How to use the $ Breakout scan to make lots of dollars
How to use a simple Telechart scan to find 3 to 20 dollars moves for intraday trades or swing trades.
c-o>=.90 or o-c>=.90 and v>=100000
Where
c closing price today
o open price today
v volume today
Column used for sorting c-o
Works best on high priced stocks.
Once you understand how to use it , you can find 3 to 20 dollar moves in a day or week.
If you are serious about making money swing trading you can use simple scans to find low risk trades.
3 comments:
How I convert this dollars breakout to Indian rupees market please help
I do not trade Indian market
at what price, you think the $ breakout starts working? reason I am asking is you state it works better for high priced stocks ?
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