If you’re using the Atlas Line on the E-mini S&P 500, you probably saw today’s Long signal at 2160.75. The signal was displayed at about 9:55 a.m. US/Eastern. John Paul’s risk management is related to real-time market conditions. That’s why he’s trading with nine contracts and setting his profit target and stop at those specific values. In the included live training, you’re taught these rules. When you have a specific guideline to follow, you can relax a bit more while trading. As he points out in the video, time is not your friend. The longer you stay in a trade, the more risk you’re subject to. Instead, it’s better to make profit quickly and get out. For the Atlas Line, the maximum time you would stay in the market is about 20 minutes (four candles on a 5-min. chart). When the ATR (Average True Range) is less than 4 ticks (1 point), it’s best to stay out because the market is too slow. Conversely, an ATR above 20 ticks (five points) indicates the market is too fast to trade. About 15 minutes later, John Paul’s trade approaches the profit target. When trading with any strategy, be mindful of upcoming news events. News events can cause havoc in the markets – it’s best to stay out until the volatility subsides. Also, before trading for the day, double-check your charts and data to make sure everything is working properly. Also, when you’re in a trade, you can sometimes move your stop loss closer to the profit target to lock in a trade.
Don’t miss another Atlas Line trade like the one we had today!Click here to purchase the Atlas Line. After purchase, we will email you the download link and instructions. Our support team can also provide remote assistance to help with the installation.
On January 7, 2014, John Paul conducted a live webinar where he answered questions, went over the Atlas Line, and gave his predictions for the upcoming year.
The presentation starts off with using the Bloomberg Economic Calendar to find out what caused the unusually large price bar at around 8:35 a.m. EST. This move was due to employment news.
At around the 5:00 minute mark, the Atlas Line’s signals are explained. Simply put, when price is above, go for long trades. When below, go with short trades. The real-time value of the ATR determines the profit target and stop loss values. Two closing bars above the plotted line indicate that you should enter the market long (buy the market). The opposite indicates entering short (selling the market). There are three stops used to manage Atlas Line trades: Catastrophic, Time-based and Proof. It’s easy to be objective when you know exactly when to get out of a trade. When entering a trade, you want to see an immediate result. If you’re not getting that result, you need to have an exit plan, in the form of a stop loss. You will take either the profit target or whatever stop loss of the three comes first. Since the profit target and stop loss values are based on the ATR, they are realistic. The target and stop are based on real values the market is capable of producing in real-time conditions. This keeps you emotionally out of the game, objectively in the game, and equipped with a plan.
Watch the whole video to see how our various price action strategies are put to the test.
We get a lot of questions from non-customers on how to interpret Atlas Line signals. We figured it would be best to examine a recent day that was full of Atlas Line trades that would best demonstrate multiple scenarios. Take a look at the 5-min ES chart above.
9:55 a.m., Entry – Two consecutive closing bars above the plotting Atlas Line generates a Double Bar Long order signal 10:05 a.m., Profit Target (+5 ticks) – Profit target, based on ATR, is hit
10:45 a.m., Entry – Pullback Trade is activated 11:05 a.m., Profit Target (+4 ticks) – Profit target, based on Pullback Trade rules, is hit
11:35 a.m., Entry – Pullback Trade is activated 11:55 a.m., Profit Target (+2 ticks) – Profit target, based on Pullback Trade rules, is hit
11:55 a.m., Entry – Strength Trade is activated 12:05 p.m., Profit Target (+4 ticks) – Profit target, based on Strength Trade rules, is hit
Total profit or loss for the day (excluding slippage, commission, fees, etc.): +15 ticks
Remember that the best time to trade the Atlas Line with the ES is from 9:30 a.m. to 12:00 p.m. EST. John Paul has updated all of the Atlas Line recent trades through January 17, 2014. Click here to the trade performance. Again, the trades listed on the page occurred during the preferred time frame.
After purchase, we email you the Atlas Line software and instructions. We also provide you with a training video ahead of time to teach you how to use the Atlas Line. We also invite you to the next live training session, where John Paul shows you and a handful of other new Atlas Line users how to use the software. We also provide you with a recording of the live training session. Free support is provided for the duration of your license. Click here to go to the Atlas Line purchase page.
Only a monthly basis, we like to report how well the Atlas Line has performed. February 2013 was another successful month as indicated by these totals…
Total # of trades = 44
Total # of days traded = 19
Total net profit or loss (using 10 contracts excl. fees, slippage, etc.) = +$10,375
Data used in this calculation is from the Recent Trades page.
Calculations were performed manually – there is room for human error.
Remember, past performance is not indicative of future results. There is substantial risk of loss in day trading.
» Get the Atlas Line Signals «
Live training is included with purchase. After training, you will receive a video recording so you can always refresh your memory. The Atlas Line is not hard at all to use and free email support is included.
Want more results? See how the Atlas Line performed for January 2013.
Last week, John Paul took a look at the E-mini S&P and the Atlas Line. He scrolled through four days of history, showing the many signals produced by the software. You can see more recent trades here. The idea of the Atlas Line is to provide you an exact entry and an overall direction of whether you should be long or short. When price is above the plotted Atlas Line line, go long. When below, go short. It’s a simple way of thinking.
You might be wondering how the Long and Short signals are produced. There needs to be two closing candles above the Atlas Line for a long signal. Similarly, two closing candles below the plotted line will produce a Short signal.
Sometimes, it can be a bit tricky to decide when / where the entry is. The Atlas Line has a BarsBack parameter that lets you specify how far back the order signal plots. If you zoom in on your chart and take the BarsBack into account, you’ll know exactly what candle the entry corresponds to. Alternatively, just look for the two closing candles above or below.
For your stop losses, there are a few different strategies. We take whatever comes first. (In case you’re new to trading – you are hoping your profit target is hit. The stop loss is what’s hit when price does not go in your favor -it’s a safety net.) The prove-it stop occurs when price closes on the opposite side of the line. The time-based stop occurs when 20 minutes have passed (four bars on a five minute chart). No need to hold the trade longer than that – get out at the current price. And the catastrophic stop is the big safety net – in case the market unexpectedly and sharply rises or falls in a short time frame. All of the stops are covered in detail during the hour-or-so long live training that’s included with purchase.
The last time we calculated our Atlas Line monthly results was back in August 2012. Let’s take a look at September through December, 2012. Remember, past performance is not indicative of future results. There is substantial risk of loss in day trading.
Data used is from the Recent Trades page.
Calculations were performed manually – there is room for human error.
Total # of trades = 48
Total # of days traded = 19
Total net profit or loss (using 10 contracts excl. fees, slippage, etc.) = +$14,500
Total # of trades = 60
Total # of days traded = 20
Total net profit or loss (using 10 contracts excl. fees, slippage, etc.) = +$11,125
Total # of trades = 74
Total # of days traded = 21
Total net profit or loss (using 10 contracts excl. fees, slippage, etc.) = +$27,325
Total # of trades = 65
Total # of days traded = 20
Total net profit or loss (using 10 contracts excl. fees, slippage, etc.) = +$18,625 These December, 2012 results were updated on January 10, 2013 to include the complete month.
Today’s webinar was filled to capacity. This video is for all of you who were unable to get in and those who want to see how our systems performed.
John starts the live presentation by showing two charts: the E-Mini and Euro. The Atlas Line produced a Long signal on each market. The Long signal is an advisement to buy the market at the given price. Most traders would have been hesitant, thinking price was overbought (based on the rise in price within the previous 25 minutes).
At about four minutes in, John reviews a recent overnight E-Mini chart for May 11. Yes, the Atlas Line can work premarket very well, as demonstrated by the Short signal given at 1351.
Attendees were filled with great questions. Yes, the Atlas Line does work with free data feeds. If you’re using CQG, Rithmic, PFG, etc. you can paper trade with the Atlas Line until you feel comfortable to use a live account. If requested, our support team helps customers with installation of the Atlas Line via remote support.
At the 10:00 mark, John runs through a typical play-by-play scenario showing how he uses the signals, the ATR (Average True Range) to dictate a profit target. The most preferable scenarios are when price intersects the Atlas Line and you immediately get either a Long or a Short. The live trade that occurred near the start of the webinar showed a different situation, where price climbed from far below to the Atlas Line to tag the 1.7 point profit target.
On April 4, 2012, John took a Short E-Mini (ES) trade as advised by the Atlas Line software. The entry signal (Dbl Bar Short) was produced automatically when price was at 1398. The ATR (Average True Range) was at a value of 1.8. The ATR (available in most trading platforms) provided us with a value to base our profit target on. Our profit target was then moved to a value with a greater chance of being hit. As anticipated, price eventually passed through the profit target, resulting in a winning trade of $1050 at 14 contracts.
Since the Atlas Line provides direction, it is an excellent addition to a trader’s repertoire, as a filter for scalping or any other system. Live training is included with purchase, so you will learn how to adjust profit targets, manage stops, how to configure the software, pick the best market to trade, and capitalize on the Strength and Pullback trades. Also, the Private Mentorship Program includes the Atlas Line and of course, the same live training. A new session of Group Private Mentorship begins May 2, 2012.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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