|my2buoys ||Aug 29, 2007 5:08pm | Post# 18325 |
Thank you, M2B. I didn't realise that I may cause confusion to Aussie's strategy to the others. I was trying to discuss my understanding of the momentum problem with AlphaGA.
Ok, That's merely my understanding.
Hey now that it is low volume period right now, and we are not busy trading, would you mind telling us about how to read the momentum? ...since momentum seems not be systematically formulated in the strategy post. And as I said, Aussie's basic system don't need momentum as in his post.
I do remember that Aussie once mentioned 4 hr momentum has more weight than 1hr or 30min's momentum does. (I did go thru the original GBP/JPY post, and this post till page 100 so far).
I can only say, if we are not sure how to combine the momentum reading correctly with Aussie's basic entry/exit signals, we can manage trading without momentum. That's safer for newbies like me especially.
I do appreciate that M2B or anyone who have a sound understanding on how to use momentum with Aussie's system may teach us on the momentum issues like:
read momentum of current bar? or latest completed bar
btw, MT4 design mtm as, "current price*100/price of n days ago %"
VT design mtm as traditional way "current price - price of n days ago".
That's the difference, this difference leads to different numerical reading on the chart. but that doesn't change the fundamental character of the momentum ---- the current momentum pointing changes to the price moves.
They always point the same direction!
Therefore, who can tell me how to trust the current momentum reading? since it may changes to current price moves anytime?
Million thanks for anything insightful to clear these confusions?
Here is a list of all the Posts I have printed out regarding Momentum that I considered vital to understanding Aus's strategy. There is no way it can be explained in one post. Read these and follow along with live price in the days ahead and it will begin to come to you. Posts #41, #121, #9039, #9050, #9056, #9060, #10172, #16402, #16492
. There, I did the hard part. Now all you have to do is look up these numbers in the thread, read them, and print them out for future reference. You're welcome.