You can be 100% prepared for the next trading day with your watchlist ready to go and an hour or so into the market open your stocks are dead in the water. I've been there and it can get...boring.
This is a simple scan that uses three moving averages and the VWAP to look for bullish trends. It's up to you to wait for a pullback then make a decision from there. The sooner you can identify a trend and monitor the charts for an entry the more profitable things can be. Get on the train early!
Feel free to change the price range, float, and volume. Just note that depending on what time of day it is you should adjust the volume level. If it is an hour or so into the open you would like to have stocks put several hundred thousand shares traded already. Trending stocks have heavy and consistent volume. Stay away from low volume stocks because they are just not worth paying attention to.
Simple Bull Trend Scan Using TOS
Trade smart.
Palmer
This one is only about 13 minutes... ;)
What scanner do you use?
This is all done with ThinkOrSwim. Check my website for more videos.
Its really great to see you back. I use your scanning methods all the time and find them very useful! Thanks for taking the time to show everyone how its done.
@INTIMIDATOR really appreciate the comments...thanks.
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