Remek! Trading Systems

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Using the Remek! Momentum timeframes to optimize entries

The following example is an excellent demonstration on how we use the three charts in Remek! Momentum to plan our trades and time our entries. (Note: the weekly/daily/240m is one way of doing it, but feel free to customize these timeframes to your needs and preferences. You can even use a 15m, 60m and 240m chart or something similar if you trade intraday. What matters is the method, the thinking process.

So let’s see, using this emerging setup on the ZB as an example:

  1. Note the HTF context: the weekly ZB is in a pullback (and thus in support of our plans on the daily).

  2. We are interested in going long on the ZB daily targeting the previous high, based on the strong momentum ZB has displayed in the past few days.

  3. We have two options to execute our plan:
    a) either, not care too much about the 240m and just go long on the daily, on the break of the previous bar’s high,
    b) or, perhaps better, go long with the emerging pullback on the 240m, using the 240m to finetune our entry.

    Note: Remek! Momentum will give you a long signal on the 240m chart (the ‘precision chart’ in this case), which you can either take automatically or discretionarily. The advantages of b)? First, a better price and entering with 240m momentum, and also, if the pullback on the 240m fails, there will be no entry. (Warning: as with every pullback trade, you have to be ready for the possibility, before you enter, that the pullback turns out to the complex one.)

ZB 2019 03 07

If and how the uncertainty on the indexes (stocks, see below) we’ve seen in the past two days contributes (or causes) the move in government bonds, we cannot know. The good news is, as technically motivated directional traders, to trade well, we do not have to know.

As always, mindful trading!

ES 2019 03 07