ARTICLE SYNOPSIS ...Can one indicator be powerful enough to indicate momentum?...
ARTICLE SYNOPSIS ...Has this ever happened to you? You go long the market or a particular security and it immediately goes down; you go short and it immediately goes up. That is two back-to-back losses. Now extremely anxious, you ignore your trading rules and skip the next signal and of course that trade immediately becomes profitable. You hesitate whether you should take that last position this far after the trade signal. You continue monitoring the trade you failed to react to in the beginning, and now see a support and resistance trend developing. Every time the price pulls back to the s...