Today’s Featured Trade Idea is FRPT.

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.

FRPT has been in a strong Bullish Trend for months. In the last week, it pulled back forming a PBO and bounced up off the trend line again.  I will look for a Doji Continuation signal to for Tuesday with an Entry up at about $29.65 and a Stop about $28.60. At all-time highs, I’ll use Fib Targets at about $32.35 and $33.70.

Trader Vision 20/20 tells us we have 3 weeks until the next expected earnings announcement, with many Bullish Conditions in favor of the trade.  It shows us that we can take $157.50 in Risk for a chance to make 2.57:1 ($405 at Target #1) or 3.21:1 Reward/Risk ($506.25 at Target #2). TV20/20 also tells us price only needs to reach $31.98 to achieve our Trade Goal.

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  FRPT Trade Setup – As of 7-16-18

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

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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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