Chartist tend to use the disparity index as a tool to spot signals of trend strength and the likelihood of an impending exhaustion. These impatient traders make perfect momentum traders because they wait for the market to have enough strength to push a currency in the desired direction and piggyback on the momentum in the hope of an extension move.
However, once the move shows signs of losing strength, an impatient momentum trader will also be the first to jump ship. Therefore, a true momentum strategy needs to have solid metatrader 2 minute chart long island rules to protect profits while still being able to ride as much of the extension move as possible.When you are just starting to take baby steps in trading, usually the first thing you are concerned about is what are the best day trading indicators and chart configuration you should use.
Because of that diversity, we all should try to find the best indicators for day trading that suit our own metatrader 2 minute chart long island and how we trade, instead of simply mimicking another successful day traders and their trading set ups.