Atlas Line - Bar Timer and ATR Trading - Day Trade to Win

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.

Tagged Atlas Line, atr, bar timer, candles, candlesticks, DOM, ninjatrader, Price Action, profit targets

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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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