Welcome to the video update for Monday, June 14th. Check out the short trading lesson on the two most common types of retracements after a rally outside the keltner channel. First chart is the EUR/USD pair weekly chart where price completed the 4th consecutive week trading outside the lower keltner channel. Note the overhead resistance […]…
Welcome to the video update for Monday, June the 7th. A reminder that the indices roll to the September (U) contract this Thursday. We will start with the EUR/USD pair weekly chart and price continues to trade outside the lower keltner channel, telling us that the momentum and trend to the downside is firmly in […]…
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. […]…