The Market Explorer

The Trade Ideas Market Explorer is a new tool that enables us to build useful scans for our users outside of the software’s boundaries.

To access the Market Explorer, go to the Toolbar, open the New Tab and select Market Explorer (TIQ).

This will load the My Market Explorer Strategy Window.

To access the available scans right-click into the window and select Server Window. Then, select a scan from the dropdown.

8/20 Cross on Gappers

This ME scan is looking for a cross of the 8 EMA and 20 SMA on a 2 minute time-frame in stocks with abnormally strong volume. The plan behind this strategy is to enter a trade when the trend is just turning higher. This is one of the favorite intraday setups of our Trading Room Moderato and seasoned Pro Barrie.

RSI Divergence Long/Short

This ME scan monitors daily charts for RSI divergences. An RSI Divergence occurs, when the Relative Strength Index starts reversing before the price does. The stock makes a new high or low in terms of price, but the RSI value does not correspondingly increasing/decreasing. This could indicate that the buyers/sellers are potentially running out of steam. Simply put, an RSI divergent strategy is a revision to the mean strategy using the Relative Strength Index as the momentum indicator. Traders often combine this strategy with technical patterns to spot reversal points.

Michael Nauss of Trade Ideas discussing RSI Divergence on Trader TV:

Bull/Bear Flag

Bear and Bull Flags are classic technical patterns on the daily chart. This ME strategy is looking for stocks that made a recent move higher (Bull Flag) or lower (Bear Flag) and thereafter move sideways for a few days. This consolidation gives traders a well-defined area to enter in the direction of the trend as well as a well-defined support level.

TI Strength

TI Strength is a relative strength system that uses a series of indicators and technical patterns to detect and trade the strongest stocks in the market. Combine this backtested system with technical analysis to ensure that you are trading the market’s current strongest names.

Michael Nauss of Trade Ideas discussing our TI Strength Alerts Scan and Newsletter:

Gap Up/Gap Down Fill

This ME Strategy is looking for large gaps to be filled, meaning for the price to move back to the starting point of the gap. Gaps occur unexpectedly, they form on a chart, when the price of a stock moved sharply up or down, with little or no trading in between. These levels often act as support/resistance since funds that missed the move might get in. Due to the lack of immediate support/resistance, a stock that starts to fill the gap seldom stops. Gap-fill stocks are considered filled when their price retreats to the original pre-gap level.

Michael Nauss of Trade Ideas discussing Gap Fill Trading on Trader TV:

Three Line Strike (Short/Long)

The Three Line Strike ME Strategy is scanning the market for stocks that had 3 down days/up days in a row which are followed by an engulfing candle that erases all the previous selling/buying pressure in one fell swoop. The idea behind this scan is to find trapped sellers/buyers who could fuel the move.

Gap and Pullback (10 SMA)

Here's another scan focussing on Daily Gaps, but this time, we aren't looking for gap fills, we're looking for the 10 SMA to act as a support, and the stock to hold its gap. Price can catch up to an SMA in two ways: Either by pulling back, or by moving sideways. No matter how the catch-up happens, look for the 10 Day Moving Average to act as support and to provide a good entry level.

Breakdown Stabilization

This is a play from out very own CEO! The Breakdown Stabilization scan is looking for stocks that are selling off in the first 30 minutes after the open, but then start basing at the low of this range. This range often becomes well tradeable with clearly defined support levels to play off of.

2 Minute Opening Power Bar

We define a Bullish Opening Power Bar as a wide range bar that opens near the low of its range and closes near the high of its range. A Bearish Opening Power Bar, conversly, is defined as a wide range bar that opens near the high of its range and closes near the low of its range. Traders use these Opening Power Bars as confirmation that major buying or selling is coming into a stock on the open.

ABC Up & ABC Down

The ABC Up scan is looking for a 3 step intraday pattern:

Step 1: An initial push up

Step 2: A downward move that fails to make a new low of the day.

Step 3: The stock retracing back to highs.

The ABC Down scan is looking for a 3 step intraday pattern:

Step 1: An initial push down

Step 2: An upward move that fails to make a new high of the day.

Step 3: The stock retracing back to lows.

Strong Stock Pulling Back

This ME scan is looking for stocks that have been in uptrends on the daily chart, but are now pulling back sharply. This scan is very useful for trend-following pullback traders.

Inside Bar & Inside Day

These scans are looking for stocks where the current bar is trading within the previous bar. Inside Bars can be very useful for trend continuation setups since any inside bar represents a consolidation on a lower timeframe.

Closing Range Breakout

The ME Closing Range Breakout scan is another 3-step setup.

Step 1: Relatively narrow closing range (in the last 30 min of the trading day).

Step 2: Small gap down below the closing range

Step 3: Breakout above the closing range.