Rick’s Featured Trade Ideas
JOY/Long (Farm Equipment) JOY has broken out of its down trend forming a cup & handle, a flag or J-Hook breakout and a line of support at $10.40.
$$$—Hit & Run Members were alerted to BAP on February 10, now a T-Line™ and gap to boot. BAP has produced 12% —$$$. We will teach you how.
JOY Plan your trade & trade your plan February 17, 2016
Possible entry plan idea: Buy Box $Member Only
Possible stop plan idea: Stop Below $Member Only
Risk Reward 10:1 depending on entry/exit/stop
SPY Attitude: (MA trend down/price relief rally underway) Price did close over $187.95. As mentioned yesterday, price should push between $191.20 and $194.60. A close over $191.20 will help the bulls pull the T=Line™ over the 34-ema on the 4-hr chart. The 2-hr chart has now gone bullish on the T-Line™ chart.
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Rick’s Featured Trade Ideas
ATI/Long (Metal Fab) After forming a bullish piercing candle and double bottom, ATI has painted a bullish picture of higher highs and higher lows. Currently, it has a rounded bottom breakout and a bullish morning star signal leading to a J-Hook continuation pattern.
$$$—Hit & Run Members were alerted to STRP on January 20, now a perfect T-Line™ Run that has produced 90% —$$$. We teach how to find and trade, trades like this.
ATI Plan your trade & trade your plan February 16, 2016
Possible entry plan idea: Buy Box $Members Only
Possible stop plan idea: Stop Below $Members Only
Risk Reward 5:1 depending on entry/exit/stop
SPY Attitude: (MA trend down/price relief rally underway) A close over $187.95 would likely move price to between $191.20 and $194.60. We currently have a minor trend change to bullish on the four-hour chart and a close over $191.20 would likely produce an intermediate bullish trend change.
All candlestick traders have certain candlestick patterns that they favor, and one of mine is a gap down and not just one but two Doji’s together and then a gap
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Rick’s Featured Trade Ideas
No Featured Trade Idea today – Headed out on a mini vacation
Happy Valentines to all!
SPY Attitude: (The trend is down) And the double bottom Doji is going to save the day (No), the morning futures are showing a little Bullish buzz, unless the Bulls can close the SPY over 188.00 this possible short-term relief rally is just a joke. Be suspicious of relief rallies in this market, relief rallies are signals to look for short setups. Remember cash is king and Monday is a Holiday.
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What do you like to do after a long day? Kick your feet up at home? Go for a run to de-stress? Head out on the town for a dinner with friends? Relax in bed with a good book and a glass of wine? Whatever your preference, I would be willing to bet that you would do something different if a Long Day candlestick appeared on your Japanese candlestick chart. One of the simplest signals around, much like a Doji, the Long Day candlestick is not particularly influential until you combine it with other candles to form a larger pattern. Nevertheless, in the right context, it can pack a punch. So today, we’re exploring its formation and meaning . . .
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