ENDP Setup and Trade Plan

Today’s Featured Trade Idea is ENDP.

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.

ENDP has been in a strong rally since early May. After a huge “Gap and run up” day on earnings, it took profit for a few days. However the Bulls have stepped back in the last couple days to create either a Bullish “Trader’s Best Friend” or Morning Star type signal…and is forming a J-hook.

I will be looking for follow-through to buy above Tuesday’s high using the convergence of Weekly S/R levels with Fib Extensions as my Targets. Beware I am using a large Stop on this one…so think about whether his matches your own risk profile.

Notice I’ve made special note that I am only looking to Enter on a successful retest of Support, with the buy on the way back up.

Trader Vision 20/20 shows us that earnings are out of the way. It also tells us that we have 6 Bullish conditions and no Bearish conditions…making this an attractive setup.

TV20/20 then tells us that this Trade Plan has a constraint. Notice that due to the large Stop (8.6%), we can only take a small positions size (1.6% of the account) while keeping our “Risk to Stop” below the threshold we set for this account ($150). However, this trade can work. It would give us a 2.4:1 ($339: $141) Reward/Risk at the 1st Target. We would not reach our entire Trade Goal if we had to sell right there.

However, not far above Target #1, we could book our entire Trade Goal. If we were able to sell half at Target #1 and hold the remainder up to Target #2, you can see we will easily make our Trade Goal. In fact, that would give us a > 26% ($431.50) overall profit on the trade.

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 ENDP Trade Setup – As of 8-14-18

ENDP Setup as of 8-14-18

The Trade Plan

ENDP Trade Plan for 8-15-18

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.

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

DRIP Setup and Trade Plan

Warning…this blog contains trade IDEAS…not recommendations.  And there is no law saying you have to trade every day.

Today’s Featured Trade Idea is DRIP.

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.

DRIP has formed a bottom and has been putting in higher-highs and higher-lows since the first half of June. It has broken into a RBB pattern and took out a Weekly resistance level on a strong day Monday.

I will look for an inside day buy, hoping to even see a successful retest to prove the broken Resistance is now Support with a Target up at the next Weekly Resistance (about $7.30). If we are very lucky in a choppy market, the 2nd Target is up about $8.25.

Being an ETF, we have no earnings to worry about. Trader Vision 20/20 tells us we have 5 Bullish conditions and only 1 Bearish condition for this Setup. So it is worth considering.  TV20/20 shows us this Trade Plan can offer a 3.28: 1 ($108:$354) Reward/Risk at Target #1 and if we were lucky enough to get a trend here, 5.86:1 ($633:$108) at the 2nd Target.

Notice I’ve made special note that I am only looking to Enter on a successful retest of Support, with the buy on the way back up.

 

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 DRIP Trade Setup – As of 8-13-18

DRIP Chart Setup as of 8-13-18

The Trade Plan

DRIP Trade Plan for 8-14-18

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.

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

HMSY Setup and Trade Plan

Today’s Featured Trade Idea is HMSY.

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.

HMSY printed a Bullish Engulfing signal on Friday within a tight consolidation after a strong Bull run.  I will be looking for confirmation on Monday using the $29.96 Support level to protect my Stop and using the convergence of Weekly S/R levels with Fib Extensions (of the recent Bull run) as my Targets.

Trader Vision shows us that earnings are out of the way. It also tells us we have 6 Bullish conditions versus No Bearish conditions for this setup.

TV20/20 also shows us that we can achieve our Trade Goal even before reaching the 1st Target price. If we make that first Target, we can get over a 5:1 Reward/Risk. However, if we sell half and hold the rest until Target #2, we can achieve a 6.33:1 Reward/Risk ($475 profit).

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 HMSY Trade Setup – As of 8-10-18

HMSY Chart Setup as of 8-10-18

The Trade Plan

HMSY Trade Plan for 8-13-18

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.

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

er 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.

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

FNSR Setup and Trade Plan

Today’s Featured Trade Idea is FNSR.

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.

FNSR broke through the 200sma and printed a Bullish Engulfing signal on Thursday. I’ll be looking for follow-through to break the July high Resistance level (also longer-term Weekly level) with Targets based off the Weekly S/R levels above. Remember this is Friday, so we have 2 additional days of headline risk, but I like this chart and on follow-through will be taking a position.

Trader Vision tells us we have a month until earnings. It also shows that we have 6 Bullish conditions (should be 7 with the Bull Engulf signal) and no Bearish conditions in favor of this trade.

TV20/20 then shows us that this plan offers over 2:1 Reward/Risk to the first Target and over 3:1 Reward/Risk if we can sell half at the first Target and the rest at the 2nd Target. Overall, this would give us a 11.64% profit ($440) and easily make our Trade Goal. In fact, TV20/20 tells us we can make that goal if FNSR reaches $20.65.

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 FNSR Trade Setup – As of 8-9-18

FNSR Chart Setup as of 8-10-18

The Trade Plan

FNSR Trade for Plan 8-10-18

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.

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

er 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.

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

KBR Setup and Trade Plan

Today’s Featured Trade Idea is KBR.

You can read more about this trade in Rick’s blog post here.  Members can also see his 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.

KBR is working on a nice trend since February. In the last couple weeks it ran higher and this last week has formed a J-hook pullback. On Wed. it printed a Bull Engulfing signal at the b/o level.

I will be looking for a b/o Entry using a Stop down below the most recent several day’s candle bodies. In this trade I have to accept less than 2:1 Reward/Risk to the first Target and will be looking for 3 Targets (where Fib Extensions and Weekly S/R levels converge).

Trader Vision 20/20 tells us we have about 3mo. until the next earnings. It also shows we have 6 Bullish conditions versus no Bearish conditions in favor of this trade.

TV20/20 lets us know this is a less desirable trade setup as the initial Stop and first Target only offer 1.42:1 Reward/Risk. In addition, we see that KBR must reach $22.05 for us to achieve our goal for the trade. However, if the 3-target plan can be attained, we can make our Trade goal while getting an overall 3:1 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 KBR Trade Setup – As of 8-7-18

KBR Chart Setup as of 8-9-18

The Trade Plan

KBR Trade Plan for 8-9-18

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.

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

er 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.

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

GLW Setup and Trade Plan

Today’s Featured Trade Idea is GLW.

You can read more about this trade in Rick’s blog post here.  Members can also see his 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.

GLW has been trending strongly Bullish all of July. In the last week it has done a little profit taking and is trying to form a J-hook with a tight consolidation box at the bottom of the PBO. We can use this box to help define and Entry (above) and Stop (below).  There is the possibility of some Resistance about $34.15 (b/o level), but the first major Resistance should come up around the 38.2% Extension and then 61.8% extension. Those will be my Target prices. I’m just looking for the Trend to resume and continue.

Trader Vision shows us that we have 2.5mo. until the next earnings report and 4 Bullish to 1 Bearish condition in favor of this setup. With this Trade Plan, we can sell the entire position at Target #1 and reach our Trade Goal. However, if we sell half and hold the second half until our 2nd Target price, we can get 5:35:1 Reward/Risk versus out initial Stop and clear over $500 in profit. Finally, TV20/20 shows us that to achieve our Trade Goal, GLW only needs to reach $36.38.

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 GLW Trade Setup – As of 8-7-18

The GLW Trade Setup – As of 8-7-18

GLW chart as of 8-8-18

The Trade Plan

GLW Trade Plan for 8-8-18

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.

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

er 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.

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

AMD Setup and Trade Plan

Today’s Featured Trade Idea is AMD.

You can read more about this trade in Rick’s blog post here.  Members can also see his 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.

AMD shows a beautiful long-term trend and is working on a Pullback Opportunity now. We have to go out to a 7-day chart to find Resistance above and that lines up nicely with a Fib Extension of the most recent Bull run.

I will be looking for a positive trading Entry with Stop below Monday’s candle body. I’ll use the convergence areas as Targets and can play with scenarios of whether I trade it as 1, 2 or 3 Targets. We have this luxury since we have well over 2.5mo until earnings.

Trader Vision shows us Earnings are out of the way and that there are many Bullish conditions in favor of this trade. It also shows that we are able to make our Trade Goal, even if we have to sell the entire position at Target #1.

However, then TV20/20 makes it easy for us to do scenario planning to decide between using 2 or 3 Targets. It tells us what each Target would deliver in profit, as well as do to the trade overall in terms of Reward/Risk.

Having these 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 AMD Trade Setup – As of 8-6-18

AMD as of 8-6-18

The Trade Plan

AMD Trade Plan for 8-7-18

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.

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

FDC Setup and Trade Plan

Today’s Featured Trade Idea is FDC.

You can read more about this trade in Rick’s blog post here.  Members can also see his 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.

FDC printed a Bullish Engulfing signal Thursday and then a Doji (or Hanging Man) type candle at the breakout level of a small J-hook pattern on Friday.  I will be looking for a b/o above $24 for Entry using the 23.6% Fib retracement of the pre-hook run as my Stop.  I’ll use Fib Extension Targets here at all-time highs (and use 3 Targets since we have 3mo. until the next Earnings…I don’t expect to be in anywhere near that long, but I have time on this ticker).

Trader Vision tells us we have 3 months (essentially) until the next earnings and have 5 Bullish conditions versus 2 Bearish conditions. TV20/20 tells us this Trade Plan can achieve our Trade Goal between the 1st and 2nd Target prices…and that overall it would provide an 11.18% profit.

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 FDC Trade Setup – As of 8-3-18

FDC as of 8-3-18

The Trade Plan

FDC Trade Plan for 8-6-18

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.

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

GT Setup and Trade Plan

Today’s Featured Trade Idea is GT…and I also demonstrate the new Trader Vision Scanning Widget in today’s video.

You can read more about this trade in Rick’s blog post here.  Members can also see his 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.

GT made a strong rally on earnings a few days ago, breaking into an RBB pattern. It has then consolidated at Resistance for 3 days and printed a Hammer Wed. and a Bull Engulfing signal on Thur.  I will be looking for a b/o of Resistance as my Entry, using the line across the recent lows as Supportive protection for my Stop. The 2 Targets are the obvious Resistance levels above between here and the 200sma.

Trader Vision tells us that we have earnings out of the way for the next 3mo. It also shows us that this plan gives us 2.77:1 ($270/$98) Reward/Risk to the first Target and 4.12:1 ($401/$98) if both Targets are reached. If this ticker reaches $26.73, we could close the entire trade and make our Goal for the Trade.

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 TV20/20 New Scanning Widget

The GT Trade Setup – As of 8-2-18

GT Setup as of 8-2-18

The Trade Plan

GT Trade Plan for 8-3-18

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.

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

FBP Setup and Trade Plan

Today’s Featured Trade Idea is FBP.

You can read more about this trade in Rick’s blog post here.  Members can also see his 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.

FBP printed a Morning Star that found Support (bounced off of) the recent b/o level after a 2 month consolidation. On higher trading, I’ll look for an Entry just above the Wed. Close. The Stop will be tight below the Support of the b/o level and Targets will come from Fib Extensions of the pre-consolidation run up.

Trader Vision tells us we have 3mo. until the next earnings report, as well as 6 Bullish and 1 Bearish (short-term trend) condition on this setup. It also tells us that the Trade Plan offers low Risk ($135) to the Stop, with 2:1 Reward/Risk at the 1st Target and almost 3:1 if both Targets are reached. Finally, TV20/20 tells us that FBP needs to reach $9.14 for us to make the Trade Goal on this trade.

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 FBP Trade Setup – As of 8-1-18

FBP as of 8-1-18

The Trade Plan

FBP Trade Plan for 8-2-18

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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