UA Setup and Trade Plan

Before I forget, please join me for the Trader Vision 20/20 Weekly Workshop.

Wed. 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…and how it will help you find the right trades.)


Today’s Featured Trade Idea is UA (short).

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.

UA has been trending down for over a month. On Monday, it broke down out of a “Dreaded h” pattern, confirming the “Blue Ice Failure” pattern from Friday an taking out the last Support level for awhile.  I will be looking for a Short Entry inside the lower half of Monday’s candle and expecting the trend to continue. The Stop will be above the area breached Friday (now potential Resistance).  Note that the 200sma should be near Target #2 by the time it is reached.

Trader Vision tells us we have 3mo. until earnings and have a lot of Bearish conditions in favor of this Short Trade.  It also told us we needed to re-evaluate the Stop. After doing so, a logical Stop at $19.46 gave us better than 2:1 Reward/Risk to the first Target. In this case, we can risk $90 for a chance to make $369 if we reach both Targets.

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 UA Trade Setup – As of 7-30-18

UA as od 7-30-18


The Trade Plan

UA Trade Plan for 7-31-18


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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