In the video below, take a look at the recent Atlas Line and ATO 2 performance. John Paul applies the two price action indicators to a 5-min E-mini S&P 500 chart. He sees the signals for the first day for the day along with all of the other people attending the live webinar.
Right away, you can see the Atlas Line signal appears to be a winner. Price moved up after the Atlas Line’s Long signal was produced. We also had additional Strength trades confirming the anticipated market direction. Do you see the small “S” signals symbolizing the Strength trades? We use the ATR (Average True Range) to determine the profit target. In this case, the ATR was a little above two points (using a Period setting of 4). We round down the ATR, so the profit target there was 2 points. Did you know you can set the Atlas Line to produce trades based on various market open sessions? Yes, you can cause the signals to be based on the European open, for example. This is also possible for the ATO 2.
If you’re more interested in the ATO 2, jump to the 5:00 mark and review. Like the Atlas Line, the ATO 2 will produce signals soon after the market opens. However, the signals are based on entirely different principles. If you’ve watched some of our videos, you can see how both systems occasionally “agree” on the anticipated market direction. We believe using multiple systems to confirm trades is a great technique. Are you using just one trading system? See what we have to offer. The best way to get and learn everything we have is our eight-week Mentorship Program that begins Nov. 14, 2019. Register soon because we have students inquiring daily!