CSCO: It’s no mystery that many Breakouts/Breakdowns fail. So how to participate with confidence? Master Trader teaches how to detect the “tells” to ensure high-probability Setups. CSCO was a beautiful no-brainer Breakdown after clear, failed attempts to move higher. It was in a downtrend, with lower pivot highs and lower pivot lows, and declining 20/50-MAs. Both green marked candlesticks were bearish Wide Range Bars (-WRB), negating the bullish gap open. This is bearish price action. Following the second green marked –WRB candlestick, CCSO closed with two Topping Tails (TTs), more signs of sellers lurking above, on Major Support. Trading under these lows was a perfect entry to buy liquid put options, which offer the benefit of leverage and limited risk. After entry, it fell easily into the Void below (i.e., insignificant support to the left), allowing us to book a quick 43% ROC in one day with easy trade management.
I think you are amazing to manage the sheer volume of trades you put out on both the weekly and the swing services. Unreal! You are one of the best I've see, and I've seen a lot. Thanks on behalf of all!
Mick T.
I learned a lot going through the MTS course; so far I reviewed it three times and each time, I discovered wealth of new insights. I am also a member of the Advisory Letter and the Weekly Options: where else can you find a batting average higher than 85%. Greg and Dan are not only Master Trader but also Master Teachers; I don’t miss the Wednesday lessons (MT Live) where you learn how to find that something something to boast your returns. I am addicted.
Ibrahim A.
You guys are the only two traders that teach candlesticks and relate them directly to trade setups. I have learned so much and it has actually turned me into a profitable NQ trader which is where I cut my teeth. Could not consistently achieve “green” days until I found MasterTrader. Now I am learning stocks, and options and swing trading. It is all starting to make sense. Before, it was a jumbled mess. I would highly recommend MT because you 2 are traders, teachers, and mentors. This does not exist in the “learn to trade” world. I find your pre-market and live market trading second to none. Also, you give pre-made scans to students for TC 2000 which is invaluable! Really - it is priceless! For me, you guys have all the bases covered short of you sitting with me at my computer teaching me what to do....but you guys already do that too--- daily!