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Benzinga Pro is a financial news and research platform developed in and delivered from Benzingas headquarters in Detroit, Michigan. 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. This creates a series of higher interim peaks in price and lower interim lows. TheSTRAT is a trading method developed by Rob Smith (@RobInTheBlack). What Is a Broadening Formation? 0:00 / 49:47 #TheStrat TrendSpider Webinar: Exploring "The Strat" with Rob Smith TrendSpider 41.8K subscribers Subscribe 601 Share 34K views 3 years ago In this webinar, we have guest Rob Smith. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Please checkout. 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. Hammer that counters/turns into a shooter, Whole day is inside candle from prior day, Whole week is inside candle from prior week, How far a price run is or the price target, Company or an individual that quotes both a buy and a sell price hoping to make a profit on the bidask spread, Rob Smith saying look for the GAP on these it might fill, when a price breaks above or below the previous candle high or low from the open used on 15, 30, or 60 mins from open, the high price of a stock from the opening range 15/40/60 mins from open breaking to the upside, the low price of a stock from the opening range 15/30/60 mins from open breaking to the downside, Traders who trade 4+ day trades over the span of 5 business days on a margin account get their account flagged with this, Stock trading before the market opens 9:30AM EST, Trend pivots the other way taking out several highs or lows of other candles, Candle that looks like a gun or upside down T, moving average calculated by adding recent prices and then dividing that figure by the number of time periods, Flip of the time interval to produce a new candle, corrective pullback/activity - a wedge or triangle shape of the recent candles, statistic used by traders to determine what the average price is based on both price and volume, Above the reversal / continuation entry to the upside and below the reversal / continuation entry to the downside, Gamble play, risky but very rewarding, usually a fast expiry, 1 - Top wick / high / very top of the candle, The highest price the stock trading during the given time frame of the candlestick, 2 - Bottom wick / low / very bottom of the candle, The lowest price the stock trading during the given time frame of the candlestick, The price of the stock at the open of the given time frame (top or bottom of the fill depending on the color, more below), The price of the stock at the close of the given time frame (top or bottom of the fill depending on the color, more below), 3/4 The open was lower than the close, it opened at the bottom and closed at the top (price went up), 3/4 The open was higher than the close, it opened at the bottom and closed at the top (price went down), 1 Candle / Inside Bar / Inside Action / Consolidation / Sideways, Occur when the current candle falls completely within the prior candle, Balance, equilibrium, buyers and sellers agree on price, no one is in control, trying to determine where price is going next, Never trade a one bar, wait for the consolidation to stop then it's time to get into a trade, 2 Candle / Directional Bar / 2 Down / 2 Up, Occur when the current candle takes out one side of the prior candle, A 2 down means it took out the previous candle's low, but failed to take out the high, A 2 up means it took out the previous candle's high, but failed to take out the low, Sellers are selling it down or buyers are buying it up but not both, a 2 can turn into a 3, but never a 1, The market trades in the direction of the most 2's, but only trade 2's with continuation, 3 Candle / Outside Bar / Discovery Candle / Mother Bar, Occur when the current candle takes out both sides of the prior candle, Price discovery starting over, buyers willing to buy it up, sellers willing to buy it down, choppiness, Never trade a mother bar, price discovery is happening, wait for further confirmation one way or anther, Price direction is best determined when looking at multiple time frames rather than lagging indicators or moving averages, When all time frames point in the same direction in either direction, or Full Time Frame Continuity, is the ideal trading situation, Simplest explanation is = it's a compound 3 bar, Just pick a high, draw the line to a higher high, Bars should be more FLAT than not, otherwise mostly inside action (which is fine, but if you are looking for trends start flatter), Increasing price volatility and diagrammed as two diverging trend lines, one rising and one falling, It usually occurs after a significant rise, or fall, in pricing action. The stuff I do know has already made a tremendous difference in my trading which is why I wanted to write these in order to give myself a more 'visual' perspective. This is one of the most important concepts when trading on The Strat. These traders rely on technical analysis techniques, such as trendlines or technical indicators, to quickly enter and exit trades that capitalize on short-term movements. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. All stocks, ETFs, commodities, Indices, Forex, Bonds, and other securities mentioned in our courses are for educational and illustrative purposes only. JavaScript is disabled. Hey, check out the top post again my friend. Trade Unafraid evaluates personalized criteria and selects the most favorable option, allowing traders to come out on top. 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. This post, once again, shows how understanding The Strat naturally results in small losses. He has concluded his trading method after participation in the market for more than 20 years. Formation of the initial pool of 39 items based on the adoption of items from existing measures of the quality of health information and communication and the development of new items from the denitions of the dimensions; 2. You must log in or register to reply here. He also offers a, on getting started with The STRAT, and numerous. SepiaGroup.com is an educational site and is not a financial adviser or broker. Differences between a Symmetrical Triangles and Pennant Patterns. The STRAT method, developed by Rob Smith, is a price action-based charting strategy that analyzes individual candles and how they relate to each other, how they conform to levels of support and resistance, and how they can be traded with other time frames. Much better things are in the works. The logic in this indicator dynamically finds each level in a PMG and draws a line for easy identification. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Not a Trade Advice or Recommendation. Tell me how to fix it, or at the very least, tell me where exactly you think I'm wrong. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets. It's always more enjoyable to post your winners, but I have learned that small losses are much more essential than any size winner. A trend is the general price direction of a market or asset. Also known as semantic broadening, generalization, expansion, or extension. The Strat Combo labels (which are made of the 1s, 2s, 3s outlined above) display labels when a Strat Combo occurs. 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. I have made all the changes in the code and logic be reflected in edits to my previous posts. So I set up a Trade Plan on BYND for a break of the high of the inside candle. [1] There are five reversal patterns that Jermaine goes over during the webinar. Cheers to the author! Jermaine says that having all your charts set-up (starting from bottom right corner, going counterclockwise) by monthly, weekly, daily, and 60. JavaScript is disabled. If you look at AAPL's chart at the open, I can build a pretty strong narrative to have a long bias. Robs Live Room, where he follows the market every weekday, is a mainstay of Sepia Groups programming. This compensation may impact how and where listings appear. My intention is really to help. I had a solid start last week, and I have decided to share my trading here. 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. Jun 11, 2021 Comment: BLAST OFF Twitter Downward breakouts have a big break even failure rate which may disqualify them from your trading tools. Terms in this set (12) What is The Strat & Why is it beneficial? The STRAT Method Broadening formations are a universal principle of the STRAT method, developed by Rob Smith. And, shoutout to @_JamesBradley__ whose approach to trading has made a tremendous impact on how I trade. The first was a one-minute candle trail, so if the price of BYND broke the low of any prior one-minute candle, it would exit. Image by Sabrina Jiang Investopedia2021. It focuses on what is shown to be true by using multiple timeframe for quantitative analysis following the aggregation of price over time, divided among different participation groups, in the form of candlestick price charts. Globalization has resulted in an exponential increase in the number of Third Culture Kids (TCKs), defined as being raised in a culture other than that of their parents (or the passport country) and meaningfully interacting with different cultures. Upward breakouts did best in the 2000s but worst in the 2010s. I got stopped out pretty quickly, resulting in a 2.5% loss. Great for families and/or active people! Knowledge should be collaborative and shared, not behind a paid wall. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets. We also use third-party cookies that help us analyze and understand how you use this website. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. The indicator will plot a shape with a color coded icon identifying the candle. These candle types are highly likely reversal points in price action. Conclude direction of the current trend by looking at the direction of the higher time frame candles. https://www.tradingview.com/chart/SQ/thANeLSU-SQ-The-STRAT-by-Rob-Smith/, Rob Hoffman - Overlay Set For ThinkOrSwim, Rob Smiths TheStrat x ORB with Targets For ThinkOrSwim, Need help with Strat Number Code and hiding some of the numbers, TrickyBear - Range Failure signal #STRAT Inspired For ThinkOrSwim, https://usethinkscript.com/threads/repainting-trend-reversal-for-thinkorswim.183/, https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/, https://usethinkscript.com/threads/answers-to-commonly-asked-questions.6006/, Each of the plots (ThreeBear, ThreeBull, etc). 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. The widening of these two trendlines meansthe potential profit for each swing trade is greater than the swing before. You can login with twitter below to verify your age. The material and results shared in these posts are made possible by using Trade Unafraid. A broadening formation is a pattern where ranges continue to expand on both sides, thus an outside bar is a broadening formation when you shorten the time frame of the chart. The user can independently toggle on/off the Strat numbers, boxes around the Strat Combos, and Hammer and Shooter shapes. Any mention of Return of Investment percentages is only indicative of the potential of the strategy or the system and is not meant to signify any guaranteed returns. Starting your free trial is easy, all you have to do is sign-up here. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Rob Smith's theory is that stock prices move through a series of broadening formations. Before beginning you have to have a basic understanding of candlesticks. An inside bar is where the subsequent bar is completely within the preceding bar, not equal to. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. The support (lower) line is formed by 2 or more descending troughs. But opting out of some of these cookies may affect your browsing experience. This is a great way to use The Strat to naturally build tight stops into your trading. Optimization of a set of 31 items based on expert reviews of the initial pool of items (the authors evalu- To draw the lines of the triangle or broadening formation simply go off old highs and lows. This TradingView indicator is an all-in-one The Strat script. EURUSD with the Strat indicator. Dow Jones Industrial Average Index ( DJ:DJI ) chrisatom Pro Nov 1, 2018 Beyond Technical Analysis DJI broadening-formation 9 6 Following from the smaller scale charts posted previously, weekly scale shows 2 triangles in action from outside bars. Dont set your stops way above the shooter or way below the hammer. Preferably we want the reversal to happen at the beginning of the week. This is to ensure that you can exit quickly. Even if its small. 1s are inside bars of the previous candles. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. An example of data being processed may be a unique identifier stored in a cookie. Its good to set strict stop limits on yourself. TheSTRAT is a form of charting method where one should analyze multiple timeframes. For instance, I don't get exited about a long that is green for the day, but red on all other timeframes. In this episode of How To Trade It, Casey talks candidly with Rob about the Broadening Formation and his You also have the option to opt-out of these cookies. Bear Flag. Another great way to ensure small losses when option trading is to avoid options where the spread collapses beneath you. Unpacking the Broadening Formation with Expert Guest, Rob Smith, Ep #107. Bull Wedge. The numbers are made as follows: Number 1 in green and below the price is an inside bullish bar. Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. Inverted Hammer == silver (Bearish) Here is the analysis: As always, I zoom out to see the story of the higher time frames to determine bias. The charting method has three major elements; Major direction, candle analysis and conclusion of price direction. It may not display this or other websites correctly. Aug 23. Once you become more experienced you can start identifying them on smaller time frames. Meaning, the. I've wanted to respond to you in TradingView but I can't for the life of me figure out how! The new v iew in psychology assumes that learning is We get it. When connecting these highs and lows, the trend lines form a widening pattern that looks like a megaphone or reverse symmetrical triangle. Other chart patterns perform much better. An ascending triangle is a chart pattern used in technical analysis created by a horizontal and rising trendline. You must log in or register to reply here. He also offers a course on getting started with The STRAT, and numerous videos offering daily insight into the market. I will never see another chart again without seeing #TheStrat. Determining the trend direction is important for maximizing the potential success of a trade. Here to learn! Rob Smith. You'll get chopped up trading too early in price discovery. Additionally, on Benzinga Pro, you can easily have all your charts set up as recommended by Jermaine. It is identified on a chart by a series of higher pivot highs and lower pivot lows. A PMG can continue going in its direction or it can reverse and come back through the range. When Jermaine creates his watchlist, he automatically sets up the monthly chart and looks for anything that is on a Scenario 2 for that month. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Broadening formations occur when a market is experiencing heightened disagreement among investors over the appropriate price of a security over a short period of time. Please verify your age. Trade Unafraid evaluates personalized criteria and selects the most favorable option, allowing traders to come out on top. Investopedia does not include all offers available in the marketplace. Many practitioners of The STRAT have experienced triple digit returns over time, often outperforming the S&P by over 500%. I'm a visual learner. 2s take out only one side of the previous candle. As the stock crept up, I was watching for the 725.4 mark, which was yesterday's high. Shooting Star == gold (Bullish) BROADENING FORMATIONS (1ST DRAFT) This study will only find 1-3 combos and extend diagonal lines outward. The actionable signals in themselves arent universal. It usually occurs after a significant rise, or fall, in the action of security prices. Realizing that he wanted to make bigger gains, he decided to get into options trading. useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Broadening formations indicate increasing price volatility. Hammer == silver (Bearish) However, this trade was not meant to be. Hanging Man == gold (Bullish). Shoutout to @RobInTheBlack. Disclaimer: Benzinga is a news organization and does not provide financial advice and does not issue stock recommendations or offers to buy stock or sell any security. @RobInTheBlack. 1. Trend analysis is a technique used in technical analysis that attempts to predict future stock price movements based on recently observed trend data. How to Trade The Strat with Small Accounts, The Strat candle numbers (1s, 2s, & 3s), The Strat Combo labels along with trigger line. Candlestick Overview Before beginning you have to have a basic understanding of candlesticks. When found in an uptrend it indicates not a continuation of that trend, but a near-term reversal of the price action. But because the sellers had dried up, by the time the next candle hit, my candle trail had already crept up to the price where I had bought the stock. Open-source script In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Reversals become important when you run into conflict.