7 January: Fib extensions can help you to profit

Welcome to the video update for the 7th of January 2009, in today’s update Rick will be providing updates on some of the content and trade ideas discussed yesterday, and also giving you an outlook for Wednesday’s trading, particularly in the ES.

• Euro Forex update from yesterday’s Video Update. D target was reached and rally followed. This rally gave us a nice long trade in the smaller time frames.
• Overview of multiple time frame anlaysis for the Bonds, and how to manage conflicting time frame signals.
• ES outlook analysis including trade ideas and profit targets.
• ES globex fib extensions – another very good setup from this methodology, how to combine with price action for profitable trading. 14 ES points in this case!

[hidepost] [flashvideo width=550 height=413 filename=http://videoupdates09.s3.amazonaws.com/videonewsl010609/videonewsl010609.flv /] [/hidepost]