Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
HDSN Long | Trending | Rectangle Breakout | Bullish Engulf
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: Yesterday we closed out 1/2 of our OCN for a 25% gain and we’re still holding FRGI, STX with double-digit gains and EXAS short with a double-digit gain.
The SPY and the overall market is still enjoying a bullish rally and yesterday’s close suggest the buyers outnumber the sellers. A close below $219.85 could push a test of $218.50.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
UAN Long | RBB | Inv. H&S | J-Hook Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: The SPY is trending and toying with a breakout to new highs; a PBO buy signal around the T-Line™ would be nice.
A PBO near $216.10 (support) would also work for a SPY swing. A T-Line™ Run is in place. The last T-Line™ run lasted 22 days.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
ZOES Long | RBB | Bullish Engulf | Doji Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: The current chart pattern in the SPY suggests more continuation higher with possible light consolidation along the way.
$214.55 is still a major support line that the buyers are defending well. Over $217.10 would set and suggest a path for the SPY to follow DIA’s and IWM to all-time new highs.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
RT Long | RBB | Bullish Engulf | Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: The buyers ran into our $216.10 resistance line and found that area a good place to take a break closing with a doji. Today we will likely see a bullish pullback as long as the pullback stays above the $214.55 support area.
The following ETF’s have broken out probably a little too far to chase; waiting for a pullback would be wise: Financial spider XLF, industrial spider XLI, transportation spider IYT, materials spider XLB. XLE energy spider is setting up for a possible break out in a run, and consumer discretionary XLY closed with a doji continuation pattern yesterday.
A quote from Rick Saddler, one of 5 speakers:
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– Knowing what offers more profits, “Price Action or Price Patterns” is a way to boost your profits.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
GIMO Long | Bullish Kicker | Continuation pattern
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bull’s eye: The bulls have had a hard fight for the past 3 months but it appears they have brought the fight back to the bears.
Looking at the SPY $214.80 offers good support if the bull needs a rest, that number will be adjusted up if the bulls keep the pressure on and close over $217.10.
It’s not hard to find a bullish chart after yesterday and many have pulled too far away from support. We have found a few still near support and we will be watching for bullish pullbacks on a few for a bullish entry.
A quote from Rick Saddler, one of 5 speakers:
– Knowing how to find charts that have double-digit profit potential is a good idea for the serious trader.
– Knowing what offers more profits, “Price Action or Price Patterns” is a way to boost your profits.
If you have not registered for the 2106 Holiday event, I urge you to do so. 5 professional traders will teach what they do best with 6 webinars.
The 10% discount ends today. CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
WB Short | Bearish Engulf | Blue Ice Failure
Double click the trade plan to enlarge.
This not a recommendation to buy. I am simply sharing a trade I am considering.
Good Morning, Profit Traders,
From a bear’s eye: The morning futures after a Trump win has us opening around the 200-sma on the SPY near the lower downtrend line. Continued weakness would take us to about $207.00ish. Breaking down below the lower trend line could also set us up for a test of near the JUNE lows.
From bull’s eye: The morning futures have us around the 200-sma possibly forming a double bottom. A close above $209.70 would suggest a run to about $215.25. Keeping in mind the trend is negative, so a bull trade on the SPY would be a relief rally trade only.
A quote from Ed Carter, one of the speakers:
– I’ll be explaining the six different types of support/resistance and how to find them.
– I’ll explain how to tell a strong S/R level from a weaker one.
– We’ll cover the 3 key rules for using support and resistance in your trading.
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Rick’s Featured Trade Ideas
Trading today is a horrible idea, sit on your hands.
Public webinar tonight 8:00 PM EST
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Good Morning, Profit Traders,
A Trump Trade vs. a Hillary Trade – I get all these emails, and I’m sure you do as well, telling you about a Trump or Hillary trade based on who wins or who loses. Talking about running around hoping to catch a chicken. Folks, just be patient and trade the charts. It’s times like these where far more traders lose their money than make money. There is way too much risk in trying to catch that chicken that has claws and big teeth. But the lure of false promises and hope is sometimes too much, and MOST have never touched much less caught that dang chicken.
Yesterday was a good day for the bulls and they ran till they found resistance. To remain bullish in the short term, I would like to see $212.25 hold and $214.60 would be the next big challenge. If the sellers have their way, we will see a test near the October low.
A quote from Ed Carter, one of the speakers:
– I’ll be explaining the six different types of support/resistance and how to find them.
– I’ll explain how to tell a strong S/R level from a weaker one.
– We’ll cover the 3 key rules for using support and resistance in your trading.
If you have not registered for the 2106 Holiday event, I urge you to do so. Five professional traders will teach what they do best with 6 webinars.
The 10% discount ends today. CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
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Members Daily Trade Ideas. Be aware of sudden market changes!
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No trade ideas, I am protesting until the market looks better.
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Rick’s Featured Trade Ideas
Today’s featured trade idea and my personal trade plan
CWEI Long | Bull Kicker | Rectangle Breakout
No Trader Vision chart today.
CWEI Long above 92.55
Stop < 84.00
Target area 141.25
Good Morning, Profit Traders,
SPY headed higher –– It would appear the market has decided or knows the election outcome with the way the futures are up.
There are a few resistant areas that the SPY will need to get through. $212.25 represents a double bottom made in September and October, then about $214.60. I would almost bet this is a relief rally and a proper reversal pattern needs to be created.
Please keep in mind, if today’s move remains bullish as the futures are indicating, it does not mean the larger bear pattern has been corrected.
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No trade ideas, I am protesting until the market looks better.
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Rick’s Featured Trade Ideas
There will be no trade ideas until after the election, I feel it is too risky to be knee deep in the market right now. We believe in trading smart and smart money has backed out of this market. One of the hardest lessons for a trader to learn is you don’t have to be buying new positions every day.
Good Morning, Profit Traders,
SPY headed for the 200-sma on the daily chart – I would expect some consolidation around the 200-sma. The short trade and the inverse ETF’s have done very well, so it might be time to cash in a little.
So this market has acted and done just what we expected; using Candlesticks, Trends, Support and Resistance to navigate through a chart is a beautiful thing. Continue to stay mostly with the short trades (take a few profits). If you have long trades they are ok if they are working, staying with a long trade because of hope is never a good idea.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
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Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
No trade ideas, I am protesting until the market looks better.
Continue Reading
Rick’s Featured Trade Ideas
There will be no trade ideas until after the election, I feel it is too risky to be knee deep in the market right now. We believe in trading smart and smart money has backed out of this market. One of the hardest lessons for a trader to learn is you don’t have to be buying new positions every day.
Only a few more days!
Good Morning, Profit Traders,
SPY headed for the 200-sma on the daily chart – Not too much to say, the SPY is still under pressure and the 200-sma area looks promising before the election. The small caps (IWM) is under the same pressure and the same target area.
Our Inverse ETF trades are working very nice, let’s think about closing some of the position (s) out, you know the success rule sell into strength.
If you have not registered for the 2106 Holiday event I urge you to do so. 5 professional traders will teach what they do best. The 10% discount is still infected for the next 3 days. I GARRANTEE you WILL NOT BE SORRY! CLICK this LINK to LEARN MORE
Just imagine the recorded education you’re going to receive.
Learn the Basics – Build your trading foundation
Gain insight – Daily updates keep you on your toes
Set Goals – Then MEET THEM
Become a Master – And never stop learning
Join a Team – Members share their expertise as well
Rick & Hit and Run Candlestick Team
Members Daily Trade Ideas. Be aware of sudden market changes!
This list is reserved for subscribed members
No trade ideas, I am protesting until the market looks better.
Continue Reading
