The STRAT Execution Basics course will teach you how to interpret candlesticks, become familiar with Strat situations, and trade three Strat reversals. The topic of this course is the first universal truth: actionable signals. The remaining two, Time frame Continuity and Broadening Formations, will be covered in a separate course.
What is the primary focus of The STRAT Execution Basics?
- Actionable Signals
- Time frame Continuity
- Broadening Formations
How to Interpret Candlesticks in Jermaine McGruder’s “The STRAT Part 1” Candlesticks resemble bar charts and display the market’s open and close within a specific timeframe. Each candle comprises four elements: the open, close, body, and wick. The body represents the solid part of the candle. In this illustration, note that the open and close originate from different points. The green candle opens at the bottom, while the red candle opens at the top. The wick is the slender section of the candle. In contrast to other trading systems, which ignore the wicks, we take them into account in the Strat course. They indicate where trades occurred and where individuals were stopped out. We will integrate this fundamental knowledge with the Strat Scenarios in the upcoming lesson. For now, understand that green and red candles have distinct open and close positions. Green candles ascend on the chart, while red candles descend. The color of the bar holds significance as it swiftly conveys the actions of institutional buyers: whether they are hitting the bid or the ask. The term “Bid” refers to the highest price a buyer is willing to pay for acquiring a stock or an option.
Reviews
There are no reviews yet.