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Tuesday, October 20, 2009

Capturing 1 Day ATR move




I am now concentrating on capturing major portion of Daily ATR (average true range).


The logic is that - they must move Daily ATR, so why not ride it out.

It would make a trader 'A' class to capture 70-80% of Daily ATR with consistency.

On the charts shown, daily ATR is marked with blue boxes whereas entries are marked with yellow arrows.

USDJPY was left with nothing much as it did come back to entry point; however, GBPJPY hit the target level.

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