December 18: Profiting with a Slingshot

In today’s video update Trader Rick goes over some of the best trading patterns from yesterday, including several that were mentioned and discussed real time in our eChat room.

• Euro FX slingshot pattern, courtesy of Jimmer, explaining the nuances of how to spot it and what to do when you see it.
• Crude Oil hits new lows for December, what happens next? Some 525tick short setup examples and how to trade them.
• ES 4800 setup talked about in the eChat room today, a keltner band touch entry and why wide range bars present a dillemma when it comes to getting on board.
• Fib Extensions and how they can provide great profit targets for a safe trade exit.

Watch today’s video update by simply clicking the big ‘play’ symbol below.