Seminar Topic: George and Cairie will provide in-depth explanations of the theory of momentum and stochastic signals. Using numerous charing examples, they will show you how to use this timing tool to best advantage when trading stocks, futures and indicies. Follow along in the PDF workbook while you place the MP3 seminar! Learn about this classic indicator.
The Theory of Stochastics:
Stochastics is based on the observations, thus, as price decreases, closes tend to accumulate ever closer to their extreme lows of the daily range. Conversely, as price increases, closes tend to accumulate ever closer to the extreme highs of the daily range. This concept holds whether you are working in a 1-minute, 3-minute, 5-minute, 15-minute, 30-minute, hourly, daily, weekly , and monthly time periods.
The Theory of Momentum:
The momentum oscillator measures the velocity of direction price movement. Momentum always changes direction (trend) before price changes.
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