T-Line Regression Lines Introduced Rounded Bottom Breakout Workshop

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T-Line Regression Lines Introduced

This week I introduced the T-Line Regression Lines to Hit and Run Candlestick members. You can pick up recording on Youtube on how to set them up on TC2000. Don’t forget to subscribe and click the subscribing bell.

It’s Friday and another great week of trading is about over. The SPY weekly chart (closing Thursday) has painted a Doji above the T-Line, and the T-Line is in a bullish trend. This weeks Doji close is slightly lower than the previous candle close suggesting the bulls have been under a little pressure. The market had to endure the FOMC announcement this week and trade is still haunting the market.

The SPY, Di’s and QQQ’s are trending well with the T-Line bull, and the QQQ’s are painting a Bullish Engulf. IWM is not doing so well with a price below the T-Line and testing the T-Regression Line Low.

My big winner this week was PZZA with a 135% Call Option profit. PZZA is an RBB setup, a huge favorite of mine. On October 17, I will be presenting a workshop on the RBB setup. To learn more about it click here

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Membership Services • Private 2-Hour Coaching

 

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.

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UAA Bullish Above $20.80, Stop $20.30 Price Action Bullish Morning Star T-Line Regression

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UAA Bullish Above $20.80, Stop $20.30

UAA bullish above $20.80, Stop Near $20.30 UAA daily chart price action – Bullish Morning Star, pop over the T-Line Regression Lines and five a month downtrend line breakout, support and rest with a Billish Engulf yesterday. UAA weekly chart price action – (RBB) Rounded Bottom Breakout, test the Dotted Duece, PBO to the 50-SMA, Bullish Engulf with Doji Continuation over the downtrend line. UAA is looking like a 16% stock trade to the June highs with profit zones along the way. The option trade could be in the 80-100% area.

 

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 “Base Hits Wins The Game”

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

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SPY 

The SPY tested our Lower T-Line Regression Line yesterday and held only by skin. The V-Stop and price action is suggesting we see a bit more weakness. Too much weakness and we could see the $288.15 and $286.40 areas which would be a test of the January highs.

****VXX – Tuesday the VXX painted a Bullish Engulf and yesterday the paint continued with bullish follow through.  At this rate, we might see price action reach for the T-Line Regression Lines, over the green one and we better buckle up.

Focus Trading Education

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

Subscription Plans • Private 2-Hour Coaching

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.

 

 

Price Gyrations

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Price Gyrations

Price GyrationsThe market experienced the typical price gyrations after the Fed put all its card on the table yesterday afternoon.  Sellers were expressing their disappointment at the close, but this morning the Futures are trying to open the day positive.  With several market-moving reports before the open anything is possible and swing traders may still find it difficult to find an edge this morning.

Overall trends are still bullish, but the bulls are currently struggling to find inspiration with the Fed projecting more rate increases on the way.  However, the bears are also struggling and thus far have not had the inspiration to maintain a serious threat.  As the indexes test the strength of current trends, watch for the potential of quick reversals and whipsaw.  Our edge will return, but we must wait for it and avoid forcing trades as the market thrashes around trying to find a directional conviction.

On the Calendar

A very busy day on the Economic Calendar today.  At 8:30 AM we have four potential market-moving reports. Durable Goods Orders, GDP, International Trade in Goods and Jobless Claims.  Also at 8:30 AM, Corporate Profits, Retail Inventories, and Wholesale Inventories.  Pending Home Sales come out at 10:00 AM followed by the EIA Natural Gas report at 10:30.  The Kansas City Fed Manufacturing index is at 11:00 AM with 3-Bond events between 11:00 AM and 1:00 PM.  We have two Fed Speakers this afternoon with Kaplan at 2:00 PM and the Fed Chair at 4:30 PM.  Farm price @ 3:00 PM with the Fed Balance Sheet and Money supply to close the calendar day at 4:30 PM.

On the Earnings Calendar, we have 19 companies reporting today.  Before the bell, CAG, CCL, MKC, and RAD are among those reporting.  After bell AEHR & CAMP reports along with three others.

Action Plan

After the Fed announced a 25 basis point rate increase and suggested, there are four more possible increases possible the launched into its normal gyrations but ended the day with the market expressing some disappointment.  The Dow closed down 106 points but stopped short of breaking the current uptrend.  The SP-500 and the NASDAQ also ended the day with sellers in control but held onto the bullish trends at the close while the Russell slid sharply south closing below its short-term trend.

Asian markets closed down across the board with European markets currently flat to mostly lower.  US Futures continue to sing from the same sheet of music pumping up for a bullish open this morning.  However with 8-Economic Reports an hour before the open, four of which are potential market-movers anything is possible.  The best we can do is wait and watch for a directional conviction.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/-Sa8wh03umQ”]Morning Market Prep Video[/button_2]

UAA Setup and Trade Plan

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Today’s Featured Trade Idea is UAA.

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

UAA has been in a downtrend all summer. This includes several failures to break the downtrend. In the last week, a Trader’s Best Friend Signal started the last run up to retest. This time, UAA broke through and held a S/R level. Finally, on Wed. it printed a Bullish Engulfing signal that broke through and closed above the downtrend.

I will be looking for an inside day buy (on a successful retest of the downtrend), using a Stop below the S/R level that held the last 3 days. The 3 target prices come from S/R levels seen in daily and longer-term charts and represent a run up to the pre-downtrend highs.

Trader Vision shows us we should have a month until the next earnings report. It also tells us we have 3 Bullish (should be 4) and 3 Bearish Conditions. The larger number of bearish conditions is to be expected since this ticker has been in a downtrend for a few months.

TV20/20 tells us this trade plan offers a low risk ($105) to Stop, while giving a nice Reward potential at each of the 3 Target prices. If we follow this plan, we can achieve an overall trade of almost 5:1 Reward/Risk, while making almost 12% profit and banking $521.50 in gains.

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 UAA Trade Setup – As of 9-26-18

UAA Chart Setup as of 9-26-18

The Trade Plan

UAA Trade Plan for 9-27-18

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, 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/UV4fTplXrCY” 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

 

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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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CDNA Broke Out Bullish Above $28.15 CDNA bullish above $28.15, stop near $25.90

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CDNA Broke Out Bullish Above $28.15

CDNA break out, and we are bullish above $28.15, stop near $25.90. CDNA has been trading flat for the past fourteen days, nine of which were in the T-Line Channel. For the past eleven days the V-Stop has run flat, and yesterday the candle and the V-Stop popped. Price broke out yesterday after a little Flag. Looks to me the price action is suggesting the next bullish leg is starting. CDNA bullish above $28.15, stop near $25.90

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 “Stops are for protection not trading.”

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

____________________________________________________________

SPY • FOMC Announcement Today 

For some today will be a great day for trading and for otheres it might be a nightmare. Did you know you know  you have the control?

Happy Day

For those that are going to have a great day trading you have prepared for FOMC announcement, and you are likely an experienced trader and have a solid plan on how you’re going to handle today.

Nightmare Day

Here are four traits for those that might live a nightmare today. 1. You might have too many positions on and too much invested in them. 2. You will likely chase candles off the hard right edge. 3. You will likely over trade. 4. You will likely pay no attention to your stops.

****VXX – The VXX painted a Bullish Engulf yesterday,   I will be watching price action and the T-Line Channels today.

Focus Trading Education

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

Subscription Plans • Private 2-Hour Coaching

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.

 

 

Rate decision and forecasts.

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Rate Decision and Forecasts

Rate decision and forecasts

Yesterdays light choppy and somewhat confusing price action across the indexes was not too surprising as we wait for the FOMC interest rate decision and forecasts.  As I suggest was possible the gap up yesterday in the Dow produced a pop and drop pattern and this morning is set up very much the same the way.  After the opening rush, light choppy price action is likely to resume until the FOMC decision which normally produces very fast price swings that even challenge every experienced intraday traders.

Up-trends are still bullish and other than the Dow; indexes continue to hold above key supports.  Unfortunately, ahead of such big potential market-moving news adding risk gives up your edge and becomes a straight up gamble for swing traders.  As a result, I have reduced my holdings and plan stay that way until my edge returns.  Plan your risk carefully because anything is possible.

On the Calendar

A big day on the Wednesday Economic Calendar gets started early with the Mortgage Applications report at 7:00 AM Eastern.  The New Home Sales report at 10:00 AM Eastern expects a 630K reading in August little changed from the 627K in July.  At 10:00 AM is the Investor Confidence Index report followed by the Petroleum Status Report at 10:30 AM.  Then at 2:00 PM Eastern is FOMC Announcement and Forecasts with the Fed Chair Press Conference starting at 2:30 PM.

On the Earnings Calendar, we have ten companies stepping up to report results.  Of all the reports today the likely most notable will be after the close when BBBY reports.  If you’re not already in the good habit of checking earnings report against current holding now would be a good time to start.  Fourth quarter earnings season is just a few weeks away.

Action Plan

Another day of challenging price action with the DIA selling off while the QQQ worked to go in the opposite direction.  The SPY and the IWM took another day of rest choosing to chop sideways on lower than average volume.  Expect more light choppy price action as the market waits for the FOMC decision on rates as well as the Forecast.  After the announcement expects some very wild price action that could include several reversal signals over the following hours.  Choose your risk carefully.

Futures are once again pointing to a gap up open.  Don’t get caught up in the hype chasing the open especially ahead of a big news day.  Yesterday the Dow produced a pop and drop pattern as I suggested was possible, and this morning the same possibility exists.  I’m going into the day, light in my account and plan to stay that way because adding positions ahead of the FOMC is giving away all my edge as a swing trader.  As one of our former presidents once said, it wouldn’t be prudent.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/PHupSsI4zxc”]Morning Market Prep Video [/button_2]

CDNA Setup and Trade Plan

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Today’s Featured Trade Idea is CDNA.

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

CDNA has been in a strong bullish trend since April 2017. The most recent leg was a strong bullish run lasting a month and a half, ending in consolidation over the last couple weeks. On Tuesday, CDNA broke out of that consolidation.

I will be looking for the trend to continue and looking for an Entry about where it closed on Tuesday. I will use Fibonacci Extension Targets since we are at all-time highs. These seem more than reasonable, when compared to the 2 most recent bull swings (as shown by the green rectangles). I’ll use a Volatility Stop as my initial Stop-loss, which is just below a potential Support area.

Trader Vision tells us that earnings are out of the way and we have 1.5-2 months until the next report. It also shows us that we have 6 bullish conditions and no bearish conditions for this chart setup.

TV20/20 tells us that this trade plan offers a little higher risk than normal ($225), but also gives a good Reward/Risk (2.4:1) ath the 1st Target. In fact, we could sell the entire position at that point and easily reach our Trade Goal. (The goal can actually be reached almost $2 prior to Target #1.)

However, if we can sell half at Target #1 and hold the other half until Target #1, we can achieve a 3.17:1 Reward/Risk. That would give us a 25% ($712.50) profit overall, which stacks up well versus the $225 initial risk to being Stopped out.

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 CDNA Trade Setup – As of 9-25-18

CDNA Chart Setup as of 9-25-18

The Trade Plan

CDNA Trade Plan for 9-26-18

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, 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/ibXo5oQB38I” 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.

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