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Old 06-18-2008, 09:11 AM
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David Waring David Waring is online now
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Hi James,

Glad to hear from you and it sounds like you are making some good progress there.

Remember however that a 1 pip move in the NZD/USD is a move from .0001 to .0002 or in other words 1 up or down at the 4th decimal place. So with this in mind a reading on the ATR of .00134 on the hourly chart is a reading of an Hourly ATR of 13.4 pips.

Hope that helps. Feel free to post if there are any other comments or questions on this one.

Best Regards,
Dave
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