Underwater or Rolling in the Loot.

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Underwater or Rolling in the Loot.

Are you underwater or rolling in the loot? Today there will be no trade ideas posted, I will be in the room pre-market and would like to discuss the trades you are in and the best plan of action whether your underwater or rolling in the loot. We will discuss the trade details with Trader Vision 20/20 in our Members Morning Prep starting at 9:10 EST this morning.

Hope to see everyone at the members morning briefing 9:10 EST today.

►Benefits of using Fibs

  1. They identify key areas of support and resistance
  2. Helps choose between many potential S/R levels (before price reaches those levels);
  3. b.   Allows better definition of Reward (likely potential resistance) before trade;
  4. Allows better definition of Risk before trade
  5. Allows better definition of Reward/Risk Ratio before trade
  6. 2.   They help “tune” the drawing of S/R lines (when unsure exactly where to put it, they give a guide);
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►Event Calendar Stay Informed

►SPY Up-Date

Yesterday was the first time that all of our Members Trade-Ideas were short setups because of the Bearish Engulf right on an important downtrend resistance line. In yesterday pre-market blog post, we posted three important numbers, 279.90, 265.95, 262,00. At yesterdays close we came within pennies of the 270.90 number, and pre-market today we have dropped below it. The point is the buyers have lost control for now, and the sellers have picked up the ball.

►Learn Our Tools and Trading Techniques

On February 23, Rick shared CRC as a short trade for members to consider and how to use the trading tools listed below. Currently, the profits could have been about 26%%. Using our Simple, Proven Swing Trade Tools and techniques to achieve swing trade profits.

Candlesticks • Price Action • T-Line • T-Line Bands • Support • Resistance • Trend • Trendlines • Chart Patterns • Buy Box • Volatility Stops • Profit Zones • Entry Zones • Protective Stops • RBB Rounded Bottom Breakout Strategy • Pop Out of The Box Strategy • Pinball Strategy • Trade Planning

►The VXX short-term futures

The VXX has found a few buyers and put together a Bullish Morning Star Pattern with follow-through. Yesterday we picked up a few shares and posted in the trading room at the same time.

►Rick’s Swing Trade Ideas Reserved for Subscribing Members

30-Day Trial • Monthly • Quarterly • Semi-Annual • Annual

To learn more about our trading tools join us in the trading room or consider Private Coaching. Rick will help coach you to trading success.

 

Investing and Trading involve significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only. Terms of Service.

Rick Saddler is not a licensed financial adviser nor does he offer trade recommendations or advice to anyone except for the trading desk of Hit and Run Candlesticks Inc.

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