Today’s Featured Trade Idea is TRUE.

Members can join us in Trading Room #1 as Rick reviews the TRUE setup and all our member Trade-Ideas at 9:10am Eastern.  For now, here are my own analysis and a potential trade plan made using our Trader Vision 20/20 software.

TRUE broke it’s downtrend in June and has been trending Bullish all summer. after it’s last big leg higher (on earnings) it took profit and consolidated for a couple weeks. Then Wed. bears tried to drive it down. However, at the trend line the Bulls stepped in and drove it back up, resulting in a large Bullish Engulfing signal.

I will look for a slight inside day Entry using the high of the big Earnings candle as the 1st Target and the alignment of Weekly support/resistance level and the 23.6% Fib Extension as the 2nd Target. The Stop will be below Wed. Candle body and the Support level from the last couple weeks.

Trader Vision shows us that earnings are out of the way and we have 2.5mo until they come around again. It also tells us that we have 6 Bullish Conditions versus 1 Bearish
Condition (the short-term consolidation trend prior to Wed. b/o candle).

TV20/20 also allowed us to make and then easily tune a plan that meets our Trade Goal. It shows us the current plan delivers 2.25:1 Reward/Risk at the 1st Target and 3.12:1 overall at the 2nd Target ($375/$120). In addition, it tells us that the trade only needs to reach $13.87 in order to sell the entire position and make our Trade Goal.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The TRUE Trade Setup – As of 8-29-18

The Trade Plan

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the ratio of Bullish Conditions to Bearish ones as well as the overall risk of the position size, risk to Stop out and the Reward possible at each Target price can help a great deal with controlling our emotions.  Knowing the dollar impact of every scenario ahead of time, allows us to make calm decisions during the trade.  It really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

Put the power to Trader Vision 20/20 to work for you…

Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G

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Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. 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.

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Today’s Featured Trade Idea is WMGI.

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

WMGI has been in a Bullish trend since early May. After the most recent profit-taking, the Bulls stepped back in. However, Monday was a bad day (on the announcement of pricing for an upcoming stock offering). Still, the Bulls bounced it up off of the 50sma on the day. Then Tuesday the Bears tried to push it back down only to be met by very strong Bull buying (causing a strong Bullish Engulfing signal).  On positive trading, I will look to Enter with a stop in the $27.50 area. Targets are set by S/R levels and Fib. Ext. shown for corroboration.

Trader Vision shows us that earnings are out of the way and we have 2.5mo. before they will be a concern again. It also tells us we have 7 strong Bullish conditions and no Bearish conditions in this setup. This could make for a nice trade.

However, TV20/20 also shows us that we had to play with the trade plan in order to set up a trade that can meet our trade goals. We have to accept a slightly larger position size than we’d like. In addition, even though we will get 2:1 Reward/Risk, we have to sell only 60 shares at the 1st Target and the remaining 90 at the 2nd Target (giving us a 3:1 Reward/Risk overall) in order to achieve our Trade Goal on this trade. Obviously, neither of these adjustments are ideal.

While your account size and goals will differ from this example, the important thing to note is that TV20/20 shows us that a trade which looks good on the chart, in fact, may not meet our standards. Knowing this, instead of just taking the trade and finding out afterward is a powerful tool in our Trader’s Toolbox.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The WMGI Trade Setup – As of 8-28-18

The Trade Plan

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the ratio of Bullish Conditions to Bearish ones as well as the overall risk of the position size, risk to Stop out and the Reward possible at each Target price can help a great deal with controlling our emotions.  Knowing the dollar impact of every scenario ahead of time, allows us to make calm decisions during the trade.  It really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

Put the power to Trader Vision 20/20 to work for you…

Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G

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Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. 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.

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Today’s Featured Trade Idea is FTR.

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

FTR has been a bullish trend the last month. After breaking into an RBB pattern (and through a resistance level), it has consolidated…holding that level as Support. It printed a Morning Star on Friday and followed-up with an indecisive Doji/Spinning Top on Monday.

I will look for a b/o buy with my Stop below the most recent candles. Targets are defined off the Weekly Chart S/R levels.

Trader Vision tells us that earnings are out of the way and that we have at least 4 Bullish conditions (Pattern should also be bullish) versus only 1 Bearish condition (short-term bias has been a consolidation/pullback. It also tells us we can get a plan a trade with good profit potential while keeping both our “Risk to Stop-out” and position size very reasonable.

TV20/20 then tells us this plan offers great potential. We could sell the entire position at about three-fourths the way to the 1st Target and still achieve our Trade Goal. At that 1st Target we would be getting about 2.85:1 Reward/Risk, but if we can sell half there and hold the other half to the 2nd Target, we can get 4.19:1 ($654 / $156) Reward / Risk Ratio.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The FTR Trade Setup – As of 8-27-18

The Trade Plan

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the ratio of Bullish Conditions to Bearish ones as well as the overall risk of the position size, risk to Stop out and the Reward possible at each Target price can help a great deal with controlling our emotions.  Knowing the dollar impact of every scenario ahead of time, allows us to make calm decisions during the trade.  It really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

Put the power to Trader Vision 20/20 to work for you…

Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G

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Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. 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.

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Today’s Featured Trade Idea is EVH.

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

EVH has been in a Bullish Trend since the last quarter of 2017. In the last month, it has made another leg higher and has tightly consolidated over the last 8-9 days. (We might even call it a Pop-Out-of-the-Box setup.) Then on Friday, it printed a Morning Star type signal.

I will look for a b/o Entry (above the box), using the box as protection for my Stop tight below. Target prices were defined off longer-term charts and confirmed by Fib. Extensions of the August rally run.

Trader Vision shows us that earnings are out of the way for EVH. It also tells us we have 6-7 Bullish conditions (depending on your view of a Morning Star signal Friday) and no Bearish conditions in this setup.

TV20/20’s Trade Planning capability made it easy for us to adjust Entry to ensure we’d be getting 2:1 Reward/Risk to the first Target. It also tells us that if we achieve both Target prices, the overall trade will give us 2.8:1 ($399.50 / $142.80) Reward/Risk.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The EVH Trade Setup – As of 8-24-18

The Trade Plan

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the ratio of Bullish Conditions to Bearish ones as well as the overall risk of the position size, risk to Stop out and the Reward possible at each Target price can help a great deal with controlling our emotions.  Knowing the dollar impact of every scenario ahead of time, allows us to make calm decisions during the trade.  It really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

Put the power to Trader Vision 20/20 to work for you…

Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G

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Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. 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.

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Today’s Featured Trade Idea is HSC.

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

HSC has been a Bullish trend since February. In recent months, it has formed a Bullish Inverted Head and Shoulders pattern. As the last part of this, it has now also broken out of a J-hook pattern at the Inv. H&S neckline.

I do recognize that it has been running bullish for 6 days in a row and may need more rest before continuing. So it may not be a Friday trade as much as a soon trade.  I will look for another potential rest day and buy a b/o if it holds the neckline as Support.  The stop is not far below that Support and Targets are at levels where Fib. Ext. align with 5-8day chart S/R levels.

Trader Vision tells us earnings are out of the way and we have over 2mo. until the next round. It also shows us this Chart offers 5 Bullish Conditions and no Bearish conditions, making for a nice long Setup.

TV20/20 also shows us that this Trade Plan can achieve our goals. It gives us a 2.2:1 Reward/Risk at Target #1, 3.1:1 at Target 2 and if we reach the 3rd Target we would end up with a trade that gives us over 3.8:1 ($411.50 / $108). So the plan is solid.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The HSC Trade Setup – As of 8-23-18

The Trade Plan

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the ratio of Bullish Conditions to Bearish ones as well as the overall risk of the position size, risk to Stop out and the Reward possible at each Target price can help a great deal with controlling our emotions.  Knowing the dollar impact of every scenario ahead of time, allows us to make calm decisions during the trade.  It really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

Put the power to Trader Vision 20/20 to work for you…

Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G

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Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. 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.

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Today’s Featured Trade Idea is HZNP.

Members can hear Rick’s detailed review in the trading room at 9:10am Eastern.  For now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

HZNP is working on a PBO with a very reasonable 23.6% pullback after a strong run higher. The bulls seem to be stepping back in now the last couple days.

However, to be conservative, I will look require the trade to b/o of the J-hook pattern to prove the Bulls are in control again. Since the Entry is 3.5% higher, my Stop will be below Monday’s candle and Targets are Fib. Ext. that match some Weekly S/R level.

Trader Vision 20/20 shows us that earnings are out of the way. It also tells us that we have 5-6 Bullish conditions with no Bearish conditions in this Chart Setup.

TV20/20 tells us this plan can achieve our Trade Goal prior to reaching the 1st Target. However, we will get 2.45:1 Reward/Risk at that 1st Target. If we sell 100 shares there and can hold the rest to sell at the 2nd Target, we achieve almost 3:1 Reward/Risk ($455/$152).

This would be a nice little 12% trade and it assumes waiting on b/o confirmation. So it is a bit more conservative on Entry.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The HZNP Trade Setup – As of 8-20-18

The Trade Plan

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the ratio of Bullish Conditions to Bearish ones as well as the overall risk of the position size, risk to Stop out and the Reward possible at each Target price can help a great deal with controlling our emotions.  Knowing the dollar impact of every scenario ahead of time, allows us to make calm decisions during the trade.  It really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

Put the power to Trader Vision 20/20 to work for you…

Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G

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Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. 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.

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Today’s Featured Trade Idea is S (Sprint).

Members can hear Rick’s detailed review in the trading room at 9:10am Eastern.  For now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

IRDM has been in a strong uptrend since mid-May. This month it made another leg higher and then took some profits in a very reasonable pullback from All-time highs.  I will be looking for a J-hook b/o with a tight Stop below the bodies of the Wed-Fri. candles, using Fib. Ext. Targets since we’re at all-time highs.

Trader Vision 20/20 shows us that earnings are out of the way. It also says we have 5 Bullish conditions and only 1 Bearish condition in this Setup.

TV20/20 then shows us that this Trade Plan does net us more than 2:1 Reward/Risk at the 1st Target, but we’d need to get 25cents above that Target to reach our Trade Goal. If we can hold half the trade until the 2nd Target, we essentially get a 3:1 Reward/Risk ($389/$130). All-in-all, this makes for a nice little trade on a breakout.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The IRDM Trade Setup – As of 8-17-18

The Trade Plan

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the ratio of Bullish Conditions to Bearish ones as well as the overall risk of the position size, risk to Stop out and the Reward possible at each Target price can help a great deal with controlling our emotions.  Knowing the dollar impact of every scenario ahead of time, allows us to make calm decisions during the trade.  It really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

Put the power to Trader Vision 20/20 to work for you…

Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G

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Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. 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.

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Since I was off on Thursday, I thought I’d put out a trade idea for Friday.

Today’s Featured Trade Idea is S (Sprint).

Members can hear Rick’s detailed review in the trading room at 9:10am Eastern.  For now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

S has been in an uptrend since the beginning of summer and after a huge run up on earnings has put in a small profit-taking pullback which is now attempting to b/o as a J-hook pattern. At the bottom of the pullback it has traded in a tight box the last week, setting up a Pop-Out-of-the-Box patterns as well. We also had a Golden cross of the 50sma x 200sma 2 days ago, which will draw some interest from certain buyers.

I will be looking for that b/o Entry with a Stop at the bottom of the box (protected by 2 potential Support levels. The Targets are defined off S/R levels from the Weekly chart.

Trader Vision tells us that earnings are out of the way for 2.5mo. It also shows that we have 6 Bullish conditions versus no Bearish conditions, making this an attractive setup for a long.

TV20/20 shows us that we needed to tighten the Entry and Stop by just a couple cents in order to get > 2:1 Reward/Risk at that 1st Target. However, once adjusted (realistically), this Trade Plan has the potential to be a nice trade. If we are able to achieve all 3 Targets, we will net a 10.25% profit ($412.50) versus an initial risk of only $117…giving us a 3.53:1 Reward/Risk ratio.

Having this knowledge before a trade is even entered makes it much easier to control emotions and maintain discipline.

Below is my markup of the chart and the trade plan as laid out by Trader Vision 20/20.  As a bonus, if you click the green button below, you’ll be able to watch a video of the chart markup and trade planning process.

The S Trade Setup – As of 8-16-18

The Trade Plan

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the ratio of Bullish Conditions to Bearish ones as well as the overall risk of the position size, risk to Stop out and the Reward possible at each Target price can help a great deal with controlling our emotions.  Knowing the dollar impact of every scenario ahead of time, allows us to make calm decisions during the trade.  It really takes the pressure off.  No guesswork.  No surprises.  No emotional roller coaster.

To see a short video of this trade’s chart markup and trade planning, click the button below.

Put the power to Trader Vision 20/20 to work for you…

Testimonial

Trader Vision immediately simplified the process…immediately it provided that information and guidance to me. I knew what I would risk for how much reward, I began taking trades off at the 1st target, 2nd target, I was no longer holding all my trades for the homerun. I also began implementing the stop losses if and when they were reached, not just hoping the stock would recover.  It then became easier to see what patterns were working for me and which were not.  It provided a much more relaxed and stress-free environment. –Joan G

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

Investing and Trading involve significant financial risk and are not suitable for everyone. Ed Carter is not a licensed financial adviser nor does he offer trade recommendations or investment advice to anyone. 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.

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Sorry folks, but I will be out of town in the morning.  So there will be no Trader Vision 20/20 Featured Trade Idea Setup and Trade Plan for Thursday.