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 . . .
Continue Reading
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
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
WB Short | Bearish Engulf | Blue Ice Failure
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 bear’s eye: The morning futures after a Trump win has us opening around the 200-sma on the SPY near the lower downtrend line. Continued weakness would take us to about $207.00ish. Breaking down below the lower trend line could also set us up for a test of near the JUNE lows.
From bull’s eye: The morning futures have us around the 200-sma possibly forming a double bottom. A close above $209.70 would suggest a run to about $215.25. Keeping in mind the trend is negative, so a bull trade on the SPY would be a relief rally trade only.
A quote from Ed Carter, one of the speakers:
– I’ll be explaining the six different types of support/resistance and how to find them.
– I’ll explain how to tell a strong S/R level from a weaker one.
– We’ll cover the 3 key rules for using support and resistance in your trading.
Learn More: CLICK this LINK to LEARN MORE
Lear to be your own BOSS and earn an income from your own home
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
WB Short | Bearish Engulf | Blue Ice Failure
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 bear’s eye: The morning futures after a Trump win has us opening around the 200-sma on the SPY near the lower downtrend line. Continued weakness would take us to about $207.00ish. Breaking down below the lower trend line could also set us up for a test of near the JUNE lows.
From bull’s eye: The morning futures have us around the 200-sma possibly forming a double bottom. A close above $209.70 would suggest a run to about $215.25. Keeping in mind the trend is negative, so a bull trade on the SPY would be a relief rally trade only.
A quote from Ed Carter, one of the speakers:
– I’ll be explaining the six different types of support/resistance and how to find them.
– I’ll explain how to tell a strong S/R level from a weaker one.
– We’ll cover the 3 key rules for using support and resistance in your trading.
Learn More: CLICK this LINK to LEARN MORE
Lear to be your own BOSS and earn an income from your own home
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.
Election Day 2016 has finally arrived, the robot calls will end, all that hot air will dissipate and perhaps we can get back to some normal market activity. I hope that I’m wrong on this but I fear is that although the campaigns are behind us the lingering effects of this election will haunt us for weeks, months and maybe even years to come. I’m expecting to see considerable volatility as we sort out the damage that has been created. No matter who wins we should all be prepared for a substantial gap Wednesday morning in either direction.
It is my intention to continue to sit on my hands today to protect my capital against the unknown outcome and the emotional reaction that will likely occur. Just imagine we had been trading with the market direction and had been holding a portfolio of short trades yesterday. That would have been painful!
There is little in the economic news that will affect trading today so don’t be surprised if we see choppy price action as America votes.
No matter the outcome I believe better days are ahead for the market and a trade-able direction will emerge. Get out and Vote!
Trade Wisely,
Doug
Click Here to Watch the Morning Video
