How much time to do you spend every day looking for a trade setup? If you have a good system, and you know your setups well, do you spend a long time looking through a dozen stocks or currency pairs, checking to see if your setup is there in each one?
I'm getting more and more excited about the idea of scanning. With scanning, you only need to program in your setup criteria, which financial instruments to scan, and let the scanner tell you which stocks, futures or currency pairs look like they're getting ready for your set up.
The trick is, of course, to write the scanner, but that's what we're here for, right? A scanner is a lot like writing an indicator for a trading platform, but instead of drawing it on the screen for one chart, the scanner checks multiple charts, and just...Read More