How I scan for swing trade ideas | stockbee

9/20/2016

How I scan for swing trade ideas

I use Telechart Gold (with real time Data) for all my scans. In Telechart scans are called PCF (personal criteria formula). Easyscans is another Telechart terminology used for creating scans.

PCF stands for Personal Criteria Formula for Telechart Software. It is a formula that you write to add a new sort criterion to the program.. PCFs written in Telechart searches for various Patterns/conditions described by the formula(s)


pcf.png

4% breakout


This is a very simple 15 year old scan idea that  has made me few million dollar profit over the years. It is used daily.


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Bullish  

c/c1>=1.04 and v>v1 and v>=100000

If you want to reduce low priced candidates add a filter of c>3


Bearish

c/c1<=.96 and v>v1 and v>=100000

If you want to reduce low priced candidates add a filter of c>3


$ breakout

As my acount size has increased significantly over the years I rely more on this scan to find swing trade candidates.
dollar.png
This scan is good for high priced stocks. It helps you find both intraday setups and swing trade setups.

Bullish

c-o>=.90 and v>=100000
you can add a filter c1<c2 to reduce number of candidates but it can also eliminate sock with low range positive day so I do not use  that.

Bearish
o-c>=.90 and v>=100000
you can add a filter c1>c2 to reduce number of candidates but it can also eliminate sock with low range negative  day so I do not use  that.

Bullish and bearish combo

c-o>=.90 or o-c>=.90 and v>=100000

Bullish and bearish combo with price filter

c-o>=.90 or o-c>=.90 and v>=100000 and c>=30




Episodic Pivots (EP)

Episodic Pivots Strategy has been one of the most profitable strategy over the years and is used to find position trades. It gives very few good ideas in a year.

Episodic Pivots are major breakouts that can lead to multi month or multi year rallies. They are triggered by some news events. The scan only gives you candidates for further study. You can find more details about this strategy on this site in sidebars.

c/c1>1.04 and v>3*avgv50.1 and v>=300000


EP.png



These scans are used daily to find swing trade candidates during the day. For finding anticipation candidates I use a different set of scans after the market close.







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