DMI/ADX consistently works

Here is an example from my trade today using a DMI Cross for confirmation for an entry.
My Exit was by a 261% fib line (not shown).
w89x05.jpg
 
Quote from options4me:

Here is an example from my trade today using a DMI Cross for confirmation for an entry.
My Exit was by a 261% fib line (not shown).
w89x05.jpg
More...

From the looks of it, you are only using the crossover for a trigger.

I have a hard time believing this alone can consistantly provide profits. Do you use any other tools?
 
DMI Crossover got whishawed often but I am not sure of the percentage because I am still new to it. Is there a research on internet on the percentage of whipsaw in DMI crossover?
 
I am building a system relying on DMI Cross + ADX >=20 but am not sure abt the exit rule.

How about exit when EMA 3 cross above/below EMA 10?

Comments please

Thx:)
 
Quote from mdl060374:

From the looks of it, you are only using the crossover for a trigger.

I have a hard time believing this alone can consistantly provide profits. Do you use any other tools?
More...
Just used the DMI cross for the confirmation. See the double top, then the trend down?
I looked for the small retrace in Price Action, thats where my second line was drawn at.
Only entered once that line was broken and confirmed with the DMI cross.

Just a tool, nothing more.
 
Quote from cowcool:

I am building a system relying on DMI Cross + ADX >=20 but am not sure abt the exit rule.

How about exit when EMA 3 cross above/below EMA 10?

Comments please

Thx:)
More...
Just use it for an entry.
I would sugguest to exit using the Fib Extentions (161.8 or 261.8)
using your Entry point / Stoploss level as the 0% and 100% points. Exit when the Ext. are hit.
 
Hi nyc-hotshot,

I love your thread and read every single page of the adx/mdi topic you started. Are you still using the adx (dx) setup as you always do? thanks.


camcarchan
 
Funny. I just revisited this thread, because I had interest in it, back in the day.

Not one of the original posters, including the OP, still belong to ET. It seems that most got taken out at some time in 2007-2008, based on the date of their last post.

I think it might tell you something about this method of trading......
 
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