trading the momentum cycle

[padutrader]

this is the first trade.

 

[fordewind]

you`ve missed the momentum 30 bars ago

 

[padutrader]

you`ve missed the momentum 30 bars ago

i am short

 

[padutrader]

you`ve missed the momentum 30 bars ago

it may be just starting hopefully at least..i mean momentum down

 

[_eug_]

Where is the momentum down on your chart?

 

[Scataphagos]

this is the first trade.View attachment 188162

That might be a good catch, but there are a half-dozen other technical trades on the chart. No comment on those?

 

[traider]

Your short entry point is not good. For this type of counter trend trade, usually there is not enough meat if you don't anticipate the top. A safer trade is to short at 1.1720 and pray that there isn't a huge breakout.

 

[padutrader]

Your short entry point is not good. For this type of counter trend trade, usually there is not enough meat if you don't anticipate the top. A safer trade is to short at 1.1720 and pray that there isn't a huge breakout.

yes you were right...it was terrible entry....but my reading was there would not be a huge breakout ....but i was trading a lower high

 

[padutrader]

That might be a good catch, but there are a half-dozen other technical trades on the chart. No comment on those?

after trading brooks for ten years and losing ...i am now a little choosy..till i am profitable

this is not a tried and tested strategy...testing is just started...but appreciate your insights.....can you mention one of those other technical trades so i will know your way of thinking

 

[padutrader]

Where is the momentum down on your chart?

it was supposed to start when i sold but...it started a little later see this chart