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0406Heitkoetter3 jpg

0406Heitkoetter3 jpg

Summary: chart below you can see that the daily range on March 25th 2009 in the e mini S P was 36 points You simply calculate this range for the past 7 days and get the Average Daily Range ADR We use this ADR to calculate our stop loss and profit target

Image Dimensions: 548 x 362

Image originally found here.