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Managing Risk with ATO (At the Open)
February 18, 2009
An ATO (At the Open) sell signal appears for 791 on the March 2009 contract. We're going straight for a two point profit target. Traditional indicators lag – they often push you back and forth indecisively. It's better to use price as a basis for trading decisions. The first three chapters of the ATO course are offered on DayTradeToWin.com. The target is filled at two points. If you're not comfortable with risking the extra two points, you could be done for the day here. Price begins stalling out, so we need to exit the trade safely.