- 15 Mins Special Bars
- Momentum Analysis – Part 1
- Momentum Analysis – Part 2
- Momentum Analysis – Part 3
- Quick Recap
Let’s just dive right into it. Refer to the image below:
The solid green line you see is the Daily Buy Zone and the arrow represents the breakout bar. We will now go through our five tests, briefly mentioned in the previous section, and see how this breakout turns out.
1Momentum Test 1: Average of current breakout bar in relation to previous three
Note that bar which broke above the Buy Zone is a blue bar. This is not a typical blue bar which usually has Close price above the Open. This bar’s average (represented by the dot in the middle) is higher than the average of the last three bars.
Instead of looking just at one breakout bar we are taking into account the average move of the last 1 hour. Bulls worked together for the last hour to bring the price to this level; that tells us there are lots more traders who could be Long at this stage and would be wanting the price to go higher.
2Momentum Test 2: Close price of the breakout bar in relation to its own average
Pay attention to the close price of the bar; notice how it finished in related to its own average price. It finished much higher than the average. This is an ideal breakout bar; we are looking for close price to go past the average, preferably as far as possible.
This piece of analysis tells us what happened when bulls pushed the price up. Were they confronted with bears ready to sell. If there were bears at the level then we would have seen price come down to a close near or below the average. Remember we want to swim with the current, we are only interested to trade when most of the market agrees on the price direction.
Easy enough? We will tackle two more momentum tests in the next section.
[ alternative viagra external | can i get viagra in mexico | legally purchase viagra | find viagra online | cialis blood thinner | online generic cialis 100 mg | viagra aus usa | female viagra uk | viagra label | guaranteed cheapest viagra | sildenafil citrate soft tabs | viagra instructions | is viagra safe for women | gerchu.phpbbx.de viagra | buying viagra | best price for generic cialis | what is better viagra or levitra | woman and cialis | hysterectomy libido viagra | baby on viagra | buy cheap online viagra viagra | herbal risk viagra | cialis fast delivery usa | alternative to viagra | discount canadian cialis | viagra buy now | viagra original pfizer order | cheapest prices on viagra | viagra tablets | what color is viagra | buy and purchase viagra online | 50mg generic viagra | cialis prescription | names of herbal viagra | cialis fast delivery usa | viagra sample | viagra from mexico | china viagra | discount brand name cialis | cialis overnight | does viagra expire | viagra st | lowest price viagra | buy generic cialis | cialis refractory | discount phentermine viagra | cialis women | pfizer female viagra | viagra and alcohol | cialis without prescription | viagra suppositories | cialis 20 mg | herbal viagra equivalent | usa generic viagra ]
No TIME!! That was always my problem. This Trade Copier has been long time coming, glad it is finally here.
We respect your privacy. Your details will not be shared.Close this popup