Hey Cush,
Thanks for putting the DMI up. Reading your chart it appear that reading the DM1 (- or +), would have "saved" us (ME?), give or take 850 points approx. Assuming that I would have executed on the signals that were generated.
I am still a neophyte at interpreting the ADX & DM1 (- or +),
The way I see it, (quickly 'cause I have to relinquish this computer sooooooon), ....Buy if the +D1 can cross over the -D1, that in conjunction with the turn down of the ADX (black bold line), indicates a change in the trend is imminent (duhhhh.. just kidding, I think ALL of us (at least on this thread...) know that has already happened either on a gut level or from following the charts on whatever indicator we may use)
I think the ADX comes into its glory as a confirmation to what "we are feeling".
Of course I defer to you Cush that if we can get 2 out of 3 indicators working for us (or 4 out of 3 or whatever), that we play Mr. Market short or long... as long (no pun intended Shack/Shaw) ,<g>, we will do better than okay!
Regards,
Peter |
