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John uses the Triple Squeeze to compare a stock against its ETF holding and index. Helpful buttons are the ‘Flatten’ button if you just want to get out of the trade at any cost, and the ‘Auto-send’ button that will ensure you don’t have to review your trade before sending it. The quantity of your order should be entered before you place your order. You can click in the green or red columns, based on what price you want to buy or sell, and your order will be placed. The indicators and chart style on the left may vary, but this is the DOM he uses to enter and exit trades. You may also see a screen that looks like this when you’re using Active Trader in ThinkorSwim to trade stock or options. John trades futures with both Infinity Futures and ThinkorSwim. Both are BABA daily charts, but the chart on the left uses his Main TOS layout, and the chart on the right uses his Sector Spy layout, so that he can see both at the same time. ![]() Here is an example of the way John combines his charts. These are additions to the squeeze that John has added to gauge the power of the squeeze. The Sector Spy is meant to show how an index or stock compared to selected sectors to determine how the move is compared to the correlated sectors. The Launch Pad is meant to determine the strength of a squeeze. The credit sniper is meant to notify you when a move is ending. ![]() Sector Spy (shared_ST_CorrelationRibbon2).Here is a screen shot of John’s charts that include the: He likes to look at this chart when he is thinking about a reversion to the mean trade. The dashed green line is for 1 ATR, the dashed purple line is for 2 ATR, and the red dashed line is for 3 ATR. The solid white line is for the 21 EMA, which signifies the average. He looks at this chart to determine how far away a stock or an index is away from its average. Here is a screen shot of John’s 3 ATR (average true range) chart. He will also use a lack of squeezes and buy/sell signals to place premium selling plays during times of consolidation. He uses the Multi-time frame analysis to determine either when the trend is changing to time entries on reversals, or to stay on the right side of a trend when he’s already in the trade. The Ready, Aim, Fire assists in entries combined with the squeeze as well. He will use it to time his squeeze plays across multiple time frames, watching for price action close to the 21 EMA for a good entry. As you can see, it shows the monthly, daily, 195 min, and 78-minute time frames. He usually uses this chart for swing trades. Multi-time frame analysis (ST_MTFTrendV3).Color coded candlestick bars (Early in and Out).Here is a screen shot of John’s Charts showing the following indicators: The RSI is a momentum indicator developed by noted technical analyst Welles Wilder, that compares the magnitude of recent gains and losses over a specified time period to measure the speed and change of price movements of a security. The weekly chart shows the Bollinger Bands and Keltner channels. On this screen, he only has the 21 EMA on the daily chart. The Porsche dots help him stay on the right side of the squeeze. He uses this indicator to time directional entries. The squeeze is the base of most of what he does. It includes the Voodoo lines which he uses for important support and resistance, and occasionally price targets. Here is a screenshot of John’s Core Setup. Bollinger Bands and Keltner channels (foundation to the squeeze).In this case, it is the weekly, daily and 15-minute time frame. John views the same underlying across multiple time frames. The Multi-Time Frame Analysis Indicator + HOLB/LOHB Indicator.You can find more information about our indicators here. Custom Time Frames (39 min, 78 min, 195 min charts)Īdditionally, John uses the following indicators that aren’t included in the above link.The Exponential Moving Averages (8, 21, 34, 55, and 89). ![]() Here is the link: John Carter’s Trading Charts Layout You can search for each topic by name, or check out this link that will show you how to set up your charts based on John’s core indicators. You can see how to set these indicators up, and how to read them. We have detailed videos, manuals, and screenshots regarding each of these topics in our Knowledge Base. Each trader should decide what is most important to them to have on their own charts, and what works best for them. In no way is it meant to make you feel as though you need all of these indicators. This document is intended to assist traders to understand what John is looking at. While he is constantly innovating these indicators, his core setup remains the same. John uses a combination of indicators and market internals across his 6 monitors that he looks at daily.
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