The Secret To Using ADX Indicator - Trading Setups Review

Tried to make a living out of Forex...Broke the account in the second month.

So, a few months back I saved some money and decided that I would be able to make a living out of forex making 12.5% per week, that was 2.5% per day from monday to friday.
I had been in the Forex for six month in that time, with only $100 dollars account, and I had broke my account twice (One for not putting Stop-Loss and the other for not controlling my loss in revenge anger) But in the end I managed to make three months in a row making about 40-50% per month, and that was to me the sign that I had figured Forex.
I used a combination of MACD, RSI, ADX. And always kept the lookout for the candlestick patterns, I also used Bollinger bands, but I never really checked them. My main Indicator though was the MACD, the rest was the confirmation I required. I negotiated only EURUSD and I worked with a 1:100 margin using a policy to hold 2,5% SL if I wasn't cofindent in the play but the indicators were saying I should go, and 5% if I was confident and the Indicators confirmed. I've made arrangements in my job and I saved enough money to live the way I am for one year and to put $2.000 in my Forex Account. My plan was to only start taking money out of the account after six months of gains.
I quit my job in June, and 4th of July I started trading. First month I did well and got 50% even before the second week of the month, in the end of July I had $3.475,68 in my account. My confidence was high as was my spirit, everybody I talked too I would say how I found way to do something I loved and if I could keep my goals I would be a millionaire in less than five years; To everyone saying It was very risky I showed my gains from the first month and said I knew what I was doing.
And then August came. First week of August I had three losses in a row, amounting to $400, and so I decided to take a quick break. One week reading and searching for what was wrong. When I cameback I had in me belief that I was going to make a good position on EURUSD. I don't know what I was thinking but I opened a position and I spike on the otherway around made me shiver so I moved the SL, believing it would eventually go the way I was planning; That day I went to bed and woke up with $1.000 less in my account, I was back to my starting $2.000 pretty much.
What followed this week was the worst series of trade I ever did, each one pushing to lose even more. First I did a series of trades that downed me to $1.500, than I did a big trade that put me at $800, I managed to land a very good trade that took me all the way back to $1.400 and trying to duplicate the miracle I lost $800 in one single trade. Yesterday I lost $500 and right now I have $72 in my account.
I don't know what I was thinking, I completely lost any of the things that made my set-up work, and now I've lost any chance to go back to where I started. I was overconfident and angry, and I know I have only myself to blame. I just needed to vent it to someone, and the worst part is that I'm ashamed to tell the people I've been bragging about the past month, to admit that I was not only wrong, but I lost everything on it as well. Guess I'l have to go back looking for a job and just suck it up.
Thank you for reading all this way, and sorry for any grammar mistakes, I'm actually from Brazil and my english is not that good.
submitted by LooserLooser to Forex [link] [comments]

HOW TO TRADE WITH ADX DMI Day Trading Strategy  How To Use The ADX Indicator how to best ADX And Stochastics forex trading strategies 2018 Forex Trading the ADX Indicator - YouTube how to use adx indicator for day tradingbest moving averages forex trading strategies

How To Trade With ADX DMI Indicator – Signals and Trading Strategies ... Forex Trading Strategy: How to Use ADX for Scalping and Day Trading Scalping with the ADX indicator could be a good choice for the traders that enjoy lower timeframes. In order to be profitable with scalping and day trading, you need in the first place to determine the main trend, or at least the main trend on the ... False signals can occur, but the positive signals are consistent enough to give a forex trader an “edge”. Skill in interpreting and understanding ADX signals is developed over time. In the next article on the ADX indicator, we will put all of this information together to illustrate a simple trading system using this ADX oscillator. Employing the ADX slope to scan for sideways market before looking for Gimmee bars is a good idea for swing traders looking for trade opportunities. ADX Slope is not a well-kept secret. Okay, I must confess. Using ADX slope is not that much of a mystery. (In fact, please be doubtful of any trading secrets, especially those that cost you $3,000 ... The ADX Forex Trading Strategy is based on the forex indicator called the Average Directional Index (ADX). This forex trading strategy requires the following:. Timeframes: use 15mins and above Currency Pair: Any Indcators: ADX & 14 EMA Here’s what you should know about the Average Directional Index Indicator: The ADX indicator is used to measures the strength of a trend and this can be ... To trade forex using ADX Indicator, you must always remember that ADX is a technical indicator that measures the strength of a trend not direction. It’s the directional movement lines (-D and +D) that show trend direction. It was developed by Welles Wilder. He also developed the Average True Range (ATR) and Parabolic SAR and other indicators. We shall discuss these in later lessons. OK. If ... A popular trading strategy to trade on the ADX is based on a crossover of the directional movement lines (+DI and -DI) which was developed directly by the indicator’s creator Mr. Wilder. The trading strategy states that the first condition for a trade setup is that the ADX has a value of 25 of above, which indicates a trending market. Der ADX-Indikator – Das Geheimnis der richtigen Nutzung. Das Geheimnis, das mit der Nutzung des ADX-Indikators verbunden ist, lässt sich mit einem einzigen Wort zusammenfassen: Steigung. Die meisten Trader lernen, das der ADX ein leistungsfähiger Indikator ist, der Auskunft darüber gibt, ob ein Markt tendiert.Die übliche Interpretation besagt:

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HOW TO TRADE WITH "ADX" INDICATOR - YouTube

how to use adx indicator for day tradingbest moving averages forex trading strategies ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range ... Watch our video to learn how to correctly analyze ADX signals, how to analyze the market by taking into account the Average Directional Movement (ADX) indica... Forex Trading the ADX Indicator: How to Avoid False Signals and Trade the Profitable Ones. http://www.topdogtrading.net/youtube-organic-forex Sometimes the s... how to best ADX And Stochastics forex trading strategies 2018 Welcome Friends to 's Biggest Technical Analysis Youtube Channel Our Dream is to make you an Expert in Trading any Market, be it ... All about Trading in Forex and Binary Option Marked. HOW TO TRADE WITH ADX INDICATOR ----- Disclaimer: Videos and other ma...

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