Aug 23. qqq 2d spy 3 This signaled to me that I should be looking for shorts in my day trading, but the market opened back near all-time highs. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Technical analysis experts usually use candlestick charts to view stocks. These cookies will be stored in your browser only with your consent. I will play with it and provide feedback. Get my exclusive TradingView indicators (always 100% open source and free): Want to learn more of Inner Circle Traders (ICT) extraordinary concepts? So I set up a Trade Plan on BYND for a break of the high of the inside candle. This cookie is set by GDPR Cookie Consent plugin. You must log in or register to reply here. Futures and Options carry risk and may not be suitable for everyone. With a hands-off approach, Trade Unafraid intelligently navigates the bid-ask spread and gives users the power to place conflicting orders. By fully automating trade entries and exits while still allowing you to manually override anything, Trade Unafraid compels user discipline and adherence to strategies. Please checkout. The Strat is a breath of fresh air in the world of trading education and I've yet to encounter a community with so much freely offered knowledge. WICKS 1 - Top wick / high / very top of the candle The highest price the stock trading during the given time frame of the candlestick And, shoutout to @_JamesBradley__ whose approach to trading has made a tremendous impact on how I trade. Rob Smith is the originator of The STRAT trading method. The indicator will plot a shape with a color coded icon identifying the candle. Strat traders trade on what he describes as three universal truths. If you are new, or just looking for guidance, here are some helpful links to get you started. The Three Universal Truths to Trade on While Strat Trading: Jermaine says that the three things known to be true while. By clicking Accept, you consent to the use of ALL the cookies. Twitter @rickyzane85. A broadening formation is a price chart pattern identified by technical analysts. The cookies is used to store the user consent for the cookies in the category "Necessary". No one can ever exhaust every resource provided on our site. Okay, I've changed the logic and added a pivot_high, pivot_low component for the 3-1-2. Meaning, the stock price takes out previous higher highs and previous lower lows. Benzinga Pro is a financial news and research platform developed in and delivered from Benzingas headquarters in Detroit, Michigan. An ascending triangle is a chart pattern used in technical analysis created by a horizontal and rising trendline. It may not display this or other websites correctly. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Trading using The Strat with smaller accounts may be more beneficial on larger time frames, due to the PDT rule constraints. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. 1. Those conditions aren't true if the trendlines were converging (as in a symmetrical triangle) or parallel (as in a price channel). When a candle breaks through the hammer candle you know that a reversal is present and there is a good potential to entry. It does not store any personal data. The trendlines help them anticipate turning points where they are able to profit from trading decisions if they time the trade successfully or to cut their losses short if the price moves against their position. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. She is a library professional, transcriptionist, editor, and fact-checker. Look for Sara @ssabatino84 in twitter she is very good at this strategy and can provide nice feedback since she also uses TOS. Also known as semantic broadening, generalization, expansion, or extension. Is there a watchlist column showing the time frame, what the current number is and direction with colored columns? Jermaines trading career began about two years ago on an easy to begin platform. The consent submitted will only be used for data processing originating from this website. Conclude support and resistance level based on the higher time frames appreciation or rejection levels. Strat Setups Bullish PMG. A broadening formation is a technical chart pattern depicting a widening channel of high and low levels of support and resistance. I thought that this could end up leading to a pretty choppy morning, and the markets as a whole did not move too much for the first half hour. The biggest thing to remember, especially when working with small accounts is that a gain is a gain. A few minutes after I got it, with a 3 (Broadening formation and price discovery), 2d, and then a 1. Rob Smith is a trading mentor and the Director of Research and Trading Operations for Smith's In The Black LLC at www.SepiaGroup.com. The broadening top trading strategies may vary depending on the overall trading . TheSTRAT is a trading method developed by Rob Smith (@RobInTheBlack). Trade Unafraid evaluates personalized criteria and selects the most favorable option, allowing traders to come out on top. A tag already exists with the provided branch name. Rob Smith. @RobInTheBlack. We and our partners use cookies to Store and/or access information on a device. Investing involves risk, including the possible loss of principal. What you want to do is catch a reversal back through the previous range of one of these formations. Swing traders can capitalize on the oscillations contained within a broadening formation. The logic in this indicator dynamically finds each level in a PMG and draws a line for easy identification. STRAT PART 1 - Candles and Pricing Action, https://www.youtube.com/user/smithsintheblack, https://www.youtube.com/channel/UCYllJ4eRU4wDVSbZ9pHIJKA, https://www.cnbc.com/2021/06/18/stocks-making-the-biggest-moves-in-the-premarket-adobe-smith-wesson-orphazyme-more.html?&qsearchterm=premarket, https://www.federalreserve.gov/newsevents/calendar.htm, https://research.investors.com/economic-calendar/, https://www.earningswhispers.com/calendar, https://www.marketwatch.com/tools/upgrades-downgrades, https://www.marketwatch.com/tools/screener/short-interest, https://usethinkscript.com/threads/rob-smiths-the-strat-indicator-for-thinkorswim.3312/, https://www.tradingview.com/script/PWJRC2Nt-Strat-Assistant/, https://www.tradingview.com/script/0WOo54ab-Candle-Type-The-Strat/, https://www.tradingview.com/script/idDydr1G-TheStratHelper/, https://www.tradingview.com/script/9QtwuoHf-Timeframe-Continuity/, https://www.newtraderu.com/2019/02/13/what-do-we-know-to-be-true-about-price-action/, https://drive.google.com/file/d/1-P-ADhAwqg30pzVSdqzJfprUks02eTu6/view, https://drive.google.com/drive/folders/1eIpH0RyJCGCQvhHZ8miP-DaGwU9bWqLb, https://www.marketgauge.com/TradingThe10OclockBulls.pdf, https://www.interactivebrokers.com/en/home.php, Stock trading after the market closes 4PM EST, indicator to measure the volatility by percentage of a stock with price being neutral, Volatility indicator - a wedge or triangle shape of the recent candles, A compound 3 bar - higher highs - lower lows - subjectively drawn, Usually a term used for when earnings come out in the AM before the market opens, Trending down on the magic broadening formation trendline, type of moving average that places a greater weight and significance on the most recent data points, A company's earnings per share outstanding, Reached magnitude or price target or right at broadening formation line, Trading that occures after the market close 4PM, All time frames "match" - they are all up or down. Its good to set strict stop limits on yourself. Once again, you always have to start out with the larger timeframes and see who is most likely to be in control. These cookies track visitors across websites and collect information to provide customized ads. Unpacking the Broadening Formation with Expert Guest, Rob Smith, Ep #107. The way to view these is start with the biggest time frame and work your way around. After adding these to his watchlist he looks for actionable signals on a weekly to confirm whats happening on a monthly. In early April, my trading account was around $350. The monthly and weekly inside candles were negatives to me, but I loved the daily chart. I have about enough knowledge and common sense to be able to write this indicator using only the basic definitions of the three (six actually) types of scenarios and the four basic reversals, but I still don't have the full ideology under my belt. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. This is benecial because it allows you to remove all biases & only focus on what we KNOW is occurring within the market at any given time. In order to keep the post clean, updates are now found at the very bottom of the thread, Excellent Work. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Where did I get 3948.75 and 11927.50? Open Access (elektronisch) British traditional values in the information space of The Guardian internet resource (2019) Descending Triangle. Determining the trend direction is important for maximizing the potential success of a trade. The top thread has the most recent code and indicator link. Broadening Formations, Right-Angled and Ascending: Time Performance The above table shows the performance of right-angled ascending broadening top chart patterns in bull markets over the last three decades. It was the first day I ran a live trade of the still-to-be-named trading platform we are close to releasing. After a big loss in options trading, he decided to take a break and do some research on ways to better his trading game. Hello, your code is incorrect for the inside bar and for the outside bar. The pattern is considered a continuation pattern, with the breakout from the pattern typically occurring in the direction of the overall trend. The charting method has three major elements; Major direction, candle analysis and conclusion of price direction. This creates a series of higher interim peaks in price and lower interim lows. Results (note I made another smaller trade resulting in a $2 gain, nothing noteworthy though): I am only bringing this up because someone else that read my posts brought it up to me. Would you please share the updated code? He operates a trading room at Sepia Group. I had a solid start, and I have decided to share my trading here. Stay in the know with Benzinga Pro news, product updates, and promotions. We do not recommend making hurried trading decisions. Shoutout to @RobInTheBlack. I've made a lot of changes and updates and added a few more studies! Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. I've wanted to respond to you in TradingView but I can't for the life of me figure out how! He also offers a, on getting started with The STRAT, and numerous. The user can independently toggle on/off the Strat numbers, boxes around the Strat Combos, and Hammer and Shooter shapes. Accretive Capital LLC d.b.a. Please checkout TradeUnafraid.com I got stopped out pretty quickly, resulting in a 2.5% loss. The Strat Combo labels (which are made of the 1s, 2s, 3s outlined above) display labels when a Strat Combo occurs. In the face of drastic global climate change, the transition to a green economy is becoming increasingly important and it is understood as an opportunity to redesign and redefine business models, products and services, market approaches, forms of consumption, and production. I can tell that you have put a lot of labor into it. This compensation may impact how and where listings appear. Talc Lawsuits Keeping Lid on Johnson & Johnson (JNJ), Trend Trading: Definition and How Strategy Aims For Profit, Trend: Definition, Types, Examples, and Uses in Trading, Descending Triangle: What It Is, What It Indicates, Examples, Understanding Trend Analysis and Trend Trading Strategies, The Ascending Triangle Pattern: What It Is, How To Trade It. What specific condition do you want an alert for? No one can ever exhaust every resource provided on our site. It also shows the nervousness and indecisiveness of the traders. Benzinga Pro is for informational purposes and should not be viewed as recommendations. Using quantitative analysis that breaks down price action by timeframe continuity, actionable signals, and price discovery broadening formations, The STRAT has been shown to amplify trading results for both short and long-term traders. When connecting these highs and lows, the trend lines form a widening pattern that looks like a megaphone or reverse symmetrical triangle. TheSTRAT is a trading method developed by Rob Smith (@RobInTheBlack). Bull Flag. What Is A Broadening Formation? An inside bar is where the subsequent bar is completely within the preceding bar, not equal to. Thats how the trends are initiated and continued on till they reverse! The Strat Numbers & Combos This TradingViewindicator is an all-in-one "The Strat" script. This cookie is set by GDPR Cookie Consent plugin. Broadening formations may also occur during earnings season when companies may report differing quarterly financial results that can cause bouts of optimism orpessimism. check daily chart. I will never see another chart again without seeing #TheStrat. Realizing that he wanted to make bigger gains, he decided to get into options trading. For example, a swing trader may identify abroadening formation and enter long positions when the price hits a lower trendline and/or short positions when the price hits an upper trendline. Bus Strat Environ Kai Hockerts This paper proposes that a cognitive perspective on corporate sustainability and competitiveness might allow new insights into the question of the business case. We believe that every student is a pre-scientist, and we aim to give them the tools they need to continue their education.