| RAMP Settings |
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RAMP
- is an excellent Pattern
scanning software.
RAMP
will:
- Find
the trend for you
- Find
trading patterns and shapes
- Find
charts on Fibonacci Retracement Levels
- Show
you accurate support and resistance lines on any chart
- Dramatically
reduce your search time to find great trades.
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RAMP provides several canned scans under
the “Example” menu and the "Special" scans which can be helpful.
Since I use TC2007 I pretty much ignore the filtering in RAMP or set it
so low most everything gets through.
For those not using TC2007 for the datafeed, you will like the soon to
be released update of RAMP as it will provide downloading of
free historical data.
I hope these settings will provide you with a "Startiing Point". As
with all trading your personal preferences are what is really
important. So the best thing to do is start with the video in the
member area, explore the rest of the member area where you will find a
great deal of information. Finally, you need to run scans and try
different settings to match your trading style. RAMP helps
reduce your research time by providing you with filtered stocks but in
the end it is you that must decide which ones match your style.
I usually try several RAMP settings on each scan based on how the
market indexes are doing and whether I am looking for long or short
candidates. These are the most common settings I use. |
RAMP
Trendline breakout settings:
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Fibonacci retracements.
On the Fibonacci'd I scan for 38, 50, & 62% retracements and
then view the charts to select the ones I like. Not shown but I look
for short candidates by scanning for just the 162 & 262%
extensions.
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Double bottoms/ double tops:
Here you have to try several settings in order to find the
best ones. While I do not show the MACD Divergence checked I
do use it frequently to find candidates. I then use TC2007 to narrow
the list to the best candidates and I play options rather than buy the
stock as I am looking for a quick move in the stock price.
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Pullback Scan:
The pullback scan is under the "Shapes" menu. This requires you to
define several paramaeters. Again, there are no magicial numbers to
plug in. What works for you likely will not work for others as well.
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