+WRB Breakout With Multiple Time Frame Alignment
Trading high-probability Setups are the same for stocks, bonds, Index and Sector ETFs, commodities, or currencies — on any time frame!
Master Trader teaches many price patterns for trading stocks and options.
Using Bar-by-Bar Analysis, you will know what any price pattern signals — even one that can tell you to do nothing.
In this Trade Review we are going to teach you how to use the Concept of Multiple Time Frame (MTF) Alignment to increase the probability of the Setup working as intended into the Void.
With all Setups, we need a Price Void (insignificant resistance to the left for longs), as you will see here, which is why we labeled it a Core Long (i.e., holding period of weeks to months).
Below is a daily chart of Exterran Corporation (EXTN) - VIDEO:
(Click chart to watch the video!)
The compelling Setup was a +WRB Breakout from consolidation.
Here’s the history of the trade alert given to our subscribers:
4/11: EXTN – Bought stock at $7.00 as a core long. +WRB Breakout at 20-MA, Breakout of huge bottoming pattern monthly with Price Void. Earnings 5/3. 4/13: With +Gap Breakout, move Stop $6.68.
The Video discusses why EXTN had beautiful MTF Alignment for a position trade, with a Price Void on both the weekly and monthly charts.
Master Trader Tip: “MTF Alignment” puts the odds of follow through in your favor!
The analysis is explained in nightly letter videos for subscribers.
Once in a trade, we are in trade management mode.
It’s an open trade in the Advisory Letter and acting great in a bullish sector.
Nice trade Setup!
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