A nice real life example of the momentum trade setup talked about in the previous video http://www.thedaytradingroom.com/trading-rules-for-a-momentum-setup/
Current market conditions are offering more trade opportunities following the momentum of the trend than mean reversion. But timing these momentum type trades is crucial, too early and you are chasing, likely getting stopped on any pullback, too late and you are getting caught on a reversal rather than a pullback. Finding that sweet spot [...]
In these very news headline driven market conditions it’s a good idea to keep a “macro screen” up on your monitors alongside your current focus market. This gives you an easy way to see what the money managers are seeing and often be alerted to breaking news before it starts to significantly impact the market you are trading.