The Three Secrets to Trading Momentum Indicators

by David Penn

You can't predict the future, but if you see a car going 100 miles an hour toward a picket fence, you have a pretty good idea. In trading, this concept is called momentum and it is one of the most widely used factors in creating effective, profitable technical indicators. Penn shows you three secrets that allow you to capitalize on the power of momentum indicators. Momentum indicators are excellent for getting on the right side of the trend and spotting the reversal before it happens. With a mastery of momentum, traders can put this predictability to work making them money.

143 pages, Kindle Edition

First published August 11, 2010

Reviews

[Mazen · Rating 5 out of 5]

This book is not for beginners...it’s for moderate traders who know fair info about all indicators, just to keep on track with david. Excellent book

[Alikair · Rating 2 out of 5]

Didn't care for this book

I lost interest early on and just skimmed the book so take this review lightly.
From what I gathered this book talks about a few common indicators like rsi macd stochastic and trix
Then for some reason he adds candlestick.
I still don't understand the difference between momentum vs trend after reading this book I think momentum is a shorter time frame?