14 January: LIVE Trading The ER2

January 13, 2009

Today’s bonus video update is Trader Rick performing a LIVE intraday trade with the efuturevision methodologies on the ER2 (now the TF) futures contract. This trade made $290 in less than 25 minutes.

This is your opportunity to see how an expert trader analyzes and approaches the markets in real time. Watch first hand how Rick uses double confirmation of higher time frames to gauge the overall trend, before dialing down to a shorter time frame to find an entry with momentum.

Rick clearly explains his reason for taking the trade, his entry price, stop loss, profit targets, and also when & why he moved his stop loss to break even. The trading methodologies used in this LIVE trade are the very same ones we teach our Traders Club members. Want to learn more? Take our Traders Club trial today.

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13 January: ES Review

January 13, 2009

In today’s Video Update, Trader Rick shows you the importance of knowing what’s going on in the larger intraday timeframes – even if you’re a short term scalper. There’s an example of combining a 60 minute chart for overall trend direction with a 5 minute chart for optimal entry with the flow of momentum according to the eFutureVision methodology;

  • Gold – 300 volume chart trading OKC, how this relates to a 3X setup for more high probability trading.
  • ES – Fib extension methodology in action again, when the overnight range is narrow look for the furtherst extensions as targets.
  • ES – 60 minute chart shows OKC all day long, do you want to be long on a day like this?
  • ES – 5 minute chart shows characteristics of a trend day down, how patience pays you to wait for the highest odds setup.

Click the ‘play’ button below to watch!

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11 January: Outlook for Monday

January 11, 2009

Today’s Video Update is an outlook which covers the next few trading days, Trader Rick provides you with a broad analysis across many major trading markets combined with trade ideas for you to utilize in your own trading. Each market gets the familiar multiple timeframe analysis treatment, which begins with the Monthly chart, and works down through the Weekly, Daily and intraday timeframes to gauge support/resistance and other areas of interest. Keeping an eye on the bigger picture and the prevailing trends can help you to profit by keeping you in good trades and also by keeping you out of bad trades.

  • Bonds – potential short setup on the daily chart, what to look for and how to trade it.
  • Canadian Forex – Big picture monthly & weekly chart analysis on prevailing trend. How high will it bounce? Watch for a move into the sell zone.
  • Yen Forex – Potential daily short setup, currently in the sell zone.
  • Gold – Important weekly trendline scenario. What to look for and how to trade it.
  • Crude Oil – Be on the look out for a higher low on the daily charts.
  • Bund – Daily trend has been strongly up, watch for a drop into the buy zone.
  • Eurostoxx 50 – Key resistance level to monitor, this is a good place to get short.
  • Euro Forex – Overall weekly trend is still to the downside, with possibility of a higher low.
  • ER2 (TF) – Why it’s important to look back several days when seeking out support/resistance levels. Also notes on how to trade the opening range.
  • ES – Trading at the daily chart lower keltner. Look for support here if the ES is going to move higher.

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8 January: Understanding Price Action

January 8, 2009

Good discretionary traders know that an understanding of price action and how it interacts with areas of support & resistance is vital in achieving consistent results in the markets. A common mistake which many novices make is to execute an order at the market simply because they see price is trading at an area of support or resistance. However, without waiting for confirmation from the price action, and or a good setup that your pattern recognition skills are familiar with, this is a losing proposition. Good discretionary traders must excercise patience when waiting for the best opportunities to arise, and then courage to execute the trade flawlessly, without hesitation.

In today’s update, Trader Rick guides you through some topical price action and emphasizes the importance of this key trading concept and how it combines well with eFutureVision methodologies;

  • Bund fib extensions and AB=CD patterns for support/resistance and profit targets.
  • ES review again shows how combining fib extensions with AB=CD patterns can often project strong support/resistance levels.
  • ES classic example of text book price action, and how it interacts with support/resistance levels. Use it to your advantage!
  • ES Elliot Wave analysis review on the 60 minute chart. Potential trade idea here – Make sure you understand both scenarios.
  • ES example of the fib extension methodology in action again – see and understand why yesterday was not a good day for this methodology.
  • Euro Forex outlook for potential support using, you guessed it, fib extensions!

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7 January: Fib extensions can help you to profit

January 7, 2009

Welcome to the video update for the 7th of January 2009, in today’s update Rick will be providing updates on some of the content and trade ideas discussed yesterday, and also giving you an outlook for Wednesday’s trading, particularly in the ES.

  • Euro Forex update from yesterday’s Video Update. D target was reached and rally followed. This rally gave us a nice long trade in the smaller time frames.
  • Overview of multiple time frame anlaysis for the Bonds, and how to manage conflicting time frame signals.
  • ES outlook analysis including trade ideas and profit targets.
  • ES globex fib extensions – another very good setup from this methodology, how to combine with price action for profitable trading. 14 ES points in this case!

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6 January: Trade Ideas for a Tuesday

January 6, 2009

Today’s Video Update is available FREE to non-members as well as our Traders Club members. Many of you thinking about taking our trial have requested to see more of what we offer before you take the plunge, so here you go!

Trader Rick discusses several trading ideas for you to consider and use in your own trading today, you may be surprised at how accurate our trading methodologies can be, so don’t miss this limited time chance to benefit from the analysis of an expert trader.

Included in today’s video update;

  • Euro Forex – two possibile scenario’s on the Daily chart and ways to trade them.
  • Gold possibility of an AB=CD termination pattern.
  • ES review of yesterday’s price action and clues about where we may be heading today.
  • ES larger time frame analysis of a 5 wave completion and what to expect next.
  • ES example of a fibonacci extension trade from yesterday, see how this trading methodology yielded a 10 point profit in the ES.

Please be aware that the FOMC minutes are released at 2PM Eastern Time today, so as always, excercise caution around this report!

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Globex Fib Extensions

January 5, 2009

In this latest training video, exclusive only to Traders Club members, Trader Rick shows you a profitably method he has traded since 2004.

The trading rules are simple and it is easy to construct on your charts so long as your software has the ability to draw fibonacci extensions.

In this training video you will learn;

  • How to identify the overnight range in the emini products.
  • How to correctly determine the fib extensions.
  • Trading rules.
  • Tips for entry and exit.

This trading methodology is another bullet for your trading clip, and when complimented with eFutureVision’s other methodologies it can provide you with an added awareness that will help you to select the best trade setups, and stay clear of the more marginal ones.

The emini Globex Fib Extension Methodology

January 5, 2009

In this latest training video, exclusive only to Traders Club members, Trader Rick shows you a profitable method he has traded since 2004.

The trading rules are simple and it is easy to construct on your charts so long as your software has the ability to draw fibonacci extensions.

In this training video you will learn;

  • How to identify the overnight range in the emini products.
  • How to correctly determine the fib extensions.
  • Trading rules.
  • Tips for entry and exit.

This trading methodology is another bullet for your trading clip, and when complimented with eFutureVision’s other methodologies it can provide you with an added awareness that will help you to select the best trade setups, and stay clear of the more marginal ones.

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5 January: Are you ready for 2009?

January 5, 2009

Happy New Year everyone! I hope you all enjoyed yourselves over the holidays and are now ready to get back to trading!

In today’s Video Update Trader Rick guides you through the big picture analysis for the popular trading markets, including support & resistance levels, a peak at the prevailing trends in the higher time frames, and suggestions for trade ideas over the next few days;

  • Gold multiple time frame analysis and research, including examples of 3X setups, support & resistance levels and trade ideas for this week.
  • Update on the Yen inside-outside-inside pattern members were alerted to in the last video update, this trade yielded a good profit for those who took the setup.
  • Crude Oil – How breaks of important trendline’s can help your price action decision making. Also multiple timeframe analysis on the monthly and weekly charts for added perspective. Trade ideas for the coming weeks. Don’t fight the major trend!
  • Eurostoxx50 is in breakout mode, how to dial down during strong trending markets in order to find optimal entries with the current momentum.
  • ES 60 minute dragon pattern that members were alerted to during the last video update, today we see a review of how the dragon formed up and how much profit you could have made by following this trade idea. In this case, 38 ES points after a breakout above the dragon’s head.

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