http://www.marketgeeks.com/day-trading-tips-and-tools-for-beginners/ Download Your Free Swing Trading Report Today. Day trading tips covers the ATR indicator and demonstrates how stop loss levels and profit target levels need to be adjusted based on the ATR contracting and expanding.

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Volatility Targets And Stops Part II
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Learn ATR Volatility Adjustment
Stop Loss Volatility Adjustment
Profit Target Volatility Adjustment
Incorporate ATR Into Your Trading Plan

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ATR Review
Developed 4 Decades Ago
Originally Used In Commodity Market
Adapted To Stocks When Volatility Rose
Used Effectively For Stops And Profit Targets
Works With Daily Charts And Intraday Charts

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ATR Is Easy To Calculate
Find The Highest Positive Number Out Of
These Three Combinations:
1. Between the previous day's high and low prices
2. Between the previous days close price and the
current day's high price.
3. Between the previous days close price and the
current day's low price.

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Adjust For Day Trading
Build Into Every Major Trading Software
Change Time Frame From Daily Bars To Intraday Bars
Change From 14 Bars To 10 Bars To Calculate Average
*The 14 Bar To 10 Bar Adjustment Should Be Made If You
Day Trading OR Swing Trading For More Dynamic
And Accurate Volatility Readings

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Volatility Doubles In 3 Months

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Volatility Three Times Higher In Two Day

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Volatility Three Times Higher In One Week

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Placing Your Orders
Long Stop Loss
Subtract 2ATR From
Entry
Short Buy Stop
Add 2ATR To Entry Price
Long Profit Target
Add 4ATR To Entry Price
Short Profit Target
Subtract 4ATR From
Entry Price
ATR Should Be Adjusted
Every Half Hour
Your Stops And Profit
Targets Will Be Adjusted
As Well

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Things To Keep In Mind
ATR Is The Best Way To Measure Volatility
Works With Daily And Intraday Charts
Needs Adjustment From 14 Bars To 10 Bars
Monitored During Trading Day
Adjusted If Necessary Every Half Hour

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