Trend trading with the ADX. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE Average Directional Index Trend Trading Forex Strategy This strategy involving the average directional index is for getting on the end of trades and I like it. We know that taking trades in the direction of a prevailing strong trend tends to reduce risk while increasing profit potential. What you need for this is an ADX and put on two exponential moving average one of which is a 40-period and the other is a 20-period ema. We are initially looking for a filter to establish trends – most of the times if the ADX is above 30 that is indicating that we are in a trend. Once we see that we’re looking for price to come back and touch the 20 period EMA and then we go long (if we’re in an uptrend). The good thing about this trading strategy is that our stop loss is at the 40 period moving average so its a very defined strategy.
Using The ADX Indicator To Find And Trade Forex Trends: https://www.youtube.com/watch?v=vEZ25Ehi_oE