One of the fastest ways you may be able to improve your trading is by using two trading systems that work together to confirm signals. The ATO 2 and Atlas Line work synergistically, as seen in the video below. Both strategies use 5-min charts and work well in markets like the E-mini. On average, the ATO 2 may generate a couple signals per day. In comparison, the Atlas Line may generate up to four, on average. If you like the ATO 2 but one or two trades is not enough, you want more ways to confirm entry signals, you want a tool that confirms overall direction, you want to take trades after the first couple hours of the trading day, then Atlas Line is probably a welcome addition to your trading arsenal. If you are using the Atlas Line and you feel that you’re missing out on some potential winners during early market hours, want to confirm if the opening market move is consistent with the direction predicted by the Atlas Line, then the ATO 2 is a great addition. Some traders also like to use the Trade Scalper as well for even more opportunities. The Trade Scalper uses a one-minute chart, but that’s a whole other video to be made.
In this video, the ATO 2 was the first to produce a signal. It was a short around 9:55 a.m. EST when price reached 2750.50. Take a look at the ATR. If the ATR is at about two points, then two points is the approximate profit target. Using a period value of four, the ATR is the main tool to assess risk as well as profit target and stop loss values. Without a profit target or stop loss in place, you are subjecting yourself to greater risk. Always use a stop loss, at least. If the stop loss is too “tight,” it’s possible that regular market fluctuations may tag you out sooner than preferred. That’s why John Paul uses a dynamic value that’s based on volatility – what the market can reasonably produce at a given moment. Generally, slower market conditions user smaller stops and faster conditions require larger stops. If the market is too slow or too fast, stay out. All of the specific rules for his approach are taught during the included live training.
For beginners or advanced traders who want to reduce the learning curve to just eight short weeks, the Mentorship Program is the best choice in DayTradeToWin’s lineup. The instruction is taught in a live webinar room. No need to step away from your computer. If you need NinjaTrader or assistance setting up the live data practice environment, that’s included. The goal is to learn about 10 different trading strategies and know how and when to apply them. The methods are all based on price action, not some abstract or outdated approach. The main market you’re taught how to trade is the E-mini, although other markets are covered. The trading coach can even provide specific values for your preferred markets. The material is taught sequentially with practice involved. This is important because it gives you time to absorb the information and practice. NinjaTrader has a Market Replay feature which makes after-hours practice a breeze. Furthermore, the training is recorded, so you can log in and playback each of the video lessons. Traders from years ago who need a refresher apparently can still log in and refresh.