Day Trading Principles - Using the ATR - Daytrade Software

This is the first of three videos from the recent live price action webinar. In this webinar series, John Paul discusses the following:

Using the ATR
The importance of having a trading plan
Knowing when to stay out
Slow and fast cycles
Targets, stops, and relative conditions
Expectations for future price action (similar trading days, back-to-back)
How to handle immediate price movement towards the goal
Time-based stops
Money management and staying disciplined/conservative
Determining the profit target and continuation of the move
Handling overbought and oversold conditions, momentum, and expectations
Atlas Line and an example of filtering a trade

You can learn much more in the eight week Group Mentorship class. A new session begins July 26, 2016. Click here to submit your deposit. We will then email you the first week’s materials (ATO Course and Software), so you can get started right away. Mentorship is the best way to get all of our trading methods and learn a comprehensive approach for trading the markets on a daily basis.

Tagged Atlas Line, Price Action, Price Action Trading

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Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described herein. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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