Every technical trader has his own specific approach to
scanning chart patterns and locating potential buy setups.
Not exact matches
Scanning for reliable
chart patterns is obviously one of the most important factors that determines which stocks and ETFs we buy in the model portfolio of The Wagner Daily newsletter.
Over the past few days, we have spent quite a few hours
scanning the technical
chart patterns of hundreds of ETFs, looking for any ideal opportunities for the coming days.
In addition to
scanning hundreds of daily ETF
chart patterns every night, we also use percentage change
charts to compare the performance of numerous industry sectors with the benchmark S&P 500 and / or Nasdaq Composite indices.
Although not many of the trade setups we detail in our stock picking report are from the IPO
scan, we always look forward to trading those stocks that eventually appear in the IPO
scan because we have learned over the years that a combination of an IPO with a bullish
chart pattern leads to nice breakouts with a high level of reliability.
As a bonus, we then run the
scan and highlight the current
chart patterns of six stocks setting up for breakout in the coming days: $ BUFF, $ CORT, $ CSC, $ EXAR, $ WATT, and $ XTLY.
If you're an active stock trader who is continually lacking the necessary time to do proper stock
scanning and technical research every night, one of the fastest ways to find the strongest stocks in the market, at any given time, is to simply look at
chart patterns of stocks with the highest Relative Strength (RS)-LSB-...]
The SaxoTraderGO platform offers traders and investors access to over 100 forex pairs while our automated Trade Signals technology continually
scans for potential forex trade opportunities based on
chart patterns and success probability.
It indeed looks like an interesting financial app with the candlestick
chart pattern stock
scanning.
As always, we will keep subscribers updated if any action is taken on $ EEM, or any other ETF with a buyable
chart pattern that crosses our radar screen while doing our extensive nightly stock
scanning.
A relatively new area is to look at the developing nervous system by
scanning infants, children, and adults at rest, to
chart changes in activity
patterns as the brain matures.
With this feature, you can customize automated
scans for
chart patterns as well as use the quality gauges to assess trading opportunities and risk.
Access continuous intraday market
scanning, automatic
chart pattern recognition,
pattern quality indicators, automated alerts for specified
patterns, and the ability to execute trades directly inside MT4.