DislikedHere is a trade that just closed on the NZD/USD. I entered yesterday morning on the 1 Hr. Three hours later, I got a signal for the same trade on the 4 Hr chart, so I used the 4 Hr ATR for profit targets.
ATR = 46
Target 1 = 2 ATR = 92 pips - Target 1 attained.
Target 2 = 4 ATR = 184 pips - Target 2 attained.
[font=Calibri][size=3]There is a common school of thought that says you should let profits run....Ignored
Hi there, could you pls hlp me to understand the ATR & it's use of profit target ? I would really appreciate it