TCP Setup and Trade Plan

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With the “tweet storm” / trade war fears making sitting on our hands the wise move earlier this week, I decided to put out a trade idea for Friday.  Just consider the extra “headline risk” of opening a new position in front of the weekend.  Personally, I see this diminished with the President out of the country and focused on other topics.

Sp., today’s Featured Trade Idea is TCP.

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.

TCP has broken into an RBB pattern, printing a Doji Continuation (Sandwich) signal and proving the breakthrough level as Support on Thursday. I’ll look for an inside day Entry with a Stop below Thursday’s candle and a first Target up at $30.75. The second Target will fill the gap up at $34.30.  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  TCP Trade Setup – As of 7-12-18

TCP as of 7-12-18

 

The Trade Plan

TCP Plan for 7-13-18

 

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/FYWpQ_7ARBg” 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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TNDM Has Been Riding the T-Line Benefits of a trend "Money"

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TNDM Has Been Riding the T-Line

TNDM has been riding the T-Line showing us what a great trend looks like. If you switch to a 2-day chart, you can see a beautiful Bullish Inverted Head and Shoulder pattern with a Doji Flag Bullish Engulf pattern. I am bullish on the chart and buying bullish above $24.50 and a short to a medium-term target zone of about 30% with a larger longer-term target.

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TNDM Has Been Riding the T-Line

With less than 5% risk and about 30% plus reward, we believe TNDM is a perfect candidate for our watchlist. Get the complete trade 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

SPY, Be Ready To Dance

We gap down we gap up yadda yadda yadda, bullish follow through and close above $278.40 would suggest the bulls have come back to the game. Yesterday’s price action held the 23.6 Fib retracement and above the T-Line. I am very surprised that we are gapping up this morning and not meeting up with the T-Line. Remember price is king and always be ready to dance with it.

VXX – The VXX is still below the T-Line trying to put together a team.

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.

 

 

Bullish Overnight Reversal

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Bullish Overnight Reversal

Bullish Overnight ReversalAfter witnessing sellers in control at the close yesterday, seeing the Dow Futures pointing to more than a 150 point bullish overnight reversal is a nice relief.  If buyers step in supporting this gap, then the Dow has successfully held it’s 50-day average.  However, we need to keep in mind that nothing has changed on the trade war front and remember gaps invite the possibility of whipsaw price action and exercise a little caution at the open.

Remember 3rd Quarter Earnings officially kick off Friday with JPM, C, PNC and WFC all reporting before the bell.  There seems to be a great deal of anticipation of good results this quarter.  Perhaps the banks can provide just enough inspiration for the bulls to hold today’s gap and push the market higher to close the week.  Only time will tell.

On the Calendar

W have two market-moving reports to kick off the Economic Calendar at 8:30 AM Eastern this Thursday.  First up is Consumer Price Index that consensus suggests a 0.2 percent gain in June with a core number also up 0.2 percent.  Year-on-year PPI expects a one-tenth increase to 2.9 percent.  Next is the Weekly Jobless Claims which forecasters expect a decline to 225,000 from last weeks reading of 231,000 as labor demand remains very strong.  At 2:00 PM we will get the Treasury Budget which is expecting a monthly deficit of 91.0 billion.  W have 2 Fed Speakers today at 12:15 PM and 8:00 PM, several non-market-moving reports, and four Bond Announcements to finish up the busy calendar day.

On the Earnings Calendar, we have 19 companies reporting with one of the most notable being DAL before the bell.  Keep in mind earnings season officially kicks off on Friday with several big banks reporting.

Action Plan

The ugly price action yesterday seems to have inspired the bulls to get moving this morning.  Asian and European markets are both higher overnight and the Futures are currently pointing to a substantial gap up open.  As I write this, the Dow Futures suggest better than a 150 point reversal of yesterdays close.  As always be careful about chasing gap, but if we see buyers stepping in to support the gap, then the Dow has at least for now passed the test of holding its 50-day average.  A good sign indeed.  However, it’s always wise to watch for the potential whipsaw after a gap that could bring prices right back down.

There seems to be a great deal of anticipation of strong earnings this quarter with some of the big techs simply rejecting yesterdays selloff and moving higher.  If the bulls do show support today and with some good big bank earnings on Friday we still have the chance of closing this week on a high note.  Let’s keep our fingers crossed.

Trade Wisely,

Doug

[button_2 color=”green” align=”center” href=”https://youtu.be/Ab5cL6-qkd0″]Morning Market Prep Video[/button_2]

TNDM Setup and Trade Plan

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Today’s Featured Trade Idea is TNDM.

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.

It appears we are gapping higher this morning (as of 7am), so I guess Trade War Fear is only a one-day illness for the market.  With the Bulls looking to come back in, I am looking at the TNDM setup.

TNDM is working on a J-hook (near b/o) and printed a Bullish Engulfing signal (of a Doji) on Wed. Not bad in the face of a Bearish day.  I will be looking for a b/o Entry using the teal line of recent resistance as Support to protect my Stop. The first Target will be the 23.6% Fib Extension (after a 38.2% retrace) and the 2nd Target up where the 38.2% extension matches well with a Weekly S/R level.  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  TNDM Trade Setup – As of 7-11-18

TNDM as of 7-11-18

 

The Trade Plan

TNDM Trade Plan for 7-12-18

 

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/b6qzxU8cEQ4″ 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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Good Morning team.

Markets are pulling back due to more trade war jitters but this pullback has setup a couple trades in XLK and XLE.  Please keep in mind my intention is to try and hold them through earnings session because I believe these sectors will produce good earnings.  I have no idea if my assumption is correct so you may choose not to take them.

On XLK consider the SEP 68 Calls.  The 67 strike would work as well.  I will place my initial stop at $70.10 to allow the ETF a little room to move.  If it does move up we will then consider selling some calls against the position.

On XLE consider the SEP 73 Calls.  My initial stop will be at $75,00.  Once again if the price moves up we will look to sell calls against the position.

Remember all trade ideas are for your evaluation and consideration.

Trade War Strikes Again

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Trade War Strikes Again

trade warIn yesterday’s blog and video, I made mention of the fact that nothing had changed in the so-called trade war and to be careful as we approached price resistance in the index charts.  Obviously, price action is not predictive of political speed bumps, but it did let us know prices were a bit overextended in the short-term.  I also mentioned yesterday the powerful emotion created by the “fear of missing out.”

We see the index ripping higher, and traders get that ugly feeling that you’re missing everything.  Even though the rally is well underway our vision becomes clouded by this strong emotion causing to chaise, and buy at or near price resistance.  Unfortunately, this bad habit is often quickly punished as the stock or the index pulls back, and you have to watch your capital disappear.  It’s a tough lesson to learn, and I hate to think about all the money I lost over the years as the market beat this lesson into my thick head.  A rule that has served me well is to sell stocks at or near price resistance, don’t buy at or near resistance.

Due to loss of power I will have to cut this short the blog short this morning as I’m running our of time.

Trade Wisely,

Doug

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

Be Patient Don’t Chase Benefits Of A Trend Workshop 7/26/18

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Be Patient Don’t Chase

Be patient and don’t chase (easier said than done for most traders). But more money and fewer loses are the likely outcomes. Trade patients are what today and maybe the next few days will be about, remember all the trading rules you have sworn to practice? This this the kind of day that requires those rules.

  1. Look for charts trending
  2. Look for profit taking to trend
  3. Look for support
  4. Look for a buying pattern

This is exactly what the team at Hit and Run Candlesticks/Right Way Options does. We can prove it works and we can back it up with our trades. Remember to keep trading as simple as possible and use common sense.

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. As of 7/10/18, our: “Road To Wealth” account is up 225%

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

SPY 

Yesterday in the trading room I posted a poll to the members, the pol was: will the SPY close over $276.55 Friday? With the SPY’s last 3-day parabolic move to resistance and yesterday’s narrow range the probability was very high we would see a little profit-taking. A close below $276.55 would surely bring $275.35. The profit taking we will see the next day or two may be a good buying opportunity but wait for support and a buy signal. FYI we did take a VXX position yesterday.

VXX – Yesterday we took a trade on VXX on anticipation of an oversold bounce. If VXX can get through and hold $33.75 my plan would be a run for $34.85.

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.

 

 

Public e_Learning 7-10-18

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How to Dissect and Trade a Naked Chart

In this video, Doug Campbell discusses how to interpret and trade a “naked” chart.   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 38 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

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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

[testimonials style=”8″ margin_top=”” margin_bottom=””][testimonial name=”Alan%20Helmstetter” company=”” href=””]%3Cp%3EI’ve%20been%20managing%20my%20own%20money%20for%20many%20years%20and%20have%20been%20interested%20and%20dabbled%20in%20trading%20stocks.%20I%20joined%20some%20services%20over%20the%20years%2C%20but%20none%20worked%20for%20me.%20I%20am%20getting%20closer%20to%20retirement%20and%20wanted%20to%20learn%20more%20about%20trading%20stocks%20as%20something%20to%20do%20in%20retirement%20and%20to%20supplement%20income.%20I%20learned%20all%20about%20candlesticks.%20Did%20much%20paper%20trading%20of%20stocks.%20Results%20were%20good%2Fbad%20and%20never%20got%20ahead.%20Came%20across%20a%20free%20HRC%20webinar%20and%20really%20liked%20the%20approach.%20Joined%20a%20month%20trial%20and%20also%20attended%20an%20RWO%20webinar.%20Decided%20to%20join%20RWO%20because%20of%20the%20options%20approach%20and%20have%20been%20a%20member%20for%20four%20months.%20Rick%20and%20Doug%20are%20the%20real%20deal.%20Both%20are%20amazing%20at%20reading%20charts%2Fprice%20as%20well%20as%20teaching%20their%20expertise.%20In%20the%20daily%20chatroom%20you%20will%20get%20potential%20trades%2C%20but%20more%20importantly%2C%20you%20will%20become%20part%20of%20a%20team%2C%20learn%20how%20to%20identify%20trades%20and%20even%20more%20importantly%20how%20to%20properly%20plan%20and%20manage%20trades.%20You%20know%20the%20adage%20–%20%22You%20give%20a%20man%20a%20fish%2C%20and%20you%20feed%20him%20for%20a%20day.%20You%20teach%20him%20to%20fish%2C%20and%20you%20give%20him%20an%20occupation%20that%20will%20feed%20him%20for%20a%20lifetime.%22%20%3Cstrong%3EGive%20them%20a%20try%20you%20will%20not%20regret%20it!%3C%2Fstrong%3E%3C%2Fp%3E%0A

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