ATR
Bullish Swing On EURCHFEIGHTCAP:EURCHF
We have a nice reversal setting-up on EURCHF so I'm watching for price to possibly pierce a previous swing low, which is at ATR and the bottom of the wedge, and ideally close as an SFP.
My target will be today's ATR hight to close the position before the weekend.
Enjoy,
The Meditrader
NY: EUR/USD HARMONIC LIMIT - ATR SLWhile we are going against what it seems like the market is doing, our setups could give the opportunity to entre at a great price while majority of traders are in fear of getting stopped out or faked out. But we cannot predict, only execute. Let’s see what happens
LONDON: GBPUSD ABCD/EXT LIMIT ATRPrice has pumped to a very strong key level and neckline of higher timeframe double top. Now we may see the dump play out and have entered using our ABCD/EXT setup which calls for a SL using our ATR on our trading timeframe. Big potential for downside if price does fall
ASIA NJ 618 LIMIT ATRNJ and AJ seem to be the last pairs to want to join JPYs downfall, this could either mean we can expect a pullback on all JPY pairs or that its simply late to the party and still gathering volume for a bigger push up.. not sure, but decided to test this hypothesis by entering a limit buy order at the 618 which was just hit. SL used was our ATR formula for a minimum target of 1:2
ASIA: BAT HARMONIC - ATR SLMoney is trapped on either side of the range, we identify a pattern in which the probability of covering risk at 2R is likely and could be quick so it'll be tested out. The potential upside is also nice but regardless if price violates either zone, strategy should be to try to catch a retest for a trend move
Q for the community. Is the ATR valuable based against volume?I have to say that one of the most confusing indicators for me is the ATR indicator. it has the tolerance to move up or down which will tell you that you are gaining volatility or losing volatility. when you are gaining volatility above a certain amount on an asset is when it's a good time to trade. but there's nothing that tells us exactly when is that certain amount. also the gain above that unspecified amount changes between different assets and pairs that you trade.
another thing that discerns me from using the ATR Is that it's movement is related to price movement. well unfortunately we know that in the markets price can be manipulated which manipulates momentum. but the one thing it cannot be manipulated is volume.
so in today's video I'm asking a question to the community which is what happens for you guys as a benefit when the ATR is based against volume and calculated against the movement of volume.
also in today's video I show you guys how I have figured out a way for the ATR to tell you that you are just broken above the average volatility or just broken below the average volatility.
just because you are above average volatility doesn't mean you are still in a good trading area. just because you've broken above average volatility doesn't mean you can enter into a trade immediately. you also and always need extra confluences so with that being said I added this break of the average to the upside or downside into the bull bear power void and I created a method for the oscillator to spit out a simple pair of colors which you can change on your own that tell you you have just entered above average or below average volatility and as such you can start looking for your move or your exit.
so my question to the community is how relevant is volatility against volume in your indicators and trading strategies. also I'd like this to have a better layout or way of signifying you that you have broken above or below average volatility.
leave your ideas in the comments below.