Welcome to the video update for Thursday, May the 27th. If you trade gold, remember to roll to the August (Q) contract. Grader Rick starts with the EUR/USD pair weekly chart where we continue to monitor an ab=cd pattern with a D target of about 1.1400. With price trading outside the keltner channel on a […]…
Welcome to the video update for Monday, May the 24th. Continue to trade conservatively while volatility remains in the markets. First chart up is the EUR/USD weekly chart. Price broke the lows back in late 2008 so we shall see if price finds support here, resulting in a short term rally in to the overhead […]…
Welcome to the video update for Friday, May the 21st. In last weekend’s video update Trader Rick showed 4 9/30 setups on the daily chart…so let’s see how they turned out. First up is the eurostoxx 50 daily chart and we had a conservative 9/30 short setup. Initial target of 2560 was hit this week. […]…
Welcome to the video update for Monday, May the 17th. 9/30 setups on the daily chart are opportunities for both the position trader and the day trader and in this video update we have some great examples! First chart up is the eurostoxx 50 daily chart where we had a conservative 9/30 short setup in […]…
Welcome to the video update for Thursday, May the 13th. Let’s begin with the weekly gold chart where price is making new highs. A possible important target was hit in Wednesday’s trading. What is the 60 minute chart telling us? How did the Greece bailout that was announced on Monday affect the euro/dollar chart? Take […]…