Today, we’re diving into four consecutive days of using a powerful price action method known as the At the Open 2 (ATO 2) method.
This is the first strategy taught in our Day Trade to Win program, and it’s perfect for both new and seasoned traders. Over the past four days, we’ve seen some fascinating market movements. Let’s break down each day’s trades, discuss what happened, and understand a bit more about the system.
If you have any questions about these trades or the ATO 2 method, don’t hesitate to reach out. Now, let’s get started!
Day 1: Monday
On Monday, we saw a long trade. The ATO 2 method is rooted in price action and kicks in right at the market open. Here’s what happened:
- Entry Point: 5348.25 on the E-mini S&P
- ATR (Average True Range): Approximately 2 points
- Movement: The market moved 3 points
Given the ATR, our target was 2 points, which the market easily achieved. This translates to a $100 gain per contract, hitting our target promptly. This “one and done” trade set a positive tone for the day, allowing traders to step away with a profit early on.
Day 2: Tuesday
Tuesday brought another long trade:
- Entry Point: 5358.75
- ATR: About 1.5 points
Even with a slightly slower market, the ATO 2 method proved effective. The market moved between 2 and 3 points, easily hitting the 1.5-point target. For those who trailed their stops (a technique also taught in our program), there was potential for additional gains. The key takeaway is to expect the market to move one times the ATR, which it did reliably.
Day 3: Wednesday
Wednesday continued the trend with another long position:
- Entry Point: 5442.75
- ATR: Approximately 2.25 points
- Market Movement: 5 points
Although the market moved significantly, the focus was on timing. The ATO 2 method includes a time-based stop, typically within 15-20 minutes. This trade, taking about 15 minutes to hit its target, provided either a profit or a breakeven opportunity. For new traders, the advice is to exit if the market retraces to break even, ensuring minimal risk.
Day 4: Thursday
Thursday presented an interesting scenario with two short positions:
- Main Signal (ATO 2): 5434
- Chase the Trade Signal: 5430
- ATR: About 2.5 points
Both signals were successful, but traders are advised to take only the first opportunity. The market moved robustly, well beyond the 2.5-point target. The rule of not holding a trade for more than 15-20 minutes ensured a clear winner for either of the signals taken.
Key Takeaways
- Consistency: The ATO 2 method showed consistent results over four days, providing clear entry points and manageable targets based on the ATR.
- Risk Management: Emphasizing a time-based stop and ATR-based targets helps manage risk effectively.
- Adaptability: Suitable for various markets, whether it’s stocks, forex, or crypto, as long as there’s sufficient movement.
If you’d like to learn more about the At the Open 2 method and get access to our software, it’s included in our mentorship program. Visit DayTradeToWin.com, give us a call, or send an email. We’re here to help you succeed in your trading journey.
Until next time, good trading!
If you enjoyed this breakdown, subscribe to the DayTradetoWin YouTube channel for more insights. Click the links below to get free access to our member account area, including some free software like the ABC and the News indicator.
Happy Trading!
