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b,
I am a student of Chuck LeBeau's. To read up on the use of the ADX as a trigger for the beginning of a trend, go to http://traderclub.com/cgi-bin/discus/show.cgi?107/107 and read bulletins 5 and 6. Admittedly, the ADX has its limitations, but it ain't too bad as an entry trigger for a rising or falling trend, based on my backtesting. Also, in my post, I said I try to avoid use of indicators as much as possible. I didn't say entirely exclude all of them. Keep in mind, I'm a trend-following advocate, not a counter-trend, short term trader. You don't need a lot of indicators to get you in and out when you are looking for long term trends. With shorter term systems, your reliance on indicators becomes more critical, I think. But, I'm willing to change my views if I can be convinced otherwise. Al Venosa
>From: "b519b"
>Reply-To: amibroker@xxxxxxxxxxxxxxx
>To: amibroker@xxxxxxxxxxxxxxx
>Subject: [amibroker] Re: QQQ Individual Analysis
>Date: Mon, 24 Jun 2002 03:14:53 -0000
>
>--- In amibroker@xxxx, "Avcinci" wrote:
>...I try to avoid use of indicators as much as possible, ... I like
>ADX as a trigger for the beginning of a trend. I can go into a long
>explanation as to why, but that would be counterproductive on this
>board.
>**************
>
>Now you have made me curious. Could you give a condensed
>explanation, or point me towards material that does? Also, why the
>exception for the ADX?
>
>b
>
>
>
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