KRG Trade Setup and Plan

Normally, Hit and Run Candlesticks does not post featured trades on Fridays.  However, I’ll offer a bonus trade idea for today anyway.  Just remember that Friday is payday!  We should be primarily focused on existing postions, taking profits and deciding if weekend headline risk changes whether a potions should be adjusted or closed.

Today’s Featured Trade Idea is KRG.  This stock has printed an Inverted Head and Shoulders pattern, which is also a Rounded Bottom Breakout pattern.  It has broken through the neckline and Resistance on Wednesday.  It then retested that level Thursday, holding it as Support.  On positive trading, we can use a stop fairly tight below Support and Target prices from Support/Resistance levels off the Weekly chart.

While this stock is a REIT (be aware for tax purposes), it will offer a very low Risk for a reasonable position size.  This offers a good Reward/Risk Ratio, while allowing us to remove all risk (by raising the Stop above Break-even) if Target #1 is reached.  If the stock reaches the second Target, the Trade Goal will be achieved.

Hope to see you in the trading room at 9:10am Eastern.

Below is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

The KRG Trade Setup – As of 5-31-18

 

 

The KRG Trade Plan

 

Notice how Trader Vision 20/20 does the work for you, by allowing you to define your risk in terms of “Position Size” (Dollars invested in a trade), “Risk to Stop” (Dollars lost if stopped out) and in terms or Reward/Risk Ratio.  It’s easy to look at all the various scenarios using Trader Vision.  So you know…

  • How much money is at risk if Stopped Out?
  • How much will be gained if we sell the entire position at Target #1?
  • What does that mean in terms of Reward/Risk Ratio?
  • How much will be gained if we sell half the position at Target #1 and the remainder at Target #2?
  • What does that mean in terms of Reward/Risk Ratio?

Knowing all these scenarios really takes the pressure off a trader, making it much easier to control your emotions during a trade.  It also logs all this information so that down the road you can see exactly what you were thinking.  These are some of the benefits of TV20/20

 

 

 


Time is running outAct fast if you want to register for the Upcoming Workshop:

Trading With Fibonacci Retracements/Extensions

6/7/18 at 8pm Eastern

  • Why do Fib Ratios Work?
  • Why Should You Use Extensions instead of Projections?
  • Answers to Common Problems Using Fibs.
  • Where do you begin and end your drawing?
  • Do we use Bodies or Wicks?
  • Which Ratios should be your focus?
  • How to Identify the major support/resistance Levels with Fibs?
  • How to Find Entries with Fib Retracements?
  • How to Set Targets Using Fib Extensions?

 

 

 

Testimonial

This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do. –Jonathan Bolnick

 

***************************************************************************************************

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.

***************************************************************************************************

CDNA Trade Setup and Plan

Today’s Featured Trade Idea is CDNA.  There is a lot to like about this stock which has been solidly Bullish, even in the face of an overall Market that has chopped back-and-forth in a range for weeks.

For a more detailed analysis of the ticker, refer to Rick’s Public Stock Trade Idea for today…or, of course, members can listen to his detailed analysis in the trading room at 9:10am Eastern.

However, for now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

The CDNA Trade Setup – As of 5-30-18

 

 

The CDNA Trade Plan

In this trade, note how Trader Vision 20/20 does the work for you analyzing the chart versus good trading rules.  In this case, it tells us we have the Short-Term and Long-Term trends in favor of a Long trade as well as multiple Bullish Patterns in place.  Add to this the fact that the Candles Signal is close to (but not exactly) a Bullish Signal and the relation to Support and potential Resistance and it all comes down to a nice Setup.

Also, note that the trade can reach the Trade Goal by selling only half the position at the first Target.  If that comes to pass, you’d have the chance to keep raising your Stop while letting the Longer-Term Trend work for the second half of your position.  Overall, that leads to a Reward/Risk over 8:1.  That means risking $123 for a chance to make between $742 (if 100% is sold at Target #1) or even $1000 (If half is eventually sold at Target #2).

 

 


Upcoming Workshop:

Trading With Fibonacci Retracements/Extensions

6/7/18 at 8pm Eastern

  • Why do Fib Ratios Work?
  • Why Should You Use Extensions instead of Projections?
  • Answers to Common Problems Using Fibs.
  • Where do you begin and end your drawing?
  • Do we use Bodies or Wicks?
  • Which Ratios should be your focus?
  • How to Identify the major support/resistance Levels with Fibs?
  • How to Find Entries with Fib Retracements?
  • How to Set Targets Using Fib Extensions?

 

 

 

Testimonial

This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do. –Jonathan Bolnick

 

***************************************************************************************************

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.

***************************************************************************************************

The EXAS Trade Setup and Plan

Welcome to the New Blog

Welcome.

As an introduction, I just want to let you know that the idea behind this blog is to share trade plans you can evaluate and potentially use yourself….today!   Meanwhile, we will also simultaneously demonstrate how Trader Vision 20/20 can help you improve your trading.  In each post, we’ll provide one detailed trade plan, with focus on one or two of TV20/20’s features used in the creation of the plan.  Before we get started, here’s the obligatory disclaimer…


Blog Disclaimer:

As with everything else on this website, the plans and all related materials presented in this blog are intended for Informational Purposes only.  They are not intended and should not be relied upon as financial advice.  Nothing presented here should be taken as counsel to buy, sell or hold any financial instrument.  Nor should any of it be construed as advice on the best or most appropriate way to make buy/sell/hold decisions in any specific circumstances.

Investing and Trading involves significant financial risk and is not suitable for everyone.  Even when suitable, trading success requires knowledge, experience, and strong psychology.  In addition, there is always some element of luck involved in market success.  This being the case, every trader will sustain losses and streaks of losses during their trading career, regardless of their methodology.

Please consult your own financial advisor when making decisions regarding financial management.


With that out of the way, let’s dig in!

 

Today’s Featured Trade Idea is EXAS.  For a more detailed analysis of the ticker, refer to Rick’s Public Stock Trade Idea for today…or, of course, members can listen to his detailed analysis in the trading room at 9:10am Eastern.

However, for now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

The EXAS Trade Setup – As of 5-29-18

 

The EXAS Trade Plan

Notice that all good trading starts with a set of S.M.A.R.T. goals.  (Specific, Measurable, Attainable, Realistic, Time-based)  These goals allow you to develop the parameters that you’ll need to plan and manage a trade successfully.  In this case, we can see that for this given account, we have analyzed our long-term financial objectives and determined they can be reached by taking trades that can give us $300 of profit with no more than $150 risked (if stopped out).  Also note that while this is a 2:1 Reward to Risk Ratio, in this case, our trade plan has the potential to yield an even better 3.55:1 Reward to Risk Ratio.

 

The EXAS Trade – Follow-up Mid-day 5-30-18

 

 


Upcoming Workshop:

Trading With Fibonacci Retracements/Extensions

6/7/18 at 8pm Eastern

  • Why do Fib Ratios Work?
  • Why Should You Use Extensions instead of Projections?
  • Answers to Common Problems Using Fibs.
  • Where do you begin and end your drawing?
  • Do we use Bodies or Wicks?
  • Which Ratios should be your focus?
  • How to Identify the major support/resistance Levels with Fibs?
  • How to Find Entries with Fib Retracements?
  • How to Set Targets Using Fib Extensions?

 

 

 

Testimonial

This is not your usual service that sends out a ton of stock recommendations, and then cherry picks the winners to show you how great they are. Hit and Run Candlesticks and Right Way Options are truly educational services. They taught me how to trade not what to trade. The entire team: Rick, Doug, Steve, and Ed are there to help and answer your questions. They are awesome. They cut years off my learning curve. And it’s a team effort. Everyone in the room (all the members) are there to help with invaluable insights and advice. The only service you will ever need. Thanks to all the team for how you have helped me and for all you do. –Jonathan Bolnick

 

***************************************************************************************************

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is to be considered financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone.

***************************************************************************************************

 

 

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