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Trade with the Trend

Name: Trade with the Trend
Rating: 4.7 (43 reviews)

Simple Strategies to Find Winning Trading Setups in Trending Stocks

Created byCastAway Trader

Last updated 12/2021

English

English [Auto],

What you'll learn

Apply rules of three checklists to find buyable pullbacks in strong trending stocks
Build three custom scanners to find winning trading setups
Turn results of scanning into watchlists and find buy triggers among pre-selected stocks
Learn most common corrective patterns: wedges, flags and pennants
How to read my favorite candlestick patterns to improve trading results
Use RSI indicator to confirm strength of a trend and check if a pullback can be considered a buying opportunity
Use my proprietary TradingView indicator to check trading setups found by the Stockcharts scanner

Course content

10 sections • 63 lectures • 5h 48m total length

Disclaimer3:28
Introduction8:15
Identify uptrends and the right time to buy stocks, avoid trying to catch the bottom, and follow the trend to join winning teams and beat the market.
What drives price lower in a bear market11:12
Traders drive prices in a bear market with collective emotions, not fundamentals, as prices make lower lows and lower highs through a cycle of anxiety, denial, and capitulation.
Do not try to catch bottoms15:21
How bear markets end3:39
Bear markets end in a capitulation phase where long declines trigger a final rapid drop as exhausted sellers exit; later, buyers re-enter and the market shifts to a bull.

Accumulation Phase: How a Young Bull Market Makes The First Step2:38
The accumulation phase marks the start of a young bull market, driven by contrarians and reversal hunters who buy as sellers exhaust.
How "Theory of Innovations" explains different phases of any bull market5:40
Explore how the diffusion of innovations shapes bull market phases, highlighting innovators, early adopters, and contrarians, and show how 2.5% of traders drive accumulation.
Opinion Makers start to promote a new bull market4:57
Acceleration Phase driven by Momentum Traders4:31

What is a trending move and how to detect it9:30
What is a simple way to anticipate at what level pullback may find support11:48
How to build a demand channel, a safety net for deeper pullback6:35
Learn to build a demand channel as a safety net by combining the upward slope of the 50-day moving average with the 89 exponential moving average to catch deeper pullbacks.
How to use RSI to confirm strength of a trend and avoid buying strong declines13:00
Use RSI to confirm trend strength, buy pullbacks after a 60‑day high and RSI over 68, while pullbacks test the 50‑day moving average and 89‑EMA demand channel and 40 support.
Introduction of the custom indicator CAT Trend with the Trend6:23
Identify entry opportunities in uptrends using the CAT Trend indicator, RSI and Cap RSI signals, and the green demand channel to pullbacks that hold support.
Making the strategy better: changing inputs for the demand channel4:39
Explore how the demand channel and green dots indicate trend strength and entry points, and learn a simple tweak from a 50-day to a 58-day moving average to improve signals.
Description of the most well known corrective patterns8:51
Adding shape of a pullback to the checklist with conditions for a long setup3:18
Why a-b-c structure of a corrective pullback means1:31
A-B-C zig-zags is a natural rhythm of the stock market13:42

Introduction to Candlestick Analysis5:52
Construction of a green candle2:45
A green candle shows the day’s range from low to high, with a body that reflects the open-to-close rise and upper and lower tails signaling intraday bulls and bears.
Construction of a red candle2:31
A Long lower tail is a sign of an intraday bullish reversal3:50
Learn how a long lower tail on a candlestick signals an intraday bullish reversal, showing how bulls reclaim the day despite late selling pressure.

Entry 1. Doji candles at support4:15
Go long on Bullish Engulfing signal7:16
When the first entry fails to work out: ABT7:09
Explore how to manage a failed first entry in a trend trade using RSA confirmations, bullish reversal patterns like bullish engulfing, and protective stop placement within a rising demand channel.
When Price Spends too much time inside a wedge and draws two a-b-c zig-zags6:17
Discover how price lingers in a bullish wedge, forms two a-b-c zig-zags within a green diamond demand channel and a red trendline resistance, with RSI above 40 signaling an uptrend.
Powerful Combination of Multiple Buy Signals: ABT4:47

How to create an account with stockcharts.com8:24
How to create watch lists and copy stocks from one list to another one2:25
Create and organize watch lists to track trends and internals, copy stocks between lists, and view lists as 10 per page for quick scanning.
How to customize style of charts. Part 14:14
Learn to customize stock charts by adjusting gridlines, color moving averages, save default styles, and create layouts to view S&P 500 and Nasdaq across different data ranges.
How customize style of charts. Part 25:12
Let's create and run our first test scan3:28
Code 2. Adding condition to find up trending stocks0:43
Add a condition to filter stocks that are trading up, using the 50-day simple moving average with a positive slope to trigger a green channel, reducing candidates to 732.
Code 3. Check if price recently made a new higher high0:52
Code 4. Use RSI to check strength of the trend0:31
Use RSI to assess trend strength by requiring the maximum RSI of the last 20 bars to be at least 68, then run the scan to yield 391 results.
Code 5. Test if a stock has tested support of 50 MA4:17
Learn to identify stocks that tested support at the 50 day moving average by combining higher highs, RSI signals, and a fast scan of charts, with saved, styled results.
Learning to scan: finding stocks that held support on a pullback3:46
Let's focus on the strongest best performing stocks6:25
$ZS Introduction of a buy signal produced by MACD indicator7:41
$SE: waiting for buy triggers would cots us 1% of price but save from down move3:05
Observe how a doji at the 50 day moving average with an 8 ema crossover, plus protective stops and a mogaji indicator, signals a trend rally.
$CERE: How both triggers would tell us when to go long2:42
Learn to identify reliable long-entry triggers using the dodgy buy signal, 50-day moving average interactions, and EMA or MACD crossovers, with entry only after price tests the demand channel.
$RGEN: Broke under the Demand Channel before triggering the buy signal3:58
$KYMR: We should filter out stocks that didn't recently make a new 52 week high2:53
$SEMR: stocks with short history of trading should be avoided3:16
When decline pushes RSI under support at 38 level1:50
$WK: Buy Triggers help get a better entry and avoid a painful drawdown1:55

Introduction of a new scan "Marathoners"9:36
Create a secondary scan to find stocks that meet criteria of the Buy Trigger4:02
Create a secondary scan for the buy trigger on marathoners, using daily close over 8 EMA or MACD histogram crossover, with yesterday’s values for confirmation.
How to Create a New Layout to quickly review attractive buy setups4:17
A new scan we called the ***Buy Trigger*** lets us focus on immediate actionable buy setups.
We apply that scan only to pre-selected watchlist that are comprised of strong stocks that were selected by scans ***Champions*** and ***Marathoners***.
This is why all that matters to us is location of price in comparison to two short term moving averages, 8 EMA and 21 EMA on a daily timeframe.
We need to create a special layout that would make it easier for us to evaluate potential buy setups at one glance.
Review of buy setups found buy the ***Buy Trigger*** scan5:10
Review buy setups from the buy trigger scan as stocks close above the 8 ema, with RSI supporting uptrends and protective stops guiding risk management.
Saving stocks to a monthly watch list13:45
1. Review of stocks returned by the Marathoners scan on oct 18, 2021.
2. Selection of attractive stock setups that may trigger a buy signal in November 2021.
3. Creating a new watch list *** November 2021 *** to save attractive stock setups in upcoming weeks.
From the "Champions" to the "Marathoners"8:14
In that lesson we review the whole though process that brought us from the initial checklist to the checklist of the scan "Champions" and then to the check list of the scan "Marathoners".
We conclude that we should always check every setup for conditions of those two main checklists.
The best winning setups have to meet requirements of both scans, the Champions and the Marathoners.
EMA21 - strong support for trending stocks11:44
Examine why breakout trades can fail and learn to ride strong trends using the 8 and 21 ema lines, daily closes, abc pullbacks, and protective stops.
Let's create the third scanner "Sprinters"4:31
Create the sprinters scanner to spot uptrending stocks pulling back to the 21 IMI within the green demand channel formed by the 50 sma and 89 ema, with RSI thresholds.
New Scanner "95' Leaders"2:34
One of the benefits of working with a scanner at stockcharts.com is that it allows us to filter stocks using relative strength. Many traders know that IBD.com calculates relative strength for stocks and that is probably the most important criteria for their famous IBD 50 stock list.
The StockCharts Technical Rank (SCTR) is a numerical score that ranks a stock within a group of stocks. Stocks are assigned a score based on six key indicators covering different timeframes. These indicators scores are then sorted and assigned a technical rank. By using SCTR in your custom scanner you can quickly identify the technical leaders within a specific group.

How to find a volume accumulation pattern3:51
In the video I explain how to use my "CAT Volume Accumulation" Indicator for TradingView to find volume accumulation patterns.
You can find that indicator here:
https://www.tradingview.com/script/LWdXEMxd-CAT-Volume-Accumulation/
This indicator colors volume bars depending on change in price and volume . It helps traders to identify volume accumulation patterns.
The main interest for us is clusters of the blue bars and large green bars.
The blue volume bars are up days with unusually high trading volume .
Green bars are up days with normal trading volume .
Red bars are down days with elevated trading volume . It is not advisable to buy a stock on a day like that.
It makes sense to wait until a red down down is followed by a gray day, when price stop making lower low and trading volume dries down. That is a signal that bears lost momentum.
If we see a cluster of several blue bars that tells us there are institutional buyers building a position out there.
If we get a pullback that follows that volume accumulation pattern represented by several blue and large green bars that increases our chances for continuation of the move higher after a pullback.
PEG setup, the best way to trade quarterly and annual earnings releases9:13
How to use Finviz.com to find stocks that have recently reported earnings4:05

Requirements

No programming skills is required. You will get copy-paste codes to use at Stockcharts platform
I will share with you a proprietary TradingView indicator that will check all the rules for you
For best results you will need a trial subscription to Stockcharts and TradingView

Description

I’m very excited to share with you the best trading setups I personally learned over my 20+ years career of trading stocks.

My goal in this course is to convince you to focus on trading strong trending stocks.

You will learn how to benefit from an established bullish momentum pushing stock prices to new highs.

I will introduce you to the most common technical indicators like Moving Average or Relative Strength Index and explain how we can build proprietary trading strategies out of those commonly available tools. We will review the most common corrective patterns: wedges, flags and pennants and we will make them part of our strategies. I will explain how to read my favorite candlestick patterns to improve trading results.

I will share with you my proprietary codes for scanning stocks and my proprietary indicator for TradingView trading platform.

I will share with you actionable checklists that should help you to become a disciplined rule-based trader. We will review numerous stock charts to see how those three strategies worked out in the recent past.

You do not need any prior experience in trading or coding to benefit from this course.

What You will learn:

- Apply rules of three checklists to find buyable pullbacks in strong trending stocks.

- Build three custom scanners to find winning trading setups.

- Turn results of scanning into watchlists and find buy triggers among pre-selected stocks.

Who this course is for:

beginning traders who look for a high probability winning trading strategy
experienced traders who would like to improve results and learn how to use rules to become more disciplined in
professional traders who would like to automate process of finding new trading setups
stocks analysts and programmers who would like to learn how to code custom stocks scanners
traders who would like to learn how how to turn trading into a full time business

Trade with the Trend

What you'll learn

Explore related topics

Course content

Introduction5 lectures • 42min

Everything You Need to Know About Bull Markets4 lectures • 18min

How we can detect trending moves and catch pullbacks10 lectures • 1hr 19min

Introduction to Candlestick Analysis4 lectures • 15min

When we go long5 lectures • 30min

How to set a sell target3 lectures • 9min

How to use Stockcharts.com to find trading setups19 lectures • 1hr 8min

How to run multiple scans and keep updating several portfolios9 lectures • 1hr 4min

Volume accumulation patterns and "PEG" setup3 lectures • 17min

Breadth Indicators: How to Check Market Conditions1 lecture • 8min

Requirements

Description

Who this course is for: