How To Scan Stocks For Swing Trading

stock charts

Investopedia does not include all offers available in the marketplace. Each weekend I update my “Market Health Outlook” which looks at the state of the market and whether I’m buying or not. If you add updated watchlists regularly, then delete the outdated ones when you add a new one. Click the X next to the title of a watchlist to remove it.


Since we are trading the SPY we are in fact trading the market so we can skip this step. Remember to include the Relative Strength when trading stocks. If a stock is trading on low volume, then there aren’t many traders involved in the stock and it would be more difficult to find a trader to buy from or sell to. If a stock is trading on high volume, then there are many traders involved in the stock and it would be easier to find a trader to buy from or sell to. Regardless if it is a high volume day or a low volume day there is still a buyer for every seller.

Hopefully, these scans have been helpful and give you some ideas to think about and experiment with further on your own. The above filters are included in all future scans that we review. The following criteria are simply personal trading preferences of mine, so feel free to ignore or modify these conditions as you please. Now that we have our universe of stocks defined, let’s filter it down a bit more. I’ve recorded a supplementary video below, covering more of the setup process in TC2000 if you are interested in duplicating these same scans in your own environment.


First, the time frames for holding a trade are different. Day traders are in and out of trades within minutes or hours. Sideways action that resists giving up much ground is preferred.

Use a Screener!

Keep an eye on the economic calendar, which can help you determine the health of a nation’s economy, and potential trading opportunities or risks in the future. Start swing trading to potentially profit from your trading edge. Here’s how you can scan for the best undervalued stocks every day with Scanz.

  • Tracking the turning points of HMA is a simple way to follow market waves.
  • Increase the size of your stop loss so you can withstand the “noise” of the markets and watch the market move in your favour.
  • You can choose many timeframes from – 1 minute, 5 minutes, 10 minutes, 15 minutes, EOD, Weekly, Monthly, and Yearly.
  • If you’re long, you’ll want to take profit at areas where selling pressure could come in (like swing high, Resistance, and etc.).
  • There are many different ways that a trader can find stocks to swing trade.

Twitter recommends them on your current lists/interests. If you want to though, you can easily make a copy of “Jake’s volume shelf scan” and do what ever you like with it. You can even click it and it’ll take you directly to the screener, and you can add to it if you want more criteria. Rayner Teo is an independent trader, ex-prop trader, and founder of TradingwithRayner. I got introduced very late to your wonderful platform.

Swing Trading CFDs or Stocks?

As we mentioned earlier, a very unique tool thatTrendSpiderhas is ​​Raindrop Charts, which can give you a great edge with your trading. ​Also, we filtered it to show stocks that are up on the day, and have at least 150,000 in trading volume. We use this scanner at least once a week when we’re in the process of writing our weekly watch lists.


This could be a good candidate for a swing trade higher. Are you interested in swing trading but need guidance and mentorship? If you are, Simpler Trading has you covered, with Danielle Shay’s program called the Stacked Profits Mastery. Sign up today and trade with Danielle on a monthly bases, get real-time trade alerts, get her weekly watchlist, and follow along with what she has traded in the past.

Our scanner is one of the most versatile scanners that can be customized to fit your trading strategy and discipline. For instance, it can help find the most up-to-date squeeze and identify high or low-volume stocks. So, if you are in the market for a premium scanner that caters to your style, the Simpler Trading Scanner is one to consider. Small Account Mastery Program; mentors traders three times a month who trades with John Carter himself.

Scan #3: New High in the Eye

Have a notebook handy next to your computer to jot down ideas about the upcoming week. When you are trading you will forget about your weekend research! See how we are NOT predicting what is going to happen in the future. Instead, we are reacting to whatever the chart tells us to do.

The of the scan results is a top for intra-day scanners, where seconds and minutes can make the difference between ripe or lost opportunity. End-of-day scanners that generate results after the market close are useful for generating ideas to trade the next day and for swing traders. Downloadable desktop-based scanning software can produce quicker results but can greatly drain your computer’s resources and slow down other functions.


Its purpose is to give traders a feel for the current market. This Sector Top List contains no exclusionary filters, it simply ranks the ETFs by Change from Close % with biggest on top. Daily evaluated, curated list of promising swing stocks racing against each other in 30 minute intervals based on their real-time moves. This layout can also be found in our Trader’s Eye Channel. It focusses on a curated list of promising swing stocks that are expected to move higher .

It identifies the underlying to keep you on the right side of the market. They see a stock advancing in price and are afraid that they will miss out on the move, so they pile in – just when the pros are getting ready to sell. Ok, you probably already knew all that but here is something that most traders do not know. To consistently make money in the stock market, you only want trade stock trends! But what are the characteristics that make up a trend?

It would require a strict definition of what a sideways channel is. What is the minimum/maximum length of an acceptable channel? How many peaks or how much supply would need to be traded near the highs/lows to form “resistance” and “support”? As you get comfortable scanning regularly, the number of stocks returned will serve as important market information.

Swing Trading with the Breakouts Module

It will not add any thing to your knowledge in the long run. That’s it for now with the second article about my Stock trading, more to follow. At first sight, I can see a downsloping channel which we just got rejected from, we are definitely going counter-trend here. Not my favorite setup, but good enough for me to take an even closer look.

There is a very high degree of financial risk and loss involved in trading securities. Presenter assumes no responsibility or liability of any kind for your trading and investment results. It should not be assumed that any trades or investments described or discussed in this course were, are, or will be profitable. MACD is another powerful technical indicator many traders utilize in their trading strategies. When the MACD line and the signal line crosses, it generates a bullish MACD crossover signal for technical analysts. The first two rules look for stocks that have been trending strongly over a period of four weeks, with the trend increasing over the past two weeks.

After a big price and volume spike, quite often a stock will consolidate sideways to slightly lower for several days or weeks on volume that eases along the way. This type of action is healthy and reveals that strong hands are involved and they are refusing to give up their shares despite the recent price gains. The preference is to see this consolidating action have a slight downward bias in price as volume decreases… much in the same way that a handle finishes off a cup pattern. There are times when the stock market can be frustrating and trading can be an emotional rollercoaster. But we can help you to succeed, no matter the market conditions! Our brand-new, unique tool is especially suited to the current market and will get you into the best trades every day, by detecting Relative Strength.