About Rick

richardgobel     Over the past years, Rick has been specializing in using technical analysis and algorithms to develop day-to-day trading strategies which assist him in the timing of his financial decisions .One of the keys to his success has been seeking out extreme conditions in the action of stocks. Using those extreme set-ups has guided him in initiating long and short positions based on trading algorithms that he monitors for these extreme set-ups. When a stock is at its most extreme overbought condition, it will be flashing between 99-100 on his Extreme Set-Up scale.  And when it is at its most oversold condition, the stock will be flashing between 1-0.The Extreme Set-Up process is a non-emotional trading process that maximizes trading profits with minimal daily trading risk.
Also, this trading process can be used for multiple time frames, including intraday, short-term trading.  We focus on the hourly time frame for our short-term trading, but other times frames may be used.  If trading on a Daily time frame, we make our Strategic Decision based on the Weekly Chart and the Tactical Decision based on the Daily Chart.  It is beneficial to use multiple look-back windows for confirmation.
     Our SST trading process has generated over a 90% success rate since inception, winning trades versus losing trades.
     In addition, Rick was an author at the Street.Com and a former guest on the Fox Business show “Bull & Bears”.
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