I need help with understanding momentum

easymon1 said:
Apples off the tree, hell yeah brother. Your pet hen sounds like quite the scrapper, lol. What breed is she?

Go grab the little lady and doe se doe...
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THAT hen was a partridge rock, looks like a bit like a big quail+ thus the name:caution::caution:
Interesting pattern, i had 2 pet roosters, named Solomon + David; they could spot a hawk waaaaay up in the sky=amazing:D:D. I feed wild redbirds + bluebirds now.
I woke up one morning + saw all the rabbit fur\ owl dive bombed a rabbit@ nite + got a good meal\LOL:caution::caution:Those birds of prey have the downbound momentum + skill......
 
zghorner said:
Momentum = how much the market moved over a unit of time. Strong price movements represent what? More buying than selling at a rapid rate...failure of selling to keep up with momentous buying (or vice versa of course if heading south). Aggressive movement in price.

Keltner channels and MACD are a few indicators that may help you see it a little better...but concerning indicators, Im not so sure they really tell you anything more than the price just did.
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Explained in a very simple terms. Really very useful.
 
tony.m said:
I have a full time job and usually scalp ES pre-market during EU open. I'm finding it very hard to distinguish between momentum vs sideways.

During my search on ET for topics on momentum I come across a post by @QTrader20
"My only 'secret' to maintain extremely high winrate day in, day out for years (I posted many daily PnL screenshots here on ET many months ago) is by taking trades when PA shows momentum."

How does Price Action show momentum ?
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Higher lows higher highs = uptrend

Retracements are shallow, generally < 25% = yuge momentum
 
And people wonder why markets drop faster than they rise, when so often here explanations and preferences are stated .... about when price is in an uptrend. Only.
 
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SunTrader said:
And people wonder why markets drop faster than they rise, when so often here explanations and preferences are stated .... about when price is an uptrend. Only.
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because it is common knowledge that ET cannot go Short to save its Life. that's why. In a raging bear market downtrend it is most amusing to see ET trade Long those small upticks but yet generally miss the real bear rally.

Bottomline: ET cannot do SHORT. So we only talk LONG ak uptrend at ET or nobody would undrstasnd doodly
 
SunTrader said:
You mean ET is real and not a special effects fictional character?

Not Spidey too?
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ET is real. :) How real? The hundreds or thousands here operate as ONE and provide the cognoscenti who occasionally drift thru' here with near certainty of market direction when a major top or bottom is in progress of being formed.

A side benefit of ET to a Pale rider like me is when said drifters ride in on horseback by armchair critic's House, Clubber Lang, a FED worshipper who has now cut the Mummy's-milk-chord with the FED and called a BEAR continuance - meaning the FED cannot save the dumbphucks no more. The moment the drifters makes a market top call, Clubber Lang has been known to invoke the Freight train analogy.

This is how real ET is to me!


This one particular High Plains Drifter was known to provide FREE trading services courtesy of Mother Mary - nobody has ever done this before at ET. They all state YOU-nanimously, "why should we give away our knowledge for Free? The lions who hunt here at ET pay subscription fees to kill and devour our own. NOt this High Plains drifter.

I came from the mountains to help the bullied and downtrodden and to kick ass and chew bubblegum. Mary watches my back. :):D:D



 
Pale Rider who makes thousands of fishes from just 2 fish to feed the hungry never goes without a date because the prospective date glances at Mary and sees the nod. :):D

Always gets the girl :)



 
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