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I'm an old trader always looking to expand my horizons. The other day you mentioned Alexander Elder. I haven't read any of his books. Which one would you recommend reading first? Thanks for the thread, keep up the good work
Reviewing some of the missed action in the markets for this past week.
Here's an example of how I look at momentum displayed right on the price action and how it might give us clues/hints to future action.
Monitor the depth of pullbacks against the trend, and the depth of new legs in the direction of the trend. They don't give information by themselves, but when you compare one pullback vs the last pullback... THAT is information as to what the momentum is doing.
