Audjpy sell, chart:
- | Commercial Member | Joined Dec 2010 | 1,135 Posts
No longer trading forex. Looking for full time job.
One trade per daily bar, or per X bars on current timeframe 0 replies
Trading 24 hours per day, 5 days per week 14 replies
Disliked{quote} I don't use ATR to determine trade entries. I use no indicators for trade entry. I only use ATR to set stops. My testing and experience tell me that I want a stop that is approximately 20% of the five period EMA of the five day ATR on EU. (say that five times fast) for intraday trading. At the current ATR the stop I am using for intraday trades on EU is sixteen pips. Yesterday it was seventeen. In recent memory it has been as high as twenty six pips and as low as twelve or thirteen. It can change every day. I made a post a few days ago about...Ignored