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Of
course. Setting a 3% stop loss on a stock whose ATR is 5+% may very well result
in getting stopped out during the normal trading day. Setting your stop loss to
reflect a more realistic range for each stock will help keep you in the trade.
rather than a flat ATR number I like to relate atr to the stocks trading price.
(ATR/close)*100 will present a percentage reading of the ATR where you will see
the historical daily percentage price swing of the stock. this may be useful for
determining your stop. when tied to visible support/resistance levels you may
better judge the viability of a given trade......
Jayson
<FONT face=Tahoma
size=2>-----Original Message-----From: moishe73
[mailto:mbuchalt@xxxxxxxxxxxxxxx]Sent: Friday, October 18, 2002 9:14
AMTo: Metastockusers@xxxxxxxxxxxxxxxSubject:
[Metastockusers] Average Daily RangeWould knowing the
Average Daily Range be helpful in setting Stop Loss limits instead of
arbitrary limits? If so, what would the formula look
like?To
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