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THE NEW TRADING OF A LIVING- THE IMPULSE SYSTEM

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THE NEW TRADING OF A LIVING THE IMPULSE SYSTEM The idea for the Impulse system came to me in the mid-1990s. I woke up in the  middle of the night in a faraway hotel and sat up bolt upright in bed with the thought  that I could describe any market move in any timeframe, using only two criteria:  inertia and power. By combining them, I could find stocks and futures with both  bullish inertia and bullish power and trade them long. I could also find stocks and  futures with both bearish inertia and power and sell them short. A good measure of the inertia of any trading vehicle is the slope of its fast EMA.  A rising EMA reflects bullish inertia, while a falling EMA reflects bearish inertia. The  power of any trend is reflected in the slope of MACD-Histogram. If its latest bar is  higher than the previous bar or less deep than the  previous bar, then the slope of MACD-Histogram  is rising, and the power is pushing up. If the latest bar of MACD-Histogram is lower  than the