Rajak1981,
In your LECTURE (as you yourself described in your 1st post) on ADX, with lots of qoutes,
it was presumed in case of counter trend entry ADX ,may improve performances.
All of us who are trading ,has in different phase of learning dissected most of the indicators,
it's construction & if used what we can expect from that indicator.For this our main book is
100's of charts.One who has done these excersises,most of our members have done that,
are aware of ADX & use that as per their need.
My this post was directed ,so you yourself find out whether ,even in case of counter trend
entry ,whether ADX actually improves ? (As you mentioned in your earlier post)
http://www.traderji.com/95530-post28.html
Your this post
http://www.traderji.com/95520-post27.html ; shows you still believe ADX (as filter)
can improve ,infact you have also posted the results ,showing ADX improved performance.
Unfortunately in your 1st post you have expressed that ADX is not significant & when Dev
presented a system,which he believed in ,you have weaven Logics to discard it.
Over an above when 'Traderji' advised to go thru "Chuck LeBeau 's works ,this was your
response ........"As for chuck lebeau don't have the book , no idea what he presents, will
look into it when I find the book. If anyone has the book? Send me a link..."
I appreciated the Logical presentation,and was waiting for you to find out whether at all
incorporating ADX it improves ? Your this post says ADX actually improved
http://www.traderji.com/95478-post20.html
Now your this post
http://www.traderji.com/95875-post39.html , has rang an alarm bell in me & instigated
me to point out ,Raja,your knowledge is appreciated but you are yet to test the original
System posted by Dev ,as now you know ADX has a role .We wanted to see that simmulation
report.
For your information Mr Rajat Bose (CNBC Analyst,though i dislike CNBC ) has developed
& have few PATH Breaking contibution ,(internationally acclaimed ) on ADX.
Mr Chuck LeBeau is a living reference book to System Traders of the world,as it is not in any book
then see what happens:
Now here your this post ,where you say ,without even testing that you know & 90%
sure ADX will improve as becoz it is written in a book.
http://www.traderji.com/95520-post27.html
Hence Raja,your knowledge is not only apreciable but envious but we are all traders Mkt is
our best book,hope you understand ,your mentioning of 'Efficient Mkt' & even elaborating it!!
We want good ppl around us so we develop,this applies both for you & me.
Asish