In this MTS coaching session, we focused on how to read Momentum Increases and Decreases.
To start, we covered the basic concept of Range Contraction, Bodies Contraction and the Distance between Pivots. Pivot Highs (PH) a bar with 3 lowers highs to the pivot - Pivot Lows (PL) a bar with 3 higher lows.
Where Momentum Slows - Increases the Probability of a Reliable Turn and Trade
One concept is not a trading strategy.
For example, determining if the trend is up, down, or sideways is one part of a trading plan, but is not actionable.
Adding the location of support and resistance adds another layer to the plan.
The distance between support and resistance another. Candlestick patterns are another.
The combination of individual technical concepts builds a Master Trader Strategy!
Before watching the Recording,
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Master Trader and You Building Your Financial Future Together!
Happy trading! If you have any questions or comments, please e-mail
Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
