ilmscore | Prediction Details
"I would add 16 to 18 which is what 34. so what I would do is pull my position tool down to 34 or take my ruler tool out add those two together if you would if you just have a ruler get a ruler tool here we have 17 18 pips plus our 16 pip atr means 34 go down to 34 put a horizontal line at 34."
By The Trading Channel (The Trading Channel) | October 13, 2020 | Pending
From video
How To Use The Average True Range For Beginners (MUST KNOW SECRETS) 00:08:06 - 00:08:30
Interpreted Prediction
To set a dynamic stop loss, add the ATR value to the distance from the entry point to the nearest swing low (e.g., 16 pip ATR + 18 pips to swing low = 34 pips for the stop loss).

Prediction Details

Topic
Trading Strategy - Dynamic Stop Loss Placement

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.