11 January: Outlook for Monday

Today’s Video Update is an outlook which covers the next few trading days, Trader Rick provides you with a broad analysis across many major trading markets combined with trade ideas for you to utilize in your own trading. Each market gets the familiar multiple timeframe analysis treatment, which begins with the Monthly chart, and works down through the Weekly, Daily and intraday timeframes to gauge support/resistance and other areas of interest. Keeping an eye on the bigger picture and the prevailing trends can help you to profit by keeping you in good trades and also by keeping you out of bad trades.

• Bonds – potential short setup on the daily chart, what to look for and how to trade it.
• Canadian Forex – Big picture monthly & weekly chart analysis on prevailing trend. How high will it bounce? Watch for a move into the sell zone.
• Yen Forex – Potential daily short setup, currently in the sell zone.
• Gold – Important weekly trendline scenario. What to look for and how to trade it.
• Crude Oil – Be on the look out for a higher low on the daily charts.
• Bund – Daily trend has been strongly up, watch for a drop into the buy zone.
• Eurostoxx 50 – Key resistance level to monitor, this is a good place to get short.
• Euro Forex – Overall weekly trend is still to the downside, with possibility of a higher low.
• ER2 (TF) – Why it’s important to look back several days when seeking out support/resistance levels. Also notes on how to trade the opening range.
• ES – Trading at the daily chart lower keltner. Look for support here if the ES is going to move higher.

Traders Club members watch this video instantly.

[hidepost] [flashvideo width=550 height=413 filename=http://videoupdates09.s3.amazonaws.com/videonewsl011109/videonewsl011109.flv /] [/hidepost]