STOCHASTICS-RSI For a Sharper EDGE
Stochastics -RSI has been widely used by many but none with the accuracy and consistency of my good friend and colleague Steve Risner. Steve will be sharing how he uses Stochastic/RSI and a grouping of 3 moving averages to trade for a living. Steve will proudly show you one of his accounts that he increased from $51,642 to $55,807 in one month.
3-Day Chart Morning Star
The buyers on AAOI has produced a 3-Day Chart Morning Star buys signal. The daily chart is now an (RBB) pattern a little Inverted Head and Shoulder buyers pattern. With 3 bars over the 50-SMA followed by moving averages turning up. The plan now that price has closed above the downtrend line is to wait for an appropriate rest (consolidation) and a buy signal. Use (RBB) Rounded Bottom Breakout Rules.
Live Members Morning Prep starting at 8:45 AM Est. With Steve Risner and Rick Saddler at 9:10 am this morning. members morning briefing
IWM 13% • SHLD 57% • FOSL 11% • IWM 49% • CVEO 29% • GE 11% • ANF 56% • CREE 51% • FLO 3% • VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% • QQQ 28% • QQQ 179% • TWTR 180% • VXX 375% VIPS 118% • WTW 21.9% •
SPY • Earning Season is Here
On April 4 the SPY painted a Bullish Engulf that kicked the recent bullishness into gear. As of the close Friday, the price has managed to close above the Dotted Duece, 20-SMA and the T-Line. If the bullishness in the pre-market futures can hold and build the 50-SMA may get challenged. The overall goal is to challenge the extended downtrend line that runs from the January highs to the March 13th high.
****Earnings Season is Heating Up*****
With the market showing a little more strength the VXX is falling asleep (for now). The VXX still has the potential to wake up.
Rick’s Trade-Ideas Reserved for Members
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Focus Trading Education
Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning, Fibonacci, Stoch/RSI
To learn more about our trading tools join us in the trading room or consider Private Coaching.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.
Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.
*************************************************************************************
Comments are closed.