Falling Three Methods Pattern

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Last Updated: January 20, 2017

The three-card monte, three ghosts in A Christmas Carol, three-legged races, three-ring circuses, the Holy Trinity, the primary colors, the number of sides and corners in a triangle, three strikes before you’re out  . . . we’ve already discussed the significance and prominence of the number three in our previous blog post, but it’s worth restating just how influential and common this numeral is. Whether three is your lucky number or not, we urge you to add the Falling Three Methods pattern to your Japanese candlestick repertoire. To learn what this signal looks like and what it means for the market, simply scroll down.
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Morning Video 01-20-17 Posted at 7:54 AM EDT

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Good Morning traders and Happy Friday!

Today is inauguration day for the 45th U.S. President and the entire world will be focused there rather than the stock market.  There will be a lot of warm and fuzzy speeches as well as a lot of talk of gloom and doom.  Futures are basically flat this morning and I would expect today to be about like a major holiday, slow and choppy.

There are a couple Fed speakers today but I doubt anyone will be listening to them.  Even the earnings calendar is light this morning with only 13 company’s reporting.

Please, please, please, don’t be in a rush to find new trades today.  Sit on your hands and manage the positions that you are in.  If you have something to do that you have been putting off, today might be the day to get it done.  Other than that pop some corn, put up your feet and watch the show.

Rick will not be in today so we will do the best we can to cover the main room today.  Please keep him and his family in your thoughts and prayers during this difficult time. If you want to send cards to Rick he as given this address for that purpose; Rick Saddler, 3160 E. Shalimar, Springfield MO., 65804.

May the road rise up to meet you and wind always be at your back.  Have a great weekend everyone!

Trade Wisely,

Doug

Click Here to Watch the Morning Video

Public Swing Trade Ideas 1-19-2017

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HRC Member’s – Go to the members’ area for today’s stock picks Members Link

Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
PODD Long
Conditions: Recent breakout | 3-day Doji continuation pattern | PBO

From a bull’s eye:
SPY is still holding it’s sideways direction and that’s good because there are a ton of good bullish charts to trade. Take a look at your breakout patterns, you will see there are some very good setups.
There are 2 SPY levels we are keeping a close eye on, $225.15 and $222.70

The ETF – GLD is consolidating within a bullish trend. Dollar Index Fund – UUP found a little support and bounced within a bearish trend.

 

 

 

Member’s Recent Trade Picks:

  • ZYNE popped 15.18%  –  one of our signature chart patterns
  • JAZZ took another 11.28% step with 17.96%  at close – one of our signature chart patterns
  • ICON moved another 1.73% with 13.49% at close- one of our signature chart patterns
  • We teach how to find, plan, trade, and profit

Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
Today’s stock picks are reserved for subscribed members

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Member’s Swing Trade Ideas 1-19-2017

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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
PODD Long
Conditions: Recent breakout | 3-day Doji continuation pattern | PBO

From a bull’s eye:
SPY is still holding it’s sideways direction and that’s good because there are a ton of good bullish charts to trade. Take a look at your breakout patterns, you will see there are some very good setups.
There are 2 SPY levels we are keeping a close eye on, $225.15 and $222.70

The ETF – GLD is consolidating within a bullish trend. Dollar Index Fund – UUP found a little support and bounced within a bearish trend.

 

 

Member’s Recent Trade Picks:

  • ZYNE popped 15.18%  –  one of our signature chart patterns
  • JAZZ took another 11.28% step with 17.96%  at close – one of our signature chart patterns
  • ICON moved another 1.73% with 13.49% at close- one of our signature chart patterns
  • We teach how to find, plan, trade, and profit

Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
Today’s stock picks are reserved for subscribed members

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Morning Video 01-19-17 Posted at 7:51 AM EDT

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Good Morning traders, I hope this note finds you happy, healthy and rested.

We continue to remain in a very dull choppy market.  I’m not sure what the market is waiting for but without question, it’s stuck between a narrow support and resistance zone making it difficult to trade.  Finding tradeable stocks is not the problem but finding stocks with enough momentum to make any money on them is the issue.

We have several items on the economic calendar this morning that could still move the futures around in the premarket but as of now we are pointed to a slightly bearish open.  The oil status report at 11 eastern could prove to be very important today.  As you all know oil has been slipping lower so a report showing a decline in supply could really be helpful to the overall market lifting oil prices.  Of course, if it were to show a build then the selling that could happen in oil could push the market lower.

I plan to remain cautious and will not be looking to add additional risk in a 50/50 dull action overall market.

Have a great day!

Trade Wisely,

Doug

Click Here to Watch the Morning Video

Public Swing Trade Ideas 1-18-2017

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HRC Member’s – Go to the members’ area for today’s stock picks Members Link

Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
AAOI Long
Conditions: T-Line® crossed 34ema| Breakout | Flag | 3-day Doji continuation pattern

From a bull’s eye:
SPY – No change, sideways with minor cracks. IWM – Lower highs, below T-Line®, attracting sellers. DIA – Chart looking toppy, below T-Line®, starting to attract flies. QQQ –  Price leading the T-Line®, bulls still in control. GLD – Tagging resistance, PBO setting up. UUP – Relief rally is likely, nearing minor support.
 

 

 

 

Member’s Recent Trade Picks:

  • NUGT popped another 7.94% with 19.52%  at close –  one of our signature chart patterns
  • DYN took another 5.68% step with 12.77%  at close – one of our signature chart patterns
  • IMGN popped 5.35% with 23.08% at close- one of our signature chart patterns
  • We teach how to find, plan, trade, and profit

Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
Today’s stock picks are reserved for subscribed members

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Member’s Swing Trade Ideas 1-18-2017

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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
AAOI Long
Conditions: T-Line® crossed 34ema| Breakout | Flag | 3-day Doji continuation pattern

From a bull’s eye:
SPY – No change, sideways with minor cracks. IWM – Lower highs, below T-Line®, attracting sellers. DIA – Chart looking toppy, below T-Line®, starting to attract flies. QQQ –  Price leading the T-Line®, bulls still in control. GLD – Tagging resistance, PBO setting up. UUP – Relief rally is likely, nearing minor support.
 

 

 

 

Member’s Recent Trade Picks:

  • NUGT popped another 7.94% with 19.52%  at close –  one of our signature chart patterns
  • DYN took another 5.68% step with 12.77%  at close – one of our signature chart patterns
  • IMGN popped 5.35% with 23.08% at close- one of our signature chart patterns
  • We teach how to find, plan, trade, and profit

Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
Today’s stock picks are reserved for subscribed members

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Morning Video 01-18-17 Posted at 7:53 AM EDT

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Good Morning everyone and Hump Day!.

Yesterday the market seem to be in limbo with light volumes and very small price moves.  Perhaps the market is waiting to see more earnings results before making a decision of direction or maybe the market is simply waiting for the new president to get started.  Whatever the reason may be w continue to be locked into a small range of sideways chop and forcing us to have a heightened level of confidence.

Today we have several big earnings such as C and GS prior to market open and NFLX after the close today.  Big pre-market earnings reports have the potential of moving the futures around so the open today I think is still up in the air and anything is possible.  We also have a very busy economic calendar today with CPI, Industrial Production and Janet Yellen speaking this afternoon as the most likely of to move the market.

I believe we must continue with our heightened caution.  This means we need to choose carefully the stocks we trade, perhaps trade them smaller and have a willingness to take profits sooner if the market does suddenly pick a direction.

I wish you all a productive day!

Trade Wisely,

Doug

Click Here to Watch the Morning Video

Public Swing Trade Ideas 1-17-2017

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HRC Member’s – Go to the members’ area for today’s stock picks Members Link

Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
DPLO Long
HRC Signature Pattern: RBB | Above T-Line™
Conditions: Supporting Bottom | Bullish Harami | Doji Continuation | Breakout

From a bull’s eye:
Last week I mentioned that the market had developed a few cracks, cracks that can be fixed, but the bulls needed to get to work. Overall price is still holding in a sideways pattern, you can see it on our charts in the trading room.
A few important support numbers for 3 indices are: SPY $222.70,  IWM $133.60,  DIA $196.90.   Friday price managed to close near or above our T-Line™, today and this week
 

 

 

Member’s Recent Trade Picks:

  • DXCM popped 25.91% and closed at 26.98% –  one of our signature chart patterns
  • CYH took another 5.32% step, now at 11.24%- one of our signature chart patterns
  • QHC popped 4.84%% – one of our signature chart patterns
  • We teach how to find, plan, trade, and profit

Member’s Stock Picks Below
Members Daily Trade Ideas. Be aware of sudden market changes!
Today’s stock picks are reserved for subscribed members

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