Rick’s Featured Trade Ideas
YOKU/Long (Technology) In the YOKU chart, price has constructed a base for the past four weeks and broke out of the base highs on a bullish Doji continuation pattern and the big three on the 2nd. Having two days of consolidation, it might be time to start negotiating an entry.
Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.
YOKU/ Profits through education Oct. 7
Possible entry plan idea: Buy box $ H&R Members Only
Possible stop plan idea: Stop below $
Risk Reward 4:1 depending on entry/exit/Stop
This is the place you ought to be!
WG/ member’s trade idea on OCT 5, up 64 %
TROX/ member’s trade idea on OCT 6, up 28 %
RCAP/ member’s trade idea on OCT 6, up 12 %
TRUE/ member’s trade idea on OCT 6, up 9 % Friday
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No man is an island (according to John Dunne, that is), but some candlestick patterns are. Separated from the rest of the price action, completely broken off and drifting, a Bearish Island Reversal pattern is a gap up in a bull trend. When the signal finally gaps back down and enters the price action again, the trend reverses and becomes bearish. This may not be an island in the sun, but it’s certainly worthy of your attention. To help you spot this Island Reversal on the map, let’s discuss its landmarks (i.e., what it looks like) and its impact on the environment (i.e., what it means for traders).
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Rick’s Featured Trade Ideas
TRUE/Long (Technology) In the TRUE chart, there is a little scoop pattern that has become a rounded bottom breakout. In the past month, we’ve seen a definite low, a high, and the higher low as the scoop pattern formed. Yesterday’s volume suggested the buyers were trying to crowd in.
Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.
TRUE/ Profits through education Oct. 6
Possible entry plan idea: Buy box $Members Only
Possible stop plan idea: Stop below $
1st Risk Reward 4.75:1 depending on entry/exit/Stop
This is the place you ought to be!
**From the members trade ideas list: RYAM +6.78 yesterday
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COPX copper miners ETF, XIV inverse to the VIX, UWTI long crude oil ETN were all up over 5% yesterday
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Rick’s Featured Trade Ideas
BITA/Long (Technology) In the BITA chart, a Bullish scoop pattern was formed in mid-September followed by a couple higher lows, a flag, a bullish piercing candle which all lead to a gap and then Friday closing over the big three creating a (RRB) Rounded Bottom Breakout Pattern.
Education builds confidence for success!
I will be covering more on the Featured Trade Idea (entry, stop, targets) in the trading room at 9:10 AM EDT today.
BITA/ Profits through education Oct. 5
Possible entry plan idea: Buy box $ Members only
Possible stop plan idea: Stop below $
1st Risk Reward 10:1 depending on entry/exit/Stop
This is the place you ought to be!
AEM/ member’s trade idea on OCT 1, up 12 % Friday
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