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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
[ATTACH=full]142446[/ATTACH]
SHORT SETUP
[ATTACH=full]142447[/ATTACH]

[QUOTE="scholesy, post: 1178615, member: 58113"] I tested Pradeep's setup on ASX symbols called: [I]Stockbee Trend Intensity Breakout[/I] Source: [I][URL]https://stockbee.blogspot.com/2011/01/learn-language-of-setups.html[/URL] [/I]and also detailed in the book [I] The StockTwits Edge[/I] [B]Buy rules (reverse for sell):[/B] (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 [ATTACH type="full"]142446[/ATTACH] SHORT SETUP [ATTACH type="full"]142447[/ATTACH] [/QUOTE]

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