Questions Regarding Volume/adx
Hi, I Have 2 Questions For Everyone:
1. Is It Good To Use The Adx(directional Movement) Indicator In Order To Decide Whether Or Not I Should Enter, Exit , Or Take Partial Profit Out Of My Position?
I Mostly Use It As My Partial Profit Indicator. I Started Trading Only A Couple Of Months Ago So My Tape Reading Skills Aren't Good Enough Yet In Order To Base My Decisions For Exiting The Trade On Them And I Need Another Indicator. Is That A Decision Or Not?
2. Sometimes When I Wait For A Stock To Breakout/breakdown Is A Sudden Spike Of Volume On The Stock Before The Price Of The Stock Reaches My Entry Trigger. Could That Mean That The Stock Has A High Buyers/sellers Power That Will Try And Stop The Stock Of Making A Good/fast Move In My Direction And Eventually Ruin The Breakout? Or Is It Something Good?
Thanks
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