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  • #6,261
  • Aug 16, 2012 9:04am Aug 16, 2012 9:04am
Quoting DaddyBear
Sometimes ADX is Greek to me, but I do know one thing. When all three members come together, they mean business and they don't fool around.

You should draw a picture of a bear and bull, arguing, but slightly confused and looking at an ADX indicator IN GREEK hahaha.
  • #6,262
  • Aug 16, 2012 9:05am Aug 16, 2012 9:05am
Quoting DaddyBear
Why? Can you read ADX?
No i read market.
  • #6,263
  • Aug 16, 2012 9:07am Aug 16, 2012 9:07am
Quoting Forexmint
its speaking alien. can you please translate DB?
Like I said it is Greek to me. I am not a good translator.
daddybearforex. com
  • #6,264
  • Aug 16, 2012 9:07am Aug 16, 2012 9:07am
Quoting bouble
No i read market.
And your say.
  • #6,265
  • Aug 16, 2012 9:08am Aug 16, 2012 9:08am
Quoting DaddyBear
Sometimes ADX is Greek to me, but I do know one thing. When all three members come together, they mean business and they don't fool around.
But what sort of business,monkey business?

I only want to know up or down, can it tell me that?
Some people say I'm lucky, but the more I practice the luckier I get
  • #6,266
  • Aug 16, 2012 9:10am Aug 16, 2012 9:10am
Quoting lolygagv2
You should draw a picture of a bear and bull, arguing, but slightly confused and looking at an ADX indicator IN GREEK hahaha.
How about this one .......

http://www.forexfactory.com/attachme...1&d=1344827871
daddybearforex. com
  • #6,267
  • Aug 16, 2012 9:14am Aug 16, 2012 9:14am
Quoting Robot Trader
But what sort of business,monkey business?

I only want to know up or down, can it tell me that?
ADX is a measure of trend strength. It rises in both down trends and uptrends. It is not a directional indicator.
  • #6,268
  • Aug 16, 2012 9:15am Aug 16, 2012 9:15am
Quoting Robot Trader
But what sort of business,monkey business?

I only want to know up or down, can it tell me that?
I want to know up or down as well. Unfortunately ADX is directionless. It cannot tell you up or down only the strength of the trend.

Having said that, it is the key to the warehouse of holy grails in my opinion ...........
daddybearforex. com
  • #6,269
  • Aug 16, 2012 9:18am Aug 16, 2012 9:18am
Quoting chiknthief
ADX is a measure of trend strength. It rises in both down trends and uptrends. It is not a directional indicator.
So what if there is no trend, does it simply tell you to get ready and watch. I have other indicators that do this without looking so complicated
Some people say I'm lucky, but the more I practice the luckier I get
  • #6,270
  • Aug 16, 2012 9:18am Aug 16, 2012 9:18am
Quoting DaddyBear
How about this one .......

http://www.forexfactory.com/attachme...1&d=1344827871
Oh . I understand alredy where picture from...
  • #6,271
  • Aug 16, 2012 9:19am Aug 16, 2012 9:19am
Quoting DaddyBear
I want to know up or down as well. Unfortunately ADX is directionless. It cannot tell you up or down only the strength of the trend.

Having said that, it is the key to the warehouse of holy grails in my opinion ...........
When the ADX stops confirming a trend - LOOK OUT !!!
  • #6,272
  • Aug 16, 2012 9:21am Aug 16, 2012 9:21am
Quoting chiknthief
When the ADX stops confirming a trend - LOOK OUT !!!
Yes, then BINGO!
daddybearforex. com
  • #6,273
  • Aug 16, 2012 9:23am Aug 16, 2012 9:23am
Quoting DaddyBear
I want to know up or down as well. Unfortunately ADX is directionless. It cannot tell you up or down only the strength of the trend.

Having said that, it is the key to the warehouse of holy grails in my opinion ...........
Would you please post the indicator with any template you use for its setting, I would like to compare it to what I use.
Some people say I'm lucky, but the more I practice the luckier I get
  • #6,274
  • Aug 16, 2012 9:25am Aug 16, 2012 9:25am
Quoting Robot Trader
So what if there is no trend, does it simply tell you to get ready and watch. I have other indicators that do this without looking so complicated
It is complicated because it is the EKG of the complicated Forex market.
daddybearforex. com
  • #6,275
  • Aug 16, 2012 9:26am Aug 16, 2012 9:26am
Quoting Robot Trader
So what if there is no trend, does it simply tell you to get ready and watch. I have other indicators that do this without looking so complicated
It's not a reversal indicator necessarily. However, after a substantial move and ADX (trend strength) reaches a high reading then turns down as prices move further in the direction of the overall trend, its a good sign that a reversal is imminent.
  • #6,276
  • Aug 16, 2012 9:27am Aug 16, 2012 9:27am
Quoting Robot Trader
Would you please post the indicator with any template you use for its setting, I would like to compare it to what I use.
I use 13 period ADX. No 14 or 20.
daddybearforex. com
  • #6,277
  • Aug 16, 2012 9:29am Aug 16, 2012 9:29am
Quoting DaddyBear
How about this one .......

Not bad, had to "fix" it for you though.......
Attached Image
  • #6,278
  • Aug 16, 2012 9:29am Aug 16, 2012 9:29am
Quoting chiknthief
It's not a reversal indicator necessarily. However, after a substantial move and ADX (trend strength) reaches a high reading then turns down as prices move further in the direction of the overall trend, its a good sign that a reversal is imminent.
On the other hand, an extreme low reading suggests a trending move is probably not far away. Thats all you can do is look at the probabilities. Trading is all about probabilities/odds.
  • #6,279
  • Aug 16, 2012 9:31am Aug 16, 2012 9:31am
Quoting lolygagv2
Not bad, had to "fix" it for you though.......Attachment
HaHaHa! Thanks, you did a good job. -DB-
daddybearforex. com
  • #6,280
  • Aug 16, 2012 9:31am Aug 16, 2012 9:31am
Quoting chiknthief
It's not a reversal indicator necessarily. However, after a substantial move and ADX (trend strength) reaches a high reading then turns down as prices move further in the direction of the overall trend, its a good sign that a reversal is imminent.
I use the 80/20 of the RSI in a similar way
Some people say I'm lucky, but the more I practice the luckier I get
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