| Are you looking for a consistent technical indicator? | | | | The best time to use ADR is at the beginning of |
| You may want to consider using the Average Daily | | | | your trading day. I used it about 20 minutes before |
| Range also known as ADR. When I used to do | | | | the London open to see how far the currency pair |
| manual Forex trading analysis, I found this to be quite | | | | may trend for that session. If you are familiar with |
| useful. Although with my new software, indicators | | | | trading, you'll know that the London session |
| like this are no longer needed. | | | | consistently moves 70 to 150 Pips every day. |
| ADR will provide you with an idea of how far a | | | | As mentioned, this is one of many manual trading |
| currency pair price is expected to move over a | | | | tools that you could use. There is an endless |
| certain period of time. I found this helpful when trying | | | | combination of indicators and oscillators you could use |
| to determine my exit points. You never want to | | | | to create trade entry and exit set ups. To me, this is |
| leave a trade too early if it's trending well as you | | | | an archaic way to trade. |
| may miss out on a lot of Pips. | | | | Using powerful software to do all of the Forex |
| Like all Forex trading analysis indicators, this one is | | | | trading analysis for you is the only smart way to go. |
| not perfect. It should only be used as a guideline. | | | | There's no gray areas of interpretation with |
| And, it must be used in conjunction with other | | | | software. It tells you to take a trade. That's it. You |
| technical analysis tools such as trend lines, MACD, | | | | just do what it says instead of trying to interpret all |
| chart patterns etc. | | | | of these old school trading Forex trading analysis |
| It's smart to stay conservative with trading. Before I | | | | indicators. |
| started using automatic trading software, I would | | | | So there you have it. ADR is a decent way to help |
| always stay a certain percentage away from where | | | | predict the price range for a particular trading session. |
| an indicator was telling me to exit a trade. With ADR, | | | | However, you are far better off getting current and |
| I would exit a trade a few Pips behind the anticipated | | | | allowing a software system do the Forex trading |
| end of a range that ADR indicated. | | | | analysis for you. |