Welcome to today’s video update! Trader Rick starts out with a question…just to see if you are paying attention. When considering a trade you are about to take, do you primarily focus on how much money you can make…or do you focus on how much you can lose on the trade? Good question! What is […]…
Welcome to the video update for Friday, August 28th. On today’s video update, Trader Rick walks you thru what to look for in Friday’s trading in the crude market. Identify the buy zone opportunity for possible higher prices. contains recommendations In the euro, an ab=cd pattern with a fib extension sets up a buying opportunity […]…
Welcome to the video update for Tuesday, August 25th. You asked for it….. a live trade! Watch Trader Rick set up a live ES trade, the reasons for taking the trade, where to place the stop loss, and where to take profits. This is a countertrend trade that was based on several chart factors. Even […]…
Welcome to the video update for Monday, August the 24th. Trader Rick covers slingshots, 9/30 setups, ab=cd patterns, fib zones, dragon patterns, previous resistance now support, bullish engulfing candles, OKC, basic price action…it’s all in today’s video update! Every trading day presents a learning opportunity to improve our trading performance. Take advantage of it! First […]…
Welcome to the video update for Thursday, August the 20th. First chart up is the crude daily chart and a reminder that the front month for crude is now October. Today’s close may be possibly an important event as price is now trading above previous resistance. The weekly fib and the 1.27 fib extension indicates […]…