Adxcellence

ADXcellence is a trend trading system developed by Dr. Charles B. Schaap and based on the ADXD/DMI indicator which measures trend strength, direction, and momentum.  The six trading setups described in ADXcellence are intended to take advantage of the strongest trends (quantified by ADX), thereby minimizing risk and achieving greater profits in a shorter period of time.

Section One of ADXcellence covers the ADX and DMI indicators. The ADX indicator was originally developed by Welles Wilder in 1987, but Dr. Schaap takes the indicator to a new level of understanding and interpretation.  The book also introduces new concepts, such as DMI Dominance, an essential key to understanding whether the buyers or sellers are in control. Dr. Schaap also describes the two new trade triggers which he developed for ADX/DMI.  

Section Two of the book covers the principles of trading Power Trends, including a review of trend structure and price patterns. There are important sections on trend momentum and volatility patterns as seen with the ADX/DMI i ndicator.

Section Three presentsfour, single timeframe strategies, while Section Four adds two additional strategies which are dual-timeframe based. Combining two timeframes is one way that traders can exploit Power Trends and capture big profits. There are numerous chart examples of each type of trade, and each trade is defined with specific criteria for entry.