Trying to understand TI scanners

[NigsyP 1]

Hi

New trader here and just began the sim last week. 

Am focusing on 2 strategies, mountain pass and lightning bolt . Have a question in connection with the mountain pass.

On the TI scanners in the chatroom there's a scanner for break of HOD and break of LOD. But whenever I look at the  stock chart for the latest break of HOD/LOD it seems to have happened a while ago on the chart. Also, when I'm looking at a chart and it makes a new daily high (for example NIO yesterday) that isn't flagging up on the scanner as a break of HOD.

I must be missing something surely? But what? 

Some advice would be great as the mountain pass relies on making a new daily high and I want start to find my own stocks in play instead of always relying on others in the chatroom. 

Cheers 

Nigel P

Edited March 19, 2021 by Nigel P

[Roberto 10]

On 3/19/2021 at 10:25 AM, Nigel P said:

Hi

New trader here and just began the sim last week. 

I must be missing something surely? But what? 

Cheers 

Nigel P

The scanners can have filters that will prevent tickers from appearing based on price, volume, etc.

I found it necessary to purchase a TI scanner package.  It's been a huge improvement over following chatroom scanners.  But even TI has issues (ie, their crossing scanners are not good), and I've been looking at IBKR and ProRealTime to augment TI, and possibly replace if performance is there.

Just keep in mind that scanners are somewhat personal devices, and what was designed to suit some people may not suit you.  That's why TI doesn't care if people broadcast for free.  You may come to the conclusion that your own license would be more beneficial.  I believe they will have a trial period coming up in the next few months, I think they just charge exchange data fees...

[NigsyP 1]

23 hours ago, peterB said:

the reversals are in the Multi strategy scanner on the right top corner anyway if there are none there i sometimes check the new highest bid in the middle of the BBT scanners screen and then wait for the setup to happen.

Cheers

22 hours ago, Roberto said:

The scanners can have filters that will prevent tickers from appearing based on price, volume, etc.

I found it necessary to purchase a TI scanner package.  It's been a huge improvement over following chatroom scanners.  But even TI has issues (ie, their crossing scanners are not good), and I've been looking at IBKR and ProRealTime to augment TI, and possibly replace if performance is there.

Just keep in mind that scanners are somewhat personal devices, and what was designed to suit some people may not suit you.  That's why TI doesn't care if people broadcast for free.  You may come to the conclusion that your own license would be more beneficial.  I believe they will have a trial period coming up in the next few months, I think they just charge exchange data fees...

Cheers