This live webinar video starts off by showing two of our trading systems, the Trade Scalper and Atlas Line, applied to the same E-mini S&P 500 chart. We like to see signals from multiple systems indicating the same direction. This was the case with the short (sell) signals provided by both systems. The Atlas Line short signal occurred earlier following by additional short/sell Strength signals depicted with an S. The Trade Scalper signal occurred about eight candles later, which would be eight minutes on a 1-min chart.
At 2:42, take a look at the ATO 2 (At the Open 2) signals. Again, we see another short signal. With NinjaTrader, you can easily open multiple charts and arrange them so that all signals from your various trading systems are available to you. The ATR (Average True Range) is used to determine the profit target and stop loss. We discuss this at length in the included customer-only training and in many of the public videos on our website.
At around 6:10 in the video, we teach the free ABC Method. The first 2.5 hours of the day from market open is the A section. The B section is the following 2.5 hours. The C section is the final 1.75 hours (one hour and 45 min.). We use a vertical line tool to draw two vertical lines at the designated times, thus dividing up the sections. Essentially, the ABC Method focuses on finding breakout opportunities that occur when price exceeds the high or low of the previous section. To help with this, you can also draw horizontal lines to identify the breakout zones. Feel free to apply the strategy to other market open times, such as the London session. The explanation for the ABC method completes around 26:00 in the video, so you get 20 minutes detailing how this all works.
The last portion of the video focuses on new signals that occurred while the ABC Method was discussed. John Paul avoids the Trade Scalper long signal because price was below the Atlas Line. If the Trade Scalper produced a short signal instead, this would have been in line with the Atlas Line, and John Paul would have had more confidence in the trade. That Trade Scalper signal wouldn’t have worked out, so that’s why it’s wise to use both the Trade Scalper and Atlas Line. Check out the Roadmap software shown at 27:40. This Roadmap software is exclusive to the eight-week “trading bootcamp” we offer called the Mentorship Program. Our next class begins April 28, 2020. It’s a great way to learn everything. We’re seeing a lot of interest lately because of folks like you looking for at-home income opportunities! Click here to learn more and enroll.