Public WebinarIn this webinar, we discussed the market ahead of the FOMC minutes and looked at charts that were presented by the attendees.
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The topic for this educational webinar was the Pinball strategy. The Pinball Strategy was the trading strategy that changed everything for Rick. Part time hobby to trading for a living. To watch the replay click the replay button.
Investing and Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service
All three, the Blue Ice Failure, Bearish h Pattern, Inverse ETF’s are proven and important tools and strategies we have in the Hit and Run Candlesticks trading tool box. The market is not always bullish and we traders need tools like this from time to time.
We hope you can have the same success we have with the strategies. If you would like to take your success to the next level, we offer Private Coaching, Educational manuals.
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The Bearish “h” pattern looks like the letter “h” and is considered an uptrend reversal pattern. It forms as part of down trending price action. You might say that this is the upside down version of the Bullish J-Hook pattern. As price pulls back from a swing high, the key is to look for a brief rally with three or four candlesticks that have higher highs because this may be part of the Bearish “h” pattern. After this, price stops moving up and start moving sideways. The highs of the candlesticks in this part of the “h” pattern stay in the same price range. You can literally draw a box around the candlesticks that form the top of the Bearish “h” pattern. Price then starts to move lower and breaks down and out of the sideways price action.
Imagine someone falling through the ice, then trying to come back up to the hole they plunged through. On their way up, they bump up against the ice and then fall back down again. This is the analogy behind the Blue Ice Failure Pattern (a term coined by David Elliott).
In stock charting terminology, the Blue Ice is the blue colored 50-day simple moving average (50 SMA) and price is the subject taking the plunge. More specifically, price is falling, it approaches the 50 SMA and plunges down through it. Price finds support after the plunge and starts to rally toward the 50 SMA. Price reaches the 50 SMA area and tries to break up through it but bumps up against it and then falls back down again.
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice.
All information is intended for Educational Purposes Only. Terms of Service
Video topic, T-Line Trading, and T-Line Crossovers. The T-Line will keep you on the right side of the trade if correctly. Keeping a long trade above the T-Line and for a short trade below the T-Line is a proven strategy. Adding moving averages, slower or faster to show a short term trend change will increase trading probabilities and as a result increase trading success. This is what makes the T-Line Crossovers very useful to the swing trader.
Trading successfully is challenging and at Hit and Run Candlesticks our focus is to simplify trading enough to overcome those challenges. We do this every day in our trading room.
Swing trading the T-Line is easier than you might think. If you are in a long trade, stay long until the price action closes below the T-Line. If you are in a short trade, stay short until the price action closes above the T-Line. It’s as simple as that, but of course, there are many other factors to take into consideration if you want to be successful. Swing trading the T-Line isn’t black and white. The proper way to trade the T-Line is to combine everything you know about trends, support/resistance, candlestick signals, chart patterns, moving averages, and any other indicators. Read More
Educational Products| Change your trading forever and reach your goals
Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks or it’s associates should be considered as financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service
This Webinar covers the importance of a trading plan, how to build a trading plan. He will also show you the wealth created when you have a plan, most of all sticking with it.
Presented by Doug Campbell and Right Way Options
This webinar cover recent members and featured trade ideas and a few trades for the upcoming weeks. Keep in mind that the FOMC meeting is today March 15, 2017 and the results of this meeting will impact all trades.
Thank you for watching our video podcast
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