Were You On the Right Side of the Emini?
Featured Articles Slideshow UncategorizedPublished August 19, 2011 at 2:31 pm No CommentsDid the E-Mini pull a fast one on you yesterday? Price was trending downward and then all of a sudden, a large drop in price occurred at 10:05 a.m. Prior to this move, Atlas Line users were told to go short by the Dbl Bar Short signal that occurred at 1151.75. By producing a Short signal over 15 minutes prior to the large red candle, the Atlas Line allowed traders plenty of time to place orders. This is an exact order – no interpretation is required. John Paul, day trading coach, generally recommends against holding a trade for many hours at a time, although the Atlas Line was picture perfect. At market close, price started to intersect the plotted line, indicating it was time to go long. Throughout the late morning and afternoon, the Atlas Line could have been used to determine Pullback setups. Three of these are quickly shown by John Paul. Remember that the Atlas Line is included with the Private Mentorship Group Lessons. Day trading education at a reduced rate begins Monday, August 29. You can visit the day trading education page at DTTW to find out more.
