It works for day trading or swing trading. For swing trading look at a 1 day chart and maybe a 60 minute chart depending on how long you plan on...
Yes, I have noticed it. The main reason I use Realfasttrader.com is because of the PRO software. I like the way it charts ADX/DMI and it executes...
I'm not sure how good this will come out, but here is the chart I use from 9AM-Noon today:
Seems like you're making it alot more complicated than it needs to be. IMO, the easiest way to look at the chart for ADX/DMI is: ADX on top,...
Sorry, but it's your fault for not knowing exactly what positions you have. You never place a 2nd trade without having the broker check for your...
ADX/DMI
You don't know or care? Your the best charter around? This is a forum, people discuss things here whether you like it or not. You might be the...
As far as I'm concerned the DMI is the only indicator you need to be successful.
Wow, I made .16 on 3000 shares ($480 gross) on an impossible trade... not bad. Believe me, I don't fashion myself as a technical master or a...
I'm not quite sure how it works. If you want to see for yourself how it works, go to realfasttrader.com and download their free trading simulator,...
I only look at today's data on my chart. What happened yesterday is not relevant to my trading today. It guess it does just use the last bar at...
I chart the 1 minute and 2 minute chart. I actually went short @ 19.11 first and covered @ 19.09 , then went long @ 19.15 when the pdi/mdi crossed...
Again, I only start charting at the open (9:30AM ET), so it was pretty much the first call of the day, which by the way is generally the best call...
The reason I do DMI "scalping", is because I am right way more than 70% of the time using DMI. Plus many times a DMI trade will shoot right up and...
I pay $7.95 plus ECN fees for anything up to 10,000 shares (I think). I get that rate because I trade alot. I prefer a flat rate to a per share...
I filter out the pre-market data. I start my chart at 9:30 when the market opens. I do not trade pre and post. Generally yes, I enter as ADX...
I use DMI everyday and am profitable far more than 80% of the days, so non-trending markets are not an issue. I don't switch indicators regardless...
The nice thing about the DMI/ADX is that it doesn't matter if other people know about it. The more people that do it, it only serves to make it...
I'll try to answer your questions below, although in a different order than they were asked. I usually only enter when ADX was either even with...
I use Nasdaq futures along with the DMI/ADX to signal changes in market momentum and give me an idea when to bail out on a DMI trade.
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