The vast majority of traders use only lagging indicators for their trade strategies. Every indicator or oscillator in every trading platform and charting program is a lagging indicator. A lagging indicator will show you how the current market position relates to past data for the lookback period, but has little predictive capabilities. A momentum indicator can be useful to help identify trend direction and trade execution if used with the unique multiple time f ame momentum strategy you will learn in this book. But the momentum strategy is still only useful when it is part of a trading plan that includes leading indicators.
my unique approach to dynamic time and price strategies, developed over the past
20 years, you will learn how to identify in advance the probable price and time target
zones not just for support and resistance, but, more importantly, for trend reversal. We call these price and time strategies leading indicators because they identify in advance conditions with a high probability outcome. If a market fulfills those conditions, a trade setup is made. I know they will become a very important part of your trading plan when you learn the power of being prepared in advance for specific price and time targets for trend reversal.
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