TPB Setup and Trade Plan

Today’s Featured Trade Idea is TPB.

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.

TPB is sitting at an all-time high after just breaking out of a Triangle pattern on Friday. It has also printed a couple recent Morning Star signals, indicating the Bulls are still in control.  I will be looking for a breakout Entry using a Stop below the $32.20 Support level and Fib Extension Targets at the 38.2% and 61.8% levels. With 2.5 weeks until Earnings and no overhead resistance, TPB has a chance to make a little Bull run here.

TV20/20 tells us we should have 2.5 weeks until earnings and that the chart shows 5 Bullish conditions versus only the 1 Bearish. We can also see that we can reach our Trade Goal before even hitting the first Target price.  At that first Target, we’d be getting a 2.77:1 Reward/Risk on our $132 risk (to initial Stop) and if we were to follow the plan and reach Target #2, the overall trade would deliver 3.81:1 ($503.50). This seems like a pretty nice setup, all things considered.

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 TPB Trade Setup – As of 7-20-18

TPB as of 7-20-18


The Trade Plan

TPB Trade Plan for 7-23-18


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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