The last few days using the Atlas Line have been quite profitable. The signals have been nearly-dead on. We’re not sure why John Paul uses the Bounce signals, as many of his other videos mention turning this feature off. Regardless, the Long and Shorts were very accurate. Using the NinjaTrader platform, John Paul scrolls through the most recent four days.
Basically, the rules of the Atlas Line are as follows:
When two closes occur above the plotted line, go long (a Long signal is also produced on the chart)
When two closes occur below the plotted line, go short (a Short signal is also produced on the chart)
Stay in the trade until one of the following occurs:
You make profit based on the ATR rules (use a period of four for the ATR)
You hit a prove-it stop (price closes above or below the Atlas Line once in the opposite direction from which you entered)
You hit a time-based stop (20 minutes or four candles on a 5-min chart)
You hit a catastrophic stop (also based on ATR)
As you can see, the rules for entering and exiting a trade are straightforward. They’re taught in detail in the live training that’s included with purchase.
Additionally, you are taught how to use the S and P symbols that appear on the chart – indicating entries for additional Strength and Pullback trades.
You will of course have losing trades. Many days are profitable, some are break-even, and a few are losses. The recent trades page provides a history of recent trades taken by John Paul.
John Paul from Day Trade to Win starts this video with a Short Trade using the Atlas Line software. How much profit and stop do you use for each trade? The first trade was good for one point, based on the ATR which was also near a point. The current trade’s profit target is 1.25 points. The stop is around 2.5 points. There are three stop strategies in mind that we went over in the last video. With the ATR hovering above one point, we know the market is worth trading. When you can look at nothing but price and decide to get in and out, you are trading using price action. It’s the most effective and easiest type of trading to learn. Everything you need is provided right in front of you on the chart. There is no guessing – it’s objective. The best time to trade is in the morning starting at 9:30 a.m. US/Eastern until about noon. However, you’ve probably seen many videos with the Atlas Line trading far beyond the open outcry session. Why 9:30 a.m.? When the CME opens, there are millions of orders placed by high frequency trading algorithms, hedge funds, professional and retail traders. In addition, financial news events, press releases and the U.S. daytime infrastructure really comes online during this period. As long as the ATR (with a period of four) remains between two and four points, you can bet the trading conditions are favorable. All you need at this point is an effective day trading strategy. There are many day trading courses at Day Trade to Win that focus on price action.
In the world of day trading, commercial systems and products come and go like the wind. Every day, you can find someone else who has discovered the latest and greatest technique yet has decided to share it with everyone else. Looking to find out more about how the method works? Tough luck, because you’ll have to provide your email address. At most, you’ll get an video showing trades taken months ago.
Day Trade to Win is a bit different – they create new videos almost weekly showing their systems working with a live trading account. A perfect example of this is the video above. John Paul shows the ATO method working for three consecutive, recent days. The ATO (At the Open Method) has been on the market (literally) for about four years. Used by hundreds of traders, the method teaches you how to capitalize on the E-Mini’s first big move of the day. With one or two trades at most per day, this is enough to satisfy and be done trading by noon. Considering how long DTTW has been in business and the quantity of positive reviews, you can bet the ATO will still be a viable technique in the future. If you want to see the ATO method, signing up on the DTTW home page will notify you of the next webinar event. John is always open to showing the results of his methods, good or bad, during these webinar presentations.