VNDA Doji Continuation Pattern VNDA entry bullish buy box or a tradable breakout, stop below $22.90

by

VNDA Doji Continuation Pattern

VNDA is presenting us with a Doji Continuation pattern after finding support near the 200-SMA and a gap that took price from below the T-Line Bands to above the T-Line Bands. The weekly chart is also one to look at with several candle patterns that are well represented. I will add VNDA to the LTA-Live Trading Alerts Real Time Market Scanner watchlist for a buying alert. VNDA entry bullish buy box or a tradable breakout, stop below $22.90

Trading Services We Offer

  1. Hit and Run Candlesticks
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

321% This Year

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. Rick is also one of the only traders in the industry that shares his trading account. Traspaerancey and Trading Results.

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

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

____________________________________________________________

SPY • Closes Over 200-SMA

The SPY has been and still is trying to construct a bottom, above $279.45 this week would be positive for the bulls and below $273.40 good for the bears. The weekly chart is still under our T-Line Bands, and this gives me great concern.

 

****VXX – VXX is flirting with support in the $31.50 area, but without bullish price action, the current direction continues. Over $36.00 and the bulls might have the edge.

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.

 

 

Las Vegas Money Show

by

Las Vegas Money Show

Las Vegas Money ShowGood morning from the Las Vegas Money Show.  Asian markets closed modestly higher across the board overnight, and the European markets are currently mixed but mostly lower this morning.  Consequently, US futures are pointing to a mixed open as I write this.   Keep in mind that bond and currency markets are closed today in observance of Veterans Day.  As a result, don’t be to surprise if price action becomes light and choppy after the morning rush.

Friday’s 200-point Dow sell-off was a reminder that only is volatility still with us but that there is still a lot of technical damage in the chart still in need of repair.  Although we have a lot of earnings reports today with this being a banking and governmental holiday, they may find it difficult to find the volume necessary to move.  Of course, anything is possible so say focused on price action and disciplined to your rules of engagement.

On the Calendar

Due to the observance of Veterans day bonds and currency trading markets are closed today.  The stock market will be open but with most banks and big instructions closed trading could be limited.  There is a Fed Speaker at 2:30 PM Eastern today but nothing on the calendar that would be expected to move the market.

On the Earnings Calendar

There are just over 150 companies reporting earnings today so make sure you continue to check earnings dates against current holdings.

Action Plan

We may find today a challenging day to trade with bond markets and currency markets closed.  With banks and most of the large trading intuitions closed or lightly staffed we could see choppy price action after the morning rush.  As I write this, the US Futures are pointing to flat to a mixed open.   Don’t be surprised if the volume drops off quickly making it difficult for anything to follow-through.

The one thing that could give the market a little boost it’s the more than 150 companies reporting earnings today.  However, I would be careful of a possible pop and drop and keep in mind all the indexes remain under significant resistance levels.  Having said that we also need to keep an eye out for the beginning of a Santa Claus rally.  Historically mid to late November tends to be the time Santa begins to affect so stay focused.  Remember current volatility will likely continue to make swing trading challenging for many traders.  However, if you stay disciplined to your rules, wait for price action and chart patterns to develop there will be an opportunity for profits.

Trade Wisely,

Doug

 

[button_2 color=”green” align=”center” href=”https://youtu.be/V2yPnkzv09E”]Morning Market Prep Video[/button_2]

Special Session – Short-Term Trading

by
[img_text_aside style=”1″ image=”https://hitandruncandlesticks.com/wp-content/uploads/2018/11/sp.jpg” image_alignment=”left” headline=”” alignment=”center”]Special session where we talked about short-term trading and following a simple plan.

[/img_text_aside] [button_2 color=”green” align=”center” href=”https://youtu.be/eXCyexZwFFc”]Special Session – Short-Term Trading Video[/button_2]

Market Bias

by

Market Bias

Market BiasIs your market bias robbing you of profits?  As a trading coach, I answer questions almost every day from traders that fail to see the price action clue in the chart due to bias.  Perma-bulls dreaming of a Santa Clause rally, fail to see the possibility of a pullback even after a 2000 point rally in just 8-days.  Perma-bears are just as negligent believing that the market has gone up so much that it has to come down.  Have you ever failed to close position moving strongly against you because, darn it, you have to be right!

We all have, and that’s just one clue that bias is keeping you from success.  Fighting the market is an exercise in futility!  The truth is the market could care less what you think you know about technical analysis, candle patterns or indicators.  Set your bias aside and take the time to study the price action of the chart.  The clues are always there if your bias is not in the way clouding your view of the price action.

On the Calendar

calendar

With the majority of earnings reports completed for this quarter, the number of reports will begin to drop significantly.  Today there are 119 companies reporting.

Action Plan

Selling in Asian markets overnight has translated into European market also lower across the board this morning.  As a result, US Futures which held up quite well most of the night began to react very negatively early in the morning.  As I write this, the Dow is indicated to gap sharply lower in response. However, a pullback after such a steep rally is not a surprise, and I expect many traders are already short in anticipation.

At the close yesterday, the VIX was beginning to respond to price support.  The gap down this morning could once again bring some fear into play so plan for volatility to remain elevated.    With the FOMC indicating another rate hike next month and the ongoing uncertainty of China trade negotiations, a substantial market pullback is possible.  Unfortunately, due to the huge rally, finding support could mean a nasty swing lower.  Let’s hope all the market needs is a restful consolidation!  Stay focused on price action and as we head into the weekend, plan your risk carefully.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/xrKBgO6ko9I”]Morning Market Prep Video[/button_2]

SPY Closed With A Doji

by

SPY Closed With A Doji

Yesterday closed with a doji: note the last two candles are pushed right up against resistance; There is a high probability of profit taking today. Looking backward at yesterday’s candle you can see that the previous candles are trying to form an inverted head and shoulders, as you know it’s all about the follow through. The current price action is trapped below the 50-SMA and above the 200-SMA making the easy trade observation. The bulls need to find the energy to close us over the 50-SMA While the sellers will be trying to push his back below the 200-SMA.

****VXX – Yesterday the VXX found a little support on the 50-SMA, we may see a bounce maybe to the $34.50 area.

Membership Services

  1. Hit and Run Candlesticks
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

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.

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

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

____________________________________________________________

 

 

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.

 

 

Daily Flagpole Weekly Bullish Engulf QNST entry bullish buy box or a tradable breakout, stop below $16.75

by

Daily Flagpole Weekly Bullish Engulf

The daily flagpole and flag are a weekly Bullish Engulf with a high mounted Doiji or what we call a Doji Continuation pattern set up. For about the past eight months QNST has been in a slow upward base construction mode and has finally broken out. I will add QNST to the LTA-Live Trading Alerts Real Time Market Scanner for a buying alert. QNST entry bullish buy box or a tradable breakout, stop below $16.75

Membership Services

  1. Hit and Run Candlesticks
  2. Right Way Options
  3. Top Gun Day Trading
  4. 30-Day Trial

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.

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

 

Featured YouTube Video What Petra has to say about us

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

____________________________________________________________

SPY • Closes Over 200-SMA

Yesterday the SPY, on a very decisive day closed above the 200-SMA on greater volume than the past two days. We have a Bullish Inverted Head and Shoulder bottom with price approaching the 50-SMA. When approaching the 50-SMA, it’s pretty normal to see a disturbance between the buyers and sellers. Listen see to what price action is suggesting, become friends with price action, maybe trading will be easier.

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

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.

 

 

QNST Setup and Trade Plan

by

Today’s Featured Trade Idea is QNST.

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.

QNST made a major Bullish move on earnings 10/31 and then followed-through the next day. It has consolidated the following 3 days, bouncing off Support and the Bulls showed they are stepping back in strongly on Wed. If you squint, this J-hook pattern could even be called a Mat Hold signal.

On positive trading, I will look to Enter with a tight Stop. The Targets are defined off the Weekly chart.

Trader Vision shows us that earnings are out of the way and we have nearly 3 months to work with on this trade setup. It also shows us this chart gives us 5 Bullish and only 1 Bearish (overall market long-term bias) condition.

TV20/20 tells us this Trade Plan offers a very low Risk ($115.50) to Stop and a good Reward ($375.75) at the 2nd Target. It also told us we would achieve 2:1 Reward/Risk at the 1st Target and that we can achieve the Trade Goal between Targets #1 and #2.

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 QNST Trade Setup – As of 11-7-18

QNST Chart Setup as of 11-7-18

The Trade Plan

QNST Trade Plan for 11-8-18

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/vsyBdRoCVGI” 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.

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