FEYE 2-Day Bullish Engulf FEYS bullish above $19.05 Stop below $18.20

November 1, 2018 by Rick Saddler

FEYE 2-Day Bullish Engulf

FEYE has printed a 2-day Bullish Engulf after a bullish pullback. Mid August FEYE started its turn from bearish to bullish, and the current Bullish Engulf on the 2-day chart or gap on the daily chart is the clue I need to add FEYE to our watchlist. Also take a look at the weekly chart, if that doesn’t excite you. I don’t know what will. Current trade: FEYE bullish above $19.05 Stop below $18.20 targets $21.00 $23.60. Our trade ideas are found using TC2000 Software

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Understanding Candlesticks Q-Why don’t Candlestick signals work every time?

A-Reversal patterns are more clues of what could come, rather than what is.

Q-What is follow through?

A-Follow through is when price action moves higher than the clue candle.

Q-What is positive trading?

A-Positive trading is when price action works within the clue candle range

Candlesticks within a tight chart pattern are building a candle in a longer time frame

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Good Trading, Rick, and Trading Team

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SPY • Price In The Band

The recent price action of the last few days was a clue that the buyers are starting to circle, yesterday’s gap held fairly well into the closed above our lower T-Line Band. The futures are pointing a little higher this morning. In a perfect world, I would like to see the SPY closed up above our upper T-line Band Which is about $275 .70, of course by then we’re going to need a little profit taking and that could set us up for our low high/higher low and higher high chart pattern. Once above upper T-Line Band, the $280.00 price target is possible.

Bottom line is if the bulls can keep this up we could soon see the T-Line Bands turn positive, if not a test of the recent low.

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****VXX – The VXX chart is still a bullish chart pattern and can raise it’s head anytime. We did buy a few PUTS on it yesterday for a quick trade.

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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.

FEYE Setup and Trade Plan

November 1, 2018 by Ed Carter

Today’s Featured Trade Idea is FEYE.

Be Careful: Markets gapped higher Wednesday and had a decent run, but all of them closed leaving high wicks. The DIA failed a test of its 200sma and even on a +1-2% day, it did not seem like the Bulls were in control. Just remember the trend is still Bearish until we have a higher low and higher high.

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.

FEYE is coming off a nice gap-up day (on earnings) and continues to put in higher- highs and higher lows recently. However, it did pull back from resistance Wed.

I will wait on it to prove $19 is no longer resistance with a Stop protected by the $19 and $18.25 S/R levels. Targets were defined of the Weekly chart.

Just be cautious as this still has resistance above and the overall market is still in a Bearish trend (despite nice gap-ups yesterday).

TV20/20 tells us we have 3mo. until the next earnings report. It also shows that we have 3 Bullish and 3 Bearish conditions (2 of the bearish being overall market trends long and short-term).

Trader Vision also shows us that this plan (waiting 3.5% for FEYE to prove it can break out) gives us a good Reward/Risk of 2.29/1 at the 1st Target. However, if we can sell half there (to lock in profits) and hold the remainder until the 2nd Target we can achieve 3.82/1 ($487.5 / $127.50) overall.

FEYE must reach just above Target #1 ($21.38) in order to achieve the Trade Goal for this account.

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 Trade Setup – As of 10-31-18

The Trade Plan

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.

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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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Volatility Continues

November 1, 2018 by Doug Campbell

Volatility Continues

Markets are once again gaping higher this morning as this wild ride of volatility continues. With nearly 450 companies reporting earnings today and a busy economic calendar, anything is possible. Price resistance did its job yesterday rejecting the days high. This mornings gap brings the price right back up to those same price resistance levels. I intend to very cautious this morning and will watch price action closely to see if this gap is actually going to be supported by buyers.

Keep in mind AAPL reports this afternoon and we have the Employment Situation report before the open on Friday even more volatility risk for those holding positions into today’s close. Remember mid-term elections are next week, and the trade issues with China continue. Think about that as you plan your risk heading into the weekend.

On the Calendar

We have a huge day on the Earnings Calendar with nearly 45 companies reporting. Some of the notable earnings for today are: AGIO, AIG, ALL, AMAG, AMCX, AME, AMGP, AMRN, APA, AR, ARES, AROC, ATH, AWK, BCE, BID, BLL, BMCH, BSIG, CBRE, CF, CHD, CI, CJ, CLI, CMP, CNO, CNQ, CNSL, D, DM, DNOW, DWDP, EPZM, ESRT, ESRX, FISV, FND, FRAC, GEL, GLOG, GLPI, GNRC, GOV, HBI, HCC, HGV, HPP, IDXX, IIVI, INAP, INGR, IT, JHG, KRG, KW, LITE, MAA, MAC, MD, MDU, MGP, MMP, MOH, MPC, MPLX, MPW, MRC, MSCI, MT, MTDR, NBL, NE, NFX, NI, NNN, NTCT, NXPI, NYT, O, OMF, OSK, PAH, PBH, PBI, PENN, PGTI, PH, PKI, PPC, PPL, PWR, QRVO, RDS.A, RDUS, RGLD, RPT, RYN, SEE, SFM, SHPG, SNDR, SPOT, SSNC, STAY, STOR, SU, TEVA, THS, TPX, TRP, TS, TVPT, UFS, USCR, VECO, W, WCC, WMB, WPX, WTI, WYND, XPO, ZTS.

Action Plan

Asian markets closed mixed overnight, but European markets are currently bullish across the board. While I love the bullish enthusiasm in the US Futures this morning, I’m want to extra cautious about the possibility of a pop and drop today. AAPL reports this afternoon, and we have the Employment Situation number coming in Friday morning before the open. If that’s not enough to give you a little pause, then answer this question. What’s changed? The trade war tensions are still there; the mid-term elections are still on the horizon, and earnings reports have been far from stellar.

Please understand I want the market to go up, but I will only believe it when I actual buyers are supporting the gap after the open. Until then I will remain cautious remembering that volatility is still very high and with more than 400 earnings reports that anything is possible. Keep a close eye on resistance levels as we move up to test.

Trade Wisely,

Doug

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10-30-18 eLearning

October 31, 2018 by Ed Carter

Working with Candlesticks

In this video, Rick Saddler talks about candlestick signals and how those often translate into patterns in other timeframes. He also explains the 4 Questions a Trader should about the Candlestick signals they see.

Why don’t candlestick signals work every time?
What is follow through?
What is positive trading?
How do patterns in one timeframe relate to signals in another timeframe?

(1 hour 26 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

AGX 2Day Setup and Plan Beware this market!

October 31, 2018 by Ed Carter

Today’s Featured Trade Idea is AGX (This is planned/analyzed off a 2Day chart…not normal practice for me.)

Be extremely cautious trading this market! We are seeing 4-6% daily ranges in the indices and while the bears are in control of the trend, we may be seeing exhaustion selling (leading to a potential bounce).

WARNING: This is analyzed and planned off a 2-day chart as an exercise with my partner Rick Saddler. Not a normal practice.

AGX is both an RBB and J-hook b/o pattern. I will look for an Entry about where it closed Tuesday and a Stop below Support. The Targets are defined off 2day chart as well.

If executed as planned, it would yield a 3.65/1 Reward/Risk.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

The AGX Trade Setup (2-day chart) – As of 10-30-18

The Trade Plan

To see a short video of this trade’s chart markup and trade planning, click the button below.

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2 and 3 Day Rounded Bottom Breakout Trade Alert – Adding To Watch-list

October 31, 2018 by Rick Saddler

2 and 3 Day Rounded Bottom Breakout

AGX is a 2 and 3 Day Rounded Bottom Breakout with a trend made up of Higher/Highs and Lower/Lows. I can also see a Bullish price action rounded bottom forming. On June 27 and September 7 the buyers showed there hand and price had been bullish ever since. AGX bullish above $45.35 Stop below $44.05 targets $50.50 $54.35

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Last nights drawing for the free membership to Hit and Run Candlesticks was exciting and went great. We gave away 3 HRC Memberships, 3-Monthly and 2-Quarterly.

We will be giving more memberships away in November, here’s how to register for a free membership: (everyone is eligible, but you must register by going to My YouTub channel, write a comment in the comment area of any one of the last three videos and give a thumbs up if you liked the video. Thank you

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Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

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SPY • Bullish Piercing Candle

Yesterday the SPY closed with a Bullish Piercing Candle, reading a Piercing Candle:

Definable downtrend in progress.
The first candlestick is a black or bearish candlestick.
The second candlestick is white or bullish. This candlestick opens below the previous day’s black candlestick and closes above the midpoint of the previous day’s white candlestick.

The bulls are not out of the woods just because they printed a Piercing Candle; it will be important that the bulls show strength and follow through along with a constructed bottom. All of this may take days or even weeks to accomplish. Remember the trend is still negative.

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****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.

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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

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.

Possible Follow-through?

October 31, 2018 by Doug Campbell

Possible Follow-through?

Possible Follow-through? Bullishness in the Asian and European market has the US Futures suggesting the first possible follow-through rally in nearly a month! Certainly exciting to see but as the indexes challenge price resistance levels, we can’t rule out the possibility of profit-taking. As a result, traders will need to say on their toes focused on price action and aware of the current market volatility.

As earnings continue to roll out this morning, keep in mind that anything is possible. We have recently experienced the pain caused by chasing into a gap up open that ultimately sells off the rest of day. Please understand I’m not hoping for or suggesting that will occur. I’m merely pointing out the possibility and that traders need to remain thoughtful of the risk and prepared for anything this volatile market tosses our way. Have a plan and trade with a stop!

On the Calendar

On the Earnings Calendar, we have over 250 companies reporting earnings today. Among the most notable today: ACGL, ACOR, ADP, AEE, AMGN, ANTM, APC, APO, APTV, BAX, BG, BGS, BHE, BIDU, BJRI, BXP, CAKE, CDW, CG, CHRW, CIM, CLVS, CLX, CONE, CRTO, CVE, CXO, DDD, EA, EBAY, EIX, EL, EPD, ESIO, ETR, EXAS, EXC, EXR, FB, FEYE, FLT, GM, GRMN, H, HCLP, HCP, HES, HFC, HLF, ICE, ICPT, IGT, INN, IQ, K, MDR, MGM, MXIM, MXL, NBR, NCR, NTRI, NUVA, OI, OKE, OMI, ORBC, PAYC, PBF, PDM, PSA, QNST, RDC, RDN, RPAI, RRR, RXN, SC, SEND, SF, SFLY, SITE, SNY, SPR, SPWR, SSW, TAP, TEL, TMHC, TMUS, TTMI, VOYA, VRSK, WEC, WES, WLL, WNC, YUM, YUMC, ZEN

Action Plan

Could we actually get two bullish days in the row? Big gains in Asian markets overnight with European decidedly bullish this morning has US Futures currently suggesting a gap higher of more than 100 points. Unfortunately, with such a big gap, we have to be on guard for the possibility of a pop and drop as the indexes challenge the downtrend and price resistance levels. Consequently, be careful chasing into the morning gap until we see real buying supporting the new level.

Of course with more than 250 companies reporting earnings a lot could change by the open. Continue to plan for high volatility, fast price action, and whipsaws. As the indexes and individual stocks test, upper resistance levels remember to take some profits to the bank.

Trade Wisely,

Doug

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Trade Alert

October 30, 2018 by Doug Campbell

Good Morning team.

The market is finally trying get a bounce and the move seems pretty broad based this morning. Be careful with your short positions! Also keep in mind that volatility is likely to produce some big swings.

With that in mind there are stocks showing good signs. INTC is past its earnings and has successfully broken its downtrend. The bid/ask spread are wider than normal but take a look at the JAN contracts between 70 and 80 deltas.

I have mentioned TUP before but it has now tested the downtrend trend break and is showing signs of buyers stepping in at support. Options on this stock are not good so its if your interested its better to just trade the stock.

MCD moved big on earnings this quarter and has now pulled back and buyers are coming in at price support. A DEC 170/165 Put Credit spread or just a straight directional might be in order. Personally I favor the JAN contracts.

Watch carefully for an intraday pullback. IF, it holds a higher low there may be an opportunity to buy some IWM calls for a quick rally.

KO reported well today and is now breaking resistance. The JAN 45 Calls look very tasty right now.

Once again this is very early and trading this much volatility is not for the faint of heart. Consider that before taking on any new risk.

Remember all trade ideas are for your evaluation and consideration.