Stockbee Low Threshold Breakout (SLTB)

SLTB helps you find another buy point in a stock with established momentum. Not every stock shows up is Stockbee 4% breakout or Stockbee $ breakout scan because they often breakout with lower tyhreshold price or volume move. The SLTB helps you profit from those setups.

SLTB scan for Trend Intensity Above 1.05

minv3.1>=100000 and c>=1 and avgc7/avgc65>=1.05

and c>o and c>c1 and c/c1>c1/c2 and c1/c2<1.02

minv3.1>=100000 looks for stock with atleast 100000 plus volume in last 3 days

c>=1 stock price is above 1

avgc7/avgc65>=1.05 finds stock with Trend Intensity above 1.05 (it gives you stocks with established momentum)

c>o close is above open

c>c1 price today is higher than price yesterday

c/c1>c1/c2 price % change today is > price % change yesterday

c1/c2<1.02 price % change yesterday was less than 2%

SLTB scan for stocks above 200 day moving average

Use this if you want more candidates . This looks for stocks above 200 day MA but that have TI 65 less than 1.05 that had SLTB

minv3.1>=100000 and c>=1 and c>o and c>c1 and c1/c2<1.02 and c/c1>c1/c2 and c>avgc200 and avgc7/avgc65<1.05

Guidelines for selecting setups from these scans are similar to 4% or $ breakout.

Major advantage of SLTB is low risk entries in established momentum stocks.

It can allow working people to find low risk entries which work with next day entry.

It allows you to put very close stops , reducing risk.

It allows you to find good low risk entries on pullback setups.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

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You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

4 comments:

Mactheriverrat said...: Any idea how a code may look using stock fetcher?; Sep 25, 2017, 1:41:00 PM
Mactheriverrat said...: Any idea what this code would look like using stock fetcher?; Sep 25, 2017, 1:42:00 PM
Pradeep Bonde said...: No idea. I do not use stock fetcher.; Sep 25, 2017, 1:45:00 PM
Jeremias said...: Why do you call it "Low Threshold"? Please elaborate.
Also, you didn't speak much to what specifically you are looking for in the charts, because a lot of them look very similar to the ones you stopped and called out as potentials. From what I gathered, you seem to like the ones with bottom wicks in recent candles, is there more one should be looking for? Thanks Pradeep!; Dec 10, 2021, 12:58:00 AM

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