trading the momentum cycle

Scataphagos · Jul 5, 2018

padutrader said:
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

Wouldn't want to mess you up.

You learn technical trading by taking the trades you understand and appeal to you most*... then branch out from there.

* Example... "test/hold of 200 day MA from above when it has a positive slope". This is a "high probability, big gain potential trade". Unfortunately, it occurs infrequently.

_eug_ · Jul 5, 2018

Check out the hourly...

Frederick Foresight · Jul 5, 2018

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

How was that a momentum setup when there was no downward momentum at the time?

padutrader · Jul 5, 2018

Frederick Foresight said:
How was that a momentum setup when there was no downward momentum at the time?

good question
the upward momentum was dying.....but you still cannot catch the top.....[or bottom]....but there is huge risk reward in this trade.....the danger is,as with all things dying, is that it will fight for it's life so sometimes after 'dying', there is a last blast upwards that happens quite rarely but it does happen....in markets there is always weird behavior when you are least expecting it

Frederick Foresight · Jul 5, 2018

padutrader said:
but you still cannot catch the top.....[or bottom]....

So then why bother trying? Unless you have some clairvoyant abilities you're not sharing with us, why not just wait until it begins its downward trajectory?

padutrader · Jul 5, 2018

_eug_ said:
Check out the hourly...

thanks for posting a chart..
is there not momentum divergence on your chart.
this is a pull back on the hourly and a wedge shape

padutrader · Jul 5, 2018

Frederick Foresight said:
So then why bother trying? Unless you have some clairvoyant abilities you're not sharing with us, why not just wait until it begins its downward trajectory?

yes i could...and should that is a sensible idea thanks

padutrader · Jul 5, 2018

Scataphagos said:
Wouldn't want to mess you up.

You learn technical trading by taking the trades you understand and appeal to you most*... then branch out from there.

* Example... "test/hold of 200 day MA from above when it has a positive slope". This is a "high probability, big gain potential trade". Unfortunately, it occurs infrequently.

yes that is wonderful set up trading requires a great deal of patience...but when your 61 years

.....you are looking for fun not a great deal of money......

Scataphagos · Jul 5, 2018

padutrader said:
yes that is wonderful set up trading requires a great deal of patience...but when your 61 years .....you are looking for fun not a great deal of money......

Your age isn't the issue. If you're bothering to trade at all, you want to make something of your effort... regardless of how old you are.

While the "200 day MA test...." trade ranks very high in my preferreds... it of course is not the only one. Others may not be as reliable/profitable as that but still very good and tradable. You would do well to sniff them out.

There are solid, profitable technical trades which occur EVERY DAY.... not as big and powerful as the previously described "200 MA test"... but still very valuable and worth trading.

padutrader · Jul 5, 2018

_eug_ said:
Check out the hourly...

this is the 4 hourly chart a very interesting chart showing a breakout from a wedge [bottom?] after positive momentum divergence so you are right may not be a short in the longer time frames