The Broken Wing Butterfly Strategy is also known as a Skip Strike Butterfly.
Because it uses multiple option strikes it is considered an advanced option strategy and suitable for experienced options traders. Make sure you understand the trade and have practiced the execution and management of the position with a paper trade account until you feel comfortable with all the aspects of the position and your brokers trading platform.
Rick’s Featured Trade Ideas
It’s Friday, reel some fish in. No featured trade idea today, see stock picks below
Good Morning, Profit Traders,
Tell me why again you’re not a subscriber to our service and receive a free membership. Last month we gave away 5 free memberships. Contact Us
T-Line™ below the 34-ema (SPY) — By following a few easy rules and understanding the basics of charting, we have seen great profits from new traders as well as seasoned traders. Learning the basics is a great way to keep trading simple. Even though the SPY continues to disappoint (by the way, $214.50 boogie man line is still scaring price away), we are seeing good-size fish being pulled out of the trading pond and still holding some fish for good, double-digit profits.
Below are a few fish that have been caught and a few still being reeled in:
CRK +17.74%
WAC +49.47%
ARLP +34.32%
CZZ +24.83%
We have many more that we have caught this past week and many more that are still being reeled in.
Tell me why again you’re not a subscriber to our service and receive a free membership. Last month we gave away 5 free memberships. Contact Us
Click Here to be on the Double-Digit winning team
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Rick’s Featured Trade Ideas
It’s Friday, reel some fish in. No featured trade idea today, see stock picks below
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — By following a few easy rules and understanding the basics of charting, we have seen great profits from new traders as well as seasoned traders. Learning the basics is a great way to keep trading simple. Even though the SPY continues to disappoint (by the way, $214.50 boogie man line is still scaring price away), we are seeing good-size fish being pulled out of the trading pond and still holding some fish for good, double-digit profits.
Below are a few fish that have been caught and a few still being reeled in:
CRK +17.74%
WAC +49.47%
ARLP +34.32%
CZZ +24.83%
We have many more that we have caught this past week and many more that are still being reeled in.
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
A nice pattern has developed on JD. I suggest if you take this trade then keep it small due to the overall market condition.
Last Updated: October 20, 2016
Although we’ve discussed Dragonfly and Gravestone doji in the past, we never got around to explaining the simplest of all candlestick patterns: the basic doji, sometimes referred to as a “Doji Star.” Resembling a plus sign or a cross, the doji candlestick pattern is formed of just one candlestick, and it is incredibly common. Although there are several different types of doji (such as the Gravestone, the Dragonfly, and the Long-Legged), which we will describe briefly, today we’re focusing on the classic, original doji. To learn how to identify this informative candlestick pattern and interpret its presence, simply scroll down.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
OCN Long |3-day Morning Star| Bullish W Pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — The T-Line™ has pushed through the 34-ema on the 2-hour chart with price pushed tight against resistance (it’s a waiting game). The 4-hour and the daily charts are still in control of the sellers. $214.50 remains the first of several hurdles for the buyers to overcome. For the Russell 2000 Index ETF IWM, the price needs to be over $122.95 before it gets bullish marks.
WOW! Did you see our FSLR yesterday? We went to the bank on 1/2 the trade as many of the HRC subscribers did. CONN was another big winner. HRC subscribers took advantage of, both FSLR and CONN with more gains to come if managed correctly.
CONN ran, 14.37% yesterday
WIX closed higher, up another 4.98% for a total 28.89%
ARLP up another, .85% for a total of 33.20%
Click Here to be on the Double-Digit winning team
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
OCN Long |3-day Morning Star| Bullish W Pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — The T-Line™ has pushed through the 34-ema on the 2-hour chart with price pushed tight against resistance (it’s a waiting game). The 4-hour and the daily charts are still in control of the sellers. $214.50 remains the first of several hurdles for the buyers to overcome. For the Russell 2000 Index ETF IWM, the price needs to be over $122.95 before it gets bullish marks.
WOW! Did you see our FSLR yesterday? We went to the bank on 1/2 the trade as many of the HRC subscribers did. CONN was another big winner. HRC subscribers took advantage of, both FSLR and CONN with more gains to come if managed correctly.
CONN ran, 14.37% yesterday
WIX closed higher, up another 4.98% for a total 28.89%
ARLP up another, .85% for a total of 33.20%
Click Here to be on the Double-Digit winning team
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
EMES Long |Bullish Inverted H&S| Bullish Wedge
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
T-Line™ below the 34-ema (SPY) — Funny, I see reports that the Wall Street Journal and several news blogs are now getting concerned about the strength of the market. HOLY CRAP, Batman! For the past 26 days, we have been shouting this. It is crazy how traders hang on to their emotions for so long when the chart is staring them right in the face.
As a swing trader, all we have to do is learn a few charts patterns, understand what price action is using candlesticks signals, have an understanding of support and resistance, and let’s not forget the magic of a trend. The SPY and the market, in general, is under bear pressure. Just look at the SPY, IWM, DIA, and the QQQ.
WAC reached higher, up another 5.71% for a total 46.83%
ARLP closed higher, up another 2.84% for a total 32.08%
TPC slide lower, 4.03% yesterday for a total gain of 10.61%
Click Here to be on the Double-Digit winning team
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
These are the stocks I put on my watch list to trade. I focus on these stocks for Swing Trades and the potential 10% – 40% gains. You must follow your trading rules for entry stops, profits or losses. Remember to check for earnings!
Keep your eye on the inverse ETF’s They trade well!
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