Let’s look at the Atlas Line performance for today: the signals; why we went long, why we went short. You’ll see how the Atlas Line successfully recognized an upward trend. Later on, a huge candle passed through the Atlas Line. From there forward, it was nothing but short signals. See how the Atlas Line provides powerful signals on its own? It can also help confirm and filter your other techniques.
Soon after the market opens, the Atlas Line (dashed blue line) appears and grows throughout the day in the same direction. In this sense, it’s position is static, though price is free to move around as it always does. When price moves through the line and closes twice beyond it, a long or short signal is produced. If above, a long signal appears. If below, a short signal. The additional Strength (S) and Pullback (P) signals are also opportunities.
What about profits and risk management? The ATR (Average True Range) is used to determine the profit target and catastrophic stop loss. This way, a recent measure of volatility determines the goal and the risk. This allows for more reasonable trading, we feel, than using fixed values that may be outside of recent ranges. In addition, multiple stop strategies come into play. Yes, there is a catastrophic stop, and that is the largest stop that acts as a safety net. The goal is for price to reach the profit target. If that does not happen, it is possible that a smaller profit, breakeven, or loss will occur. If a loss, the loss does not have to be the catastrophic (large) stop loss. Rather, you are trained on specific rules to follow so you can exit at a lesser stop loss. These other stop losses include a time-based stop and prove-it stop.
Once you’re a client, you’ll get access to the Members area. There you will find a link to a live training video and documentation that teaches you how to use the Atlas Line properly.
Also, we have a new Group Mentorship class that begins January 10. Yes, you’ll get the Atlas Line with Mentorship and much more. It’s the most affordable way to get everything we have and learn how it all fits together to form one complete trading plan. Click here for details.