Master Trader Breakout on Multiple Time Frames – Learn the “Tells” to Ensure Success!
Real Master Trader Trade with Amplify Transformational Data Sharing ETF (BLOK).
Initial Setup: The first blue arrow shows the Breakout on 6/4, where we recommended to subscribers of our ETF Investment Trader, to buy. It actually broke out on 5/20 but then consolidated for a few weeks above the 20-MA. The green semi-circle band shows the new support area being formed leading to the Breakout shown on 6/4.
Secondary Breakout Setup to Add: After entry, we are in observation and management mode, trailing pivot lows and monitoring price action. Our ETF Investment Trader trades ETFs on longer time frames so as long as the ETF is acting bullish as intended, we allow it to retrace and consolidate with the bullish bias of it moving higher into the Void on multiple time frames.
Bullish Signals: Notice the bullish price action above the 20-MA and two green stars marked showing -Gap Reversals (i.e., buyers/demand lurking below). BLOK then closed with bullish +180 reversal Breakout at the 20-MA, with bullish weekly and monthly charts, where we told subscribers of all of our three Advisory Letters (including Master Trader social media) that it was a great setup to add long exposure.
Unfortunately for those wanting to buy/add based on the above analysis, BLOK had an excessive gap and move the following trading day, skewing the reward-risk for a new trade. For our open trade, we were pleased.
Trade Execution and Additional Analysis
The rapid 3-day rally in BLOK got it extended from the 20-MA, typically a sign of being short-term extended; thus, we recommended selling 1/3 of the position into the close for a generous 34% ROC.
Now the stop for longer-term traders should have been under the 7/12 +180 Breakout green candle; however, because the BLOK ETF and broader markets were all very extended, we decided to tighten the stop to realize those profits and monitor for a new setup over time.
Profit: As you can see, subscribers yielding a generous $675 profit and 24.5% return in an easy-to-manage 45-day swing trade. Had you bought 1000 shares and followed our trade management, you would have made $4,220 profit (and that even does not include the add on 7/12!).
Conclusion
Master Trader Strategies (MTS): Learn our proven methods for high-probability trades in all market conditions!
Directional Swing and Options Trades daily in the Advisory Swing and Options Trader Letter. Read about the ETF Investment Trader letter which trades ETFs, Market Updates, Sector Analysis/Rotation, and Videos https://mastertrader.com/ETFs.
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