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Knowing when to be in and when to be out.
You can using ADX / DMI. Learn more with Dr. Schaap
It is not necessary to know everything about technical analysis. Using ADX/DMI gives you something very simple to know - then you practice until you can do it.
In this chart, Great Expectations™ GMCR, as long as there is ADX/ DMI rising, you can be long, as soon as there is a lower high of ADX or DMI, take profits. When ADX<25, simply stay out.
This is a Broadening Pattern formation (click to learn more), but who cares? ADX is <25, so there is nothing to do, money is not committed.
Buy the book now!
Learn everything about ADX, the Average Directional Movement Index
Contact Candy Schaap TraderDoc5050@yahoo.com You can purchase the book from www.stockmarketstore.com or Amazon.com Sign up for the Journal for Excellence in Trading right here.
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