13 January: ES Review

In today’s Video Update, Trader Rick shows you the importance of knowing what’s going on in the larger intraday timeframes – even if you’re a short term scalper. There’s an example of combining a 60 minute chart for overall trend direction with a 5 minute chart for optimal entry with the flow of momentum according to the eFutureVision methodology;

• Gold – 300 volume chart trading OKC, how this relates to a 3X setup for more high probability trading.
• ES – Fib extension methodology in action again, when the overnight range is narrow look for the furtherst extensions as targets.
• ES – 60 minute chart shows OKC all day long, do you want to be long on a day like this?
• ES – 5 minute chart shows characteristics of a trend day down, how patience pays you to wait for the highest odds setup.

Click the ‘play’ button below to watch!

[flashvideo width=550 height=413 filename=http://videoupdates09.s3.amazonaws.com/videonewsl011209/videonewsl011209.flv /]