Forex Trading Using Average Daily Range

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Forex Trading Using Average Daily Range

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Vic N

During a normal trading day in the forex markets, price is going to move up and down, and will generally (although not always) make a move above the previous days high, or below the previous days low. And if you think about it, wouldnt it be useful to have a general idea as to how far price could be expected to move?

[youtube]http://www.youtube.com/watch?v=LeyjBZPEbRg[/youtube]

Being aware of the Average Daily Range of a pair can be very useful. And by the way, the Average Daily Range (ADR) is also called the ATR (Average True Range) in the forex markets. An in the forex markets they both mean the same thing and can be used interchangeably, but in other markets like commodities and stocks, there is a difference, but we dont need to worry about it. ADR or ATR is the same thing for our purposes. When you calculate the Average Daily Range of a currency pair, obviously you can use as many days as you like for calculating the average. What Ive found useful for the purposes of day trading, is a 5 day average. By observing the average daily range for the past 5 days, we get a good gauge of current price movement and volatility, in other words, how far we can expect price to move during the day, from the low of the day to the high of the day (or vice-versa). For example, if today is the start of Wednesday, and were looking at a particular currency pair, what we do is look at the 5 day ADR as of the close of Tuesday. Make sure you get that. We dont use the current days candle because the day is not over and we dont know what its range will be, right? So coming into Wednesday, all we know is the Average Daily Range as of the close of Tuesday. So lets suppose we see that the 5 day ADR is 152 pips as of Tuesdays close. That means that we can expect the current days high (Wednesday) to be about 152 pips above the low, or the current days low to be about 152 pips below the high. So staying with our example, once we know what the ADR is coming into Wednesday, we simply observe price and watch for that price level where price will have traveled and amount equal to or exceeding its current 5 day Average Daily Range. If price is rising, then note the low of the day, and add the ADR of 152 pips to get the expected high for the day If its dropping, then simply note the very high of the day, and subtract the ADR of 152 pips (in our example) to get the expect low for the day. This is tremendously useful information, and heres why: If price has, for example, rallied above its expected high (its 5 day Average Daily Range), and at the same time price is hitting a support or resistance level, there can be some great trading opportunities!! I mean, really great! And there are even further refinements that you can make to give you some extremely high odds trading opportunities. So, I hope you are starting to get a bit of an idea as to just how powerful the observation of the 5 day Average Daily Range can be when you learn how to apply it properly. I hope youve found this article helpful! All the best, Vic Noble **To learn more about forex trading and how I teach, I have a FREE e-Book, plus 7 great videos on key trading concepts that I believe will genuinely help you. No obligation, just good useful information! http://www.forextradingandeducation.com/wp/free-fx-training/

After more than 30 years of trading, 5 1/2 years as as a futures broker, and a personal forex coach since 2006, I’ve had a unique opportunity to see what separates winning traders from losing traders. I’ve just loved helping so many people achieve success, and I know I can make a positive difference for anyone. http://www.forextradingandeducation.com/wp/free-fx-training/

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ArticleRich.com

Forex Trading August 31st 2022

Concern about sovereign debt of some EU members roils markets

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Concern about sovereign debt of some EU members roils markets
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Friday, February 5, 2010

Global stock markets fell steeply on Thursday on investor concerns about the growing sovereign debts of European Union member states Greece, Portugal, and Spain. A report of a rise in weekly jobless claims in the United States contributed to the market gloom. The MSCI World index fell the most in over nine months. Currency and commodities markets also posted major moves.

If other European countries are having trouble like Greece, then it’s a big problem for banks, and the banks are the foundation for everything.

The euro fell more than one percent against the US dollar to an eight-month low; against the yen it fell 2.2%, approaching a one-year low. The price of crude oil fell 5% to US$73.14 per barrel and gold slid 4.4% to US$1,063 per ounce.

Greece’s Prime Minister, George Papandreou, announced an austerity program, but that is now threatened by plans by the largest trade union for a national strike. In 2009, Greece’s budget deficit was 12.7% of the nation’s gross domestic product (GDP). Papandreou’s plan called for that to drop to 3% by 2012.

Gary Jenkins of Evolution Securities told the Financial Times, “[t]he risk aversion trade is back on as the debt problems of Europe are for the first time bringing down global markets. Corporate earnings may come in strongly [in the US], but investors are more concerned about the possible default of a sovereign European nation.”

“This is a sovereign problem, and it’s hitting everything,” said Keith Springer of Capital Financial Advisory Services to Reuters. “If other European countries are having trouble like Greece, then it’s a big problem for banks, and the banks are the foundation for everything. European banks will be in trouble and that will carry over to all stocks.”

“The focus is shifting toward Spain and Portugal, where the deficit-reduction plans have been far less ambitious than Greece,” said Kornelius Purps of UniCredit Markets & Investment Banking to Bloomberg.

Concerns in Portugal centered on political tension surrounding a regional spending bill. In Spain, the source of worry was reportedly because the government backed down from promised pension reform.

European Central Bank President Jean-Claude Trichet sought to ease investor fears, in part by noting that the deficit in the US is expected to hit 10% of GDP in 2010, compared with about 6% in the eurozone. He said that he was “confident” that Greece is moving in the right direction.

Trichet did admit that it is of “paramount importance” for Greece, Portugal and Spain to get their public finances under control.

Retrieved from “https://en.wikinews.org/w/index.php?title=Concern_about_sovereign_debt_of_some_EU_members_roils_markets&oldid=4630247”
Uncategorized August 30th 2022

Ontario Votes 2007: Interview with Communist Party candidate Shona Bracken, Toronto Danforth

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Ontario Votes 2007: Interview with Communist Party candidate Shona Bracken, Toronto Danforth
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Sunday, October 7, 2007

Shona Bracken is running for the Communist Party in the Ontario provincial election in Toronto—Danforth. Wikinews interviewed her regarding her values, her experience, and her campaign.

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Uncategorized August 29th 2022

Judge shot at courthouse in Nevada

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Judge shot at courthouse in Nevada
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Monday, June 12, 2006

Today in Reno, Nevada a judge has been shot in a courthouse while he stood near a third floor window. The police and a SWAT team have been searching the nearby parking garages for the shooter. Judge Chuck Weller was hit in the chest with the bullet at the Mills B. Lane Justice Center around 11:15 a.m. PDT.

He was rushed to the Washoe medical center said police spokesperson Steve Frady. Police have closed off many blocks in the downtown casino district around the courthouse to look for the shooter.

The police have found one suspect. His name is Darren Roy Mack.

Retrieved from “https://en.wikinews.org/w/index.php?title=Judge_shot_at_courthouse_in_Nevada&oldid=4519552”
Uncategorized August 29th 2022

Good Schools For Interior Design

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Good Schools for Interior Design

by

Diego M

How would you define good schools for interior design? It is rather difficult, as it is influenced greatly by each individual s personal tastes. Every interior design student has their own opinions about what school is best for them, so in each student s case, the best school for interior design is the one that is closest to the student s needs and preferences.

[youtube]http://www.youtube.com/watch?v=_pLi1J9YrkM[/youtube]

What makes an school for interior design good? One of the most important factors is naturally the interior design program itself: the interior design faculty and the classes they teach are key to a strong school for interior design. Additionally, the interior design facilities available for students to use and the services provided for them are similarly important, as they show how willing the school is to invest in interior design. Alternative classes related to interior design, such as graphic design or video game design, complement an interior design degree, so researching the quality of those programs is highly recommended. And, any student planning to enter the interior design industry following graduation should also look into the school for interior design s support in career development: are they active in assisting students in finding job placements and internships?

Each student s financial circumstance also plays a large role in deciding on an school for interior design. How costly are the fees and tuition at the school for interior design? Can students apply for academic scholarships, grants, or any other financing options from the school?

Other important aspects of a good school for interior design to consider include non-academic factors. Is the school located in quieter rural town or a larger urban area? How lively is the area around the campus? What public transportation options are available? Students will be spending a lot of time in the campus and surrounding areas, so the school for interior design s location and setting are crucial considerations. If the student was an athlete, they may wish to attend a school with extensive sporting programs. And, looking into the alumni of the school for interior design to look for famous animators is one other method of choosing a good school for interior design. Ultimately, the student will be the one making the choice, so consider carefully!

Interior Design Colleges, Interior Design Schools, Get Free Info on the Best Interior Design Colleges, Interior Design Degree at

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School Academy August 29th 2022

SpaceX scrubs Falcon I rocket launch

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SpaceX scrubs Falcon I rocket launch
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Monday, November 28, 2005

SpaceX called off the much-delayed inaugural launch of their new Falcon 1 rocket on Saturday from Kwajalein’s Omelek Island launch site. The intent was to launch the U.S. Air Force Academy’s FalconSat 2 satellite, which will monitor plasma interactions with the Earth’s upper atmosphere and magnetosphere.

The launch was delayed, then finally cancelled after an oxygen boil-off vent had accidentally been left open. The oxygen was unable to cool the helium pressurant, which then proceeded to evaporate faster than it could be replenished. A main computer issue, probably serious enough to cause a scrub on its own, was also discovered.

This long-anticipated flight was originally expected to be launched in January 2005, however a series of setbacks forced a series of delays, with the flight most recently scheduled to be in early 2006. It was intended to be launched from the Kwajalein atoll in the middle of the Pacific Ocean.

The maiden voyage was originally intended to launch from Vandenberg Air Force Base in California with a Naval Research Laboratory satellite and a Space Services Incorporated space burial payload.

Retrieved from “https://en.wikinews.org/w/index.php?title=SpaceX_scrubs_Falcon_I_rocket_launch&oldid=3172503”
Uncategorized August 29th 2022

Rescuers search for survivors of Japan rail disaster

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Rescuers search for survivors of Japan rail disaster
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Tuesday, April 26, 2005

Rescuers working with cranes and heavy equipment at the scene of Japan’s worst rail accident in forty years pulled 3 survivors and more bodies out of the wreckage of a packed commuter train that derailed on Monday. The crash is now claiming 95 lives and over 400 injuries. Hopes are fading for more survivors in the rail car search where it is thought a dozen bodies may yet remain.

The train crashed into the side of a nine-story apartment building located nearby a bend where it jumped the track. Relatives of those lost are arriving in Amagasaki to identify loved ones in a gymnasium where a makeshift morgue is located.

Police searching for the cause of yesterday’s disaster investigated eight offices of West Japan Railway Co on Tuesday for clues to the rail driver. Police conducting the probe said professional negligence may be involved. The train operator, who in the past received a warning for a similar incident, over-shot the stop at the previous station and had to back the train up nearly 40 m (130 feet).

It is unclear whether the inexperienced driver of the train survived, 23-year-old Ryujiro Takami with 11 months on the job.

Running late and traveling at what survivors thought was excessive speed, it is believed the train lost control at a bend in the track where 71 km/h (44 mph) was the speed limit; however, any speeds under 134 km/h (83 mph) should not have caused derailment.

The train and aircraft disaster research committee, which reports to the Ministry of Land, Infrastructure and Transport, began to research the disaster. The committee members revealed unofficially the physical reasons of the disaster are quite complexe A member of the committee says the speed of train was monitored and at the fifth train it was recoreded that this car had run at 108 km/h speed in a certain moment after emergency brake had worked.

Retrieved from “https://en.wikinews.org/w/index.php?title=Rescuers_search_for_survivors_of_Japan_rail_disaster&oldid=4386381”
Uncategorized August 28th 2022

At least eight dead as building collapses during construction in China

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At least eight dead as building collapses during construction in China
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Sunday, July 6, 2008

At least eight construction workers have died and thirteen more are injured after a building collapsed during construction in Qiuzhigou Village, a suburb of China’s Wuhan City. It is unclear how many more if any are trapped as the project’s coordinator fled and is being sought by police.

The collapse occurred at 5 p.m. local time yesterday and reduced the four-story structure to a five-metre pile of rubble. The building was a private residence and was illegal as authorities had not been informed of it. Its location in an area accessible only via narrow alleys is hampering search and rescue efforts as heavy equipment such as cranes is having difficulty reaching the scene.

Around 100 rescuers continue to pick through the rubble in the rain. An investigation has been launched.

Retrieved from “https://en.wikinews.org/w/index.php?title=At_least_eight_dead_as_building_collapses_during_construction_in_China&oldid=1100107”
Uncategorized August 28th 2022

Getting Health Insurance For Your Children

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As unfair as it might seem, an adult will find very little or no help at all from the current health care system. Children on the other hand, have many opportunities for health care with all the government provisions available. Knowing that there is help for children will give any parent peace of mind, should they need medical care.Children from low income families received help from Medicaid and aid for dependent children for health care. If the family’s income was low or minimum wage, there didn’t seem to be any health care help available for the children. This created a imbalance for assuring all children would have health care available and prompted the government to offer help in the form of health care programs for children of middle income families.This program is best accessed through the state and local agencies that handle Medicaid and Social Services as each state offers this plan under different names making it difficult to let people know exactly what it is called in each location. Applications for this program in most states come only after a recipient is denied Medicaid coverage for their children because they don’t meet the income requirements. In most regions the Medicaid office will directly send your application onto the appropriate office to check and see if you are eligible for this additional coverage for your children.Many people can get this children’s health insurance benefit for free but those who make a slightly higher income may need to pay a very small monthly premium for this insurance plan. The fees are extremely low and affordable.If you chose to take this avenue for your child’s health insurance, be prepared for a long application processing time. If however, there is a health emergency involving your child being in an accident, injury or sudden illness that happens before you get a response to the application, you can ask the program office directly of the urgency to rush the applications approval. When it is approved, they will also extend coverage for incurred medical expenses during the emergency time frame and make the health insurance coverage retro active to cover everything. This helps solve health insurance needs as well, should a crisis occur at any time, you will be able to get quality emergency help quickly.

Insurance August 27th 2022

Víctor Valdés to play in Belgian Pro League; Manchester United loans Valdés to Standard Liège till season end

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Víctor Valdés to play in Belgian Pro League; Manchester United loans Valdés to Standard Liège till season end
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Wednesday, January 27, 2016

On Sunday, Manchester United announced the loan of their Spanish goalkeeper Víctor Valdés to Belgian club Standard Liège for the rest of the season.

Last year, Valdés signed an 18-month contract with the English club, but the three-time UEFA Champions League winner was given very little opportunity at Old Trafford. He made only two appearances for The Reds last season, after David de Gea was injured. Relations between Manchester United manager Louis van Gaal and Valdés were not good. Van Gaal did not pick him for the pre-season tour to the United States, saying Valdés was unwilling to play a game with the under-21 team.

This season, Valdés was not allowed in the locker room, and van Gaal prevented him from training with the main squad and the under-21 team. The official team photograph omitted him.

Valdés was a member of Spain’s squad for the World Cup in 2010 and for Euro 2012, collecting a winner’s medal both times. Per Manchester United’s statement, “Manchester United and Standard Liege have reached agreement for the temporary transfer of goalkeeper Victor Valdes, effective until the end of the current season. The deal is subject to formalities being completed.”

On Instagram, he posted a photo that read “Thank you all for your support during these months of hard work for me, i will never forget! See you soon!”

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Uncategorized August 27th 2022