Screeners helps trader in saving lot of time in filtering best stocks out of 5000+ stocks listed and thus save a lot of time.
Here is the list of top 9 Free Price Action based screeners that will help traders in their analysis 🧵:
⚡ MANY OF YOU KNOW THE VCP CONCEPT.
⚡ I AM GONNA SHARE A VCP SCANNER WHICH WILL HELP YOU IN YOUR SCANNING PROCESS.
⚡ALSO LIKE EVERY WEEKEND
I AM GONNA SHARE A LIST OF GOOD & STRONG STOCKS
⚡ DO RE-TWEET & LIKE THIS TWEET
YOU'LL GET STOCK LIST AND SCANNER LINK IN DM 😇👍
The best trade u can ever get is to catch long right at reversal point in pullback with zero SL and makes 2X return in no time.
If u admit that's practically impossible, then next best option is to go long after reversal confirmation with SL inside 1% of cap with >2R expectancy
Screeners
Sharing some screeners which I use frequently
Save this post for future reference as well
But before proceeding, can you retweet so that it can help someone else too
technical screeners - intraday and positional both
I bring complete objectivity into my discretionary trading with 5 parameters
Location of price
Price action at the location
Trend Alignment across TFs
Tradable patterns
Buy signal with defined RR
I hav sent 2 articles describing these details to many followers in last 2 days
These are the Twitter Threads I Wrote in Last One Year.
Titles are Given in the Images; 31 of them.
I Made it Available as a Single File Containing All the links in One Place.
Those Who Want it
"Like", "Comment" & "Retweet"
& Send the Images to
[email protected]
How to Ask a Good Doubt in Social Media?
Part 1: Appreciate
If u are asking a doubt in reply to a tweet, appreciate the tweet first. Or if u are making a new tweet altogether, appreciate the person for his skills and knowledge.
1/6
#FreeTip If a stock is rangebound for a large part of the time, say 5 years plus and if it breaks out of this range, the chances of the stock scaling multi fold is very high provided u have patience and are not influenced by smaller time frame volatility.
On occasion of GANESH CHATURTHI,
M going to start new chapter of life as full time trader/mentor... Now dentistry will be part time profession.. may lord GANESH bless me with sucess...🙏🙏🙏🙏🙏
MY ABSOLUTE FAVORITE STOCK FILTER: >70% distance from 52 week low
Almost all stocks which are 70% above their 52 week low are in strong uptrends and show outstanding momentum.
You can use this criteria in the free version of FinViz.
#FreeTip If u r not used to any other adv strategies, just try this simple technique;
1) Mark PDL,PDH,PWH,PWL,PMH, PML.
2) Trade only at these levels based on price action. Either price will reverse at these levels or break.
3) Don’t trade at any other zone.
Some Interesting statistics when NF is making ATH.
Looking at stocks which has the 52-week high in the last 3 months and their current vale compared to 52 weeks High
Down by more than 30% 81
Down 20% To less than 30%98
Down 15% To less than 20%112
1/2
#Freetip
A simple strategy to capture Multibaggers.
1) WklyChart
2) 30 wk MA and 10 Wk MA
3) 10 ma at 45 degree steep.
4) Get ready for long -10 ma crosses 30 ma.
5) Go long on a pullback at 10 MA. 6)Add on pullback at 10 MA.
7) Exit if complete candle closes below 10ma
#Learning#Vix
Few wks back tweeted how to calc the next day's range with VIX.
A small stat:
Jan 1 to June 17 2021
Vix based range respected next day 71%
Vix based range -/+50 .. 84%
Vix based range -/+100 .. 91%
Vix based range -/+200 .. 97%
Vix based range -/+470 .. 100%
#TradingTool
A free market breadth tool that I have left open to public.
1) % stocks above 20 day / 50 day / 200 day MA for Nifty 50 and 500 index and all Cash stocks.
2) % stocks above 20 period / 50/200 period MA intraday for N50 and N500.
......
https://t.co/OUuljsofwD