Understanding Momentum
Seminar Topic: Gary’s presentation details his favorite momentum patterns from past actual trades, V-bottom upside reversals, late day upside price surges, extreme momentum days, Friday-To-Monday momentum and momentum break patterns, 1% true selling days and (his favorite), divergence patterns in the Dow, S&P, Nasdaq 100 and the Russell 2000.
He also shows you how he uses various sentiment indicators to determine how aggressively to trade these patterns. He discusses the mental and financial realities of trading for a living. Lastly, he details some of the tape reading techniques he uses for intraday trading and how he believes that the real money in trading comes from the trends that extend beyond intraday. Although this session is older, the techniques can still be applied to current practices.
Covers:
- Technical Indicators
- Pure Price Action
- Momentum Patterns
- Trading Weapons
- Mutual Fund Trading Strategies
- Trading Stock Index Futures
- Realizing a Realistic Return
Gary Smith is a trading maverick who, in his thirty-three year trading career, has learned to shun much of conventional trading analysis, including chart analysis, oscillators, moving averages, waves, cycles, and even computers, as pure fiction. He trades in reaction to market changes as they occur, not after the fact when they can be measured by traditional analytical tools.
PDF Work Book (Follow Along with MP3)
Listen to Seminar w/ Smith
Enjoy,
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