NSU Setup and Trade Plan

Please join me for the free Trader Vision 20/20 Weekly Workshop.

TODAY at 4:15 pm Eastern in Room #3 (no password needed)


 (This week, I will be providing a first look at our new Scanning tool, as well as planning trades.)


Today’s Featured Trade Idea is NSU.

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.

Rick sees NSU as a Cup & Handle on the weekly chart. I’ll just call it a large rounded pullback that is now retesting the b/o level. In either case, on a b/o, this offers a nice setup.  Just beware the potential Resistance at $3.86-ish off the Weekly chart. However, I will look for an Entry on b/o above $3.75 (call it $3.77) with a Stop below the lows of the last 4 days. The Targets come off the Weekly chart at S/R levels in the $4.28 and $4.75 areas.

Trader Vision tells us we have earnings out of the way and a number of Bullish conditions in favor of this trade. It also tells us this plan works nicely, as we do not even need to reach Target #1 before we could sell the position and clear all the profit of our Trade Goal.  TV20/20 also tells us that if we had to sell the position at Target #1, we’d clear $500 and if we “traded the plan” we would get 5.59:1 Reward/Risk, clearing $740 in profit. That makes for an attractive plan.

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 NSU Trade Setup – As of 7-31-18

NSU as of 7-31-18


The Trade Plan

NSU Trade Plan for 8-1-18


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…




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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