Scalping ideas (ADX and Bollinger bands)
Submitted by Edward Revy on April 22, 2007 - 10:24.
Scalping with the help of ADX:
To scalp effectively with minimum time spent, Forex scalpers need to know when the market is trending well and when there is nothing to wait for.
To find out about the strength of the market trend use ADX (Average Directional Index) indicator.
ADX does not show the direction of a current trend, it only shows the strength of the trend. Reading below 20 indicates a weak trend, reading just above 20 – gaining new strength trend and reading above 40 – very strong trend.
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Hello Edward,
Great site!! Extremely helpful! Do you have an email address, which I can contact you on?
Regards
Shawn
Thank you Shawn,
Regards,
Edward
Edward,
Trading is a language that can be understood and taught in different ways, systems/ideas are how we draw sense of the current situation to succesfully forecast a future position.
I would like to thank you for your input and patience.
Thanks
Z.
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