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adx at 30mn and 5mn?
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Old 07-09-2009, 09:35 AM
jaime jaime is offline
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Default adx at 30mn and 5mn?

Hello Traders,

On some daytrading videos, Ken presents 30mn and 5mn charts without ADX . Should we use the ADX on EVERY TRADE?

Also, since he presents 5mn charts with pennants, I think this is the time wherein ADX goes well below 30. That means the pennant breaks is not supported by ADX>30 or ADX>40.

I hope to learn from the experienced Forex on Fire traders here.

Jaime
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Old 07-10-2009, 04:39 PM
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Ken Ken is offline
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Hi Jaime, thanks for the question - I personally use ADX primarily for swing trading, as I cover in the DVDs, not for intraday.

For more on ADX, you can read this popular article I authored many years ago on the topic:

http://www.esignallearning.com/educa...e/default.aspx



Thanks,

Ken
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