Candlesticks visually show – and convey important messages – about the “battle” between the bulls and the bears on the time frame being viewed.
One of the most powerful candles is the Wide Range Bar (WRB).
Check out this trade one of our subscribers in the Green Room found this morning which we immediacy jumped on — and sent via Telegram to our Swing and Options Trader:
In this week’s MT Live, we will review WRBs and explain more about them.
Here’s another example we gave our subscribers:
WRBs are Powerful Signals when read in connection with the overall trend, other candles, and price patterns on Multiple Time Frames!
However, every WRB will not have the same meaning and we are going to show you how to tell the difference between them.
During MT Live, we are going to teach you how to interpret WRBs and how to trade stocks, futures and options on the best-looking setups using them on any time frame.
Click Here to Learn The Master Trader Swing Trading Strategies to profits over a few days to weeks.
Master Trader and You Building Your Financial Future Together!
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra Managing Director of Master Trader
Dan Gibby Chief Options Strategist
NOTE: Master Trader will show opening and closing prices of all stock and options trades. We recommend that all traders and investors use proper share sizing for positions and money management. However, we cannot recommend what that is for your particular trading style, risk tolerance, or account balance. We urge you to calculate your own share/position size based on your individualized risk parameters, Trading Plan, and familiarity with the proposed trade strategy and risk. Advanced Management Strategies (AMS) covers in detail foundational and advanced position and money management.
NOTE: Master Trader and its representatives may have existing positions in actual or other trade recommendations before or after suggested herein. Additionally, we may manage them differently for internal purposes based on different risk parameters than noted herein. All trade ideas and content are for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, option or investment strategy is suitable for any person. Trading securities can involve high risk and the loss of any funds. Investment or trading information provided may not be appropriate for all investors, and is provided without respect to individual financial sophistication, financial situation, investing time horizon or risk tolerance. Supporting documentation for any claims (including claims made on behalf of options programs), comparison, statistics, or other technical data, if applicable, will be supplied upon request. Master Trader Consulting, Inc. is not a licensed financial advisor, registered investment advisor, or a registered broker-dealer. Options, futures and futures options are not suitable for all investors.
