Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ZOES Long | RBB | Bullish Engulf | Doji Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: The current chart pattern in the SPY suggests more continuation higher with possible light consolidation along the way.
$214.55 is still a major support line that the buyers are defending well. Over $217.10 would set and suggest a path for the SPY to follow DIA’s and IWM to all-time new highs.
Hit and Run Candlesticks is hosting a series of educational trading webinars with five professional traders. We kick off tomorrow night, November 15, with Tina Logan and continue with the last educational webinar on December 19, 2016.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ZOES Long | RBB | Bullish Engulf | Doji Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: The current chart pattern in the SPY suggests more continuation higher with possible light consolidation along the way.
$214.55 is still a major support line that the buyers are defending well. Over $217.10 would set and suggest a path for the SPY to follow DIA’s and IWM to all-time new highs.
Hit and Run Candlesticks is hosting a series of educational trading webinars with five professional traders. We kick off tomorrow night, November 15, with Tina Logan and continue with the last educational webinar on December 19, 2016.
CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
Good morning everyone.
This has been one amazing week. If you’re like me you are so happy to have the election behind us and the market moving again with and abundance of bullish energy. I’m now expecting some very good trading ahead of us at least through the end of the year.
With the market having moved so far so fast it would not be out of the question to see some profit taking as we head into the weekend. However, with the SPY and the IWM still wanting to reach out to new record highs the possibility that the bulls will continue to run still exists.
For me, I will maintain my discipline wait for pullbacks and enter trades where the risk to my stops has been minimized. I would like to say thank you to all the members of Right Way Options for hanging in there during this tough market. I can promise you I will be working hard to make sure it was worth the wait. Have a wonderful weekend!
Trade Wisely,
Doug
Click Here to Watch the Morning Video
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
RT Long | RBB | Bullish Engulf | Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: The buyers ran into our $216.10 resistance line and found that area a good place to take a break closing with a doji. Today we will likely see a bullish pullback as long as the pullback stays above the $214.55 support area.
The following ETF’s have broken out probably a little too far to chase; waiting for a pullback would be wise: Financial spider XLF, industrial spider XLI, transportation spider IYT, materials spider XLB. XLE energy spider is setting up for a possible break out in a run, and consumer discretionary XLY closed with a doji continuation pattern yesterday.
A quote from Rick Saddler, one of 5 speakers:
– Knowing how to find charts that have double-digit profit potential is a good idea for the serious trader.
– Knowing what offers more profits, “Price Action or Price Patterns” is a way to boost your profits.
If you have not registered for the 2106 Holiday event, I urge you to do so. 5 professional traders will teach what they do best with 6 webinars.
The 10% discount ends today. CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
RT Long | RBB | Bullish Engulf | Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: The buyers ran into our $216.10 resistance line and found that area a good place to take a break closing with a doji. Today we will likely see a bullish pullback as long as the pullback stays above the $214.55 support area.
The following ETF’s have broken out probably a little too far to chase; waiting for a pullback would be wise: Financial spider XLF, industrial spider XLI, transportation spider IYT, materials spider XLB. XLE energy spider is setting up for a possible break out in a run, and consumer discretionary XLY closed with a doji continuation pattern yesterday.
A quote from Rick Saddler, one of 5 speakers:
– Knowing how to find charts that have double-digit profit potential is a good idea for the serious trader.
– Knowing what offers more profits, “Price Action or Price Patterns” is a way to boost your profits.
If you have not registered for the 2106 Holiday event, I urge you to do so. 5 professional traders will teach what they do best with 6 webinars.
The 10% discount ends today. CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
Last Updated: November 10, 2016
It was a bit unfair of us (a “hit below the belt,” you might say) to introduce you to the Bullish Belt Hold candlestick pattern without giving its brother, the Bearish Belt Hold candlestick pattern, an equal amount of time in the spotlight. It was mentioned offhand, in a two-sentence paragraph, but that’s hardly enough time to fully explain the appearance and implications of this bearish signal.
Formed at the end of an uptrend and signaling a potential reverse in investor sentiment, the Bearish Belt Hold pattern is easy to spot, but it isn’t foolproof. Ready to learn more about its characteristics and meaning? Let’s get started . . .
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Good morning everyone.
After the overnight temper tantrum, the market decided to embrace the leadership change in a big way with an unbelievable rally. That exuberance seems to still be in play this morning with the futures pointing to another gap up.
Right or wrong I am going to maintain my discipline and avoid chasing stocks that are already very extended or those challenging resistance. In years past I would have jumped into trades thinking, I was avoiding the pain of missing out only to step in right before the pullback where the cost my capital was the greatest.
There are a lot of good looking charts so I recommend sticking to your rules and avoid taking an unwarranted risk, it will settle down. I do however think we are seeing the beginning of a fundamental change in the market that is very exciting. I expect we will soon be doing a lot of trading. Watch your email for possible trades.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GIMO Long | Bullish Kicker | Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: The bulls have had a hard fight for the past 3 months but it appears they have brought the fight back to the bears.
Looking at the SPY $214.80 offers good support if the bull needs a rest, that number will be adjusted up if the bulls keep the pressure on and close over $217.10.
It’s not hard to find a bullish chart after yesterday and many have pulled too far away from support. We have found a few still near support and we will be watching for bullish pullbacks on a few for a bullish entry.
A quote from Rick Saddler, one of 5 speakers:
– Knowing how to find charts that have double-digit profit potential is a good idea for the serious trader.
– Knowing what offers more profits, “Price Action or Price Patterns” is a way to boost your profits.
If you have not registered for the 2106 Holiday event, I urge you to do so. 5 professional traders will teach what they do best with 6 webinars.
The 10% discount ends today. CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GIMO Long | Bullish Kicker | Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: The bulls have had a hard fight for the past 3 months but it appears they have brought the fight back to the bears.
Looking at the SPY $214.80 offers good support if the bull needs a rest, that number will be adjusted up if the bulls keep the pressure on and close over $217.10.
It’s not hard to find a bullish chart after yesterday and many have pulled too far away from support. We have found a few still near support and we will be watching for bullish pullbacks on a few for a bullish entry.
A quote from Rick Saddler, one of 5 speakers:
– Knowing how to find charts that have double-digit profit potential is a good idea for the serious trader.
– Knowing what offers more profits, “Price Action or Price Patterns” is a way to boost your profits.
If you have not registered for the 2106 Holiday event, I urge you to do so. 5 professional traders will teach what they do best with 6 webinars.
The 10% discount ends today. CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Continue Reading
Good morning everyone.
The people have spoken and what they had to say has left the market shocked. As the vote came in and Trump began to gain ground the market began to sell off sharply. At one point the futures were off about 750 points. When the Trump win became obvious the futures began to bounce and as I write this the futures are only down 230 points. History tells us there is a pretty good chance that over the next couple days the market will dip lower toward the overnight lows, however, we are in uncharted territory so anything is possible.
I plan to stand aside and let some of this volatility and emotional response subside before putting new capital at risk. The good news is that big reactions such as this historically resolve higher within a couple weeks. Let’s keep in mind Trump will not take office until the latter part of January so the market will have plenty of time to come to grips with this big directional change the country has voted for.
Trade Wisely,
Doug
Click Here to Watch the Morning Video
