The first one I use is the SSTT indictor. It has the channels, and short term and longer term moving averages that I mentioned in an earlier blog. It also draws a blue line on the chart to indicate the entry price, a red line for the stop price and a green line for the target price. Another key feature is it tells you if there is a SSTT system trade. If there is a trade it tells you how many shares to purchase, entry price, stop price, target price, risk reward ratio and how much to risk on the trade. See this example of Taser International, Inc. (TASR) on May 16, 2016 below.
I run a scanner that scans hundreds of symbols every day. Each trading day there are more potential setups than I can trade. One of the tools I use in my selection process is the Simpler Trading Squeeze. If the Squeeze is on or has recently fired in the same direction as my trade, it increases the probability of the trade going the direction I want. Now let’s take a look at the same chart of TASR with the Squeeze indicator added and advanced to May 17, 2016.
The SSTT trade triggered long on May 17, 2016 and the squeeze fired long a couple of days before, with the momentum increasing daily. If you advance your chart to May 25, 2016 you will see we hit our target price of 22.06.
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