- in Uncategorized by schooloftrade
Momentum Divergence Strategy using Swing-High and Swing-Low
Questions:
– Using momentum swing highs/lows comparing to price swing highs/lows (divergence)
– New Divergence indicator, add that to the FT Method
– Where can you find the trading worksheet
o Daily Worksheet is in the download section
– When do you use the 4/8 rather than the 5/10 trade management for scalpers
o When I see narrower trading ranges
Low ATR
Slow speed
If I SEE the market is not moving well that day (personality)
– Would it be best to avoid wave trades when the dollar isn’t moving
o Yes!
– Why don’t I trade ES and NQ
o ES is too sideways and sluggish (too liquid)
o NQ/YM is too cheap ($5/tick) which is similar to trading with a spread, and its not the most efficient way of trading.
o Are we rising or are we falling?
– Do I use market internals?
– Does the Pace of Tape over-ride the Momentum indicator?
o Pace of tape indicator measures the speed of the orders coming into the market
o Speed is THE most important factor
o Excessive speed will FORCE momentum to curl for you.
– Mixed buyers and sellers, so how do I get the confidence I need to trade?
o Look for compensating factors
Long trade, look for additional levels of support
Look for momentum to confirm on multiple timeframes
o You may NOT want to take the trade
– Broker references:
o sales@schooloftrade.com for broker references
– Which method should I use with 1 contract?
o Fast Track!!! Specializes in small accounts with only 1 contract.
– Once NT 7.0 is released finally I get to retire!
o 100% auto trader coming out with NT 7.0
– I provide you with the data and the charts for NT charts
– How to practice the ‘trap entry’
o Market replay
