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The average directional Index or ADX, is an indicator that is use to determine the strength of a prevailing trend. The ADX is measured on a scale from zero 100 with a series of lines…

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Watch more free Elliott wave videos here: http://www.elliottwave.com/wave/yt113007 The standard explanation mainstream financial analysts and some forex trading “experts” use when talking about a market move is, “The market did that because of such-and-such news report.” But if you’ve been forex trading long enough, you know that all too often, the market’s reaction to the news is the opposite of what it’s “supposed” to be. Watch Elliott Wave International’s Senior Forex Trading Strategist, Jim Martens, as he explains that it’s not the news that matters when you’re trading forex — it’s the market’s reaction to the news that does — in this 10-minute forex trading video using the U.S. Dollar Index, Euro / Dollar and Dollar / Pound (cable) charts as examples.

Video about how my 3 SMA system can also be applied to scalp the market

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http://forextradingseminar.com Find out why Forex hedging schemes are not only counterproductive but actually financially dangerous. Yes freedom rocks but freedom is best achieved through profitable trading.