How do you find trades when the market is making your head spin?
Use a Daily Price Movement Range (DPMR) tool. This will measure volatility and provide another layer of confirmation about whether or not you should enter a trade and, most importantly, where to enter a trade.
DPMRs also help you identify when to take profits. How can this be? Price Movement Ranges are based on historical volatility. That means we are gathering data that has been available for up to 6 months. Broaden your view and let the automated calculations of DPMR be your guide.
In today’s conversation, I will show how we traded FCX (Freeport-McMoRan Inc.) from a little over $1 to over $3. Let me show how this worked…
