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ATR down to 126 and range 50pts – what to do?

< 1 min read

This is harder but look athe open – I was up 2R! And there were two more trades I could have taken. So the 126 ATR thing is an excuse.

The days’s range was and my 3Min Bolli trade reached +48.

TRADE PLAN: with low ATR, still trade setups but be more conservative with profit targets

This chart shows how the 5-Day ATR is now at low levels, it really needs to be above 150 for the market to be good to trade.

However, there were good trades this week and the trading strategy to adopt in these conditions is to buy and sell extremes rather than wait for break outs. Although there was a nice TL break out yesterday evening for 60pts

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ATR down to 126 and range 50pts – what to do?
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