Yeh, yeh, yeh - I'm still here!!!
Ingot54:
Man I appreciate your words - you know - sometimes you just need to hear something positive - especially when you have been starting at screens the whole day and nothing is happening - thanks!!!
I know that the BIG problem here is that this starting to take it's toll on me 'rest' wise i.e. when I was JUST concentrating on the Indices it was simple - up at 06h00 SA time (after a good nights sleep) - do what I had to do and check what I had to check - no problem - but since starting this thread - I'm STILL up at 06h00 BUT I cannot go to bed before 00h00 - as this is when Delta's daily charts get updated and - by the time I've gone through my daily checklist / worksheet for all 44 pairs - and then checked the thread - and then 'just checked one or two other things' - it's about 02h00 when I'm done. Now I know that there are people that actually thrive on 4 hours sleep a night - I'm not one of them!!!
Anyway - enough about my personal problems!!!
Ingot54 - you mention ADX. Have you used ADX? What do you think? The reason I ask this is that I have touched on this before and I just can't for the life of me figure out how it is a help in keeping you out of bad trades and ensure that you take the good ones only (or at least the ones with the highest probablility of making a profit).
As a matter of fact I seem to remember posting some charts demonstrating the problems that I have with ADX i.e. from what I could see it kept you out of some EXTREMELY profitable trades i.e. you would not have opened the position if you were looking to ADX for confirmation AND sometimes it also gave a very clear signal to actually open a position when you should not even have been thinking about taking that particular trade and - from my 'scrutiny' - this seemed to happen more often than not.
Now strangely enough - as you know - I have the book - and I have read and re-read this section (on ADX and ADXR and DMI) and although it appears to work 'like a charm' in the examples given in the book - I just cannot seem to get it to 'perform' the same way in 'real life'!!! I STILL think that maybe I'm just not understanding it correctly - but believe you me - I have sat for hours going over this chapter - time after time - and then trying to relate it to my live charts - and I just don't seem to get IT!!!
Anyway - if you have some input on this - I'd appreciate it.
Regards,
Dale.
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