You’re Invited to Tomorrow’s Webinar!
When: Tuesday, August 23, 2011 10:00 AM US/Eastern
Webinar Link: http://www.omnovia.com/event/44101314029563
Attend and pick the markets you want to see traded live: currencies, futures – you name it!
E-mini Atlas Line Trading August 18, 19 and 22, 2011
The Atlas Line on the E-mini today had a short setup at 1136.5 on a bounce trade. Based on the current market conditions, two to three points were possible. Remember, when we trade based on price action, we only trade on what the market can produce. There were also Pullback trades. John Paul then scrolls through to Friday’s E-mini activity. The early Dbl Bar Short signals did not work in our favor, but the multiple long signals definitely made up for it. On Thursday, a signal Short signal was all we needed for the day. You can really get an idea of how accurate the Atlas Line is. This is an unfiltered, day-to-day recap.
E-mini Atlas Line Trading August 22, 2011
This video shows the rest of the day, continuing where we left of with the last video. John Paul places a live order on the short side based on an Atlas Line Strength setup. The trade was good for $1500. This Strength setup, along with the Pullback and other unique setups are taught in the webinar training session with purchase. John also goes over the three different types of stops and how they are used: Prove-It, Time-Based and Catastrophic.
Also, it’s worth mentioning that the Atlas Line is included with purchase of the eight week coaching program. The Atlas Line is used in combination with other price action methods to achieve a level of unparalleled price action understanding.
What a surprise today! Price tanked by a large margin similar to market behavior a couple of weeks ago. The Atlas Line® was spot on prior to this huge move down. If you knew to stay out of long trades and go short, you would have reaped the benefits. The Atlas Line produced a short signal at 1151.75. So how did this work out? At 1:50 in the video, you can see a perfect example of how going short was great, offering multiple Pullback trade opportunities. Later in the day (near market close), you can see an intersection. Remember that the day trading education class (at a reduced group rate) begin Monday, August 29. The Atlas Line works for other types of futures trading and currency trading for NinjaTrader, eSignal and TradeStation. Such wide support is possible because the Atlas Line is entirely based on price action.
When two consecutive closings appear below the Atlas Line®, it’s time to go short. The Atlas Line plots a Short order text signal when this occurs. In the video, you can see how this rule works in our favor using a live trading account.
John uses three stops for trading most of the time: a Catastrophic Stop, a Prove-It Stop and a Time Based Stop. These are mentioned in the video. In the live training session that’s included with purchase, John goes into more detail about these stops and the many trades that are unique to the Atlas Line. This short trade was worth about $1000 profit based on the amount of contracts in use. eSignal and TradeStation are also supported. NinjaTrader is John’s preference and is used in most of our videos and coaching lessons. Remember, the Atlas Line works for more than just E-mini trading. Many traders use the Atlas Line on markets like the Crude Oil and Euro on a daily basis. Because the software is based on price action, trading these other markets can be done on-the-fly, with no need for configuration. The Atlas Line looks on how price has performed up until the current moment before producing order signals. Day trading coach John Paul will show you how to correct the time zone parameter to market open time based on your time zone.
Today 8-12-11, John Paul daringly takes a live trade during volatile E-mini market conditions. His entry was based on the Atlas Line®’s exact entry red Dbl Bar Short signal you see printed on the chart live as it happened. The Atlas Line® automatically produces these order signals ahead of time, letting you know in advance where to be be (either long or short). You’ll notice that John calls the short signal before the Atlas Line produced it. The Atlas Line® rules and objective way to trade are taught so you know these orders in advance too!
A profit target of 5 to 6 points is used which is based on the ATR (Average True Range). He uses two stop types – a “Prove It” stop and a “Time-Based” stop. Both stops are taught in the live training that’s included with purchase. He’s going for 6.25 points, equivalent to $1562.50 trading five contracts. If you took a similar trade, you could be done for the day in just a few minutes! John Paul then moves his profit target up shortly to eventually take 4.25 Pts or $1062.50 of Profit.
In two weeks, we will be offering an extended, late summer sales event for the Group Private Mentorship Program. The Atlas Line and all other DTTW software and methods are included. It’s an excellent deal! To found out more email [email protected] or call the toll free 888-607-0008.
Did you get your $200 per contract today?
That doesn’t even count the Pullback trades the Atlas Line provided…just the initial short trade!
Again, here’s another large down day trading the Emini. The Atlas Line was dead on telling us to go short 1235.25 due to two consecutive closings. The last couple of months, the E-Mini was very slow. The ATR is now around 3 to 4, showing an improvement in volatility, making for better trading. In the video, John acknowledges non-US traders who prefer to trade the E-mini’s overnight Globex session. Overnight, the Atlas Line produced a short entry at 1257.75. It’s important to check the ATR if it’s above 1 before trading the overnight session. Many times, the ATR is not volatile enough to produce decent results. In this case, we recommend moving to a market with more volatility. This applies to other strategies besides price action trading.
John Paul, day trading coach, teaches traders how to recognize opportune times for trading along with identification of custom Atlas Line trades the the Pullback and Momentum setups. This day trading education is included with purchase of the Atlas Line.
For those of you who missed today’s webinar, the room was at capacity with traders eager to see how the Atlas Line performed in their favorite markets. John Paul took his time answering questions about the Atlas Line software and the Power Price Action method. Both methods are entirely based on price action yet are separate in how they are used to achieve profit. The Atlas Line focuses on trading using the angle of the plotted line and generated signals. The Power Price Action method focuses on identifying unique setups to determine entry.
The following coupon code was given away during the webinar. It’s active for a limited time and can be used with all products…
10% Off All Day Trade to Win Products = POWER10OFF
(Use this coupon code in the shopping cart after clicking the purchase on your preferred product)
The Atlas Line spotted a long trade before it occurred on the E-mini at 1249.25. This long move was worth 4.5 to 4 points of profit. When price started to drop as indicated by the three red candles (five minute chart), the intersection of price with the Atlas Line indicated that it was time to go short. Further confirmation was prvided by the short signal at 1242. These order signals are autoamtically displayed on your chart and can be toggled off. In the video, John also shows how the Atlas Line can be traded on the overnight Globex session. Notice the nice long trade at 1248. In tonight’s webinar at 5:00 p.m. US/Eastern, we’ll go over the rest of the day after this video.
Again, here is the room link:
See you there!
Here’s video showing the Atlas Line’s performance the last two days under short trade conditions on the E-Mini S&P. With the deadline for the debt ceiling drawing near, the markets reacted with increased volatility. The video shows consistency using price action trading system despite uncertain economic conditions. This would have helped you as a trader knowing whether to go long or short the entire day.
Come see how the Atlas Line performs. Attend the webinar – August 3, 2011 @ 5:00 p.m. U.S. Eastern
Here you can see John Paul trading 10 contracts live in the Emini S&P. This is a quick, to the point video, so John doesn’t mention right away that he’s using the Power Price Action strategy as taught in the four DVD course. The trade he takes shortly after 11:00 a.m. today is worth 1.5 points, or six ticks of profit, equivalent to $750 when trading ten contracts. Not all traders have 10 contracts (or prefer to trade with this amount), but this profit scales up/down accordingly. In fact, John recommends starting off with simulated trading, then moving upwards in the contract count once comfortable with the method. Needless to say, the trade quickly turns in his favor as indicated by NinjaTrader’s “order filled” chime. John’s busy mentorship schedule doesn’t always allow time to trade the morning session like he prefers, but he saw this setup while teaching and decided to record the trade. The four DVDs, color training workbook and eight weeks of training will confirm your understanding of this proprietary method, including the three stop types and a boatload of other tips for trading futures, currencies and (dare we say) forex.
John Paul demonstrates the effectiveness of the Power Price Action method for trading the Euro (6E) currency market. Using nothing but this proprietary price action method, we spotted the PPA setup and traded it according to course rules. No indicators were used to detect the setup, dictate the entry, exit or stop loss. Watch the video to see the setup go in John’s favor in real-time.
The Power Price Action method works on nearly all indices, Forex markets, and futures. Unlike other Day Trade to Win day trading courses, the PPA course is DVD-based. Instruction is spread across four DVDs. Additionally, John Paul mentors PPA students for eight weeks, ensuring the method is fully understood / used correctly. Since this is a price action trading method, it can be used with all platforms including NinjaTrader, TradeStation, MetaTrader, eSignal, thinkorswim, etc.
We try to keep the Power Price Action results tables updated as much as possible.