VCP SCANNER

A THREAD ๐Ÿงต

Before hopping from scanner to scanner, We need to understand what we are looking for? What is our trading personality?

I personally use 3-4 Scanners regularly to find stocks of my interest. Let's go through them one by one
Scanner 1
This my go to scan, This scan shows the result of all the stocks trading above 20SMA, which have latest % close +- 3%.

Drawdown of this scan is It's result can go upto 1000-1200 stocks in a day. so It's not possible for a part time trader to run this daily.
Link for scanner 1:- https://t.co/93q110yDif
Scanner 2

(DISCLAIMER:- THIS IS NOT MADE BY ME, I'VE FOUND IT ONLINE SOMEWHERE PLS TAG THE OWNER FOR CREDIT IF YOU KNOW)

I don't use it daily, because Scanner 1 gives me all the result I need.

This scanner shows the highest ROC ( Rate of change )
Good for people who are aiming for 8-20% moves in a Week's timeframe. (Powerplay moves)

Link of Scanner 2:- https://t.co/ZQcthqw1T5
Scanner 3

Monthly Inside bar& Weekly Inside bar

Though I'm not big fan if IB scanners but still I use it for adding extra stocks in my weekend results.

I deeply respect IB structures but scanners just don't do justice if stock goes up/ down by even 1 Tick.
Scanner links:- MIB:- https://t.co/PlDpjVAJgX

WIB:- https://t.co/uIROL2oNgn
My advice if you're just starting to understand the market structure& how to Differentiate between good,bad and worse setups, start looking at NIFTY500 charts daily. I know it's tough, It'll take 1hour daily minimum in starting but as you'll get habitual,
It'll not take more than 20Mins.

Do the math. 500charts*20days a month*12 months
I.e 120000 charts in a year. This exercise will place yourself on a level which you can't even imagine.

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One of the most successful stock trader with special focus on cash stocks and who has a very creative mind to look out for opportunities in dark times

Covering one of the most unique set ups: Extended moves & Reversal plays

Time for a ๐Ÿงต to learn the above from @iManasArora

What qualifies for an extended move?

30-40% move in just 5-6 days is one example of extended move

How Manas used this info to book


Post that the plight of the


Example 2: Booking profits when the stock is extended from 10WMA

10WMA =


Another hack to identify extended move in a stock:

Too many green days!

Read
๐™Ž๐™๐™–๐™ง๐™ž๐™ฃ๐™œ ๐™ข๐™ฎ ๐™ฌ๐™ž๐™จ๐™™๐™ค๐™ข ๐‘พ๐’๐’'๐’• ๐’ƒ๐’† ๐’”๐’–๐’“๐’‘๐’“๐’Š๐’”๐’†๐’… ๐’Š๐’‡ ๐’•๐’๐’Ž๐’๐’“๐’“๐’๐’˜ ๐’– ๐’“๐’†๐’‚๐’… ๐’•๐’‰๐’† ๐’”๐’‚๐’Ž๐’† ๐’”๐’•๐’–๐’‡๐’‡ ๐’Š๐’ 50๐’Œ ๐’˜๐’๐’“๐’Œ๐’”๐’‰๐’๐’‘ ๐’๐’“ ๐’”๐’๐’Ž๐’†๐’๐’๐’† ๐’Ž๐’‚๐’๐’‚๐’ˆ๐’Š๐’๐’ˆ ๐’š๐’๐’–๐’“ ๐’Ž๐’๐’๐’†๐’š ๐’˜๐’Š๐’•๐’‰ ๐’”๐’‚๐’Ž๐’† ๐’๐’๐’ˆ๐’Š๐’„
Simple and effective way 2 make Money


Idea 1:- Use pivot level like 14800 in case of nifty and sell 14800straddle monthly expiry (365+335) exit if nifty closes on daily basis below S1 or above R1

After closing below S1 if it closes above S1 next day or any day enter the same position again vice versa for R1

Idea2:- Use R1 and S1 corresponding strikes multiple
Incase of R1 15337 take 15300ce
N in case of S1 14221 use 14200pe
Sell both and hold till expiry or exit if nifty closes below S1 or above R1 around closing
If the same bounces above S1 and falls below R1 re-enfer same strikes

Use same criteria for nifty, usdinr and banknifty

(This is must)Use this margin rule for 1lot banknifty pair keep 4Lax margin
For nifty one lot keep 3Lax
For usdinr 100lots keep 4Lax

I bet you if you do this on consistent basis your ROI will be more than 70% on yearly basis.

Couldn't explain easier than this

Criticisms are most welcomed.