Are you ready? Gold Traders and Investors Better Get Ready To Rumble!

We have talked about how gold, silver and gold mining stocks have been flying under the media radar for over a year and that they were not catching the attention of traders, investors and the public anymore. I also said it would take some sharp price action (breakdown or rally) for it to be front and center again on TV, Radio and Newspapers.

But since gold has plummeted 17.5% dropping from $1600 down to $1320 per ounce with silver and gold stocks falling also they are now headline news once again. This move has caused some serious damage to the charts when looking at it from a technical analysis point of view. Below are some basic analysis points that show a new swing trading entry point.

The Technical Traders Chart Analysis

Broken Support – Once a support level has been broken it becomes resistance. Gold is trading under a major resistance level.

Momentum Bursts - Since the April 15th low, gold has been setting up for another short selling entry point. Remember the market tends to move in bursts of three, seven or ten days then price reverses direction or pauses. It has now been 10 days.

Moving Average Resistance – Gold has worked its way up to the 20 day moving average which can act as resistance.

Bearish Inside Bars – This type of chart pattern points to lower prices. When there is a big down day followed by 3, 7 or 10 up days inside the price action of the down bar we can typically expect another sharp drop which tests the recent lows as shown with the arrow on the chart.



Gold Short Selling Conclusion:

In short, gold is setting up for a low risk entry point that should allow us to profit from lower gold prices. Using an inverse ETF like DZZ or even the gold mining stock inverse ETF DUST could be played. These funds go up in value as the price of gold falls.

While I expect gold to pullback, I do not think it will make another leg lower. Instead, a test of the recent low or pierce of the low by a few bucks then reverse and start building a bullish basing pattern before going higher.

From our trading partner Chris Vermeulen.

Click here to get his Book, free of charge, and "Learn How To Manage Your Trades, Money & Emotions"

Get a free sample of Chris' Trade Ideas

This Should be Kept on the Desk of Every Trader in the World

Doc Severson just posted a report called "The NEW Road map to Consistent Monthly Income" where he exposes the real truth on diversification and why even some of the best trading strategies are under performing.

Click here to get this special report "The NEW Roadmap to Consistent Monthly Income"

And you'll be surprised because this has nothing to do with any other trading system you've seen advertised or the talking heads on CNBC, Bloomberg or Fox Business suggesting. Yet, it's so important that it should be kept on the desk of every trader in the world. And that's probably what you'll do since you can download this 60 minute presentation that includes a 14 page financial blueprint to access and use at anytime.

If you've been struggling with making money and just want to find a simpler way to manage your accounts and draw a regular paycheck you need to watch this video now. Doc's road map is broken down into a 4 step process that can almost bullet proof your income from ever getting slammed by the market again.

"The NEW Road map to Consistent Monthly Income"

After watching the presentation please feel free to leave a comment and let us [and our readers] know what you really think about Doc's new system. And since you can put this method right to work...no matter what the size of account is....we'll see you in the markets next week.

Posted courtesy of the staff at Ray's Stock World

Are you trading with us....or against us?

Our trading partner Doc Severson is giving away one of his favorite options trading strategies. He just released a few copies of this new & revised version of  The Iron Condor Trading Strategy as a way to restore hope to struggling traders. This is not a promotional tease, it's a 100% fully disclosed options trading strategy.

Having looked at the new version myself I can tell you that you are going to want to reference this material over and over so be sure to save it to your computer while the link is still live.

With it's limited availability you'll want to click here to Download Your FREE Iron Condor Trading Strategy PDF file right away.

Doc offers a really unique perspective on options trading and chances are this will be the first time you've ever seen a trading strategy like this before. This system is so simple that you'll be able to go into the markets and trade it right away. This strategy is detailed in an easy to understand training video and blueprint with no strings attached.

Now you decide, are you trading with us or against us?

See you in the markets,
Ray's Stock World


Download Your FREE Iron Condor Trading Strategy

Are you making the 5 mistakes most financial gurus are teaching?

Doc's getting ready to reopen his highly anticipated OptionsMD program, but before he does, he wants to deliver some real hardcore value for absolutely no cost or obligation to you.

Click here to get your presentation





He exposes the ugly truth about....

* Why 70% of mutual fund managers cannot beat the S&P
* Why most financial planners (who are hired to protect your assets) lose their shirts in a market crash.
* 5 mistakes that many financial gurus are teaching (that might actually prevent you from becoming financially independent)

It's one of the most eye opening presentations that I've watched in a long time!

We've met some pretty incredible Options traders before, but I've never met anyone quite like Doc. There's a reason why he's been called "One of the top Options Trading Professionals in the World!"

Click Here to get Your Presentation

Swing Trading Strategies for Options Traders

Free webinar with our very own John Carter Wednesday, April 24th at 8 p.m. est

Click here to sign up for the "Swing Trading Strategies for Options Traders"

Here's what John will be teaching in the webinar, completely free of charge

What are the best swing trading setups?
What technical analysis indicators should I use?
What foundational analysis techniques should I use?
What criteria to look for when choosing a stock to swing trade
When the best times are to place your swing trades
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Simply visit this link, fill in your email address and click on the submit button. And you will automatically be registered for the webinar on Wednesday.

See you Wednesday night!

Free Futures Trend Jumper Strategy, a EURUSD Swing trade, current NZDUSD trade and the Dow eMini (YM)

Many of you are just beginning to get your FREE Trend Jumper up and running. Hopefully you were able to catch today’s winner that occurred right out the gate this morning. It ended with + 32 points using the three position approach.

Single Position Traders; + 13 points
Two Position Traders; + 31 points
Three Position Traders; + 32 Points

See Today’s FREE Trend Jumper Dow eMini Futures Trade 

Our other FREE Trend Jumper ‘module,’ the EURUSD Swingtrade, has a trade setting up as well. A setup seems imminent but we don’t know if it will trigger in or cancel. We’ll just need to watch it and remain patient and disciplined. 

Full Version Trend Jumper Owners have been treated to a multi session winning streak on many of our favorite markets.

Today was FED Minutes and Crude Oil Inventory Day so it is always good to lower your expectations a bit, trade less and get to your profit goals as quickly as possible. Like we teach in our Live Traderoom, if we can get to our signature ‘power of quitting’ goals early, we’re going to take advantage of the opportunity. And, staying on point with our ‘scalping’ theme (did you see the video in the earlier post?), many trades were quick to finish today.

Crude Oil Futures ended with two trades today for + .32, $320. Heating Oil Futures hit its target on the nail, + 37 ticks, $155 (One and done in 5 minutes.) Unleaded Gas Futures; + 124 ticks, $520 (One and done, 40 minutes)

There were lots of other strong finishes today in the futures world of daytrading, too. But how about our forex trades. There is a lot of action on that front as well. Here’s a look at a few highlights:

NZDUSD is up Hundreds of pips in just a few days — see screenshot

Yen Crosses are heading higher

Aussie crosses are in a variety of profitable trades hitting early targets

GBPUSD is still going strong

NZDCAD just hit a big profit target, + 185 pips to the 1st target and on the way higher

We trade daily charts and only spend a few minutes per day placing and managing these trades. There is NO better way to trade Forex, in my humble opinion. Moreover, there is no better way to stay out of the way of your trading and to just let the tradeplan do its thing. That IS one of the big secrets to success in this business. Once a day, then stay outta the way!!

One of our Current Forex Trades, NZDUSD 

It's not to late to get caught up....Sign up for Trend Jumper today!

 

Are you afraid of the high pressure and heavy risk in scalping?

If you are then you and I have a lot in common, I just got tired of living my life that way. Most traders I talk to tell me they to have grown tired of the high pressure and heavy risk associated with scalping. And most times, the profit is just not worth it.

But there's a group of traders that the commodity traders are talking about on Facebook that have truly mastered the art of scalping. And they are making these trades and profits without all of the stress that goes along with scalp trading.

You may recognize these traders. These are the same traders that brought you the free Trend Jumper trading system that everyone is talking about on the social media networks..

Click here to watch this video lesson now

Please feel free to leave a comment and let us know what you think of the video.

Please tell me you got these free indicators?

Here are two trading plans that are probably the BEST performing indicators in the Trend Jumper system. We are talking about the ultra hot scalping system that currently sells for $997.00. This high frequency system is a genetically modified scalping method that cuts the risk while boosting  your trading results.

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You'll want to download them before we take it off the market.....if you wait, you'll have to pay the full $997.00 for the entire system.

Don't kick yourself when it's too late, Click here to download the BEST performing indicators in the Trend Jumper system.

The Long and Winding Gold....Bull Cycle about to Begin

The dramatic 2-3 day take down in Gold Spot pricing action smells and looks like capitulation to us at The Market Trend Forecast. We have been calling this entire 19-20 month consolidation period as a Primary wave 4 correction pattern, though complicated for sure. It has had multiple false rallies and buy and sell signals the entire time. With that said, the pattern is set up for final 5th wave decline which we are seeing now at the beginning of April.

Traditionally, Gold tends to meander or be weak in April anyways on a seasonal basis. This sets Gold up to rally in May into July with another soft patch, followed by a fall rally. However, our technical analysis is predicated on our Elliott Wave analysis, which says this entire 20 month correction is a “Double Three” correction pattern. Essentially its two ABC patterns with an “X” Wave rally in the middle to really confuse everyone.

The X wave took Gold to 1800 last fall before dumping all the Bulls off and eventually working its way down to the 1540’s levels we see today. This last leg down is a 5 wave decline and you know you’re at the bottom of wave 5 when everyone throws in the towel, the Gold stocks trade at multi year lows and relative valuation extremes. We also have insiders buying 7 to 1 over sellers according to Ink Research in the Gold stock sector. Stocks are valued at $923 per ounce equivalent even though Gold is trading north of $1,500 per ounce still.

We say bring it on and are actively accumulating selected Gold stocks with production profiles and growth metrics that are attractive.

See the Gold Elliott Wave analysis chart we sent to our paying subscribers a few days ago to forewarn of one more leg down. The next rally should be a doozy and have very few people on board. We would simply caution that a drop below $1523 spot pricing could lead to a blast down to the 1440-1460 areas, but its unlikely in our current views.

Join us for regular updates at The Market Trends Forecast.com

How to Risk Less When You Trade