[walterw]

So lets see how we did today friday since European opening... I beleive nice... you can use something like this as a green or red light for whatever is your specific strategy... this can give you some sort of momentum "context"... I guess I will start looking it more often than not.. cheers Walter. ( by the way I did my 10 pips today jajja ).

I will share formula when I see more enthusiam on the forum, so far seems you guys are depressed jajja...

[brownsfan019]

Good to see you back Walter.

Here's my post expressing interest in the thread. Momentum has always been of interest to me, so hopefully the thread develops.

[walterw]

Originally Posted by brownsfan019 »

Good to see you back Walter.

Here's my post expressing interest in the thread. Momentum has always been of interest to me, so hopefully the thread develops.

Hi Brown ¡¡ nice to hear from you, I see you are still in the house ¡¡

well about this indi I will try to see the correct inputs for ES so we can also share this little simple momentum filter for ES traders as well...

Wanted to share also a picture of a down move wich was not validated by this momentum filter, thought my RRR based method gave me a 20 pips potencial trade there...

All interactions are welcome... remember this is only a simple momentum filter, not a consolidated method ( by no means )...

cheers Walter.

[tox]

Hi Walter,
I don't see your entries/exits on the last chart. Also seems your momentum indicator is always late comparing to the actual price action or even 1-2-3. Looks like simple drawing a pair of horizontal lines around 0 (i.e. thresholds) isn't enough to decide whether momentum is good or not really

[tox]

Hi Walter, looks like in this trade was far from your momentum indicator. Also white lines aren't very useful as they are now. Do you glue your RRR method with S/R lines or 1-2-3 thingy?

[brownsfan019]

Still here Walter. One of the few remaining from the old days.

Your screenshots look interesting. Once you post the code then I think others will participate - otherwise we are limited to watching.

I would like to see it on the CL (oil) contract.

[walterw]

Originally Posted by tox »

Hi Walter,
I don't see your entries/exits on the last chart. Also seems your momentum indicator is always late comparing to the actual price action or even 1-2-3. Looks like simple drawing a pair of horizontal lines around 0 (i.e. thresholds) isn't enough to decide whether momentum is good or not really

Originally Posted by tox »

Hi Walter, looks like in this trade was far from your momentum indicator. Also white lines aren't very useful as they are now. Do you glue your RRR method with S/R lines or 1-2-3 thingy?

Hi Tox, as I made clear on a previous post this is by no means a complete methodology... it could be a momentum filter... on the snapshots I posted you can see the arrows happen when this indicator gets outside the box ( as explained on videos )...

About the one I got with my propietary (RRR based) system, it actually happened "out of context" for this particular filter...

And the thread does not aim to talk about a complete system, it only wants to show diferent type of momentum "filters" that you can choose to use with your "complete" methodology (wichever it is) as a green or red light "filter"... cheers Walter.

[walterw]

Originally Posted by tox »

Hi Walter,
I don't see your entries/exits on the last chart. Also seems your momentum indicator is always late comparing to the actual price action or even 1-2-3. Looks like simple drawing a pair of horizontal lines around 0 (i.e. thresholds) isn't enough to decide whether momentum is good or not really

Yes... it is a threshold... and it works very good, remember that too much action near 0 means lack of momentum, action far from 0 "may sugest" momentum... Never forget what I said at the begining about ladies... ( sometimes they are there, sometimes not ) ... cheers Walter.