[earsha]

Whats is ATR?

ATR means Average True Range, will give you some idea of how much the stock price may move in a day between the Low Of Day (LOD), and High Of Day (HOD). If the charts are right as the price is coming up off LOD (or some intraday support near it), you`ll have an idea of how much profit potential there is in trading it to HOD (or some intraday resistance near it).

Pivot Points?

Pivot points are yet another useful tool that can be added to any trader's toolbox.

Here, "S" represents the support levels, "R" the resistance levels and "PP" the pivot point.

Daily Pivot Points will give you intraday supports below the Pivot Point, and intraday resistances above the Pivot Point. These change daily. The Pivot Point represents "neutral" price. If the price drops below PP, then the bias (tendency) will be for the price to drop further. If the price rises above, then the bias (tendency) will be for the price to rise further. In otherwords, the lowest risk for long trades is entering when the trend is turning up off of the PP, or moving up thru R1 towards R2. The lowest risk for shorts is to enter when the trend is turning down from PP, or moving down thru S1 towards S2.


Earsha