Charles Schaap – ADX To Trade Breakouts

Charles Schaap – ADX To Trade Breakouts

Course Detail

Salepage: Charles Schaap – ADX To Trade Breakouts

Product Description

ADX quantifies trend strength and is a powerful indicator for timing futures trades. ADX works great for intraday trades on the mini-sized Dow and can also be used for swing trades on a daily timeframe. Learn when to buy breakouts and when to wait for pullbacks. Know when to stay out of market chop.

Learn how to pinpoint low risk entries, stay in profitable trades, and take profits at the right time. Key strategies will be presented with setups, triggers, and stop management. Dr. Schaap will cover major concepts of DMI dominance and ADX relative strength. Sponsored by Alaron

Key patterns and strategies to be discussed

ADXodus

ADXtender

ADXplosive

ADXhaustion

About the Speaker

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

More From : Forex & Trading