Welcome to the video update for Monday, August the 24th. Trader Rick covers slingshots, 9/30 setups, ab=cd patterns, fib zones, dragon patterns, previous resistance now support, bullish engulfing candles, OKC, basic price action…it’s all in today’s video update! Every trading day presents a learning opportunity to improve our trading performance. Take advantage of it! First […]…
Welcome to the video update for Thursday, August the 20th. First chart up is the crude daily chart and a reminder that the front month for crude is now October. Today’s close may be possibly an important event as price is now trading above previous resistance. The weekly fib and the 1.27 fib extension indicates […]…
welcome to the video update for Monday, August the 17th. Trader Rick begins with the eurostoxx 50 weekly chart which indicates loss of momentum but price is still trading outside the upper keltner band which is notewortthy. Watch the 60 minute chart to see if price moves in to the sell zone. On the weekly […]…
Welcome to the video update for Thursday, August the 13th. In today’s video update, Trader Rick covers 6 markets, starting with the weekly Canada chart where we continue to monitor the status of a dragon pattern. Do you know the potential of this pattern? Look for price to form a simple pattern or a complex […]…
Welcome to the video update for Thursday, August the 6th. Trader Rick covers the euro currency and the ES in the video update so this will be a short update. In the euro, an ab=cd pattern is shown on the daily chart and illustrates the value of recognizing a possible ab=cd pattern, especially if you […]…