Video Update: May 30th day trading chart patterns

Welcome to the video update for Friday, May the 30th.  Remember the GDP report is released at 8:30am est prior to the NY open and it could easily be a market mover.  Trader Rick reveals a chart pattern for the weekly Canada chart and IF it forms and reaches target we are looking at a profit potential of about 12 basis points, depending where the important part of the pattern forms.

In the crude market, today price reached a long standing measured move target that was first announced on the video updates back in mid March when crude was trading below $50.

In the interest rate futures, remember the front month is now September for bonds and notes, if you trade these markets.  In the September bond market, price is forming a chart pattern that has important implications IF it occurs.  Matter of fact, there are 2 chart patterns Trader Rick is watching for, so don’t miss this if you trade bonds.

In the ES, Trader Rick reviews the price action for Thursday’s trading.  There was one solid 3x trend method setup that took place after a new high of day was made.  He also gives a tip regarding the open range so be sure to check it out.  There is also a possible rising wedge to keep an eye on in early Friday trading.

Remember, the new MACD training video was released early this past week to members of the Traders Club.  Joining the Traders Club is a good opportunity to improve the consistency of your trading.

Good trading!

Video Update: 27 May

Welcome to the efuturevision video update.  Trader Rick first walks you thru the eurostoxx 50 market on various timeframes.  No signs of a top are in on the weekly chart.  See where the buy zone is on the 60 min chart and what to do when price is trading outside the keltner channel.  Learn when to ignore the 3x indicator when dialing down to a lower timeframe.

This past weekend the latest training video was released to members of the Traders Club.  It is a 39  minute training video on the MACD indicator.  Trader Rick reveals 4 methods to trade the MACD plus one bonus method that is worth checking out.  Read about the MACD training video on the home page under the Traders Club tab.  Pay only a one time price to join the Traders Club and gain access for lifetime to all the training videos as they are rolled out.  Currently there are 5 training videos in the video library.

is price approaching the measured move target in crude?  Find out in today’s video update.

Trader Rick shows two possible patterns in the weekly euro chart that may be developing.

The ES was up strong in post holiday trading on Tuesday.  See what is next in this market.

Good trading!

MACD Methodology

Welcome to the MACD training video.  This video is 39 minutes in length and is a must watch to see if the MACD indicator can further improve your trading performance.  Lots of valuable trading content, and step by step instructions on parameter settings, uses for, and special techniques that you may not have seen elsewhere.

This video is ideal for those who wish to learn the eFutureVision methods, but who prefer using a MACD rather than a Stochastic as their choice of osscilator, or just as another way to complement and refine your existing knowledge of the eFutureVision setups.

Features of the MACD video are:

• 4 methods to use the MACD
• Tips and strategies
• Bonus method that merits watching
• many chart examples

Here is what Traders Club member, Halli A., recently said about the addition of the MACD training video to the video training library…..”I just watched the MACD video. It is excellent. Very informative….I think this one is the best”.

Enhance your trading  performance with eFutureVision.  Sign up today! 

Join the Traders Club today for full access to the MACD training video.

MACD Training Video

Welcome to the MACD training video.  This video is 39 minutes in length and is a must watch to see if the MACD indicator can further improve your trading performance.  Lots of valuable trading content, and step by step instructions on parameter settings, uses for, and special techniques that you may not have seen elsewhere.

This video is ideal for those who wish to learn the eFutureVision methods, but who prefer using a MACD rather than a Stochastic as their choice of osscilator, or just as another way to complement and refine your existing knowledge of the eFutureVision setups.

Features of the MACD video are:

• 4 methods to use the MACD
• Tips and strategies
• Bonus method that merits watching
• many chart examples

Members Login to view this content. (Not a member? Join today!)

Video Update: 21 May

Welcome to the video update for Thursday’s trading.  Trader Rick visits the daily crude continuation chart to update the progress of the measured move that may be in play.  The measured move target is approximately 65.  Since breaking out of a triangle the crude market has been trending higher and this video update shows the current status.

In the euro, Trader Rick takes a look at overhead resistance on the daily chart.  What happens if price pushes thru an approaching fib line?

Not mentioned before is the weekly soybean market but Trader Rick points out what may be an important overhead target.  Seasonal cycles may be a factor too.  If you trade beans, check this chart out.

In the emini, Trader Rick takes a look at today’s action based on the globex 5 min chart.  The fib extensions came in to play in Wednesday’s trading and a common chart pattern is in progress.  The measured move target is revealed in this video update.  A quick look at the daily chart shows what the candlestick pattern was for Wednesday’s trading.  Bearish or bullish implications?

Friday will be a shortened trading day due to the Memorial Day holiday in the US.  Check the closing times for the markets you trade.  Trading will be closed on Monday.  Have a safe weekend!

Video Update: 15 May

Welcome to Friday’s video update.  This will be short and  sweet.  Trader Rick first looks at the weekly Canada chart to keep an eye on where this market closes on Friday.  Most likely the Canada is forming an abc pattern.  Price is approaching the typical fib zone of resistance.  It will be important to see where this week’s candle closes in relation to last week’s candle.  Price this week exceeded the previous week’s high but is threatening to close lower than last week’s close.

In the ES, Trader Rick looks at the fib zone for the 60 min day session chart.  There was also a 3 candle pattern on the 60 min chart that often occurs at trend reversals or the beginning of congestion.  On the daily ES chart, today was a narrow range day.  Does it take place in the buy zone?  Be sure to make note where important support lies in this market

Good trading!

Video Update: 11 May

Welcome to the weekend video update for trading on Monday.  Trader Rick starts with the eurostoxx 50 weekly chart and discusses the significance of price trading outside its upper keltner channel last week and also the overhead resistance not far away.  On the 2700 tick chart Trader Rick illustrates overhead resistance using the fib tool and shows you the first level of support.

The monthly Canada chart shows we are in the sell zone and it starts to become important to watch the price action while price is in the sell zone on the larger timeframes.  The weekly chart shows either an abc in progress or….a dragon pattern could be forming which has important significance if it takes place.   In the crude market last week price finally pushed thru the overhead resistance at 54.67 and is starting to approach a measured move target.  Do you know what the target is?

On the monthly and weekly euro charts Trader Rick talks about what to look for in this market as momentum starts to pickup to the upside.  Learn if the abcd pattern is still a possibility.

Trader Rick takes a quick look at the daily bond chart where previous support became resistance.  Price couldn’t push thru the previous support and later last week price began moving to the downside.

See what lies ahead for the emini….it’s all in this video update.    Good trading!

Video Update: 7 May

Welcome to the video update for Thurday’s trading.  In crude, Trader Rick updates the daily chart from the weekend video update as price is moving higher.  A recent swing high was exceeded this week which has bullish implications.  Trader Rick revisits the measured move pattern that has been discussed severatl times in recent video updates.  If you trade crude you want to be aware what the target is of the measured move.  Do you know where support/resistance is and where the buy zone is?

In the euro, the 2 key moving averages have crossed on the daily chart and now Trader Rick is looking for a buying opportunity IF price dips in the buy zone.

The emini chart shows price moving higher again in Wednesday’s trading.  Tuesday was an OKC day which has significance in regards to momentum.  For more information on the OKC (outside the keltner channel) please visit the Traders Club where details are given on how to access the training videos in the video library.  Trader Rick shows where current support is for the emini.  Do you see the possible inverted head and shoulders pattern?   Dialing down to a 60 min day session chart Trader Rick shows a bearish pattern to be aware of.  Primary and secondary targets are discussed.

Quick lesson in market profile in relation to Wednesday’s trading.  When price opens above and remains above the upper value area (901.75) this has bullish implications and you should be looking primarily for long setups during the trading day.

Good trading!

Video Update: 5 May

In today’s video update Trader Rick discusses the type of trading day Monday was in the emini and what the typical characteristics are so you can hopefully identify this type of day in the future to take advantage of.  The 3 characteristics are reviewed in this video update.

The ES had 3 tradeable slingshots in Monday’s trading and Trader Rick reviews them for you.  Find out what the next major resistance level is in the ES.

Good trading!

Video Update: 4 May

For Monday’s trading, Trader Rick goes over weekly charts for the eurostoxx 50, yen, canada, euro, crude, the Dow and the ES.  Learn what to look for in the coming trading week.

In the yen, see how Trader Rick dials down to a lower timeframe as price approaches the upper keltner channel on the weekly to find a safe entry.  In the Canada, Trader Rick shows what pattern may be forming.  See what is noteworthy on the monthly euro chart.  Trader Rick is still on the alert for an ab=cd on the weekly euro.  In crude, Trader Rick shows the measured move target if price moves upward.  In the Dow and ES, Trader Rick reveals a bullish sign for the coming weeks.

Good trading!