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PYRAMIDING WITH THE TREND

16. December 2010

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We’re short 1 contract from a few days after the top This is a good place to add a contract as this market is in a strong downtrend mode HOW TO TELL A STRONG TREND Bean Oil is in a strong downtrend mode. The Directional Movement indicator shows this clearly. The green line ( minus [...]

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ADX (Average Directional Index)

7. November 2010

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History Average Directional Index (ADX) was developed by J. Welles Wilder Jr. and as its name implies attempts to measure the strength of the direction the security is moving in. ADX is measured in a scale from 0-100 with readings above 25 indicating that you are in a trend whilst readings below 25 indicate that [...]

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