Help with Momentum (12-2, 4-6) | Forex Factory

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Help with Momentum (12-2, 4-6)

  • #1
  • First Post: Sep 14, 2015 12:53pm Sep 14, 2015 12:53pm
Hi. I am trying to follow a strategy that requires me to keep an eye on the momentum - since that thread has 500 pages, I don't want to add more to it with my silly question: what is the 12-2 and 4-6 referring to?

I did some reading and momentum refers to MACD and moving averages: most likely the 12-2 and 4-6 refers to the EMA (so basically add 2 EMAs with those 2 settings) plus a MACD indicator. Is this correct? Thanks.

Eddie
  • #2
  • Sep 14, 2015 1:10pm Sep 14, 2015 1:10pm
Quoting emadmax001
Hi. I am trying to follow a strategy that requires me to keep an eye on the momentum - since that thread has 500 pages, I don't want to add more to it with my silly question: what is the 12-2 and 4-6 referring to? I did some reading and momentum refers to MACD and moving averages: most likely the 12-2 and 4-6 refers to the EMA (so basically add 2 EMAs with those 2 settings) plus a MACD indicator. Is this correct? Thanks. Eddie
Usually they're referring to the angle of the moving averages. Compare the angle to the face of a clock to see where the angle of lines would be. If the lines are too flat (lack of momentum) then the lines would be in the area between 2 & 4.
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  • #3
  • Sep 14, 2015 1:13pm Sep 14, 2015 1:13pm
Great stuff! Thank you so much! So those numbers refer to the angles of the EMAs...so what settings should the usual EMAs have? On babypips they show the 10 EMA (blue), 20 EMA (red)
  • #4
  • Sep 14, 2015 1:24pm Sep 14, 2015 1:24pm
Quoting emadmax001
Great stuff! Thank you so much! So those numbers refer to the angles of the EMAs...so what settings should the usual EMAs have? On babypips they show the 10 EMA (blue), 20 EMA (red)
That depends upon the system you're trading.
Some common MA pairs are 10-20, 20-50, 50-200.
Best is to put them on a chart of the timeframe you want to trade & see which pairs work best for your trading style. Everyone trades a bit different so only you can see which pairs work best for you.
  • #5
  • Last Post: Sep 14, 2015 1:25pm Sep 14, 2015 1:25pm
Got it. Thanks
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