Concerning Momentum. Consider getting acquainted with Haiken Ashi charts. Opinions vary on how to trade them–see Youtube but as usual use your own best judgment. A picture is worth more than a few words. NQ 2min chart. (Tradovate platform, but any will do) https://www.dropbox.com/s/c2gtcunm7qy99fs/HA%20MOMENTUM.rtf?dl=0
Notice in the blue box a very nice long trade followed by a short trade. But beware it is not as easy as simply buying a green candle or selling a red candle. For example, look at the choppy candles prior to the blue box. Several probably losing trades unless you are scalping 1-3 candles. With HA candles you still have to determine when there is a trend and when not.
Concerning Momentum. Consider getting acquainted with Haiken Ashi charts. Opinions vary on how to trade them–see Youtube but as usual use your own best judgment. A picture is worth more than a few words. NQ 2min chart. (Tradovate platform, but any will do) https://www.dropbox.com/s/c2gtcunm7qy99fs/HA%20MOMENTUM.rtf?dl=0
Notice in the blue box a very nice long trade followed by a short trade. But beware it is not as easy as simply buying a green candle or selling a red candle. For example, look at the choppy candles prior to the blue box. Several probably losing trades unless you are scalping 1-3 candles. With HA candles you still have to determine when there is a trend and when not.
Hi Rob, Thanks so much! I’ll check it out. ????????