J-Hook PBO Continuation Pattern HZNP • Bullish swing trade above $21.05 • Stop 20.40

by

J-Hook PBO Continuation Pattern

The past eleven days HZNP has been constructing a J-Hook PBO Continuation Pattern. The breakout of $18.00 sent HZNP on a 14.5% run followed by a rest and profit taking. Once again the T-Line and Price Action have teamed up to work together. The past four days price action and with the help of the T-Line has printed four higher lows within a J-Hook continuation pattern. A breakout of $21.05 would set the J-Hook pattern in motion, bullish follow through would suggest the buyers are looking for the next higher levels for profit taking.

Trading Tip – Sell or trim some profits off as price reaches important levels.

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

 

This link takes you to a project account that Rick started so members and students could see how it works Monthly Trading Results updated the first week of each month. 2

What will Rick and Members be looking at today? A 246% plus increase in 7 months can’t be all wrong. Start your trading education with one of our services.

Stocks • Options • Futures

[button_2 color=”red” align=”center” href=”https://hitandruncandlesticks.com/become-a-member/” new_window=”Y”]1 Year Futures Trading and Education Service – Sale Ends 8/31/18[/button_2]

____________________________________________________________

SPY • 3-Day Morning Star Signal

The SPY closed higher yesterday with three higher lows and highs in line with August 7, 8, 9. The premarket this morning has come less the 1% of smacking the January 2018 high. Our Red, White and Blue chart, (3,8, and 34 MA’s) suggest the bullishness is alive and well as of yesterdays close. Price action with the higher highs and lows also suggest the same. Using candlesticks price action on the 3-day Morning Star signal, about $283.50 is our support line. Of course, a close above $286.60 would put the SPY at an all-time new high. This week we have FOMC meeting and the Jackson Hole meeting.

The T-Line

With Price, the action was closing higher yesterday, and the T-Line following the T-Line also made a new high the T-Line has made an ALL TIME NEW HIGH closing at $284.05 yesterday.

****VXX – Price action fell back and closed below the T-Line last week, as long as the price is below the T-Line and 34-EMA fear will stay cold.

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 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 Resistance Hurdle Price Resistance Hurdle

by

Price Resistance Hurdle

Price Resistance HurdleAfter an exuberant news driven reversal of 700 Dow points, the Bulls face the tough price resistance hurdle to set new record highs in the SPY, QQQ, and IWM.  The current momentum certainly favors the Bulls, but we must always have a healthy respect of resistance and remember that the Bears rarely give up without a fight.  Plan your risk carefully and remember buying at resistance is a risky business if the Bears rally in defense.

Asian markets were mixed but mostly higher overnight while European markets are decidedly bullish this morning.  Consequently, the US Futures are currently pointing to a modestly bullish open.  With a light morning on Earnings Calendar and no major Economic reports standing in the way the path to a breakout appears open if the Bulls can find the energy.

On the Calendar

We coast into this week’s Economic Calendar with a very light day and no expected market-moving reports.  At 11:00 AM we have a Fed Speaker and a Bond Announcement.  Then at 11:30 AM there are two Bond Auctions.

The Earnings Calendar this Monday morning shows 46 companies are expected to report.  The most notable before the bell is EL with AABA reporting after the market close.

Action Plan

After a very volatile week where Wednesday’s panic reversed to jubilation on Thursday moved the Dow 700 points higher to challenge resistance by the close on Friday.  With the Asian and European markets mostly higher, current Dow Futures suggest a bullish open kicking off this weeks trading.  The big question is will the Bull have the energy to punch the SPY, QQQ, and IWM through to new record highs.  The DIA still has a lot of work to do if it intends to set a new record, however, a breakout and hold above the March high certainty setup the opportunity to do so.

It would be great to see the momentum of this current rally breakthrough resistance levels.  However, we must set aside our bias and plan our day with the very real possibility that the Bears could defend price resistance!  After a 700 point 2-day rally, a rest or pullback would not be out of the question.  Remember buying at resistance comes with a higher risk so plan your trades carefully.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/kN666rMlsOI”]Morning Market Prep Video[/button_2]

Bullish Engulf Price Action Above T-Line IRDM • Bullish Swing Trade above $20.45 • stop $19.80

by

Bullish Engulf Price Action Above T-Line

IRDM saw a little profit taking last week that pushed price down to the T-Line where price action formed a Bullish Engulf above the T-Line. The following three days price held above the Engulf’s low suggesting the bulls wants the price to move higher. Price has also started a 4-day T-Line Run. We will consider a trade above $20.45 with two swing targets about $21.95 and $22.85 with a stop of about $19.80. A breakout and follow through on IRDM would start the next leg.

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

This link takes you to a project account that Rick started so members and students could see how it works Monthly Trading Results updated the first week of each month.

What is Rick is adding to his trade watchlist today? A 246% plus increase in 7 months can’t be all wrong. Start your trading education with one of our services.

Stocks • Options • Futures

____________________________________________________________

SPY • T-Line Run Starting

Last week the SPY painted a Hammer using the 34-EMA as a springboard. Thursday and Friday price action closed above the T-Line poised to challenge the August highs. Last week was another week that suggest we are still in a slow bullish crawl. $286.00 is now the number the buyers need to win over, a close back below the T-Line would suggest the 34-EMA or the rising trend line would get tested.

The T-Line

As long as the trend rises and price action is above the T-Line, we will remain bullish. Watch for the first few price pullbacks for a test and follow through.

****VXX – Price action fell back and closed below the T-Line last week, as long as the price is below the T-Line and 34-EMA fear will stay cold.

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 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.

 

 

IRDM Setup and Trade Plan

by

Today’s Featured Trade Idea is S (Sprint).

Members can hear Rick’s detailed review in the trading room at 9:10am Eastern.  For now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

IRDM has been in a strong uptrend since mid-May. This month it made another leg higher and then took some profits in a very reasonable pullback from All-time highs.  I will be looking for a J-hook b/o with a tight Stop below the bodies of the Wed-Fri. candles, using Fib. Ext. Targets since we’re at all-time highs.

Trader Vision 20/20 shows us that earnings are out of the way. It also says we have 5 Bullish conditions and only 1 Bearish condition in this Setup.

TV20/20 then shows us that this Trade Plan does net us more than 2:1 Reward/Risk at the 1st Target, but we’d need to get 25cents above that Target to reach our Trade Goal. If we can hold half the trade until the 2nd Target, we essentially get a 3:1 Reward/Risk ($389/$130). All-in-all, this makes for a nice little trade on a breakout.

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 IRDM Trade Setup – As of 8-17-18

IRDM Chart Setup as of 8-17-18

The Trade Plan

IRDM Trade Plan for 8-20-18

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/B_VdoCSQlj8″ 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.

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

Reading Price Action

by
[img_text_aside style=”1″ image=”http://hitandruncandlesticks.com/wp-content/uploads/2018/08/Price-Acton-Thumbnail.jpg” image_alignment=”left” headline=”Reading%20Price%20Action%20-%20Uncovering%20the%20clues%20for%20better%20result%24%208-18-18″ alignment=”center”]In this Public E-Learning session we dove into price action and how to effectively trade trends for better results.  Price is always giving us clues and marking up a chart with support, resistance and trend can help you find those tasty profits your looking for.

[/img_text_aside] [button_2 color=”green” align=”center” href=”https://youtu.be/K7ZTHAxnwok”]Reading Price Action and Uncovering Clues for Better Results Video[/button_2]

Managing Positions Based on Price Action

by
[img_text_aside style=”1″ image=”http://hitandruncandlesticks.com/wp-content/uploads/2018/08/Managing-Positions-Based-on-Price-Action-Thumbnail.jpg” image_alignment=”right” headline=”Managing%20Positions%20Based%20on%20Price%20Action%208-4-18″ alignment=”center”]In this session we cover how we can better manage and even enhance positions by focusing on price action.  It requires a bit more focus but, Hey, we all want to get the most out of a trade.  Right!

[/img_text_aside] [button_2 color=”green” align=”center” href=”https://youtu.be/SEOJa4zhAAo”]Managing Positions Based on Price Action Video[/button_2]

Back to the Basic’s E-Learning 7-21-18

by
[img_text_aside style=”1″ image=”http://hitandruncandlesticks.com/wp-content/uploads/2018/08/Back-to-the-Basics-Thumbnail.jpg” image_alignment=”left” headline=”Option%20Basic’s%20Members%20E-Learning%207-21-18″ alignment=”center”]In this E-Learning session we went back to basics of Options.  To be a good options trader you first have to build a strong foundation.  Even for an old options trader like me it never hurts to go back and review the basics!

[/img_text_aside]

 

[button_2 color=”green” align=”center” href=”https://hitandruncandlesticks.sharefile.com/d-s884cc18e56642678″]Option Basics E-Learning 7-21-18[/button_2]

Do You Want The Traders Lifestyle

by

Do You Want The Traders Lifestyle

How would you like to average a 35% profit each month on your trading portfolio?

Well if the answer is yes, you can. Hi, my name is Rick Saddler. I do an average 35% a month or 246% for the past seven months. Here are five techniques I use.

  1. Base hits.
  2. Profit into strength.
  3. Price action. Do you truly understand Price action?
  4. Chart patterns. Do you truly understand Chart patterns?
  5. Charts that are trending or starting to trend.

Look your not going to learn to trade, or what it takes to trade in just a few days it takes time, and the true desire to want the lifestyle. LOL, and it is a great lifestyle. Click on the Road To Wealth link below if you want to see my trading account statement. That’s right I practice what I preach, and I don’t mind sharing the good or the bad. Yes, we all have bad days weeks or months.

Trading Results

Our “Road to Wealth” Account Statement is posted on the website for you to see and follow. 2018 YTD (Through) July) +246% See for your self. Want to learn more about how Rick Saddler does it?

HRC Trading Tools I Use

Smart Phone APP

Go to your APP store and download “HRC Trading.”

Every Day Charting – TC2000

Trade Planning – Trader Vision 2020

Trading platform and Brokerage

Trading Platform – TradeHawk

Brokerage – Tradier

Stock Only Trades – Flat $16.00 per month

Stock and Option Trades – Flat $159.00 per month

Contact Us if you have questions

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.

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