Price Action Broke Resistance
Our moving trend lines have met the trend test with flying colors. Price action has broken out of resistance now support. Currently, a Pop Out of The Box Pattern is forming. I will be setting up a trading plan for about 25% with 3.24 to 1 risk ratio for VIPS in our Members Morning Prep starting at 9:10 EST this morning.
Hope to see everyone at the members morning briefing 9:10 EST today.
►SPY Up Date
Friday was a good day for the buyers! The buyers added another important piece to the Bull Flag with a Bullish Morning Star Candle Pattern. Today we are looking for follow-through and a close over $275.45. A close over $275.45 would put the buyers in a good position to challenge the January highs in the future. A failure back below the 50-SMA would indicate the sellers are stronger and have a different agenda for the direction of price.
►Learn Our Tools and Trading Techniques
On February 13, Rick shared VIPS as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 16% or $250.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.
Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning
►The VXX short-term futures
Currently, VXX is trading below the T-Line Bands, Seller control
►Rick’s Swing Trade Ideas Reserved for Subscribing Members
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
To learn more about our trading tools join us in the trading room or consider Private Coaching. Rick will help coach you to trading success.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.
Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.
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Preparing To Challenge The Gatekeeper
6:50 am 2/23/18 the SPY futures look as if they are preparing to challenge the gatekeeper (50-SMA and the Bearish downtrend line) yet another time this week. I must admit this has been a challenging week for trading. One of the side effects of a nondirectional market is chop. Chop is very hard for most traders because it requires patience while the position (s) you’re in is slow, stagnant and seem to be barely hanging on. The way I see it is if the SPY can hold above $275.45 the Bulls will have a real chance of climbing back to the January high. On the other side of the coin, if the Bears can push through $268.15, they will likely test the February low. Cash is a position for a few days, just until the market finds it’s directional compass.
► Saturday, February 24, 2018
Tomorrow Saturday, February 24, Five Profesional traders come together to share with you a day of trading insight. These traders will share what works for them, and it just might be the key that unlocks the trading monster within you.
Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trends • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Continuation Patterns • Trade Planning.
Rick’s Swing Trade ideas
Member Login – Full Daily List
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.
Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.
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Price Leading T-Line Band
Price in leading the T-Line Bands. On a weekly chart, BYD has had bearish follow through from a little Shooting Star. On the daily chart, you can see the sellers activity with lower highs on the T-Line. Yesterdays Doji ended up closing below the T-Line Band Low. At the morning briefing this morning I will show how price has broken through and tested the trend line. Price has also slipped under the volatility Stop. Currently, VXX is building support in a pullback, the chart has turned bullish. This chart is giving the clue of caution.
Hope to see everyone at the members morning briefing 9:10 EST today.
►Important Events
►SPY Up Date
The SPY closed below the 50-SMA keeping the Blue Ice Failure alive. The price action of yesterday favored the sellers by closing below the previous days low, and price closed back below the upper T-Line Band. I see two chart patterns forming, on the Bull and One for the Bear. If you are a bull you are seeing the Low High, Higher Low being created, if you are a bear you see a Lower low and a failed high and a Blue Ice Failure being created. On both, we need to see follow through for direction. Weakness suggest we test below the Lower T-Line Band strength suggest we test the recent high @275.32
►Learn Our Tools and Trading Techniques
On December 11, Rick shared GLYC as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 62% or $941.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.
Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning
►Rick’s Swing Trade Ideas Reserved for Subscribing Members
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
To learn more about our trading tools join us in the trading room or consider Private Coaching. Rick will help coach you to trading success.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.
Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.
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SRNE Printed A Bullish Morning Star
On a weekly chart, SRNE has pulled back and printed a Bullish Morning Star Candle pattern. On a daily chart, SRNE has trended away from the 200-SMA for about 3-months. I see a couple of ways and reasons to trade SRNE, and a couple of pitfalls. I will explain to the members morning briefing and the monster profit potential.
Why will some make a darn good profit on a trade and others will struggle or even lose money on the same trade?
►Up Coming Events
►SPY Up Date
The SPY futures are down this morning, not surprising with chart formation Friday. When you take into consideration price action dancing around a Blue Ice Failure pattern, you’re likely to get a little washout. Plus we have not made a Low High Higher Low – Higher High yet. It is possible the Bule Ice Failure will be helpful in the process. If the sellers can get through the 200-SMA, this correction could get nasty, and we will love the short and Inverse trades.
►Learn Our Tools and Trading Techniques
On November 13, Rick shared BW as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 59% or $273.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.
Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning
►The VXX short-term futures
VXX is showed signs of support Friday. A buy signal and chart pattern would be helpful clues for a buy.
►Rick’s Swing Trade Ideas Reserved for Subscribing Members
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
To learn more about our trading tools join us in the trading room or consider Private Coaching. Rick will help coach you to trading success.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.
Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.
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The SPY Has Rallied From $252.92
The SPY has rallied from $252.92 back to the 50-SMA where it will decide who takes control, the Bulls or the Bears and maybe even both with a sideways move. The market on a weekly chart SPY, DIA, QQQ’s, IWM it is still in a bullish trend. Switch to a daily chart, and we see the struggle. The daily chart is in the Blue Ice Failure trap and needs the buyers to come to this party, or a retest of the recent test is in the cards. If the buyers show up, then we will see constructive consolidation and a bull move.
A little of the recent fear has dried up causing the VXX to pull back to the 200-SMA. The close yesterday was also at prior support, be sure there are plenty of traders watching ready to jump in if the fear starts to heat up again.
►HRC Recent and Current Trades
- Recently closed – VIPS 118% • VXX 375% • TWTR 180% • QQQ 179% • QQQ 28%
- Current holdings – SKX • TWTR
- RWO public Saturday event
- TradeHawk Tuesday afternoon event
- HRC member Thursday Night event
- Trader Vision 20/20 Wednesday event
- Trader Vision 20/20 Thursday event
- Professional Traders Summit Saturday event
- Look Ahead Sunday night event
- To see all events Click Here
►Hit and Run Candlesticks • Right Way Options • Trader Vision
We hear from our members every day how we have helped their trading through education. We don’t just post trades for you we teach you about the trade as well. There is always that person that just wants the stock pick and thinks they’re going to trade it for profit and success “Bull Crap” how’s that been working out?
Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trends • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Continuation Patterns • Trade Planning.
Rick’s Swing Trade ideas
Member Login – Full Daily List
Candlesticks • Price Action T-Line • T-Line Bands • Support • Resistance • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Continuation Patterns
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.
Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.
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A Smooth Breakout for GCO
GCO recently tested the 200-SMA after a smooth breakout on the daily chart. In the current GCO daily chart, a few clues popping out to me. One, the Bullish engulf off the 50 and 200-SMA, the Bullish Flag pulls back and then there the not so perfect Bullish Morning Star reversal clue. Drill up to the 2-3-4-and 5-day charts, and you will find the RBB chart pattern set up for the RBB trading strategy. FYI. The weekly Morning Star is a beauty.
Have you ever asked yourself why someone will make a darn good profit on a trade and someone else may struggle for a dime or even lose money on the same trade?
►Up Coming Events
►SPY Up Date
The SPY has now closed for the last 3 bars above the Lower T-Line Band, today price just might push through the Upper Band and close above it as well. Price closed yesterday about 2 points away from the 50-SMA, a challenge today is likely. 3-4 points on either side of the 50-SMA are important for both the Buys and Sellers, the both will fight for the place, and this is the battleground.
►Learn Our Tools and Trading Techniques
On February 8, Rick shared SRNE as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 68.5% or $335.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.
Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning
►The VXX short-term futures
The VXX has been resting it’s bullish pasture and will likely dip below the 200-SMA today. On a side, note price is approaching the Fib 50% retracement.
►Rick’s Swing Trade ideas Reserved for Subscribing Members
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
To learn more about our trading tools join us in the trading room or consider Private Coaching. Rick will help coach you to trading success.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.
Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.
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Pushed Through Resistance and Tested
EGHT has pushed through resistance and tested the support with the trending 34-EMA following. On the 2 and 3-day charts I can see Bullish Morning Star type formations supported by the T-Line. The bulls could push EGHT to $22.00 plus.
Saturday, February 24th 5 Traders come together to share and teach. We still have seats available for the discounted pricing.
Remember to check out the Event Calendar located at the top left of any webpage.
►Listen to your Rules
Ok, I see a little price action trying to slip into the SPY chart but let’s not get excited until we have a trend reversal. Price has closed in the T-Line bands but not above the upper green band. The V-Stops are still pushing the price back. Once the there is a breakout of the upper green band and a supporting green V-Stop with a visual low high/low high we can talk bullish.
- Is there a Low High-Low High bottom?
- What is the 34-EMA doing in relationship to itself 20 -30 - days ago?
- What is the T-Line doing in relationship to itself 20 -30 - days ago?
- What is the T-Line doing in relationship to the 34-EMA?
- What is Price doing in relation to the T-Line and the 34-EMA?
►Learn Our Tools and Trading Techniques
On February 8, Rick shared SFLY as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 24.5% or $375.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.
Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning
►The VXX short-term futures
The VXX is still in bullish territory supported by price action, T-Line Bands and the V-Stop. 200-SMA is also nearby.
►Rick’s Swing Trade ideas
Member Login – Full Trade List
30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual
To learn more about our trading tools join us in the trading room or consider Private Coaching. Rick will help coach you to trading success.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.
Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.
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