E-Mini Atlas Line Trading – 1 Day 3 Videos
Featured Articles Slideshow UncategorizedPublished August 29, 2011 at 10:02 pm No Comments
Ever try to figure out the correlation between “positive” news and direction of price? Here’s a tip: don’t bother. Observing enough news events over the years as shown us no connection. If you haven’t learned a few price action news trading techniques from DTTW, it might be better if you stayed out until volatility returns to normal. You can see how John Paul properly manages (and profits from) a news trade in the video above.
As the common expression goes “you can lead a horse to water…” the same applies for trading. As demonstrated in the video above, you can see how the Atlas Line guides John Paul to profitable trading, but it is up to him to place trades in NinjaTrader’s DOM. Unfortunately, this trade slipped by as he was distracted by non-trading related things. Nevertheless, staying collected when missing out (or losing on) a trade is very important. You can’t let emotions get the best of you!
Case in point, the Atlas Line generated a short entry at 1175. A Strength Trade was proven possible by a closing bearish bar candle. A limit order was used to gain entry. The profit targets was then set to two points with three stops in place. A profit of three points was the result. This trade concluded with five total points of profit on this day just trading the Atlas Line (not including other price action methods taught in Mentorship).
