We have different momentum indicators: MACD, RSI, Stochastics Role of thumb: A new high in momentum ▶ expect a high in price A new low in momentum ▶ expect a low in price Diversion: new higher high in price but lower high in indicator ▶ expect a strong retrace in price Momentum Indicator
A statistical technique used to identify the strength and direction of the market trend is using the Linear Regression Slope as this is a centred oscillator type indicator. It fluctuates above and below a central line drawn at 0. This indicator can be used to measure the strength or weakness and direction of the […]
Recognise the volatile market. Figure out the trend direction. Open your new positions. HML indicator simply plots the difference between high and low. High readings mean we are in a trendy market. Low readings mean we are moving sideways in a range. My strategy: ✔Combine this with a volume indicator (Like Accumulation/Distribution Indicator) ✔High reading […]
Yesterdays Corney’s speech wasn’t that much interesting. Today we have 2 important events happening for GBP and one for EUR.Let’s see if these events can influence the GBP and EUR pairs. At 15:30(GMT+8)📢 EUR ECB President Draghi Speaks in Frankfurt.We can expect High volatility after Draghi’s speech At 16:30(GMT+8)👀 GBP Consumer Price Index (YoY) (APR) […]
