Adam Hewison, president of INO.com and co-creator of MarketClub shows you how to analyze the crude oil market in 90 seconds flat by using MarketClub's proprietary "Trade Triangle" technology.
When looking at the crude oil market we use the weekly triangles to identify trend (also possible initial entry). We can see that the January '08 contract has been in a negative weekly trend since late November. Therefore, we would only be taking short positions.
We would use our daily "Trade Triangles" for timing. We use corresponding triangles as entry points and non-corresponding triangles as exit points.
The "Trade Triangle" technology helps traders enter markets after a steady trend has been established and only exit after the trend has come to a complete halt. This proprietary study can provide as a great tool in conjunction with other technical indicators of your choice. MarketClub also gives you access to multiple scans, historical data, news portfolio and a whole lot more.
If you are a member consider this video a quick refresher. If you're not a member, join today and learn how MarketClub and our "Trade Triangle" technology can help you hunt down profits in crude oil.
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