Trade Taken Based on Long Atlas Line Signal and News Events

It’s always good to check for news events before placing a trade. We have a free news indicator for NinjaTrader 7 and NinjaTrader 8 that shows upcoming news events on your chart. You can also use the Bloomberg Economic Calendar to check for red star events. If an event is about to occur, then you probably want to hold off until the volatility subsides.

The Atlas Line produced a long (buy) entry signal at 2289.75. According to the ATR (Average True Range), current market conditions allow for a profit target of seven ticks. If the target is not hit, John Paul exits the market within a certain amount of time. On a 5-min chart, this time-based stop is four candles or 20 minutes. The prove-it stop gets you out when price closes on the opposite side of the line. The catastrophic is always present – it’s about double the ATR as a safety net and to allow for normal market fluctuations. What happens if a trade does not go your way? A Strength Trade, Pullback, Bounce, or even another Double Bar entry can provide additional opportunities. This is all just the Atlas Line. Other strategies we teach help you filter Atlas Line trades and add to the amount of possibilities that appear when you look at a chart.

Interested in the Atlas Line? Get a lifetime license along with all of our other courses and software by enrolling in our Group Mentorship class. This next class begins Feb. 20, 2017. Eight weeks of coaching are provided. Click here to find out more.

Tagged , , ,

One Response

Leave a Reply

Your email address will not be published. Required fields are marked *

Trading Methods
Education
About
Articles

CFTC Rule 4.41: Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described herein. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Trade Results Disclosure: All trades presented are not traded in a live account and should be considered hypothetical.

Trade/Training Room Disclosure: Presentations are for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account.

Testimonial Disclosure: Testimonials appearing on this website may not be representative of other clients or customers. Testimonials are not a guarantee of future performance or success.

See additional risk and disclosure information and further disclaimers that may help your understanding.

© 2024 DayTradeToWin.com. All rights reserved.

Check your email within 5 minutes for access.
Mark our emails as  SAFE  if they land in your Spam or Junk folders.

10% off  using Promo code:  MEMBER10  

GET FREE PRACTICE ACCOUNT

LIVE DEMO

NEW: Free Member Access – Get the ABC Signal Software

Sign up for a Free Member Account and get exclusive discounts, trading courses, software downloads, videos, and more.

Skip to content
Verified by ExactMetrics