Free Trading Education and Trade Ideas Free Trading room today

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Free Trading Education and Trade Ideas

Free trading education and free trade ideas in the trading room today, Thursday and Friday this week July 3 through July 5th. Today is only ½ a day trading, so we have chosen not to post any trade ideas. However, I do have a few on the watchlist I will share at this mornings live planning. Remember we have opened the trading room up to the public for the rest of this week, I hope you get a chance to drop in for a while. Happy 4th of July to everyone, enjoy and be safe.

Free Live Trading Room, Right Here

Trader Vision Trade Plan Right Here

HRC Monthly Trading Results Right Here

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

SPY Bounced

Yesterday the Spy bounced closing up .21% and right at the 50-SMA, so the question now is will the bouncing buyers have the energy to close us over yesterday’s high going into the 4th of July? About $273.65 still represents resistance that the buyer and seller will need to negotiate. A chart that I watch is VT (Vanguard Total World Stock ETF) it is below the 50-SMA and the trendline connecting April and May lows. The Red White and Blue active trend chart are still pointing down.

VXX – Red White Blue chart has not turned bearish just yet

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

 

 

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.

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No Featured Trade Short-Day Pre-Holiday Break

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There is no Featured Trade Idea today.

With markets only open until 1pm Eastern and having been a “chop fest” the last week, there is no reason to consider a new position today.

You can read more in Rick’s blog post here.  Members can also see his detailed market and stock review in the trading room at 9:10am Eastern.

 

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]

 

With market action expected to be very light on half-day Tuesday (in front of the July 4th Holiday) we are opening up the trading room to the public.  So, please be our guest and join 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: 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

 

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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ANF Setup & Trade Plan

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Today’s Featured Trade Idea is ANF (Short).

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.

ANF printed a Doji Continuation (sandwich) signal Friday inside a Rounded Top Breakdown pattern. Using a tight Stop (above Resistance) I have planned a 3 target potential trade that can give us 2:1 Reward/Risk at the first Target and 3:11:1 if all 3 Targets are reached. 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 ANF Trade Setup – As of 6-29-18

ANF Setup as of 6-29-18

 

The ANF Trade Plan (Short) for 7-1

ANF Short Plan for 7-1-18

 

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 2:1 and 3.11:1 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/lA3qii87w1I” 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]

 

With market action expected to be light on 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: 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

 

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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Trading or gambling.

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Trading or gambling?

Trading or gamblingWith all the political uncertainty and facing a mid-week holiday are we trading or gambling.  We have had almost two weeks of significant daily gaps and whipsaws, and that trend looks continue this morning with about a 150 point gap down in the Dow.  Unless you believe one of the countries involved in this tariff standoff throws up there hands and says, ‘you win, we give up.”, then it would seem that the erratic price action will continue to elevate risk.

How much of your capital are you willing to risk when there is little to edge?  I know standing aside is a very hard thing to do but if your capital continues to disappear in this environment.  However, if you continue doing the same thing over and over why should you expect a different result?  So I ask again, are we trading or gambling?

On the Calendar

We start this Holiday week with three potential market-moving reports on the Economic Calendar.  At 9:45 AM Eastern the PMI Manufacturing Index seems may be losing a bit of momentum with a June reading of 54.6 with consensus pointing to tariff effects.  The ISM Mfg. Index at 10:00 AM expects a slight decline to 58.3 in June vs. the 58.7 reading in May according to forecasters.  Also at 10:00 AM consensus expects an increase of 1.8 in April with the overall number to be GDP positive up 0.6 percent in May.  After that, we have three bond auctions to finish up the calendar day.

Action Plan

With new tariffs kicking in and the new threat of 300 billion more out of Europe my glad I exercised caution an avoided adding new risk ahead of the weekend.  The uncertainty created by daily morning gaps has created a dangerous environment for swing and position traders.  Add volatility to an already short holiday week where volumes will likely be light the risks for swing traders only grows.  The fact is the current market enjoinment is more akin to gambling that it is to trading.

Currently, the Dow Futures indicate a gap down of nearly 150 points wiping out all of the Friday gains.  It would seem a retest of the 6/28 lows is possible, maybe even lower if that doesn’t hold as support.  With uncertainty so high I I’m already light in my account, and I think it highly unlikely that will change over the course of this entire week.  Considering the holiday and the large daily gaps, I have no edge.  If I wanted to gamble, I would go to Vegas where they would at least bring me free drinks for giving up my edge.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/DCjnMnXDeTo%20Publish%20UPLOADING%2032%25%20About%205%20minutes%20remaining.Some%20changes%20are%20not%20yet%20saved.%20Your%20video%20is%20still%20uploading.%20Please%20keep%20this%20page%20open%20until%20it’s%20done.%20Basic%20info%20Translations%20Advanced%20settings%20%20″]Morning Market Prep Video[/button_2]

ANF, (RTB) Rounded Top Breakdown Our Trading Room IS open to the public today

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ANF, (RTB) Rounded Top Breakdown

ANF is an (RTB) Rounded Top Breakdown chart pattern. Price has slid back down below the 50-SMA, and the Red, White and Blue trend chart looks like it’s following price lower. The Dotted Duece and SMA-200 are below $22.65 and $22.45 which might prove as support but that support is 7% and 16% away. The 6/21/18 Shooting Star was a failed high that has a lead price back below the 50-SMA. Follow through below $24.45 could lead to the bank.

ANF Trade Plan Right Here

HRC Monthly Trading Results Right Here

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

SPY Going Into This Morning 7/2/2018

My Red, White and Blue chart has gone to the dark side, the 3-EMA is trending below the T-Line, and the T-Line is trending below the 34-EMA. Until that trend changes to bullish, the sellers will have an easier time of keeping the Bull down. Friday the price action of the SPY closed below the 50-SMA, and the T-Line has dropped below the 34-EMA. I see a little support around the $267.50 area, but ultimately it’s up to the price. With the 4th being this Wednesday I doubt there will be too much going on in the market other than chopping around like a fish out of water. Use your best judgment; you know my feeling about this kind of market.

VXX – The VXX chart still looks bullish which translates to fear, which translates to sellers outnumbering buyers.

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.

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

 

 

Window Dressing?

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Window Dressing?

window dressingWith futures pointing to a positive open and the possibility of a little end of quarter window dressing remember to consider the weekend uncertainty and coming holiday as you plan your day.  Volume could quickly decline, and price action may become choppy for the next few trading days.   Remember the market closes Tuesday at 1:00 PM Eastern and is closed Wednesday to celebrate the 4th of the July.

Remember to use caution and watch for the possibility of whipsaw price action with the morning gap.  Carefully consider how much risk you want to carry into the weekend with the trade war uncertainty and a mid-week holiday directly after.  Even the best of the entry signals may find it difficult to find the energy to follow-through.

On the Calendar

We kick off the Friday Economic Calendar at 8:30 AM Eastern with the Personal Income and Outlays report.  Consensus expects a personal income & consumer spending increase of 0.4 percent in May.  The overall price index expects a year-on-year rate of 2.2 percent.  At 9:45 AM, the Chicago PMI, expects a strong but slightly lower June consensus at 60.1 vs. the 62.7 May reading due to rising costs and trouble filling open jobs.   The Consumer Sentiment number will remain very strong according to consensus which a June reading of 99.0.  To wrap up the calendar month, we have the Baker-Hughes Rig Count at 1:00 PM which is unlikely to move the market.

On the Earnings Calendar, we have 11 companies expected to report results today.  The most notable of the day is STZ which report before the open bell.

Action Plan

I read a report this morning that said the Futures are rising today due to easing trade tensions.  That seems unlikely to me because I’ve seen no change in the pressure applied by the White House.  Today is the last trading day of June, and the last day of the 2nd quarter, so the futures rally and be attributed to the end of quarter window dressing.  Whatever the reason Dow Futures are currently pointing to gap up around 100 points.  As you plan for the day, remember the rules about chasing a morning gap and watch the possibility of a whipsaw.

Also, keep in mind that today is a getaway day leading into the July 4th holiday.  I would not be surprised to see volume begin to fall off quickly and choppy price action to begin until we get past the 4th.  It would also be wise to think about how much risk you want to carry into the weekend.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/BluroqW0Az0″]Morning Market Prep Video[/button_2]

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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