DislikedMomentum:
I use the momentum indicator to catch the retracements after a big sudden price fall or rise. This indicator is accurate only on trending markets with high volumes. this is a very tricky indicator. I started using this indicator after studying it for almost 1 year on my demo account. Therefor it's not recommended for newbies to catch the retracement using this indicator as this could kill your account since you are going against the trend. You can Find more info on how to use the momentum indicator on the other GBP/JPY analysis thread. Once you learn & confident on this this indicator, It can be very useful to maximize your profits. For the last week 40% (over 1000 pips) of my profits came from this indicator.
ADX: This is a additional indicator I use to confirm the trend .Ignored
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Trade what you see, not what you think.
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THE TREND IS UR FRIEND
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Trade what you see, not what you think.