The main target in The STRAT Execution Basics is to grasp actionable signals. You will learn from Jermaine McGruder on how to decipher candlesticks, acquaint yourself with Strat situations, and engage in trading three Strat reversals. The topic of this course is the first universal truth: actionable signals. The remaining two, namely Time Frame Continuity and Broadening Formations, will be addressed in an alternate course.
What comprises the central focus in The STRAT Execution Basics?
- Actionable Signals
- Continuity of Time Frames
- Broadening Formations
The art of reading candlesticks according to Jermaine McGruder’s teachings in The STRAT Part 1 involves their resemblance to bar charts, displaying the market’s opening and closing prices within a specific timeframe. A candle is composed of four elements: the open, close, body, and wick.
The body is the solid segment of the candlestick. In this illustration, it’s noticeable that the open and close originate from distinct points. The green candle initiates its opening at the base, while the red candle commences its opening at the apex. The wick constitutes the slender section of the candle.
In contrary trading methodologies, the wicks are disregarded, with only the body being considered. However, in the Strat course, we account for the wicks, acknowledging the trading that occurred at those levels—instances where individuals were stopped out.
This fundamental understanding will be integrated with the Strat Scenarios in the ensuing lesson. At present, it’s crucial to comprehend that green and red candles possess dissimilar opening and closing points. Green candles ascend on the chart, while red candles descend. The hue of the bar holds significance, serving as a swift representation of the actions of institutional buyers—whether they are executing bids or asks.
The term “Bid” pertains to the utmost price a purchaser is ready to offer to acquire a stock or option.
More courses from this author: Jermaine McGruder
Course Features
- Lectures 1
- Quizzes 0
- Duration 10 weeks
- Skill level All levels
- Language English
- Students 0
- Assessments Yes