Tag Archives: atr

Notes and changes of my trading strategy

Timeframes and screen time
The biggest change I had to make recently is that I started to watch the 1h and 5m charts for taking intraday positions. (1h for trend, 5m for entry/exit tactics) The reason for this is that due to my job I cannot limit my screen time since I’m in front of my trading screens more than 10 hours a day.
I know it sounds like failure at patience but I had to accept the fact that I need to keep myself entertained in order to endure the provocation of the charts.

FX pairs
Another change is that I reduce the number of pairs that I’m monitoring to EUR/USD, EUR/CHF and EUR/GBP. It doesn’t mean that I would not take a position in GBP/USD or USD/CHF if I see a good signal.

Keltner Channels (KC)
I put up Keltner channels on the trend charts for trend filter. I still aim to use as few indicators as possible. Keltner channels are constructed by a central line (typically an EMA) and upper and lower bands are that are drawn at an equal distance defined as a specified multiple of the ATR. I use EMA20 for the central line and 1 x ATR(10) to calculate the bands. I will not use KC to generate buy/sell signal just seeking visual feedback that the underlying trend is valid.