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ATR

Fire-eyeing breakout w/ close above 46.45Fireeye Inc is eyeing the February $46.44 high earlier this year for a breakout. This would be a 52 week high as well. Chart on left is the weekly, while the chart on the right is the daily. I can wait for a daily close above this level or a pull back from this $45.07 close on Friday. The MACD on the daily chart is trying to move higher. For Fib extensions you can see clustered levels on the weekly chart around $69 and $97. Large long term moves but real targets to take some off, reduce risk. The 97 price would be fighting an all-time high above 97.35 in March 2014. STOP LOSS: Right now the Average True Range value on the weekly chart is four. I have been doing ATR(10)value multiplied by 2; so in FEYE today it is 4x2=8 then breakout price $46.45 minus 8=$38.45 initial stop loss. I would trail it up if the volatility picks up and the price moves above 50 using the ATRx2 subtracted off the high price (the wick on the candle). Long winded but a simple ATR trail stop loss method I do in my head now, after 10 months of execution in cash account with options and/or stock shares. Simply put I will be long on a breakout above $46.45 Options one could get SEPT 50 Calls for $2.60 a contract on Friday 05/22
F
by bertolinitrading
1
FXSalt New York Session WatchAfter the bullish engulfing candlestick pattern in Golds market, the price continues to surge higher despite the fact that theoscillators are showing overbought conditions. The long term trend is still down as the price remains below the 200 period golden moving average. The volatility in this market continue to increases as we can see through the Average True Range (ATR). We are at the upper band of the Bollinger Band which could cause the market to pause for awhile before continueing its upside movement. The Stochastic indicator and Commodity Channel Index (CCI) are showing the price is overbought which could slow down the price. But given the short term trend has turned bullish, coupled with the bullish engulfing bar candlestick pattern, we could potentially have great buying opportunities in today's New York session.
FX:XAUUSDLong
by radoslaw.mazgaj
CM ATR PercentileRank - Great For Showing Market Bottoms!When Increased Volatility to the Downside Reaches Extreme Levels it’s Usually a Sign of a Market Bottom. This Indicator Takes the ATR and uses a different LookBack Period to calculate the Percentile Rank of ATR Which is a Great Way To Calculate Volatility Be Careful Of Using w/ Market Tops. Not As Reliable. ***Ability to Control ATR Period and set PercentileRank to Different Lookback Period ***Ability to Plot Histogram Just Showing Percentiles or Histogram Based on Up/Down Close Fuchsia Lines = Greater Than 90th Percentile of Volatility based on ATR and LookBack Period. Red Lines = Warning — 80-90th Percentile Orange Lines = 70-80th Percentile Other Useful Indicators Williams Vix Fix CM_RSI EMA Is a Great Filter for Williams Vix Fix
AMEX:SPY
by ChrisMoody
17
GBPCHF Double TopComing off an impressive long from last weeks bullish bat pattern, the pair has now come back to retest previous structure highs. Although i wouldn't consider this to be the optimal structure level, the risk reward that is available on this trade makes it worth the take. A single ATR stop above the highs provides me with a less than 20pip risk (if i'm wrong, I want to be wrong fast) , while a move into previous structure would offer more than 30 pips in potential reward. Check out my youtube page a little later to see how we broke this down in today's Live TRading Room session www.youtube.com
Short
by Akil_Stokes
3
GBPNZD and EURNZD a Tale of 2 rangesThe MTAutofib indicator is picking up the highs of 2006 and the lows of 2012 on the GBPNZD - current market structure was can see a sideways channel or volatility zone the lower which was set in 2012 and 2013 and is still in play 2014. The most notable effects of time must be the range of this volatility zone and the range contraction of all FX markets from this period -whereby the ATR in 2012 contracted - expanded in 2013 and contracted again in 2014. To the point where i would seriously question the usage of any educator/broker offering a day trading system that relied on taking a scoop out of the intraday range... Swing trading must surely be the only way to trade here with good odds... -or at least day trade after looking for some condition that can be utilized on an intraday entry such as a breakout, fake out and continuation or bounce at support or resistance. So we can see on the charts the Euro is almost at its low once more - or is this the 2014 low? Could we be looking at a double bottom with 2013 - or a higher low.. followed by some range expansion? What has the NZD got that Eurozone has not? EUR has retreated somewhat from the GBP and so the charts look balanced in relation to each other. We can speculate - but all we have to do is wait and then employ a technique for entry. The GBPNZD has managed to hold on to some of its gains and is static above a support zone of a 12% retracement... from 2006 to 2012 - if you took the double top at 2008 and 2009 to 2012 its much the same story. So range constriction, congestion and a clear sideways volatility zone - looks like a great pair to watch for range expansion and a breakout or retest of lows soon.... so neutral as we sit and wait.. So it's possible to Buy the bounce or sell the breakdown on the GBPNZD..and time that with a session open or weekly open perhaps. I would expect some retracement back towards the 2009 highs 23% and 38% -longer term. It's just not clear if that is now... The MTAutoFib and others can be leased from chart >indicators > marketplace add-ons> microtrends
by microtrends
Reversal zone for AUDUSD using Elliott WavePrice appears to be correcting in a wave iv. Heavy fib resistance zone between .92566-.92910. Wave ii correction was relatively deep. so I expect this one to be more shallow with lots of consolidation. Probably will false breakout of the upper channel formed by projecting trend line from wave i to wave iii from wave ii. Wait for price to enter reversal zone and look for bearish candle/bar patterns to trigger short for the last leg of this impulsive move down. Cover quick near 0.91900 as I expect the pattern to go into a higher degree correction.
Short
by MichaelMesfin
History Has A Way of Repeating ItselfThere are a great many oscillators that seem to be either entering or in OVERSOLD mode now. UO has not been giving any divergences but we can still look at its OB/OS signals it gives. What I initially noticed when firing up this chart was that I swear it was a Deja vu (god TV when can I post the correct way to write Deja vu?) that I swear the way the market had moved that it was back in March that I saw this pattern. Well when I went backward in time it did indeed have about the same pivotal movements that it did then as it is now. The way that ATR is dying I would assume the market is ready to breakout. Which way? It would seem that it wants to go up since this downward trend keeps ATR going lower and lower meaning less support. The line that you see was from a chart I made a while ago and surprisingly it has bounced off it several times. No, this is not the log trend line, but either way it is showing me that this line actually does need to be taken seriously. Need to stop and look at it because it hasn't been broken. Targets: Bull: 450 Bear: 420 Time: Give or take 3-4 days due to low volatility. Can occur sooner if there is some increase buy/sell pressure.
BITSTAMP:BTCUSD
by ItisCalvin
2
Bearish for now...Overall most of the indicators point to the fact that we are not breaking the trend. There is SOME volume, but not volume the way we saw in the bubble. If anything it's volume that supports price stability around this range, however I think selling could be imminent. The same pattern of volatility has taken place all the way down the trend line in respect to the bollinger bands, however the bollinger bands have been shrinking and volatility is subsiding. This is a good thing and I believe it may lead to gradual growth. However, this may be like the last bubble in a sense that we may not see any strong movement from here for at least a year. (Great for adoption of bit coin which can drive the price over all) Stochastic RSI is overbought here. I believe this will drop to oversold before we start to make the slow run up. Average True Range is an interesting indicator for Bitcoin, as it seems that we're flattening out the way that things were pre-bubble, again somewhat supporting the theory that we're losing volatility. I'm not exactly sure how to address the MACD in relation to everything else. It supports upward movement, somewhat but not in the manner where you would want to call the bottom and make any type of swing trade. I'm short until the mid-400s, but as a miner I have every intent on seeing the market from a bullish perspective in the long term.
BITSTAMP:BTCUSDShort
by dopebroker
2