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    Daytrade Setup Stock Scans
    These scans are from the "Hit & Run" trading books, where they were specified as being for day trades. One can certainly decide to play the trades out longer. These 'Lizard' pattern are very similar to the Hammer and Shooting Star candlestick patterns.
    Name Description
    Lizard Bearish Rules (via 'Hit & Run Trading'):
  • Today's open and close must be in the bottom 25% of the daily range.
  • Today's high must be a 10-day trading high.
  • Tomorrow only, sell short 10 cents under today's low.
  • Initial stop: 1 point above entry price... Cover the short position at the close if not stopped out.
      		•
      Lizard Bullish Rules (via 'Hit & Run Trading'):
    1. Today's open and close must be in the top 25% of the daily range.
    2. Today's low must be a 10-day trading low.
    3. For the buy: Tomorrow only, buy 10 cents above today's high.
    4. Initial stop: 1 point under entry price... Sell the position at the close if not stopped out.
        		5.