Why just the adx, even a Bollinger tightening of the bands will do - they always explode like a spring after the squeeze. When on 60M adx falls flat, i switch to lower time frames for small intraday plays. Cheers and Good trading.
Maybe coz my first hourly candle is 930 am as per my data vendor.. --------------------------------- Manu Hi and thanks for for your kind words! ---------------------------------- Alphabet1 Cheers mate! ----------------------------------- AarVee Hi
Trading is nothing short of speculation and people who treat it as intelligent speculation have a fair chance of doing well.The posts in this blog are nothing but notes I am making for myself. I welcome serious discussion on TA from like minded people and willing to share whatever little knowledge I have of TA. Nothing on this site should ever be interpreted as advice, research or an invitation to buy or sell any securities.
TRADE LESS TRADE SMART!!!
Hit me with brickbats at mbhagra@yahoo.com
My software showing adx reading as 14 in hourly charts
ReplyDeletehi mbh,
ReplyDeletegood one!!
manu
Why just the adx, even a Bollinger tightening of the bands will do - they always explode like a spring after the squeeze.
ReplyDeleteWhen on 60M adx falls flat, i switch to lower time frames for small intraday plays.
Cheers and Good trading.
Hi Manoj,
ReplyDeleteWishing u a very Happy Holi !!!
@stoxtrends Hi,
ReplyDeleteMaybe coz my first hourly candle is 930 am as per my data vendor..
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Manu Hi and thanks for for your kind words!
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Alphabet1 Cheers mate!
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AarVee Hi
Wish you a very Happy Holi too!
Cheers!!!