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# Daily Notes 242

This is the link to the Daily Notes page:
http://www.mypivots.com/DailyNotes/dailynotes.aspx

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Hi Guy - If the close from the previous day is higher than today's high I would use the value which is greater, or, if the close from the previous day is less than today's low I would use the lesser value.

For example, let's use the current 10 day ATR, and look within that window.

Back on 5/27 the H/L/C for the ES was 1200.50/1196/1200.25. A range of 4.5 points.

The following day on 5/31 (3 days later due to a holiday), the H/L/C was 1199/1191.50/1192.25. A range of 7.5 points. However, the true range is 8.75 points because the close on 5/27 was greater than the high on the following day, and this is included in the calculation.

For the last 10 days there's only a difference of .125 because that was the only gap during that period (1.25 divided by 10 days = .125). Today on 6/11 the avg range is 9.60 while the avg true range is 9.725.

Hope this helps...

Hi Tool,
Yes that makes perfect sense. How do you then use those averages? I know that some people look at the 10, 20, 40 day average ranges to gauge if the market's range is contracting or expanding and adjust their strategies (e.g. wider stops in expanding ranges) accordingly. Are there any tips that you can share with us? (I obviously understand if there is stuff that you can't share - all of us have a few trading secrets that we don't want public.)
Daily Notes have been updated.

June’s single print strategy (1 losing trade)
(cumulative monthly loss of \$1,020)
I would like to keep the service. Do not delete the service. Thank you.
quote:
Originally posted by Gaye

I would like to keep the service. Do not delete the service. Thank you.

The service will continue Gaye - I have no plans to stop it. I hope that it adds to your success and profits as a trader.

Guy
Daily Notes have been updated.

June’s single print strategy (1 losing trade)
(cumulative monthly loss of \$1,230)
Daily Notes have been updated.

Daily Notes support topic - describes ways to use the web to your advantage and a backup page if you think Daily Notes hasn't been updated.

June’s single print strategy (1 winning trade \$530)
(cumulative monthly loss of \$700)
Daily Notes have been updated.

NEW PIVOT POINTS PAGE - Shows alternate numbers for calculating the daily pivots.