Thursday, July 30, 2015

Setting up a Pre Filter Exploration

A question that I get from some of my new business partners is how can I build a list of stocks that are between $5 and $50 and have a volume of at least a certain number.  The idea is to build a list you can scan against regularly and weed out the securities that you wouldn't be interested in.

Putting together an exploration like this is really easy, and my goal here is to show you how to do it.  

You'll want to start in the Explore tab of the Power console.  On the Explorations tab, you will want to right click and choose "New Exploration."  

This will open up a dialog box that will allow you to create your Exploration.  

The real fields you need to worry about are Name, notes and Filter.  In this case, I've named this as Jeffs Prefilter Exploration.  I expect you to name it whatever you want to.  

I do recommend adding some items in the Notes field as this will make it much easier for you to remember the purpose of your Exploration down the road. 

For the filter column we will look for the close of the security to be above 5 and less than 50 and for the volume to be greater than 250,000.  Of course you can easily change these values to fit your actual trading style.  

The code you'll use is very simple.  You will click on the Filter Tab and choose 

Close > 5 and Close <50 and Volume > 250,000

Once you are done, everything should look similar to your the screen above.  Simply click OK and you are ready to run your new Exploration against the list of your choice.  

I would recommend saving your list when you are done with the exploration.  This way you can just choose to scan the new list with the explorations you normally use.  

If you run into any issues with this, feel free to reach out to our help team.  I get great feedback on our support and you can reach them at

Happy Trading

Jeffrey Gibby
Head of Business Development

About the author:  

Jeffrey Gibby has been working for MetaStock for over seventeen years. He is currently in charge of global business development and works to create new MetaStock distributors and partners worldwide.
Mr. Gibby works with training companies to help people learn the power of MetaStock. He has spoken to traders from around the world and has trained people on how to use the software and trade various markets. Among his areas of responsibilities are the management of new products and services for MetaStock and creating strategic partnerships.

Monday, July 27, 2015

072715 MSWeekly - Options Trading Opportunities Increase

Options Trading Opportunities Increase
Use Stock Chart Analysis for Options
Options Trading has suddenly become far more popular with professionals and smaller funds learning to trade options. This means Options trading opportunities increase for retail traders who will find more trading volume and trading opportunities than have been around in nearly 10 years. It is the Renaissance of Options Trading, and what the professionals want now more than anything is Stock Chart Analysis Training for Options.
C:\Users\Adrienne\Desktop\TechniTrader MSWeekly - Options creative image.png
The professionals realize that the secret to successful options trading has more to do with selecting the right stock to trade than choosing what option strategy to use. The professionals are learning Technical Analysis for the stocks they are considering using in their options trading.
One of the many areas the professional option trader needs to learn is how to interpret the new technical patterns that have emerged over the past few years. These patterns are due to the massive Financial Market Structural changes that every market has undergone, including the Options Market causing an Options trading opportunities increase when the trader is able to recognize the new patterns.
Training for new technical patterns covers the new types of sideways action. Stocks move sideways more often nowadays than they did even a decade ago. The type of sideways pattern occurring is critical to identify early on as it reveals who is in control of the sideways pattern, the direction the stock is likely to take out of that sideways pattern, AND most importantly the volatility AND velocity once the breakout occurs.
Volatility and Velocity are not the same thing. One is a sideways pattern, the other a sudden huge move out of the sideways pattern.
Determining when the breakout is going to occur and the direction, optimizes many options trading strategies and increases profitability trading options as well as stocks. One important thing all traders both retail and professional need to learn is how to find the right sideways patterns with strong energy building that will have big moves out of the sideways pattern.
The chart example below shows a huge gap after a lengthy sideways pattern.
The sideways pattern also contains an island gap. If you study the chart during the last 2 months, you can see that the sideways pattern became very consistent in its pattern, just moving within the range of the prior sideways pattern before the island gap.  Often the price barely moved. See the very precise tight consolidation of the 7 days prior to the huge gap up.  These price patterns reveal a steady controlled bracketed order that is totally controlling price for those 7 days. This is one of several Dark Pool or Twilight Pool footprints on a stock chart. Options trading opportunities increase when identifying this pattern. Confirmation of the large lot indicators of TechniTrader Volume Accumulation TTVA in the middle and TechniTrader Quiet Accumulation TTQA in the bottom chart windows reveals that this is an ideal set up for a velocity or momentum move to the upside.
Quiet Accumulation by large lot investors is obvious in the chart and the controlled price tells the Technical Analyst that these are very savvy investors, who are using professional orders that bracket and control price. Dark Pools use these orders. Options trading opportunities increase when you trade with the giant lot investors from the Dark Pools, because you can enter with them prior to High Frequency Traders HFTs gapping price so profits are easier and more consistent.
Options Trading Course Information here:

Trade Wisely,
Martha Stokes CMT

TechniTrader technical analysis using a MetaStock chart, courtesy of Innovative Market Analysis, LLC dba MetaStock

Instructor & Developer of TechniTrader Stock and Option Courses
This weekly stock discussion is sponsored by a MetaStock® Partner

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Disclaimer: All statements are the opinions of TechniTrader, its instructors and/or employees, and are not to be construed as anything more than an opinion. TechniTrader is not a broker or an investment advisor; it is strictly an educational service. There is risk in trading financial assets and derivatives. Due diligence is required for any investment. It should not be assumed that the methods or techniques presented cannot result in losses. Examples presented are for educational purposes only.


From the desk of top market timer Mark Leibovit:

Leibovit Positive VRs in TLT on both the daily and weekly charts (along with rising 5/3/3/ stochastics) confirm bullish stance on bonds.


These products are not a recommendation to buy or sell, but rather a guideline to interpreting the specified analysis methods. Only investors who are aware of the risks inherent in securities trading should use this information. MetaStock in no way endorses the products and services advertised and accept no liability whatsoever for any loss arising from any use of these products or their contents.