v3.50 of our powerful Remek! Momentum Standalones (PRO STR/BT/BTX) is coming out soon, so this is a good time to review our methodology: trading the re-emergence of momentum out of consolidation areas.
The accompanying video demonstrates the concept on four instruments and a very quick timeframe (just to have events to discuss within a few minutes).
The main idea in a nutshell:
We identify a momentum move. This is usually a move that involves price visiting either the upper or lower Keltner. (The use of the Keltner is not an accident: it is based on a sound concept and years of research.)
We monitor price and see if it builds a consolidation area. (Again, a sound concept rooted in crowd behaviour.)
We identify the re-emergence of momentum (i.e. when price leaves the consolidation area in the direction of the original momentum move: another rock-solid concept based in human behaviour.)
There are some finer points, which, if you have been with us for a while, you are well aware of, but the above should be enough for starters.
Note that unlike gimmicks that have no edge, trading the re-emergence of momentum does have a verifiable edge. Also note that real success is in working out the finer details and applying the methodology with iron-clad discipline and risk management rules. (This latter point is where v3.50 enters the picture, but we’ll tell you more about that in our next post!)
Note the genius of our software: it idenfies all three steps of our method automatically, and thanks to our Remek! Market Scanner Pro, on any number of instruments in real time! You can capitalize on these opportunities with any degree of automation you choose, from fully manual to fully automated.
Ready for more? Sign up for our free trial, and spend a little time with the software and the documentation. Any successful trading must rest on a rock-solid method, and, in this day and age, powerful software, and this approach, this method, this software surely deserve your closer look!
