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This thread has become very interesting. I like momentum methods. You have a nice one there gavank, well done! There is also a momentum trading thread over on the FX forum here. WayneL the point you raised about achieving high (80+%) success rates and therefore hugely increasing position size is a good one but I don't think it applies in the case of gavank's method; the instruments being traded are lower priced shares so liquidity is going to be a concern preventing loading up position size too aggressively. It would be relevant though in FX where bigger positions can be taken more readily.I am looking forward to hearing more from gavank on his method on this thread! Using market depth to gauge sentiment I find challenging given the ease with which buying and selling interest can be pulled, so changing the picture, please expand gavank.
This thread has become very interesting. I like momentum methods. You have a nice one there gavank, well done! There is also a momentum trading thread over on the FX forum here.
WayneL the point you raised about achieving high (80+%) success rates and therefore hugely increasing position size is a good one but I don't think it applies in the case of gavank's method; the instruments being traded are lower priced shares so liquidity is going to be a concern preventing loading up position size too aggressively. It would be relevant though in FX where bigger positions can be taken more readily.
I am looking forward to hearing more from gavank on his method on this thread! Using market depth to gauge sentiment I find challenging given the ease with which buying and selling interest can be pulled, so changing the picture, please expand gavank.
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