Take a look at these winning trades! First, we begin with a 1-min chart using the Atlas Line. Once price crossed below the Atlas Line and closed twice, all of the signals were short (sell). These were good signals because the price fell soon after. Likewise, when price passes through the Atlas Line and closes twice above it, we have at least one long (buy) signal.
At 1:54 in the video, we move on to the Trade Scalper price action signals. The Trade Scalper is a scalping method, so the idea is to place a trade and get out with a profit quickly. Nowadays, the markets are volatile, so we have to adapt the Trade Scalper approach. This means going for larger moves and using a 1-Minute chart. For example, each of the winning signals displayed in the video were worth about two points. In comparison, during “normal” market conditions, the profit target would have been three ticks.
For both the Trade Scalper and Atlas Line, we use the ATR (Average True Range) to determine up-to-date volatility. Because the ATR (Average True Range) was near 3.5 for the Trade Scalper trade, this would have been the approximate profit target.
Jump to 3:28 in the video to see a full display of Trade Scalper signals. See for yourself the difference a long-used, price action strading system can make! Purchase the Trade Scalper, Atlas Line, or both – click here to see all our courses and software.