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Charting Secrets: Trade Like a Machine and Finally Beat the Markets Using These Bulletproof Strategies, 2nd Edition by Louise Bedford

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5: My momentous momentum mistake

WARNING: I have a love/hate relationship with momentum indicators. Love them or hate them, use them wisely and you’ll establish whether a trend is likely to continue or slow down. Handy information to get your hands on . . .

You’ve done beautifully putting all of the pieces of this puzzle together so far. You realise what you’re creating here don’t you? You’re in the process of nailing the time-tested trading principles that will help you trade confidently and safely, for your entire life. You see, even though time ticks along, the markets are still made up of the same laws of supply and demand. So once you really understand these concepts, no-one will ever be able to take this knowledge away from you.

One ...

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