Home > Chart Talk > Momentum trade from 4/20/07

Momentum trade from 4/20/07

mo.jpgWe teach in our classes when you are setting up a trade, you need to make it clear whether you are trading with the trend or the momentum. If you have both on your side, thats great, but perfect set ups all the time is not reality.The expectation and the share size for each will be very different. Here you can clearly see the trend on the 15 min chart is down but the momentum is up. We made a quick .20 scalp long against the trend, but with the momentum. We knew it would be a scalp before we entered the trade, so we got out into momentum of the exhaustion bar.

Advertisements
Categories: Chart Talk
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: