SPY printed a Bullish Piercing candle, now what? Please join us in the trading room-Free

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The SPY printed a Bullish Piercing candle yesterday on support, now what? We would love to share what we think of yesterday’s Bullish Piercing candle and what we plan to do next. Please consider joining us in the trading room starting Friday, June 29, through July 6th. Below you can see a list of specific subjects we will be covering the next few days.

Trading Room Login Right Here (choose room #1)

Trader Vision Trade Plan Right Here

HRC Monthly Trading Results Right Here

Date: Friday – June 29, 2018

9:10 am – 10:00 am ET – Rick Saddler – Opening Bell

10:00 am-Noon ET – Rick Saddler – Candlestick Trading and Chart patterns

1:30 pm – 4:00 pm ET – Doug Campbell – Right Way Options and

Dissecting Price Action and Trend Trading

Date: Monday – July 2, 2018

9:10 am – 10:00 am ET – Rick Saddler – Opening Bell

10:00 am – 11:30 am ET – Steve Risner – Futures Trading

1:30 pm – 3:00 pm ET – Ed Carter – Goal Setting and Trade Sizing

3:00 pm – 4:00 pm ET – Doug Campbell – Trade Setups, Chart Analysis, and the Closing Bell

Date: Tuesday – July 3, 2018

9:10 am – 10:00 am ET – Rick Saddler – Opening Bell

10:00 am – 11:00 am ET – Steve Risner – Gap Trading and 45 Degree Runners

11:00 am – 11:30 am ET – Doug Campbell – RWO Option Trading

11:30 pm – 12:30 pm ET – Ed Carter – The Value of Trade Planning and Live Trade Planning

12:30 pm – 1:00 pm ET – Rick Saddler – Trade Setups, Chart Analysis, and the Closing Bell

Date: Thursday -July 5, Open to the public

Date: Thursday -July 6, Open to the public

Trader Vision Trade Plan Right Here

HRC Monthly Trading Results Right Here

Monthly • Quarterly • Semi-Annual • Annual • 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.

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Friday Performance Update Be Our Guest in Trading Room 1

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As you know, Hit and Run Candlesticks does not issue Featured Trade Ideas on Fridays.  That is especially true heading into what may turn into a 5 day weekend for the market (With Independence Day falling on Wednesday and Tuesday being a half day, I don’t anticipate much market action Friday, Monday or Tuesday.  So it is quite possible there won’t be much trading volume until at least Thursday 7/5.

That said, the UAA trade did not execute on Thursday.  However, UAA had a nice day, it just did not meet my stringent entry criteria of breaking resistance.  If it gets going and breaks out on Friday, I will Enter the trade as planned.  Nothing has fundamentally changed and, in fact, I am more confident the Bullish Flag has been broken.  The means the J-hook breakout is more probable Friday morning than it was Thursday morning.  So, if UAA triggers an Entry Friday, I will enter that trade as originally planned.

Instead of planning a new trade, we’ll use Friday’s to check the performance of our trades to date, check on our open trades and adjust and positions as needed.

Bear in mind that this update covers the period up through  6-28-18.

If you click the green button below, you’ll be able to watch a video where I review all closed and Open positions, as well as the unexecuted position that we may open on Friday, depending on the market.  I discuss each trade and why I adjust my positions using Trader Vision 20/20 software.

With market action expected to be light on Friday, Monday and Tuesday (in front of the July 4th Holiday) we are opening up the trading room to the public.  So, please be our guest and jooin us for some free education.  The planned schedule is below and you’ll find our community has a good time while accomplishing a lot.   Here is a direct ling to the trading room.

**** Trading Rooms Open House****

Join Us – No Password Required

Date: Friday – June 29, 2018

9:10am – 10:00am ET – Rick Saddler – Opening Bell

10:00am – Noon ET – Rick Saddler – Candlestick Trading and Chart patterns

1:30pm – 4:00pm ET – Doug Campbell – Right Way Options and

                                             Dissecting Price Action and Trend Trading

 

 

Date: Monday – July 2, 2018

9:10am – 10:00am ET – Rick Saddler – Opening Bell

10:00am – 11:30am ET – Steve Risner – Futures Trading

1:30pm – 3:00pm ET – Ed Carter – Goal Setting and Trade Sizing

3:00pm – 4:00pm ET – Doug Campbell – Trade Setups, Chart Analysis and the Closing Bell

 

 

Date: Tuesday – July 3, 2018

9:10am – 10:00am ET – Rick Saddler – Opening Bell

10:00am – 11:00am ET – Steve Risner – Gap Trading and 45 Degree Runners

11:00am – 11:30am ET – Doug Campbell – RWO Option Trading

11:30pm – 12:30pm ET – Ed Carter – The Value of Trade Planning and Live Trade Planning

12:30pm – 1:00pm ET – Rick Saddler – Trade Setups, Chart Analysis and the Closing Bell

 

 

Featured Trade Idea Plan Performance

(As of 6-28-18 Close)

Blog Account Performance as of 6-28-18

+$2,471.25 over 4 weeks

61.54% Win Rate for $617.81/week profit

-or-

almost 0.6%/week profit on the Account (32% Annual without compounding)

Blog Trade Log as of 6-28-18 Close

Trade Log as of 6-28-18

 

Note how Trader Vision 20/20 does so much of the work for you.  All of your trades are logged, in incredible detail.  This will allow you to analyze patterns in your trading, identifying problems and improving your performance.  You’ll also be able to get back inside your own head even if you revisit the trade years later.  Having all this information give you the ability to keep improving and reducing the emotional roller coaster that the amateurs face every day!

 

[button_2 color=”light-green” align=”center” href=”https://youtu.be/_YgjaA_9lNg” new_window=”Y”]Trade Review Video[/button_2]

 

 

If you’re interested in putting the power to Trader Vision 20/20 to work for you, click below.

[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]

 

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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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UAA Setup and Trade Plan

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Today’s Featured Trade Idea is UAA.

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.

UAA has been in a strong Bullish Trend the last 3 months.  The last couple weeks it has been forming a Bullish Flag or Pullback Opportunity.  On Wednesday, it broke out of the down trend of the Flag (against a Bearish overall market).  On a breakout (above recent resistance), I’ll look for an Entry about $23.55, using a Stop below another S/R level and up to 3 Targets drawn from a Weekly chart.  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 UAA Trade Setup – As of 6-27-18

UAA as of 6-27-18

 

The UAA Trade Plan

UAA Plan for 6-28-18

 

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the overall risk of the position size, risk to Stop out and Reward possible at each Target we see this trade offers between 3.5:1 and 5.4:1 Reward/Risk Ratio.  Knowing the Risk is low and the potential Reward good.  Knowing the Risk, Reward and how far a stock must move to reach our goal…before a trade…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/0SBaRhA7_C0″ 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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A Big Whipsaw

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A Big Whipsaw

WhipsawYesterday’s price action was just downright mean and nasty serving up a big whipsaw.  It’s also provided a painful lesson that trying to pick a bottom often has severe consequences for swing and position traders.  The fear is missing out is a very powerful emotion that causes a lot of damage to trading accounts and crushes a traders confidence.  Morning gaps are the perfect scenario for creating a fear of missing out.

To avoid this in the future, a trader needs a good set of rules and the discipline to follow them.  It’s the discipline that key here and much harder to master than simply writing some rules.  First, avoid chasing morning gaps especially when they are opposite the overall trend.  They are the perfect breeding ground for a whipsaw to occur.  Wait for a trend to break and then watch for proof off follow-through price action in supporting the breakout before considering an entry.  Sure you might miss a quick rally from time to time, but you also break the nasty and embarrassing habit of bottom picking.

On the Calendar

A full calendar day this Thursday but only two potential market-moving reports at 8:30 AM Eastern.  GDP gets the ball rolling coming in at 2.2 percent annualized rate with Consumer sending unchanged at 1.0 percent according to consensus.  The GDP price index is also expected to remain flat at 1.9 percent.  Next is the Weekly Jobless Claims that are expected to continue to show strong labor demand with a reading of 220,000.  Corporate Profits @ 8:30, Consumer Comfort @ 9:45, Nat. Gas Report @ 10:30, one Fed Speaker @ 10:45, Kansas City Mfg. Index @ 11:00, 4 Bound events, Farm Prices @ 3:00 PM, Fed Balance Sheet & Mondy Supply @ 4:30 PM to wrap up the day.

We have 18 companies on the Earnings Calendar today with the most notable coming in after the bell with NKE and KBR reporting.

Action Plan

With the news that the Trump tech restrictions would not be a severe as anticipated Futures staged a sharp rally just before the market open.  The sudden bullishness translated into the Dow rallying nearly 200 points in the morning session.  Unfortunately, the Bulls were unable to hold the gains, and the indexes suffered a nasty whipsaw creating new daily lows in all four major indexes.  Traders that rushed in on the news trying to pick the bottom got punished for doing and harshly reminded that bottom picking has a costly consequence.

Currently, Futures are pointing to a modestly bullish open, but I will continue to recommend caution for any long trades until the Bulls can break the downtrends and hold them as support.  If you’re already short watch for clues to take some profits but for goodness sake, don’t chase short positions this late in the move.  Keep in mind the weekend is fast approaching and as political uncertainty continues to weigh heavily on the market consider how much risk your willing to carry into next week.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/tn6Pj5J-7qg”]Morning Market Prep Video[/button_2]

Is UAA turning Back Up?

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Is UAA turning Back Up?

UAA has turned back up from a fourteen bar rest on the daily chart. Over $23.75 I will be looking at a 20 – 30% swing trade. Take a look at the longer time frames, 2-day, 3-day and 5-day charts. The 5-day chart is set up in the (RBB) zone. Price has rested from the Dotted Duece with buyers working with the T-Line for the next leg. With a 20-30% swing trade, UAA will be hot on our trade possibility list. Please, note the market has not changed much from yesterday and is still very unpredictable right now. For more details on today’s trade idea click on the Trader Vision Trade Plan below.

Trader Vision Trade Plan Right Here

HRC Monthly Trading Results Right Here

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

SPY Bull or Bear Friends

Yesterday the SPY had more bearish friends than it had bullish friends, and they wanted to close below the 50-SMA. Price action did try to climb higher, but a bear was hiding behind price resistance, the 34-EMA and the T-Line and spooked price. Take a look at the 4-Hour chart, Mondays low and Wednesday low both tested the Dueces and with the morning futures up we could see a little relief bounce. Above $273.75 and $274.70 would draw in more buyers. Below $269.30 would attract the $266.00 flies.

VXX – Yesterdays close the VXX chart was in a bullish to buy set up, a positive market would negate that action.

Rick’s Trade-Ideas Posted in the Members Area

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

 

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. or Rick Saddler is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.

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The Market IS Too Unpredictable

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The Market IS Too Unpredictable

The market is too unpredictable right now to be posting trade ideas. There are two main goals for a stock trader, one is to earn money and the second is to keep the money you earned. This is the kind of market that will take the money you earned from you and laugh. If you feel like you must be fed a trade every day we are not the people for you, and I doubt your trading career will last long. If you are a stock trader that wants to work smart and not hard if you are focused on the lifestyle of a successful trader your in the right place.

Trader Vision Trade Plan Right Here

HRC Monthly Trading Results Right Here

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

SPY Test The 50-SMA?

The price action and candlestick yesterday (Doji) still has the blood of a Bear in it. Price action is still trending below the T-Line which suggest the buyers are not ready to make a run. The 4-Hour chart is sitting on the Dueces but forming a Bearish “h” pattern. Below $270.00 look for the $265.00 area. Above $273.65.00 price would be back above the T-Line and the bulls would outnumber the bears.

VXX – VXX is set up in a bullish pattern. Compared to last week the fear in the market has grown.

Rick’s Trade-Ideas Reserved for Members

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

 

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. or Rick Saddler is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.

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Setup & Trade Plan No Trade Idea Today

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No Featured Trade Idea for today.  Markets are too unsettled (moving half a percent in pre-market in the last 15 min.).  Today is a good day to sit on your hands.

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.

If you click the green button below, you’ll be able to watch a video of my chart review and explanation.

 

To see a short video of why there is no trade idea today, click the button below.

 

[button_2 color=”light-green” align=”center” href=”https://youtu.be/EPvlfXox5uY” 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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