How to determine the strength of a trend

Originally posted by Whamo
ADX_Trader,

What timeframe do you use to trigger your entries on? 2-min chart was the magic one for me. Still get whipsawed once in a while though but I try to stick to the mornings only for the stronger trends.

Whamo
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Whamo:
I am using 1-min and 5-min charts as well. There are many whipsaws. Which market are you trading?

Yes. I also noticed that different markets have different properties in different time periods.
 
ADX_Trader,

I'm day trading the NQ Emini's. The 1-min for me gave too many quick / false signals and I didn't have the nerve to set a large stop on the 5-min. Plus when the 5 was wrong it was painfully slow to get me out of the trade and sometimes put me back into a position that was soon whipsawed again. The 3-min was a little slower as well for my taste.

Whamo
 
Originally posted by Whamo
ADX_Trader,

I'm day trading the NQ Emini's. The 1-min for me gave too many quick / false signals and I didn't have the nerve to set a large stop on the 5-min. Plus when the 5 was wrong it was painfully slow to get me out of the trade and sometimes put me back into a position that was soon whipsawed again. The 3-min was a little slower as well for my taste.

Whamo
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Whamo:
How many points you are using for the stop?
 
ADX_Trader;

4 point intial stop has been working good. Break of 15 EMA as a trailing stop. Originally had it at a 4 point trailing stop but it was too close.

Whamo
 
Originally posted by Whamo
ADX_Trader;

4 point intial stop has been working good. Break of 15 EMA as a trailing stop. Originally had it at a 4 point trailing stop but it was too close.

Whamo
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Whamo :
4 points may be quite big for me!!!! If your reward/risk ratio is 2:1, then you need to make 8 points to achieve it. Could you do that?
 
Hey Adx...todays a good example of how the MACD will keep
you out of a flat market. From about 10:05 central, on, it's
been dullsville, and the MACD hasn't gone above or below 60.
 

Attachments

Like almost anything on the planet, you can occasionally find Supercharts available on eBay. You can also find TS4 and TS2k. Or pony up for Omega's newest TS6.
 
Originally posted by ADX_trader
Thank Breakout!!!!!!

Is Superchart still available for sale?
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No...at least not in the U.S. Omega stopped selling their
stand-alone software to promote their online version.

I've heard you can still buy a copy in the U.K, and I've
seen copys for sale on ebay, occasionally.
 
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