29 January: S&P moves above key resistance, what next?
January 29, 2009
Today’s Video Update includes a trade idea for the Euro, advice on the S&P and its support/resistance levels, and also some information about our soon to be launched Live Trading Chat Room service which will include market profile analysis in conjunction with the traditional eFutureVision trade setups.
- Euro FX daily short setup is forming up. See what the trigger for entry will be, and how to limit your risk.
- Crude Oil makes a lower low and has not yet taken out the last swing high, bias still remains to the downside.
- Bonds AB=CD pattern with the D target approaching, keep an eye on the candle stick patterns.
- S&P 500 broke through the resistance levels in the 850-855 area and spent most of the day trading OKC. Where to look out for support for a potential buy setup.
- Post FOMC announcement price action analysis, including example of a safe buy setup including profit targets.
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28 January: Gold Poised to Move Higher?
January 28, 2009
Today is FOMC day, so as always, please excercise caution around the release at 14:15 EST! In this video update we discuss some possible trade idea scenarios and also follow up on the outlooks from yesterday’s video.
- Gold setting up to move higher, here’s a band of support to help you get long at the safest points.
- S&P 500 example of measured moves and how powerful they can be in extrapolating profit targets.
- Crude Oil head & shoulders pattern, another measured move and how to identify them as they are in play.
- S&P 500 follow up from yesterday’s suggestion that we’d be moving higher. ES currently trading at 860 as I write this.
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27 January: Did You Take These Profitable Trades?
January 27, 2009
Today’s Video Update is a follow up on what happened to the charts and setups recommended in the weekend outlook, and even provides another trade idea setting up in the mini S&P 500.
- Gold slingshot setup could have got you long at the 892 level. Gold is now trading well above 900, hitting 916 in the day.
- Eurostoxx 50 Dragon setup also worked out profitably, hitting the target of the tail at 2209 before moving much higher.
- Euro pulled back into the buy zone to setup a conservative 9/30 long entry, which caught 250 full basis points or $3,000 profit per contract.
- mini S&P provided a good breakout above the overhead resistance line of around 835. We are now making higher highs and higher lows from a price action point of view.
- Another example of how the fib extensions can provide meaningful support & resistance areas. the 1.618 extension capped off the high of yesterdays S&P 500 rally.
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25 January: Trading Ideas For The Week Ahead
January 25, 2009
Trader Rick does the leg work for you in today’s Video Update as he guides you through multiple time frame analysis of the major trading markets along with support and resistance levels to look out for, and trade ideas built around these concepts. Starting with the monthly chart he zooms incrementally closer with the weekly, daily and intraday time frames to provide you with the necessary context for good trading decisions this week.
- Gold heading for a test of overhead resistance following break of overhead trendline on the weekly chart. What kind of follow through to expect?
- Crude Oil weekly chart starting to consolidate sideways. Hammer candle followed by strength, where are the resistance levels?
- 30 Year Bonds lost almost 7 full basis points last week, which now puts us into the buy zone on the weekly chart. What to look for next.
- Bund showing bearish signs after weeks of uptrending prices slow down. What to look out for next.
- Eurostoxx 50 good example of the enigmatic Dragon pattern, how to identify it and trade it profitably. Profit target included.
- Yen possibility of a double top pattern as sellers dominate trading followed by hesitation.
- Confirmation will come with a close below the recent higher low.
- Euro fib extensions in action, showing exactly why you need to pay attention to these powerful projections in your own trading.
- S&P 500 is probing for either a test of the lows or will seek to establish a higher low. Keep your eye on the price action in the daily chart for the heads up.
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Max F
January 24, 2009
“Hi Trader Rick,
I wanted to let you knw that I have found the training vidoes very informative and very helpful to my trading. Now I know without a doubt what triggers me into a trade, where to put my stop, and where to take profits or scale out if I have mutiple contracts on. It really takes the guess work out of trading and allows for a more disciplined approach.
Thanks again!”
Max
22 January: Trading Breakouts 101
January 22, 2009
The key to trading breakouts such as the one we had yesterday afternoon when the ES burst through the 820 overhead resistance level, is to wait for a pull-back and re-test of the breakout area. Watch today’s video to find out more.
- Bund follow up from yesterday’s 60 minute AB=CD pattern suggested trade idea. The D target kept you out of a bad trade!
- Yen futures were very active yesterday – 396 ticks in one hour. How a simple head & shoulders pattern can help you get on board these huge moves. Profit target included.
- ES shows another head & shoulders pattern with a good sized profit target!
- How the AB=CD pattern can be combined with fib extensions to provide reliable targets.
- When the OKC is NOT a high probability setup – keep your powder dry.
- What’s the safest way of getting on board a breakout? Watch today’s Video Update to find out.
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21 January: S&P falls hard, where next?
January 21, 2009
Welcome to Wednesday’s Video Update. In this video Trader Rick shows you the structure of the emini S&P and how you can trade breakouts from consolidating triangles like those we had yesterday. Also trade ideas for where the emini S&P is heading if we can’t hold 800 as support. We have to look all the way back to November which is the last time price was trading this low.
- Wolfe wave pattern review from the last video. How to manage trades that don’t always work out as expected.
- How AB=CD projects can often provide good profit targets.
- Price action – Why lowers lows and lower highs matter. It’s all about the context.
- Break of support line on the emini S&P preceded excellent sell zone short setup.
- How to confidently trade breakouts from consolidating triangles, combine with support/resistance areas for added accuracy.
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19 January: Outlook for this coming week
January 19, 2009
US markets are closed for trading Monday, which gives you ample time to prepare for the coming week by letting Trader Rick take the hassle out of market research as he guides you through the big picture analysis for many major markets. It’s important to do your homework and gain an edge over the competition, in today’s video update you’ll see multi timeframe analysis starting with the Weekly chart, and moving progressively closer with Daily and Intraday charts. You’ll see identified areas of support and resistance, as well as trade ideas to use in your own trading;
- Gold – multi time frame analysis, what to expect for the coming week.
- Crude – amazing $8 spread on the front month contract.
- Canadian forex 3X short trade and profit target for termination.
- Bund weekly trend strongly up but daily chart shows hesitation.
- Eurostoxx 50 weekly 9/30 short in play, where next?
- Euro Forex short term trend is up, look out for overhead resistance.
- Bonds sold off as per our suggestion last week.
- Mini Dow finds a little support on the Weekly chart.
- ES support and resistance areas, what to expect this week.
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16 January: Free Video Friday!
January 16, 2009
Today’s video update is available freely to members and non-members alike. Trader Rick discusses some of the setups and methodologies taught in our Traders Club. We invite you to take a few minutes of your time to check out this complimentary video.
- Euro fib extension review, including an example of combining multiple time frames with the 3X trend setup.
- ES wave counting analysis, dialing down to a smaller time frame when looking for an entry off the wave counts reversals.
- Quick explanation of eFutureVision’s ‘OKC’ (Outside Keltner Channel) trade setup and how it can be used to improve your odds of a profitable trade.
Just hit the ‘play’ button below to watch now.
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15 January: Bonds reach the sell zone…
January 15, 2009
Hi everyone and welcome to Thursday’s Video Update, we have some important numbers coming out this morning, namely, PPI and Jobless Claims at 08:30 EST.
- Bonds have reached the sell zone mentioned in our weekend video update. What to look for in the price action for a reversal and how to trade it, with profit target.
- Excellent example of combining the higher time frame OKC (Outside Keltner Channel) technique for very high probability setups.
- ES showed a AB=CD pattern, see how accurate the projected targets from these powerful patterns can be. They can very often mark the termination of a trend, and also stop you getting stung in a fake breakout.
- ES opening range method, combined with fib retracements provide opportunities to seek reversals in the price action, knowing ahead of time where the bigger reversals or continuations are likely to take place gives you an edge over the rest.
Sign in and hit play to see today’s Video!
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