WTF are those numbers on your charts @AlexsOptions ? Why are you saying that's the bottom?
What's a rev strat?
2-2 reversal? Looks like candles to me...
Pffft broadening formations? I want what you're smoking.
Any of my followers with those thoughts just read... #TheStrat
What's a rev strat?
2-2 reversal? Looks like candles to me...
Pffft broadening formations? I want what you're smoking.
Any of my followers with those thoughts just read... #TheStrat
What is TheStrat? It's @RobInTheBlack 's strategy he's developed over many years that uses 3 fundamental truths in price action. These are important because price CANNOT trade outside of the rules we're going to talk about meaning we know EXACTLY what is happening.
3 Types of Candles (The funky numbers)
From 1 bar to the next only 3 things can happen (named as listed)
1: Inside bar
2: Break of previous high or low
3: Break of previous high AND low
This is important because knowing there's a finite amount of candles means...
From 1 bar to the next only 3 things can happen (named as listed)
1: Inside bar
2: Break of previous high or low
3: Break of previous high AND low
This is important because knowing there's a finite amount of candles means...
-that there is a finite (limited) amount of reversals that can occur. Here are all the reversals that can occur :
This also gives us concrete entries & targets, no guess work for us to deal with.
https://twitter.com/AlexsOptions/status/1363670164882010114?s=20
This also gives us concrete entries & targets, no guess work for us to deal with.
2) Timeframe Continuity (FTFC UP / DN)
Timeframe continuity is the most overlooked part of trading by many. This is a way of doing multi-timeframe analysis so we know what market participants are doing by price & time. This allows us to...
Timeframe continuity is the most overlooked part of trading by many. This is a way of doing multi-timeframe analysis so we know what market participants are doing by price & time. This allows us to...
trade with the more aggressive participants (buyers or sellers?)
Timeframe Continuity works by using the 4 major timeframes, the 60 minute, daily, weekly & monthly chart.
When all of the timeframes are GREEN we know that the sellers are getting their price, meaning the buyers-
Timeframe Continuity works by using the 4 major timeframes, the 60 minute, daily, weekly & monthly chart.
When all of the timeframes are GREEN we know that the sellers are getting their price, meaning the buyers-
are taking the offer (buying at the ask)
This is useful because now we know to be taking LONG positions off reversals / continuations back in the direction of all of the timeframes.
A good example of this is $F when the month week day & 60 are green they're BUYING, very simple.
This is useful because now we know to be taking LONG positions off reversals / continuations back in the direction of all of the timeframes.
A good example of this is $F when the month week day & 60 are green they're BUYING, very simple.
3) BROADENING FORMATIONS
These are how we gauge MAGNITUDE (how far is price going to go)
First of all, yes these are common here's 3 examples so you don't think I'm smoking something (haha)
This is the most magical part about TheStrat IMO
These are how we gauge MAGNITUDE (how far is price going to go)
First of all, yes these are common here's 3 examples so you don't think I'm smoking something (haha)
This is the most magical part about TheStrat IMO
To add- All a #BroadeningFormation is saying is "these"(highlighted) are outside of all the previous bars
(aka compound outside bar)
And knowing we take out both sides of a range, if we get a reversal and time continuity after making a huge compound 3 we know exactly where-
(aka compound outside bar)
And knowing we take out both sides of a range, if we get a reversal and time continuity after making a huge compound 3 we know exactly where-
-price is going. If you look back at that $SPY monthly chart you see the 2-1-2 month and how we flipped continuity on the monthly back to the upside? The second you see that monthly go green you know the market participants are BTFD. The previous crash was the exact same :)
To add, we want to be trading THROUGH A PREVIOUS RANGE. Get that in your head, going into ATH's means buyer exhaustion risk
When you come back through a previous range anyone short is going to have their stops set at obvious pivots, here's all the pivots on $EBAY
When you come back through a previous range anyone short is going to have their stops set at obvious pivots, here's all the pivots on $EBAY
Notice how we RIPPED through there? That's a pivot machine gun (pew pew) and that is exactly why we want to trade through a previous range. The 'stops' are pretty much market buy orders meaning they're removing liquidity and bidding it up in the direction of your trade!
I'll be adding more in the future any clarifications just dm me and let me know what to add.
Trade examples from TODAY 3/19/2021
$BBBY $WDC (Discord=proof)
$BBBY $WDC (Discord=proof)
$SPY 5minute (the 5er)
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