Welcome to the video update for Monday, November the 1st, 2010. Remember we have FOMC announcement on Wednesday, the 3rd, and employment on Friday morning. This video update will cover the big picture since we are starting a new month. Always check your monthly at month end in to review the big picture. First chart […]…
Welcome to the video update for Monday, September the 20th. First up is the EUR/USD pair weekly chart where price moved higher last week. Currently, the trend and momentum on this timeframe are up. Bias is up also on the daily chart with price trading outside the upper keltner channel the last 3 trading days. […]…
Welcome to the video update for Monday, August the 30th. First chart up is the EUR/USD pair weekly chart. Still no valid 9/30 setup but look at the indications that we may see higher prices. Or will we? The daily chart has a bearish bias. If price moves higher watch the price action in the […]…
Welcome to the video update for Monday, June 28th. Trader Rick will start with the monthly EUR/USD pair chart where the month of June is going to finish completely outside the keltner channel, indicating current momentum is strong to the downside. Note the D target of the ab=cd pattern. The weekly chart shows overhead resistance […]…
Welcome to the video update for Monday, June 21st. In this video update, Trader Rick talks about 3 things on the EUR/USD weekly chart that gets his attention. See what they are. On the daily EUR/USD chart, see what often happens after a descending triangle in an extended run. Next chart up is the weekly […]…