The Trading Coach Podcast 1135 - My Most Important Trading Indicator
Mar 16, 2025
Discover the surprising truth about a trading indicator that goes beyond mere entry points. Learn how the Average True Range (ATR) can transform your approach to stop losses and risk management. The discussion emphasizes the importance of tailoring strategies to individual needs, drawing insights from recent workshops. Tune in for valuable tips on planning and enhancing your trading techniques!
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Know Your Indicator
- Understand what your indicator is actually indicating, don't just use it blindly.
- Many people use indicators without knowing their function, which is crucial for effective trading.
Adjust Indicator Settings
- Don't assume default settings are best; adjust them to fit your trading plan.
- Tweak and experiment with different settings to see how the indicator behaves and if it aligns with your needs.
ATR's Importance
- Akil Stokes considers the Average True Range (ATR) his most important indicator, primarily for stop-loss placement, not trade identification.
- While he doesn't rely heavily on indicators, the ATR is consistently used in his trades for risk management.
