5 January: Are you ready for 2009?

Happy New Year everyone! I hope you all enjoyed yourselves over the holidays and are now ready to get back to trading!

In today’s Video Update Trader Rick guides you through the big picture analysis for the popular trading markets, including support & resistance levels, a peak at the prevailing trends in the higher time frames, and suggestions for trade ideas over the next few days;

• Gold multiple time frame analysis and research, including examples of 3X setups, support & resistance levels and trade ideas for this week.
• Update on the Yen inside-outside-inside pattern members were alerted to in the last video update, this trade yielded a good profit for those who took the setup.
• Crude Oil – How breaks of important trendline’s can help your price action decision making. Also multiple timeframe analysis on the monthly and weekly charts for added perspective. Trade ideas for the coming weeks. Don’t fight the major trend!
• Eurostoxx50 is in breakout mode, how to dial down during strong trending markets in order to find optimal entries with the current momentum.
• ES 60 minute dragon pattern that members were alerted to during the last video update, today we see a review of how the dragon formed up and how much profit you could have made by following this trade idea. In this case, 38 ES points after a breakout above the dragon’s head.

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