Here’s a video recap of the last couple of trading days, as shown with charts in our last post:
On, January 31, 2011, John Paul shows how successfull the Atlas Line was in calling trades. Along with a great setup in the morning, a Double Bar Short Signal was given by the Atlas Line at around 2:30 p.m. EST. Upon comparing the signal with the ATR (Average True Range), we knew in advance where the bottom was. A common question among traders is “does the Atlas Line tell me when to exit the market?” The answer is no, but this is why we use the ATR. Another confirming method for exiting is to see if price intersects the line. If it does, it’s time to exit.
In the morning, three Bounce Long symbols appeared between 9:30 a.m. and 10:00 a.m., all advising to “go long.” Of course, these notifications occurred prior to the hike that began at around 10:30 a.m.
Halfway into the video, John Paul shows how the Atlas Line can be used in pre-market sessions. A Short signal is produced after-hours and shortly thereafter, price dropped a few points allowing for a pre-market profit.
John then rewinds the video again to show E-Mini activity on the 30th. A Long signal was generated that didn’t amount to that much, but check out what happens with the short signal at 1203.5…
By the way, today (February 1, 2011) was another Atlas Line E-Mini S&P winner!
