Nison Expert Level Web Class Exclusively for Owners ofNison Expert Level Web Class Exclusively for Owners of Nison Mega Package and and Candlesticks ReRe-IgnitedIgnited Topic : The
Post on 19-Mar-2020
32 Views
Preview:
Transcript
Nison Expert Level Nison Expert Level Web Class Web Class
Exclusively for Owners of Exclusively for Owners of Nison Mega PackageNison Mega Package and and CandlesticksCandlesticks ReRe IgnitedIgnitedCandlesticks Candlesticks ReRe--IgnitedIgnited
Topic: The ADXTopic: The ADX
1) If trend is up and ADX slope is down indicates trend is1) If trend is up and ADX slope is down indicates trend is up – no
2) If the trend is down and the ADX slope is up it indicate downward momentum – no
To measure the strong and weak trend price difference is measured from today' s close of the candlestick to priormeasured from today s close of the candlestick to prior close, is this correct way to measure to determine the direction of trend.
14 Period Minimum:14 Period Strict: 14
PeriodADX slope increasing
ADX slope +.25 or less
Period ADX slope decreasing
.5 or more less decreasing
www.candlecharts.com
Minimum: ADX:18.57
ADX:18.26‐.31
14 Period ADX slope + 25+.25 or less
Strict: 14 PeriodPeriod ADX slope decreasing
www.candlecharts.com
g
1
ADX slope: +1 52+1.52
ADX slope: +.93
What candle patterns at the greenarrows?
h h ll ?What is the ADX telling us?
“ l d k h b l h“Entering a long position in an uptrending stock I want the ADX to be less than 0.25 and reversal candle formation so as to enter on a retracement. Does the ADX suggests that immediate counter trend (pullback) is weakening (<0.25) (i.e the pullback is weakening and the major trend is about to continue).pu bac s ea e g a d t e ajo t e d s about to co t ue)
As such, should I only consider the ADX for my immediate entry signal and then not consider the ADX once I am in the trade?
Peter
I understand that I should wait for confirmation of a support or resistance to initiate a trade therefore, is thi th b t ti t l k t th ADX t id tifthis the best time to look at the ADX to identify a possible momentum trade or a trend reversal?
I was thinking of buying GM for a longer term investment and was willing to give up a few $ to buy on g g p $ ymomentum above the falling window. Note the high ADX, but hammer held minor support.
Momentum trading and ADX
Steve‐Apple has recently gone from 120 to 150 and the ADX 18 on a daily basis has not moved up. This is surprising.C ? P SComments? ‐ Pete S.
www.candlecharts.com
Rule: Because of ADX lag use for seeing when trend slows, not when new trend starts
"If we have a candlestick signal confirming a prior resistance or support, such as a bearish engulfing pattern confirming a h ti t t th i t 12 b i b t thshooting star at the same resistance 12 bars prior, but the ADX is still showing a relative strong trend (more than 0.5), would you still consider going short given that it confirms prior resistance?"
Marc F.Marc F.
A l t A l iA l t A l iAccelerate your AnalysisAccelerate your Analysis
Find Steve’s Find Steve’s d Ste e sFavorite Candle Signals in
d Ste e sFavorite Candle Signals inSignals in SecondsSignals in Seconds
B t Y C dl C fidB t Y C dl C fidBoost Your Candle ConfidenceBoost Your Candle Confidence
Is it a validIs it a validIs it a valid
candle signal?
Is it a valid
candle signal?candle signal?candle signal?
R fi M k ti Ti iR fi M k ti Ti iRefine Marketing TimingRefine Marketing Timing
Get Entry/ExitGet Entry/ExitGet Entry/Exit Signals BeforeGet Entry/Exit Signals BeforeOther Traders See Them!
Other Traders See Them!See Them! See Them!
Coming Soon!A Ni DVDAs Nison DVD
owners you are on the first alert list tothe first alert list to be notified as soon
as it released.
top related