If you’re looking to find many trading opportunities every day on the E-mini and other futures, DayTradeToWin’s eight-week trading school may be your best choice. The Mentorship Program teaches over 10 unique trading methods. Classes are twice a week. John Paul, your personal trading coach, will teach you everything he knows.
The goal is to become a professional day trader after eight weeks. Of course, there are no performance guarantees and you should take time to practice. The next class begins Aug. 28. Click here for details.
The summer months are traditionally slower. It’s easy to find yourself struggling to find decent trades and avoid the chop because price hardly moves. Recently, we’ve seen higher volatility than normal in the E-mini. We’ve seen days where the ATR (Average True Range) has reached about three points repeatedly. It’s hard to say why the markets are more volatile, although it usually operates in cycles of high and low activity.
If you’re trading with tight stops, it’s easy for the market to knock you out of a trade prematurely. That’s why most of the DayTradeToWin strategies use the ATR for profit targets and stop losses.
In the video above, you can see how the Atlas Line can find trades early in the trading session. It’s common to see the Atlas Line produce a long or a short signal within the first half-hour from market open. Buyers and sellers are more active when the market first opens. This surge of volatility can make for better trading.
The Atlas Line uses multiple stop strategies: a catastrophic, time-based, and prove-it. The rules for each are taught during the included live training. The Atlas Line is included with the Mentorship Program or you can purchase it standalone.
If the market indicates that it has the potential to move 2.25 points via the ATR, then it may be reasonable to have a 2.25 profit target, according to the strategy.