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In a message dated 6/29/00 7:10:50 PM Pacific Daylight Time, MRLYNNG@xxxxxxx
writes:
<< *********************
Chuck, Andy & OM:
So how do you recognize that it is a trending market early enough to avoid a
losing trade? ADX is usually too slow.
Lynn
>>
No system can avoid all losses. The ADX rising would mean that you should
not be trading counter-trend. Could be a loss or two in the meantime.
Better have good exits and risk control (but that advice would apply to any
methodology).
If you need speed, there must be methods of defining trends other than the
ADX. (It just happens to be my favorite.)
Chuck LeBeau
traderclub.com
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