| Swing
Trading:
(idea of Sputnick55) Here is an
example of a scan I use to find my 3-day wonders; (the 3-day pause before
they run). Average
>15 RSV
(set for >85)
("Rank") 52week high 89-max (Technicals-Price as Percent of 52 Week High-H "Value") 5/10/6
(the scan to find the pauses) Do some basic charting and watch your volume on them and you have a nice short-term list. The trick is you need simple real-time monitoring on how I play this bad boy (you could put a limit order in I guess but I don't do that) The best stocks to look for are stocks that broke out after a bit of a base, this should catch the slight pause. I use a MACD histogram on these. The MORE positive the histogram is (the stochastic does not usually dip down to much, maybe to 60 range never to 20) and the MACD histogram is positive. It indicates a great short-term stock. You do not get a stock every day that meets all my criteria, but I get a few a weeks usually. The scan produces 50-80 stocks a night. It's a short-term pause and momentum scan (you will notice the stocks are not dropping, they look flat so it's a go/no go thing). I like it. A good example of what I look for is PTEL about September 14th. This is a GREAT example but not typical of the final results. A trick is the 12/26 MACD histogram. I keep a list of 10 or so stocks that are poised to break out just wait for a nice break above the most recent high (on a good volume) and we are off to the races. Also one thing I would like you all to try for 2 months is run this scan every day (you can omit the 5/10/6 part or not) and save the stocks to a watch list every day. The ones that don't run will be a great stock in 2-3 weeks. They die off (low volume) and then come back (high volume). Set your favorite indicators to try to pick them up. I think you will be amazed at what you will see in a few weeks. Keep me posted of your progress. You need at least 3 weeks to see. EasyScan: |
![]() |
Example: |
![]() |
Example: (Found with EasyScan) |
![]() |
Example: (Found with EasySacan) |
![]() |
| Books on Swing Trading |