6 years ago

Hey, Welcome to DayTradeToWin.com

Today we saw a 19 point move in the morning, and we were able to easily lock in a 2.5 point profit. The signal came in at 2910.25 -
on the second close below the Atlas Line. The Atlas Line is the blue line right here.

When trading the Atlas Line we use the ATR indicator to decide our profit target - whatever value the ATR show, we average down to the closest tick value. In this case 2.5 points - so 2.5 points is what we can realistically expect from the market right now.

And we reached that profit target within one candle, or 5 minutes.

We could have held on to the position, but it is usually not very wise to be greedy. I rather just take the money and run.

At the moment the market is rallying, but this is happening on diminishing volume, so it is not likely to last for very long.

We are going to get a short signal any second now, we will have a bounce trade as the market bounces off of the Atlas Line.
On the bounce trades we cash in at one point - so so far this morning we have made 4 points - $200 per contract - on a 5 contract position that would be a nice, round $1000.

Go to DayTradeToWin.com to learn more about this strategy with its automated trading signals and you can, we'll upload a new video in the Price Action series later this week so check back for the 13th episode ot the How to day trade using price action.

Until then, good day trading! Risk Disclosure: daytradetowin.com/risk https://daytradetowin.com/risk

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