This chart of Great Xpectations™ NTCT  has an ADXcellent example of how ADX/ DMI can give you confidence in your position. Once there is the +DMI crossover high, Postive DM remains dominant and ADX > 25 - this is all covered in the book ADXcellence. Don't just trade, make money!  ADX>25 and +DMI dominance is a way to hold for gains.

How Does It Work? 

In his book, ADXcellence, Dr. Schaap presents new concepts for using ADX/DMI for trading the strongest trends (power trends). The book gives six well-defined strategies with detailed setups for trading power trends. Why use ADX? ADX tells us when the trend is strong and worth trading; it also tells us when the trend is too weak. The DMI lines give us a simple way to know when to be long and when to be short.

Is ADXcellence for Me?     Read Book Reviews. Click Here

ADX is a indicator found on most charting programs, and it is used by many professional traders. Dr. Schaap’s book presents the material in an easy to understand way, and beginners can also learn the material quickly. Advanced traders will find ADXcellence™ to be a great addition to their trading toolbox. It can be used as a stand alone system or combine with other approaches. ADXcellence™ works well for stocks, options, futures, and currencies.

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