Welcome to the video update for Monday, March 28th. Looking back on the weekly Silver chart, Trader Rick reviews the 9/30 aggressive buy setup that resulted in a potential profit of about 9 dollars or $45k. Note also the slingshot and the MACD buy setups. If you are a position trader these are key things to […]…
Here is your video update for Thursday, March the 24th. The dragon pattern is a favorite trading pattern of Trader Rick. Today the ES formed a dragon pattern and reached full target by the end of the trading day. Using an overnight globex 5 min chart, Trader Rick illustrates the requirements for a dragon pattern and […]…
Welcome to the video update for Monday, March 21st. We’ve been following the dragon pattern on the weekly Canada chart since 2009 when the pattern was identified as a possibility. we’ve witnessed price breaking out of the ‘head’ pattern to the upside and now after many weeks, Trader Rick discusses the target of this pattern. […]…
Welcome to the video update for Monday, March the 14th. Tuesday at 2:15pm est is the FOMC announcement. First chart is the 30 year 984 tick bond futures where we are watching the ab=cd pattern for support. D target comes in at the 120 area. If price drops below 120 then look for support at […]…
Welcome to the video update for Monday, March the 7th. Note that the currencies will be rolling over to the June contract this week and the stock indexes roll on Thursday to the June contract. Symbol M. First chart up is the EUR/USD pair weekly chart where last week put in the highest close since […]…