One of Today’s Featured Trade Ideas
ACRX/Long (Healthcare Medical Device) Yesterday’s candle finished drawing the picture of a bullish cradle pattern utilizing the 50-day and the 100-day simple moving averages as a support area, not to mention support from candles in June and July. ACRX is also a Rounded Bottom Breakout chart pattern.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
Something to think about:
A snippet taken from a soon to be released eBook prepared by Hit & Run Candlesticks
SKILL and CONFIDENCE – Practicing what you learn through education and by applying that knowledge to chart reading develops skill in spotting trading opportunities. It also develops the confidence to know that these trading opportunities are profitable.
ACRX Trading Plan (Entry, Stop, Target) Click Here
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One of Today’s Featured Trade Ideas
AAPL/Short (Technology) AAPL may be headed for the $100 mark, with the double top/bearish engulf/island reversal and a blue-ice failure pattern. Yesterday, AAPL broke through and closed below the 200-day simple moving average, and it lost its recent low support by closing below it yesterday.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
Something to think about:
Education – Under what conditions will you stop trading for the day, week or month? For example, “You (the trader) will stop trading for the day or week if you have three losing trades.”
AAPL Trading Plan (Entry, Stop, Target) Click Here
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One of Today’s Featured Trade Ideas
AMPE/Long (Healthcare biotechnology) We have had our eye on AMPE for some time since July 21 and has been on our members’ list ever sense. It’s now pulled back to both the 20- and 50-day simple moving average with an inverted hammer on Thursday, and Friday came close to printing an actual hammer. AMPE is one of our bullish Rounded Bottom Breakouts with a nice series of higher lows.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
Something to think about:
Education – As with any new skill, the foundation is education. Ask yourself, “Would you start to build a house if you had no knowledge of construction concepts and applications?” NO! Traders first learn the basics, such as technical analysis and fundamental analysis. Read books and attend webinars/workshops. This is really the start of building your knowledge base, so you can later shape your trading style and philosophy. As you mature as a trader, education continues to play an integral role in your success so you never stop learning.
AMPE Trading Plan (Entry, Stop, Target) Click Here
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