January 4, 2016 was the first trading day of the year. John Paul takes an Atlas Line trade at around 1997.0. The ATR is around 4.25 points. This means there is a possibility we can expect the market to move about four points in either direction. With the Atlas Line providing a guess as to the direction, we know where to place the profit target. The stop loss and profit target strategies are fully explained in the live training class that is included with purchase. John Paul looks to stay in Atlas Line trades for a maximum of 20 minutes if the profit target or another stop loss is not hit. At about 1:43 in the video, his profit target is filled. This trade was good for around 3 points (24 ticks) of profit. With Atlas Line trades, it is always better to look for price action that is close to the plotting Atlas Line. When price candles are far away, this is often an indication of overbought or oversold conditions.
As a reminder, the next eight week Group Mentorship Program begins Jan. 11 2015. An Atlas Line full license is included. Classes are twice a week: Mondays and Wednesdays from 3 p.m. to 4 p.m. EST (New York Time). You will be coached live by John Paul on all of our trading action trading methods (about 10 total). All courses and software are included with full licenses. Space is limited, so register early and get the first week’s ATO course and software ahead of time. Click here for information.