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Tuesday, April 21, 2015

Using Average Daily Range to Help Determine the LOW (or HIGH) of the Day


Trading Concepts | E-Mini, Futures, Options & Stock Trading http://ift.tt/1IE21GL In today's video, I recap the Opening Bell Income Strategy (OBIS) trades that set up today and briefly go over how we traded the OBIS in the LIVE E-Mini Trading Room yesterday. I also discuss how I use the Average Daily Range to determine the likelihood of further price movement in the same direction. Knowing the Average Daily Range can be helpful in determining where the LOW (or HIGH) of the day may potentially be.

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