Momentum burst is a phenomenon in the markets

tugga82 · 13 May 2022

Jingjoh said:
No problem, i assumed the idea of the thread was to promote original trading strategies, not plaigarize someone else's strategy and try and sell it as your own.

Don’t assume and …..There is no selling here. I never mentioned anywhere that I created this. Did I?

scholesy · 2 June 2022

I tested Pradeep's setup on ASX symbols called: Stockbee Trend Intensity Breakout
Source: https://stockbee.blogspot.com/2011/01/learn-language-of-setups.html and also detailed in the book The StockTwits Edge

Buy rules (reverse for sell):
(1) 4% higher on the day
(2) volume is greater than 6 MA average by 2 times
(3) dollar volume > $300k
(4) -1.05+ on trend intensity

Results below for long setup and short setup. Short setup has stayed pretty much flat whereas long setup has really deteriorated recently (as expected).

LONG SETUP

SHORT SETUP

GJK · 10 October 2024

scholesy said:
I tested Pradeep's setup on ASX symbols called: Stockbee Trend Intensity Breakout
Source: https://stockbee.blogspot.com/2011/01/learn-language-of-setups.html and also detailed in the book The StockTwits Edge

Buy rules (reverse for sell):
(1) 4% higher on the day
(2) volume is greater than 6 MA average by 2 times
(3) dollar volume > $300k
(4) -1.05+ on trend intensity

Results below for long setup and short setup. Short setup has stayed pretty much flat whereas long setup has really deteriorated recently (as expected).

LONG SETUP
View attachment 142446
SHORT SETUP
View attachment 142447

Thank you for sharing this. I've always wondered how well this strategy would perform on ASX stocks. I'm curious, did you implement his market breadth filter? Is this what rule 4 was? -1.05+ on trend intensity

Momentum burst is a phenomenon in the markets

tugga82

scholesy

GJK

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