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Discussion in 'Complete Trading Education- Forex Military School' started by Administrator, Nov 3, 2011.
Please use this thread for questions, answers, and comments on this lesson.
Just curious, you have not mentioned the use of any indicators to judge a breakout. E.g. ATR? Apart from using divergence.
Also, in terms of interpreting a good strong trend, what are your views of ATR vs ADX? Both seems to give quite different signals.
there will be a chapter, dedicated to volatility and applying such indicators as ATR, Historical Volatility and some others for estimation of possible reversal.
Application of ATR and MACD Hist is here:
Concerning ATR and ADX, personally I do not use them. I prefer to use MACD and 3x3 DMA as thrust identification. While trend develops I keep and eye on MACD hist. to monitor overall momentum.
Besides, ATR and ADX work absolutely different, just take a look at their math. ATR has more common with historical volatility, although it is much simpler.
Thanks Sive - and I hope you did manage to have a bit of a christmas break! cheers
Long but simple lesson...