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

 

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

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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Pressure to Trade.

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Pressure to Trade.

pressureSitting in front of your computer running scans and flipping through charts it’s easy to feel under pressure to trade.  As we sift through charts in a mad dash to find a trade we often fail to remember the condition of the overall market.  Currently, the market is under pressure and is in a short-term downtrend.  None of the major indexes produce a buy signal yesterday, and in fact, they all remained within their downtrends, and nothing changed the cloud of uncertainty that’s weighing on the market.

Patience and discipline are key qualities that all traders must possess.  As your looking for trade-able charts, make sure you are assessing the overall market condition.  Do you have an edge or are you a giving up your edge by forcing trades when the market is not favorable for your positions?  Remember trading is a marathon, not a sprint.

On the Calendar

The Wednesday Economic Calendar gets going with market-moving reports at 8:30 AM Eastern with Durable Goods Orders.  Consensus expects growth in with core capital goods orders increasing a modest 0.2 percent gain with ex-transportation numbers coming in up 0.5% in May.  Also at 8:30 AM is International Trade in Goods where forecasters expect the deficit to widen to 68. Billion in May vs. the 67.3 billion reading in March.  Pending Home Sales at 10:00 AM expect an increase of 0.6 percent in May but remaining overall flat for the year.  Then at 10:30 AM the last market-morning report of the day comes from the un-forecast EIA Petroleum Status Index.  Other than that we have Retail inventories & Wholesale Inventories @ 8:30 AM, two Fed Speakers at 11:00 AM & 12:15 PM and two Bond Auctions.

We have 20 companies on the Earnings Calendar today expected to report results.  Among those reporting PAYX, MON, GIS report before the bell while RAD, PIR, and BBBY report after the close.

Action Plan

With the modest bounce in the indexes, it was tempting to forget about trade war tensions and want to buy into the dip.  I continued to repeat the need for caution and as for myself added no new positions.  Sadly that appears to have been the right decision with the Dow Futures pointing to another gap down of more than 100 points at the open.  With a busy Economic Calendar and a few Earnings reports before the bell that could certainly improve or get worse before the open.

I will need to see more conviction from the Bulls to enter new long trades, and I will matain stick to my rules and resist chasing into short trades that have already made significant moves lower.  Trading is a marathon, not a sprint and you don’t have to trade every day to be successful as a trader.  Avoid anticipating or predicting bottoms and wait until price action confirms good entries.  Remember cash is a position and in times of market uncertainty, it may be the best position especially if you’re an inexperienced trader.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/VODy5pIMT_w”]Morning Market Prep Video[/button_2]

6-26-18 e-Learning Trading with Discipline

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Trading with Discipline

PatienceIn this video, Doug Campbell discusses trading with discipline.  The video covers topics ranging from Trend, Support and Resistance, being Patient and various tools you can use to help your trading.  Numerous charts are reviewed as current examples.

1 hour 29 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

[video_player type=”embed” style=”1″ dimensions=”custom” width=”640″ height=”480″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”]PGlmcmFtZSBzcmM9Imh0dHBzOi8vcGxheWVyLnZpbWVvLmNvbS92aWRlby8yNzcyMTE5ODEiIHdpZHRoPSI2NDAiIGhlaWdodD0iMzYwIiBmcmFtZWJvcmRlcj0iMCIgd2Via2l0YWxsb3dmdWxsc2NyZWVuPSIiIG1vemFsbG93ZnVsbHNjcmVlbj0iIiBhbGxvd2Z1bGxzY3JlZW49IiI+PC9pZnJhbWU+Cg==[/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

 

DO (Short) Setup & Trade Plan

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Today’s Featured Trade Idea is DO.

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.

DO printed a large Bearish Engulfing signal to enter a Blue Ice Failure pattern on Monday.  With overall markets also Bearish, I will look for a retest of the 50sma to get a better entry and use the failure at that level to protect my Stop above the 50sma.  While the pattern target is usually the 200sma, I will use a potential Support level between the two as Target #1.  Target #2 is also a potential Support area near the 200sma.  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 DO Trade Setup – As of 6-25-18

DO Setup as of 6-25-18

 

The DO (Short) Trade Plan

DO Trade Plan for 6-26-18

 

Note how Trader Vision 20/20 does so much of the work for you.  The anticipated second Target price would generate a 7.67% gain and the second target an overall gain of 9.52%.  We also see that 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/olsx0iLk_1A” 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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