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It works for day trading or swing trading. For swing trading look at a 1 day chart and maybe a 60 minute chart depending on how long you plan on holding. I showed my Dad how to do it and he has made some nice gains swing trading the ADX/DMI calls. He last bought CSCO at the end of August @...

Yes, I have noticed it. The main reason I use Realfasttrader.com is because of the PRO software. I like the way it charts ADX/DMI and it executes trades very quickly. Check out their free simulator to see what I mean. Anyway, I use Nasdaq futures as a leading indicator, mostly for exiting...

I'm not sure how good this will come out, but here is the chart I use from 9AM-Noon today:

Seems like you're making it alot more complicated than it needs to be. IMO, the easiest way to look at the chart for ADX/DMI is: ADX on top, PDI in middle, MDI at the bottom = buy signal ADX on top, MDI in middle, PDI at the bottom = sell signal It is best to enter just as the ADX crosses...

Sorry, but it's your fault for not knowing exactly what positions you have. You never place a 2nd trade without having the broker check for your original trade. You knew you were filled the 1st time, so you don't place another trade unless you have already had the brokerage firm research it...

ADX/DMI

You don't know or care? Your the best charter around? This is a forum, people discuss things here whether you like it or not. You might be the best trader in the world, but so far you come across pretty arrogant. I know of at least 10 decent prop firms. If you want intelligent answers...

As far as I'm concerned the DMI is the only indicator you need to be successful.

Wow, I made .16 on 3000 shares ($480 gross) on an impossible trade... not bad. Believe me, I don't fashion myself as a technical master or a software programmer. As I said, if you want to question the validity of my statements, download the software and observe it for yourself. All I know is...

I'm not quite sure how it works. If you want to see for yourself how it works, go to realfasttrader.com and download their free trading simulator, which I believe is realtime. Set up the chart to start at 9:30 with DMI indicator study, look at it on Tuesday and you will see it make a call when...

I only look at today's data on my chart. What happened yesterday is not relevant to my trading today. It guess it does just use the last bar at first, because I get calls right from the open. I would post a screen shot but I screwed up my cpu by downloading a paintshop program and now I can't...

I chart the 1 minute and 2 minute chart. I actually went short @ 19.11 first and covered @ 19.09 , then went long @ 19.15 when the pdi/mdi crossed and adx was heading up. You can see I could've gotten in earlier on the long, but I wanted to see that adx was clearly on an uptrend (then my girl...

Again, I only start charting at the open (9:30AM ET), so it was pretty much the first call of the day, which by the way is generally the best call for a larger move.

The reason I do DMI "scalping", is because I am right way more than 70% of the time using DMI. Plus many times a DMI trade will shoot right up and you end up with a far better move. Ex. This morning bought CSCO @ 19.15 at 9:41AM and sold it @ 19.31 at 9:58AM (and I actually got in late and...

I pay $7.95 plus ECN fees for anything up to 10,000 shares (I think). I get that rate because I trade alot. I prefer a flat rate to a per share rate because I vary my trades from 2000 - 5000 shares and would get beat up on most per share deals on the higher share amounts trades. I generally use...

I filter out the pre-market data. I start my chart at 9:30 when the market opens. I do not trade pre and post. Generally yes, I enter as ADX crosses to the upside. I say generally because, I always play the first call of the day as it happens and do the same through about 10:30AM or so...

I use DMI everyday and am profitable far more than 80% of the days, so non-trending markets are not an issue. I don't switch indicators regardless of market conditions. To answer your question, yes it does work for "scalping". The majority of my trades I'm only going for .02 - .04. Choppy...

The nice thing about the DMI/ADX is that it doesn't matter if other people know about it. The more people that do it, it only serves to make it work better. I'm glad everyone is jumping in on this thread. The reason I started it is because this is the only indicator that I have ever found the...

I'll try to answer your questions below, although in a different order than they were asked. I usually only enter when ADX was either even with the other lines or below them and then it breaks out to the upside. If the PDI & MDI lines cross while in a position, I bail out. I generally...

I use Nasdaq futures along with the DMI/ADX to signal changes in market momentum and give me an idea when to bail out on a DMI trade.