Replies to post #8329 on Friends sharing thoughts...

[Wrinkles]

"decided to wait for momentum to shift up a little" Sounds to me like: Higher High, Higher Lows, when previous days high gets broken, it is a buy signal. On day one entry, use a break of that same days (LOD) low of day as your stop and ride her until the previous days low breaks and hopefully you catch 5 or 6 days in a row of green $$$$$.....Caught a 12 day ride once a yr or so ago, was amazing....it's to simple and most people discount it, including myself...ONE OF THESE DAYS I'M GOING TO PLAY THIS DAILY WITH DISCIPLINE, I know this is the change I need to make to get even better.....I THINK SOOOO?????

[drt4nrg]

Thanks for the detailed response Sendme. It will take me a little while to absorb everything you wrote, but I will spend some time going over it when I have more time and will look at several charts to make sure I understand. There may be a few more questions on the way. To start:

What is the momentum indicator you mentioned using? Which indicator do you use and what settings?

Thanks,
-Tim