BOOT Tested the 50-SMA J-Hook Set Up BOOT J-Hook setup

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BOOT Tested the 50-SMA J-Hook Set Up

BOOT has pulled back to test the 50-SMA and put together a Bullish Piercing candle that pushed price back over the 50-SMA with a breakout high. Price has now seen profit taking for a test, and the bulls are winning. Take a look at the 2, 3, 5-day charts; it doesn’t get any sweeter than this. Low High, Higher Low, Higher High is what swing traders dream about.

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

Past performance is not indicative of future returns

Good Trading Rick

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

Monthly • Quarterly • Semi-Annual • Annual • Private 2-Hour Coaching

SPY • Nice Day 

What a great day yesterday, the SPY popped a $1.13 after nearly touching the T-Line. Now it’s about more buyers than sellers and follow through. Price will still have to cut it’s way through the March 13 top before it can challenge the January 18 highs. Neither (IYT) Transports ETF or (SMH) Semiconductor ETF are helping the bulls very much. VT Total World Stock ETF has improved and impressed yesterday with a Bullish Engulf through the 50-SMA, bulls need to prove it.

VXX – As long as the price stays below the T-Line we have no worries, above the T-Line we worry.

Members Login for what Rick is adding to his trade watch list Right Here

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.

 

 

HRC and RWO e-Learning 7-17-18

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How I Plan to Trade BAC, JPM, C and WFC

In this video, Rick Saddler discusses the overall market and then focuses in on how he will be trading the big bank stocks.  Later he answers questions and reviews audience tickers.

1 hour 14 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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The Mighty Stumbles

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The Mighty Stumbles

The Mighty StumblesEven the mighty stumbles from time to time as the highly anticipated report from NFLX disappoints the market and weighs heavy on the entire tech sector.  Undoubtedly you will hear from traders see posts in social media today about those that made a bundle on the $50 point fall in NFLX after the bell yesterday.  I say congratulations to them for a winning position, but don’t believe for a second they have the powers of prediction.  Remember there were likely even more traders that lost a bundle betting that NFLX would move up sharply as it has done for years.

That’s right I used the word betting because trading earnings is very much the same as placing a bet on red or black at a roulette table.  We have all seen stocks sell off after good earnings reports and stocks rally after bad earnings reports.  There is no way to know for sure how the market will react to an earnings report.  If you make a habit of gambling on them, you’re not likely to be in this business very long.  Think about it; we only seem to hear from those that bet and win after the fact, and we never hear about there big losers.  Hmmm, I wonder why?

On the Calendar

We get the Economic Calendar going at 9:15 AM Eastern with the Industrial Production report.  Consensus expects a gain of 0.6 overall with Manufacturing up 0.8 percent in June while capacity utilization pressures rise to 78.3 percent.  At 10:00 AM the home-builder confidence is expects to hold steady at 68 according to consensus in the Housing Market Index report.  We also have a Fed Speaker at 10:00 AM and two bond auctions at 11:30 which are unlikely to move the market.  Wrapping up the is Treasury International Capital at 4:00 PM which tracks the flow of financial instruments but is not forwardly forecast.

On the Earnings Calendar, we have 42 companies reporting as earnings session ramps up activity.  Before the bell, we will hear from GS, JNJ, PGR SCHW & UNH  to name a few impacting the morning open.  After the bell, UAL, CSX, IBKR, & LTXB are among those fessing up to results.

Action Plan

High expectations turned to deep disappointment after the bell yesterday when NFLX reported earnings results.  In aftermarket trading, the stock fell more than $50 a share dragging down other tech shares in reaction to the news.  The QQQ’s in the pre-market is pointing to a lower open and may raise concerns about the performance of the tech sector as we wait for more big companies to report.  Currently, the Dow Futures are suggesting a flat to slightly bearish open as I write this but there are several big earnings reports yet to happen that could easily change that.

Financials had a very good day yesterday, and if that continues perhaps, that will help the Dow stabilize its wild price action of late.  Let’s hope for the best but prepare for the worst as it appears this could be a wild earnings session.  The markets hates uncertainty, and the NFLX just reminded everyone that there is nothing certain when it comes to earnings reports.

Trade Wisely,

Doug

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FRPT Setup and Trade Plan

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Today’s Featured Trade Idea is FRPT.

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.

FRPT has been in a strong Bullish Trend for months. In the last week, it pulled back forming a PBO and bounced up off the trend line again.  I will look for a Doji Continuation signal to for Tuesday with an Entry up at about $29.65 and a Stop about $28.60. At all-time highs, I’ll use Fib Targets at about $32.35 and $33.70.

Trader Vision 20/20 tells us we have 3 weeks until the next expected earnings announcement, with many Bullish Conditions in favor of the trade.  It shows us that we can take $157.50 in Risk for a chance to make 2.57:1 ($405 at Target #1) or 3.21:1 Reward/Risk ($506.25 at Target #2). TV20/20 also tells us price only needs to reach $31.98 to achieve our Trade Goal.

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  FRPT Trade Setup – As of 7-16-18

FRPT as of 7-16-18

 

The Trade Plan

FRPT Plan for 7-17-18

 

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/oTHiyJ8YwN8″ new_window=”Y”]Trade Plan Video[/button_2]

 

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

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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.

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FRPT Riding the Back of The T-Line Trends With Benefits Workshop • Trading Freedom

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FRPT Riding the Back of The T-Line

FRPT has been riding the back of the T-Line for the last 3-months. About a week ago FRPT met with a little trouble and is now creating a J-Hook continuation pattern. 5-days down, 1 Hammer and a follow through. We are looking to risk about 3.5% for almost 14% reward. An entry over $29.65 would turn the V-Stop from Red to Green.

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

Past performance is not indicative of future returns

Good Trading Rick

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

Monthly • Quarterly • Semi-Annual • Annual • Private 2-Hour Coaching

 

SPY • Bullish But…

If it weren’t for the banks yesterday, we could have called off the day completely, so boring. The SPY is trying to works it’s way up through the $280.15 resistance, but this $280.15 area has proven to be a little stubborn. On the positive side, the price is still riding above the T-Line. As long as the price can hold the T-Line, we will remain cautiously bullish. A close below the T-Line will likely lead to $275.40

VXX – As long as the price stays below the T-Line we have no worries, above the T-Line we worry.

Members Login for what Rick is adding to his trade watch list Right Here

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.

 

 

Flirting with the Rounded Bottom Breakout Strategy Read about the bonus below

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Flirting with the Rounded Bottom Breakout Strategy

MTW has been flirting with the Rounded Bottom Breakout strategy for the past few weeks. MTW gapped over the 50-SMA on June 6th  and had held up pretty well walking the 50-SMA. The base it has been constructing and the strong price action Friday is suggesting the buyers are trying to push MTW higher. By following the RBB rules and strategy, we could see a 20% stock profit.

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

Past performance is not indicative of future returns

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

Monthly • Quarterly • Semi-Annual • Annual • Private 2-Hour Coaching

[button_2 color=”red” align=”center” href=”https://ob124-e13140.pages.infusionsoft.net” new_window=”Y”]Pop Out of The Box Bonus[/button_2]

SPY and Wall of Worry

Last week the SPY was able to climb the wall of worry by 1.5% stopping at the gate that has kept the bull pinned up three other times. The buyers have had trouble this year breaking through the $280.15 gate. If the buyers didn’t find a way to get through the gate they may have to 3back off to about $277.15 under $275.50, I would be a little concerned that the bear is attacking the bull.

VXX – As long as the price stays below the T-Line we have no worries, above the T-Line we worry.

Members Login for what Rick is adding to his trade watch list Right Here

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.

 

 

Earnings Session

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Earnings Session

Earnings SessionAs we begin this earnings session, the DIA and SPY are challenging important resistance levels while the QQQ is at new record highs.  We can expect the Futures to be volatile and the likelihood of significant morning open gaps as the market reacts.  Earnings season can be very challenging but can also be very rewarding.  Here are a few ideas that have served me well during earnings.

  1. Never be caught off guard. Always know when a company your holding or one you’re considering to purchase is reporting earnings.
  2. Turn of the News. Remember the mainstream financial new is about entertainment and advertising.  If you get caught up in the hype and drama, your trading will be affected.  (I only watch the headlines and form my own opinion based on actual price action)
  3. Focus on the chart patterns and the price action and avoid trying to predict how the market will react to an earnings report.
  4. Stick to your rules and plan each trade. Always remember trading is a business and emotional decision making has no place in business.

On the Calendar

The Monday Economic Calendar starts the week with three market-moving reports.  At 8:30 AM, we will hear from Retail Sales that expects a sizable 0.6 percent headline gain according to consensus.  Also at 8:30 AM, the Empire State Mfg Survey, is expected to remain strong but decline slightly to 21.0 vs. June’s 25.0 reading.  The at 10:00 AM, Business Inventories are expected to increase by a healthy 0.4% according to forecaster estimates.  To finish up the calendar day we have, we have a Bond Announcement at 11:00 AM, and two Bond Auctions at 11:30 AM.

On the Earnings Calendar, we have 26 companies reporting.  Before the bell, we will hear from BLK, BAC & JBHT.  After the bell most notable is NFLX.

Action Plan

With a busy Economic Calendar, this morning and big earnings report’s, the market will have plenty of data to react to this morning.   If that were not enough the news could also be a factor as the President meets with Russian Leader Vladimir Putin in Helsinki today.  Futures are currently pointing to a slightly bullish open as but that could easily change with each report.

Earnings Season can be challenging for traders due to the uncertainty and volatility they can create.  Large morning gaps can become the norm as the market reacts to the results so plan your risk accordingly.  If you watch financial news networks, guard yourself against being caught up in the drama and the ridiculous predictions which no one is ever held accountable.  Focus on the chart patterns and price action setting aside personal bias as you plan each trade.

Trade Wisley,

Doug

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