Swing Trade Ideas March 8, 2016
Rick’s Featured Trade Ideas
TOO/Long (Ports) TOO | RBB Rounded Bottom Breakout | Bullish “W” Pattern | PBO flag breakout | Gap fill 86% profit potential
Hit & Run Members and Trading room:
HK +34% yesterday
ICON +47% from Feb 4
CLF +75$ from Feb 26
And there’s more
The place serious traders hang out.
TOO | Plan your trade & trade your plan | March 8, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 8:1 depending on entry/exit/stop
SPY Attitude: (T-Line™ > 34-ema Bullish Trend)
From yesterday’s e-mail, the 14-day bullish T-Line™ run pushed tight into resistance, and the bulls may need to rest and recover before this journey can resume. You can see from your SPY chart that we failed to make a new high at resistance, and the morning futures are a bit under pressure, but really after a 15-day T-Line™ Run the SPY is ready for Continue Reading
Swing Trade Ideas March 7, 2016
Rick’s Featured Trade Ideas
MEMP/Long (Energy) MEMP | RBB Rounded Bottom Breakout | Higher Lows | Wedge breakout | 3-day chart bullish Morning Star | 20% + profit potential
Hit & Run Members and Trading room:
STRP +159% from Jan. 20
TCK +148% from Jan. 19
SXC +130% from Jan 26
And there’s more
The place serious traders hang out.
MEMP | Plan your trade & trade your plan | February 29, 2016
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 11:1 depending on entry/exit/stop
SPY Attitude: (T-Line™ > 34-ema Bullish Trend)
14-day bullish T-Line™ run pushed tight into resistance, the bulls may need to rest and recover before this journey can resume.
The breakout of the bullish “W” pattern has paid well. A pull back to 197.73 – 196.35 would be a good PBO with reversal signs. A failure could put 191.00 in the cross hairs.
Shaved Bottom Candlestick
As we discussed in our previous blog post about Long Lower Shadow candlesticks, a Japanese candlestick’s lower wick (also called its shadow or tail) plays an important role in conveying the price movement of the interval. It shows the interval’s lowest price, while the bottom of the candle shows the opening price (in a bullish candle) or closing price (in a bearish candle). So what happens if the lower wick is shaved off? This means that the interval’s opening/closing price (depending on the candle’s bullish/bearish sentiment) is the same as the lowest price. In other words, you have a Shaved Bottom candlestick on your hands.
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