Profits From Our VXX Calls SYMC J-Hook Setting Up

November 15, 2018 by Rick Saddler

Profits From Our VXX Calls

Yesterday we captured profits from our VXX Calls to the bank based on our target plan. Another new low for the SPY yesterday and nearly closing the gap we talked about in the trading room. Closing the VXX calls was based on the probability of a bounce headed our way. The SPY weekly chart is still on the fence with a Blue Ice Failure, but I an not ready to discount the Daily Inverted Head and Shoulders Pattern on the daily chart. It will be important the buyers circle the wagons for a good run before years end. Please note there is still a possibility of a near test of the October lows.

SYMC J-Hook Setting Up

SYMC is setting up a J-Hook continuation trade now that it has seen profit taking the last few days. The price action of the last couple of days shows the buyers are attracted too or rather above the $21.60 line. A bullish breakout of the 200-SMA could potentially push price 14% or higher. We did add to our SYMC position yesterday. I will be adding SYMC to the LTA-Live Trading Alerts Real Time Market Scanner watchlist for a buying alert. SYMC bullish above $22.85, stop below $21.60

****VXX – The VXX came into our swing target area, and we took our profits based on us on the plan.

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11-13-18 eLearning

November 14, 2018 by Ed Carter

Tradeable Tops and Bottoms

In this video, Rick Saddler talks about what exactly makes a tradeable top or tradeable bottom (as opposed to absolute bottoms and tops). This is one of the tools he has used to achieve 321% account growth between January 1, 2018 and October 31, 2018

1 hour 19 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

Is the Sky Falling?

November 14, 2018 by Doug Campbell

Is the Sky Falling?

Is the sky falling Listening to the market reports it would be easy to conclude that the sky is falling! However, if you study price action, there is nothing that out of ordinary concerning the current pullback. After more than a 2000 point Dow rally in just 9-days, the oddity is not expecting one to occur! For all traders, this selloff is unnerving and very uncomfortable, but as long as price remains above October low, the sky is not falling.

In fact, the vast majority of market bottoms are formed this way. They take time, and they are always volatile and trying to fight it is a good way to go broke. As always it will be the institutions with their trillions of dollars that will decide when it’s over not the retail traders! If your being chopped to pieces in this volatility, stop trading. Study price, watch and wait for your edge to return. Better days are coming and when it does there well great stock at discounted prices.

On the Calendar

On the Earnings Calendar, we have nearly 250 companies reporting results today. The bad news is this could add to market volatility with the good news is we are beginning to wind down earnings this quarter.

Action Plan

Some pretty wild price action yesterday with Dow swing more than 325 points from high to low in a very volatile session. The possible silver lining I mentioned yesterday didn’t show itself but looking at the major index charts is still possible as long as prices hold above October’s low. Having said that Bears are still in control and we must remember that anything is possible. Sadly IWM has now officially printed the so-called death cross with the 50-day crossing below the 200-day average.

Currently, futures have recovered from overnight lows and currently suggesting a flat to every so slightly bullish open. When the market downturn began in early October, I said the technical damage could take weeks if not months to repair. I have also mentioned several times that the V-bottom that had been forming after a 2000 point rally in the Dow was very rare an that has also proved to be true. That was not a prediction; it was merely a study of typical price action after a selloff. If I can do it, believe me, anyone can read price action as long as you set aside bias and remain disciplined.

Trade Wisely,

Doug

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

Bullish Engulf with Follow Through BSTI bullish above $5.90, stop below $5.62

November 14, 2018 by Rick Saddler

Bullish Engulf with Follow Through

BSTI found support in the T-Line Bands with a Bullish Engulf and follow through above the 50-SMA and with about 50% to the 200-SMA we have a well organized Rounded Bottom Breakout. The last two candles make up a pattern we call Doji Continuation pattern. I will add BSTI to the LTA-Live Trading Alerts Real Time Market Scanner watchlist for a buying alert. BSTI bullish above $5.90, stop below $5.62

Trading Services We Offer

321% This Year

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Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

Todays Trade-Ideas can be found in the member’s blog post

____________________________________________________________

SPY • New Day Low

Four candles and four new lows, the sellers continue to take from the buyers. Yesterdays Inverted Hammer closed below the 200-SMA but above the upper T-Line Band is acting like support with three higher lows and three higher highs. The weekly chart struggles with the 50-SMA and is trying to print a Bearish “h” pattern. Bottom line the market is a mess right now, I feel my best approach is to take off some risk and work on building a good watchlist.

****VXX – The VXX is still hanging out near the 200-SMA closing yesterday with a Doji on the daily chart. The weekly chart hax VXX in a Rounded Bottom Breakout pattern and PBO Bullish Harami.

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

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

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.

Possible Silver Lining

November 13, 2018 by Doug Campbell

Possible Silver Lining

Without question, yesterday’s selling may have been painful, but is there a possible silver lining? If you take a close look at the DIA, SPY, IWM and even the QQQ could be forming a possible bullish inverted head and shoulders patterns. Of course, we will need to buyers come to hold key support levels to complete the formation, but that is still possible to stay focused on price action.

After more than a 2000 point nine-day rally in the Dow, a pullback should not have been a big surprise. I warned about the possibility in yesterday’s morning video. It was not a prediction but rather just a simple observation of price action, support an resistance that anyone can do if you set aside personal bias. Clearly, volatility remains high, and with futures pointing sharply higher this morning it would be wise to keep that in mind. Don’t rush blindly with a fear of missing out, wait for your edge and trade with a well thought out plan.

On the Calendar

On the Earnings Calendar, we have just over 200 companies reporting to keep us on our toes and volatility high.

Action Plan

I don’t need to tell you that yesterday was a brutal day of selling. The rising dollar, rising interest rates, and declining oil prices seemed to take the blame for the bearishness according to the news. Blah, blah blah. How about the fact that the Dow had gained over 2000 points in just nine days of trading! Anyone that’s been paying attention had to know a pullback was possible. In fact, I would go so far to say that yesterday’s selling was a good thing as long as key support hold.

Let’s remember our overall economy is strong. The GDP is showing 3% growth, and employment continues at historic levels, so it’s not all gloom and doom. The fact remains that the current market is very volatile and that should not be a surprise given the technical damage in the charts. As always the best we can do as retail traders is to stay focused on price action and ready to react without bias no matter the direction.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/LLDVexwqQ3k”]Morning Market Prep Video[/button_2]

Membership Giveaway Night Tonight You must be present at the webinar to win

November 13, 2018 by Rick Saddler

Membership Giveaway Night Tonight

Membership giveaway night! During the Tuesday night eLearning (TONIGHT) November 13, I will give away 2 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 video posted Understanding Candlesticks Basics. You must be present at the webinar to win.

Tonight’s Topic: Trading Tradable Bottoms with Rick

There is a huge difference between what most traders think a bottom is and a tradable bottom. Hope to see you tonight 8:00 pm Eastern Room #4, No password required.

PZZA Pop Out of The Box

PZZA is a Pop Out of The Box pattern on the 2-day chart and a Rounded Bottom breakout pattern on the 2,3,5-day charts. On the 2-Day chart and with solid bullish price action on 10/31 followed by bullish consolidation PZZA is a prime candidate for a swing trade in my opinion. I will add PZZA to the LTA-Live Trading Alerts Real Time Market Scanner watchlist for a buying alert. PZZA bullish above $56.85, stop below $52.70

Trading Services We Offer

321% This Year

LTA – Live Trading Alerts Get your 30-Day Trail
TC2000 Charting Get $25.00 Off
TradeHawk Trading Platform

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

____________________________________________________________

SPY • Pulls Back More

Yesterday was a rough day for the bulls; the SPY had another new low but a higher low so far. The morning futures are trying to support that theory, but the end of the daily candle will tell the story. Yesterday SPY Candle closed back below the 200-SMA and just above the upper T-Line Band. Over the next few days, we might know the winner of that battle. If price can get back above $276.55, the bulls will have a fighting chance to challenge the 50-SMA if not the sellers are ready to bleed the bulls dry. This is a time for extreme caution as I said in yesterdays blog, under $273.40 will be good for the sellers.

****VXX – The VXX challenged the 200-SMA yesterday but could not close over it. Bullish followthrough over the next few days would be a big feather for the market bears.

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

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

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.

11-11-18 The Week Ahead

November 12, 2018 by Ed Carter

The Week Ahead

and 10 Watchlist Tickers

In this video, Steve Risner talks about the volatile markets we are experiencing, all the earnings reports ahead for this week and 10 Tickers to add to your watchlist as he reviews those charts.

1 hour 5 minutes