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

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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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.

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