Classic Intraday Move

Here we have a nice move off the OpenPos UP line.
As Price was crossing the line we see that the TMA Histo/Ribbon lines is showing Blue (Up Move).
The CCI Histo is also Blue (Up Move).
We have a Blue (Up Move) PRICE line which is crossing the TREND line.
The stage is set and everything is primed for an Up Move.

As I said in an earlier post that we want to simply take some meat off the bone (Book the Pip$, Get Out) and let everyone else fight over the remains. Yes, price may well continue up to 100% ADR (or even beyond).

Our No.1 goal is to get the Intraday Direction Right and Consistently Book Pip$.

GBPAUD ADR = 187 (as shown in the InfoBox)
OpenPos lines are by default set to 10% move off the ADR (which in this case is 18.7 Pip move off the OPEN line)
Our target line of 61.65% ADR = 115.66 off the OPEN line (187*0.6185)
Take off the 10% OpenPos move from the OPEN Line would give us (115.66-18.7) a profit of 96.96 Pip$

A simpler way is to multply the ADR by 0.5185 or 51.85%, This will give you the number of Pip$ from the OpenPos line to the 61.85% ADR line.
So 187 ADR x 0.5185 = 96.96 Pip$ Profit from an entry off the OpenPos line to the 61.85% ADR line.
96.96 Pips rounded off to zero decimal places would give us 97 Pip$ (as shown in the InfoBox on the chart).

All the best
Xard777