Visit our trading courses page to compare the Atlas Line and Trade Scalper or purchase both so you can trade like John Paul, here.
Let’s put two charts side-by-side: the Atlas Line on the left and the Trade Scalper on the right. As you can see, the Trade Scalper chart on the right already has a signal (in purple). No signals appear yet for the Atlas Line. The reason why we’re showing both systems is that many traders prefer combining these methods. The Atlas Line is good for signals and providing an overall direction of expected price activity. Using that information, you can confirm (i.e. get a second opinion for) Trade Scalper trades.
At about 2:00 in, you’ll hear a doorbell sound that corresponds with an Atlas Line Long signal. The buy (long) signal occurs when price is at 3305.25. The idea is to quickly place a trade according to the signal. John Paul believes the anticipated upward price climb (based on the Atlas Line signal) also matches up with a retracement, whereby price climbs back up to test prior highs.
Remember the market has a different attitude or behavior depending on volatility. Over time, you may notice a certain personality emerge during slow activity and also when fast. We adjust our profit target and stop-loss values based on current market conditions. This means we want to trade based on realistic values that we believe the market can “afford” to give us.
Jump to 5:25 and you’ll see a Trade Scalper signal. We have the indicator also set up to use the doorbell sound. The Trade Scalper goes for more trades but of lesser value (three to four ticks on average) as compared to the Atlas Line. The Atlas Line, in comparison, may produce a couple of primary Dbl Bar Long or Short signals per day on average.
