Hi all and i have my laptop, gf has gone to shop.
i will show a better example in the future.
Hopefully on Monday maybe a live trade....
Monday 27 th Jan,
i start with a naked chart except one bar. which is the 00-00 4 hour range bar.
High = 13074...........Low = 13051...... so range is 23.
My adr for monday was a small 86.
and below, i add the adr High/Low area i would expect to reach from the 00-00 open price (this actually means nothing to me yet.
H= High area...... L= Low area........ x = the 00-00 bar.
Now i want the 00-00 bar to be break. hopefully looking for 20.
with the low break and the adjusted adr range area, we were looking at a potential gain of
The high broke and moved up to make 20, this is what i look for.
i adjusted the adr marker to show where high area could go (it didnt).
don't look too much into this example because we had a slight retrace, i would of made approx 10 in reality
with the first break, we do not know how far it will go?
we made 20 blah blah then it retraced to break low.
This was a bad day for adr, brexit etc.
But low broken and we got +10 , the adr low was made .
I adjusted the adr marker to show where the adr area low could be. it didnt happen due to short daily range but we nailed 30.
we did have a potential 30 to make off the low break...
i would of taken less.
i will show a better example in the future.
Hopefully on Monday maybe a live trade....
Attached Image
Monday 27 th Jan,
i start with a naked chart except one bar. which is the 00-00 4 hour range bar.
High = 13074...........Low = 13051...... so range is 23.
My adr for monday was a small 86.
and below, i add the adr High/Low area i would expect to reach from the 00-00 open price (this actually means nothing to me yet.
Attached Image
H= High area...... L= Low area........ x = the 00-00 bar.
Now i want the 00-00 bar to be break. hopefully looking for 20.
Attached Image
with the low break and the adjusted adr range area, we were looking at a potential gain of
The high broke and moved up to make 20, this is what i look for.
i adjusted the adr marker to show where high area could go (it didnt).
don't look too much into this example because we had a slight retrace, i would of made approx 10 in reality
with the first break, we do not know how far it will go?
we made 20 blah blah then it retraced to break low.
Attached Image
This was a bad day for adr, brexit etc.
But low broken and we got +10 , the adr low was made .
I adjusted the adr marker to show where the adr area low could be. it didnt happen due to short daily range but we nailed 30.
we did have a potential 30 to make off the low break...
i would of taken less.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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