My journey of trading futures as a part time independent trader started seven years ago. In these seven years period, I've also made all kinds of mistakes in trading except for the creation of an extremely big and unmanageable positions. And this exciting journey of the untamed land of capitalism, the world of leveraged futures and options, is still continuing .....!
My own creation 'The Ultimate Momentum Indicator', which combines some selected technical indicators and oscillators in to a single signal, and the accompanying rules, have saved me from all kinds of trading disasters. The Ultimate Momentum Indicator and it's risk management rules, which has kept me in the trading game with positive expectancy till now, is being published for the benefit of other traders. This blog will also publish the daily updates of the trading system, barring any unforeseen circumstances.
Profitable leveraged trading of futures is one of the frontier areas of capitalism and it is a common secret that at least eighty five per cent of all participants won't make any money from this business in the long term ! Another ten percent or so of the traders would manage to break even and may remain in the trading game. The remaining five percent or so of the traders are the ones who make the real money from trading, after considering all the efforts and expenses of trading.
The Daily Updates
'The Ultimate Momentum Signal" is calculated by use of a spreadsheet and the front page of the spreadsheet showing the updated signal will be published daily on this blog.
Example of The Ultimate Momentum Signal Spreadsheet Update
The Indicator in the spreadsheet shown above are the respective Ultimate Momentum Indicatorl values of the Nifty Futures and it's underlying S&P Nifty Index as on the closing of trade for the indicated dates. These Momentum Indicator values are calculated daily on the basis of the last traded prices. The Ultimate Momentum Indicator is designed to oscillate in a fixed range between -100 and +100 values.
Cheers and Prosperous Trading!!!!
