RE: US Stocks - Watchlist and Discussion
(2018-08-23, 06:14 AM)tomyoung Wrote: That's very cool. I've read Mark's book but I never thought to use VCP or cup and handle pattern for stage 2 entry. It does make a lot sense consider the range is tighter with lower risk. I imagine you'll have to manual scan for these pattern? or is there a way to locate these pattern easier?
If you look closely at the ideal trader entry point chart from the book, or page 1 of this thread. You'll see that it is a VCP pattern basically.
There's not many shortcuts in finding the patterns we look for, I scan for strong relative daily volume and a rising short term MA etc, and then manually go through the results from there, as your eyes are best at finding them. So just give myself a few hundred results to start with instead of 5000+ in the US markets.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.