Master Trader Buy Setup: A Master Trader Buy Setup is a retracement and bullish reversal on support in an uptrend, something we can easily teach to an 8-year-old using Master Trader Strategies (MTS). With all bullish setups, we need a Price Void (i.e., insignificant resistance to the left) to allow the issue to move higher.
Setup: The first blue arrow shows what we call a Professional Gap Breakout from consolidation on 5/8, igniting a new uptrend. Notice INOD’s bullish uptrend with higher Pivot Highs and higher Pivot Lows above the rising 20/50-MA. It then had a neutral slowing momentum bar (i.e., a doji) on support where shown. That completed our Setup.
Multiple Time Frame (MTF) Alignment: Although not shown, the weekly chart was bullish for the Buy Setup on the daily chart, helping to ensure a high probability of success of the stock moving higher.
Trade Execution: We recommended buying the stock over the high of the doji bar with a stop under the doji/reversal bar. Because of the explosive quick move up, we scaled out into strength as it approached the prior high (Major Resistance).
Profit: As you can see, subscribers yielding a generous $611 profit and 23% return in an easy-to-manage 4-day swing trade. Had you bought 1000 shares and followed our trade management, you would have made $2,100 profit.
Conclusion
Master Trader Strategies (MTS): Learn our proven methods for high-probability trades in all market conditions!
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