The ADX indicator has always been a eye sore for me. I thought it was time to clean it up a bit. While its been around for a long time, it never really seems to get better. The new releases I keep seeing are just more lines and more zigzags etc. So this is my take on the ADX which I call "The ADX DeFi (Adx Defiance)" I dont want to know that the momentum is...
Upon color change of MA line, wait for first bar to close to confirm color change. Enter on 2nd color change bar on MA after cross in DMI or if DI+ or DI- is above 25 or ADX is going higher or is above 25. Set TP at 1 ATR ( I set a bit below ATR to ensure I hit my TP) SL is either a bit below previous swing high or swing low. Think I might do stop loss 1 ATR away...
Its on a sell spree and talkin the market along with it. Hopefully we see a reversal soon. For now its looking bearish!! Hit like & follow guys ;)
64% success rate for backtesting ADX/DMI + Linear Regression Channel on EUR/USD for week of 1/9/2023. Had some losses near the end but was getting sloppy with my trading rules. Need more backtesting and trial and error to get my rules ironed out.
I used the replay trade function to test out ADX+DMI + using a LineReg to set TP + SL areas. I thinked it worked pretty well trading USD/JPY for the week of 1/9/2023. Success rate was 66.67% but I wasn't having strict trading rules since I was trying to trade how a normal would psychologically. I think with follows stricter rules this could have higher percent win...
Was right for a split second then trended upward and stopped me out. Maybe I should have weighed the ADX indicating a strong trend.? Idk LMK what yall think I could have done better here.
I think it will try for another big move, dont miss it this time ;)
Lets see if it hits the target today!!! All the best
Got word today that $AAVE was trading 10% higher than reflected of recent low. Well DUH! THats why its called a "LOW". WHy not talk about it when it reached 2% or 7%? The problem i had with this editorial i read through was they completely failed to mention the almost 200% decrease in price. Half of which took place in just the last 10 days. I mean if youre...
I know it is boring, but trying to analyze which way this is headed. Of course tough to tell here, but I still lean to the upside with 43k a target on this bull zone. However, if wrong I will likely breakeven or a small loss and in a boring whipsaw consolidation that is not too bad. Fibo
Hello Crypto Lovers, Mars Signals team wishes you high profits. We are in the daily time frame. There is the R1 line which is a resistance line. You can see the price accumulation below that line. If the line is broken, the price can go up to R2 and then R3. It is also possible for the price to come down to the S1 zone and then go up to the R2 zone after...
watch the close.. a 3rd consecutive close on the 12hour above the 55-EMA is a bullish "buy the dip" signal
Breaking the 61.8% Fibonacci level to the downside as bears gain some near-term trend strength. Hope this helps! FiboSwanny
Fibonacci patterns of support are holding this market as a bullish pattern. The internal momentum is weak and not being applied to any direction, so I am watching the near-term support and resistance i laid out on the chart as points of interest moving forward. Happy Trading!
Price is dipping lower as expected. We talked about the dip happening on our youtube show, and so far buying interest interest is coming in on dips. I laid out areas of support on the chart around the Fib level and the area on the RSI. Low trend momentum should keep us inside the trading zone of 3800ish to 4100ish. Happy trading!
Momentum still favoring the bulls post-break of the red trend line. Look for 1300-1400 target over the next day or two. Not financial advice, but I am liking it in here and adding to my already long position. Thoughts?
Bullish signals coming from the RSI and the ADX, but the only thing lacking is volume. Cautiously optimistic, but staying long. Have a good weekend!