Membership Giveaway Night Tonight dwt Bullish above $6.85 Stop below $6.50

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Membership Giveaway Night Tonight

Membership giveaway night! During the Tuesday night eLearning (TONIGHT) October 30, I will be giving away a couple of free memberships to Hit and Run Candlesticks (everyone is eligible, but you must register by going to My YouTub channel, give a thumbs up and write a comment or ask a question in the comment area of any one of the last three videos. No need to be present to win

Today’s Featured YouTube Video is Japanese Candlestick Trading Strategy: Please don’t forget to subscribe to my FREE YouTube Channel

Trade Alert – Adding To Watchlist

DWT is presenting us with an RBB- Rounded Bottom Breakout setup. DWT is a 3x Inverse Crude ETF that has been down-trending for over a year. The current chart pattern looks set for a challenge of the 200-SMA which is 26% away. Currently a POOTB setup and above the V-Stop. DWT bullish above $6.85 Stop below $6.50 targets $7.55 $8.05 $8.75

Are You A Day Trader?

Top Gun Day Trading is a new division of Hit and Run Candlestick division. Check it out FREE until, October 31.

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

____________________________________________________________

SPY • 38.2% Fib Pullback

Did you know the SPY has pulled back to it’s 38.2% Fib line? Starting at the breakout and test line at $208.70 11/4/16 and ending $292.95. 2018 is turning out to be a slop and chop year but but over all has been good for traders. 2016 and 2017 was easy to make money, 2018 is simply requiring our rules and education be applied.

As far as yesterday’s price action goes, the trend is still in favor of the sellers. SPY below $273.30 is bad for the bulls and filled with slip and chop.

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

****VXX – Still shows more fear than not. FYI-Just because you have a trading account and you hear and see everyone talking about trades does not mean you should be trading.

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.

 

 

Oversold?

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Oversold?

OversoldI see a lot of conversation in the press, and across social media using the term oversold.  While that might be true, oversold does not automatically translate into bullishness or a reason to rush into risk!  Take a close look at the daily charts, and you will see there is currently nothing in the price action that should engender confidence that the bulls are ready to take control.  Remember the fear of missing out is an emotion and not a valid reason to buy!

If you do in fact, set aside bias and speculation it’s not hard to see that the price action could easily point to another leg lower.  My point is to avoid gambling on the rumor mill and wait for proof in the price action that the bulls are supporting price before risking your hard earned capital.  Also, keep in mind that with the VIX still showing considerable fear and nearly 1200 earnings reports this week volatility will likely produce overnight reversals and nasty intraday whipsaws.  Plan your risk carefully!

On the Calendar

The Economic Calendar is off to a quick start this week with the potential market-moving Personal Income and Outlays report at 8:30 AM Eastern.  According to consensus estimates, personal income and consumer spending increased 0.4% in September.  The core PCE which excludes food and energy expects a subdued 0.1 percent monthly increase with a year-on-year gain of 1.9 percent. After that, we have a Fed Speaker @ 9:45 AM, the Dallas Fed Mfg. Survey @ 10:30, and 4-Bond Events between 11:00 and 11:30 AM to close the calendar day.

We have a very busy week on the Earnings Calendar with this Monday off to a fast start with 140 companies reporting.  Some of the more notable are for today are AMG, BAH, BLMN, CDAY, CTB, DAN, FDC, OIS, PCH, RAMP, SIR, TSEM, YNDX

Action Plan

Expect volatility to remain high this week with nearly 1200 companies reporting earnings.  Fear is also a factor the market will have to continue to deal with VIX holding above 24 by the Friday Close.  Internally the market appears to be in an extreme oversold condition, but with such high volatility, traders will likely find the price action very challenging.  Overnight market reversals, intraday whipsaws and very fast price action to common in this market condition so plan your risk very carefully.

Technically the major indexes managed to hold important support levels on Friday, but the but the overall price action was not exactly confidence building.  Although I’m hoping for a relief rally from this oversold condition, I’m not ruling out the possibility of another leg down in earning continue to disappoint.  An oversold condition does not an indication of bullishness and to assume such is gambling on wild speculation.  Wait for a price action proof that the bulls are supporting price if you decide to trade and have a willingness to hold through nasty price whips.

Trade Wisely,

Doug

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SCHN Setup and Trade Plan Caution Advised!

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Today’s Featured Trade Idea is SCHN.

That said, this is a very whippy and volatile market, which also has a ton of earnings coming today and this week.  Personally, I will sit on my hands.  However, if you take this trade be very watchful and fast to take or preserve profits.

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.

Be very careful if you take this trade.  This is a week to sit on your hands given market volatility (whiplash) and heavy earnings reports.

SCHN has formed a bottom and broke into an RBB pattern. It printed a strong candle Thursday on earnings and a very volatile (long-legged) Doji on Friday. This potentially sets up a Doji Continuation pattern (sandwich) for Monday.

If I took this, it would be with an Entry long just above current resistance (making it potential support) and with target defined by weekly chart S/R levels.

As we can see TV20/20 is telling us this is a risky trade, without a great Reward/Risk. It does show that earnings are out of the way. However, only 1 Bullish condition in the face of 4 Bearish ones must give us pause.

The trade plan itself is also marginal, but could be acceptable. We had to use very tight Entry and Targets (relative to Support/Resistance. However, with htose tight parameters, the trade could at least get us 2.82:1 Reward/Risk at the 2nd Target…albeit without making the trade goal for this trade/account.

So use caution. This could simply be a pass…especially given the very volatile market we have right now and all hte earnings coming this week.

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 SCHN Trade Setup – As of 10-26-18

SCHN Chart Setup as of 10-26-18

The Trade Plan

SCHN Trade Plan for 10-29-18

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/qVVJeRxZkQQ” new_window=”Y”]Trade Plan Video[/button_2]

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

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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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Big Profits From Rounded Bottom Breakout

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Big Profits From Rounded Bottom Breakout

SCHN is presenting us the possibility of big profits from the Rounded Bottom Breakout. The Bull Kicker from last week is now an RBB setup with a Doji continuation pattern. Price action is over the 50-SMA and the V-Stop has turned green. I currently see a 15-20% trade depending exactly where it is entered and closed.

Tuesday Night GiveAway

During the Tuesday night eLearning October 30, I will be giving away a couple of free membership (everyone is eligible).  Register by going to My YouTub channel, give a thumbs up and write a comment or ask a question in the comment area of any one of the last three videos. No need to be present to win

Today’s Featured YouTube Video is Japanese Candlestick Trading Strategy: Please don’t forget to subscribe to me FREE YouTube Channel

Are You A Day Trader?

Top Gun Day Trading is a new division of Hit and Run Candlestick division. Check it out FREE until, October 31.

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

____________________________________________________________

SPY • Friday Doji

The SPY found a new Friday with about 3.25% trading range from top to bottom. The long-legged Doiji Friday like the candles preceding it is still in a downtrend controlled be the sellers. So what would the chart look like if the buyers could turn it around? 1) Price would be above the downtrend line. 2) The V-Stop would be green and below the Price Action. 3) You would see at least on Higher Low and Higher Higher High.

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

****VXX – The VXX looks as if it may want to rest a few days

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.

 

 

10-28-18 Sunday Session Prep for Week Ahead

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Volatile Markets, Earnings Galore,

and 20 Watchlist Tickers

In this video, Doug Campbell talks about the volatile markets we are experiencing, all the earnings reports ahead for this week and 21 Tickers to add to your watchlist as he reviews those charts.

1 hour 2 minutes

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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

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[img_text_aside style=”1″ image=”https://hitandruncandlesticks.com/wp-content/uploads/2018/10/Long-Call-Thumbnail.jpg” image_alignment=”left” headline=”” alignment=”center”]In this E-Learning session we take a focused deeper dive into the Direction Strategy of  Long Call Options.

[/img_text_aside] [button_2 color=”green” align=”center” href=”https://youtu.be/kaD0WITxYT8″]Long Call Options – Directional Strategy – E-Learning Replay Video[/button_2]

 

 

VXX Remains a Bullish Chart

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VXX Remains a Bullish Chart

The VXX chart remains a bullish chart pattern, yesterday in the trading room I mentioned that as long as the VIX is a bullish chart pattern, the market will remain bearish.

Holly cow, another 300 point drop this morning in the DOW, and a test of yesterdays low.  And we are flirting with January 1, 2018 numbers. The SPY and the DIA charts are bearish patterns even with the Harami that printed yesterday.

The 80/20 rule has been a valuable rule for me over the years, 80% of stock follow the SPY/SP-500, something to think about.

YouTube Education

Today’s Featured YouTube Video is How To Setup The T-Line Bands; Please don’t forget to subscribe to my FREE YouTube Channel.

New Live Day Trading Room Open House

Top Gun Day Trading is a new division of Hit, and Run Candlesticks with its very own trading room. Come check it out until October 31, for free. Login Here

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Past performance is not indicative of future returns

Happy Friday!

Good Trading, Rick, and Trading Team

Membership Services • Private 2-Hour Coaching

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Past Performance Is No Guarantee of Future Results

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 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 does he offer trade recommendations or advice to anyone.

 

FANG has a Cavity

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FANG has a Cavity

FANG has a CavityIt would appear that after the very disappointing earnings results from AMZN and GOOG that the so-called FANG has a cavity.  Indeed a very big cavity that spread its pain all around the world.   Both, Asian and European market are both lower this morning.  US Futures indicate that yesterday’s 400 point Dow rally will be completely wiped out this morning with an ugly gap down open.

As painful as this might be for you this morning I want to leave you with a positive thought as we head into the weekend.  Good stocks are falling to fire-sale prices which mean there will be some amazing bargains when this is over.  For most traders, the best course of action in such high volatile times is to stand aside and protect your capital.  If you try to fight it, your money will disappear.  Better days are on the way, just be patient and wait for your edge to return.

On the Calendar

We have a light day on the Friday Economic Calendar, but it begins with the heavyweight market-moving GDP 8:30 AM report.  The consensus estimate expects a 3.3 percent annualized vs. 4.3 percent in the second quarter. The GDP price index is seen declining to 2.0 percent vs. the 3.0 last reading.  Consumer Sentiment is expected to show confidence to remains very strong with a reading of 99.0 in October.  We wrap up the calendar week with the Baker-Hughes Rig Count at 1:00 PM.

On the Earnings Calendar, there are 67 companies expected to report results.

Action Plan

With the hugely disappointing results in the big tech earnings after the bell futures are pointing to a very nasty gap down this morning.  AMZN is currently indicated to lose more than $170 a share from yesterdays close with GOOG close behind dropping nearly $70 a share.  It would seem FANG has a huge and painful cavity!

Yesterday’s 400 point Dow rally looks to be completely wiped out at the open today.  The big question now on the mind of the market; Will Thursday’s low hold as support? If not the next strong level of support is about 600 points lower in the Dow and 75 points lower in the SP-500.  The pain has spread around the world with Asian markets closing sharply lower and European markets all in the red this morning.  With a 400 point overnight reversal, expect very fast price action and the possibility of panic selling if the supports fail.  Better days are coming, and with stocks dropping to fire sale prices there will be a great opportunity when this is over.  Have a great weekend everyone.

Trade Wisely,

Doug

 

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