[jonbig04]

There is just so much to do it helps to have some sort of organization of what to learn/study. The above was just breaking down what I need to concentrate on.

I'm thinking of what you said about extremes. I think that will come into play when I decide the minimum percentage of retracement from the prevailing trend. This way I don't get whipped around so much my ultra-small retracements, if that makes sense.

At any rate, I'm on number 1 right now

[jonbig04]

Since it SEEMS the steeper the angle the stronger the trend, would be it be ridiculous you measure the anlge using a protractor or something?

I'm googling now since it seems like i wouldn't be there first human being to contemplate this. I also posted it around other forums to see if anyone else does it.

Example, if you were going to trade the trend (in some fashion) you may want to say the angle of the trend must be greater than X for me to get in with the trend.

Just an example/idea...

[brownsfan019]

It's an idea to work with. You are basically saying that you want to trade w/ the current strong momentum, which sounds great in theory. In other words, you want to be trading when it's moving, which should produce a steeper incline vs. chopping around.

So the first step would be to identify the degree to which you want to classify as a strong momentum move and then how to play it - try to jump on the wave or try to time it's end.

There are some momentum indicators as well, so take a look to see if anything looks good.

[jonbig04]

Originally Posted by brownsfan019 »

It's an idea to work with. You are basically saying that you want to trade w/ the current strong momentum, which sounds great in theory. In other words, you want to be trading when it's moving, which should produce a steeper incline vs. chopping around.

So the first step would be to identify the degree to which you want to classify as a strong momentum move and then how to play it - try to jump on the wave or try to time it's end.

There are some momentum indicators as well, so take a look to see if anything looks good.

I will check them out. I'm being careful not to get indicator dependent. But momentum is important because I am looking for retracements which of course turn out to be reversals quite often. My logic is the stronger the trend/momentum the lesser the chances of a reversal.

[brownsfan019]

Originally Posted by jonbig04 »

I will check them out. I'm being careful not to get indicator dependent. But momentum is important because I am looking for retracements which of course turn out to be reversals quite often. My logic is the stronger the trend/momentum the lesser the chances of a reversal.

And the logic is solid.

The question becomes - how do you measure the strength of momentum?

As you've seen, putting good ideas into real-time trading is not the easiest work to be done.

[jonbig04]

Originally Posted by brownsfan019 »

And the logic is solid.

The question becomes - how do you measure the strength of momentum?

As you've seen, putting good ideas into real-time trading is not the easiest work to be done.

Thanks. It is pretty tough, but I'm taking it one small step at a time.

[brownsfan019]

I have one suggestion while you begin your trading study - document everything you look at with screenshots, annotations, remarks (good/bad), dates, etc. etc.

Just get it all into a Word doc so you have it b/c I guarantee one day you'll say something like - I remember looking at something like XYZ before, but can't remember exactly...

And that's a monster time waster if you've already done it.

So come up with a way to document and save all your work, regardless of how big or small.

If you plan to be around for awhile, this little step can save you so much time later.

[jonbig04]

Thanks I will make sure I do that.

There seems to be 456,000 momentum indicators haha. Geeze.