I am a day trader
I use ADX as a filter to determinate the market type
but overnight gap will have a great impact on the ADX
I wanna eliminate the impact
is there any way ?
thank you
compared to the shanghai composite index,
HSI moves with low volatility
in the whole day,the range is not more than 1% percent
http://finance.sina.com.cn/realstock/company/sh000001/nc.shtml
trend is our friend
I find it is easier to grasp profits for trend following system
for me counter trend system can not grasp much profit as the
trend follwing system
I noticed that the trend of intraday has much relationship
with the first 15 minutes bar' range
if the price can not breakout the range ,the price will
sideways in the range .
but I could not find much proof about my view
I hope someone will point out wether I am right or wrong...