trading the momentum cycle

Discussion in 'Journals' started by padutrader, Jul 5, 2018.

  1. this is the first trade. eg2.png
     
  2. you`ve missed the momentum 30 bars ago
     
    murray t turtle and MarkBrown like this.
  3. i am short
     
  4. it may be just starting hopefully at least..i mean momentum down
     
  5. _eug_

    _eug_

    Where is the momentum down on your chart?
     
  6. That might be a good catch, but there are a half-dozen other technical trades on the chart. No comment on those?
     
    murray t turtle likes this.
  7. traider

    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.
     
  8. 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
     
  9. 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
     
  10. it was supposed to start when i sold :D but...it started a little later see this chart eg3.png
     
    #10     Jul 5, 2018