**This is for informational purposes only and not a recommendation to Buy or Sell any investment vehicle**
ES MoMo Trader:
Model Components:
SP500 Future Current Contract
FOREX: AUDUSD, AUDJPY, EURUSD, EURJPY, USDCAD
Momentum Meter
Status:
Bull: 3
Bear: 10
- If 3hEMA < 13 TD EMA price will get to 63TD EMA (in a bull run) >85% of the times
- A rebound (> 2.6% off the correction low) from 63TD EMA is a good long entry opportunity
- If 3h EMA < 63TD EMA price may get to 168TD EMA (in correction mode)
- A rebound (> 2.6% off the correction low) from 168TD EMA is a good long entry opportunity and signal for an end of correction (though may be a temporary one after severe corrections)
- Model is using free data sources in public domain. Accuracy of these data series has been not be established!
***Not a Holy Grail...Model is just a model...it can/will fail without a prior notice***
***Risk is your's as are the profits...no guarantee from the management***
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