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EoD DMI/ADX |
ConMan
White Belt
Joined: 06 Aug 2008
Posts: 344
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Post: #16  Posted: Wed Aug 04, 2010 10:53 pm Post subject: |
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Dear All,
The strength in the current trend,represented by ADX is currently at 30.4, showing some more move for this current uptrend. The DMI- levels havent gone below 10 yet.
Enjoy the longs.
QGM
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sherbaaz
Yellow Belt
Joined: 27 May 2009
Posts: 543
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| Post: #17 Posted: Wed Aug 04, 2010 11:42 pm Post subject: |
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Hi QGM,
Thanks for giving small but very knowledgeable input on ADX. I request you to put the rules you follow in using ADX.
Regards,
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satishb
White Belt
Joined: 01 Mar 2009
Posts: 13
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| Post: #18 Posted: Thu Aug 05, 2010 12:06 am Post subject: |
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What do you mean by impact of ADX and DMI
SATISH
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ConMan
White Belt
Joined: 06 Aug 2008
Posts: 344
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| Post: #19 Posted: Thu Aug 05, 2010 7:39 pm Post subject: |
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Dear Satish
To know the impact of ADX and DMI, look at today's NF chart 15mins TF. At around 10.30 DMI- dipped to levels less than zero and the ADX also touched 40 soon ... which is an indication of the current trend coming to an an end. And because DMI- is below 10... one should expect a negative movement...
Hope you got it
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ConMan
White Belt
Joined: 06 Aug 2008
Posts: 344
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| Post: #20 Posted: Tue Aug 17, 2010 11:47 am Post subject: |
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Lets see the ADX/DMI impact on DJIA 60mins ....
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