Dear Forexalien,
I have a question about what ADXs mean you posted long time ago.
You mentioned,
a) if adx 7 or 21 is green while 42, 89, 144 are still red, it means possible start of momentum.
b) if adx 7 or 21 is red while 42, 89, 144 are still green, it means the continuation of strong long.
The case a) can be converted to the statement
c) if adx 7 or 21 is red while 42, 89, 144 are still green, it means possible start of short momentum.
How can we distinguish between the possible start of short (case c) and the continuation of strong long (case b)?
Thank you.
Mike
I have a question about what ADXs mean you posted long time ago.
You mentioned,
a) if adx 7 or 21 is green while 42, 89, 144 are still red, it means possible start of momentum.
b) if adx 7 or 21 is red while 42, 89, 144 are still green, it means the continuation of strong long.
The case a) can be converted to the statement
c) if adx 7 or 21 is red while 42, 89, 144 are still green, it means possible start of short momentum.
How can we distinguish between the possible start of short (case c) and the continuation of strong long (case b)?
Thank you.
Mike
Disliked{quote} I will build a word document with all the examples on it now and what they would mean, basically all red and momentum is dead 7 or 21 green the possible start of momentum while 42,89,144 are still red 7,21,42,89,144 is strong momentum when they are all green or climbing 7 or / and 21 red and 42,89,144 are still green means that price is resting short term but the momentum is still strong longer term and to stay in the trade.Ignored
