Remember to roll over to the new E-Mini contract! We’re trading the September contract now.
We did a couple of Atlas Line posts this week. Now it’s time to demonstrate another technique, taught in the 4-DVD Power Price Action course.
Around 3:00 p.m. EST, (about 1 hour, 15 minutes before market close), we identified a Power Price Action setup. Based on a set of proprietary rules, today’s emini trading setup was worth 2.5 points.
These setups occur just about every day, sometimes multiple times per day. Also, the setups can be applied to other futures, financials and currencies. This is one of the price action methods we teach that can be traded on Forex as well.
Day traders always want to know the types of stops John Paul uses when trading:
1. Catastrophic Stop
2. Time-Based Stop
3. “Prove It” Stop
…each of these setups is explained in the course, which includes a color workbook and eight weeks of live training. You can receive three free videos which will help you on the path to learn day trading at PowerPriceAction.com as well.