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LifeSolutionsTV:
Now, let's assume upon using the multiplier of "2" and "3" with the ATR VOLATILITY Value on The ATR Indicator. Mrs. Yinka decides to use "2", while Mrs. Comfort decides to use "3"; Then it means - Mrs. Yinka would be setting her "STOP LOSS" order "64.38" away from her Point of Entering The Gold Market while Mrs. Comfort would also be setting her "STOP LOSS" order "96.57" away from her Point of Entering The Same Gold Market.

LifeSolutionsTV:
Now, let's assume upon using the multiplier of "2" and "3" with the ATR VOLATILITY Value on The ATR Indicator. Mrs. Yinka decides to use "2", while Mrs. Comfort decides to use "3"; Then it means - Mrs. Yinka would be setting her "STOP LOSS" order "64.38" away from her Point of Entering The Gold Market while Mrs. Comfort would also be setting her "STOP LOSS" order "96.57" away from her Point of Entering The Same Gold Market.

LifeSolutionsTV:
Using the Chart below;

The Current price of Gold is at 1,691.13.

After proper Price Action and Technical Analyses, Both Women are going for a SELL Direction on GOLD.

Mrs. Yinka would be setting her "STOP LOSS" order @ :
1,691.13 + 64.38 = 1,755.51.


While,


Mrs. Comfort would be setting her "STOP LOSS" order @ :
1691.13 + 96.57 = 1,787.70.




The respective values gotten is exactly where their "STOP LOSS" would be placed for The purpose of SAFE Trading.


Anything way lesser than this would cause their "STOP LOSS" to be easily hit.

LifeSolutionsTV:
The Screenshot provided below is a representation of The VOLATILITY of GOLD measured by The ATR Indicator.

The ATR gives a value of "32.19" as the VOLATILITY of Gold.

LifeSolutionsTV:
" FOR FINANCIAL SUCCESS;

STRATEGIES ARE EVERYTHING."


FAST-MONEY-SOLUTIONS CAMPUSES is developed and configured to Teach and Train People on Profitable Strategies in The Following Areas:

F - FOREX Trading,

A - AGRICULTURAL FOREX Trading,

S - SPORT Trading,

T - TRANSACTION ESCROW Trading.








All of these require THE RIGHT MATHEMATICAL APPROACHES To Become Financially Successful.


None of Them is a GET-RICH-QUICK SCHEME !!!


None of Them will Make You Money MIRACULOUSLY!!!!!











~ MESSIAH. ONI, Ayodeji AnthonYeshua.

LifeSolutionsTV:
Very Importantly - it is very necessary to know that The ATR value and The VOLATILITY of The Same Currency Pairs are NEVER The same on different Time Charts.

For instance, The ATR VOLATILITY Value on the DAY CHART reads "32.19"; while That on The 30 MINUTES CHART reads "2.92" as The VOLATILITY Measured by AVERAGE TRUE RANGE (ATR) Indicator.

So, in essence - You should always give priority to the VOLATILITY VALUE provided by The ATR Indicator according to the TIME FRAME which you are interested in trading.


~ MESSIAH. ONI, Ayodeji AnthonYeshua.

LifeSolutionsTV:
Now, let's advance to Attending to and providing Solutions to the second Problem which states that:


Many FOREX Trader also fail in Utilizing The AVERAGE TRUE RANGE (ATR) Indicator to EASILY Understand The VOLATILITY of Currency Pairs before they take Trades with respect to their TAKE PROFIT and STOP LOSS Targets.





THE SOLUTION:

Before You place any Trade in The FOREX Market, it is very important to Utilize The VOLATILITY VALUE provided by The AVERAGE TRUE RANGE (ATR) on The particular TIME CHART to be traded.


One of The Ultimate Solutions provided by The ATR Indicator is The Proper Placement of "STOP LOSS" Orders.



This takes us to the question: HOW DO YOU SETUP YOUR "STOP LOSS" Positions Rightly ??


With respect to The Daily Chart displayed on the Screenshots above whose VOLATILITY reads "32.19"; The SAFEST Way to Utilize The ATR VOLATILITY Value in Setting Your "STOP LOSS" orders is to MULTIPLY The ATR VOLATILITY Value with any convenient number like 2 or 3 depending on your Risk Tolerance.



For instance; The ATR VOLATILITY VALUE on the Daily chart of Gold read 32.19.

To CORRECTLY Get the value of your "STOPLOSS" Position would require you to multiply this VOLATILITY VALUE with either 2 or 3.


So, to get the Right Positioning of your "STOPLOSS" with respect to this trade;


MATHEMATICALLY,

32.19 × 2 = 64.38

or

32.19 × 3 = 96.57.


Now; you know that your "STOP LOSS" should be set "64.38" or "96.57" away from The CURRENT Price of Gold to be traded. This will allow Enough Space for Your Trades to Breath and Flow towards Your "TAKE PROFITS" Direction.

This is the first process to be activated before choosing to Trade Any Direction in The FOREX Market.


This is where Many FOREX Traders Fail at. Ignorantly; they set their "STOP LOSS" without giving Priority to The VOLATILITY of The Market. This is the reason many Executed Trades are QUICK to Hitting their "STOP LOSSES" because they fail to provide enough ROOM/SPACE for their Trading Decisions to go in Favour of the Direction of Their "TAKE PROFITS" Target.












~ MESSIAH. ONI, Ayodeji AnthonYeshua.

LifeSolutionsTV:
So, yesterday - we had our Introductory Financial Webinar on The Utilization of The Average True Range (ATR) Indicator.


I had stated that the ATR Indicator as one of the most vital indicators which every Successful Traders Utilize in trading the FOREX Market because it helps measure the VOLATILITY of the previous 14 Candle Sticks.


Today, we will be rounding off with our Webinar lessons on The Utilization of The AVERAGE TRUE RANGE (ATR) Indicator.