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

 

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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.

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

9-25-18 eLearning

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The Basic Rules of Trading

In this video, Doug Campbell discusses the basic rules of trading.  Specifically, he focuses on taking stock of your own trading.  Then simplifying, managing yourself and getting back to focusing on price action.

1 hour 24 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

Trend Flag T-Bands V-Stop Price Action AMD bullish above $34.10, stop near $32.50

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Trend Flag T-Bands V-Stop Price Action

What a great set of contributions to have for a trade idea AMD has them all, Trend, T-Bands, V-Stop, Price Action. AMD painted a little Morning Star yesterday with seven days of bullish consolidation. Consolidation setups are made up of 4 basic parts,  #1 The run  #2 the consolidation  #3 The turn to challenge the top  #4 The Breakout. AMD is starting the turn to challenge the top. The CSCO chart is in #4 Breakout. AMD bullish above $34.10, stop near $32.50

 

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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 • Trending 

The Spy found a bottom yesterday and the Lower Blue T-Line band the V-Stop also acted a supporting friend. The bigger trend is still in good shape with the price having a minor profit-taking pullback. A close today over $291.60 would be positive for the bulls. Could be choppy and a slow day today, the Feds are having a party, and the outcome could affect the attitude of the market.

****VXX – The VXX has very few friends lately and yesterday was no exception.

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.

 

 

FOMC Meeting

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FOMC Meeting

FOMC MeetingTrading around an FOMC meeting can prove to be very challenging for most swing traders.  This morning the Futures are putting on a brave face as if the market has no concern about an interest rate increase.  Perhaps that true but remember the market hates uncertainty, and the FOMC Forecast is one of those big unknows that can give the market indigestion.

It is also important to note that light and choppy price action is typical as the market waits for big news events.  Consider that before rushing into positions and adding risk today.  The last thing we want to do is end up in trade trades that sputter and stall ahead of the announcement which often creates wild price action where anything is possible.  Consequently, I want to use an extra measure of caution.  Plan your risk carefully and watch for whipsaws and head fakes with this mornings gap up near market highs.

Trade Wisely,

Doug

Sorry everyone I had a power blink just after writing the morning note and the entire thing was lost.  I quickly rewrote the first two paragraphs but did not have to recreate the entire note.

[button_2 color=”green” align=”center” href=”https://youtu.be/Qicua-G7Drk”]Morning Market Prep Video[/button_2]

 

 

 

AMD Setup and Trade Plan

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Today’s Featured Trade Idea is AMD.

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

AMD has been a long-term bullish trend. The most recent leg up ran strong for a month and then formed a nice Bull Flag that culminated in a Morning Star signal on Monday. Based on long-term charts showing resistance at the recent high area, I will look for a b/o Entry.

I sill use a fairly tight Stop and use the level where a 32.8% Fib Extension of the most recent run-up and a long-term S/R level coincide as my 1st Target. The 2nd Target will be the area where long-term (all-time) highs topped out back in 2006.

Trader Vision tells us that we should have at least a month until the next earnings report. It also shows us that we have 5 bullish conditions (should be 6 since the 3 most recent candles are close enough to a Morning Star signal to call bullish) versus only 1 bearish condition (short-term overall market trend).

TV20/20 allows us to play with position size to find the most profitable size that allows us to stay below our position size threshold…and tells us the amount of risk to Stop that would give us. It also shows us that this plan offers an excellent 3.69 : 1 Reward/Risk at the 1st Target. In addition, if we closed the trade there, TV20/20 tells us we could book $708 in profit. However, if we sell half of the position at Target #1, we can book our Trade Goal profit ($354). If we sell the remainder at Target #2, we achieve an overall 4.25:1 Reward/Risk while booking $816 in profit.

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 AMD Trade Setup – As of 9-24-18

AMD Chart Setup as of 9-24-18

The Trade Plan

AMD Trade Plan for 9-25-18

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/dL5AYOFjK14″ 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.

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

9-23-18 Sunday Look Ahead with Rick

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Sunday Night With Rick

Look Ahead to This Week and…How

He’ll Take His Account to the Next Level

In this video, Rick Saddler a wide range of topics, covering current market conditions, indicators he uses and 20 tickers on his watchlist.  He also takes tickers from the audience and analyzes those charts as well.

1 hour 20 minutes

[video_player type=”embed” style=”1″ dimensions=”custom” width=”640″ height=”480″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”]PGlmcmFtZSBzcmM9Imh0dHBzOi8vcGxheWVyLnZpbWVvLmNvbS92aWRlby8yOTE1MzEyMzEiIHdpZHRoPSI2NDAiIGhlaWdodD0iNDgwIiBmcmFtZWJvcmRlcj0iMCIgd2Via2l0YWxsb3dmdWxsc2NyZWVuPSIiIG1vemFsbG93ZnVsbHNjcmVlbj0iIiBhbGxvd2Z1bGxzY3JlZW49IiI+PC9pZnJhbWU+[/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

Trending Consolidating Pop Out of The Box BSX bullish above $37.90, stop near $37.10

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Trending Consolidating Pop Out of The Box

The trending consolidating Pop Out of The Box has caught my eye today. I have found that a bullish chart in motion stays in motion until you get a sell signal/pattern. BSX has gapped and for the past several days has had tight consolidation, what we call a Pop Out of The Box pattern. The weekly chart has created a Doji Continuation Pattern. BSX bullish above $37.90, stop near $37.10

“Stops are for protection not trading.”

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

[button_1 text=”(RBB)%20Rounded%20Bottom%20Workshop%20October%2017%2C%202018″ text_size=”30″ text_color=”#000000″ text_bold=”Y” text_letter_spacing=”0″ subtext_panel=”Y” subtext=”Click%20For%20More%20Information” subtext_size=”15″ subtext_color=”#ffffff” subtext_bold=”Y” subtext_underline=”Y” subtext_letter_spacing=”0″ text_shadow_panel=”N” styling_width=”40″ styling_height=”30″ styling_border_color=”#000000″ styling_border_size=”1″ styling_border_radius=”6″ styling_border_opacity=”100″ styling_gradient_start_color=”#0028ff” styling_gradient_end_color=”#0028ff” drop_shadow_panel=”N” inset_shadow_panel=”N” align=”center” href=”https://ob124-10cd91.pages.infusionsoft.net/” new_window=”Y”/]

____________________________________________________________

SPY • Trending

If you-you missed Sunday nights “Weekly Look” you can pick the recording up on my YouTube Channel. https://www.youtube.com/ricksaddler

On Friday last week we saw a little pressure on the SPY most likely on the Tariffs kicking in today, pre-market it looks like we see a little follow-through on the pressure. If the Bulls can keep us above $290.90, we should be ok with this nervous profiting.

On the other hand below %290.90 could lead to testing the September lows. On the daily chart, the $290.90 price line cuts right through the V-Stop and still above the Lower T-Line Band.

****VXX – Closed Friday with a positive body Doji below the T=Line and has a red V-Stop on its head. We might see a little chopping around this week in the VXX.

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.

 

 

BSX Setup and Trade Plan

by

Today’s Featured Trade Idea is BSX.

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

BSX has been in a strong bullish trend all year. Over the last week it has been doing a tight consolidation to work off some of it’s over-extension. This forms a Pop Out of the Box pattern.

I will be looking for a breakout Entry using a Stop tight below the box. Targets come from a long-term (8 day) chart and I will look to take profits where the 38.2% Fib Extension and S/R align as well as around the 100% Extension or possibly the $44.75 all-time high level.

Trader Vision 20/20 tells is that we should have a month until earnings. It also shows us that we have 5 bullish conditions and only 1 bearish condition for this chart setup. This makes for a nice trade to consider.

TV20/20 then tells us this trade plan offers a very low risk to Stop-out ($80), but limited reward at the 1st Target price ($195), which still gives us 2.44:1 Reward/Risk. However, if we can sell half at the 1st target and hold the rest to our 2nd target, we can achieve between 4.72 and 5.5:1 Reward/Risk (depending on whether we use the all-time highs as S/R or a slightly more conservative 2nd Target of $43.50).

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 BSX Trade Setup – As of 9-21-18

BSX Chart Setup as of 9-21-18

The Trade Plan

BSX Trade Plan for 9-24-18

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/Awnxtdphils” 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.

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