E-Mini S&P price stayed above the Atlas Line all day today, using the Atlas Line as resistance. Long signal given early in the day and then price continued climbing.
Day Trade To Win’s proprietary and powerful Atlas Line™ method is now also available for the eSignal trading platform!
Remember to click on each image for a bigger version.
The Atlas Line™ method produces real-time market behavior signals on your eSignal, NinjaTrader or TradeStation chart in two ways:
- Short or long entry signals prior to an anticipated spike or drop in price
- The line itself advises staying short or long depending on whether price is above or below the line
With these complimentary capabilities, the Atlas Line™ consistently pulls in profits for traders of futures, currencies and other markets.
The Atlas Line™ was created by price action trader and mentor, John Paul. What’s unique about this method is that it can be applied to all markets, instruments, time zones and chart configurations. This robust filtering method can be used as a standalone solution or used in conjunction with other trading methods for entry confirmation.
Atlas Line™ customers receive access to an online video manual, free customer support and a live webinar for questions and answers. In the manual and webinar, John covers:
- How to configure the Atlas Line™ properly (loading the software, customizing entries for day or night trading sessions, etc.)
- How to enter trades with extreme accuracy (where to place stops, prevent slippage, types of signals the Atlas Line™ produces and how to respond to them, etc.)
- How to determine resistance and support and overall market strength (dealing with volume, the average true range, volatility, etc.)
- Once the Atlas Line™ begins plotting, its users have an edge over other traders: advance knowledge of where the market is headed and how to respond.
Currently, the Atlas Line™ is available in two forms:
- A six-month license for $599
- A lifetime license for $1800
By trading one contract, many customers have found that Atlas Line™ pays for itself in less than one month’s time. In the business of day trading, there are no other day trading systems that can produce a comparable level of consistent accuracy. The Atlas Line™ is the only tool you’ll need to trade the E-Mini S&P, Euro, Crude, or any other liquid market. eSignal traders can now expect the same results as experienced by NinjaTrader and TradeStation users.
Two charts, two consecutive days of E-Mini S&P day trading. Both days, Atlas Line™ users knew what the market was going to do AHEAD of everyone else, allowing them to place targets and beat the rush of orders.
Remember to click on each image for a bigger version.
Find out more about this proprietary trading tool and earn back the profits you’ve lost!
Periodically, I like to help customers with things that are outside the price action methods I teach. This week I’d like to discuss commissions and execution. Even though we can’t control market direction or volatility, there are certain aspects of trading we can control.
The first of these is commission. In today’s environment, we consumers have the luxury to be more selective in whom we choose to do business with (brokers). The next variable is the choice of trading platform; and considering today’s technological advances, there is an ever-increasing amount of choices. The next variable is cost. Keep in mind that most expensive or cheapest option is not necessarily the best. Consider your individual needs – are you a day-trader, swing trader, do you need charts or just data? Determine what’s best for you, and by all means, don’t be cheap. The long-term costs of “inexpensive” brokers, trading software, etc. is usually much more expensive in the long-run, beyond the hidden costs.
Firstly, you have to be wary of guys advertising .49 cents or .99 cents per execution. Obviously, they’re forgetting to mention the additional cost of clearing and execution fees. The last (but by no means least) variable to consider is execution. Here we have two factors to consider
In terms of execution, the perfect trading software does not exist. Glitches do occur. Some platforms are more stable than others. Data feeds are equally as important. Besides the trading platform itself, we need an accurate and stable data feed: one that does not “go down”, is FAST and without delay. Believe it or not, there are some data feeds that are delayed and that is why at times traders experience high slippage on their trades. We as traders can’t afford instability and delayed data because this will “eat” into our profits.
I recently switched completely to the Rithmic Data Feed, for use with NinjaTrader. I’ve found that Rithmic is an institutional type data feed with VERY low latency. It exactly mirrors the market, quotes exactly and delivers bids/offers/trades in milliseconds. Rithmic has its own data center where they host their equipment right on the server on their exchange. They use high-end equipment to ensure stability. My connection rarely goes down and the data feed is superior to anything that I have ever used in the past.
My recommend brokerage firm is Optimus Futures (http://www.optimusfutures.com). Optimus recommended that I switch feeds and go with Rithmic; a suggestion I can’t thank them enough for making. Matthew, my boker, gives me $4.00RT / all fees included and does not impose any quota minimums when it comes to trading. I highly suggest using his services. When it comes to brokers, I try to stay as objective as possible. However, I’ve found the combination of Rithmic’s low-latency service combined with Matt’s excellent services to be the best broker / feed combination.
As an experienced trader, I’ve been around enough to know the difference a fast data feed and a professional broker can make.
Here is Matt’s contact information:
Optimus Phone #, toll-free: 800-771-6748
Optimus Phone #, (local – Boca Raton, FL, USA): 561-367-8686
Matt can also be reached directly at [email protected] if you have any questions.
Ron K. gives a short, mid-program critique of the Day Trade to Win Mentorship Program. So far, he says the program is everything it’s advertised to be. The difference between his day trading abilities before and after the start of the course are like “night and day.” So far, Ron’s instruction has focused on understanding how the E-Mini market moves, how to enter the market, capture profits and knowing when to exit using a variety of methods for every scenario.
Be sure to stick around for the end of the video, as Ron provides his profit and loss figures – something very few traders actually mention.
Day trading is a skill anyone can learn. Click here to find out more about the Private Mentorship Program.
Trading the Atlas Line Recap for Nov 1st 2010.
The Atlas Line™ is a phenomenal tool to catch moves like this when the market reversed after the news event. I never trust the news reaction and look for conformation of the price before entering the trade. ATO (at the Open) also caught the move which was double nice. The 2nd trade on the Atlas Line™ is the pullback trade following the rules there was no reason why not to take it.
Yesterday, October 28, John Paul recorded a video in which price came up to the Atlas Line and bounced off it. Long orders were produced right when price was being “supported” by the Atlas Line.
Remember to watch in HD!
John is trading the December contract using a 5-minute time frame. Take a look at how quickly price accelerated after it intersected the Atlas Line.
There are a few tools that can help your trades:
1. The Bar Timer (displayed in the bottom-right corner of the video / chart): displays a countdown until the current price bar is complete. Using the Bar Timer, you’ll know exactly when the next candle will open and when the current candle is going to close.
2. ATR (Average True Range, green line and pointer displayed at the bottom of the video / chart): lets traders know the range of price movement to expect from a trade. Traders should decide to take profit based on the ATR of the last few bars / candles.
3. The Atlas Line (of course). We’ve covered that already.
Know where to place your stop losses, profit targets, etc. based on a combination of all three.
Visit the Atlas Line page to find out more.
This video, revived to HD format, is one of the best we’ve done in terms of explaining how effective the Atlas Line™ is.
Where do you enter?
Where do you exit?
Which indicator to follow?
Where do you reverse?
All of these questions come to mind when dealing with day trading indicators. In this video, John Paul pushes aside confusing indicators and replaces them with the Atlas Line™. Using the Atlas Line™, the questions above are clearly answered at all times during trading.
As a trading tool, the Atlas Line™ is extremely easy to use:
Trade according the long and short signals that are provided automatically.
Go short when price is below the Atlas Line™, go long when price is above the Atlas Line™.
There really isn’t anything else you have to configure or be aware of other than these easy rules.
It’s the one tool you need for every commodity, stock, or even Forex!
As predicted in an earlier post, this week has shaped up to be highly profitable for Atlas Line™ users.
Three Bounce Short order signals were given in quick succession, combined with the Atlas Line™ intersecting price. Since the Atlas Line is an excellent filtering tool, this double confirmation technique is far superior to trading with standard indicators. If you considered the constant angle of the Atlas Line™ and the signal generated at 111.75, you would have had five points in your pocket, easily. With the holiday season approaching (and the end of 2010), the markets are becoming increasingly more volatile. Now is the time to learn how to use the Atlas Line™ so you can benefit from one of the best trading times of the year, the December contract.
Nick, primarily a futures and Forex trader, uses the Atlas Line™ for its accurate signals and reliability. As an Atlas Line™ customer, he received a free live webinar with John Paul where he learned how to use the Atlas Line for daily profits. In the video, Nick is very complimentary regarding the level of customer support he received from the DayTradeToWin team. He also recommends the Atlas Line™ to anyone interested in improving their bottom line / results.
By liking DayTradeToWin on Facebook, you can receive 10% off the Atlas Line until the end of October.
Click here to find out how