Read Latest Articles Explaining Momentum Trading Oil, 3 Patterns for Trading Momentum | Crude Oil, Emini S&P, Nasdaq, Gold.
Lots of strong momentum moves on the charts tonight, which gets me excited for lots of trading opportunities on Friday morning…
But with all these strong moves higher, it’s easy to get caught chasing, so in tonight’s video I’m going to share my three (3) favorite patterns for trading momentum – are you ready? Let’s go…
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Crude Oil is bullish with a strong breakout running higher, which tells me to get aggressive to buy the next pullback at the low of a hidden-channel…
But look closely, and you can see we’re just above today’s range, which means I need to pay close attention to getting in and out before the sellers get their shot to send it back lower again.
E-Mini S&P is bullish with a strong move back up to re-test the weekend gap, which tells me the buyers have likely reached their objective…
That’s an important clue, because even though the momentum is bullish, I don’t want to “buy high”, so I’m going to wait for a pullback just below the moving-average and look for a bear-trap into seller-failure to get long from there…
Nasdaq is bullish with a strong momentum run higher, which tells me to look for buy setups at key support levels on the way back to the all-time-highs…
As far as support levels go, I’m watching the 9180 level closely because all this momentum left a GAP on the chart, and those GAPS usually find a way to get filled on a pullback.
Gold is bullish into a trading-range this evening, which tells me to buy low, sell high, focusing on breakout failures tomorrow morning…
I’m also watching for breakouts too, but I need to see the 123-Breakout or the 2try breakout for confirmation before I get long at new highs.
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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Momentum Trading Oil, 3 Patterns for Trading Momentum | Crude Oil, Emini S&P, Nasdaq, Gold.
Momentum in financing is based upon the complying with vital aspects:
Volume:
Volume is the quantity of a specific property that is traded within a provided timespan. Volume is not the variety of purchases, but the variety of assets traded– so, if five customers acquisition one property each, it looks the like if one buyer purchases five of the property.
Volume is crucial to Momentum traders, as they need to be able to enter and also leave placements swiftly, which relies upon there being a constant stream of customers and also sellers out there. If a market has a high variety of customers and also sellers, it is known as a liquid market as it is less complicated to exchange a possession for cash money. Whereas if a market has a low variety of customers and also sellers, it is regarded as illiquid.
Volatility:
Volatility is Momentum Trading traders’ support. Volatility is the degree of change in a possession’s rate– if a market is extremely volatile, it means that there allow rate swings, while a market with reduced volatility is fairly steady.
Momentum traders will certainly seek out volatile markets, in order to capitalize on short-term fluctuates in a possession’s worth. As Momentum trading attempts to capitalise on volatility, it is very important to have an appropriate danger administration strategy in place to safeguard your trades from negative market motions. This should include quits and also limits.
Timespan:
Momentum trading techniques are typically concentrated on short-term market motions, but the duration of a profession can depend upon for how long the fad maintains its toughness. This might make appropriates for traders that utilize longer-term styles such as placement trading, as well as those that like short-term styles, such as day trading and also scalping.
Exactly how to start Momentum trading
Identify the property you are interested in
Develop Momentum Trading trading strategy based upon technical signs and also evaluation
Practise trading in a safe environment using an IG demonstration account
Beginning trading on online markets by opening up an account with IG
Conversely, you can find out more regarding trading techniques and also signs with IG Academy’s range of on-line programs.
Read New Videos Explaining Momentum Trading Oil and Financial market news, evaluation, trading signals and also Forex investor testimonials.
Disclaimer about Forex Risk
Please note that trading in leveraged products may include a significant level of risk and also is not suitable for all investors. You should not run the risk of more than you are prepared to shed. Before making a decision to trade, please ensure you recognize the risks included and also take into consideration your level of experience. Seek independent recommendations if needed.
