Manage Your Inventory Like You Own It

August 10, 2018 by Rick Saddler

Manage Your Inventory Like You Own It

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Love trade and profit

Manage your inventory like you own it. There are times when selling a loser is the best trade of the day. Sometimes you have to move your inventory around. Knowing when to close a profitable position or knowing when to peel off a few profits and allow the smaller position to work. Inventory management is not about profit on every trade; inventory management is about making business decisions. Are you making the best business decision or one on one personal trade decisions?

Looks like the sellers are pushing price lower this morning to test the T-Line and possibly more. Yesterday before the close we did buy an IWM Put and a VXX Call.

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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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Price is King

August 10, 2018 by Doug Campbell

Price is King

With all our technology, designer scans and flashy indicators, there is one undeniable truth; Price is King. Traders will spend years trying to find the perfect combination of indicators and write complicated scans in a constant search for the holy grail. I’m no different and have to confess I wasted years on that quest. It was not until I became a student of price that I finally began to experience real account growth.

The simple concepts of price support, price resistance, and trend often get ignored as traders focus only on their indicators. Remember indicators don’t pay you! It’s only when price moves we can get paid. The last few days I have suggested caution and to be careful not to over-trade. Not because I want to see the market pullback but because of price action and price resistance was telling us to be cautious. Price is King and will provide the clues for better trading results if we become students of price.

On the Calendar

Friday begins with the potential market-moving CPI Report at 8:30 AM Eastern. Forecasters expect the CPI to rise 0.2 percent with the year-on-year coming in unchanged at 2.9 percent and the core rate at 2.3 percent. The Baker-Hughes Rig Count is a 1:00 PM and the Treasury Budget closes the day at 2:00 PM. Consensus for July is for a monthly deficit of 73.5 with both spending and tax receipts on the rise.

On the Earnings Calendar, we finally get a little break with only 46 companies reporting earnings today. Although the bulk of earnings reports this season are now behind us, we still have more than 400 on the calendar for next week so keep checking those earnings dates.

Action Plan

Although hopeful the Bulls could push us resistance levels yesterday, the Bears gained a slight upper hand by the close. Durning the night Asian market were mixed but mostly lower and Europian markets are currently lower across the board. As a result, the Dow futures are currently pointing to a gap down of nearly 100 points as I write this. At least, for now, it would seem that resistance has done its job but let’s not count the Bulls out just yet. A light pullback could be all that’s needed for the Bulls to gather energy and reinforcements to mount an attack on the highs.

As the weekend approaches, keep in mind, that the trade tensions between the US and China continue to grow. Carefully consider how much risk you’re carrying into next week with that in mind. There is a very good chance I will trim some positions and take some profits as take my normal trip to the bank on Friday. I wish you all a fantastic weekend.

Trade Wisely,

Doug

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Riddle me this.

August 9, 2018 by Doug Campbell

Riddle me this.

The market is currently presenting us with a difficult riddle. The Bulls and Bears appear equally matched as the indexes hover just below price resistance levels and record highs. Yesterday the Bears had an open invitation to push lower but lacked the conviction to get it done. On the other hand, the Bulls showed a willingness to defend current levels but also lacked the conviction to move up to test resistance. The riddle becomes even more complex with the current futures suggesting a flat open.

Should we buy hoping for a breakout or would it be better to take some profits and avoid adding additional risk? Indeed a difficult riddle for traders to resolve. My personal choice is to remain cautious and closely watch price action for directional clues. I will avoid adding risk this close to price resistance but have a watchlist of good stocks ready to go if the bulls show some conviction. If by chance the Bears attack I have profits locked with stop orders and ready to pick up some negative delta if necessary.

On the Calendar

Jobless Claims and PPI top the Economic Calendar today with both released at 8:30 AM Eastern time. According to consensus estimates the weekly Jobless Claims expect an increase to 220,000 vs. last weeks 218,000 but remains near historic lows. The PPI consensus is for a 0.3 percent monthly increase but exclude food, energy, trade services, and they forecast a 0.2 percent increase. We have a Fed Speaker @ 9:30 AM, Wholesale Trade @ 10:00 AM, the Natural Gas Report at 10:30 AM, 4-Bond events 11:00 AM and 1:00 PM, with the Fed Balance Sheet & Money Supply closing the calendar day at 4:30 PM.

Today we have another big day of earnings with more than 380 companies fessing up to their results. There are still a lot of companies yet to report this quarter but today marks the last of the very big day of reports this earnings season.

Action Plan

The Bears had an opportunity yesterday to move the market lower, but the Bulls dug in and showed a willingness to defend back. As good as that was to see, sadly the Bulls lacked the energy required to be very convincing. With the exception of the QQQ which managed a 0.12 increase the rest of the indexes finished the day slightly lower leaving us with more question than answers.

The Bulls defending this close to resistance levels and record highs in the QQQ and SPY suggests a desire to move higher. However, their lack of conviction keeps alive the concern that the resistance above could be stronger than there desire. Currently, the futures suggest a flat open which is not helping with this conundrum. Long story short we need remain cautious this close to resistance levels and stay focused on price action.

Trade Wisley,

Doug

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Hard Right Edge Bullish Engulf

August 9, 2018 by Rick Saddler

Hard Right Edge Bullish Engulf

Loving Life as a Swing Trader

Yesterday’s price action created a hard right edge Bullish Engulf proceeded by a breakout of July’s high. The breakout has also caused a continuation pattern to form, and it’s above the highs of 20 days ago. The moving averages and the V-Stop are all walking up with a price. We are considering a bullish buy above $$20.30 with two swing targets above. A stop about $19.70 gives us a 3:1 risk reward. For more details on the KBR trade, please click the following link. Get the complete details including Fibonacci details TV2020 trade plan right here

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

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SPY • A State of Rest

For the last couple of days, the SPY has been in a state of rest; the chart tells us this with the two doji’s, a fairly tight range and the low volume we have experienced. The 25-day trend remains in tacked after the test of the 50-SMA, and the 5-day trend remains in tacked with price action riding the T-Line, this is what we call a T-Line Run. Everyone is waiting for the buyers to challenge 2018 high and whether or not price will continue on or not.

****VXX – The VXX chart is below the T-Line, no fear, no worries.

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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.

KBR Setup and Trade Plan

August 9, 2018 by Ed Carter

Today’s Featured Trade Idea is KBR.

You can read more about this trade in Rick’s blog post here. Members can also see his 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.

KBR is working on a nice trend since February. In the last couple weeks it ran higher and this last week has formed a J-hook pullback. On Wed. it printed a Bull Engulfing signal at the b/o level.

I will be looking for a b/o Entry using a Stop down below the most recent several day’s candle bodies. In this trade I have to accept less than 2:1 Reward/Risk to the first Target and will be looking for 3 Targets (where Fib Extensions and Weekly S/R levels converge).

Trader Vision 20/20 tells us we have about 3mo. until the next earnings. It also shows we have 6 Bullish conditions versus no Bearish conditions in favor of this trade.

TV20/20 lets us know this is a less desirable trade setup as the initial Stop and first Target only offer 1.42:1 Reward/Risk. In addition, we see that KBR must reach $22.05 for us to achieve our goal for the trade. However, if the 3-target plan can be attained, we can make our Trade goal while getting an overall 3:1 Reward/Risk.

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 KBR Trade Setup – As of 8-7-18

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, 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/sye_gHo_pGU” new_window=”Y”]Trade Plan Video[/button_2]

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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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er 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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8-7 Member e-Learning

August 8, 2018 by Ed Carter

Review of the Current Market

In this video, Doug Campbell discusses the current market conditions and reviews many charts, talking about the current setup and how to analyze a potential trade.

1 hour 31 minutes

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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

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GLW Has Broken Out Of A Base

August 8, 2018 by Rick Saddler

GLW Has Broken Out Of A Base

Swing Trader

GLW has broken out of a base with a strong gap and ran and big volume. The current pullback may be an opportunity (PBO) with nine V-Stop dots and price action trying to form a Bullish J-Hook Continuation Pattern. You can also see a Cup and Handle Forming on the charts. (Take a look at your Daily through Weekly charts) Based on the Trader Vision Goal Planner, we are looking at a possible $500.00 profit.

For more details on the GLW trade, please click the following link. Get the complete details including Fibonacci details TV2020 trade plan right here

Past performance is not indicative of future returns

Good Trading, Rick, and Trading Team

Monthly Trading Results Right Here Each, and every day we not only share trade ideas we also share how we plan to trade them.

What is Rick is adding to his trade watchlist today? A 246% plus increase in 7 months can’t be all wrong. Right Here

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SPY • Flirting With 2018 High

Yesterday the SPY came within .62 cents of going toe to toe with the 2018 high! Buyers seem to have the desire to reach $286.63 as you can clearly see them climb the wall of worry. Price action is key of us as swing traders. For the past six days, the buyers have to control the price action claiming higher lows and highs; the price remains above the T-Line. At the close yesterday, the hourly chart also remained bullish with price above the V-Stop. Price is getting a bit far from the T-Line and resistance is just above, I have started to sell off some inventory to bank profits.

****VXX – The VXX chart is below the T-Line, no fear, no worries.

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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.

Hopium

August 8, 2018 by Doug Campbell

Hopium

Are you make good business decisions or are you a trader addicted to “Hopium”? Without a doubt no matter how much profit a position may hold a trader always hopes for more. That’s a normal human reaction, but it’s not a good business decision. With the markets moving higher on lower volume and pushing against record highs and resistance levels have to take some profits or is hopium in control of your decisions?

I struggled with an addition to hopium for more years than I care to admit. I would let winning trades turn into losers always hoping for more. If your walking down the street and a $100 bill blows in front of you, do you stop and pick it up or do you let go by hoping for more? Of course, you pick it up, right? So I ask again are your making business decisions or are you addicted to Hopium, letting winners turn into losers rather than taking a smaller profit.

On the Calendar

The only potential market-moving event on the Wednesday Economic Calendar is the EIA Petroleum Status Report at 10:30 AM Eastern. There is not a forward forecast of US oil supplies however the current trade has proved to support higher prices. Other reports which are unlikely to move the market are, Mortgage Application @ 7:00 AM, A Fed Speaker @ 8:45 AM and a 10-YR Auction at 1:00 AM.

On the Earnings Calendar, we have a big day with nearly 400 companies reporting results. With so many reports it will hard to keep up so make sure you have a well thought out plan of the companies you own.

Action Plan

The Bulls put together another day of rallying toward resistance with slow grinding price action. However, with a little afternoon selling the indexes left behind candle patterns that suggest some caution is warranted. Overnight Asian markets we mixed but mostly lower while Europian markets are currently showing modest gains across the board.

With nearly 400 earnings reports this morning anything is possible by market open, but currently, US futures are mixed and indicating a flat to slightly bullish open. If you’re holding profitable positions, you may be time take some profits or tighten up the stops to protect the gains. Honestly, I hope the bulls push right on through resistance to new highs, but “hope” is not a wise way to manage the business of trading. Our job as traders is to make money, and that’s impossible to do unless we work to take profits consistently.

Trade Wisley,

Doug

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GLW Setup and Trade Plan

August 8, 2018 by Ed Carter

Today’s Featured Trade Idea is GLW.

GLW has been trending strongly Bullish all of July. In the last week it has done a little profit taking and is trying to form a J-hook with a tight consolidation box at the bottom of the PBO. We can use this box to help define and Entry (above) and Stop (below). There is the possibility of some Resistance about $34.15 (b/o level), but the first major Resistance should come up around the 38.2% Extension and then 61.8% extension. Those will be my Target prices. I’m just looking for the Trend to resume and continue.

Trader Vision shows us that we have 2.5mo. until the next earnings report and 4 Bullish to 1 Bearish condition in favor of this setup. With this Trade Plan, we can sell the entire position at Target #1 and reach our Trade Goal. However, if we sell half and hold the second half until our 2nd Target price, we can get 5:35:1 Reward/Risk versus out initial Stop and clear over $500 in profit. Finally, TV20/20 shows us that to achieve our Trade Goal, GLW only needs to reach $36.38.

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

The GLW Trade Setup – As of 8-7-18

The Trade Plan

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/Z1u71W0JpHk” new_window=”Y”]Trade Plan Video[/button_2]

Put the power to Trader Vision 20/20 to work for you…

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