We are pattern traders on all time frames and all instruments. Then we overlay the other concepts that make up our technical approach, which is called the Master Trader Method (MTM), in analyzing the quality of the Setup.
At Master Trader, we have several criteria to define quality setups based on the structure of the price pattern using Master Trader Strategies (MTS), which we will discuss in the video.
With Breakouts and other Setups, we need a Price Void (insignificant resistance to the left for longs).
We’re going to show you a compelling Breakout on DraftKings Inc. (DKNG), which had bullish price action on Multiple Time frames (MTF), which supported our bullish bias for a core position (i.e., holding period of weeks to months).
When MTF are aligned like with the DKNG, we will show you why the odds increase dramatically for pattern success.
Management updates are sent intra-day by text message to subscribers.
If you followed our trade management methodology, and legged into a covered call prior to earnings as a partial hedge, you booked a 53% gain in five weeks!
Nice trade!
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