Discussion in 'Technical Analysis' started by easyrider, Aug 31, 2002.
Can somebody give me a synopsis of Conner's 15 minute ADX breakout setup?
It is a simple 15 minute breakout pattern.
It works best on a strongly trending vehicle in an overall trending market,
You buy above the high of the high of the first 15 minutes - period.
The ADX aspect is a gimmick, in that you should be able to spot a strong trend without the indicator - at least in my opinion.
The key is to only trade strongly trending stocks in an overall trending market. That's all there is to it!
hmm. thanks Tampa. thats about what I figured. He makes big bucks selling this stuff. Im in the wrong game.
Well. yes and no.
If you need gimmicks to help you see, than there is nothing wrong with them. If you need a "method" to help you see things, than so be it.
Trading is nothing more than common sense. We human beings spend most of our time avoiding using our common sense. Guys like Conners are only trying to help us see what we should be able to see on our own, but rarely do.
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