Re: Average Daily Range Trading

36
NZDUSD - Looking pretty good. I am interested to see what kind of pullback we get. And then a trending continuation upward. But , based on the signal it has been producing , I would say a short term sell is in effect with a breakeven stop loss in case it decides to make a bigger move to the downside. Or possibly just a short term take profit.

( PS- I took out the median line to bring more attention to the edges )
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Re: Average Daily Range Trading

37
The more I look around the web I understand that this is basically a trend envelopes strategy and nothing really new. But rather than being based on Standard Dev or ATR , it is simple ADR slightly adjusted every few days or weeks. I have played around with the envelopes standard deviation and found that using an adjusted ADR seems to working a little bit better and more consistent. I think the important part is the ability to position yourself on the proper side of the coming swing or trend on a day to day basis.


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