Using the Atlas Line™ in the E-Mini S&P, we knew to take a long trade at 1266.50 based on price trading above the line and the Dbl Bar Long signal. Based on the ATR, 2 to 2.5 points were possible. The first fill was at 1266.75. Watch the video to see what happens next (despite the morning news event).
Using the Atlas Line and ATR, you know three things:
- Price direction
- Where to place the entry
- Where to place your stop
- What your profit target should be (according to the ATR)
This is all taught in the live webinar taught by John Paul which is included with the trading software.
Yes, the Atlas Line is really this consistent.