Monday, April 4, 2016

Watchlist Scan Procedure

1. Widget:  BBC 2.0

2. HLP:  Current Candle at / near support > 0.70

3. Wave Volume: suggests bullish pop off support level

added 4/7

- widget - candle showing buying...usually needed an upday...but a reversal candle is also good such as a close way higher than it's low

updated 5/17/16
A) if super high volume on prior downwave but no new low, means selling climax and good time to buy, despite even no support there
B) check with PMAATR to see if a strong day....seems more important than HLP as HLP may miss the doji days even if they gave a big gain such as a gap up...
- PMAATR > 1 means it was quite bullish...out of the ordinary bullish so start the scan there ..and then > 0.7 is okay too

No comments:

Post a Comment