people should stop obsessing about technical entry techniques as they offer no edge at all. The important element is identifying a trend or a potential trend and trading with it. Nobody can deny that the trend on SP500 weekly is long - so apply ...

Extracted Thread (per thread starter's request)

I put you on ignore because you were being a dick.

Building an equity millipede

I believe it may be true for you, right now, beyond that there's no evidence. Entry technique is a very small part of the puzzle Agree there's no need to be offended because someone disagrees with your opinion

Building an equity millipede

partly true... at least it is instinctive to believe that we need to remove risk quickly, or risk small amounts for position trading as many entries will die. But, it is in fact just as easy to build positions using much wider, or dare I say it, no ...

Building an equity millipede

very nice trading sir... I'm still here watching,

H4 Power

yep... exactly what spread betting is..

Looking for broker offering fixed money amount trading

I made my point that I disagree with you, repeating yourself is pointless but thanks anyway and good luck.

What is a good way to tell if a trend still has momentum?

that is your belief - everyone else has been blatantly dumping Euro and making easy money - that fact is clear to see on the chart

What is a good way to tell if a trend still has momentum?

ok, compare your answer with what the Euro has done SINCE the rate change...

What is a good way to tell if a trend still has momentum?

2 weeks GCAD hit a monthly support and still closed down - the sellers were still in charge - target next monthly image

H4 Power

and there we go... image

H4 Power

remember it is not just about engulfs - all the engulf says is that price will move to the next TF up SR. Whereas a close up says same TF SR.... from that starting point we can use the timeframes to map out the likely direction and stopping/turning ...

H4 Power

search for the pdf, theyre linked in the thread... search function will find them

Building an equity millipede

nice stuff Mike no surprises the weekly short continued.... wouldn't be surprised if we see that next monthly SR marked image

H4 Power

agree Mike... im just keeping in mind that we have hit a monthly sr and the monthly is still long. Weekly is indicating it isnt the monthly stopper we hit though so that suggests more short. Daily gave the signal that the retrace had some more ...

H4 Power

yes of course, price flows up from the smallest TF to the largest...and then back down again

H4 Power

Bry Im afraid for now the videos are not available, but I will try and share my opinion s and give you answers to questions you may have.... especially is you want to post a chart and ask for my analysis

H4 Power

exactly... we're using what we know and making our decisions based off that. Also importantly we are using what is happening right now rather than relying on the predictive qualities of the past

H4 Power

how fast price moved off the SR. how far price has moved off the SR. the timeframes that have turned off the SR

H4 Power