losses short, and letting profits run, can mean almost anything to anybody and that brings us right back to what we are talking about - we have to have a plan.

• We have to know how to define the trend.
• We have to have a specific rule for cutting losses.
• We have to have a specific rule for taking profits.

Well I could go on and on from here, but I am also one of those people who believes in keeping it simple, so I think this is plenty for one lesson. So please before you ever trade have an exact plan, and then when you start to trade follow it.

You can do it !

Thanks !
Jim :-)

P.S.
When you start trading and feel like you are not quite sure what to do at any given time.
The answer is, follow the plan.

Using Stage Analysis to trade the Dow Jones

Stan Weinstein wrote in his book 'Secrets For Profiting in Bull and Bear Markets' about the four stages that a stock or market could be in.

In the picture you can see the four stages, and in the next table you can read more about every stage:

Phase	Name	What do we see
Stage 1	Basing	MA 30 is turning flat and the market moves sideways.
Stage 2	Advancing	Trading above MA 30 and the market trend is up
Stage 3	Topping	We see a top in the market and MA 30 turns back flat and the market starts to trade sideways.
Stage 4	Declining	Trading dip under MA 30 and we have a downward trend

I thought, what good is a method without first trying it out in the real world? Well to show you how this Four Stage Analysis method works, I will zoom in on the Dow Jones Index, and see if it really works. 

A picture says more than a thousand words so please take a look at the Chart of the Dow Jones Index and read the labels to understand how you can trade the Dow Jones using this method.


I will explain it a bit more in detail. I will get into the following:

• when can I go SHORT at a possible top and when do I exit my position?
• when can I go LONG at a possible bottom and when do I exit my position?

When can I go SHORT at a possible top and when do I exit my position?

Advancing phase
If we look at the chart at the far left then we see phase 2 (advancing phase), so a climbing Dow Jones. Trading is above the MA30 and the line points up.

Topping
We see that after October the MA30 starts to go flat and we see sideways trading taking place. We draw a support line (support 1) at the lows of the corrections that have taken place.

Breakdown
At the beginning of 2008 support (support 1) breaks down and we see that trading dips under the MA30. This can be a good point of entry for or to take a position but most of the times there will be so-called retest of the breakdown point. So it would be better to wait for that moment.

Retest
Between April and June we see a retest and we see climbing prices up to the support line that becomes now resistance.

Go short on the DOW
We wait until trading goes under the MA30. We also see that the RSI and MACD are pointing downward. At this point we go SHORT.

A little summary:

• there has been a top phase (flat MA30)
• MA30 points down 
• prices lie beneath the MA30
• support is broken
• we saw a retest
• we see a further decline

When do I exit my SHORT position?
When we get back at stage 1 (base) we get out. In the graph that is around 8000$. We see that MA30 goes flat again. The MACD becomes positive and also the RSI. Really certain (what is certainty in the stock market?) are we when we get a breakout through resistance 1.

When can I go LONG at a possible bottom and when do I exit my position
This works exactly the same but then the other way around. We draw a resistance line at a possible bottom (resistance 1).

Bottom
We see here that as from April MA30 starts to go flat and that the market starts to move sideways. We draw a resistance line here (resistance 1) where a high was formed each time.

Breakout of resistance (resistance 1)
We get a first breakout at the resistance line (resistance 1).

Long on the DOW
We see that we get a retest of the breakout level and after that we see a bounce back up. We wait for this moment and also until the trading increases above the MA30 line. We also see a positive RSI  and MACD. Here we go LONG and we close our previous SHORT position.

The trading method when you go from long to short and the other way around, is called SAR, or Stop And Reverse.

Conclusion
If you used this method to trade the Dow Jones you would have made a lot of money. You only had to take 2 positions, one Short and one Long and you could have a good night's sleep. Also the method is an easy method, you have to draw support or resistance lines, and you will use a weekly chart of the market, the MA30 and you are all set. You can enhance it all by using extra indicators like the MACD and the RSI.

Links of interest

• Has the Gold Market Topped Out?
• One Indicator The Government Can’t Ignore
• 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)
• Get Your Favorite Market Analyzed, Instantly!
• 100% Returns on a Canadian Stock (Video)
• Introducing the Perfect Portfolio
• What does winter hold for Crude Oil?
• All 7 Traders Whiteboard videos
• Free Email Trading Course Copy
• New Video: ETF GLD is analyzed
• Register for all the latest Trader's Blog postings Today.

Picking a top or bottom

Many traders try to predict a top or a bottom, but reality reveals this to be a futile attempt and one which mostly ends with considerable losses.

If you try to buy at the bottom, then most often prices will drop yet even further or the stock will trade sideways which automatically means dead money for a long time.

If you attempt to predict a top then there is always the possibility that you are wrong and the high you had imagined is in fact the low of an ongoing rally to much higher prices.

BullionVault - Buying Gold online

It used to be very difficult for private individuals to find a simple, safe and cost-effective way of buying, storing, and then selling gold.

The main problem was the sheer size of the investment you needed to make to access the best prices - and there were extra complications with integrity and storage too.

Direct access to the very best prices

• BullionVault.com changes all this. It enables people from all over the world to own professional market gold and keep it in any quantity in officially recognized bullion vaults in London (UK), New York (USA), or Zurich (Switzerland).
• All BullionVault gold is held in Good Delivery form. So when you come to sell, your buyer is able to trust the purity and weight of your gold, which is guaranteed by BullionVault itself because we know that you never had the chance to corrupt it.
• So the dealing spread is typically 0.4%, about one-tenth of the equivalent cost charged to private customers for gold coins and small bars.
• You can buy just a small portion of a 400-ounce bar. You can trade on-line in increments as small as 1 gram - currently about $30.
• BullionVault is not a unit trust / mutual. There is no 5% front end subscription load. When buying gold you pay a commission whose maximum rate is 0.8%, falling progressively when you invest above $30,000 to the spectacularly low rate of 0.02%.
• Storage charges are down to wholesale rates of 0.12% pa ($4 per month minimum) with insurance included. That's less than a tenth of the storage fees charged by retail banks, and less than one-third the annual fees charged by typical exchange-traded gold funds (ETFs).
• BullionVault customers also save money because they deal directly with each other, willing seller to willing buyer, by using our order board.
• You make a further big saving at settlement time too. You don't have to arrange for expensive armoured courier bullion collections.

BullionVault Registration

To register go to the main page of BullionVault. On it you have to enter your own user name. I will use a fictional user name to go through these steps.

BullionVault Registration Form

As you can see, I've entered my details, the user name I want to use, my own email address and a decent password. Next you have type over the three random numbers or letters that are generated. That is done to make sure it is a real person doing the registration and not a computer program. Last, you need to agree with the terms and conditions and you can submit the form.

Registration Completed

After clicking submit you will be brought to this screen confirming you your account was successfully created. Congratulations! You have made your first steps to becoming an actual gold trader. Now click on login to enter your details.

BullionVault Login

Fill in your user name and password.

BullionVault Account Balance

After securely logging in to BullionVault you will be taken to the Account Balance screen from which you can see you current balance in the currency in which you made the deposit of course. From this screen you can pretty much do everything from watching the prices, charts, buy gold, sell gold, deposit funds and basically everything one needs to trade gold.

BullionVault Markets

Clicking on the markets button brings you on the screen where you buy or sell gold. It shows the best bids and the best offers. Trading gold was never this easy. Those interested in doing a bit of trading and not knowing how then I suggest checking out BullionVault. They also have a pretty detailed help page and a help demo which guides you through everything.

Closing trades: UTS Energy Corp and Open Range Energy

We close UTS Energy Corp and Open Range Energy Corp. These made a profit of 9.38% and 6.47%. UTS Energy Corp rose to more than 15% but I will put this lower result on the board. Probably these stocks will gain more profit, but I see a lot of stocks move lower and a lot of people are taking profits, so better keep what you have then loose more of your profits.

Keep remembering what I said: "take profit when you". It it is better to make a lot of small wins, that is more realistic and these all added up make also a large number!

Marketclub - UTS Energy Corp Trend Analysis
Marketclub - Open Range Energy Corp Trend Analysis

Links of interest

• Has the Gold Market Topped Out?
• Has the S&P Index Topped Out for the Year?
• CRB Index insight video
• Are You Laughing or Crying About Markets?
• Introducing the Perfect Portfolio
• What does winter hold for Crude Oil?
• Free Email Trading Course Copy
• New Video: ETF GLD is analyzed

Is the NASDAQ Now in Thin Air?

We have seen ever increasing stock prices since March, but isn't it time for some kind of reversal for the NASDAQ? In the video you can also take a look at the use for the Fibonacci Retracement I talked about earlier.

Watch the video

I also posted a video for the S&P 500 that may reverse that you can have a look at.

Is the S&P 500 about to reverse?

Here is a new video about the S&P 500. I post this because I also think that there has to come some kind of reversal in the markets. We are getting at some very dangerous price levels in a lot of markets so watch out if you are still long.

Article
There’s no question about it, the markets can be very difficult at times. On the other hand, you can laugh all the way to the bank if you approach the markets in a systematic way.

I was looking once again at the S&P 500 and many people have said the market has gone up, not on the fundamentals, but on the perception that things are going to be better. Perception is one of the most powerful elements of the market. I would say that perception trumps both the fundamental and technical.

So what’s going to happen to the S&P 500? Is it going to continue going higher for the rest of the year, or are we close to a turning point?

In my new short video, I outline several key areas that this market is fast approaching. These levels could be the Achilles heel for this market and potentially set the direction for the rest of the year.

Watch the video

As always, the videos are free to watch and there is no need to register.
Enjoy the video, all the best.
Adam Hewison
President, INO.com
Co-founder, MarketClub



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)

Amazing results of trade alerts

We started this blog in August 2009 and already we have had some good results for our trade alerts. You can see them all at the right under results. All the trades were closed with a profit and there are still running a few trades that each day make more profit for you.

We will not say that we are the best, or promise you every week a new trade with a lot of profit. We just do our best to search for promising trades and put them on our blog.

In the results we don't look at transaction costs, or spread or whatever other costs there are. We just calculate the difference between the price of the stock/commodity when we gave the alert and when we closed the alert. So the results are to be interpreted keeping that in mind.

But the main topic of this blog is to become a better trader. And we enjoy learning more about trading, and when we get better we will write more articles that can help you get better at trading. We have a lot of articles on our mind, and we will add these over time.

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)

Update UTS Energy Corp

UTS Energy Corp is trading at 2.09 and got you a profit off +9.38%. We saw the MACD cross over and the RSI is getting near the overbought zone, but there is still a huge upside potential, the next stop will be around 3$ if all goes well. Now we are trading around the 23.6% Fibonacci level and 3$ is around the 38.2% Fibonacci (2.88$).

Click to get the current trend for UTS Energy Corp.

Chart courtesy of: Market club tools for the trader

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)