As far as i know its for MT4, ADR is not the holy grail but can often give you a target or reversal zone.

Trading An Edge...

I just use the fib level in mt4 nothing more. Learning to use it correctly takes some practice but other than that its straightforward.

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Overnight short on FTSE from D-R2 Out +38

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Long FTSE @ D-S2 Out +39

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Long FTSE above the Daily Hi Out +25

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Long FTSE above the Open Out +41

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Short FTSE below M-PP Still holding... Out +60

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Short FTSE at the open just above M-PP Out +30

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Long FTSE above ADR-Hi Out +21

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Been holding this FTSE long overnight Out +90

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Long FTSE @ D-S2 SL following closely Out +67

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Long FTSE from D-S4 Currently sat at D-S3 SL brought in close. Out +42

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Short FTSE below D-S2 Out, another +40 thank you very muchly

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Short FTSE just below D-S1 Out +40

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Long FTSE off the D-Lo Out +24

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Short FTSE from D-PP Out +35

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Pre market Dax short below the open on a break of previous structure Out +17

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I use an 8 pip SL when i place a trade, when it moves +10 i move SL to B/E, many might say irs waaay too close but it works for me, yes i get a few B/E stop outs per day, rather that than a loss, here's my current position on FTSE taken in the wee ...

Billytt Die happy trading e/j daily breakout

Short FTSE below W-S2 at the open Out +25

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