ROKU 3x8 Trap Setup

Yesterday 6/4/19 we closed ½ of SNAP for a sweet 27% base hit as the market began to draw to an end. We also picked up a little BABA ending the day up 11% based on the 60-min chart and an (RBB) Rounded Bottom Breakout. AIG and KO and AMD are doing fine and holding well.

POW! What a great day yesterday, price action took out our $280.10 line and pre-market today have already tagged our $282.50 line. Yesterday's price action as great as it was, the SPY chart is still in a downtrend. When price closed over the downtrend line and constructed a bottom we will have a ton of nice long charts to choose from, but first thing first. The bulls will need to challenge the $283.00 line followed by $286.00. By following the 3x8 Trap, you will be able to see when the 3-EMA is above the T-Line, that will be a sign the SPY is in a bullish direction. At the close of yesterday, the trend is still down.

🎯 ROKU is one we are stalking today on our watchlist, ROKU is in a T-Line Run and yesterday was triggering on the LTA Scanner as a 3x8 Trap, and the LTA T-Line Band alert was going off “Sweet Spot-Sweet-Spot.” Members, be sure to be in the trading room about 9:10 Eastern when I’ll review the markets, trade ideas, and ROKU. More trade Ideas we will consider FSLR, CECE, LMT, AIG.

A Traders Edge In All Markets

The LTA Scanner can filter out charts that are trending, up or down and alert on charts that have Candlestick signals and patterns, western patterns and when indicators, such as MACD, Stochastics, RSI or Bollinger Bands have crossed or reaches the desired level. Hey, check out the NEW BULL PERFECT TREND ALERT. The right tools for the job.

6/5/2019 Acton Plan

  1. Plan relief rally trades
  2. Use our base hit strategy
  3. Fight the urge to predict a bottom
  4. Grow rich trading base hits
HRC Monthly service only $110 with this promo code: SAVE50

We use 2 of The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

AIG Setting Up

We covered, or PG put yesterday for a 14% profit after the Bullish Harami on the daily chart and the chart pattern of the 15-min and 60-min charts. AMD did not trigger yesterday, AMD failed to break out into the pattern buy area, but we will wait and be patient. AIG is setting up inside the T-Line Bands currently a PBO winding up for a J-Hook continuation pattern. Learn more in our live trading room.

Yesterday was the second day below the 200-SMA and came within .67 of testing the March 8 low. Make no mistake the sellers are controlling the current trend, but even the bears allow relief rallies if only to bring in new sheep. Yesterdays Doji may have been enough indecision to produce a relief rally. Yesterday I mentioned I saw a few bright spots in the charts; this could be the beginning. A relief rally to about $280.10 would make sense because of the recent support/resistance. The VXX chart has backed off overnight, opening the door for the buyers to open the door. Remember it’s the close today that counts. The FNGU 15-min chart shows price over the T-Line pre-market, the question now is can the buyers hold there course.

A Traders Edge In All Markets

The LTA Scanner can filter out charts that are trending, up or down and alert on charts that have Candlestick signals and patterns, western patterns and when indicators, such as MACD, Stochastics, RSI or Bollinger Bands have crossed or reaches the desired level. Hey, check out the NEW BULL PERFECT TREND ALERT. The right tools for the job.

6/4/2019 Acton Plan

  1. Plan relief rally trades
  2. Use our base hit strategy
  3. Fight the urge to predict a bottom
  4. Grow rich trading base hits

HRC Trades Ideas

✅ We are adding the following to our possible trade list, CECE, AIG, TGT, TPX, LMT, KMX. Trade wisely

HRC Monthly service only $110 with this promo code: SAVE50

We use 2 of The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

200-SMA Tested

Last week we bought PG- Procter & Gamble, August $110 Puts as price action was showing signs of weakness and failing the 50-SMA. At Friday's close, the sellers still outnumbered the buyers. To learn more about the PG put currently up 23% join us in the HRC Trading Room.

The sellers continue to dominate the with another lower close Friday. Fridays gapped and closed right through the 200-SMA also closing below the Dotted Deuce. The March 8th low $274.45 seems likely as the next possible test for price action on the daily chart. This summer is the summer of the trade war and more importantly, a summer to respect the trend. In our efforts to remain profitable, we find that going back to basics is the best approach. Trade with the trend, when the market trend is down, we find it easier to make money shorting or buying puts. We will hold fast to our trading rules and continue to trade for base hits. Let us all be care full not to overtrade or try to force trades because we think we have to trade something every day.

A Traders Edge In All Markets

The LTA Scanner can filter out charts that are trending, up or down and alert on charts that have Candlestick signals and patterns, western patterns and when indicators, such as MACD, Stochastics, RSI or Bollinger Bands have crossed or reaches the desired level. Hey, check out the NEW BULL PERFECT TREND ALERT. The right tools for the job.

6/1/2019 Acton Plan

  1. Trade with the current trend of the SP-500
  2. Expose less money to each trade.
  3. Fight the urge to predict a bottom
  4. Grow rich trading base hits
Worlds #1 Live Alert Scanner

HRC Trades Ideas

✅ We are adding the following to our possible trade list, MRCY, PG, BOLD, CMG, ACAD, SAFM. Trade wisely

HRC Monthly service only $110 with this promo code: SAVE50

We use 2 of The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Hammer, 200-SMA, Lots To Consider

The SPY printed a Hammer yesterday after a gap down finding the 200-SMA as we have been talking about the past week, on fairly strong volume yesterday. The T2122New High/Low Ratio chart from TC2000 is at a low 4.35.  The weekly chart is sitting on the 50-period moving average while the monthly chart is printing a Bearish Engulf, there no doubt the sellers are holding the cards, the buyers are just not giving up very easy. Bullish follow-through above yesterdays Hammer (above $278.90) should produce a small relief rally to maybe to the $280.60 area. Many reading this knows how much I like the RBB chart setup, and the VXX is, in fact, one of these setups. Price is now above the 50-SMA and looks to be determined to challenge the 200-SMA. The VXX has challenged the 200-SMA a couple of time the last few months, and if the VXX can stay below the 200-SMA, the markets should be safe from disaster but not choppy trading. If the VXX finds a path above the 200-SMA, the market could be in a little trouble. Good trading my friends.

A Traders Edge In All Markets

The LTA Scanner can filter out charts that are trending, up or down and alert on charts that have Candlestick signals and patterns, western patterns and when indicators, such as MACD, Stochastics, RSI or Bollinger Bands have crossed or reaches the desired level. Hey, check out the NEW BULL PERFECT TREND ALERT. The right tools for the job.

5/30/2019 Acton Plan

  1. Consider the trend of the SPY, DIA’s IWM, and the QQQ’s when trading, it is easier to make money trading with the trend.
  2. 85% of all stocks follow the trend of the SP-500
  3. Don’t try to time the exact turn or trend change of chart
  4. Manage current trades looking for base hits.
  5. Welcome small losses
  6. Trade smaller, less capital in a position
  7. Fewer positions
  8. Trade strong, stable charts, not one-day wonders
  9. Trade with the trend of the chart
  10. A trading plan for each trade.
Worlds #1 Live Alert Scanner

Trades Ideas

AMD has broken above the T-Bands suggesting bullishness, I am considering a trade above $29.10 and only on an acceptable entry pattern. To learn more join us in the trading room, we will discuss AMD and more Trade-Ideas as well.

HRC Monthly service only $110 with this promo code: SAVE50

We use 2 of The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

The Trend IS Your Friend

“The Trend is your friend” The key is to work with a trend that compliments your trading style. When the trend and your trading style come together as one, your engine will run smoother. Years ago, I discovered the power of the 34-EMA and the T-Line (8-EMA) when putting on the same chart. If the T-Line is below the 34-EMA, the trend is bearish. While watching for signs of a bullish reversal. This strategy using the T-Line and the 34-EMA can be used on indices, stocks, or ETF’s such as the SPY, DIA,  IWM, VXX, AAPL, FDX, KO, and INTC to name a few. The SPY closed Friday’s candle and the T-Line below the 34-EMA suggesting the current trend is still negative, and the sellers have control. The trend is currently pointing at the 200-SMA with a possible bullish relief rally along the way.

Worlds #1 Live Alert Scanner

The LTA Scanner can filter out charts that are trending, up or down and alert on charts that have Candlestick signals and patterns, western patterns and when indicators, such as MACD, Stochastics, RSI or Bollinger Bands have crossed or reaches the desired level. The right tools for the job.

5/28/2019 Acton Plan

  1. Stay focused on trend long of short for a trade
  2. 85% of all stocks follow the trend of the SP-500
  3. Manage current trades looking for base hits.
  4. Welcome small losses
  5. Trade smaller, less capital in a position
  6. Fewer positions
  7. Trade strong, stable charts, not one-day wonders
  8. Trade with the trend of the chart
  9. A trading plan for each trade.

Trades Ideas

Trade-Ideas will be sent out today using the APP throughout the APP. See App download buttons below.

HRC Monthly service only $110 with this promo code: SAVE50

We use 2 of The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Relief Rally Warrented

#1 Alert scanning tool in the world was the key to profiting 35% in ROKU, 34% in SPY Puts, and  51% in TZA yesterday. It’s Friday the start of a 3-day weekend Honoring the men and women who died while serving in the U.S military.

Worlds #1 Live Alert Scanner

Yesterday the trading gods gapped us down out of and below the T-Line Bands to a $280.57 in the SPY before closing a bit higher at $282.14. The morning futures are pointing to a higher open. As of yesterday the recent low of May 13, is safe but will it last? The current trend is still weak, with price below the Bands and a bearish trend line above. The T-Line is below the 34-EMA, and the 17-EMA has breached the 34-EMA as well. The T2122 chart dropped to 10.6 yesterday triggering an oversold condition, and a relief rally is warranted. The VXX chart produced a Bull Kicker yesterday from a higher low pull back closing in the now bull trending bands, keep your eyes on the VXX chart, it can be very telling.

5/24/2019 Acton Plan

  1. Ease up on trades over the long weekend
  2. Continue to build a watchlist for the weeks ahead using the LTA Scanner.
  3. Clean up the Harley for a ride this weekend
  4. Study charts in the HRC trading room
HRC Monthly service only $110 with this promo code: SAVE50

Trade Ideas-No trades Ideas On Fridays

I hope everyone has had a profitable week, if so please let us know. If not we are here to help but we have to hear from you. Reach out to us we are here for you.

We use 2 of The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Bears Defending Blue Ice Failure

Live Trading Alerts Scanner update v1.17.422 is available; We are still holding ROKU, SPY puts, TZA, XRX puts, GE, and PEP they were all brought to us via the LTA Scanner like a waiter brings a cold beer and Steak. The right tools for the right job.

It looks to me that the SPY still has a date with our pair of deuces $277.40 - $277.8. The Bears are defending the Blue Ice failure pattern pretty well; the T-Line Bands are being driven by a bear with price action below the red and green line. The T-Line is below the Volatility Dots, and yesterdays candle action closed below the T-Line. The T2122 chart (4wk New High/Low Ratio) has dropped to about 26, and it’s moving average is being pushed down as well. I have heard from many traders they are having trouble, so am I, remember to for trades that are working in your favor and the goes for the overall market, have you looked at IYT, IWM lately.

5/23/2019 Acton Plan

  1. Manage the trades I am in
  2. Don’t trade the first 30-min of the market, unless it is for a chart I already own
  3. Trade smaller, less capital in a position
  4. Fewer positions
  5. Longer lunch (LOL)
  6. Trade strong, stable charts, not one-day wonders
  7. Trade with the trend of the chart
  8. Trade for base hits
  9. Stops, always have a stop plan
  10. Ise the Scanner with built-in rules to find short and long trades

Trade Ideas

We are adding the following trade ideas to our watch-list. Be sure to check earnings dates. SE, ERY, DUG, SHOP, KO, PEP, GIS, LRCX, W, XRX Trend, Protective Stops, Base hits.

HRC Monthly service only $110 with this promo code: SAVE50

We use 2 of The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

50 Pounds of Moving Average

We bought Roku a few days ago after the LTA scanner popped an alert yesterday we are up 21.1% What would you expect from the #1 Live Alert scanning tool in the World.  I would be more than happy to teach how I use the LTA Stanner.  Watch for a 4-hour clinic, coming soon.

The SPY closed a bit higher than the day before but not over the 50-SMA and the $290.98 line we talked about yesterday. Price action has not pushed through the T-Line Bands, and the V-Stop Dots are red. The VXX still does not show much fear on the daily chart other then it is set up with a low high and higher low all it needs is a reason, the conditions are in place. The player, SPY, DIA, QQQ, IWM, SMA, IYT already have 50-pounds of moving averages on top of them.

Acton Plan, Trade Toughts To Today

  1. Manage the trades I am in
  2. Don’t trade the first 30-min of the market, unless it is for a chart I already own
  3. Trade smaller, less capital in a position
  4. Fewer positions
  5. Longer lunch (LOL)
  6. Trade strong, stable charts, not one-day wonders
  7. Trade with the trend of the chart
  8. Play with base hits
  9. Stops, always have a stop plan
HRC Monthly service only $110 with this promo code: SAVE50

Trade Ideas

We are adding the following trade ideas to our watch-list. Be sure to check earnings dates. FAS, ERX, AMJ, XHB, PAYX, NWL, CNC, HES, Trend, Protective Stops, Base hits.

We use 2 of The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Challenging The 50-SMA

Special 50% discount - Availability Limited to 10 traders

Futures are up this morning as this blog is being written. Looking at the SPY (weekly chart) it is clear to see price on a support and the 23.6 Fib line. (Not too surprised of a bounce and a test of the 50-SMA) The daily chart has the 200-SMA 2.3% below yesterdays close, and the daily Blue Ica failure is still in the game. Bullish price action would have to close above $289.20 for the buyers to be in control. In my humble opinion, anything less than $289.20 would keep the current downtrend intact. The T2122 chart is now in an oversold area; buyers are starting to peck around, but will they be able to give us a solid close in the next day or so over $289.20? Remember base hits and protective stops. Set a plan 2:1 minimum and when long buy near support and when shorting buy near resistance. The market of late has been challenging for even the best of traders, ask them what their tricks are to survive.

Trade Ideas

We are adding the following trade ideas to our watch-list. Be sure to check earnings dates. COST, SYF, PEP, BX, AXP, LMT, MA, MET. Trend, Protective Stops, Base hits.

We use 2 of The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

Performing A Balance Act

It looks has been performing a balancing act around the 50-SMA for the past nine days, all below its recent high. A close above $290.50 could set the bulls free to challenge the $294.95 high. Weakness and a failure to claim the 50-SMA for the Bulls could lead into chart patterns such as a “Blue Ice Failure” and a “Bearish H Pattern.” Both of these patterns are on the edge of success and could push price closer to the 200-SMA or about. The T2122 chart (3wk New High/Low Ratio has not turned up from the recent down move. When looking at the VXX on the daily chart, it looks like like it has been through a meat grinder, but the chart pattern is still holding a bullish form. To say this market has been easy to trade the last couple of weeks would be a flat out lie. It’s important to know when duck into a cove, tie up and wait out the storm.

Trade Ideas

We are adding the following trade ideas to our watch-list. PEP, GIS, CMCSA, PLUG, MDB, CELG, ATHM, SQQQ, TZA, SOXS, XRX, VXX, SPXS. We follow the trend, buy near support, profit into strength for solid base hits.

We use 2 of The Worlds Best Trading Tools, TC2000 for charting, LTA-Live Trading Alerts for real-time price action, candle and candle patterns, and western patterns. The right tools for the right job.👍

Free YouTube Education  •  Subscription PlansPrivate 2-Hour Coaching

DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

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