Here are three videos all from the latest live webinar John Paul conducted recently. You will see the signals yourself just as everyone else did on John Paul’s live charts. These live presentations allow traders to follow along and really see that the activity is live, candle by candle, when comparing with their own charts.
Right away, you’ll probably notice the strong moves and sudden volatility at the 9:30 market open. The ATR on the bottom of the chart (the gold/yellow line) indicates such powerful movement. Do you really want to be in a position at that time? John Paul says to avoid the immediate market open. For example, you will see the Trade Scalper signals at this time (the Short and Long) did not work out. In fact, the market did the opposite. Choppiness (best avoided) continued well through the first 15 minutes and into the second Long signal. You may also notice the ATR was above five points for much of this period–yet another sign to stay out when scalping.
For the next part in this series (same live webinar), John Paul discusses the importance of avoiding trading during news events. What follows is a teaching of the ABC Method. Using this price action method, you can find breakout opportunities in the afternoon. These opportunities occur during parts B and C. Entry opportunities in part B will occur based on the high and low of A. Likewise, entry opportunities in part C will occur based on the high and low of B. Once you get the hang of it, it’s relatively simple. We do have an indicator, the ABC Indicator, that assists with plotting the entries automatically, though it is up to you to place the trade. Towards the end of this video, you’ll learn how the ABC Method is related to news events.
What about the Atlas Line? That’s the focus of this third and final portion of the same live webinar. The configuration of the Atlas Line is straightforward. The most important parameter is “market open” which is to receive the opening time of the market you want to trade. These days of electronic trading, what is the market open? The historical open outcry period or the regular daily increase at volatility tend to symbolize what we call the market open. For the E-mini S&P 500, we use “930” (no colon) for the Atlas Line’s market open value.
Although the Atlas Line’s Short signal was correct in that price continued to fall into winning territory, the ATR was too high (and thus too much risk) for ordinary trading. To trade when the ATR is above 5 points on a 5-Minute chart is to consider extra risk as there is much rapid action and volatility. In such cases, one may use the Atlas Line on a 1-Minute chart, as John Paul did. On a 1-Minute chart, the ATR “decreases” and therefore allows smaller profit targets and stops; a more conservative approach.
This video also shows how the Trade Scalper and Atlas Line and work together. With price below the Atlas Line, the idea is to go follow Short signals from both systems; avoid any Long signals/trading.
The video ends with a glimpse at Trade Scalper winners and a discussion of stop loss strategies to maximize performance.
If you want to get the Atlas Line, Trade Scalper, ATO 2, Roadmap, ABC, Blueprint, X-5, and more trading methods in one complete package, our 8-Week Group Mentorship is the way to go. It’s a comprehensive package that provides a daily plan for seeking out the best opportunities. We like to use systems to find only those trades with the highest probabilities, as the theory of doing so lessens risk and maximizes performance. Are you ready to learn more? See all the details on our Mentorship page, here. We also have a courses and software page where you can compare.