My experience as a retail trader for many years has taught me there is a theoretical limit to how much we can hope to achieve each day on the markets. Unless you’re running a HFT (high frequency trading) operation, you simply cannot hope to get near instantaneous executions and the type of monitoring to constantly scalp the markets in tick increments. Instead, us retail traders have to focus on more realistic goals – catching the larger moves, usually under two points, that occur every thirty minutes or so under normal E-Mini conditions. With the 9:30 a.m. US/Eastern CME open outcry opening time, this provides us with many intraday opportunities. While not every day can produce four points, we can increase our contract amount using a reliable trading method or system. My personal recommendation is the Atlas Line from Day Trade to Win. This indicator is available for NinjaTrader, TradeStation and eSignal. Order signals automatically appear on the charts to indicate the direction to buy or sell in. Stops are also taught in the included live training. The type of trading the Atlas Line produces is entirely objective and puts you in control of each trade.
A big day for E-Mini S&P traders. Take a look at how the market rose the entire morning. The Atlas Line indicator from DayTradeToWin.com told users to enter long early in the day for big money by noon. John Paul then takes us on a tour of the other markets where bounce trades ruled the day.
Crude Oil, the Euro currency, the Australian dollar and the E-Mini S&P can all be traded with the Atlas Line. With an unchanging line angle for each market during each trading day, there is no way to confuse the automated signals and order entries. Sometimes markets require specialized strategies for trading; however, since the Atlas Line is best used with price action, you can forget those requirements for gold and Forex.