ADXcellence: Power Trend Strategies is the definitive and only complete work on the subject. Shows specific trading strategies including how to find attractive trading opportunities, enter and exit trades. A one-of-a-kind masterpiece that no serious technical trader of stock or futures should be without.
The book is constructed into four sections. Section One is an in depth look at both ADX and DMI. I will present new concepts and terminology to help the trader understand and interpret trading signals. For anyone familiar with ADX, you will find I have greatly expanded on the traditional concepts.
Section Two will cover essential material for understanding how ADX/DMI is applied in the context of basic technical analysis. ADX is a trend indicator, and trend structure is a key to finding the best trading signals. I will also discuss ADX/DMI momentum, and volatility.
In Section Three, I present my power trend principles and trading signals used with ADX/DMI strategies. I detail four basic strategies for trading breakouts and trend continuation patterns. Finally, in Section Four, I integrate the power trend strategies in the context of multiple timeframes. There are two more excellent strategies given to take advantage of dual timeframes.
All of the strategies use price and ADX/DMI to find low risk, high probability entries into trending stocks. Numerous chart examples will be given for the trader to study. ADX/DMI applies to all types of markets, and though the book will make reference to mainly stocks, the same principles apply to options, futures, commodities, and currencies.
In each chapter, I highlight my ADX and DMI trading rules. The rules represent anchor points for understanding and using ADX/DMI, but they are guidelines only. The trader must always trade on price first, and indicators second. The rules are a handy shortcut to the key concepts and important information.
- POWER TREND INDICATORS
- POWER TREND PRINCIPLES
- POWER TREND STRATEGIES
- THE POWER OF TIME