In our 4/26/22 “Weekly Trade Review: FDN Bull Sandwich Breakdown,” we showed you how to trade a specific high-probability Continuation Pattern called the Master Trader Bull Sandwich.
FDN and QQQ were recommended as short trades in the Master Trader ETF Investment trader has longer holding periods based on the price Voids on the larger time frames.
Both are still open positions in the advisory service.
These Master Trader Bull Sandwich Setups were abundant recently with the markets’ bearish reversal.
Instead of focusing on a new trade Setup, this week we are going to show you how to use Master Trader “Pivots for Exits” to attain larger gains in open profitable positions.
Applying our approach will help to limit the emotional baggage and not make the same mistakes that the majority do in maximizing gains.
This was the original trade for our subscribers:
“4/18: First Trust Dow Jones Internet Index Fund (FDN) - Under $175.19, consider shorting the ETF. Bull Sandwich (i.e., two -WRBs engulfing a +WRB) Breakdown at 20-MA, Sell Setup and potent reversal weekly. Stop $182.46”
You can see the trade Setup sent to our subscribers in real-time with Telegram text alerts, as well as in an Open and Closed Spreadsheet.
Watch Squeezing the Highest Profits Using Master Trader “Pivots for Exits” - VIDEO Below:
The Video describes the original Setup and trade management since entry. It is still an open trade with a huge unrealized profit (along with QQQ).
Nice trade!
