Does speed of market/momentum actually matter?

iamnewuser911 said:
I find that it works 50/50, was looking if I can filter out more setups. 5 winners 5 losers, filter out 2 losers I am 5-3.

So, what kind of pullback do you like?
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iamnewuser911,
There is more than one way to skin a cat....

Your set up can be managed. Use trade management. Enter with your buy stop, sell stop, limit orders...etc...then scale out with multiple exits according to a 14D ATR (EUR/USD is your base ATR). This way when your range doesn't give you what you want...at least you have smaller losses. You can be profitable with a 30% winrate from what I can see from your sample charts and what you are trading.

Take what the market can to give you...

ES
 
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lylec305 said:
You statement on volume is as relative as my statement. Seems like your missing the point. Or don't understand analysis or momentum trading, or both. FYI momentum trading has increased volume.
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With all due respect, not necessarily.

There is no volume in spot FX, I rely on other markers to signal momentum building.

Also, in the same way a low volume market can move relentlessly against you and stop you out, periods of low volume can result in high momentum if supply/demand are not in balance.

All about AMT.
 
Then everyone should qualify each comment with whatever they are trading. In general, momentum trade is followed with volume spike. Otherwise it's just normal daily activity. But you hotshot fx traders may never understand, your trading without volume.
 
justrading said:
I trade FX, CME futures, DAX and Bund. Don't be so presumptuous and dismissive.
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back at you! Have everyone qualify their comments with symbol details. Everyone will know fx traders do not consider volume a momentum signal. lol
 
lylec305 said:
back at you! Have everyone qualify their comments with symbol details. Everyone will know fx traders do not consider volume a momentum signal. lol
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This is precisely my point about your being presumptuous and dismissive.

You are a typical member of the ET 'There is Only One Way' brigade. Those too shallow to see there are indeed many ways to skin a cat.

FYI I understand Volume Price Analysis and use it for short term trading the DAX and Bund. I have an algo that works out threshold volume levels and marks them on the volume region in Sierra Charts.

Unlike you, I managed to figure out how to identify momentum when I don't have volume to lean on, and I use that for FX and swing trades.

lylec305 said:
FYI momentum trading has increased volume.
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The only reason I responded to you was this statement. ET is too full of fanatics and their absolutes, you being one of them.

Momentum trading does not necessarily have increased volume.

Back to a point I made earlier, study AMT.

Momentum can happen because there is insufficient volume to meet demand.
 
justrading said:
This is precisely my point about your being presumptuous and dismissive.
You are a typical member of the ET 'There is Only One Way' brigade. Those too shallow to see there are indeed many ways to skin a cat.
FYI I understand Volume Price Analysis and use it for short term trading the DAX and Bund. I have an algo that works out threshold volume levels and marks them on the volume region in Sierra Charts.
Unlike you, I managed to figure out how to identify momentum when I don't have volume to lean on, and I use that for FX and swing trades.
The only reason I responded to you was this statement. ET is too full of fanatics and their absolutes, you being one of them.
Momentum trading does not necessarily have increased volume.
Back to a point I made earlier, study AMT.
Momentum can happen because there is insufficient volume to meet demand.
More...
Your comment is based on others reading your mind and know what you are trading. And you call others presumptuous? Hotshot fx trader wannabe typical mo ...
 
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