Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
EVH Short |3-day Evening Star| Dreaded “h” Pattern | Blue Ice
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
IWM under a great deal of pressure – Yesterday, IWM had a failed attempt at closing above the T-Line™ and closing above Tuesday’s close. The trend in the IWM chart is currently controlled by the sellers with short-term relief rallies. Unless there is a dramatic change in the overall market I expect IWM to reach another low target of $117.40ish.
We are currently in a mixed bag of positions, longs and shorts. We still see plenty of long positions and far more short positions.
We will continue to do what we do best as you should as well, stick with what you know (trading strategies) lower position size, take profits sooner, work within trending charts in the direction your trading. And most of all except the fact you don’t have to trade every day, just because someone else is making money doesn’t mean you’re going to make money.
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
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
EVH Short |3-day Evening Star| Dreaded “h” Pattern | Blue Ice
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
IWM under a great deal of pressure – Yesterday, IWM had a failed attempt at closing above the T-Line™ and closing above Tuesday’s close. The trend in the IWM chart is currently controlled by the sellers with short-term relief rallies. Unless there is a dramatic change in the overall market I expect IWM to reach another low target of $117.40ish.
We are currently in a mixed bag of positions, longs and shorts. We still see plenty of long positions and far more short positions.
We will continue to do what we do best as you should as well, stick with what you know (trading strategies) lower position size, take profits sooner, work within trending charts in the direction your trading. And most of all except the fact you don’t have to trade every day, just because someone else is making money doesn’t mean you’re going to make money.
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
The overall market continues to show weakness with a sellers downtrend line still in place, the T-Line™ is still tracking below the 34-ema. AAPL just reported and is down after hours. The QQQ’s have been leading the market but could end up being bruised if AAPL starts to sell off.
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ESTY Sort |PBO Morning Star| Trending
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Will $211.50 be tested (SPY)? Yesterday we had a doji top failure (Shooting Star) at the top of the downtrend line. I see a little short-term support at the $211.50 level if the sellers keep pushing the buyers back. Both SPY and IWM are setting up for serious Blue Ice Failure if the buyers don’t wake up.
The Nasdaq Composite Index is looking very toppy and forming a sellers dream; below $5180 will be painful.
USO is in a pullback stage, and we are watching the $10.95 area but most of all waiting for a reversal signal to appear, (a test of traders’ patience). UUP found resistance and printed a Bearish Dark Cloud Cover. A pull back to some extent is 100% likely.
Here at HRC, RWO and Trader Vision we are proud of our education. We teach a simple common sense approach to Swing Trading for Profit.
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
ESTY Sort |PBO Morning Star| Trending
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Will $211.50 be tested (SPY)? Yesterday we had a doji top failure (Shooting Star) at the top of the downtrend line. I see a little short-term support at the $211.50 level if the sellers keep pushing the buyers back. Both SPY and IWM are setting up for serious Blue Ice Failure if the buyers don’t wake up.
The Nasdaq Composite Index is looking very toppy and forming a sellers dream; below $5180 will be painful.
USO is in a pullback stage, and we are watching the $10.95 area but most of all waiting for a reversal signal to appear, (a test of traders’ patience). UUP found resistance and printed a Bearish Dark Cloud Cover. A pull back to some extent is 100% likely.
Here at HRC, RWO and Trader Vision we are proud of our education. We teach a simple common sense approach to Swing Trading for Profit.
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
I’m sorry that there was no Morning Video yesterday and that I had to cancel the RWO room. Trust me I did everything I could to get back online as soon as possible but when the city decides to dig right through a major internet trunk line there is only so much that can be done.
Sadly yesterday did nothing but continue to confirm that the current downtrend is still valid. This morning we are seeing that bearishness gap the market lower for yet another test of support. Let’s hope it holds because it doesn’t we could see some very rapid selling as stop loss orders begin to trip.
Thus far earnings have done nothing to break us out of this downtrend, however, with more than 200 companies reporting today and 450 tomorrow anything is possible. Please make sure you are checking when a company reports before jumping into anything.
We have some big new items this morning that could move the market but I think the one to keep any eye on is the report on oil. A surprise build in surplus would likely send oil lower and pull the overall market down as well.
I know I sound like a broken record but please use caution when trading. A very big price move is possible at any time and you don’t want to be caught on the wrong side of it.
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
CGNX Long |PBO Morning Star| Trending
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Here at RWO, HRC, and Trader Vision we work hard to provide the best trading education possible. Without a solid base of trading education, it is nearly impossible to trade profitably.
We share charts that we like and trades we take, without the education many traders lose money on the best trades. Have you ever asked yourself “why others trade money” on that stock but I lost money?
Doji at resistance (SPY) — The dollar (UUP) rises, oil (USO) building support, SPY and IWM trying to push through resistance and the 34-ema. $215.90 and the 50-sma is the next big mountain for the SPY to climb if there is 34-ema success. From early August, the SPY chart has been controlled by the sellers, and the recent bullish activity has not changed very much other than we are seeing a fair amount of bullish charts setting up. The takeaway is the bullish charts while the market is in relief rally mode.
TECH is doing very well and the QQQ’s are rocking (watch AAPL).
YRCW +37.93%
AAOI +83.59%
NVDA +13.86%
WIX +26.94%
Are you in a trading room that offers up this kind of results? Are you in a trading room that is active all day? Are you in a trading room that teaches and educates every day?
If you’re not you should be!
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
Continue Reading
Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CGNX Long |PBO Morning Star| Trending
Double click the trade plan to enlarge.
This not a recommendation to buy. Simply sharing a trade we are considering.
Good Morning, Profit Traders,
Here at RWO, HRC, and Trader Vision we work hard to provide the best trading education possible. Without a solid base of trading education, it is nearly impossible to trade profitably.
We share charts that we like and trades we take, without the education many traders lose money on the best trades. Have you ever asked yourself “why others trade money” on that stock but I lost money?
Doji at resistance (SPY) — The dollar (UUP) rises, oil (USO) building support, SPY and IWM trying to push through resistance and the 34-ema. $215.90 and the 50-sma is the next big mountain for the SPY to climb if there is 34-ema success. From early August, the SPY chart has been controlled by the sellers, and the recent bullish activity has not changed very much other than we are seeing a fair amount of bullish charts setting up. The takeaway is the bullish charts while the market is in relief rally mode.
TECH is doing very well and the QQQ’s are rocking (watch AAPL).
YRCW +37.93%
AAOI +83.59%
NVDA +13.86%
WIX +26.94%
I hope you are taking advantage of the trading room and education each and every day!
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
Continue Reading
