What you'll learn
Why the ADX is Crucial to Your Trading Success Rate Enhancement
How to Use ADX to Filter Out the Bullish & Bearish Divergences Identified by the RSI
How to Use ADX to Filter Out the Bullish & Bearish Pullbacks Identified by the Bollinger Bands
How to Use ADX to Filter Out the RSI Upside & Downside Breakout Trades
How to Use ADX to Filter Out the Price Upside & Downside Breakout Trades
Learn the ADX Bull Line & Bear Line Trades to Enter the Market at the Right Time
How to Precisely Time the Full Exit from a Position After a Prolonged Trend Using the ADX
Learn the Dynamics of the Sleeping Giant Trade Setup Using ADX
All the Levels of The Japanese Candlesticks Trading Mastery Program are designed to help you :
Learn How to Trade Stocks, Forex & Commodities Using Candlesticks & Technical Analysis to Become a Professional Trader
This is going to be more like a sequel to level 10 and 11, in a sense that, we are going to build on what we have already learnt in level 10 and 11.
In Level 10, we looked at all the ways of using the Bollinger Bands.
In Level 11, we combined Bollinger Bands, RSI and Candles to generate powerful trade setups.
Now, what if I told you that, there is something called as directional movement, which allows you to identify, whether you should be trading a particular market or not, at that very moment.
And this is extremely powerful.
Before even we apply the Bollinger Bands & RSI to the chart, would it not make sense to figure out if that market is worth trading or not, at that moment?
That's where the directional movement system comes in.
It is also called as the ADX (Average Directional Index).
Hence, this course is going to be a deep dive into the ADX.
The ADX, when you first look at it, looks very complicated.
However, I can tell you from my experience that, there is nothing that is simpler than the ADX.
There is nothing that is easier than the ADX indicator.
I would say, it is easier than RSI, inspite of the fact that the ADX has three lines, and RSI has got only one. I will discuss that in the course.
The mathematics behind the ADX is far more complex than that of the RSI, but the application of the ADX lines are far easier than that of the RSI.
Now, a combination of Bollinger Bands, Candlesticks, RSI and ADX, is a very powerful way to build your own trading system.
So, we will use the Bollinger Bands to identify whether we are getting into a continuation or a reversal trade.
Then we use RSI and Candlesticks to support our view on the market.
And then we will use the ADX, as a filter on the market, to weed out the unwanted markets.
That's the general process we will follow, and we will see multiple chart examples of this.
Here the sub-topics covered in the course: [14 sections]
Introduction
Introduction
Book Recommendations
The Basics
The ADX & DMI Lines
The Market Domination
The Market Takeover
The Overheated Market
The Sleepy Market
The Key ADX Level
Summary of the Basics
Filtering the Bullish Divergences
The Bullish Divergence Foreseen by the ADX
The Importance of the ADX Filter
The W Bottom with ADX Filter
Identifying the Correct Bottom using ADX Filter
The Falling ADX with a Rising Window
Filtering the Bearish Divergences
The Two Hanging Man Candles
The Falling Window Coinciding with a Declining ADX
The Decline of ADX from the Top
The Shooting Star & a Falling Window
The Star at the Top
Filtering the Bullish Pullbacks
The Power of the Simple Moving Average
The Turn of the Upper Band
The Importance of Adapting to Market Conditions
The No-Brainer Trade Setup
Let Go of this 50+ ADX Trade
Filtering the Bearish Pullbacks
A Classic Bearish Pullback Trade
The Falling Window Continuation
The Importance of a Filtering Criteria
Let Go of this 40+ ADX Trade
The Importance of a Correct Stop Level
Filtering the RSI Upside Breakouts
The Small Rising Window Upside Breakout
The High Wave Green Candle Breakout
The Tall Green Real Body
The End of a Downtrend
The Price Confirmation of a Piercing Pattern
Filtering the RSI Downside Breakouts
The Multi-Tested Uptrend
The Death Blow Breakout
The Correct Angle of a Price Trendline
The Tall Red Real Body Candle
The Decisive Candle
Filtering the Price Upside Breakouts
The Simplest of all Trade Setups
The Non-Confirmation from the ADX at a Breakout
A Strong Up Move
The Breakout After a Long Consolidation
The Importance of ADX Strength
Filtering the Price Downside Breakouts
The Shaven Head Shaven Bottom Candle
The Falling ADX at a Downside Breakout
The Rising ADX at a Downside Breakout
The Downside Breakout with a Clear Weakness
The Falling Window Breakout of a Support
The Bull Line Trade with ADX
The Rising Window Confirmed by the Rising ADX
The Strong Bullish Momentum
The Crucial Importance of Few Windows on a Chart
The Rising Momentum
The Decisive Upside Push
The Bear Line Trade with ADX
Following Along with the ADX Strength
The Hidden Trading Opportunity
You Will Miss Some Great Opportunities
Choosing the Correct Falling Window
Riding the ADX
Timing the Exit of a Position
The Logic Behind the Early Full Exit
Respecting the Signal by the ADX
Save Time with the ADX Warning
The Major Trend has Stumbled
The ADX Downtick at the Doji
The Sleeping Giant
Wait for the Trend to Emerge
The ADX Crossing the 20 Level
Exit Using the Candle Patterns
No Signal to Trade
The Correct Positioning of the Stop Loss Level
Learn concepts that apply to any type of trading. If you know how to read one chart, you can read them all. This course through its various levels will help you understand this unique and most primitive technique of trading. The Japanese Candlesticks Trading Mastery Program can be applied in any or all of the following areas of work :
Forex Trading / FX Trading / Currency Trading
Stock Trading
Commodity Trading
Options Trading
Futures Trading
Intraday Trading / Day Trading
Positional Trading
Swing Trading
Technical Analysis of Stocks, Commodities & Currencies
Price Action Trading
Chart Pattern Analysis
Cryptocurrency Trading
Standard Disclaimer : The material presented here is for educational purposes only. Please do your own proper due diligence. There are risks involved in markets. Returns are never guaranteed. The Japanese Candlesticks are a tool, not a trading system. However, they can be used for any timeframe, any asset class (stocks, commodities & currencies) and any financial instrument (spot, futures & options). The principles discussed in this course are applicable to any market in the world, provided the price information is accurate and is coming from a reliable source. This course is not about which broker you should use or how to use your respective broker platform. This course is about educating you on Japanese Candlesticks in detail so that you can apply these principles in your own market and in your own trading style and timeframe. I am not a registered investment advisor with any regulator or institution in the world. I do not provide any buy/sell recommendations. I do not provide any investment tips or trading tips. I do not provide investment advice. All of my content is for educational purposes only. Please do your own due diligence before making any financial decision.
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