If you’ve ever worked with multiple charts of different futures, commodities and currencies, you will see some mirroring of price. In other words, candlesticks will occasionally look similar across the ES, CL and 6E charts if a major news or financial event is occurring. This is true mostly for trends, as we cannot claim every bar is identical. A perfect example of this is shown above. The Atlas Line trading software is accurate in identifying trends before they occur. In the video, John Paul from Day Trade to Win shows the ES, CL and 6E and how the Atlas Line called for going Short prior to price dropping by a few points in each market. Keep in mind, you should be referencing the Atlas Line specifically for the instrument you are trading. We’ve heard of Forex traders who watch the 6E since the price action is nearly identical (only advantage is having a secondary reference / data feed / charting software that may offer different features from what you’re using to trade forex. Another interesting feature with this new version of the Atlas Line is the pullback and strength trades. Plotted on the chart as an S or a P, you can use these symbols for subsequent trades after the initial Long or Short. The Atlas Line is really the perfect system for handling multiple markets on the fly, as there is very little configuration (if any). NinjaTrader makes it easy to save indicator parameters, so if the ES is slowing down, you can open a CL with your custom parameters instantly.
Sifiso, a self-described trader from South Africa, provides a brief testimonial for Day Trade to Win’s price action trading systems. His experiences are positive, with profitable results for both the Atlas Line and Floor Traders Secrets Manual. For those unfamiliar with the Atlas Line, this software plots a straight (but usually angled) line on your chart to assist with determining whether to trade long or short. The primary source for Atlas Line profits are the order signals, as these exact entries are provided prior to big moves. With the supplies price, direction and confirmation / filtering mechanism the Atlas Line provides, the tool has become coveted among futures and currency traders. The lesser known price action method Sifiso mentions is the Floor Traders Secrets Manual. Also called the X-5 Trade, this method is based on trading the price value of five. John Paul further developed this method based on direct E-Mini market manipulation techniques he learned from floor traders many years ago. In fact, these same CME and NYSE traders use the method today. Unlike other price action trading methods, the X-5 works as a result of direct market movement caused by professional open outcry or cubicle traders.
Right now, Day Trade to Win has a special sale going for the Trade Scalper scalping course along with the Secrets Manual. Both can be purchased from the DTTW site with $60 off using the following coupon code: 60TRADESCALPER
Just like the Atlas Line, the Trade Scalper is an excellent addition to any trader’s skill set, as it’s based on objective principles.
In the video above, Day Trade to Win shows off Atlas Line results for the last three days of the E-Mini S&P. The profits are as follows: +9 points, +4 points and +4 points, totaling 15 points possible for three consecutive days. You can see how in very short time with consistent accuracy, the Atlas Line pays for itself.
Many confuse the Atlas Line as a scalping tool, when in fact, the software is an automatic order signal generator combined with filtering. If you prefer to trade your own strategy or other indicators, you can use the Atlas Line to confirm direction. When price intersects and drop below the plotted line, short trades are advised. On the contrary, long trades work best when price is above the line. The order signals, that either appear as Long or Short with an accompanying price, indicate the exact price your should enter at and whether to buy or sell the market. It really couldn’t be any easier to make money day trading. John Paul, the creator of the software, conducts webinars for customers so they can see how to take each trade and learn the other Atlas Line-specific trade setups (Bounce, Strong and Pullback).
The Atlas Line is compatible with the latest versions of NinjaTrader, TradeStation and eSignal. In addition, it’s commonly used for the ES, 6E, 6C, 6A and other currencies.
John Paul uploaded a live recording captured today as he traded the E-mini, Euro Crude Light and Russell markets live for all attendees. Each trade and order signal generated by the Atlas Line is verifiable, providing your trading software and access supports historical data. John seems to be a big fan of NinjaTrader and likes to keep his charts clean by trading using a treasure chest full of price action strategies along with the blue profit line (aka Atlas Line). The Atlas Line produces order signals before the big market moves happen. Yesterday was a perfect example of this on the E-Mini. If you check the Emini’s performance on June 1, 2011, you can see how price falls steadily through the day, shortly after market open. If you go to the Day Trade to Win Blog, you’ll see an Emini chart that shows how the Atlas Line said “go short” right before the fall. We can usually expect this same consistency in market behavior for a day or two following such substantial activity.
Want to see four markets traded?
This video contains a few trade setups that benefit traders of any market. Also, there’s a 10% off coupon code for the Atlas Line. The Atlas Line is available as a 6-Month or Lifetime license. Also, it’s available for eSignal and TradeStation and NinjaTrader.
How do you determine if a day trading method is good or not? Consistency in all market conditions.
Watch the video below of an amazing Live demonstration of the Atlas Line clearly indicating trades. John Paul follows the Atlas Line’s lead and comes out a winner again
You can see how the Atlas Line indicates to go Short and Long and how it pays off to have the right day-trading tools. Using only price action and the Atlas Line,this resulted in a nice 1 point winner.
Trade 1 – Short – win for 5-6 ticks
Trade 2 – Short – win for 6-7 ticks
Trade 3 – Long – loss for 6-7 ticks
Trade 4 – Short – win for 6-7 ticks
Trade 5 – Long – win for 6-7 ticks
Trade 6 – Long – win for 4-5 ticks
This gives us a daily potential of 32 ticks if you traded using the Atlas Line.
The Atlas Line doesn’t readjust or recalculate itself. It starts plotting the same time every morning and continues in its path for the rest of the day calling out the trades you should be taking.
The ATR gives us a clear volatility indication for us to know when to get out. All in all, the combination of the Atlas Line and ATR leave little doubt for a day trader, allowing him to get in and out with profits and ease. Simplify your trading, gain confidence and make the right trading decisions with the right tools.