Forum: Psychology and Money Management
November 17th, 2016, 04:46 PM
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Replies: 8
Views: 3,122
SoftSoap You were right, it's Points like we...
SoftSoap You were right, it's Points like we thought. I verified it with Sierra Chart support to be sure. Thanks for your help man.
Thanks Grausch for taking the tme to post that. I really like...
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Forum: Psychology and Money Management
November 16th, 2016, 10:40 PM
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Replies: 8
Views: 3,122
Thanks SoftSoap,
Yes, I guess it means...
Thanks SoftSoap,
Yes, I guess it means Points and not ticks, but think about this... What they say is, take the ATR and figure 2 to 3 times the ATR for a stop loss...
2.5 points x 2 = 20 ticks...
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Forum: Psychology and Money Management
November 16th, 2016, 08:46 PM
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Replies: 8
Views: 3,122
Thanks for the comment SoftSoap.
I have...
Thanks for the comment SoftSoap.
I have never used the ATR for a stop loss before, and that's what confuses me. It's easy for me to understand using it for stocks. Ex: .23 meaning 23 cents, and...
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Forum: Psychology and Money Management
November 16th, 2016, 07:17 PM
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Replies: 8
Views: 3,122
ATR for Stop Loss
Hi,
I trade on Sierra Chart. I have typically used a set stop of 10-12 ticks trading NQ. I want to start watching the ATR to track volatility.
Today the ATR averaged around 2.40 this afternoon....
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