Maxximuz is right. It's simply been called Momentum on every platform I've used, and I just use the default setting of 14.

Nexas's Intraday Range Bar Trading

The rest of the morning saw one more big trade (again in defiance of the EMAs on both charts, and the day's loser. image At 9:38 there was a trend line break up but it was the first one after a parabolic move up on the 8 pip chart (see previous ...

Nexas's Intraday Range Bar Trading

Let's look at that last time period again, but this time on the 8 pip guide chart. image Note that we first get a weak up signal on Momentum when it breaks the previous high and, as it moves to a strong up signal at 9:17 (by adding a higher low), ...

Nexas's Intraday Range Bar Trading

Onward through Friday morning trades. I promise once I get through these, I'll be quiet for a while and only speak when spoken to. image After getting out of my short at 9:00, there were a few trend breakthroughs down from 9:05 through 9:13 but ...

Nexas's Intraday Range Bar Trading

Here's the post I promised which goes over Friday morning's trades (The U.S. session -- I didn't get up early). There are some good examples of how to use momentum on the guide chart (8 pips) to filter trades on the 4 pip chart and to decide whether ...

Nexas's Intraday Range Bar Trading

This is a look at the 8 pip momentum indicator during the previous trade. (default setting of 14). image Prior to the trade momentum was down. It was below the zero line but, much more important, it was painting lower highs and lower lows. Once it ...

Nexas's Intraday Range Bar Trading

This was the morning of Jan 26. It was an almost perfect example. Most are a bit more ambiguous. Let's go over the trade first, then I'll explain how the momentum signals are determined. image In long at about 4:30 am EST. Momentum is neutral but ...

Nexas's Intraday Range Bar Trading

Several have asked for an explanation of how I use momentum to stay in trades and I'll post that shortly. However, I'd like to make it clear that most of whatever wisdom appears in the posts concerning this and how I trade does not come from me. ...

Nexas's Intraday Range Bar Trading

Here's a suggestion to help mollify the fear and give you confidence to let a trade run. It's an early warning system that can tell you when a trade is likely (never guaranteed) to run a lot or if it's a good idea to take profits early. Almost all ...

Nexas's Intraday Range Bar Trading

Full time for five years now.

Nexas's Intraday Range Bar Trading

This trade would have failed the stochastic filter I mentioned in an earlier post. I had previously decided to abandon that filter (it tooketh away more than it giveth). The momentum filter still looks a bit promising although it has more of an ...

Nexas's Intraday Range Bar Trading

Thanks Nexas. Although I do filter the trades a bit, your 4 pip range chart idea has actually accounted for most of my winning trades the past several days. I had always considered 4 pips inside the "noise level" and thus untradable. Goes to show ...

Nexas's Intraday Range Bar Trading

I did not start taking Nexas trades until after 9:50 EST yesterday as, although the MAs on the 8 pip and 4 pip lined up okay, upward momentum was obviously fading before then. I seldom take trades against Big Mo. Yesterday it cost me a couple of ...

Nexas's Intraday Range Bar Trading

Getting older (reflexes aren't what they used to be) and, being basically lazy I only trade the EURUSD forex pair. It tends to move nicely with great liquidity and has very low trading costs. Trading only one pair is why I developed the fade the ...

Nexas's Intraday Range Bar Trading

On this one, I'll go over the "fade the corners" trade. Will do the others later. Have an appointment this afternoon. image The signal came at 9:37 EST. I wasn't wild about it as the target was at only about a 1 to 1 reward / risk ratio. However, ...

Nexas's Intraday Range Bar Trading

Thanks Nexas. A combination of 3 of your 4 pip range trades and one of my "fade the corners" trades (at 9:37 EST) gave me a great U.S. morning session today while the EURUSD was moving inside a tight 39 pip range all session. I passed on a winning 4 ...

Nexas's Intraday Range Bar Trading

image Here's a description of the "fade the corners" trade setup I mentioned in an earlier post. It did quite well last week as it usually does in low ranging weeks or days. Although it can also do well in strongly trending markets (with the ...

Nexas's Intraday Range Bar Trading

I hope I didn't give you the impression I thought you arrogant. That certainly was not my intent. If I've learned anything in the 5 years I've been trading for a living it's that there's always much more that can be learned and I believe you feel ...

Nexas's Intraday Range Bar Trading

A lot of trend base setups had a hard time last week, not just Nexas' ones. Although I did manage some trend based profits, most of last week's joy came from the "fade the corners" trade I'll describe shortly.

Nexas's Intraday Range Bar Trading

Actually, I thought it was a lovely week. I'm kind of a trading wuss and a big believer in taking what the market gives me and not trying to force anything. So, last week a lot of my trades were "fade the corners" trades I developed for non-trending ...

Nexas's Intraday Range Bar Trading