Monday, July 15, 2013

Momentum Tools

This is just a reminder, but it was useful during the AAPL position just closed, these are simple momentum tools I use as part of my analysis, usually a 1 min chart alone isn't enough to close a trade, but it depends on the type of trade it is, in this case that chart was appropriate.

This is 1 min AAPL, the top window is a momentum indicator, many can be used, even ROC.

Then a simple RSI 6 period, followed by MACD 26/52/9 to reduce noise on short term charts and Stochastics 50 also to reduce noise.

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