One of Today’s Featured Trade Ideas
TZA was the July 6 featured trade idea, and it has been a profitable day-trading chart and still poised for the swing trader to reach our targets. In light of the overall market condition, which I think is sad, the best thing we can do is to keep trading as simply and easily as possible. At this point, I believe a TZA trade fits the bill. One of the most important things you can do is to make a plan for your trade, a stop, entry and a couple of scenarios for profit taking.
Hit&Run Candlesticks Tip: Did you know that the most successful traders take profits into strength on a bullish trade and into weakness on a bearish trade?
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One of Today’s Featured Trade Ideas
TZA/Long (Small Cap 3xBear) TZA is lifting off the bottom currently trying to form a bullish J-Hook pattern. A close over the 50-day simple moving average would make it a Rounded Bottom Breakout pattern.
TZA Trading Plan (Entry, Stop, Target) Click Here
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One of Today’s Featured Trade Ideas
No featured trade idea ahead of the three-day weekend. The market is in shambles, volume is low due to everyone cleaning their grill, filling their ice chest and picking out a bathing suit.
From our Hit & Run Candlesticks family, we wish everyone a great weekend.
What some of our Trade Ideas are doing?
SCLN up 11.24% yesterday and up 20.34% overall
SCHN up 13.45% yesterday and up 8.96% overall
EA up 1.16% yesterday and 8.64% overall
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