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My trade rules !

In the attached chart (Dax Future 12-09-03 - my last trades
of the day) I have indicated my entry and also my exit trade.

I do only a trade when :

1.- ADX and ADXR are both below the green 20/30 line (see nr.
1-2-3) and are both rising above !
2.- The price is above (=LONG), below (=SHORT) the blue EMA
which is 13


When my order is FILLED (always MARKET Order), I place
immediatly a LIMIT order of 11 POINTS MORE for a BUY or LESS
for a SELL.

In trade 2 my limit order was filled with a gain of 11 points.

In trade 1 and 3, my limit order was NOT FILLED (No 11 POINTS)
but I went out of the market because ADX crossed ADXR DOWN
see the 3 cirkles (MARKET ORDER) and I cancelled my LIMIT order.
---------------------------------------------------------


Using of moving averages ?

I use in the price chart 3 EMA's

1.- GREEN = 5 EMA (LIPS)
2.- RED = 8 EMA (TEETH)
3.- BLUE = 13 EMA (JAW)

It is the ALLIGATOR SYSTEM of Bill Williams
(see also his book "NEW TRADING DIMENSIONS"

In the indicator under the price chart, there I use
a YELLOW =10 EMA and a DARK BLUE = 34 EMA with above
a ADX(8) and ADXR(8), that is correct.
I use that only for the CONFIRMATION !!!!
-------------------------------------------------
WarEagle,


The 3 horizontal lines in the ADX/ADXR indicator are set on :

20 - 30 - 40, but they are overlayed on the +DMI and -DMI
and the scale you see in the indicator (right) is the scale of the
yellow +DMI, that is not my fault, that is so with Metastock.
(you don't see the scale of -DMI and ADX and ADXR).

Now for the first trade (Nr. 1) you see that the ADXR is FLAT
between 16.30 and 16.37, I take the trade when both ADX and
ADXR are rising UP under the green 20 line and even the yellow +DMI is rising UP at 16.40

The second trade is for me a good trade because at 17.11
both ADX and ADXR are rising UP under the green 20 line, even the yellow +DMI is rising UP., also trade 3 is a good one both ADX and ADXR are UP under the green 30 line and the red -DMI is rising

I trade the DAX only till 18.00 PM, so I didn't take the trade
at 18.07 (all European bourse are closed at that time except
Frankfurt !!!!), but I must say that 18.07 is for me not a good trade because ADX was near ¨(NOT UNDER) the 20 line and rising UP at 18.02 but not the ADXR he was descending and the most important of all, he was not under the green 20 line before 18.07 !!!

IMPORTANT FOR A GOOD TRADE !!!!

ADX and ADXR must BOTH UNDER the green 20 line, see trade 1 and 2 (or green 30 line - see trade 3) AND BOTH RISING UP !!!!
and in the price chart the candle MUST CLOSE ABOVE (LONG) or UNDER (SHORT) the BLUE 13 EMA !!!!!
 
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