Welcome to the video update for Monday, March the 29th. Note, if you are a gold trader please remember to watch for the roll to the June contract. First chart up is the 13500 volume eurostoxx 50 chart where we see an example of previous resistance becoming current support. See what two patterns are most […]…
Welcome to the video update for Thursday, March the 25th. Today’s video update will focus entirely on the emini ES futures contract. This is a good practice to follow at the beginning of the trading day, to see how the smaller timeframes fit in to the larger timeframes, hopefullly allowing you to better define risk […]…
Welcome to the video update for Monday, March the 22nd. Continuing our discussion of framing the markets, Trader Rick looks at the eurostoxx 50 13500 volume chart where price completes an abc pattern after making a swing high. Price tests the same basic level of resistance 3 times then either continues higher or retreats. This […]…
Welcome to the video update for Thursday, March the 18th. If you trade crude, remember that we roll to the May contract starting this Friday. First chart is the EUR/JPY forex weekly where price is poised to move in to the sell zone. Watch for a shorting opportunity by reading the candlesticks. Note where overhead […]…
Welcome to the video update for Monday, March the 15th. Don’t forget we have a FOMC announcement on Tuesday at 2:15pm est. Ok, first chart up is the weekly eurostoxx 50. Last week was a narrow range doji, indicating hesitation, contraction. Note where price is in relation to the 9ema. If price moves higher look […]…