DislikedThanks for the information drewas.... And one more question how to use the ADR. In the picture it shows Rmup:82, RMDn:114 & T=71. what is the meaning for thisIgnored
Room up or down is the room youve got left before price hits yesterdays pips range so if your approaching one of those or the 5 day average you might consider looking for an exit or think twice about entering a trade.
Used in isolation it doesnt mean much but if you know a pair usually moves 100 pips and its only moved 10 at the moment (provided you take into count other factors eg time of day, news, etc) it improves probability that it will move to or around 100 the ADR.
Hope that helps. There are probably more concise answers if you google. ADR.
We're all just one trade away from humility.