11-6-18 eLearning

November 7, 2018 by Ed Carter

Define Your Risk With Options

In this video, Doug Campbell talks about how a trader can truly define the amount of risk they take by using Options.

1 hour 21 minutes

[video_player type=”embed” style=”1″ dimensions=”custom” width=”640″ height=”480″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player]

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

Investing and Trading involve significant financial risk and are not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service

Election Results

November 7, 2018 by Doug Campbell

Election Results

Judging by the bullishness of the US Futures the market is pleased with the election results. At the open, the Dow will have recovered more than 1700 points in just 7-days to test its 50-day average as resistance. Truly an amazing accomplishment but raises the questions is it too much to fast and are we overextended in short-term? Only time will tell but be careful chasing the morning gap at the open in case profit-takers capitalize on the bullish windfall.

Expect very fast price action as the market turns its attention to the more than 1000 companies yet to report earnings results this week. Also, keep in mind that the FOMC begins its 2-day meeting today to adding some market stress as we wait for their decision on Thursday afternoon. A big gap like this can generate a lot of emotion and a fear of missing out. As a result, we need to stay focused on price action and disciplined to your rules to win the day.

On the Calendar

On the Earnings Calendar, we have more than 400 companies reporting earnings today. Expect considerable volatility as a result.

Action Plan

Finally, the mid-term elections are behind and although there were some major changes the US Futures indicate that the market is happy with the results. As of this moment, the Dow is pointing to a gap up of more than 150 points, but let’s remember that the more than 400 companies reporting earnings today could easily change that significantly before the open.

With the election out of the way, the market will once again focus on earnings results, trade negotiations and of course the FOMC which begins its 2-day meeting today. The morning gap will propel the DIA high enough to test its 50-day average as resistance. The SPY looks to recover it’s 200-day average this morning with the QQQ looking to open very close to its 200-day while the IWM lags significantly behind them all. As happy as the market appears this morning, please keep in mind that this recovery still has a tremendous amount of work to repair the technical damage in the charts. Expect very fast price action today and the potential of a pop and drop if profit takers capitalize on the big morning gap.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/hU91f88XKtk”]Morning Market Prep Video[/button_2]

Bullish Morning Star Suggest FND bullish in the buy box or a tradable breakout, stop below $31.12

November 7, 2018 by Rick Saddler

Bullish Morning Star Suggest

Yesterday Bullish Morning Star suggest the bulls are interested it pushing price higher. FND was in bad shape until the bullish gap a few days ago. And with positive trading, the days following FND has become an RBB setup with about 37% to the RBB stretch target. I will add FND to the LTA-Live Trading Alerts Real Time Market Scanner for a buying alert. FND bullish in the buy box or a tradable breakout, stop below $31.12

Membership Services

Rick’s Trading Tools

Rick uses three main trading tools and has dialed them in for max performance. Rick also freely shares his insights on what makes the tools the best and how to use them. Check them out.

Featured YouTube Video – Trading The T-Line Trap

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

____________________________________________________________

SPY • Bummer The Election is Over…LOL

Ok the results are in, now the market can do what it does best! At yesterdays close the bulls presented us with a Bullish Morning Star (type) pattern and an Inverted Head and Shoulder pattern. Based on the pre-market futures we are going to see bullish follow-through. And remember it’s more about how we draw our conclusions more from the close than anything during the day. Be warned the bulls still need to push through the daily 200-SMA and weekly 50-SMA.

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

****VXX – Yesterday the VXX slid through the 200-SMA and closed weak, watch for a bounce.

YouTube Videos

Trading at the Beach • How to set up the T-Line Regression Lines • MetaStock Automated • Trading the T-Line Trap • Shorting the Blue Ice Pattern

Testimonial

This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do. –Jonathan Bolnick

Rare to have a service teach you how they find their choices but, HRC/RWO teach you how to fish instead of fishing for you. And, your ideas are not panned but shared, implemented, or improved. Sharing is caring. –Thomas Bradly

Past performance is not indicative of future returns

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, Right Way Option, Trader Vision 2020, Top Gun Futures or Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor do they offer trade recommendations or advice to anyone.

FND Setup and Trade Plan

November 7, 2018 by Ed Carter

Today’s Featured Trade Idea is FND.

Be Careful: With the Fed Meeting on Wed-Thu and a lot of earnings the next couple days…markets will likely be volatile. Just remember the trend is still Bearish until we have a higher low and higher high.

Members can join us in Trading Room #1 as Rick reviews this 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.

FND had been in a long-term downtrend. However, it reported earnings on 11/1, experiencing a violent and volatile reversal to break up into an RBB pattern. After consolidating for 2 days to retest the 50sma the next two days, the Bulls stepped in on Tuesday to form what can be seen as a Morning Star (and/or a Bullish Engulfing signal) on Tuesday.

I will look additional confirmation with an Entry above Tuesday’s High and a Stop below Tuesday’s Low and the 50sma. The Targets were chosen based on the Daily and Weekly charts.

Trader Vision shows us the earnings are out of the way, giving us 3 months until they come around again. It also shows us this trade setup has 2 Bullish and 3 Bearish conditions (should be 4 Bullish) as the Bearish pattern is a false read and while not technically a Bullish signal, it is close enough.

TV20/20 shows us that this Trade Plan offers moderate Risk to Stop ($170), but good potential Reward ($563) for a 3.31:1 Reward/Risk overall. However, it also tells us we can achieve the trade goal for this trade even before reaching the 1st Target. And if we do reach that 1st Target, we can get a 2.31:1 Reward/Risk at that point.

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 FND Trade Setup – As of 11-6-18

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, the 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.

[button_2 color=”light-green” align=”center” href=”https://youtu.be/bLD4Z46DmzQ” new_window=”Y”]Trade Plan Video[/button_2]

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

[button_2 color=”orange” align=”center” href=”https://hitandruncandlesticks.com/product/trader-vision-20-20-monthly-subscription2/” new_window=”Y”]TV20/20 Software[/button_2]

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

***************************************************************************************************

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.

***************************************************************************************************

All about the Mid-Term

November 6, 2018 by Doug Campbell

All about the Mid-Term

All about the Mid-Term Everywhere I look I see another talking head trying to predict the outcome of the mid-term election. To be honest, that’s far easier to do that than trying to predict how the market will react to the results! What I can say with 100% certainty is that no one knows what that reaction will be and trying to trade it is straight up gambling. As traders, we all gamble from time to time but let’s be honest with ourselves and have our eyes wide open if you choose to do so today.

It’s highly likely the market will gap Wednesday morning substantially. Which means all trades held through the close today are at a higher than normal risk. If you do decide to add risk today, I suggest you keep the positions small to minimize the losses if your guess of the market reaction is incorrect. Also, keep in mind that you don’t have to play the guessing game! There is no shame in standing aside protecting your capital and waiting to trade the reaction when you have a better edge.

On the Calendar

On the Earnings Calendar, we have more than 350 companies reporting today. Keep checking and stay focused on the number of reports grows even more through Thursday.

Action Plan

Asian markets caught a bit of bounce last night but by the close finished mixed. European markets, however, are all slightly bearish this morning and that sentiment seems to have translated directly to the US Futures market. Although futures are currently suggesting a modestly lower open, that could easily change due to all the earnings reports. I would normally expect a considerable amount of volatility but with the market waiting on mid-term election results price action may be choppy and subdued.

While many are trying to predict the election outcome its impossible to know how the market will react. However, react it will, and likely with a big gap up or down on Wednesday morning increasing the risk of every position we hold. Carefully consider that risk if you plan to enter new positions today or carry any positions into the close today. As a result, it’s very unlikely that I will be trading today except for the possible quick intraday trade to take advantage of volatility and stave off the boredom of an election day market.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/_1Bf7zJWxqo”]Morning Market Prep Video[/button_2]

Bullish Candlestick Belt-Hold and RBB Setup PPC bullish in the buy box or above, Stop below $19.00.

November 6, 2018 by Rick Saddler

Bullish Candlestick Belt-Hold and RBB Setup

PPC is a Bullish Candlestick Belt-Hold and RBB Setup, PPC gapped down the other day and came back closing with a Belt-Hold and Bullish Engulf. The recent price action is a clue that buyers are in favor of PPC going higher. Right now we are looking at about a 20% trade. PPC bullish in the buy box or above, Stop below $19.00.

Featured YouTube Video

Trading The T-Line Trap

Membership Services

Trading Tools Used To Capture 360% This Year

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

____________________________________________________________

SPY • Mid-Term election Day!

Finally mid-term election day, enough with those obnoxious ads that do nothing other than trash the other candidate.

So yesterday closed with a Spinning Top Doji inside day. Price also below the 200-SMA, the first order of business for the bulls will be to get price action above the 200-SMA, and the first order of business for the bears is to keep the price below the 200-SMA. Remember 80 of the stocks follow the SP-500

Free YouTube Education • Subscription Plans • Private 2-Hour Coaching

****VXX – Is sitting on the 200-SMA, VXX is a great clue to market fear.

YouTube Videos

Trading at the Beach • How to set up the T-Line Regression Lines • MetaStock Automated • Trading the T-Line Trap • Shorting the Blue Ice Pattern

Testimonial

Past performance is not indicative of future returns

Rick Saddler, Doug Campbell, Ed Carter, Steve Risner is not a licensed financial adviser nor do they offer trade recommendations or advice to anyone.

PPC Setup and Trade Plan

November 6, 2018 by Ed Carter

Today’s Featured Trade Idea is PPC.

Be Careful: With elections today, Fed Meeting on Wed-Thu and a lot of earnings the next couple days…markets will likely be volatile. Just remember the trend is still Bearish until we have a higher low and higher high.

PPC has formed a bottom since about August 1, breaking into an RBB pattern on a huge Belthold / Bullish Engulfing signal on 11/1. After a day of mild, indecisive profit-faking it printed another Bull Engulf Monday. (It is technically no longer an RBB pattern because there is just less than 10% remaining between price and the 200sma. However, it is close enough for government work.)

I will look for it to prove it can break the 19.45 resistance and Enter with a tight Stop. Targets are defined off Daily/Weekly S/R levels above. Be aware it will need to break through the 200sma to reach Target #2.

Be cautious of the market with Elections today, the Fed on Wed.-Thur. and many Earnings to come this week.

TV20/20 tells us that this trade has Earnings out of the way. It also shows us this chart setup has 4 Bullish and only 2 Bearish conditions. (It could also be considered an RBB with 9.8% of space up to the 200sma left.)

TV20/20 also tells us this plan offers very low Risk ($70) with moderate gain potential ($225). This gives us better than 2:1 Reward/Risk at Target #1 and 3.2:1 at Target #2. If this can fit your goal per trade, this is a nice setup and plan to consider.

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

The PPC Trade Setup – As of 11-5-18

The Trade Plan

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

[button_2 color=”light-green” align=”center” href=”https://youtu.be/yCyljLnsmuw” new_window=”Y”]Trade Plan Video[/button_2]

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

[button_2 color=”orange” align=”center” href=”https://hitandruncandlesticks.com/product/trader-vision-20-20-monthly-subscription2/” new_window=”Y”]TV20/20 Software[/button_2]

Testimonial

***************************************************************************************************

Call Options – Trade Planning E-Learning

November 5, 2018 by Doug Campbell

[img_text_aside style=”1″ image=”https://hitandruncandlesticks.com/wp-content/uploads/2018/11/Call-options-thumbnail.jpg” image_alignment=”right” headline=”” alignment=”center”]In this E-Learning session we drilled into the details of planning Call Options trades, placing them and managing them in a disciplined way.

[/img_text_aside] [button_2 color=”green” align=”center” href=”https://youtu.be/93T2VwSslJA”]Call Options – Trade Planning – E-Learning Replay[/button_2]