In this article, I will take it to the next level by covering aspects of specific applications with Momentum that can help you in your trading. The way we will approach this is by running some basic tests for proof of concept. This is different than a trading system and is usually more like a step in developing a superior trading system.
This particular article is using Smart Momentum because our community has been using it every day for close to a decade and know it very well. Such concepts we are using could also apply to other kinds of Momentum, but we recommend using a Momentum that has a known statistical profile associated with it and that has thousands (or 10s of thousands) of hours of live use (like Smart Momentum) over one that does not.
For years in our trading room we have used the saying, "The Smart Momentum Knows (SMOK or TSMK)." This term was first coined / used by one of our founding members years ago. There are various themes and variations of this concept and I will cover the most basic one here that corresponds to Momentum concept #1 in my last article. Another application in we will cover is from concept #5 (also from Trader's World Issue 84) which is Momentum Pulling, and a specific application of that.
Smart Momentum Knows (aka SMOK or TSMK)
This story is from the July/August/September 2022 edition of TradersWorld.
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This story is from the July/August/September 2022 edition of TradersWorld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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