Rick’s Featured Trade Ideas
HA/ short (Hawaiian Holdings ) HA is still showing signs of bearishness with a bear flag and a dark cloud cover failing the T-Line™. Kudos to those still in the HA short, and it still looks as if we have 8 to 10% to go.
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.
It’s looking like ZFGN will pay us well today!
HA/ Plan your trade & trade your plan January 20, 2016
Possible entry plan idea: Sell box $Members Only
Possible stop plan idea: Cover above $Members Only
Risk Reward 2:1 depending on entry/exit/stop
In last night’s member e-learning, we talked about intraday charts and how you might use the 60-minute chart to help decide whether the daily chart was ready to be bought long. I pointed out that the 60-min chart was not set up properly, and the SPY was not ready to reverse bullishly.
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Rick’s Featured Trade Ideas
CYBR/ Long (Technology) Cyber gapped up last week from a double bottom with a pair of Doji’s, currently a rounded bottom breakout pattern. Watch for the PBO and the breakout.
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.
CYBR/ Plan your trade & trade your plan January 14, 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: Listen to and watch the charts for clues, and be careful not to jump in the water without testing for alligators. According to the morning futures, the SPY will be opening up sharper. Because we don’t think picking bottoms or catching falling knives is a good trading idea, we will allow a bottom to form before we become 100% bullish. Going into today, over $192.85 would show signs that the Bulls are
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Rick’s Featured Trade Ideas
It’s Friday – No trade ideas today
SPY: The Bulls managed to put together a bullish harami by the close of yesterday, still closing below the T-Line™ and allowing the sellers to stay in control. The bullish Harami may be a sign that the Bulls are creating a little bottom for a relief rally, but I believe that when I see it! When I see the Bulls close price over $194.50, I will take their attempt at a relief rally a bit more seriously.
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The meeting of minds, the meeting of waters . . . Amazing things can happen when two great powers meet. Although the meeting of lines in a candlestick pattern isn’t exactly momentous, it is both simple and rare. The Bullish Meeting Lines pattern involves just two candles: one black and one white. This pair of candlesticks meets at the close, meaning that the closing price of the second (bullish) candle is equal to the closing price of the first (bearish) candle. However, because the Bullish Meeting Lines pattern is similar to other signals, as we will discuss below, it can be difficult to spot—so take your time and keep an eye on the details.
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