>>>NEW $25K PROJECT!<<<
SAVE THE DATE: 1 P.M. ET ON MONDAY, APRIL 29!
The “inside day pattern” is one of my favorite chart patterns that every trader needs to see.
This pattern involves looking for a stock that has made a 50-day high and then seeing two subsequent days where highs are lower and lows are higher, indicating that the days are inside each other.
Inside days show a narrowing of the range and lower volatility levels, making it a good sign of relative strength and potential breakouts.
Trading inside days allows for low-risk entries and the ability to ride the trend momentum.
Interested traders can request the stock fetcher code for scanning inside days by emailing support@marketgeeks.com.
Highlights
- The inside day pattern occurs when a stock’s highs get lower and lows get higher after making a 50-day high.
- This pattern resembles a mini triangle and signifies price congestion and consolidation.
- Inside days lower volatility levels, reducing risk and making it an effective strategy for buying breakouts in the direction of the trend.
- Stop orders can be used to enter and exit trades, maintaining low risk while riding uptrend momentum.
- Inside days are currently observed in stocks like Alibaba, Twitter, and the semiconductor index (SMH). The VXX and UVXY are potential options for short positions.
StockFetcher Code
This is the code for StockFetcher that I discuss in this video:
high 3 days ago reached a new 50 day high
and high 1 day ago below high 2 days ago
and low 1 day ago above low 2 days ago
and high below high 1 days ago
and low above low 1 days ago
and chart-type is ohlc
show stocks where Average Volume(90) is above 300000
Price is between $20 and $1000
Roger Scott
Roger Scott Trading
P.S. Who’s Ready for Lance’s Brand-NEW $25K Trading Challenge?!
Lance Ippolito is doing an account growth challenge…
Essentially, the goal is to take a brand-new $25,000 trading account to some pretty extreme heights over the next year.
But we heard through the grapevine that some folks are already rooting against him…
And that’s fine — Lance LOVES having haters!
This isn’t the first time Lance has attempted something like this…
In fact, he’s done it multiple times over the course of his career. Not a lot of people know this, but before he started working at The TradingPub, he had to show the publisher he knew what he was doing…
So, he showed everyone how he took a tiny $1,400 dollar account to more than $7,100 in just about 70 days…
Obviously, that was all the way back in 2019… Since then, he’s grown a lot as a trader.
And next week kicks off his next attempt to take an account to new heights….
The only difference between this and the previous attempts is that he’s inviting everyone to tag along, starting at 1 p.m. ET on Monday, April 29.
So If you’d like to see what this $25,000 strategy is all about…
He Can’t Wait to Share It With You!
The profits and performance shown are not typical for the expressed time frame. This data includes posted trade alerts from Shadow Trader, Wiretap, Alpha Sweeps, and Quick Flips from 2/1/20 to 4/29/24. At the time data was taken all alerts services showed win rates above 70% with the highest average return of 14% with an average hold time of 7 days.
