Welcome to the video update for Monday, the 29th. Due to some charting problems this will be an abbreviated update. Short and sweet! Trader Rick starts with the euro monthly chart. See if price is in the buy or sell zone. What is price action saying? On the daily euro, price is in the sell […]…
Welcome to the video update for Wednesday’s trading. FOMC announcement is released at 2:15pm est. Trader Rick takes a look at the bond, euro and S&P markets to prepare for fed day. Bonds have a potential ab=cd pattern or a two step. Note where overheard resistance lies and where the D target is IF price […]…
Welcome to this week’s video update. Trader Rick starts with the eurostoxx 50 weekly chart….remember September is the front month now….see if this last week’s close had any significance. First level of support on the weekly chart is in the 2275 area. On the Canada weekly, continue watching for the possibility of a dragon pattern. […]…
Welcome to the video update for Monday, June 15th. Trader Rick starts with the eurostoxx 50 weekly chart where the possibility of a hidden divergence exists. The MACD may be settting up a conservative or an aggressive buying opportunity. Watch the buy zone! On the weekly Canada chart, we continue to look for a dragon […]…
Welcome to the video update for Friday. Remember, roll to the September contract if you trade the stock index futures or the currencies. In this short video update, Trader Rick goes over the Gold daily chart. With 4 doji in a row this week expect price to breakout of the current trading range. Does the […]…