In this webinar presentation, John Paul separates his price action methods from the indicator-heavy techniques of competing educators and trading software creators. He starts off by showing the Atlas Line indicator. By showing his chart zoomed in, you can see exactly where the orders to go long or short are presented. By default, the Atlas Line will calculate on the close of a candle. On the second candle closing above or below, that is when you are supposed to enter. Calculate on bar close is the parameter for the Atlas Line indicator that lets you change this behavior, however, the default setting is recommended.
Here are a few other points John Paul discusses:
• Everything you need to know about how to take a trade and when to enter is already on the chart. You just have to have the right plan.
• Don’t trade on instinct or by guessing. Use a proven strategy that has solid backtesting.
• Successful traders (who are not high-frequency) use price action to trade.
• Use the ABC Pattern (discussed at around 27:00) to break up the trading day into three sections. The ABC Pattern is a breakout strategy.
• Traders tend to place stops at certain levels on a regular basis. Learn how to recognize these levels and use them to your benefit.
There are many more tips packed within this trading webinar. Be sure to watch the whole thing! There are many more trading videos like this at Day Trade to Win.