Before we close out the week, we wanted to share charts from today and yesterday. In the following charts, we were running the Atlas Line, ATO 2, and Trade Scalper indicators on a 5-Minute E-mini (ES 09-20) chart in the NinjaTrader 8 platform.
There are many signals, so we added color-coded arrows to help you identify some of the approximate signals and subsequent moves:
- Purple arrows are for the Trade Scalper
- Dark red arrows are for the ATO 2
- Light red arrows are for the Atlas Line
We like it when multiple signals “agree” on the anticipated market direction. We then feel more confident to keep scalping or taking any other type of trade in the same direction. On both days, you can see that direction was short (or sell).
These indicators/methods are part of the many benefits of our eight-week Mentorship Program. You get all the above plus much more. Click here to read about Mentorship and consider enrolling in the upcoming Sep. 15, 2020 class.