Salam..
Hye guys.im going to touch a bit about Speed of Market..
The main purpose we're going to look for speed is to determine how about the market today.
The first thing when you open your chart is to determine the CURRENT TREND..
Yes,it was the most important and should be not overlooked!!..
Remember,the wise always says that the trend is your friend..Yeah!,What we're seeking is a trend has begin and we want to be there at the right time!!.
To measure Speed of Market we use 2 indicator :
1.Moving average - Period : 21
Method : Exponential
Apply to : Close
2. Moving Average - Period : 55
Method : Exponential
Apply to : Close
Whenever the 21EMA cross above 55EMA,it is uptrend and conversely,whenever 21EMA cross below 55EMA,it is downtrend.
It is important to identify the beginning of the trend..
Once you identify a valid trend had just begin,then you plan your trade .
Remember trading is about looking for HIGH OPPURTUNITY to WIN trade.
Set a plan around and seek confirmation from others indicators.
You're not guarantee to success,but the odds of winning is likely..
Thats all for today..
Salam Pips :-)
