Welcome to the video update for Monday, October the 4th. Trader Rick will take a look at some monthly charts to get the big picture look for the month ahead. First chart up is the EUR/USD pair monthly chart where price is now in the sell zone. Watch price action closely as we are near […]…
Welcome to the video update for Monday, March the 22nd. Continuing our discussion of framing the markets, Trader Rick looks at the eurostoxx 50 13500 volume chart where price completes an abc pattern after making a swing high. Price tests the same basic level of resistance 3 times then either continues higher or retreats. This […]…
Welcome to the video update for Friday, March the 5th. The EUR/USD pair weekly chart looks like it may end this week with another doji, the 4th week in a row. This market is in big time hesitation mode! The various moving averages overhead provide resistance so if price moves up in to the sell […]…
Welcome to the video update for Friday, the 26th of February. If you are a bond or note trader please start moving to the June contract (M). Ok, first up is the daily Canada chart where we have two patterns under watch. One is the ab=cd pattern. The other? Trader Rick discusses the weekly EUR/USD […]…
Welcome to the video update for Friday, December the 4th. This video focuses on gold and the stock indexes and the first chart up is the gold weekly continuation chart which shows gold continues to accelerate to the upside, trading outside the upper keltner channel, what Trader Rick calls OKC. Note where the 1.618 fib […]…