ETF SWING & DAY TRADING

[gloe]

I believe Nocona also uses the ADX hourly and daily chart to determine if a trend has developed. If a trend is in place, he will ride it. He will not close the trade and will not enter a trade in the opposite direction until there is an indication on the ADX (or some other indication?) that the trend has ended. Or is this Chico?

See: http://www.investorshub.com/boards/read_msg.asp?Message_id=9926814&txt2find=adx

http://www.investorshub.com/boards/read_msg.asp?Message_id=9926096&txt2find=adx

http://www.investorshub.com/boards/read_msg.asp?Message_id=9909562&txt2find=adx

http://www.investorshub.com/boards/read_msg.asp?Message_id=9896028&txt2find=adx

One indication that a trend is ending is the dominant DMI line falling below the ADX line, or the ADX flattening out.

Feel free to correct me, anyone.