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Trend trading and momentum indicators
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Trend trading and momentum indicators

  #1 (permalink)
Just starting out...
north east, usa
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: Zen-fire
Favorite Futures: NQ, TF
 
Posts: 16 since Oct 2009
Thanks: 128 given, 4 received

Trend trading and momentum indicators

This is my first post on the forum :-) I am a little nervous about it.

First of all would like to thank Big Mike for a place for me to learn so much from some experienced traders.

I have been studying the markets for over 3 years now, with the last one year being very intensive.

One thing that i have come to realize is that i need to either be a trend trader or a counter trend trader. I chose trend trading and was not really very comfortable until i took out my counter trend momentum indicators from my charts. With the momentum indicators i would always be looking for an end in the trend. Now i just take all bounces off of my moving average of choice. It was hard at first, but eventually i think i am less anxious, and focus more on the price action. Some of the best trend moves seem to occur once all the counter trend people have to cover in a hurry, i think.


Thanks.

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  #2 (permalink)
Elite Member
Palm Beach Gardens
 
Futures Experience: Intermediate
Platform: Ninja Trader
 
RBSailing's Avatar
 
Posts: 21 since Jun 2009
Thanks: 5 given, 6 received

I too have not had any success using momentum. I have also looked a volume indicators and it seems to me that for every time they are correct on calling a reversal they were wrong 5 times. There is quite a long thread on volume and several very ingenious indicators based on volume, but again I fins them wrong more often than right. I am wondering if we are getting all of the data to work with or if there is some kind of filtering going on that masks the true volume?

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  #3 (permalink)
Elite Member
Seattle
 
Futures Experience: Beginner
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nqemini View Post
This is my first post on the forum :-) I am a little nervous about it.

First of all would like to thank Big Mike for a place for me to learn so much from some experienced traders.

I have been studying the markets for over 3 years now, with the last one year being very intensive.

One thing that i have come to realize is that i need to either be a trend trader or a counter trend trader. I chose trend trading and was not really very comfortable until i took out my counter trend momentum indicators from my charts. With the momentum indicators i would always be looking for an end in the trend. Now i just take all bounces off of my moving average of choice. It was hard at first, but eventually i think i am less anxious, and focus more on the price action. Some of the best trend moves seem to occur once all the counter trend people have to cover in a hurry, i think.


Thanks.


Don't be nervous to post here. This is an open forum for all of us to learn. I believe you are spot on in developing as a trader. You've got to find what you are comfortable with and stick with it. I'll use myself as an example; I watched and worked at trading CL for a long time. I still watch it but I don't trade it anymore and don't even consider taking a trade on it. One day I probably will revisit CL as a trading instrument but ultimately I found that it was too volatile and required too large of stops for my comfort. All that time that I was trying to trade CL it wasn't a problem with my strategy but rather a problem with me. I was trying to force the proverbial square peg into a round hole.

Find what your comfortable with and master it.

Blz

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  #4 (permalink)
Just starting out...
north east, usa
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: Zen-fire
Favorite Futures: NQ, TF
 
Posts: 16 since Oct 2009
Thanks: 128 given, 4 received

Thanks for your encouragement.

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  #5 (permalink)
Elite Member
Atlanta, GA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AGN/Rithmic
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Posts: 73 since Nov 2009
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I also use a price retracement to a MA (wave indicator) and then a price move in the direction of the trend as my entry. For my method and style of trading, the momentum indicators and volume indicators have been ineffective.

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  #6 (permalink)
Just starting out...
United States
 
Futures Experience: Advanced
Platform: NinjaTrader, TradeStation, MT4
 
Posts: 5 since Feb 2010
Thanks: 1 given, 2 received

I have nice trend fallowing indicator, I attach the screens shots. As you can see it gives very nice reversal point and trend color. It works actually on any market but I mainly use it to trade Forex on charts like 30min, 1h, 4h. Of course it works much more better on trend market than on choppy. On choppy I would not trade it or trade with tight stops and limits.

Attached Thumbnails
Trend trading and momentum indicators-eurusd-30m.jpg   Trend trading and momentum indicators-gold1.jpg  

Last edited by Big Mike; February 26th, 2010 at 10:45 AM. Reason: no self promotion
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