70% success rate Forex intraday strategy

[rajesheck]

Thanks for detail explanation, so momentum occur only on duration twenty minute? and look on support and resistance area isn't

Welcome

Yes, momentum trading is purely based on small yet significant price action. The momentum may either be with the trend or against the trend. A momentum against the trend may lead to trend reversal. Trend traders can use momentum trading strategy as their entry strategy.

On the other hand classical trend trading is based on support & resistance levels, where the focus is on the direction of the price action and not the momentum.

Momentum strategy is multi purpose in nature and can be used as...
1. Entry strategy for an existing trend strategy.
2. Entry strategy for an existing reverse trend strategy.
3. Signal for existing trend or reverse trend if price wont crossover within 60 minutes.
4. Scalping point.
5. Stay away zone for range bound trading.

 

[Trading Education Buyer]

Welcome

Yes, momentum trading is purely based on small yet significant price action. The momentum may either be with the trend or against the trend. A momentum against the trend may lead to trend reversal. Trend traders can use momentum trading strategy as their entry strategy.

On the other hand classical trend trading is based on support & resistance levels, where the focus is on the direction of the price action and not the momentum.

so subjective

 

[rajesheck]

so subjective

True

Only the strategy is objective.

Trading is subjective, an Art, subject to creativity.

 

[Trading Education Buyer]

True

Only the strategy is objective.

Trading is subjective, an Art, subject to creativity.

subject to individual tastes , comfort zone , mindset , emotions , beliefs etc

Can you a meal daily out of it ? I mean Bombay chicken?

 

[rajesheck]

subject to individual tastes , comfort zone , mindset , emotions , beliefs etc

Can you a meal daily out of it ? I mean Bombay chicken?

Creativity must not be applied while trading.

Trading is all about perfecting something we have already learnt, with great amount of focus and discipline. This we call as systematic trading.

Creativity is needed while creating a new strategy or fine-tuning an existing one.

 

[victorycountry]

Welcome

Yes, momentum trading is purely based on small yet significant price action. The momentum may either be with the trend or against the trend. A momentum against the trend may lead to trend reversal. Trend traders can use momentum trading strategy as their entry strategy.

On the other hand classical trend trading is based on support & resistance levels, where the focus is on the direction of the price action and not the momentum.

Momentum strategy is multi purpose in nature and can be used as...
1. Entry strategy for an existing trend strategy.
2. Entry strategy for an existing reverse trend strategy.
3. Signal for existing trend or reverse trend if price wont crossover within 60 minutes.
4. Scalping point.
5. Stay away zone for range bound trading.

I find price action unreliable. One day it works perfectly and another you lose all you gained from the price action. Isn't developed by Casino?? because that's their typical strategy to make money Sir

As an academic researcher, I simply use volatility measure, order flow and resistance/support, and almost every day I end up with positive results, and don't lose as much as I did like when I used price action

but thank you Sir!

 

[rajesheck]

I find price action unreliable. One day it works perfectly and another you lose all you gained from the price action. Isn't developed by Casino?? because that's their typical strategy to make money Sir

As an academic researcher, I simply use volatility measure, order flow and resistance/support, and almost every day I end up with positive results, and don't lose as much as I did like when I used price action

but thank you Sir!

I appreciate your efforts in academic research.

The difference between paper trading and actual trading is like difference between science and technology. While developing a technology many practical challenges has to be faced and overcome to achieve something very significant.

You will know the depth of the waters only when you put your real money in trading.

 

[Trading Education Buyer]

Creativity must not be applied while trading.

Trading is all about perfecting something we have already learnt, with great amount of focus and discipline. This we call as systematic trading.

Creativity is needed while creating a new strategy or fine-tuning an existing one.

you don't have a fixed system

 

[rajesheck]

you don't have a fixed system

Three vital aspects of momentum trading has been fixed:
1. Momentum pattern : Rally->Wait->Enter
2. Rally duration : 20 minutes or less
3. Rally price action for each segment:

a. Index F & O : 0.18%
b. Stocks : 1%
c. Commodities : 0.5%
d. Forex : 0.12%​

Now the exit strategies are open to trader's personal style and preference.

(Links to the voting & strategies of the above said segments

https://www.elitetrader.com/et/threads/70-success-rate-index-futures-strategy.302944/

https://www.elitetrader.com/et/threads/70-success-rate-index-options-strategy.302945/

https://www.elitetrader.com/et/threads/70-success-rate-stock-trading-intraday-strategy.303061/

https://www.elitetrader.com/et/threads/70-success-rate-crude-oil-intraday-strategy.303063/

https://www.elitetrader.com/et/threads/70-success-rate-metal-intraday-strategy.303064/ )

 

[victorycountry]

I appreciate your efforts in academic research.

The difference between paper trading and actual trading is like difference between science and technology. While developing a technology many practical challenges has to be faced and overcome to achieve something very significant.

You will know the depth of the waters only when you put your real money in trading.

you've got a point sir, but my understanding is without backtesting you strategy remains unproven sir ...