Mike Smith: Using ATR for entry and exits - Sydney Chapter Online


This meeting is available to financial members of the ATAA and registered visitors.

 

Sydney Chapter Online Meeting - MONDAY 18 October 2021

Online meeting 6.00 pm to 8:00 pm (AEDT)

 

The Sydney chapter council would like to invite you to our next monthly meeting which will be held online.  

MEETING AGENDA

6.00 pm to 6.10 pm - Meeting Welcome and Announcements.

6.10 pm to 6 .30 pm – Mary McNamara - A deep dive into ASX200

6.30 pm – 7.20 pm- Topic: Using the Average True Range (ATR) to refine entry and exit decisions

 The use of the ATR within trading systems is not uncommon particularly in its use for defining initial stop levels as its role as a volatility measure takes into account potential movements in price.

However, its adaptability for both variable pricing and timeframe of trading instruments and strategies but also its potential use in other trading decision making action points is often underplayed.

With reference to market participant price action and order placement, we will explore the potential use of the ATR to:

  • Reduce the incidence of false breakouts
  • Assist in the setting of meaningful profit targets
  • Its use in setting initial stop but also as part of a trail stop system
  • Compensate for limited information during the entry of pending/conditional orders.

The ATR will be explored to provide justification of a position while using LIVE examples during the session.

As developing consistency in trading action so allowing effective measurement of system components and refinement of trading plans is critical for development of individually appropriate trading systems, during the session we will give example statements that could be adapted and integrated within your written trading plan.

Bio for Mike Smith.

Originally from the UK and living in Perth for the last 20 years, Mike has in excess of 2 decades of experience trading financial markets across all instruments, and involvement in the training and coaching of traders since 2007. He has presented extensively both online and in a live setting including with the ATAA and leads the ATAA Forex Special Interest group.

With a passion for finding new and innovative ways to help clients learn trading, his education background and qualifications assist him in the aim of trying to make the sometimes complex more simple and as an accomplished teacher and writer, he provides a depth of knowledge and experience that will benefit traders at all levels.

Mike Is CEO of TraderIQ (www.traderiq.com.au) and Head of Client Education and Training for GO Markets (www.gomarkets.com)

As well as trading system development and trading measurement, Mike also has a special interest in the psychology and behavioural aspects of trading.

7.20 pm – 8 pm – Q & A.

8 pm Meeting close.

HOW TO ATTEND THIS MEETING

This meeting is free to all financial members of the ATAA. Non-members are welcome to attend however there is a $15.00 visitor fee. 

ATAA Members and visitors attending in the city or online need to Register for this session:

  • Logon using your existing details and click on the “REGISTER” button at the bottom of the event page.
  • On the registration confirmation page, click on the “PROCESS REGISTRATION” button.
  • A link with the meeting details will be sent to your email address.

Non-Members - To Register for this session:

  • Non-members will need to be a registered visitor to attend this session. If you are already a registered visitor, please logon with your existing details.
  • If you are new to the ATAA, please sign up to the website as a registered visitor at no cost, by clicking on the “Join ATAA” button in the top right hand corner of the home page. Follow the prompts and enter your details to become a Registered Visitor. This will also allow you access to view the benefits of becoming a member including being sent our monthly newsletter.
  • After logging on, select the event you are interested in attending from the home page and click on the “REGISTER” button at the bottom of the page.
  • On the registration confirmation page, enter your payment details or your first time visitor coupon code and click on the “PROCESS REGISTRATION” button.
  • A link with the meeting details will be sent to your email address.

 

Next Meeting Date: Monday 15 November, 2021

Further Information: Darryl Nagel - Sydney ATAA Chapter President +614 1233 3973   

Next Meeting Venue: To be advised

Meetings Normally Held: Generally the third Monday of each Month 

Event Details

Event Date Mon 18 October 2021 6:00 pm
Event End Date Mon 18 October 2021 8:00 pm
Individual Price Free for members - Registered visitors $15
Location Online

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