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20170104 – EMD – Strong Up Day – EMD Strongest Index – We Promote Trying to Trade Long Strongest Market

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The EMD was by far the strongest Index all day long (I placed our customizable Net Change Indicator which we place on a separate chart - placed on all Index workspaces as well as one with Energies, one with Bonds and one with Currencies). This separate indicator helps us to determine which market is the strongest and the weakest, each in its class of Instruments. We like to go long the strongest market and short the weakest (if there is a set-up) - usually works out well. The AMA II has this built in also in a separate "cell" in numerical reset-able format, however, many members prefer the "chart" look.

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Just another example of Trades shown according to the TFT Trade Plan that is posted in its own section for Members Only.

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About the Author
John Karnas has been trading since the tech bubble days of 2000. Now, as owner of TrendFollowingTrades.com, John tries to lay out a clear path to success, taking into account all of the mistakes that he made during his career in his early days of Trading. Click to learn more about John.