EVEP/Long (Energy) EVEP is in a Pinball setup, so trade EVEP using the Pinball strategy rules.
Education builds confidence for success!
EVEP/ Profits through education December 28
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $Members Only
Risk Reward 4:1 depending on entry/exit/stop
Recent Members‘ Trade Ideas
ROVI 43.53%
SIEN 16.54%
CSIQ 19.3%
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SPY: You can still see lower highs and lowers lows in the daily chart, and that keeps us on edge while the sellers keep the SPY from breaking out of the Lower High pattern. There continues to be long swing trades to be made, and, of course, short trades.
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Although the On Neck signal, the In Neck signal, and the Thrusting Line signal are very similar in structure (there is a white candle that follows a black candle and opens below it), each pattern takes the price movement one step further than the last. It starts with the On Neck, in which the white candle closes below the black candle’s close. Then, in the In Neck, the white candle closes at or slightly above the black candle’s close. So where do you think the Thrusting Line pattern’s white candle closes? You guessed it! It closes above the black candle’s close (though below the body’s midpoint). With each pattern, the white candle inches ever so slightly upward. Today we’re focusing on the Thrusting Line candlestick pattern, where the white candle reaches its greatest height. Scroll down to learn how to spot and interpret this bearish continuation pattern.
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Rick’s Featured Trade Ideas
From my family to yours, I would like to wish you a Wonderful Holiday!
We do have a member’s trade idea list for today and for the working days of this week; however, we will not be offering a featured trade idea until Monday, December 28.
100 Long shares of MCK would have netted you $390.00
Member’s trade idea December 22, (WFM) Long working $181.00
Member’s trade idea December 21, (MCK) Long working $390.00
Member’s trade idea December 15, (MNK) Long working $112.00
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More
SPY: The Bulls managed to take out some ground yesterday closing just under the T-Line™, and the buyers did manage to get through $202.90. The Bearish “M” pattern is still present,and the Bulls need to close over $205.772 to diminish the pattern.
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Rick’s Featured Trade Ideas
We do have a member’s trade idea list for today and for the working days of this week; however, we will not be offering a featured trade idea until Monday, December 28.
Members e-learning Tuesday night 8:00 PM Eastern
Presenters: Doug Campbell & Ed Carter
100 Short shares of CSIQ would have netted you $386.00
Member’s trade idea December 3, (ENPH) Long working 77%
Member’s trade idea December 10, (OHRP) Long working 33%
Member’s trade idea December 15, (CSIQ) Long working $386.00
Receive your password / login instructions within minutes, and join us in the trading room starting today. Read More
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