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Old 01-05-2009, 02:30 PM   #1 (permalink)
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Alexander Elder Impulse System : Experiences of a Forex Trader

I've been reading Alexander Elder's popular book, "Come Into My Trading Room" and at the bookstore started to read his newest book titled, "Entries & Exits." He mentions the Impulse System a lot and most of the traders he interviewed for his latest book use it. It's great for momentum trading which is what I've been studying with Rob Booker. Yes this is yet another indicator but it really just incorporates what I already have on the screen, EMA's and MACD histogram. One measures inertia, the other momentum. What it does is quite simple.
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