Welcome to the video update for Friday, January 29th. With the end of the month Trader Rick offers two trading tips based on the position of the price in relation to the keltner channel. In preparation for the trading day consider looking at your higher timeframe charts to see where price is trading. As trading […]…
Welcome to the video update for Monday, January 25th. First chart is the eurostoxx 50 weekly where price may be approaching near term support. The daily chart shows price breaking an ascending triangle, creating a top, then reversing the trend, retracing down thru the apex of the triangle. Trader Rick discusses the 13500 volume chart […]…
Welcome to the video update for Friday, January the 22nd. There are some good charts to look at so let’s get started. First up is the daily euro currency chart where price tested an important fib level. Today was a doji, indicating hesitation. Will price bounce or continue lower from here? Trader Rick is looking […]…
Welcome to the video update for Tuesday, January the 19. Markets were closed on Monday due to a US holiday. First chart up is the weekly eurostoxx 50 weekly. Last week was an outside down week so we will watch the lower keltner area for potential support. The daily chart has the .618 fib at […]…
Welcome to the video update for Monday, January the 11th. First chart up is the eurostoxx 50 weekly and you will see after moving sideways for about 6 weeks that price has begun moving higher in the last 3 weeks. Note what the overhead resistance level is now. Trader Rick reviews the gold weekly continuation […]…