Friday We Posted SKX

Friday we posted SKX in our blog (trade alert). SKX closed with a Doji Friday with the 4-day chart presenting up with a Pullback Opportunity Bullish Engulf find support on the Lower T-Line and the V-Stops. Hit and Run Candlesticks bought long SKX Friday. SKX looks as if it may challenge the $51-$52 area after a successful breakout of the current resistance.

►Listen to your Rules

Be wise, don’t rush in and listen to your trading rules. This what I will tell myself today over and over. In the SPY price is still trending down below the T-Line and the T-Line Bands (both upper and lower). On the daily chart, Lower highs and lower lows are present when this chart pattern reverses then and only then will the market be in a good position to attack. Just my plan, what’s yours?

►Learn the Power Of Simple Trading Techniques

On January 8, Rick shared VSTO as a trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 16% or $250.00 with 100 shares. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning… Learn More

►The VXX short-term futures

The VXX had a big week last week, and many dollars have been made on it bullish move. Now that the VXX is trading over the 200-SMA and has smacked resistance a good little rest is needed.

►Rick’s Swing Trade ideas

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To learn more about our trading tools join us in the trading room or consider Private Coaching. Rick will help coach you to trading success.

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

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

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