[walterw]

Ok, so here I go... I promised to deal with this non friendly issue and I hope I can bring some light in the dark.

So What really is momentum ? well... funny thing, I have come to the conclusion that we always have momentum ¡¡ its just from wich perspective (say timeframe) you look at it that you will determine that you have or not momentum...

So that makes it very complicated for most rookies and even old seasoned traders to determine momentum conditions... because its like a very hard to describe fenomena and even its harder when you want to put it in a perspective of what YOU want to do...

So the first good thing to understand momentum is to know what are the lenses YOU are using to perceive the market...

Because depending on those lenses you will see certain realities that maybe other traders who have other lenses do not see and viceversa...

Who is correct ? or who is wrong ? in their apreciation of reality... no one..

Everybody is correct and everyboody is wrong, all routes in trading are good, and all are bad.. the diference between losers and winners actually its not given by the specific route, rather by the way a trader is objective and has confidence and perseverance on the use of his lenses, after he has detected some sort of edge...wichever it is...

For some it may be Volume, for others RRR, for others Momentum, standard deviations, patterns, times of day, you name it ... and so on...

So Momentum may be an edge or may not be an edge, still you can be profitable with or without it if you have other certain edge...

I hear some teachers get obsessed about momentum, and yes even myself I teach to trade on momentum conditions... BUT eventually that momentum is like a women, she is there when you cant kiss her, or she simply is not there when you are ailing for love...

So when she is, enjoy it, she is not, just survive and keep going...

My private education on forex is based in momentum conditions, but I have to recognize and now after several years of trading and mentoring that trying to determine momentum can be a big headache eventually, and its not worth it to give that excesive attention...

I have discovered that RRR (Risk Reward Ratio ) on any given trade comparing entry vs stop (risk) and entry vs potencial exit (Reward) its the best way to have that "edge" and from there on become confident and consistent with something... even when you know that your method may not be the best out there... but becomes the best for YOU because you keep doing the same thing every other day...

So thats my filosofy about momentum, its like love or women... hard animal, dificult (sorry ladies)... but its true, you have to get what you can get and dont desperate if its not there... better you must have a good RRR embeded to your strategy (as the chimp does) and dont be so hard on yourself...

Anyway on the next posts I will show you some pictures of this momentum ladies that may get your nerves a little waka waka... they are momentum readings not from my private course and that can be used from any of you guys...

For my students, if you guys want to incorporate some of this, just go ahead... so far I personally got to the point of not using any other thing than my multitimeframe method ( private stuff )

Many ask me whats my private course edge, and ethically I can not respond that here on the forum, but I can gladly respond emails.

So let me show you guys some nice toys... cheers Walter.

[walterw]

Ok, lets get started with this little fascinating lady... she is a 3 min chart of EUR/USD with a cybercycle applied to it with a little twitch to the inputs I did that make it pretty interesting to measure from some "lense" how momentum is doing...




It can give you an idea of where you are and hope that may continue for a while... now you can see this may resolve only a 30 % of your dilema... let me make a video on this indicator, cheers Walter.

[walterw]

Ok let me upload here some videos about this indi... So far the inputs I have programed actually work with EUR/USD... , I will soon post the code here as well, cheers Walter.

[BlowFish]

Nice to see a new thread by the chimp, missed your participation when you decided to take private students.

[Kit]

Just find two indicators for momentum descerning ,Vininl_Cyber looks the same as on

thinkoswim, second have a little bit more filtering component and may be someone find it

usefull for momentum trading.

p.s. Whalter, glad to see you on the forum again, ii

[walterw]

Originally Posted by BlowFish »

Nice to see a new thread by the chimp, missed your participation when you decided to take private students.

Hi Blowfish, thanks for your greetings, yes its been a while since I dont post some stuff here, actually not much research lately, just plain trading so I thought I could do some postings for some weeks... cheers Walter.

[walterw]

Originally Posted by Kit »

Just find two indicators for momentum descerning ,Vininl_Cyber looks the same as on

thinkoswim, second have a little bit more filtering component and may be someone find it

usefull for momentum trading.

p.s. Whalter, glad to see you on the forum again, ii

Hi Kit, thanks for contribution, I will take a look at your indi, thought its been a while since I dont use anymore MT4... my core charting program is Ninja at this time... cheers Walter.

[walterw]

So lets see some screenshots of the latest days with this nice momentum indicator... I marked the most significant expressions of "momentum"... thought many other movements that are not there still where very good for profitable scalping from a RRR point of view... cheers Walter