Price action momentum trading

Beer money in the bag, just to find the bar now!!
Its interesting to note the sudden surge of bears that stopped the trade.

Took a wack Friday. Entered just after lunch NY time, and unfortunately was called away to work in an emergency. In retrospect, it was a well deserved slap for going against the trading rules of trading after NY Friday lunch. Once the market re-opened, steps were taken in order to limit the loss size. Chart shows all.

Hi, everyone

System looks promising. What I want to ask, is anybody managed to program it in order to backtest on historical data?

Hi Survivor,

Great thread!
I'm wondering what's your current trade management please? is it still 10 pip initial stop loss, moving the SL to BE @+15 pips and closing your first half at 20 pips?

this forum is good for price action confluence trading http://www.forexfactory.com/showthread.php?t=548483

Hi!

I started to master the Momentum Trading.
I collected Survivors valuable post to one document.

Please enjoy the attachment.

With regards,
SP.

this is exactly how i currently trade. except i start with a hard 15 point stop and i trail my stop if its a buy on the previous bars lows until its stopped out. and the previous bars highs if its a sell. dead simple anyone else playing the momentum trades?

SG

If what you like is not too strong, i can help you programming an ea. Im a good programmer but i need some practice in mql4 with indicators, ...
I have already made somethings. Now i like to realize some good strategies. So give me input and if possible, i give you an ea. So send me a pn
Greetings Cyrus

this is ridiculously simplified, but you nailed it on the head. Love the "army" analogy-thanks for your post, truly!

hi guys lets do some more posts in this thread