Build a TTM Squeeze Swing Trading Watchlist

hey guys my name is Michael Qin and in this video I'm gonna teach you how to build a squeeze swing trading watchlist this is a watch list for the popular squeeze setup that I teach on this channel so if you haven't learned that strategy already I've put a link down below in the description so you can go check that out now if you're interested in learning more about investing and swing trading please feel free to subscribe to my channel where I'll post these strategies and setups that I use as well as some of the live trades that I take ok so now that we are on the thinkorswim platform and I am in the scan tab here I can build a scan which will help us filter out stocks based on a certain criteria so the first criteria that we want is we want to make sure that we're first scanning in all of these stocks so if we hit this we can hit category all stocks so this makes sure that I am scanning across all the stocks out there in all of the markets then I want to add a filter to make sure that all the stocks that show up are in a squeeze so how we're gonna do that is I'm going to hit add filter then go down to study then I'm going to click the study here and I'm gonna find the TTM squeeze and so what we're gonna have to do is we're actually have to hit custom then go down to edit scroll down to study again right here and then scroll all the way down until we find TTM squeeze so TTM squeeze is right here and now we have it as our study next I want to be plotting the squeeze alert so we'll come down here and set plot to squeeze alert so now we have the TTM squeeze study on the squeeze alert plot and what I want to see is that the squeeze alert it's currently false which means that it's in a squeeze it has the red dots within the last two bars so let's review this real quick TTM squeeze study squeeze alert is false within two bars so I'll click Save here and now it'll show up in our condition wizard after that I can hit okay here once I verify that this is the correct filter that I want and then when I hit scan it's going to bring up all of the stocks that are in a squeeze but if you look at all of these stocks that show up there's a lot of junk in here some of these are untradable there's zero volume you know some of them have massive bid asks so what I want to do next is I want to add in two filters to help me weed out some of these nonsense stocks so the first thing that I want to do is I want to add a filter for volume so we can come to add filter and we can hit stock so I hit stock and then on the stock I will scroll down to the volume and what I want to do is I want to make sure that the volume is at least over 300,000 shares traded so I'll come into the min here and I will type in 300 thousand and then I'll hit scan again and so now we actually have some good stocks here these these stocks are well traded so there's good volume and we will be able to buy and sell but some of these stocks aren't the best if you look at some of them some of these are penny stocks this one's been asked are 0.0001 some of them have zero market cap so we don't want to be trading any stocks like that so the next filter that I want to add would be a minimum market cap so we can come to stock here I can scroll down to market cap in the millions and let's say that it has to be above 2000 million so now when we scan here we can actually see some good household brand names bu IND this is beyond me if you know that we can look keep looking down AVG oh this is Broadcom a LX and alexion so now these are actually some big stocks that I like to trade and ones that I suggest you should be trading if you're going to be using the squeeze strategy so with this scan in place we can now actually come here and hit save squint scan query so I'll name it squeeze swing watchlist I'll hit save and now this scan has been saved so we can reuse it in the future but what's really nice about saving a scan is that we can also bring it up as a watchlist so if I come to the market watch tab here and I can scroll down to personal and bring up this squeeze swing watchlist that I just made now we have it in watchlist form and what's nice about that is I can come over here hit detach now it becomes its own screen and let me move that to the side real quick and if we come back to a chart here and I bring this watchlist back down then what I can do is I can set up the chart and the watchlist to hook up together so I'll come over here to this little paperclip icon and Link this watchlist to the red so one red then what I'll do is I'll come back to this chart and I can do the same I can link this chart to red and so what that lets me do is that anytime I click on a stock in this watchlist so let's say I click on a lrm then it's gonna immediately show up on my chart and what's nice is I can use my up and down arrows to quickly go through a ton of these stocks and look at their charts and see if there is something that I want to trade but if we look at some of these stocks some of them don't fit our criteria some of them are way down here and the eight EMA is trading below the 21 EMA so this is not something I would by so this is actually something that we can add to our skin so let's move the watch this over to the side here and I'll bring back the scan tab so what we wanted in our strategy is we wanted the ATM a to be above the 21 EMA and only if that's the reason why we would buy so what we can do is we can actually add that as a filter so let's come over to add filter hit study and then I will come down to custom this one's going to be a little complicated so we'll come back into the Edit tab here and what we want to do is we want to find the moving average exponential so come down to study scroll down to moving average exponential and then I want to set this to the ATM a so now I have the ATM a on this left side and I want it to be greater than hopefully you can guess this greater than the moving average exponential of the 21 so doing the same thing here scrolling down to find the study and setting this to 21 so now if we look at this we have moving average exponential 8 is greater than moving average exponential 21 so I'll hit save here it'll show up in our condition wizard right now and then we can hit OK and add it to our scan so now when we scan again it's going to show us those same stocks but the ones that have the 8 above the 21 so let's save this scan here save and query overwrite and then we can bring our chart back up and bring our watch list over so now watch when we go through these ones the 8 and the 21 are always going to be in the right place so that's a very helpful thing that you can add to the scan and if you remember my strategy video there's also one more thing I talked about which is being a near the all-time highs and we can actually do that so let's go back to the scan and let's add one more filter so we'll add a filter here and this one is gonna be a fundamental so we'll hit fundamental here and scroll down actually sorry it's not fundamental it is gonna be on the stock no it's not stalking either Who am I kidding it is on the study and I'm going to look for price performance and I'm gonna come down to near high-lows so now we can see if it's nearly high and low so this is telling us I want it to be within three percent of the high that was made in the last two hundred and fifty two days so what I could do is I could set this to something larger like two hundred fifty two months and that basically is all-time highs and then I can say you know maybe we wanted to be trading within ten percent of that so let's hit ten percent and then I can hit scan again and the scanner should show us stocks that are within the ten percent high of the month but it looks like that's not working maybe we can set it to week okay like didn't try and set it to date and so we can set it to day here this is weird it's not working okay so we can do the day here and we can hit scan and now we are finding stocks that are within the 250 to day high so that's basically the high of the past year it's not the same as all-time high but this is still something that can work in our favor so we can come back and save this as a scan query so resave it every every time that we make changes to it we need to resave it so I'll hit save here and then we can come back to the chart and now this watch this is a lot smaller but all of these stocks in this watchlist match our criteria for a perfect chart trade so we can even come down to AVG o here which is Broadcom and we can see that it is currently in a squeeze the eight is above the 21 though barely and prices look like they're dropping below the 21 so in this case this actually isn't a good setup it looks like it's about to turn on us so let me scroll through these and find a setup that you know we could actually take actually this one looks pretty good here so if I clean up the charts we can see that the eight is above the twenty one prices are above the 21 EMA and we have a squeeze and we are near the all-time highs so when you use this watch list let me bring it up one more time remember that we can link this watch list to our chart with the symbol link and then we can easily scroll through this and this is what I actually do in the mornings I do this scan and then I just run through these it probably takes me about one to two minutes and I find all of the stocks that I would like to trade and that's it for this video I hope you guys have learned how to build a squeeze swing watch list on thinkorswim but remember this is a basic template if there's other criteria that you see fit in a stock before you buy it you can always build on top of this one and add it to the scan I've also shared the scan and put a link below in the description so you can import it into your own thinkorswim platform as always if you have any questions please feel free to contact me or comment below and I'll be happy to answer our guys happy trading and see you at the next video

Channel: Michael Chin

Views: 59,430

Rating: 4.9708881 out of 5

Keywords: MichaelChin, stock market, swing trading, squeeze, Build a TTM Squeeze Swing Trading Watchlist, ttm squeeze, swing squeeze, squeeze trading, swing stock trading, stock watchlist, swing watchlist, squeeze swing watchlist, ttm squeeze watchlist, swing trading basics, trading strategies, thinkorswim, thinkorswim scan, thinkorswim watchlist, build a trading watchlist, swing trading watchlist, stock trading, top stocks, top stocks 2020, investing, stocks to buy, day trading

Id: 0QSwwqywCNg

Length: 12min 43sec (763 seconds)

Published: Fri Jan 10 2020