Williams%R, SAR X-over 15 minute candles

Nice trade Wellington. All looks good.

It's Ctrader. Having read through and followed for a while I've noticed that Rocky tends to chop and change the indicators he uses, stressing that awareness of market structure is most important. The one indicator he does seem to rely upon is the ADX, hence it is the only one I have on my chart.

Thanks Rocky - much appreciated.

I encourage people to trade what they are comfortable with, you've seen me use multiple iterations on this thread. You've seen Vidvad evolve with his own methods
he doesn't use lower indicators.

So whether you use any indicators or none at all, be comfortable with what you are doing and understanding what the indicators you use can accomplish and what they can't.

I'm sorry, but yes, I think I have to explain.
Late entry. Entry after pullback at the blue arrow, the price has definitely moved above the previous high. I didn't wait for the candle to close. The upper small yellow arrow, closed by the robot is 50%. The lower one is ON. (Wrongly written ON ) When the price turned upside down and closed.
Draw in at 7 pips.
Although the chart is a bit much, I know.
Entry would be on a large white arrow, which shows the psar change and the indi crossing of the W%R on the -50 line.
The other indicators are only there for observation.
The two dashed lines are Ema10 and 20.
Well, not a classy entrance, I had to go to work afterwards.
I use Trader Agent, which was created by a friend of mine a long time ago. I think it is no longer working on it, although it has many useful functions.

Rocky, why did you entered this long trade, ADX was not touching 25 and then pointing up.

1. Can you talk about your experience with ADX, what would be rule that "works" for you at least 80% of the time?

2. It is a continuation trade, what do you see and when do you prefer to take these?

In previous trade where I got out resistance formed and price consolidated. I got back in (trend continuation) after price broke resistance and ADX broke back up.
ADX doesn't need to cross above the 25 line or bounce off it, you can take a trade especially a trend continuation as long as adx is turning up.

That said my preference is for trades is to catch the adx crossing above 23 or bouncing off it.

Hi it works on the ctrader platform too, you just have to play around with the settings

My favorite trades are out of consolidation, could be a reversal or a continuation. With reversals I will almost always wait for ADX to revert to the 25 line> I think that is safer. However with a trend continuation especially a strong trend the ADX will not revert to the 25 line, so I will take a trade then.

My definition of a successful trade might differ from other peoples. While I look to maximize my winners, I also like to be right. So for me a successful trade starts with my moving the S/L to B/E

Hi Rockypoint, just curious how you came up with the ADX value of 6 and 25 line? Did you test may different values to then settle on 6? If you have covered it before sorry but could not see it. I clearly understand how you use it, nice work.

Long on both EUR and GBP both stops at B/E.

Stops moved to +25 and +15

Out of both trades. I switched GBP to 3 renko to speed it up a bit at 5 painfully slow.

When i was researching using the ADX most of the videos were using the standard 14 periods and 20 line but it felt too slow for daytrading and got you into trades a little late.
I tried 10 and 8 before settling on 6 and moved to 25 line because I wanted to see more strength at entry as being more likely to get me to B/E.

Missed a short on the Euro busy reading about politics

Long on GBP and Euro both have stops +10 and +15 respectively

Out of both trades

Looks like I got out too soon on both

Short trade on E/U