CSIQ: Many traders are paralyzed to buy Breakouts or short Breakdowns out of fear that they will quickly fail – particularly from bottoming and topping patterns. Master Trader teaches how to detect the “tells” to ensure that these Setups will succeed. Let’s start by looking at the bottoming price action on CSIQ during May. Clearly in a downtrend, it finally had a bullish retracement to the declining 50-MA, a sign of strength. Notice the violent up and down moves for two weeks, allowing the 20- and 50-MA to start to flatten out, both good signs of bottoming action. But we trade candlesticks and patterns. The blue arrow shows a a bullish Wide Range Bar (+WRB), closing at the top end of this consolidation area and negating prior bearish –WRBs. After the +WRB, there was a bullish inside bar which stayed in the upper 40% of the +WRB. This is what we call a Master Trader 1-2-3 Continuation (+123) where we look for bullish stock or option trades. As with all Setups, we require a Price Void (i.e., insignificant resistance to the left for longs), which existed with CSIQ because of the multi-week bottoming action. We recommended buying calls (which give the benefit of leverage and limited risk) when the +123 triggered. It triggered where shown, providing us with an easy-to-manage profitable swing trade (86% ROC in four days using call options!).
NARI: NARI is another Master Trader 1-2-3 Continuation (+123) Breakout from a bottoming pattern, but obviously set up differently. The first blue arrow shows a very bullish gap which didn’t retrace; instead, it went sideways for another seven days, closing with a small Breakout. The next two bule arrows show bullish Wide Range Bars (+WRB), a sign of strength after the Breakout from the prior consolidation. We recommended buying the stock when the +123 triggered where shown, providing us with an easy-to-manage profitable 8-day swing trade.
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!