The video below teaches how to trade Master Trader’s Bullish 1-2-3 Continuation (+123) Setups with an MTS Price Pattern, entry methodology, and management.
Based on the market action last week, there are a few great Setups. The video will scan through all of them and discuss the best ones to trade stocks and options this week.
Common Sense Technical Analysis Simplifies Trading Strategies
Master Trader Technical Strategies (MTS) foundational concepts are built on an indisputable fact.
All chart price patterns — in any tradable instrument — are a picture of human emotions and beliefs created with money.
MTS also utilizes Multiple Time Frames (MTF) combined with other technical analysis concepts like the trend, support, and resistance concepts to form a trading strategy.
All MTS Technical Analysis Concepts are Universal to All Time Frames.
For example, support and resistance form in all time frames and can be reacted to in the timeframe being viewed.
A foundational technical analysis concept is that the trend, support, and resistance will be more significant in a higher timeframe than in a shorter one.
So, prices trending lower in a higher timeframe have a high probability of trading through support in the lower timeframe.
Master Trader Tip: The Ideal +123 Setup will form at an area of prior support with a Price Void.
Not every setup will form this way, but the more aligned technical concepts, the greater the probability of a trade working when a pattern forms. Common Sense!
The reversal can form in multiple ways; we don’t have to know exactly.
You don’t have to know exactly using the MTS concept of Bar-by-Bar Analysis.
Using Bar-by-Bar Analysis with the +123, however, the pattern may form — you will know what it means and when to act.
What Trading Vehicle Should be Used to Profit from the Trading Setup?
The easiest vehicle to use is to buy the underlying instrument.
That can be a Stock, ETF, Crypto, or Futures contract.
Master Trader Technical Strategies (MTS) can be applied to any instrument that is charted.
If you are knowledgeable in Directional Options Strategies – and the options are liquid, using call options with the appropriate strikes and time to expiration is fine.
Every Master Trader Options Strategies begins with our Technical Analysis of the charts that provide the directional bias.
Let’s Look at the Many +123 Setups Now in the Video and Continue the Education.
In the video, I will explain the details of what makes a great +123 to an okay one or one that we would not do.
For better viewing, click the box at the lower right corner to open Full Screen
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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
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