One of Today’s Featured Trade Ideas
MGI/Long (Credit services) MGI has broken above the big three and the deuce with a flag pullback and a PBO around the T-Line is starting to make this chart look like a possible J-Hook breakout with a Bullish Engulf on Thursday and follow-through on Friday.
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
MGI Trading Plan (Entry, Stop, Target) Learn More Click Here
FTK -up 38%
W -up 27%
AMSG -up23%
A $3000.00 investment from any one of the three above would have paid for a year’s membership. At the close on Friday, there were 25 members’ stocks over 9%.
Email me and tell me what you’re waiting for: Rick@RickSaddler.com
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One of Today’s Featured Trade Ideas
FSC/Long (Credit services) After forming a double bottom, there was a gap (a form of a bull kicker) followed by flag consolidation. The chart is poised to become a Hit-And-Run Candlestick Rounded Bottom Breakout.
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
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Link: http://hitandruncandlesticks.omnovia.com/room1
The room will open at 2:00PM Central / 3:00PM Eastern
FSC Trading Plan (Entry, Stop, Target) Member Login
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One of Today’s Featured Trade Ideas
AAOI/Long (Technology) AAOI recently broke out from a rounded bottom flag pullback with a Doji gap and has pretty much consolidated the last three days.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Learn More Click Here
Something to think about — A snippet taken from a soon-to-be-released
eBook prepared by Rick Saddler
What trade method and trade setups will you be trading? If you are trading price patterns, indicate what chart time frame and what patterns you will be trading.
AAOI Trading Plan (Entry, Stop, Target) Members Login
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One of Today’s Featured Trade Ideas
AAPL/Short (Technology) AAPL has showed weakness for the last three weeks or so and continues to show weakness. Many members of Hit-And-Run Candlesticks have been short, and it still looks like a short trade that will continue south. I have a target area of about $105 – $100. We had plans that if Apple was to bounce up into the 200-day simple moving average area, we would probably add to our short. Unfortunately, the sellers wouldn’t allow price to get near the 200 SMA fence.
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 Rick Saddler
- How much capital do you have for trading, and how much of that capital will you commit to any one trade?
AAPL Trading Plan (Entry, Stop, Target) Click Here
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One of Today’s Featured Trade Ideas
KSU/Long (RailRoads) KSU has posted higher lows slowly moving back up over the big three creating a rounded bottom breakout. Along with a double Doji gap, a two- bar run and a profit taking pull back, KSU formed a very nice bullish chart pattern. KSU is also above the construction area and yesterday printed a buyable candle on a tradable support line.
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 Rick Saddler
The Right Mindset for Trading is achieved by developing your trading skills and building your confidence in executing trades. This is a process that involves education, stock chart reading and designing trade setups for the trading method you select. The bottom line is: SKILL + CONFIDENCE = Right Mindset for Trading
KSU Trading Plan (Entry, Stop, Target) Click here
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One of Today’s Featured Trade Ideas
WYNN/Long (Resorts and Casinos) Because of Friday’s close, WYNN became a Hit-And-Run Candlestick Rounded Bottom Breakout. Friday also produced a type of bullish morning star signal as well as a Doji Bullish Engulf 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 Rick Saddler
Have a “Trading Business Plan.” Every successful business owner has a business plan. Since trading is a business, traders should have a business plan. There is a lot of information out there on designing business plans. A suggestion is to keep it short and simple. A one- or two-page business plan is sufficient for most traders. You can always add to it as you go along. The point is to have a business plan that is convenient and you will use as a reference for certain aspects of your trading.
WYNN Trading Plan (Entry, Stop, Target) Click Here
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One of Today’s Featured Trade Ideas
No featured trade idea today; it’s Friday and we should be managing and evaluating the positions we are in. Do we hold them over the weekend or do we close them out? The important thing is to end the week on a positive note. We will be in the trading room this morning taking a look at a few stocks that you may have questions about.
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 Rick Saddler
Know when to trade and have the discipline not to trade. Trade only when the market gives you clear direction. If you are confused, have trouble finding trades that meet your rules or do not know what to do, these are signs that the market may be in a state of flux and not conducive to your style of trading. There are times to stay in cash or just manage the positions you have working. It is okay not to trade every day. In fact, forcing trades in an undesirable market often leads to losses. Have patience and wait for your setup!
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One of Today’s Featured Trade Ideas
TZA/Long (ETF small cap Bear) Because IWM still looks weak, I will be looking at adding to my TZA today. TZA is acting as if it wants to come off the lower trend line and head higher. The last four candles are suggesting the Bulls are setting up the bottom for a rally. TZA is also a bullish rounded bottom breakout.
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:
The Right Mindset for Trading is achieved by developing your trading skills and building your confidence in executing trades. This is a process that involves education, stock chart reading and designing trade setups for the trading method you select. The bottom line is SKILL + CONFIDENCE = Right Mindset for Trading
TZA Trading Plan (Entry, Stop, Target)
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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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