Swing Trade Ideas July 15, 2015

One of Today’s Featured Trade Ideas

ORIG/Long (Oil gas drilling)  ORIG is now set up for our Bullish Pinball Strategy starting with the hammer on July 7, followed by consolidating Doji’s that did create a slight high followed by a low on the 13th that closed with a hammer candle, and then yesterday bullish follow-through over the T-Line and the recent high with about 18% to the Pinball Strategy target.

ORIG Trading Plan  (Entry, Stop, Target)  Click Here
Possible entry plan idea:   The buy box $4.70 – $5.05
Possible stop plan idea:   A close below T-Line
Possible target area:  $5.30-ish, $5.75-ish

Something to think about:
Rule #15 Patience
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Marubozu Candlestick Pattern

Simplicity. It’s a lovely word and a very calming concept. After studying lots of complex candlestick patterns, it’s always nice to get back to the basics. Much like the Doji, the Marubozu candlestick pattern is a one-candle, easy-to-spot signal with a very clear meaning. It comes in both a bearish (red or black) and a bullish (green or white) form, and it commands attention with its long and sturdy shape. To learn more about how Marubozu candlesticks form, why they form, and what they can tell you about the current state of the market, please scroll down.
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