Rick’s Featured Trade Ideas
CBK/ Long (I Apparel) CBK, In the daily chart has formed a beautiful rounded bottom breakout in a nice double bottom off the 50 day simple moving average. The weekly chart has formed one of our pinball setups.
Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.
CBK/ Plan your trade & trade your plan January 25, 2016
Possible entry plan idea: Buy box $Members Login required
Possible stop plan idea: Stop below $Members Login required
Risk Reward 10:1 depending on entry/exit/stop
SPY: On the 14th day the Bulls were able to close price above the T-Line™ which puts price on the bullish side of the T-Line™ opposed to the past 13 days where price has closed below the T-Line. If the Bulls are able to construct a bottom I would look for a target or targets
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As any trader knows, the market can change at a moment’s notice—or without any notice at all! Just when a downtrend becomes familiar, for example, the bulls might take the reins and thrust the price upward again. To predict these occurrences, you can keep an eye out for Japanese candlestick bullish reversal patterns. Some are complex, while others are exceedingly simple. Some are reliable, while others are capricious and might slip through your fingers. To get a firm handle on the market, review the Japanese candlestick bullish reversal patterns below and add them to your repertoire.
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Rick’s Featured Trade Ideas
PN/ Long (Insurance) PN Is a pinball strategy play with a bullish W pattern, a bullish piercing pattern with about 15% to the first target, 25% to the second.
Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.
One of our trades in the trading room yesterday was TROV, and we had a 26.07% gain.
Read about our Trading Room It’s real and it’s Real Time!
PN/ Plan your trade & trade your plan January 22, 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: Another good day in the markets as far as trading went, and we certainly had good a good time with profits in the trading room. Based on the trend, the bears still control the SPY as well as the rest of the indices. On the daily chart price is still being held back by the
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Rick’s Featured Trade Ideas
CMRX/ Long (Healthcare biotechnology ) I will be Trading CRMX with the Pinball strategy tool with the close over the T-Line™ yesterday followed by a double bottom.
Plan your trade and trade your plan, and join us in the trading room at 9:10 Eastern every morning to plan a few trades.
Sold ZHGN yesterday 65.5% gain and covered WTW 21.13% gain a very nice day for Hit & Run Candlesticks. Read about our Trading Room
CMRX/ Plan your trade & trade your plan January 21, 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: If the spy went looking for the August 2015 low yesterday, it found it. And then proceeded to put together an impressive bounce closing at 185.65. Price and this recent trend is still controlled by the sellers, evidence of this is the inability to breakout over the T-Line™ or breakout over any one of its recent highs.
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