4 March: S&P 500 Approaching Critical Level
March 4, 2009
Today’s Video Update sees Rick begin with a chart pattern that didn’t work out, and stresses the importance of managing your trades in order to limit losses when things don’t play out as you might hope.
The S&P 500 reached a critical level that Rick has been watching for the last few days, what to expect in terms of a reaction and how it might set up a trading idea.
Rick also highlights the importance of planning out support & resistance levels before you start trading. It’s a good habit to make part of your analysis routine as it helps you to get your bearings and create something of a roadmap. You don’t want to be going short at support and long at resistance, but this is easily inadvertantly achieved if you’re not sufficiently prepared!
3 March: Profitable Chart Patterns
March 3, 2009
In today’s video update Trader Rick talks you through some simple yet powerful chart patterns from yesterday’s market action to help improve your trading and plan for better decision making.
First up we have several measured moves, how to identify them and use them to provide meaningful profit targets. There’s the ’3 pushes’ pattern that is already in play, Rick explains what should happen next if the pattern does work out. We have an example of a good bullish wedge, and last but not least tips on how to identify a trend day early on.
Enjoy.
2 March: Trade Ideas for this Week
March 2, 2009
Today’s Video Update is an outlook for the week ahead of us including a broad look at the popular trading markets along with analysis of support & resistance levels, multiple time frames, patterns in play and trade ideas for you to think about and use in your own trading.
Doing your homework can give you the edge in day trading, and those who are well prepared are better able to take their opportunities when they arise. Do you have a trading plan for this week? If not, then let Trader Rick provide you with the basis of a few solid trading ideas around some key price levels. Consistent trading begins and ends with discipline.
Al_gorithm
March 2, 2009
“Great job, Rick. The best training video (the 9/30) in terms of both quality and depth of knowledge that I’ve ever viewed.”
