Good deal...I know I look for a lot of CT trades but the levels seem to work for me. There was good evidence of a possible pullback and I'll post a chart in a bit but I just have a hard time believing some of this PA a day before rollover. This test of the low will be interesting
rollover data giving me some issues this AM. Need to sort things out and equalize my data and calm down before I will even think about trading.I've been using a new platform for 6 months or so and although it is fantastic, it has some issues. Rollover is one of them!!!
Maybe it would help with target-setting, but on the other hand if you use levels from previous days they are anyways bigger when ATR is bigger so doesnt really add anything. just my 2c
yest ATR was about 27.5. looking at the HOD, might not have been a bad area to take profits....no matter where one might have been short from. SO from a target setting standpoint I agree but also use it to consider whether or not to take entries or be patient. Not a stand alone method but it's such an easy thing to monitor that I always like to know where I am in terms of range. Just my thoughts