A Key Trading Factor To Watch For A Further Market Breakdown
Cory
January 8, 2019
Allison Ostrander, Director of Risk Tolerance and Options Trader Specialist at Simpler Trading shares why she is watching the S&P monthly chart. More specifically the ATR (Average True Range) trailing stop is a key level to watch because if it is broken then a much more major selloff would happen immediately. Take a look at the chart below when listening to the interview.
Click here to visit the Simpler Trading website and follow along with Allison.
Discussion
2 Comments
Jan 08, 2019 08:27 PM
What are settings for the ATR Trailing stop on her chart? I have mine set at 10 days and 2.5 range on the monthly chart and on my chart the ES has already broken down through the ATR Trailing stop.
I think the default setting is often 10 and 3.0 but I like mine with a little less range.