toolbox. The first is to use the actual indicator to calculate the exact average over a specified period of time. Keep it simple theres no need to use the ATR or ADR indicators or become concerned with actually calculating the average range ADR should always be used in conjunction with a key support or resistance level Using average range in combination with blind entries is most favorable. However, for the most part, each day ranges between 40 and 70 pips.
Okay, lets move on, what is Average Daily Range? Its easy to see that gbpnzd has a much larger average range than that of nzdusd. The illustration below shows how a blind entry can be executed. It also shows you todays high and low rich forex traders youtube price, pips to todays high, pips to todays low price, One of the best daily range indicators I ever came across. Heres your answer Notice in the chart above that the market had moved down to the low of the day before moving back to retest the key level. However, this is unnecessary when trading simple price action the way I teach it. That being said, there are no guarantees when trading Forex. Green is 20 Pips UP, RED is 20 Pips Down. But this still doesnt answer the question how could we have known that a move back above the key level was unlikely?
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