Tag: price action indicator

Understanding Price Action – How to Find Yo-Yo Bars

Let’s make reading charts easier by understanding what Yo-Yo Bars are and how they work. Firstly, the candles (or bars) on a chart can give clues as to how the marketing is feeling and what to anticipate in the near future. A specific grouping of bars can be an even greater indicator of what to expect. By being able to read a chart, you’ll be ahead of many traders. Much of candlestick terminology is based on the Japanese language. Luckily, John Paul’s basic approach to candlestick interpretation is simple. Knowing a specific pattern is enough. You’ve probably come across these...

Price Action Tells the Atlas Line to Produce Long Trade

» Get the Atlas Line « On September 16, 2014 the Atlas Line produced a Long entry signal on the E-mini S&P. The Long signal occurred when price was at 1978.50 around 10 a.m. EDT. Based on the ATR, John Paul determined a profit target of about seven ticks was possible. The profit target is always based on current market conditions, i.e. volatility as gauged by the ATR. A catastrophic stop loss strategy is used as a safety net. When trading, price can fluctuate, effectively hitting tight stop losses. The stop loss has to be large enough to keep you...

How to Find E-Mini S&P and Euro Trades Using the Atlas Line

It’s time to turn up the volume and open your mind as John Paul demonstrates two unbelievable trades. They’re so good, we’re letting the trades themselves do the talking. At first, he does the unthinkable: going short right after three consecutive large green candles. Why? The Atlas Line said so. Price was headed toward the Atlas Line, indicating an Atlas Line pull back trade (at least two bars pulling back followed by one candle closing in the red). ORDER FILLED. This resulted in a nice 1 point winner based on only on price action and the Atlas Line. Next, we...

Atlas Line Webinar Tomorrow – Don’t Miss!

Not only is the Atlas Line an excellent standalone system, it can filter trades and catch trends as they start. Knowing where price is headed is key to filtering out bad trades. Want to see how this is done live? Want to put the Atlas Line to the test on your preferred market? You’re invited to tomorrow’s webinar, February 9, 2011 at 10:00 a.m. EST. Here’s the link to enter the webinar room: YOU’RE TOO LATE – Please visit the home page at www.daytradetowin.com to register and be notified of future webinar events. E-Mini S&P February 8, 2011 Today was...

Atlas Line Webinar ES, CL, FESX & More – February 3, 2011

Quite a few traders were in attendance to see the Atlas Line traded on multiple markets. In the E-Mini S&P, the Atlas Line generated short signals today at around 9:45 a.m. Price nearly touched the Atlas Line then continued short, as the signal indicated. In the Euro, Crude Oil and Swiss Frank markets, price also tanked, with the Atlas Line accurately advising Short trades prior to price’s descent. The Atlas Line is fully configurable in terms of the types of trades it identifies as well as the line’s appearance. For example, a user can toggle the Atlas Line’s behavior of...