Tag: stop loss

Day Trading Principles 2016 Live Webinar – Part 1

This is the first of three videos from the recent live price action webinar. In this webinar series, John Paul discusses the following: Using the ATR The importance of having a trading plan Knowing when to stay out Slow and fast cycles Targets, stops, and relative conditions Expectations for future price action (similar trading days, back-to-back) How to handle immediate price movement towards the goal Time-based stops Money management and staying disciplined/conservative Determining the profit target and continuation of the move Handling overbought and oversold conditions, momentum, and expectations Atlas Line and an example of filtering a trade You can...

Stop Losses, Profit Targets and Live Charts

Recorded last week, John Paul pulls up his charts, shows off the Atlas Line and provides valuable information to beginner traders. Here’s a list of the highlights: – 2:00 – Why most indicators will not be helpful to your trading – 6:00 – Three stop strategies we like to use – 23:00 – Best markets of trade with Atlas Line and in general – 24:00 – Atlas Line Strength and Pullback trades (note the actual techniques are taught in the client-only webinar) – 26:00 – News events and stop losses – 29:00 – Atlas Line on NQ market – 33:00...

Today’s Atlas Line Trade on the ES

Here’s today’s ES trade using the Atlas Line. A rather choppy period gave way to our Long order signal, produced automatically by the Atlas Line at 1327.25. With a direction and entry price, we immediately entered. Based on real-time market conditions, we knew exactly what our profit target and stop loss should be. John refers to three stop losses. Although it’s not possible to use all three at once, we have the remaining two in mind when necessary. Trade management is taught in the live training that’s included with purchase. As price would have it, our target was quickly hit...