Market Retraces for Nice E-mini Long Trade


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The Atlas Line produced a nice long trade on Nov. 21. This trade was similar to those we’ve seen lately based on the January Effect. John Paul expects more of these trades to occur as we pass through the remaining weeks of 2017. When the market retraces back to the 50% level or tests the prior high, it’s time to enter according to the January Effect strategy. If you followed it, you would have entered in around 2577 or 2578. When you’re trading with the Atlas Line and the January Effect method, you will need to switch between the 5-minute and daily chart time frames, respectively. For example, if you’re seeing that the January Effect’s daily chart is showing the market is likely to move up, confirm that direction with the Atlas Line on the 5-minute chart. With two confirming methods, you may have a better chance at a successful trade.

As a reminder, tomorrow, November 22 is Thanksgiving Day here in the U.S. Expect the markets to be closed and to reopen in the evening, US/Eastern time.

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