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 Monday, May the 10th. With the plunge in the stock indexes in Thursday’s trading, it is imperative to protect your trading account by reducing your position size if you trade multiple contracts. Widen your stop loss and reduce your position size, or stand aside until the volatility dissipates. First […]…
Welcome to the video update for Thursday, May the 6th. First chart is the yen daily where the potential for a dragon pattern is beginning to be seen. See what part of the dragon has formed and what to look for next. Today also gave an aggressive buy signal, based on the double bottom pattern […]…
Welcome to the video update for Monday, May the 3rd. We will start with the eurostoxx 50 weekly chart where an ab=cd pattern may be forming. Keep in mind we are in the buy zone. Take a look at the EUR/USD weekly chart. What candlestick do you see for last week? Does it have any […]…
Welcome to the video update for Friday, April the 30th. First chart up is the EUR/USD daily chart. If you are not using fibonacci levels in your charting, hopefully this chart will sway you to at least consider using fibs. This chart has an ab=cd pattern where price stopped right at the 1.27 fib extension […]…