Friday Performance Update Be Our Guest in Trading Room 1

As you know, Hit and Run Candlesticks does not issue Featured Trade Ideas on Fridays.  That is especially true heading into what may turn into a 5 day weekend for the market (With Independence Day falling on Wednesday and Tuesday being a half day, I don't anticipate much market action Friday, Monday or Tuesday.  So it is quite possible there won't be much trading volume until at least Thursday 7/5.

That said, the UAA trade did not execute on Thursday.  However, UAA had a nice day, it just did not meet my stringent entry criteria of breaking resistance.  If it gets going and breaks out on Friday, I will Enter the trade as planned.  Nothing has fundamentally changed and, in fact, I am more confident the Bullish Flag has been broken.  The means the J-hook breakout is more probable Friday morning than it was Thursday morning.  So, if UAA triggers an Entry Friday, I will enter that trade as originally planned.

Instead of planning a new trade, we'll use Friday's to check the performance of our trades to date, check on our open trades and adjust and positions as needed.

Bear in mind that this update covers the period up through  6-28-18.

If you click the green button below, you'll be able to watch a video where I review all closed and Open positions, as well as the unexecuted position that we may open on Friday, depending on the market.  I discuss each trade and why I adjust my positions using Trader Vision 20/20 software.

With market action expected to be light on Friday, Monday and Tuesday (in front of the July 4th Holiday) we are opening up the trading room to the public.  So, please be our guest and jooin us for some free education.  The planned schedule is below and you'll find our community has a good time while accomplishing a lot.   Here is a direct ling to the trading room.

**** Trading Rooms Open House****

Join Us - No Password Required

Date: Friday - June 29, 2018

9:10am - 10:00am ET - Rick Saddler - Opening Bell

10:00am - Noon ET - Rick Saddler - Candlestick Trading and Chart patterns

1:30pm - 4:00pm ET - Doug Campbell - Right Way Options and

                                             Dissecting Price Action and Trend Trading

 

 

Date: Monday - July 2, 2018

9:10am - 10:00am ET - Rick Saddler - Opening Bell

10:00am - 11:30am ET - Steve Risner - Futures Trading

1:30pm - 3:00pm ET - Ed Carter - Goal Setting and Trade Sizing

3:00pm - 4:00pm ET - Doug Campbell - Trade Setups, Chart Analysis and the Closing Bell

 

 

Date: Tuesday - July 3, 2018

9:10am - 10:00am ET - Rick Saddler - Opening Bell

10:00am - 11:00am ET - Steve Risner - Gap Trading and 45 Degree Runners

11:00am - 11:30am ET - Doug Campbell - RWO Option Trading

11:30pm - 12:30pm ET - Ed Carter - The Value of Trade Planning and Live Trade Planning

12:30pm - 1:00pm ET - Rick Saddler - Trade Setups, Chart Analysis and the Closing Bell

 

 

Featured Trade Idea Plan Performance

(As of 6-28-18 Close)

Blog Account Performance as of 6-28-18

+$2,471.25 over 4 weeks

61.54% Win Rate for $617.81/week profit

-or-

almost 0.6%/week profit on the Account (32% Annual without compounding)

Blog Trade Log as of 6-28-18 Close

Trade Log as of 6-28-18

 

Note how Trader Vision 20/20 does so much of the work for you.  All of your trades are logged, in incredible detail.  This will allow you to analyze patterns in your trading, identifying problems and improving your performance.  You'll also be able to get back inside your own head even if you revisit the trade years later.  Having all this information give you the ability to keep improving and reducing the emotional roller coaster that the amateurs face every day!

 

 

 

If you're interested in putting the power to Trader Vision 20/20 to work for you, click below.

 


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

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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UAA Setup and Trade Plan

Today's Featured Trade Idea is UAA.

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.

UAA has been in a strong Bullish Trend the last 3 months.  The last couple weeks it has been forming a Bullish Flag or Pullback Opportunity.  On Wednesday, it broke out of the down trend of the Flag (against a Bearish overall market).  On a breakout (above recent resistance), I'll look for an Entry about $23.55, using a Stop below another S/R level and up to 3 Targets drawn from a Weekly chart.  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 UAA Trade Setup - As of 6-27-18

UAA as of 6-27-18

 

The UAA Trade Plan

UAA Plan for 6-28-18

 

Note how Trader Vision 20/20 does so much of the work for you.  Knowing the overall risk of the position size, risk to Stop out and Reward possible at each Target we see this trade offers between 3.5:1 and 5.4:1 Reward/Risk Ratio.  Knowing the Risk is low and the potential Reward good.  Knowing the Risk, Reward and how far a stock must move to reach our goal...before a trade...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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Setup & Trade Plan No Trade Idea Today

No Featured Trade Idea for today.  Markets are too unsettled (moving half a percent in pre-market in the last 15 min.).  Today is a good day to sit on your hands.

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.

If you click the green button below, you'll be able to watch a video of my chart review and explanation.

 

To see a short video of why there is no trade idea today, 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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DO (Short) Setup & Trade Plan

Today's Featured Trade Idea is DO.

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.

DO printed a large Bearish Engulfing signal to enter a Blue Ice Failure pattern on Monday.  With overall markets also Bearish, I will look for a retest of the 50sma to get a better entry and use the failure at that level to protect my Stop above the 50sma.  While the pattern target is usually the 200sma, I will use a potential Support level between the two as Target #1.  Target #2 is also a potential Support area near the 200sma.  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 DO Trade Setup - As of 6-25-18

DO Setup as of 6-25-18

 

The DO (Short) Trade Plan

DO Trade Plan for 6-26-18

 

Note how Trader Vision 20/20 does so much of the work for you.  The anticipated second Target price would generate a 7.67% gain and the second target an overall gain of 9.52%.  We also see that the Risk is low and the potential Reward good.  Knowing the Risk, Reward and how far a stock must move to reach our goal...before a trade...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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AVEO Setup & Trade Plan

Today's Featured Trade Idea is AVEO.

You can read more about this trade in Rick's blog post here.  For now, here is my analysis and a potential trade plan made using our Trader Vision 20/20 software.

AVEO has formed a Rounded Bottom Breakout pattern and printed a Bullish Engulfing signal on Friday.  I will look for an Entry on the breakout with a Stop set below the two Support Levels shown.  The Targets used were defined as Support/Resistance levels using the Weekly Chart.  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 AVEO Trade Setup - As of 6-22-18

AVEO Setup as of 6-22-18

 

The AVEO Trade Plan

AVEO Trade Plan for 6-15-18

 

Note how Trader Vision 20/20 does so much of the work for you.  As we see above, Trader Vision shows you that the stock only needs to move 9.39% to make the Goal for the trade (not even to the first Target), while the anticipated second Target price would generate a 14.69% overall gain.  We also see that the Risk is low and the potential Reward good.  Knowing the Risk, Reward and how far a stock must move to reach our goal...before a trade...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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Friday Performance Update 6-22-18

As you know, Hit and Run Candlesticks does not issue Featured Trade Ideas on Fridays.  That said, 2 of our trades this week did not execute.  Nothing on either of those charts has changed fundamentally.  So, if either EPC or SDOW trigger an Entry Friday, we will enter those trades as originally planned.

Instead of planning a new trade, we'll use Friday's to check the performance of our trades to date, check on our open trades and adjust and positions as needed.

Bear in mind that this update covers the period up through  6-21-18 (only 3 weeks of trade ideas).

As you Thursday was a rough day for the market.  For our account, we were stopped out of one trade (GTN) but stopped out at a profit.  So, no real damage was done.  By using Trader Vision 20/20 to plan and manage our trade risk, we've still put $over $2300 in profit away in 3 weeks...doing only one trade per day, taking Friday's off and having a couple trades not execute.  Not too bad in my book.

If you click the green button below, you'll be able to watch a video where I review all closed and Open positions, as well as the 2 unexecuted positions that we may open Friday depending on the market.  I discuss each trade and why I adjust my positions using Trader Vision 20/20 software.

Rick is out Friday, but you are welcome to join me in the trading room at 9:10am Eastern as I fill in today.

 

Featured Trade Idea Plan Performance

(As of 6-21-18 Close)

Blog Performance as of 6-21-18

+$2,354.45 over 3 weeks

$784.82/week profit -or-

almost 0.8%/week profit on the Account

Blog Account Trade Log as of 6-21-18 Close

Trade Log as of 6-21-18

 

Note how Trader Vision 20/20 does so much of the work for you.  All of your trades are logged, in incredible detail.  This will allow you to analyze patterns in your trading, identifying problems and improving your performance.  You'll also be able to get back inside your own head even if you revisit the trade years later.  Having all this information give you the ability to keep improving and reducing the emotional roller coaster that the amateurs face every day!

 

 

 

 

If you're interested in putting the power to Trader Vision 20/20 to work for you, click below.

 


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

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.

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

EPC Setup and Trade Plan

Today's Featured Trade Idea is EPC.

Normally, you can read more about this trade, see Rick's blog post here.  However, Rick is out of the office on a family emergency.  Nonetheless, members can listen to a detailed analysis of the market 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.

EPC has been forming a bottom for 3 months.  It is now in both a Rounded Bottom Breakout and Inverted Head & Shoulders pattern.  Now it has formed a Pullback Opportunity (J-hook in progress) and printed a Hammer on Wednesday.  I will look for an Entry on the breakout with a Stop set below the Resistance Level broken to get there.  The Targets used were defined as Support/Resistance levels using the Weekly Chart.  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 EPC Trade Setup - As of 6-20-18

 

EPC as of 6-20-18

The EPC Trade Plan

EPC Plan for 6-21-18

 

Note how Trader Vision 20/20 does so much of the work for you.  As we see above, Trader Vision shows you that the stock only needs to move 6.4% to make the Goal for the trade, while the anticipated second Target price would generate a 10.85% overall gain.  We also see that the Risk is low and the potential Reward decent.  Knowing the Risk, Reward and how far a stock must move to reach our goal...before a trade...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.

 

 

 

If you're interested in putting the power to Trader Vision 20/20 to work for you, click below.

 


 

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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KHC Setup and Trade Plan

Today's Featured Trade Idea is KHC.

To read more about this trade, see Rick's blog post here.  However, members can listen to his detailed analysis 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.

KHC has been forming a bottom for 3 months.  It is now in both a Rounded Bottom Breakout and Inverted Head & Shoulders pattern.  Tuesday it printed a nice Bullish Engulfing signal.  I will look for an Entry at Monday's High with a Stop set below the Resistance Level broken Tuesday.  The Targets used were defined as Support/Resistance levels using the Weekly Chart.  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 KHC Trade Setup - As of 6-19-18

KHC Setup as of 6-19-18

 

The KHC Trade Plan

 

KHC Trade Plan for 6-20-18

Note how Trader Vision 20/20 does so much of the work for you.  As we see above, Trader Vision shows you that the stock only needs to move 8.51% to make the Goal for the trade, while the anticipated second Target price would generate a 10.93% overall gain.  We also see that the Risk is low and the potential Reward decent.  Knowing the Risk, Reward and how far a stock must move to reach our goal...before a trade...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.

 

 

If you're interested in putting the power to Trader Vision 20/20 to work for you, click below.

 


 

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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SDOW Setup and Trade Plan Trade Jitters Edition

Today's Featured Trade Idea is SDOW.

To read more about this trade, see Rick's blog post here.  However, members can listen to his detailed analysis 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.

SDOW has been in a serious downtrend for some time as the Bulls have been in charge.  However, on overnight TRade fears (the President's threat to add another $200billion to the tariffs imposed on China) the Dow futures are diving lower overnight.  This is a very unsettled market picture, as it would be easy for calmer heads to "walk back" the threats, but equally possible the Chinese could retaliate in their own "message through the media."  So, I will be looking to force the SDOW Bulls (market Bears) to demonstrate follow-through above the 50sma before looking to Enter.  Even then, I'll only look for a short-term move and hope to catch a pop up to the 200sma. 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.

No Trade Executed  -  Order Cancelled (Don't let it ride)

 

The SDOW Trade Setup - As of 6-18-18

SDOW as of 6-18-19 SDOW 6-18-19 4-day

The SDOW Trade Plan

SDOW Trade Plan 6-19-18

 

Note how Trader Vision 20/20 does so much of the work for you.  As we see above, Trader Vision shows you that the stock only needs to move 8.8% to make the Goal for the trade, while the anticipated first Target price would generate a 10.44% gain.  We also see that the Risk is low and the potential Reward decent.  Knowing the Risk, Reward and how far a stock must move to reach our goal...before a trade...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.

 

 

 

If you're interested in putting the power to Trader Vision 20/20 to work for you, click below.

 


 

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.

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

OMI Setup and Trade Plan

Today's Featured Trade Idea is OMI.

Rick had a family emergency today and cannot do a morning blog post.  However, members can listen to his detailed analysis in the trading room at 9:10am Eastern.

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

OMI has formed a bottom over the last few months.  It has broken into an RBB pattern and is right at the next potential Resistance level.  On a breakout, we can have a defined, small risk looking for a run up into the next potential resistance level (defined on the Weekly chart).  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 OMI Trade Setup - As of 6-15-18

OMI Setup as of 6-15-18

 

The OMI Trade Plan

OMI Trade Plan as of 6-15-18 Close

 

Note how Trader Vision 20/20 does so much of the work for you.  As we see above, Trader Vision shows you that the stock only needs to move 7.61% to make the Goal for the trade, while the anticipated first Target price is 10.37%.  We also see that the Risk is very low and the potential Reward quite nice.  Knowing the Risk, Reward and how far a stock must move to reach our goal...before a trade...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.

 

 

 

If you're interested in putting the power to Trader Vision 20/20 to work for you, click below.

 


 

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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