The Weekend Shift – Episode 20
The Price Action
Is this the move?
The broader averages and the Weekend winners
The top winners from last week’s Weekend Vid from Rob Smith were:watchlist
No list last week due the earning reports, FED report, and high volatility. What was the top winner for you?
Tell us on Twitter at @SepiaGroup
The spread is the difference between the Bid and the Ask. When trading common this is usually close together. When trading option this can be a totally different story.
How to put the squeeze on them.
Special guest Ray Gentsmen
How to use the TTM indicator for more conviction.
Ray started with the Strat one year ago after some personal experience trading on his own. After finding the Strat community he changed how he did everything. No longer relying on indicators to tell him when to get in. Ray primarily trades options using the 30 min, 15, and 5 minute time frames. He only uses three times frames on his screen. His main go to indicator is the TTM Squeeze Pro indicator found in TradingView. This measures the volatility of the Market. The squeeze is basically working an inside break. Much like we do with a 2-1-2 reversal, or a 3-1-2 reversal. The red, yellow, and blue bars at the bottom of the screen shows the momentum on the squeeze. Ray says, “Right before it fires, you will see these bars get tighter, and then switch color. I want confirmation across all the time frames.” He uses these bars to have further confirmation of the move. This gives him confidence to hold the option. He wants confirmation so that he does not have restrictions from a higher time frame. “If the 30 minute is firing to the downside, but the 15 minutes is going up, I know (the 15 min) is not going to last long,” says Ray. He wants to ensure he doesn’t get caught up in a pull back. “When price shoots up really fast, it’s going to pull back really fast,” cautions Ray.