tag:blogger.com,1999:blog-7294296041883029217.post2145801492577828247..comments2023-10-01T03:44:27.443-06:00Comments on Prepare to be Wrong: A Trend is.....Solfesthttp://www.blogger.com/profile/12600177979199165880noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7294296041883029217.post-54741429701189749762009-08-12T10:59:43.700-06:002009-08-12T10:59:43.700-06:00Ungrateful??
What, I said thank you. I guess I am...Ungrateful??<br /><br />What, I said thank you. I guess I am so focused on where I am at trading right now that any other thoughts/strategies are of no interest to me. I just can't hide that.<br /><br />Maybe I'm being short sighted. <br /><br />Naw I'm just right. hahaSolfesthttps://www.blogger.com/profile/12600177979199165880noreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-74171314211506746642009-08-12T10:39:58.585-06:002009-08-12T10:39:58.585-06:00LOL! Boy, you're ungrateful Solfest. But still...LOL! Boy, you're ungrateful Solfest. But still funny and extremely lovable.Juleshttps://www.blogger.com/profile/13279368221859540562noreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-87121959429010084072009-08-11T13:37:35.932-06:002009-08-11T13:37:35.932-06:00Thank you mikeanthony for the DMI lines explanatio...Thank you mikeanthony for the DMI lines explanation. That helps me get it.<br /><br />The way to read or trade the ADX is of no interest to me. :) But maybe to others. :)Solfesthttps://www.blogger.com/profile/12600177979199165880noreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-39318341147693185722009-08-11T13:24:43.056-06:002009-08-11T13:24:43.056-06:00ADX is a little tricky to read. I would recommend ...ADX is a little tricky to read. I would recommend Dr. Alexander Elder's "Trading for a Living" for a nice explanation of how to read it. Basically, the +DMI and -DMI will tell you the direction of directional movement of candles, or the amount of price above (+DMI) or below (-DMI) previous candles. The theory is that, in trends, candles tend to be more outside of previous candles in the direction of the trend than against the direction of the trend. This should be pretty obvious.<br /><br />The best way to read ADX is to wait until the ADX line goes "dormant" and lies low for a while. Then, if the ADX makes an upmove for a few points (let's say 7 or more depending), that is the "signal" that a new trend is being born. You'll want to trade long if +DMI is on top, and you'll want to trade short if -DMI is on top. So basically, wait for ADX to go low and then turn up. When it does, trade in the direction of whatever DMI is on top.<br /><br />Hope that helps.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-18631364530953725822009-08-11T09:28:51.572-06:002009-08-11T09:28:51.572-06:00L & W that is an interesting story, strange bu...L & W that is an interesting story, strange but interesting. <br /><br />I however have found that since I started slaughtering oxen and reading the entrails my trading has improved dramatically.<br /><br />I am willing to share my entrails findings with you. For a small fee of course.Solfesthttps://www.blogger.com/profile/12600177979199165880noreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-77505511169191937202009-08-11T09:07:06.013-06:002009-08-11T09:07:06.013-06:00Merging two topics (the usefulness or otherwise of...Merging two topics (the usefulness or otherwise of indicators and the 'Swami' comment above), a story...<br />-------------------------------------<br />A MAN BOARDED a train for Delhi and sat across from a swami. The swami was uttering all sorts of incantations and taking dust from a bag and throwing it into the air. Unable to suppress his curiosity, the man finally asked the swami what he was doing.<br /><br />"I am protecting this railcar from tigers with my special tiger dust," replied the swami.<br /><br />"But," the man protested, "there aren't any tigers within a thousand miles of us!"<br /><br />And the swami said, "Effective, isn't it?" <br /><br />--------------------------------<br /><br />I would argue that (for many, very often) it is the same with indicators :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-24345515018020129672009-08-10T18:59:11.032-06:002009-08-10T18:59:11.032-06:00Thank gawd. I would have lost a little respect for...Thank gawd. I would have lost a little respect for you if you had just handed out the goods! LOLTimChttps://www.blogger.com/profile/14813458476750232327noreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-91815335783128211612009-08-10T18:57:18.376-06:002009-08-10T18:57:18.376-06:00In a word, no.
Reason being as I said I'm not...In a word, no.<br /><br />Reason being as I said I'm not a guru. The time frame, chart type, ADX setting, etc all make a difference. <br /><br />All I can say is I have found it to be useful. Others who trade close to me say it's too slow.<br /><br />You have to find your own way. It's the only way that will work for you.Solfesthttps://www.blogger.com/profile/12600177979199165880noreply@blogger.comtag:blogger.com,1999:blog-7294296041883029217.post-9364582045459081102009-08-10T18:42:49.375-06:002009-08-10T18:42:49.375-06:00Swami, can you expound on the significant ADX leve...Swami, can you expound on the significant ADX level that signals a trend is in the offing?TimChttps://www.blogger.com/profile/14813458476750232327noreply@blogger.com