DislikedKarmo, by any chance you remember when M2B talked about the momentum ? I guess i skipped it , too many postsIgnored
Trade what you see, not what you think.
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DislikedKarmo, by any chance you remember when M2B talked about the momentum ? I guess i skipped it , too many postsIgnored
DislikedHonestly I wasn't using this momentum indicator but after I think M2B explained, I read it and man this is going to be my new gf LOL
Thanks auslanco, I just love using your strategies/thoughts with mineIgnored
DislikedKarmo, by any chance you remember when M2B talked about the momentum ? I guess i skipped it , too many postsIgnored
DislikedI start by looking at the lowest TF which has momentum turned down where there is a gap between price and the 5SMA. I have seen retraces on TF as small as the 5M but generally only those from 30M on up are noteworthy. Even Aus has said that the 15M retrace is very unreliable. In this case I am looking at the 30M chart. By 0430 GMT (0030 EST) we will know if the 30M has touched the 5SMA. If it has, and the new 30M momentum is turned up, then we know it was a 30M retrace. If price had crashed through the 30 5SMA early on in the candle and continued to move down, then we would look at the next higher up chart where there was negative momentum. In this case, it appears so far to be just a 30M retrace. If the next 30M candle momentum is negative it could fill any gap left between price and the 5SMA. Hope this helps.
M2BIgnored
DislikedI'm having doubts now if it will retrace to 1h 5SMA or not, but I'll wait..Ignored
DislikedI gave Aus the PFE indicator to add a couple of weeks ago and he liked it in VT, if you want to try it the settings are c,8,4. Its great for additional confrimation as to where we are in the cycle as it always has to complete and lines up nicely with the existing indicators.Ignored
DislikedIs your PFE indicators also work on MT4? If so, please direct me where to find this. TQIgnored
DislikedI'm having doubts now if it will retrace to 1h 5SMA or not, but I'll wait..Ignored
DislikedHere 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, #16497. 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.
M2BIgnored
DislikedKarmo, by any chance you remember when M2B talked about the momentum ? I guess i skipped it , too many postsIgnored
DislikedHi Bud, that is a very good question - I simply dont know, its full name is Polarized Fractal Efficiency - if that helps any !Ignored