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Gold
The professional trader takes his trade signal from price and correct use of the indicator will make profits.
Learn to read price; then follow price for profits. The pivots and trendlines say it all. Trend Master Series Chapter 6 in the book ADXcellence gives this lesson on expansion and contraction - momentum and no momentum. ADX helps us be in for the best moves and stay out of chop. This weekly chart of mini gold futures shows ADX/ DMI all under 25%. Don't commit until you have a clear and present price signal.
In the recent webinar Dr. Schaap presented, we were asked repeatedly about time frames. Time frames are personal and based upon experience level. What we teach always applies. Click here for a lower time frame chart, this 60 minute swing trade on a the mini gold futures contract. Rising ADX/ +DMI still lead you in the right direction, any time frame.
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