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Trade Ideas October 9, 2014

October 9, 2014 by Rick Saddler

Today’s Swing Trade Ideas

TKMR/Long (Healthcare Sector Biotechnology) TKMR has been trending nicely from late July this year with little rallies and pullbacks. It has recently pulled back to the 20-day simple moving average and formed a bullish harami yesterday. The lower wick is not quite long enough to call a hammer. A swing from yesterday’s close to the recent high is about 25% — excellent money in its own right and about 30% to a double-top test. Most everyone in the Hit & Run Candlesticks trading room either owns it now or is considering it. Thank you to all the members that have been talking about it and posting this ticker in the room.

My entry plan idea: (Currently own shares at 23.20) Will consider adding more above the 20-day period moving average and on a breakout of the T-Line
My stop plan idea: A close below 22.35

Beware Profit Traders we are entering earnings season

This Week’s Economic Calendar—> Click Here

Trade Ideas October 8, 2014

October 8, 2014 by Rick Saddler

Today’s Swing Trade Ideas

SIMO/Long (Technology Sector Semiconductors) SIMO gapped over the big three yesterday from a doji continuation pattern, also known as a doji sandwich. I am looking for about 12% on SIMO.

My entry plan idea: Buy at the open to negotiate a better price

My stop plan idea: A close below 26.82

Best Candlestick Patterns

October 8, 2014 by Rick Saddler

Japanese candlesticks come in a variety of shapes and sizes, and when you group these varying candlesticks together, you create useful patterns. Once you’re able to recognize, understand, and utilize these patterns, you can find success through candlestick charts. Although numerous candlestick patterns exist and all traders have their personal favorites, today we’re going to run through some of the most beloved and effective candlestick patterns. You can’t go wrong with these five patterns, especially if you’re able to combine them with other indicators. They are, quite simply, some of the best candlestick patterns around.