Hard Right Edge Bullish Engulf

by

Hard Right Edge Bullish Engulf

Education comes first

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

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.

____________________________________________________________

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.

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.

 

 

KBR Setup and Trade Plan

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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

KBR Chart Setup as of 8-9-18

The Trade Plan

KBR Trade Plan for 8-9-18

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/sye_gHo_pGU” 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.

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

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.

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

8-7 Member e-Learning

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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

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

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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

[testimonials style=”8″ margin_top=”” margin_bottom=””][testimonial name=”Alan%20Helmstetter” company=”” href=””]%3Cp%3EI’ve%20been%20managing%20my%20own%20money%20for%20many%20years%20and%20have%20been%20interested%20and%20dabbled%20in%20trading%20stocks.%20I%20joined%20some%20services%20over%20the%20years%2C%20but%20none%20worked%20for%20me.%20I%20am%20getting%20closer%20to%20retirement%20and%20wanted%20to%20learn%20more%20about%20trading%20stocks%20as%20something%20to%20do%20in%20retirement%20and%20to%20supplement%20income.%20I%20learned%20all%20about%20candlesticks.%20Did%20much%20paper%20trading%20of%20stocks.%20Results%20were%20good%2Fbad%20and%20never%20got%20ahead.%20Came%20across%20a%20free%20HRC%20webinar%20and%20really%20liked%20the%20approach.%20Joined%20a%20month%20trial%20and%20also%20attended%20an%20RWO%20webinar.%20Decided%20to%20join%20RWO%20because%20of%20the%20options%20approach%20and%20have%20been%20a%20member%20for%20four%20months.%20Rick%20and%20Doug%20are%20the%20real%20deal.%20Both%20are%20amazing%20at%20reading%20charts%2Fprice%20as%20well%20as%20teaching%20their%20expertise.%20In%20the%20daily%20chatroom%20you%20will%20get%20potential%20trades%2C%20but%20more%20importantly%2C%20you%20will%20become%20part%20of%20a%20team%2C%20learn%20how%20to%20identify%20trades%20and%20even%20more%20importantly%20how%20to%20properly%20plan%20and%20manage%20trades.%20You%20know%20the%20adage%20–%20%22You%20give%20a%20man%20a%20fish%2C%20and%20you%20feed%20him%20for%20a%20day.%20You%20teach%20him%20to%20fish%2C%20and%20you%20give%20him%20an%20occupation%20that%20will%20feed%20him%20for%20a%20lifetime.%22%20%3Cstrong%3EGive%20them%20a%20try%20you%20will%20not%20regret%20it!%3C%2Fstrong%3E%3C%2Fp%3E%0A

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GLW Has Broken Out Of A Base

by

GLW Has Broken Out Of A Base

Finding and Trading The T-Line Bounce

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

 

Available Membership Services • Private 2-Hour Coaching

____________________________________________________________

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.

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

To learn more about our trading tools join us in the trading room or consider Private 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.

 

 

Hopium

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Hopium

hopiumAre 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

[button_2 color=”green” align=”center” href=”https://youtu.be/2WOGXfkI3c0″]Morning Market Prep Video[/button_2]

GLW Setup and Trade Plan

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Today’s Featured Trade Idea is GLW.

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.

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.

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 GLW Trade Setup – As of 8-7-18

The GLW Trade Setup – As of 8-7-18

GLW chart as of 8-8-18

The Trade Plan

GLW Trade Plan for 8-8-18

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/Z1u71W0JpHk” 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.

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

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.

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

SPY taking the lead

by

SPY taking the lead.

SPY taking the leadIt was nice to see the Bulls pushing for higher prints yesterday with the SPY taking the lead as the only index thus far being able to break above the prior high.  Volume has been light, and price action has been somewhat tentative in this rally.  With August being a big summer vacation month its not a big surprise to see lighter volume but it does require us to exercise some caution as we test price resistance levels.

Futures are pointing to a higher open this morning but remember as we test resistance levels we need to watch for possible reversals.  As I mentioned yesterday, be careful with how much risk you’re carrying at resistance.  As an example, I plan to take some profits reducing risk as we grind toward resistance rather than adding additional risk.

On the Calendar

The JOLTs report at 10:00 AM Eastern is the only potential market-moving report on today’s Economic Calendar.  Forecasters expect job openings number to increase in May to 6.638 vs. 6.650 in June.   Other than that, we have the Redbook @ 8:55 AM, two Bond events @ 11:30 AM and 1:00 PM with Consumer Credit closing the day @ 3:00 PM.

On the Earnings Calendar, we have more than 385 companies reporting to keep us on our toes.

Action Plan

Yesterday the bulls continued to push higher with a steady slow grind, but only the SPY managed to break above the prior high.  The DIA, QQQ, and IWM all move up but continue to remain under price resistance.  The SPY is now less than 2-points away from testing record highs, and with Futures currently pointing to a higher open, it seems likely to occur as long as there are no major surprises in earnings reports.

You may have noticed that volume has been quite light in this rally.  While that is a bit of a concern keep in mind that August is a big vacation month and it not out of the ordinary.  However, it does warrant a little caution as we approach resistance levels.  Remember resistance is where we have to keep a watchful eye on price watching for the possible clues of breakout or failure.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/5Bh2V-D-uXw”]Morning Market Prep Video[/button_2]