DLTH Setup and Trade Plan

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Today’s Featured Trade Idea is DLTH.

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.

DLTH has had a strong bullish rally the last 1-2 months, with a couple little pullbacks to keep from getting over-extended. It has just broken out of a J-hook and has held the b/o level the last 2 days (proving that level is Support).  I will be looking for even more proof the Bulls are in control, by making it break above the pre-J-hook high, using the highs at the bottom of the pullback to define my Stop and using the areas that align between weekly S/R levels and a Daily Fib Extension as my 2 Targets.

Trader Vision tells us we have about 6 weeks until Earnings and 6 Bullish conditions going for the trade (versus no Bearish ones). It also shows us this Trade Plan has a good size (3.69% of Account), with only $130 of risk to Stop, versus a potential reward of $473 (3.62:1) at the first Target. If we sold half there and made the 2nd Target, we’d get 4.76:1 Reward/Risk ($621 profit) on the trade for an overall 16.29%.  TV20/20 also shows us that we do not even need to reach the first Target to be able to book our Trade Goal profit ($350). So this is a very nice plan.

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 DLTH Trade Setup – As of 7-23-18

DLTH as of 7-23-18

 

The Trade Plan

DLTH Trade Plan 7-24-18

 

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/JIpnLZ9_XuU” 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.

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DLTH IS A Perfect Trend With Benefits Trading Workshop July 26, are registered?

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DLTH IS A Perfect Trend With Benefits

DLTH is a perfect trend with benefits, knowing how to buy the breakout near $19.15 for a 16% swing or buy Morning Star around $22.80 for a 10% swing or even still own it for a 31% trade because you understand the Benefits Of A Trend. DLTH is set up again! The 7/11 Bullish Engulf lead to a Pop Out of the Box setup that leads to buyers. We are looking for a 20% trade on a $25.15 entry.

Learn more about trends, price action, and chart patterns are the key to success. On Thursday, July 26, at 8:00 PM Doug Campbell with be hosting a Workshop “Trends With Benefits.” If you would like to learn more about the workshop Click Right Here.

For more details on the DLTH 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

 

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 • GOOG Beats

The SPY closed with a little Bullish Engulf at the end of a Flag with the T-Line as support. And because of GOOG earnings, the futures are up, and the SPY is premarket challenging our $281.00 resistance line. I have moved our support line up to $279.50 and the next bull challenge line to $286.50 January 2018 High

****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

[button_2 color=”green” align=”center” href=”https://ob124-e13140.pages.infusionsoft.net” new_window=”Y”]Trends With Benefits Workshop July 26, 8:00 PM [/button_2]

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

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Earnings

EarningsEarnings season can be challenging for even the most experienced traders.  With the NASDAQ and many of the stocks that make up the index at or near all-time highs, they will be under tremendous pressure to perform.  An earnings beat can still disappoint the market if the anticipation was too high.  Believe me, I want earnings to be good and for the market to move higher but I can’t help but notice that some of these companies look quite extended.  So be careful and guard yourself against getting caught up in the drama.

Remember anything is possible at earnings, and if your biased or become emotional you’ve compromised, you’re decision-making ability.  Hold to your rules, stay focused on price and avoid gambling.  It could be a wild week of big morning gaps and whipsaws so buckle up and trade wisely.

On The Calendar

Existing Home Sales at 10:00 AM Eastern is the sole potential market-moving report on the Monday Economic Calendar.  Forecasters came to a June consensus of 5.450 million annualized rate increased only slightly from 5.430 in May.  Other than that we have The Chicago Fed National Activity @ 8:30 AM and three bond events between 11:00 AM and 11:30 AM to close the calendar day.

A big week on the Earnings Calendar with over 800 companies and nearly 1/3 of the of the S&P-500 reporting this week.  Make sure you are checking earnings reporting dates before making decisions on trades.

Action Plan

We should expect a wild and wooly with the possibility of big morning gaps and intraday whipsaws as over 800 companies step up to report earnings.  Expectations of bullish reports seem to be quite high, and many stocks have rallied in anticipation.  Keep in mind with high expectations even good reports could find sellers with the market having expected even more.

Expect fast price action with all the pent-up earnings drama spilling out at the market open.  Turn off the financial news or risk getting caught up in the drama becoming biased and end up making emotionally based decisions.  Focus on price and remember this is the perfect environment for whipsaws.  Last week the Bulls did a very good job of holding the indexes above key support levels.  A bullish sign to be certain but with may stocks like AMZN and FB at or near record highs before earnings there is a lot of pressure to perform.  Plan your risk carefully and remain flexible and be prepared for challenging price action.

Trade  Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/k6EjJKI1jmw”]Morning Market Prep Video[/button_2]

Bullish Cradle Pattern 4-Hr Chart Workshop July 26th

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Bullish Cradle Pattern 4-Hr Chart

TPB has presented us with a Bullish Cradle Pattern on The 4-Hr Chart with follow-through and a T-Line Run over the next five candles. The daily chart has printed a Bullish Morning Star Pattern, and the star was a higher low. The weekly chart is a picture of a beautiful Bullish T-Line Run and currently painting a Bullish Pop Out of The Box Pattern.

TPB is a trending chart that has presented us with no less than six benefits to trading a trend. On Thursday, July 26, at 8:00 PM Doug Campbell with be hosting a Workshop “Trends With Benefits.” If you would like to learn more about the workshop Click Right Here.

For more details on the TPB 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

 

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 • Big Earnings Week

The battle is on with the buyers and sellers on who will win the T-Line. Friday the buyers held us above the T-Line but closed weak, this morning’s futures suggest the sellers are a bit more prepared than the buyers. A close below $277.15 would put the sellers in the driver’s seat to about $273.60 which is the bottom of the channel. Remember lots of earnings this week!

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.

 

 

TPB Setup and Trade Plan

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Today’s Featured Trade Idea is TPB.

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.

TPB is sitting at an all-time high after just breaking out of a Triangle pattern on Friday. It has also printed a couple recent Morning Star signals, indicating the Bulls are still in control.  I will be looking for a breakout Entry using a Stop below the $32.20 Support level and Fib Extension Targets at the 38.2% and 61.8% levels. With 2.5 weeks until Earnings and no overhead resistance, TPB has a chance to make a little Bull run here.

TV20/20 tells us we should have 2.5 weeks until earnings and that the chart shows 5 Bullish conditions versus only the 1 Bearish. We can also see that we can reach our Trade Goal before even hitting the first Target price.  At that first Target, we’d be getting a 2.77:1 Reward/Risk on our $132 risk (to initial Stop) and if we were to follow the plan and reach Target #2, the overall trade would deliver 3.81:1 ($503.50). This seems like a pretty nice setup, all things considered.

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 TPB Trade Setup – As of 7-20-18

TPB as of 7-20-18

 

The Trade Plan

TPB Trade Plan for 7-23-18

 

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/sgQtiojDH_c” 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.

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Trade Jitters

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Trade Jitters

Trade JittersTrade jitters are once again front and center after and tough talk by the President in a CNBC interview this morning.  The President said he was ready to deploy 500 billion in China tariffs.  As a result, the futures are pointing to a lower open this morning.  Perhaps the good reports from MSFT, HON, and even the troubled GE will inspire the Bulls to defend, but political uncertainty is a tough thing battle right before a weekend.

Except for the bullish shown by the market on Tuesday, price action has been choppy and challenging this week.  The good news is that the current trend is up and the Bulls have to this point defended key price supports.  Remain flexible, unbiased and focused on price action clues.

On the Calendar

A rare Friday on the Economic Calendar with no market-moving reports.  We have a Fed Speaker at 8:20 AM Eastern and the Baker-Hughes Rig Count report at 1:00 PM to finish the calendar week.

We have 36 companies reporting earnings today with the far majority happening before the open today.  Among those reporting before the bell is GE, HON, SWK, RF, SLB & KSU.

Action Plan

Asian markets were mixed but mostly higher overnight, while European markets traded lower.  US Futures were negative but has started to move toward the open, but in an interview with CNBC, the President choose to fan the flames of the trade war sending futures quickly lower.  As I write this, there is still 2 hours before the market opens and with a bunch of earnings reports before the open anything is possible.  MSFT beat both on the top and bottom line yesterday sending the prices of the tech giant to all-time highs.

The Bulls did a good job yesterday of defending price support levels.  With the trade war jitters now back on the mind of the market the question is will they have the energy to do it again today?  I must admit with the strong earnings from MSFT I was hoping for at least a little Friday bullishness, but hope currently seems less likely after the 500 billion tariff presidential remarks.  As you know, I like to go the bank on Friday taking profits rather than adding risk ahead of the weekend.  It’s unlikely that change today but in this business, you always have to remain flexible.  Have a great weekend!

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/dPLnff1vPtQ”]Morning Market Prep Video[/button_2]

Trade Follow-up for 7-20-18

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No Featured Trade Idea on Friday.  Instead we have a follow-up on the performance of this blog’s trade ideas.

You can read more about the market 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.

Below are the Trader Vision 20/20 Dashboard and Trade Log as of 7-19-18.  As a bonus, if you click the green button below, you’ll be able to watch a video of my review of Open, Closed and Unexecuted trades over the last week.

 

Blog Trade Performance – As of 7-19-18 (Pre-Market 7-20)

Account Follow-up 7-20-18 Trade Log as of 7-19-18

 

 

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/RbPifV2m124″ 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.

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