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  • #498,041
  • Jul 24, 2011 10:45pm Jul 24, 2011 10:45pm
I agree with you to a certain extent.

But I'm referring to the ADX here gatorinla

Stochs are pretty reliable too. Stochs with ADX makes signals even more stronger.

Steve

Quoting gatorinla
i didn't say u could not make money. i said "they all lag".
  • #498,042
  • Jul 24, 2011 10:46pm Jul 24, 2011 10:46pm
Quoting Fx93
I think many will say ADX is one of the most laggy indicators there are. You can describe how you're using it. No offense, I like it myself. You can offest it by reducing to less than 14 periods, but there are few faster indicators than the stochastic %k/%d cross in the OS/OB area.

I'm not saying the latter is superior necessarily, as with more signals comes more false signals as well. It's a tradeoff.

P.S. I got in at 1.43740 for 4.7pips profit now lol, can set my stop to BE now if I wish.
show me one that will show me a trade 50 or even 100 pips accurately before we get there. i want that indi.
those who can, do. those who cant, talk about those who can
  • #498,043
  • Jul 24, 2011 10:48pm Jul 24, 2011 10:48pm
Quoting blueassets
bet those are your shield whenever you lag a bit of yourself! ; my #1 is coffee, followed by aspirin.
lol. I drink two liters of tomato juice overnight.. when I am sobering up I never take aspirin.. I stick to beer and juice...
  • #498,044
  • Jul 24, 2011 10:50pm Jul 24, 2011 10:50pm
anyone watching the SP ?

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  • #498,045
  • Jul 24, 2011 10:51pm Jul 24, 2011 10:51pm
for those with welly quotes, whats been the the high of the night, thnx PTL...
Look Sharp/Trade Tight
  • #498,046
  • Jul 24, 2011 10:51pm Jul 24, 2011 10:51pm
Quoting SystemFX2011
I agree with you to a certain extent.

But I'm referring to the ADX here gatorinla

Stochs are pretty reliable too. Stochs with ADX makes signals even more stronger.

Steve
correct me if wrong. but isn't adx for non trend trading? such as a channel.
those who can, do. those who cant, talk about those who can
  • #498,047
  • Jul 24, 2011 10:56pm Jul 24, 2011 10:56pm
5 m till close. some may consider under 4388 bearish..
those who can, do. those who cant, talk about those who can
  • #498,048
  • Jul 24, 2011 10:58pm Jul 24, 2011 10:58pm
K, here you go... now back test to see all the other instances of this set up

This is what I refer to as mentioned below as the "power move"

hope this helps

Steve

Quoting SystemFX2011
No offense taken

If I can get some time to do an image for you and comment on the image, I will... but for now...

...the trick of it is.

Pay very close attention to the ADX line... that's your strength gauge.

Wait for it to hit a value of 30. Now take note of where either the -DI or +DI is. Is it below 30? or above 30?

Then take a look at where the -DI and +DI crossed at the time where the ADX line is, did the ADX line go up with the -DI/+DI line at the same time?

Now ask yourself, did the ADX and or -DI / +DI touch at the same time on...
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  • #498,049
  • Jul 24, 2011 10:58pm Jul 24, 2011 10:58pm
Quoting darimik
lol. I drink two liters of tomato juice overnight.. when I am sobering up I never take aspirin.. I stick to beer and juice...
I like most of all you consume except for beer; but would if there's any with 0% alcohol. never seen one; all beer I see contains a percentage of alcohol.
  • #498,050
  • Jul 24, 2011 11:00pm Jul 24, 2011 11:00pm
Quoting darimik
lol. I drink two liters of tomato juice overnight.. when I am sobering up I never take aspirin.. I stick to beer and juice...
Cripes man...

2 effin liters?

When you drop a deuce it must look like somebody shot the easter bunny while it was hiding in the toilet...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #498,051
  • Jul 24, 2011 11:00pm Jul 24, 2011 11:00pm
Quoting blueassets
I like most of all you consume except for beer; but would if there's any with 0% alcohol. never seen one; all beer I see contains a percentage of alcohol.
i seen one Germany may be ptl can help to find brand name
edit : may be it was wine
Mohan
  • #498,052
  • Jul 24, 2011 11:00pm Jul 24, 2011 11:00pm
couple of levels I'm watching off the simple chart...
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Look Sharp/Trade Tight
  • #498,053
  • Jul 24, 2011 11:02pm Jul 24, 2011 11:02pm
Thanks Steve, I'll be sure to look into your schema.

Quoting SystemFX2011
No offense taken

If I can get some time to do an image for you and comment on the image, I will... but for now...

...the trick of it is.

Pay very close attention to the ADX line... that's your strength gauge.

Wait for it to hit a value of 30. Now take note of where either the -DI or +DI is. Is it below 30? or above 30?

Then take a look at where the -DI and +DI crossed at the time where the ADX line is, did the ADX line go up with the -DI/+DI line at the same time?

Now ask yourself, did the ADX and or -DI / +DI touch at the same...
  • #498,054
  • Jul 24, 2011 11:03pm Jul 24, 2011 11:03pm
The purpose of the ADX's -DI's and +Di's is to know "when" the trend will change, regardless if its a small reversal, or a big one - obviously it goes without saying, higher the time frames, the better to distinguish a "real" trend change.

However those smaller time frames will not accurately tell one that we are in a trend change for certain, 4HR's and Daily's will do that for you just fine

Steve

Quoting gatorinla
correct me if wrong. but isn't adx for non trend trading? such as a channel.
  • #498,055
  • Jul 24, 2011 11:04pm Jul 24, 2011 11:04pm
id sell any h closes below 4379 ..or any passes below 4358 if it appears the h will close below 4379 with sights on 4265/80.. bbl going to smoke my crack-pipe.
those who can, do. those who cant, talk about those who can
  • #498,056
  • Jul 24, 2011 11:07pm Jul 24, 2011 11:07pm
Quoting SystemFX2011
The purpose of the ADX's -DI's and +Di's is to know "when" the trend will change, regardless if its a small reversal, or a big one - obviously it goes without saying, higher the time frames, the better to distinguish a "real" trend change.

However those smaller time frames will not accurately tell one that we are in a trend change for certain, 4HR's and Daily's will do that for you just fine

Steve
if the trend was changing as we speak. how long would it take to let you know? time and or pips.. and on what settings?
those who can, do. those who cant, talk about those who can
  • #498,057
  • Jul 24, 2011 11:08pm Jul 24, 2011 11:08pm
Quoting gatorinla
id sell any h closes below 4380 ..or any passes below 4358 if it appears the h will close below 4380 with sights on 4265/80.. bbl going to smoke my crack-pipe.
Enjoy your Sulfi.
The Thief of Wall Street
  • #498,058
  • Jul 24, 2011 11:13pm Jul 24, 2011 11:13pm
Quoting PayTheLimit
two areas of interest to me, early....4412/21 above and 4288/4306ish below...
still, think I'll refrain from doing anything till we see one of those areas...
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Look Sharp/Trade Tight
  • #498,059
  • Jul 24, 2011 11:15pm Jul 24, 2011 11:15pm
Quoting Fx93
Thanks Steve, I'll be sure to look into your schema.
It's the ADX normal 14 period right?
  • #498,060
  • Jul 24, 2011 11:16pm Jul 24, 2011 11:16pm
I'm using the default settings, as they work just fine.

1HR TF: No sign as of yet. If the ADX line hits 30, while following along with the -DI will give signs of a reversal, but one should not count on the trend changing for good until we move to a higher time frame.

4HR TF: Doesn't show any signs of it going down as of yet, we're extremely strong for the "moment" and it seems we're in wave 3 too, so a small pull back may appear for wave 4 before pushing up to 1.45/1.46 for wave 5.

Daily TF: Now this chart looks interesting... We're extremely weak here.
Both -/+ DI's are below 30 as too the ADX line.

If we were to draw the downward channel, and use the ADX indicator here, if the -DI hits 30 while the ADX continues to point up and beyond the 30 level, I'd be confident to say that it will drop to the bottom of that trend channel.

As to the timing, no one can say with this indicator for certain.

Steve



Quoting gatorinla
if the trend was changing as we speak. how long would it take to let you know? time and or pips.. and on what settings?
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