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Momentum Wave Trading PDF Print E-mail

Momentum indicators can give reasonable signals in a sideways market. There are however a few principles to bear in mind when putting on a trade based on momentum signals. Here are a few:

 


1. NEVER trade momentum signals in a trending market (When the price is making new highs or new lows), NEVER.
2. Although not commonly known momentum tends to measure trading waves and we have found that there tends to be 2 major down waves and the 2 major up waves and so on (Sorry about that Mr Elliott). The waves must move through the momentum Buy/Sell line to be valid. 2 waves in the either the sell or the buy zone don’t count.
3. Trendline violations after the 2 wave are reasonably good trading signals.

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For a practical example of Momentum wave trading click here> Momentum wave trading

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