December 23: Monday Recap

December 23, 2008 by admin 

Catch up on all the action from Monday in today’s video update as Trader Rick talks you through some of the day’s better trades and how to manage them.

  • ER 3X short example and how to profit from it.
  • Euro Forex 5 minute short setup example which was mentioned real time in the eChat room today.
  • ES 5 minute textbok slingshot pattern also discussed real time in the eChat room.
  • Characteristics of a trend day down, lower highs and lower lows, how to identify it early on and capitalize on the opportunities.
  • Several good ES 3X short setups throughout the day.
  • Advice on price action to assist you in picking the most high probability trade setups.

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