Here’s the second part of the recent webinar. This portion starts off with Atlas Line signals and an understanding of candle wicks and bodies. You’ll see a perfect example of support and resistance. These are areas where price “refuses” to go lower or higher. Generally, when these levels are hit, you don’t want to be holding a trade for too long. Multiple candles stopping at an invisible barrier may constitute what John Paul calls a “Yo-Yo Bar.”
At 10:00 in, you’ll see an Trade Scalper Dbl Wick Long (buy) signal. This is followed by an Atlas Line Long (buy). That means two trading systems were saying “buy the market.” We like to see multiple systems agreeing on predicted direction, as we believe this helps confirm.
At 15:15, take a look at how John Paul explains an additional way to confirm trades using the larger trend at play. Instead of looking for short trades below the 50% point, you may be better off looking for buying opportunities above that price point.
At 17:18, the Trade Scalper settings are explained. Also, you can see it applied to multiple chart types, including a 10-Second chart and a tick chart. Yes, the Trade Scalper works with the NQ (E-min Nasdaq), CL (Crude Oil), 6E (Euro), etc.
At 21:00, take a look at the nice Atlas line signal on a 1-Minute NQ chart. The main Long (buy) signal is followed with multiple Pullback (P) and Strength signals. These represent additional opportunities. The rules for all signals are explained in the included live training.