For all the talk of long days – “I had such a long day at work!” – no one ever seems to talk about short days. A short day zips by in a flash. Often this sort of fleeting day occurs when the day is like any other, “business as usual.” You may feel like you’re on autopilot, going through the motions without much thought or passion. In the world of Japanese candlesticks, however, a Short Day candlestick is a simple signal composed of just one candle. Like the Doji and the Long Day, it isn’t very important on its own. Nevertheless, it can play a part in larger and more influential patterns.
Continue Reading
Rick’s Featured Trade Ideas
HF/Long (Real Estate Serviced) HF | Bullish flag J-Hook| T-Line™ Run | RBB setting up | 16% opportunity
Hit & Run Members and Trading room:
EGO +20%
DYN +4% what this one today
PRTY 16%
The place serious traders hang out.
HF| Plan your trade & trade your plan | March 11, 2016
Possible entry plan idea: Buy box $Member Only
Possible stop plan idea: Close below $Member Only
Risk Reward 6:1 depending on entry/exit/stop
SPY Attitude: (Price > T-Line™ > 34-ema Bullish Trend)
6:25am The SPY is gapping up from a Doji flag challenging the recent high ($201.35) and possibly the 200-sma ($202.16).
The weekly chart on the SPY has two possibilities that I see:
- The Doji continuation pattern is successful and reaches the $204.50 area.
- Or we see weakness in the pattern and price slips to test the $196.45 area.
Continue Reading
