Hey everyone, lee training with stock straight tim bowen back at you, got a cool new tool that i think is going to be well just the beginning of something that we've been really working on and we're going to continue to strive towards, and that's pattern recognition tools. So what one we're talking about today is the abcd screeners. So couple things number one. This is a new feature.

So if you've currently got stocks to trade, make sure you go to your gear and then drop down and go to check for updates got to make sure you have the latest update to have access to this tool and as always, if you're enjoying these videos, i'm Glad you're here, but i don't work for free somebody needs to pay my salary. So that being said, definitely check out the trial get access to the trial and hopefully you become a subscriber and then i can afford to continue to make these amazing new videos. So that being said, check out the trial, i'm listen, obviously i'm biased, but i love stocks to trade. I've been trading for 15 years now and i think back to some of the the amount of tools and software packages and just stuff that i had to have and the great thing about stocks of trade.

I truly believe this one software trading package for everything. Okay, your charting your alerts, your chat rooms, your screeners, your broker, integration, your paper trading, uh. All these new tools, pattern, recognition, uh, fundamental tools like tip ranks, breaking news, uh alert, i mean there's just the list goes on and on and on so anyway get stocks. Trade, i don't know what you're waiting for you need to act.

Time waits for no man, my friend, so anyway, let's talk about the abcd screen room. So what you do uh this is kind of going to be a very, very brief tutorial. Once you get the trial once you have it head on over to the university site, i'll be doing a ton of new webinars breaking everything down but uh. If you launch the abcd screener here, you're gon na be presented with a big list of stocks.

Now the first step you're gon na do is you're gon na filter that and you're gon na filter by the criteria that you look for. You know whether that be low floaters, big percent gainers, big percent losers; okay, so the abcd pattern is a wave based pattern. Okay, so it works with high priced low price stocks. I mean listen, people use it with forex people use it with crypto.

It is a harmonic uh mathematical, heavily weighted on fibonaccis. You know i love fibonaccis, but there's a lot of under the hood math that we won't talk. Take talk about for the sake of this brief short youtube video, but you know you can short by even by earnings per share. If you want to get more fundamental market cap number of trades, etc, so once i filter one of the first stocks that was presented me was abev, and this one i knew was interesting, because this has been a long term uh downtrending chart.

I mean which a lot of them right now the day i'm recording is may 12 2022.. Hopefully the stock market doesn't crash today, but it's not looking good the last few days, but anyway, i knew there's a long term down trending stock, especially you know. If you look here the last week, uh well actually really last month, um just got destroyed sitting there, but the reason i was it was on my focus is: i knew we. It had really formed this bottom right here.

Basically, at 250 you know you go back to october. Put in a bottom, you go back to january, put in a bottom, go back to march, put in a bottom, and then i saw this bounce day today and so then, once you jump over to the intraday with the screener, you can see how the pattern starts To play out so where a is plotted is basically the high of the day. That kind of big point where the stock touches up then b is mapping the intraday resistance point, which allows it to then calculate the range from b to c and then c to d. So now what you're presented with as we're right here uh at 277? You can see the stock did pull back into the d green zone.

Okay, so then, that green zone is your buy signal. Okay, then, what's awesome about this is you've got your stop-loss zone. So, what's great about so many of these tools, is it now guides you through the trade? So if you took that entry down in the low 270s, let's say it failed trade didn't work out. It drops into the mid 260s into that stop loss zone.

The slz. You now know: hey nothing, works 100 of the time the wave failed, the pattern broke. You would take your stop and move on. Then you can see.

You've got profit areas, building to the upside that are giving you again calculated areas to take profits into when the stock bounces off of d, and you can see right now, abev actually headed back toward the high of days i mean the height is 278. This is currently 277 trending up, 32 million shares traded. I mean not bad again on a slower day. So now you can use these profit taking zones to guide you through whether or not this track stock is continuing to be bullish.

So if it breaks through the yellow zone, breaks through the orange zone into the red and the black and then starts pulling back, and you know pulling back into one of the previous zones, that's going to tell you that hey, there's, no continuation! I'm going to take my small profits and i'm going to move on where if it continues the base higher through the profit zones, then that's going to give you confirmation that the stock is still bullish and it's going to continue trending higher. Then maybe you start moving that you know that trailing stop up along with stock, so very cool tool very excited about this. I mean the the interesting thing. Is you know again, i can go through there's.

You know whether it be high priced stocks or low price stocks. Um, you know stocks like amd, which actually it's kind of interesting you can see amd, did the wave pattern, but then notice it failed. So you, if you go here - and i know it's probably kind of hard to see on screen, you can see a b amd attempted but ultimately failed that uh pattern and you can kind of see it reflected here. Here's your a here's, your b, here's your c and then there's your d, but then it broke down into the stop-loss zone.

So you can see that wave forming where vice versa, say amd had held that d level and bounced. You would have had your profit taking zones and, and just a good example of one that didn't work versus abab, which is currently working so very excited about this tool. Again, it's kind of just the beginning of some amazing stuff, we're working on in stocks of trade. So that being said, one more time definitely hit that link below to get access to the trial check it out.

And if you have stocks to trade, just grab your gear go to check for updates, open up a new tab, fire up that abcd screener and then once you'll. Add your um. You've now got that also your abcd pattern, technical indicator listed under your all. Your other indicators, you know, with your oracle, support and resistance.

Your view app your stochastics macd. You know all of the hundreds and hundreds of technical indicators that we have so all right. Everyone have an amazing day and we will see you next time.