World Surveillance Group Inc (fka WSGI)

[lowtrade]

msmag
Here's the DMI daytrader chart eval is said I'd do.

Remember the indicators are longer term and not designed to pick a daytrade. Because of that I use DMI and RSI to determine a reversal. Not a DMI - / DMI + crossover.

No matter which DMI is on top, if a change is coming the DMI trend and RSI trend will go opposite directions and the ADX should remain high to confirm. If the DMI divergence and ADX is tight, this will not work.

At any rate look at the chart, maybe you will see what I'm talking about. This is a home brewed quick pattern, I noticed a while ago, which has worked many times, when I use to pull the trigger, without targets in mind!

But if you look at 11:10 the top DMI - & RSI go in different directions , because the - is going up stronger, the PPs is going to change down. At 11:40 you'll see the DMI - & RSI change direction again, but this time the - is going down weaker, the PPs is going to change up.

If the DMI + was on top the opposite would hold true.

Nutshell; Top DMI & RSI opposite directions = change, ADX high confirms.

success!