Quote:
Originally Posted by skypilotfx
Yes, I am getting to the point. El Cids method is that of trying to get on the horse 200 yards after it has jumped the fence and galloped across the paddock and this is no good. By the time you catch the horse and sit astride, it will likely just stand there all worn out and wander back to the hay trough.
Pilot
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Pilot
I was hoping for some answers about momentum trading and it's viability/profitability.I do not use this method because it is very similiar to moving average crosses or breakout systems.Most of the day's profit is missed out on using
chasing the price methods like breakouts and mas,leaving the trader with a very poor risk reward ratio.
Have you noticed from your charts you are buying on support and selling at new resistance on trending days?
Very good post
Regards
El CID