AdXodus Long Setup

ADXodus Long Setup
- 1. Price has a consolidation period for at least 30 bars with a price pattern.
- 2. ADX is less than 25 during the consolidation (preferably less than 15).
- 3. Both DMI lines are above ADX prior to the breakout.
- 4. The +DMI makes a crossover high as price breaks the top trendline.
- 5. Price retraces to the 20 EMA and holds (first retracement) while the +DMI makes a pivot low at or near 25.
- 6. Enter long on a price pivot low reversal up.
- 7. Place a stop loss under the pivot low.

Author

jcocrat

ID

277718

Card Set

AdXodus Long Setup

Description

ADX

Updated

2015-12-09T23:16:44Z

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