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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: Matthew L. Jones who wrote (39863)11/4/1999 9:34:00 PM
From: Magnatizer  Read Replies (1) | Respond to of 44573
 
Matt and Mary

One indicator I really like to verify a trending market is ADX. If below 30 on whatever time frame one is trading it is likely a range bound market. Also, the 20 exponential ma on a 60 min chart is a good indicator for when to not trade for trend. If the market is "stuck" to this moving average I believe it better to range trade. These are suggestions I picked up from last months TASC and they have worked very well. Unfortunately, I have done a better job at recognizing them than I have trading them.

ht
david