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.
For those who have just traded today’s Emini floor session, let’s hope that you were able to get in and leave at the prices you wanted. With the ATR above 5 points, trading with any kind of success is difficult. Today was the first day traders could react to Friday’s announcement of the SP credit rating dropping to AA. Speculation of how the AA will affect borrowing drove the markets downward. Will this trend continue tomorrow?
If the day session is too volatile, you may be able to count on the night to offer more manageable trading opportunities. Just be sure to trade using a system that can adapt from day to evening Globex sessions, such as the Atlas Line from Day Trade to Win. Day trading coach John Paul illustrates how the Atlas Line can be effectively used to call out prime opportunities for long and short trades with profits ranging on what the market can substantiate. We came across this coupon code for the Atlas Line and other Day Trade to Win products:
10% Off All Day Trade to Win Products = POWER10OFF
When day trading, which of the following have you done?
– Pick the bottom of the market where you expect price cannot fall past, yet somehow, it does.
– Place an order and wait over a half hour on-edge hoping that price would return profit to your order.
– Get stopped-out and miss key order placement moments.
The Atlas Line from Day Trade to Win lets you know the direction of price ahead of time, so you can be prepared for the otherwise unexpected twists and turns of the market.
John Paul from DayTradeToWin.com works the Atlas Line on the E-Mini S&P and other markets. He takes requests and answers questions from fellow traders about price action trading and how to use it in conjunction with the Atlas Line. He stresses how important it is to look for a couple of points instead of waiting for the big market moves, focusing on profit consistency instead of luck.
Day trading in multiple online markets is relatively similar in this day and age because of software platforms like NinjaTrader and TradeStation. Conducting actual trades using these programs is a nearly identical experience for Crude Oil, the E-Mini S&P, and all other currencies and commodities. However, the behind-the-scenes market manipulation, and Wall Street-esque market behavior differs by quite a large margin amongst the markets.
For inexperienced day traders or those looking to start trading, I recommend reading this E-Mini S&P Article from Day Trading Expert John Paul. Although the article targets full-time day traders, he outlines why the E-Mini S&P is the perfect market to get into for beginners:
Lastly, the advent of the Internet and online software for traders allowed me to automate my methodology, so my numbers of the buy and sell, appear in front of me daily without my effort. Naturally, due to the morning volatility in the market, I am typically done by lunch time. Please take a look at my video: https://www.daytradetowin.com/videos.php
Watch the E-Mini S&P being traded live along with other markets here:
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Check out the latest Atlas Line Webinar video from John Paul at DayTradetoWin. In the video, he answers questions from real people and offers free trading advice. This guy really knows what he’s talking about – watch as he navigates the markets and offers his wisdom using price action and his Atlas Line indicator!
The video is over an hour long – so get ready to jot down some notes…
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Let me know what you think of this course material by leaving a comment below…