Today’s Featured Trade Idea is ANF (Short).

You can read more about this trade in Rick’s blog post here.  Members can also see his detailed review in the trading room at 9:10am Eastern.  For now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

ANF printed a Doji Continuation (sandwich) signal Friday inside a Rounded Top Breakdown pattern. Using a tight Stop (above Resistance) I have planned a 3 target potential trade that can give us 2:1 Reward/Risk at the first Target and 3:11:1 if all 3 Targets are reached. 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 ANF Trade Setup – As of 6-29-18

The ANF Trade Plan (Short) for 7-1

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the overall risk of the position size, risk to Stop out and Reward possible at each Target we see this trade offers between 2:1 and 3.11:1 Reward/Risk Ratio.  Knowing the Risk is low and the potential Reward good.  Knowing the Risk, Reward and how far a stock must move to reach our goal…before a trade…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…

With market action expected to be light on Monday and Tuesday (in front of the July 4th Holiday) we are opening up the trading room to the public.  So, please be our guest and jooin us for some free education.  The planned schedule is below and you’ll find our community has a good time while accomplishing a lot.   Here is a direct ling to the trading room.

Date: Tuesday – July 3, 2018

9:10am – 10:00am ET – Rick Saddler – Opening Bell

10:00am – 11:00am ET – Steve Risner – Gap Trading and 45 Degree Runners

11:00am – 11:30am ET – Doug Campbell – RWO Option Trading

11:30pm – 12:30pm ET – Ed Carter – The Value of Trade Planning and Live Trade Planning

12:30pm – 1:00pm ET – Rick Saddler – Trade Setups, Chart Analysis and the Closing Bell

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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