Yesterday, the E-Mini unexpectedly fell quite a few points. In the video below, you can see the huge move down as indicated by the large red candle. With two consecutive closing bars below the Atlas Line, the Atlas Line generated a Dbl Bar Short signal at 1151.75. If you were using the Atlas Line and took this trade, it would have worked in your favor all day (with the exception of price starting to intersect the Atlas Line near market close). With price well below the Atlas Line, we know to stick with Short trades. There are a few trade types that can be used based on the Atlas Line: the Pullback Trade and the Strength Trade. These help in recognizing profit opportunities as the market flexes back and forth under a general trend. John Paul, day trading coach from Day Trade to Win can easily point out three pullback trades. Recognition of these setups is taught in the live training that’s included with purchase of the Atlas Line.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.