FRPT Setup and Trade Plan

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Today’s Featured Trade Idea is FRPT.

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.

FRPT has been in a strong Bullish Trend for months. In the last week, it pulled back forming a PBO and bounced up off the trend line again.  I will look for a Doji Continuation signal to for Tuesday with an Entry up at about $29.65 and a Stop about $28.60. At all-time highs, I’ll use Fib Targets at about $32.35 and $33.70.

Trader Vision 20/20 tells us we have 3 weeks until the next expected earnings announcement, with many Bullish Conditions in favor of the trade.  It shows us that we can take $157.50 in Risk for a chance to make 2.57:1 ($405 at Target #1) or 3.21:1 Reward/Risk ($506.25 at Target #2). TV20/20 also tells us price only needs to reach $31.98 to achieve our Trade Goal.

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  FRPT Trade Setup – As of 7-16-18

FRPT as of 7-16-18

 

The Trade Plan

FRPT Plan for 7-17-18

 

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/oTHiyJ8YwN8″ new_window=”Y”]Trade Plan Video[/button_2]

 

Put the power to Trader Vision 20/20 to work for you…

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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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FRPT Riding the Back of The T-Line Trends With Benefits Workshop • Trading Freedom

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FRPT Riding the Back of The T-Line

FRPT has been riding the back of the T-Line for the last 3-months. About a week ago FRPT met with a little trouble and is now creating a J-Hook continuation pattern. 5-days down, 1 Hammer and a follow through. We are looking to risk about 3.5% for almost 14% reward. An entry over $29.65 would turn the V-Stop from Red to Green.

For more details on the FRPT trade, please click the following link. Get the complete details TV2020 trade plan right here

Past performance is not indicative of future returns

Good Trading Rick

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SPY • Bullish But…

If it weren’t for the banks yesterday, we could have called off the day completely, so boring. The SPY is trying to works it’s way up through the $280.15 resistance, but this $280.15 area has proven to be a little stubborn. On the positive side, the price is still riding above the T-Line. As long as the price can hold the T-Line, we will remain cautiously bullish. A close below the T-Line will likely lead to $275.40

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.

 

 

Flirting with the Rounded Bottom Breakout Strategy Read about the bonus below

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Flirting with the Rounded Bottom Breakout Strategy

MTW has been flirting with the Rounded Bottom Breakout strategy for the past few weeks. MTW gapped over the 50-SMA on June 6th  and had held up pretty well walking the 50-SMA. The base it has been constructing and the strong price action Friday is suggesting the buyers are trying to push MTW higher. By following the RBB rules and strategy, we could see a 20% stock profit.

For more details on the MTW trade, please click the following link. Get the complete details TV2020 trade plan right here

Past performance is not indicative of future returns

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

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SPY and Wall of Worry

Last week the SPY was able to climb the wall of worry by 1.5% stopping at the gate that has kept the bull pinned up three other times. The buyers have had trouble this year breaking through the $280.15 gate. If the buyers didn’t find a way to get through the gate they may have to 3back off to about $277.15 under $275.50, I would be a little concerned that the bear is attacking the bull.

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.

 

 

Earnings Session

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Earnings Session

Earnings SessionAs we begin this earnings session, the DIA and SPY are challenging important resistance levels while the QQQ is at new record highs.  We can expect the Futures to be volatile and the likelihood of significant morning open gaps as the market reacts.  Earnings season can be very challenging but can also be very rewarding.  Here are a few ideas that have served me well during earnings.

  1. Never be caught off guard. Always know when a company your holding or one you’re considering to purchase is reporting earnings.
  2. Turn of the News. Remember the mainstream financial new is about entertainment and advertising.  If you get caught up in the hype and drama, your trading will be affected.  (I only watch the headlines and form my own opinion based on actual price action)
  3. Focus on the chart patterns and the price action and avoid trying to predict how the market will react to an earnings report.
  4. Stick to your rules and plan each trade. Always remember trading is a business and emotional decision making has no place in business.

On the Calendar

The Monday Economic Calendar starts the week with three market-moving reports.  At 8:30 AM, we will hear from Retail Sales that expects a sizable 0.6 percent headline gain according to consensus.  Also at 8:30 AM, the Empire State Mfg Survey, is expected to remain strong but decline slightly to 21.0 vs. June’s 25.0 reading.  The at 10:00 AM, Business Inventories are expected to increase by a healthy 0.4% according to forecaster estimates.  To finish up the calendar day we have, we have a Bond Announcement at 11:00 AM, and two Bond Auctions at 11:30 AM.

On the Earnings Calendar, we have 26 companies reporting.  Before the bell, we will hear from BLK, BAC & JBHT.  After the bell most notable is NFLX.

Action Plan

With a busy Economic Calendar, this morning and big earnings report’s, the market will have plenty of data to react to this morning.   If that were not enough the news could also be a factor as the President meets with Russian Leader Vladimir Putin in Helsinki today.  Futures are currently pointing to a slightly bullish open as but that could easily change with each report.

Earnings Season can be challenging for traders due to the uncertainty and volatility they can create.  Large morning gaps can become the norm as the market reacts to the results so plan your risk accordingly.  If you watch financial news networks, guard yourself against being caught up in the drama and the ridiculous predictions which no one is ever held accountable.  Focus on the chart patterns and price action setting aside personal bias as you plan each trade.

Trade Wisley,

Doug

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MTW Setup and Trade Plan

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Today’s Featured Trade Idea is MTW.

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.

MTW has put in a bottom and broken into a Rounded Bottom Breakout pattern. It held the 50sma Friday while putting in a Bullish Engulfing signal. I will look for an Entry on positive trading using obvious potential Resistance as the target prices.

As we can see, Trader Vision tells us MTW does not report earnings for another 3-4 weeks. It also shows that this ticker has many Bullish conditions and few Bearish ones.  In addition, we see that this Trade Plan allows us to Risk less than $100, for a chance to make almost $400 at Target #1 and $566 if both Targets are reached. That would allow us to make the Trade Goal even before Target #1 and give us 4:1 Reward/Risk at Target #1 or 5.81:1 if Target #2 is reached. A very nice setup/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  MTW Trade Setup – As of 7-13-18

MTW as of 7-13-18

 

The Trade Plan

MTW Trade Plan for 7-16-18

 

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/8-OAj-CZB_E” 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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Trends With Benefits Save 15% Last Day Earnings and Banks Report

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Friday, July Thirteen

This past week has been a pretty jerky for the market, up down up and the SPY fighting resistance at the $279.00 / $280.00 level. Our Red, White, Blue trend chart is pointing sideways/up with yesterday’s close buy the VT chart I have been watching is pointing sideways / down. The VT chart is the Vanguard Total World Stock ETF. I find it very useful when I think about the world trading and the weight or lack of weight on the US market. For now, the charts (SPY, IWM, QQQ, DIA) are suggesting bullishness with a tremendous amount of caution, especially with trade agenda.

TCP – Trader Vision Trade Plan Click Right Here

Trading Results

The past six months of trading has been pretty good if your trading foundation was solid and you stuck to your rules. Even with the SPY closing below it’s May high our Road To Wealth Account increased by another 16% and for a YTD increase of 198.95% to see the results and the account Click Right Here

HRC Trading Tools I Use

Every Day Charting – TC2000

Trade Planning – Trader Vision 2020

Trading platform and Brokerage

  • Trading Platform – TradeHawk
  • Brokerage – Tradier
  • Stock Only Trades – Flat $16.00 per month
  • Stock and Option Trades – Flat $159.00 per month

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

Trend With Benefits WorkShop July 26, 2018

Doug is a successful stock and options trader and heads up the Right Way Options Trading Room. He has been involved in the market for 28 years and has fully supported his family from trading profits for the past 13 years. Doug is a master of trading trending charts and taking advantage of the benefits they offer. He uses simple ‘Naked Charts’ with minimal indicators and the focus on the most important element of trading – Price. Helping other traders realize their dreams is Doug’s way of paying it forward. Take advantage of this learning opportunity from someone who has done the work to create success in trading.

 

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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Earnings Season Begins

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Earnings Season Begins

Earnings SeasonYesterday’s big overnight reversal brought out the Bulls as the market shook off trade war jitters and turned it’s focus to earnings season.  The NASDAQ set and a new record high with MSFT, AMZN, GOOG and FB leading the way record high prices at the close.  Now the big question is can the Bull follow-through to close the week with another gain or will we see some profit-taking ahead of the weekend?

A lot will depend on how the market reacts to the earnings reports from JPM, C, PNC, and WFC which all report before the bell.  The DIA and SPY closed yesterday near significant price resistance levels.  Can the Bank earnings provide enough inspiration to pop through?  That would sure be nice, but there is no need to predict is we simply stay focused on price action and follow the clues it provides.  The good news is that the market is showing strength and just maybe the trade war chop will fade into the background for a little while.

On the Calendar

Import and Export Prices kicks off the Economic Calendar on Friday at 8:30 AM Eastern.  According to Consensus, June will see an increase of 0.1 percent for import prices and 0.3 percent gain for export prices.   Consumer Sentiment at 10:00 AM expects a strong 98.4 print in this preliminary reading in July.  After that, we have the Fed Semiannual Monetary Policy Report, a Fed Speaker at 12:30 PM and at Baker-Hughes Rig Count at 1:00 PM, none of which are likely to move the market.

Today is the official kick off the 3rd quarter earnings.  We will hear from, JNJ, C, PNC, and WFC before the bell and will be the most notable reports of the eight companies reporting today.

Action Plan

After yesterdays very strong rally led by the NASDAQ which made a new record high, we face the kickoff the 3rd Quarter Earnings.  As I write this Futures are just slightly positive, but likely to bound around a lot with several big banks reporting before the bell.  If they happen to exceed the market’s expectations, we could see a gap up open but if they disappoint a gap down at the open could be the result.  Only time will tell, and as retail traders, all we can do is wait, watch and then determine the best course of action.

To avoid some of the uncertainty, I mentioned that I would likely close or take partial profits on positions which I did do before the yesterdays close.  Normally Friday is profit-taking-day for me so I will likely continue banking gains today to reduce my weekend risk.  Keep in mind the DIA, and the SPY are facing significant price resistance levels this morning.  After such a big move yesterday a pullback would not be out of the question, but if the big banks beat the market’s expectations this morning, perhaps the bulls will find the inspiration to follow-through higher.  I wish you all a great day and a fantastic weekend.

Trade Wisely,

Doug

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