Friday Performance Update 6-22-18

June 21, 2018 by Ed Carter

As you know, Hit and Run Candlesticks does not issue Featured Trade Ideas on Fridays. That said, 2 of our trades this week did not execute. Nothing on either of those charts has changed fundamentally. So, if either EPC or SDOW trigger an Entry Friday, we will enter those trades 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 6-21-18 (only 3 weeks of trade ideas).

As you Thursday was a rough day for the market. For our account, we were stopped out of one trade (GTN) but stopped out at a profit. So, no real damage was done. By using Trader Vision 20/20 to plan and manage our trade risk, we’ve still put $over $2300 in profit away in 3 weeks…doing only one trade per day, taking Friday’s off and having a couple trades not execute. Not too bad in my book.

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 2 unexecuted positions that we may open Friday depending on the market. I discuss each trade and why I adjust my positions using Trader Vision 20/20 software.

Rick is out Friday, but you are welcome to join me in the trading room at 9:10am Eastern as I fill in today.

Featured Trade Idea Plan Performance

(As of 6-21-18 Close)

+$2,354.45 over 3 weeks

$784.82/week profit -or-

almost 0.8%/week profit on the Account

Blog Account Trade Log as of 6-21-18 Close

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/sfGCy_yJoAQ” 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.

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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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EPC Setup and Trade Plan

June 21, 2018 by Ed Carter

Today’s Featured Trade Idea is EPC.

Normally, you can read more about this trade, see Rick’s blog post here. However, Rick is out of the office on a family emergency. Nonetheless, members can listen to a detailed analysis of the market 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.

EPC has been forming a bottom for 3 months. It is now in both a Rounded Bottom Breakout and Inverted Head & Shoulders pattern. Now it has formed a Pullback Opportunity (J-hook in progress) and printed a Hammer on Wednesday. I will look for an Entry on the breakout with a Stop set below the Resistance Level broken to get there. The Targets used were defined as Support/Resistance levels using the 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 EPC Trade Setup – As of 6-20-18

The EPC Trade Plan

Note how Trader Vision 20/20 does so much of the work for you. As we see above, Trader Vision shows you that the stock only needs to move 6.4% to make the Goal for the trade, while the anticipated second Target price would generate a 10.85% overall gain. We also see that the Risk is low and the potential Reward decent. 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/Linxe8jJ-xQ” new_window=”Y”]Trade Plan 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]

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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Little to no fear.

June 21, 2018 by Doug Campbell

Little to no fear.

As the weekend approaches with still unresolved trade war jitters, the VIX continues to indicate little to no fear of the swirling uncertainty. New record highs in two indexes while the Dow looks to open below its 50-day average this morning adds additional complexity to the is already challenging the market. With the market capable of taking a quick turn south as it did on Tuesday, I have wonder if the market is becoming weary of all the political noise and perhaps becoming somewhat complacent.

Consider your overall risk as we move toward the weekend and remember big gaps are possible in both directions. I know I run the risk of missing out on a big rally if there happens to be a resolution to trade negotiations over the weekend but I will also be able to sleep better if I reduce my exposure to risk ahead of the weekend. I’m not saying I’m right, but for now, that’s the plan I’m sticking to it.

On the Calendar

We kick off the Thursday Economic Calendar today with the weekly Jobless Claims at 8:30 AM Eastern. Consensus expects claims to tick higher to 220,000 but still near historic lows as strong labor demand continues. Also at 8:30 the Philly Fed Business Outlook Survey expects a decline to 28.0 vs. the 45-year high in new orders on the May report of 34.4. We have a Fed Speaker & FHFA House Price index @ 9:00, Consumer Confort Index @ 9:45, Nat. Gas Report @ 10:00, 7-Bond Events at 11:00, Fed Balance Sheet & Money Supply @ 4:30 none of which are expected to move the market.

On the Earnings Calendar, we have 19 companies fessing up to their quarterly results today. Among them are KR and DRI before the bell with RHT reporting after the close today.

Action Plan

The pop and drop in the DIA yesterday left index teetering on its 50-day moving average while the QQQ and IWM reached out for new record highs. The SPY closed just slightly positive holding onto a sliver of the morning gap at the close of trading. Unfortunately, the Futures turned south during the evening and currently suggest the Dow will gap down at the open below its 50-day average as trade war jitters continue to weigh on international companies. While the Dow declines, it’s interesting to note that the VIX is fell back below a 13 handle yesterday as fear seems to remain in check.

As the weekend approaches and trade tensions continue, I will become more and more cautious about adding additional risk and will more inclined to reduce risk. With big daily gaps possible and an uncertain weekend of tariff threats I know I will sleep better and enjoy my weekend more if my capital is safely resting in the account. It’s true I could miss out on a surprise market rally but entering a little late is always easier than getting out when it’s too late.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/Eh9NdAftNqE”]Morning Market Prep Video[/button_2]

Out of The Office 2 Days

June 21, 2018 by Rick Saddler

Out of The Office 2 Days

We will be out of the office for two days Thursday and Friday, June 21 and 22 2018.

TV202 Trade Plan Right Here

HRC Monthly Trading Results Right Here

HRC Current Trading Results January 1, 2018, to June 21, 2018, • Plus 240% or $12,085 profit.

Monthly • Quarterly • Semi-Annual • Annual

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 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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June 19, 2018 HRC & RWO Joint e-Learning

June 20, 2018 by Ed Carter

Trading Basics: Price Action, Trend, Support/Resistance

In this video, Doug Campbell discusses the basics of trading…keeping it simple! Specifically, he reviews Price Action, Trend, Support and Resistance using dozens of charts to help layout potential trade setups.

1 hour 24 minutes

[video_player type=”embed” style=”1″ dimensions=”custom” width=”640″ height=”480″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player]

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

Trade Alert

June 20, 2018 by Doug Campbell

Good Morning team.

The markets are moving fast this morning so I hope you had some alerts set and are making money this morning.

DDD has broken out of my alert and even-though it moved quickly I still think its trade-able as long as it fits your risk tolerance. Consider the AUG 13 Strike Calls with an initial stop at $13.80.

TEVA also triggered my alert this morning and is looking higher. Consider the SEP 22 Calls with an initial stop of $22.30.

Remember all trade ideas are for your evaluation and consideration.

KHC Setup and Trade Plan

June 20, 2018 by Ed Carter

Today’s Featured Trade Idea is KHC.

To read more about this trade, see Rick’s blog post here. However, members can listen to his detailed analysis 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.

KHC has been forming a bottom for 3 months. It is now in both a Rounded Bottom Breakout and Inverted Head & Shoulders pattern. Tuesday it printed a nice Bullish Engulfing signal. I will look for an Entry at Monday’s High with a Stop set below the Resistance Level broken Tuesday. The Targets used were defined as Support/Resistance levels using the 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 KHC Trade Setup – As of 6-19-18

The KHC Trade Plan

Note how Trader Vision 20/20 does so much of the work for you. As we see above, Trader Vision shows you that the stock only needs to move 8.51% to make the Goal for the trade, while the anticipated second Target price would generate a 10.93% overall gain. We also see that the Risk is low and the potential Reward decent. 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/epgcdgi9bAc” new_window=”Y”]Trade Plan 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]

Testimonial

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KHC Rounded Bottom Breakout

June 20, 2018 by Rick Saddler

KHC Rounded Bottom Breakout

KHC a Rounded Bottom Breakout pattern/strategy has presented it’s self as a possible trade. With an Inverted Head and Should chart pattern and a breakout of the 50-SMA and price action leading the way, KHC looks bullish to us. The Bullish Engulf yesterday closed over minor resistance the Dotted Duece and 200-SMA are now target areas. Minor pullbacks are normal and welcomed.

KHC Trade Plan Right Here

HRC Monthly Trading Results Right Here

HRC Current Trading Results January 1, 2018, to June 19, 2018, • Plus 240% or $12,085 profit. Learn and Earn with us.

Monthly • Quarterly • Semi-Annual • Annual

SPY

Yesterday the SPY what pushed down to the 34-EMA and the May support line where is found a few buyers hanging out. During the day price action worked it was self up and closed back over the 20-SMA. So far the morning futures are leaning toward the buyer’s side. If yesterdays low holds we are building a nice higher low higher high stair step. Remember it the base hits that count

VXX – The VXX tried yesterday but no real success

Rick’s Trade-Ideas Reserved for Members

Focus Trading Education

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

Testimonial

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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