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 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 Monday, April the 26th. Quick reminder that Wednesday is FOMC announcement day at 2:15pm est. Make a note on your trading calendar! First chart is the weekly EUR/USD pair and last week price traded lower but we have early evidence that a trading range may be forming. The overall […]…
Welcome to the video update for Monday, April the 12th. We will start with the EUR/USD weekly chart where price is moving in to the sell zone in the overnight market. Note Trader Rick’s concern on taking a short setup if presented. On the daily chart Trader Rick is looking at a possible ab=cd pattern […]…