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ADX/ DMI and Futures Trading
Learn Trend Dynamics
Dr. Schaap teaches trend dynamics for the best profits. ADX, the trend indicator gives signals that help us have the best strategy. We can see that price was rising on weakening momentum (green arrows) and this lesson is in Chapter 6 of ADXcellence, Get the book, be ADXcellent! "ADXcellence:Power Trend Strategies"
This is the daily chart of the Ten Year Treasury Note showing an up trend on weakening momentum (Chapter 6, ADXcellence), and a down trend (-ADX peak >25% shows strength to the down side). This is a daily down trend but on the weekly chart it is a pullback. The variable pivot highs and lows will be volatile swings intraday until the trend decides on a direction. The three pivot reversal high indicates that prices may be headed lower, correlating with higher interest rates.
Bonds down, interest rates up. I want high interest on my savings and low interest on my borrowing - what's a girl to do? Look at this -> chart of the Ten Year Treasury Yield Index (which is the inverse of the note price).
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