ADX - Average Directional Movement Index

How do I use the ADX indicator for Intraday Trading in Forex?

submitted by joehatch to asktraders [link] [comments]

I was creating photos including trading tips and then I collected it to write an article on those tips !

I have so far created tips on strategies like • Price Action Trading • Range Trading Startegy • Trend Trading Startegy • Position Trading • Day Trading Startegy
Price Action Trading :-
This type of trading strategy involves the study of historical prices to formulate technical trading strategies. It is used by retail traders, speculators, arbitrageurs and trading firms who employ traders.
Range Trading Startegy :-
This strategy works well in market without significant volatility and no discernible trend. Technical analysis is the primary tool used with this strategy. Markets trends about 30% of the time which means the other 70% is a trading range.
Trend Trading Startegy :-
Trend trading attempts to yield positive returns by exploiting markets directional momentum.
Position Trading :-
This is a long-term strategy primarily focused on fundamental factors.This strategy can be employed on all markets from stocks to forex.
Day Trading Startegy :-
This is a strategy made to trade financial instruments within the same trading day. Its one of the most famous trading strategies.
All these strategies are available on this source with pictures :- https://jaskaransaini.com/forex-trading-tips-with-pictures/
Indicator Basics are also here !
Indicator Basics
MACD- BUY/SELL SIGNAL
RSI- OVERBOUGHT/OVERSOLD
BOLLINGER BANDS- VOLATILITY LEVELS
9 EMA- SHORT TERM TREND
21 EMA- ENTRY/EXIT POINTS
50 EMA- PLACE STOP LOSS
200 EMA- LONG TERM TREND
VWAP- INTRADAY BREAKOUTS
ADX- STRENGTH OF THE TREND
submitted by lazymentors to Daytrading [link] [comments]

Top Strategies that I Kno & Indicator Basics

• PRICE ACTION TRADING
RANGE TRADING STRATEGY
TREND TRADING STRATEGY
POSITION TRADING
DAY TRADING STRATEGY
Indicator Basics
MACD- BUY/SELL SIGNAL
RSI- OVERBOUGHT/OVERSOLD
BOLLINGER BANDS- VOLATILITY LEVELS
9 EMA- SHORT TERM TREND
21 EMA- ENTRY/EXIT POINTS
50 EMA- PLACE STOP LOSS
200 EMA- LONG TERM TREND
VWAP- INTRADAY BREAKOUTS
ADX- STRENGTH OF THE TREND
Price Action Trading :- This type of trading strategy involves the study of historical prices to formulate technical trading strategies. It is used by retail traders, speculators, arbitrageurs and trading firms who employ traders.
Range Trading Startegy :- This strategy works well in market without significant volatility and no discernible trend. Technical analysis is the primary tool used with this strategy. Markets trends about 30% of the time which means the other 70% is a trading range.
Trend Trading Startegy :- Trend trading attempts to yield positive returns by exploiting markets directional momentum.
Position Trading :- This is a long-term strategy primarily focused on fundamental factors.This strategy can be employed on all markets from stocks to forex.
Day Trading Startegy :- This is a strategy made to trade financial instruments within the same trading day. Its one of the most famous trading strategies.
Source :- https://jaskaransaini.com/forex-trading-tips-with-pictures/?_gl=1%2Aks9kf3%2A_ga%2AYW1wLVNDZWZTcnlrbXdONGJ3UlBFSUVfWWc.
Above article include trading strategy with pictures , please if you know another strategy. Please tell that in comments and make me know !
submitted by lazymentors to options [link] [comments]

Day #2 of my Forex Journey

Real quick before I get into my next steps of my FX Journey, id like to say thank you to all the people who commented on my last post! All of the tips I got were really eye-opening and introduced me to different parts of FX trading that I didn't even know existed. So thank you so much, and I hope to get more interesting feedback from you guys in the future! Also Im going to probably change my writing frequency from daily to biweekly. I think writing about every little trade is not going to be as beneficial to me as writing about my overall progress at certain points throughout the week.
I started this trading day out by learning up on order flow. A whole bunch of you guys suggested really interesting youtubers to watch, and I started with Mr. pip's series on order flow. After I finished up watching a few of his videos, I started to tweak my trading plan so that I could get in some chart time. I changed currency pair from EUUSD to the AUD/USD, the time frame from the 4 hour to the 1 hour, and my indicators from RSI, Stochastic, 2 SMAs and ADX to ATR, RSI, and Ichimoku Kinko Hyo. I also added a little fundamental analysis in my trading plan because I think that I am being far too reliant on my indicators. I planned to check the economic calendar and determine the general trend of the currency pairs that are strongly correlated to the AUD/USD before I began my chart analysis. In addition to all of my analysis, I tried to practice using the techniques I learned in Mr. Pip's videos and analyze the order flow of the chart. Even if my analysis of order flow is wrong, as long as I am getting practice I am learning.
Eventhough I planned to use today to back-test indicators and find a solid new plan, I did not have enough time. I ended up getting on my demo account really late in the day, and started to force myself to enter a trade. Destructive habits like this could lead into some massive issues when I eventually get into live trading. To combat this harmful attitude specifically, I will restrict myself to trading on certain parts of the day (for example session overlaps, news releases, and earlier in the day). Despite this mistake I still continued with my trading strategy. I calculated all the currency correlations for AUS/USD using the past weeks economic data, and set my indicators in place. After checking the overall trend of the most strongly correlated pairs (Positive: EUUSD, GPB/USD, Negative: USD/CAD, USD/JPY) I started to analyze the order flow. All the correlated currencies, except for EUUSD, indicated that the AUD/USD would fall, while my order flow analysis indicated the opposite. Seeing as though I am extremely new to order flow, I dismissed this analysis, and ended up forcing a trade on the AUD/USD going short when my indicators seemed to line up correctly. I learned from last time that I should not alter or close my trade purely based on emotion, and to just wait till the market hits my stop loss or take profit. I included a trailing stop loss of 60 pips this time, but I have no evidence to base that number range on. The trade is currently open and I am down about 30 pips.
Although I am not labeling this trade as a loser yet, I can definitely see a lot of holes in my trading strategy. The most obvious mistake in my eyes right now is my use of indicators. Currently all my trades are purely based on what my indicators say, and since I do not have any back-tested data to support the credibility of my indicators, it feels a lot like strategic gambling. Another issue is that I feel far too reliant on indicators alone. I think that if I can find ways to include various types of analysis efficiently and evenly in my trading plan I will become a much more skillful and well-rounded trader. In order to combat these two issues I will begin forming various types of trading strategies this weekend and back-test them all extensively. I also plan on researching more on price action, order flow, and Naked Forex.
Once again any and all feedback is welcome. I am just beginning Forex, but it had been a huge passion of mine and I don't plan on stopping anytime soon.
submitted by Aman-1127 to Forex [link] [comments]

GBP/USD POTENTIAL +3.4% UPSIDE

THE BRITISH POUND SURGES FROM THE ASHES WITH A BULL MARUBUZO, AFTER A DOJI DRAGONFLY CANDLESTICK, ON THE BACK OF STRONGER THAN EXPECTED CPI DATA, SIGNAL THAT UK CONSUMERS HAVE BEEN SPENDING, WHILE THE POSSIBILITY OF THE UK ECONOMY REBOUNDING DECENTLY, GIVEN ALSO THE POTENTIAL AVAILABILITY OF A UK MADE VACCINE READY TO BE DEPLOYED IN WINTER Q4.THE GBP/USD CHART HINTS TO FEW TECHNICAL POINTS THAT SUPPORT THE BUY SIGNAL IN THE BRITISH POUND: THE RSI(14) OSCILLATOR MOVES HIGHER ON A DOUBLE BOTTOM PATTERN, THE ICHIMOKU TENKAN LINE PROVIDES SUPPORT, WHILE ALSO HAVING MOVED THROUGH THE IKH KIJUN LINE AS A BUY SIGNAL, FURTHERMORE CLEARING OFF THE GBP/USD 1.2698 200 DAYS MOVING AVERAGE CAN EVENTUALLY GIVE A CONSISTENT BUY SIGNAL WITH CONCRETE MARKET POSSIBILITY OF CABLE MOVING TOWARD GBP/USD 1.30 IN A +3.0%.HAVING SAID THAT, WORTH TO NOTICE THAT IN THE LONGER TERM, A PERMANENT BUY SIGNAL FOR THE POUND WOULD REQUIRE A FLOOR EXCHANGE RATE OF GBP/USD 1.40 AND ABOVE, THEREOF A SHORT TERM UPSIDE MOVE +3.0% TO GBP/USD 1.30 DOES NOT PROVIDE A LONGER HORIZON FORECAST; IN SO A CONSISTENT CHANGE IN THE BRITISH WILL REQUIRE AN OVERALL LONGER TERM CHANGE IN MARKET POSITIONING AMONG ASSETS MANAGERS/INSTITUTIONAL INVESTORS AND LEVERAGED FUND THAT HAVE HEAVILY SKEWED POSITION SHORT ON GBP/USD. IN FACT FOR AN OVERALL 105 MOST RELEVANT FOREX MARKETS INVESTORS, 57 BETWEEN ASSETS MANAGERS/INSTITUTIONAL AND LEVERAGE FUNDS ARE CONSISTENTLY SHORT ON THE BRITISH POUND FOR AN OVERALL 128,805 CONTRACTS IN A TOTAL 180,969 CONTRACTS.

Technical Indicators

NameValueAction
RSI(14)60.081Buy
STOCH(9,6)76.362Buy
STOCHRSI(14)99.545Overbought
MACD(12,26)0.005Buy
ADX(14)25.732Neutral
Williams %R-6.794Overbought
CCI(14)101.9183Buy
ATR(14)0.0104Less Volatility
Highs/Lows(14)0.0092Buy
Ultimate Oscillator56.632Buy
ROC1.808Buy
Bull/Bear Power(13)0.0109Buy
Buy: 8 Sell: 0 Neutral: 1
Summary:STRONG BUY

Moving Averages

PeriodSimpleExponential
MA51.2595
Buy
1.2588
Buy
MA101.2557
Buy
1.2556
Buy
MA201.2484
Buy
1.2524
Buy
MA501.2442
Buy
1.2476
Buy
MA1001.2426
Buy
1.2522
Buy
MA2001.2704
Sell
1.2605
Buy
Buy: Sell:
Summary:BUY

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some helphul common terms for forex traders

Common terms:

submitted by livmarsh1992- to u/livmarsh1992- [link] [comments]

Tried to make a living out of Forex...Broke the account in the second month.

So, a few months back I saved some money and decided that I would be able to make a living out of forex making 12.5% per week, that was 2.5% per day from monday to friday.
I had been in the Forex for six month in that time, with only $100 dollars account, and I had broke my account twice (One for not putting Stop-Loss and the other for not controlling my loss in revenge anger) But in the end I managed to make three months in a row making about 40-50% per month, and that was to me the sign that I had figured Forex.
I used a combination of MACD, RSI, ADX. And always kept the lookout for the candlestick patterns, I also used Bollinger bands, but I never really checked them. My main Indicator though was the MACD, the rest was the confirmation I required. I negotiated only EURUSD and I worked with a 1:100 margin using a policy to hold 2,5% SL if I wasn't cofindent in the play but the indicators were saying I should go, and 5% if I was confident and the Indicators confirmed. I've made arrangements in my job and I saved enough money to live the way I am for one year and to put $2.000 in my Forex Account. My plan was to only start taking money out of the account after six months of gains.
I quit my job in June, and 4th of July I started trading. First month I did well and got 50% even before the second week of the month, in the end of July I had $3.475,68 in my account. My confidence was high as was my spirit, everybody I talked too I would say how I found way to do something I loved and if I could keep my goals I would be a millionaire in less than five years; To everyone saying It was very risky I showed my gains from the first month and said I knew what I was doing.
And then August came. First week of August I had three losses in a row, amounting to $400, and so I decided to take a quick break. One week reading and searching for what was wrong. When I cameback I had in me belief that I was going to make a good position on EURUSD. I don't know what I was thinking but I opened a position and I spike on the otherway around made me shiver so I moved the SL, believing it would eventually go the way I was planning; That day I went to bed and woke up with $1.000 less in my account, I was back to my starting $2.000 pretty much.
What followed this week was the worst series of trade I ever did, each one pushing to lose even more. First I did a series of trades that downed me to $1.500, than I did a big trade that put me at $800, I managed to land a very good trade that took me all the way back to $1.400 and trying to duplicate the miracle I lost $800 in one single trade. Yesterday I lost $500 and right now I have $72 in my account.
I don't know what I was thinking, I completely lost any of the things that made my set-up work, and now I've lost any chance to go back to where I started. I was overconfident and angry, and I know I have only myself to blame. I just needed to vent it to someone, and the worst part is that I'm ashamed to tell the people I've been bragging about the past month, to admit that I was not only wrong, but I lost everything on it as well. Guess I'l have to go back looking for a job and just suck it up.
Thank you for reading all this way, and sorry for any grammar mistakes, I'm actually from Brazil and my english is not that good.
submitted by LooserLooser to Forex [link] [comments]

Crypto Radar Feature

The cryptocurrency market is highly volatile with several pumps and dumps in a short span of time. This makes really necessary for the trader to understand the market trend. If the vision gets distracted from the correct focus, the users are likely to lose on trades, which Encrybit do not wish to happen, since the chance to have good returns comes rarely in such a volatile market. In Stock and Forex markets, the Screener Tool is already available to provide you inputs and statistics based on volume and price increase or decrease in certain time frame along with the technical indicator's value.
Encrybit is including Crypto Radar feature into its exchange, which provides the facility for professional and beginner traders to search different tokens and pairs based on their increase and decrease value along with the well known technical indicators like RSI, ADX, MACD, EMA and SMA value in particular time frame.
For example, a user wants to check the movements and changes of the ETH/BTC pair. They just have to jump onto the Crypto Radar tab in the trading platform and search the coin name ETH, provide a pair from either BTC or other cryptocurrencies and give a time frame like 1 hour; after the selection, users will see the current price as result, 1 hour high price, 1 hour low price and changes in price as percentage. By default a user will be able to see all the coins/tokens from the selected pair on selected time frame from the Screener, then they will have the ability to search the coins/tokens of their interest.

cryptocurrencyexchange #stoploss #cryptocurrencytrading #traders #Encrybitcryptocurrencyexchange #future #cryptotradingplatform

For all the information regarding encrybit and how it will provide real time solutions and a top notch platform, kindly visit the official website for details:
https://encrybit.io
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algo development: developing a consistently profitable system?

Been studying/reading/demo trading forex for a number of months now. Is looking for a consistently profitable algorithm like looking for the holy grail?
I have tried some very simple-minded approaches, and they are either not profitable over several months, or in the end I would make as much in one of the months as I would the past year.
My question is, what might such a strategy look like? Is there such a thing as a consistently profitable algorithm?
I am not going into specifics on what I have tried, but am looking for very broad ideas. What I have tried (please forgive me as I am just starting out): basic moving average crossovers, moving average crossovers in conjuction with the ADX indicator, or RSI, or MACD. No combination seems to work that well.
Any recommendations on sets of indicators / approaches to try to build a consistently profitable system?
submitted by newMexicoDingle to Forex [link] [comments]

Adx indicator HOW TO TRADE WITH (ADX) Indicator + Moving Average Forex Trading Strategy ...

The ADX Forex Trading Strategy is based on the forex indicator called the Average Directional Index (ADX). This forex trading strategy requires the following:. Timeframes: use 15mins and above Currency Pair: Any Indcators: ADX & 14 EMA Here’s what you should know about the Average Directional Index Indicator: The ADX indicator is used to measures the strength of a trend and this can be ... Der ADX-Indikator von J. Welles Wilder ist sehr beliebter Indikator.. Viele Tradingstrategien wie Linda Raschkes „Holy Grail“ und Jeff Coopers Day Momentum Method (Deutsche Übersetzung) verwenden den ADX-Indikator, um starke Trends zu erfassen. Daytrading mit dem ADX-Indikator ist jedoch nicht üblich. Free download Indicators, ADX Indicator for Metatrader 4. All Indicators on Forex Strategies Resources are free. Here there is a list of download ADX Average directional movement index mq4) indicators for Metatrader 4 . It easy by attach to the chart for all Metatrader users. Download an indicator. Extract from the file rar or zip. CopyADX Indicator mq4 to Metatrader Directory / experts ... Der ADX (Average Directional Movement Index) soll die Entwicklung der Trendstärke sichtbar machen und wird deshalb bei vielen automatisierten Handelssystemen als Filter für Seitwärtsbewegungen verwendet. Für das Verständnis des ADX ist aber wichtig, dass man versteht, was der ADX leisten kann und was der ADX nicht leisten kann. Man darf auch nicht übersehen, dass der ADX, als einer der ... The ADX indicator is one of my favorite indicators. Today I will show you 9 real examples from my updated currency pair charts how to use ADX in your forex ADX indicator standard setting are 14. In most cases it is better to use standard settings just because majority of traders use them; result - everyone sees the same picture and gets the same signals at the same time. However, with ADX indicator specifically, Forex traders often look for alternative settings. How to Use ADX. When you’re using the ADX indicator, keep an eye on the 20 and 40 as key levels. here’s a little cheat sheet to help you interpret ADX values. ADX Value: Indication: Rising: Strengthening trend : Falling: Weakening trend: Below 20: Weak trend: Between 20 and 40: Strong trend: Above 40: Extreme trend: Take a look at these neat charts we’ve pulled up: In this first example ... ADX steht für Average Directional Index. Der ADX ist ein Trendstärken-Indikator, da er abbildet, wie stark sich ein Trend entwickelt. Er sendet keine Kauf- oder Verkaufssignale. Er bildet demzufolge die Stärke einer Bewegung ab, nicht jedoch die Richtung. Er entfaltet seine volle Kompetenz im Zusammenwirken mit weiteren Indikatoren. Das Erkennen von Markttrends ist seine Stärke, […] Mit dem ADX-Indikator können Sie den Trend, die Trendstärke und die Bandbreite bestimmen. Durch die richtige Anwendung des ADX verbessern Sie Ihre Tradingstrategie. Wo und wie Sie den Average Directional Index im MetaTrader richtig einstellen und ihn interpretieren erfahren Sie hier. So zeigt der ADX beispielsweise durch einen Scan tendierende Märkte an. Er bietet mir eine kurze Übersicht, in die ich hineinzoomen kann, um eine detaillierte Analyse der Price Action durchzuführen. Dieser Artikel wurde im Original von Galen Woods auf seiner Webseite veröffentlich: 6 Top ADX Indicator Trading Strategies

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Adx indicator

This Professional Forex video of ADX indicator that explaining and simplifying how traders can use the adx indicator with full support by Trainer Mr. Muhammad Shahid Memon. If you've ever been ... (ADX) Indicator + Moving Average Forex Trading StrategyTwo EMA + ADXBest Strategy What is the ADX indicator? The Average Directional Index (ADX) Indicator,... All about Trading in Forex and Binary Option Marked. HOW TO TRADE WITH ADX INDICATOR ----- Disclaimer: Videos and other ma...

https://binary-optiontrade.matchbe.gq