Today’s Featured Trade Idea is THS.

Members can join us in Trading Room #1 as Rick reviews the THS setup and other Trade-Ideas at 9:10am Eastern.  For now, here are my own analysis and a potential trade plan made using our Trader Vision 20/20 software.

THS has been in an uptrend since Spring. After a summer pullback, the Bulls have been running again in August. Then a short profit-taking J-hook was completed last week, ending in a Doji Continuation signal at the b/o level. On Monday, it printed another Doji just above the b/o.  I will be looking for a continuation of the bullish run, with an Entry near Monday’s close and a Stop set below a shelf of Support. Two targets are defined off longer-term charts.

Trader Vision shows us that earnings are out of the way and we have about 2 months until they come around again. It also tells us that this setup has 5 Bullish conditions and 1 Bearish condition (short-term symbol trend) in favor of this chart.

TV20/20 also shows us that this Trade Plan does provide us more than 2:1 Reward/Risk at the 1st Target. However, if we can follow this plan, selling half at that 1st Target and holding the rest up to the 2nd Target, we can achieve 3.36:1 ($498.56/$148.20) Reward/Risk. In addition, TV20/20 tells us that THS only needs to reach $58.86 in order to sell the positions and make our Trade Goal profit.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The THS Trade Setup – As of 9-10-18

The Trade Plan

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the ratio of Bullish Conditions to Bearish ones as well as the overall risk of the position size, risk to Stop out and the Reward possible at each Target price can help a great deal with controlling our emotions.  Knowing the dollar impact of every scenario ahead of time, allows us to make calm decisions during the trade.  It really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

Put the power to Trader Vision 20/20 to work for you…

Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G

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Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. No communication from Hit and Run Candlesticks Inc. is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

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