ADXodus Short Setup

ADXodus Short Setup
- 1. Price has a consolidation period for at least 30 bars (any timeframe) 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 below the bottom 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 short on a price pivot high reversal (down).
- 7. Place a stop loss above the pivot high.

Author

jcocrat

ID

277719

Card Set

ADXodus Short Setup

Description

ADX

Updated

2015-12-09T23:15:19Z

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