Chapter 7

Power Momentum Formula (PMF) Trigger

First published: 02 January 2012

Summary

There can be no trade without a setup and a trigger. In fact, there can be no trade without a setup, a trigger, and a follow-through. This chapter describes the power momentum formula (PMF) trigger. The PMF method is hundred percent rule based and it is, therefore, purely objective. A rule-based method is a method that is purely objective. In other words, it requires no interpretation. This chapter outlines a Step-by-Step or “cookbook” procedure for finding and identifying the trigger point. The PMF trigger (PMFT) provides a specific method for timing market entry once there has been a setup, the exact point at which to enter a position and the best time at which to enter a position.

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