Sunday, November 30, 2008

Tryin2trade with ADX!

Given below is an example of one of the ways of interpreting the ADX. Nope I won’t go into more details about ADX; in fact you can read it here in one of my earlier write ups. The chart below is a 2 minute chart I use for scalping (not one of my favorite time frames but once in a while I do fall into the lure of day trading. Boy do we ever learn!). Please do not go into the minor details of timeframe or the pattern etc, this chart is purely for illustrative purpose on how one can use the ADX for active trading.



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