Tag: trading methods

Atlas Line trading November 1 2010 Recap

Trading the Atlas Line Recap for Nov 1st 2010. The Atlas Line™ is a phenomenal tool to catch moves like this when the market reversed after the news event. I never trust the news reaction and look for conformation of the price before entering the trade. ATO (at the Open) also caught the move which was double nice. The 2nd trade on the Atlas Line™ is the pullback trade following the rules there was no reason why not to take it.

Multi-Market 2010 Recap Video

Two simple rules of the Atlas line are demonstrated: price trades above the Atlas Line = buy only, price trades below the Atlas Line = sell only. A four two five point trade with price below the line was possible. We check out a few more cases in other markets (Canadian Dollar, British Pound, etc.) where the Atlas Line leads to big point winners.