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Old 09-08-2011, 07:19 AM   #1

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Momentum Is Essential to My Trading Plan!

I look for momentum on a chart.

I look for:

a) Broad Trend patterns
b) Rising/ falling candlesticks

How do you use momentum in your plan?

All the best,
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Old 09-09-2011, 12:36 AM   #2

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Re: Momentum Is Essential to My Trading Plan!

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Originally Posted by MrMomentum »
How do you use momentum in your plan?

All the best,
I look at the momentum of the NYSE Market Internals relative to the price of the SP 500 emini. NYSE $TICK, NYSE Advancers/Decliners, NYSE UpVolume/Down Volume. I don't just use momentum, I compare and contrast a few different things. I use a little bit of everything: trend patterns, highs, lows, divergences, volatility, news events and a little bit of intuition for flavoring. Bake at 350 degrees for 1 hr and 45 minutes.
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Old 09-09-2011, 01:31 AM   #3

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Re: Momentum Is Essential to My Trading Plan!

Quote:
Originally Posted by MrMomentum »
I look for momentum on a chart.

I look for:

a) Broad Trend patterns
b) Rising/ falling candlesticks

How do you use momentum in your plan?

All the best,
volume is the simplest momentum indicator.
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Old 09-10-2011, 09:14 AM   #4

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Re: Momentum Is Essential to My Trading Plan!

Quote:
Originally Posted by MrMomentum »
I look for momentum on a chart.

I look for:

a) Broad Trend patterns
b) Rising/ falling candlesticks

How do you use momentum in your plan?

All the best,
Mr. M, have you evaluated this method?
Larry Williams' Ultimate Oscillator'.

see here on stockcharts' chartschool:

Ultimate Oscillator - ChartSchool - StockCharts.com
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