ADX: The Trend Strength Indicator - Investopedia

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.
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Learn Forex - Average Directional Index - ADX ADX Trend Trading Forex Strategy 👍 - YouTube how to best ADX And Stochastics forex trading strategies 2018 HOW TO TRADE WITH Forex Trading the ADX Indicator - YouTube how to use adx indicator for day tradingbest moving averages forex trading strategies ADX Indicator Video Tutorial - YouTube

Just read your very interesting article on correct use of ADX indicator. Would you please advice if the chart background coloring (based on ADX increase / decrease) indicator is available for public use. If so, is that something you would be prepared to issue to my email? Thanks in anticipation. Thanks also for a very enlightening article. Kind regards, Reply. Galen Woods says. February 26 ... Many traders will use ADX readings above 25 to suggest that the trend is strong enough for trend-trading strategies. Conversely, when ADX is below 25, many will avoid trend-trading strategies. How to use ADX in forex. ADX Indicator was a reliable tool to trade the Forex Market. In the past, currencies were trending healthy, and for a long time. In the last year, the Forex Market is less volatile, and the trend follower strategies work poorly. To use the ADX indicator in the Forex Market, you have to develop a strategy that uses the ... J. Wells Wilder developed the indicator. Moreover, he also developed other very popular technical indicators such as RSI, ATR, parabolic SAR indicators, etc. Traders can use ADX indicator to almost all trading assets, including stocks, forex, mutual funds, and futures contracts. This article will help you to understand how ADX indicator works. Beside the ADX crossover strategy which is based on the crosses of +DI and -DI, traders can also use the ADX indicator to supplement other trading strategies. For example, you might want to use a trend-following strategy when ADX shows a strong trend (value above 25), or a trading strategy that is more suited for ranging markets in times when the ADX shows an absence of trends (value below 25). 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 ... ADX Strategy – How to Use the ADX in Forex Trading; ADX Strategy – How to Use the ADX in Forex Trading . This is the second article in our ADX series. If you haven’t already we suggest that your check out the first article about the ADX Indicator. In that article, we covered the history of the “Average Directional Movement Index”, or “ADX”, indicator, how it is calculated, and ...

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Learn Forex - Average Directional Index - ADX

Great video explaining and simplifying how traders can use the ADX Indicator. Trend trading with the ADX. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE Average... All about Trading in Forex and Binary Option Marked. HOW TO TRADE WITH ADX INDICATOR ----- Disclaimer: Videos and other ma... 10 videos Play all Forex Indicators Trade It Simple MACD Indicator Secrets: 3 Powerful Strategies to Profit in Bull & Bear Markets - Duration: 23:13. Rayner Teo 884,228 views 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 ... 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 ... 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...

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