Mouteki Lines are forming a triangle, too.
- #51
- Edited 8:58am Dec 21, 2009 8:43am | Edited 8:58am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
- #54
- Dec 21, 2009 9:09am Dec 21, 2009 9:09am
- | Commercial User | Joined Jul 2009 | 5,375 Posts
Forexcube, all I can say, templates are great.. They are showing and alerting
Everything EMA crossing, Drawing and also alerting trade lines
on every TF. Also showing Daily range and where we are right now
compare to the middle.. I like it very much.
So far I'm using M1, M5 (mostly), M15, H1,
H1 only to look longer term picture..
Should I pay attention to bottom Indy (ADX?) So far I've been only care about Pivot, Support, Resistance levels
EMA and Trade line crossing (basic things). Only using it on EURUSD as spread is important
Doesn't making thousands, as I only
started, need to get good feeling on the system,
but at least profitable on TEST account.
Merry Christmas to you and all readers..!
Good job! Thanks for sharing!
Everything EMA crossing, Drawing and also alerting trade lines
on every TF. Also showing Daily range and where we are right now
compare to the middle.. I like it very much.
So far I'm using M1, M5 (mostly), M15, H1,
H1 only to look longer term picture..
Should I pay attention to bottom Indy (ADX?) So far I've been only care about Pivot, Support, Resistance levels
EMA and Trade line crossing (basic things). Only using it on EURUSD as spread is important
Doesn't making thousands, as I only
started, need to get good feeling on the system,
but at least profitable on TEST account.
Merry Christmas to you and all readers..!
Good job! Thanks for sharing!
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #57
- Edited 11:59am Dec 21, 2009 11:34am | Edited 11:59am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
Forexcube, all I can say, templates are great.. They are showing and alerting
Should I pay attention to bottom Indy (ADX?) So far I've been only care about Pivot, Support, Resistance levels
Good job! Thanks for sharing!
When you trade M5 you could make your investment with ADX, too,
e.g. by confirmation: +DI/-DI-line crossover.
+DI (green) and -DI (red) line (ADX14) crosses at the same time as EMA9/20, somtimes a little before or sparse afterwards.
ADX -/+DI-Lines could be used for spotting entry signals.
All -/+DI crossovers are disregarded while ADX remains below 20.
Once ADX peaks above 20 a buy signal occur when +DI (green) crosses upwards and above -DI (red).
A sell signal will be the opposite: -DI would cross +DI downwards.
Exit points are given in situations of +DI/-DI-line-crossovers (when trend is changing - two DI cross).
Let the buy or sell orders running if ADX is high (ADX >25) and candles are over/below EMA9 and/or EMA9 over/below EMA20 (uptrend/downtrend) (no EMA9/20 crossovers!). Stay in your winning trade!
ADX Indicator has never been traded alone, but rather in combination with other indicators and tools. ADX indicator gives much later signals most of the time comparing with faster moving averages, may be EMA-crossovers, too or Stochastics, however, reliability of ADX indicator is much higher than for other indicators in trader's toolkit, which makes it a valuable tool for many Forex traders.
On M5, M30 and H1 or H4 I need ADX when becomes 40>, 50 > for getting out of my trades, say when ADX passes the 40-level, it is good time to begin collecting profits gradually scaling out of the trades on rallies and sell-offs and protecting remaining positions with trailing stops.
If you will compare the ADX 40/50/60 on different timeframes (M1, M5, M15, M30, H1, H4) with different currencies and make your experience, and describe a few on this threat here, as desired.
On higher timeframes ADX hasn't often values 40>.
Kindest regards
- #59
- Dec 21, 2009 12:09pm Dec 21, 2009 12:09pm
- | Commercial User | Joined Jul 2009 | 5,375 Posts
K, I found useful indy which might be helpful in our case
Called ADX_Candels
By default colors there are close to what we have on template
so, in order to make those candels visible switch chart to
Bar Chart Instead of CandleSticks,
leave default settings.. I compare (on M5) it to bottom Indy,
looks pretty close
Called ADX_Candels
By default colors there are close to what we have on template
so, in order to make those candels visible switch chart to
Bar Chart Instead of CandleSticks,
leave default settings.. I compare (on M5) it to bottom Indy,
looks pretty close
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
- #60
- Dec 21, 2009 1:22pm Dec 21, 2009 1:22pm
- Joined Nov 2009 | Status: Trader | 27,245 Posts
K, I found useful indy which might be helpful in our case
Called ADX_Candels
By default colors there are close to what we have on template
so, in order to make those candels visible switch chart to
Bar Chart Instead of CandleSticks,
leave default settings.. I compare (on M5) it to bottom Indy,
looks pretty close
Thank you for this Indi. I like Indicator where I can see the code with an MT4 Editor. Is it possible with the ADX-Candles"?
Kindest regards