Here’s a recent Atlas Line trade. The Atlas Line is a day trading indicator that works with many different markets. The market being traded is the E-mini S&P March contract (03-18). The market has produced some great opportunities lately, despite some trading systems having difficulty with the chop. At around 10 a.m. on Jan. 29, the Atlas Line produced a short signal. Price was at 2869. The ATR was at 2.56. For the ATR, use a Period value of 4 and your ATR will look similar. An ATR of 2.56 translates to a profit potential of about +2.5 points, or +10 ticks.
John Paul was able to enter the trade within about one tick of the entry price. The result was a winning trade. If you had been trading about five contracts, for example, your profit would have exceeded $500. Keep in mind, this is an estimate and there are no guarantees of accuracy with any trading system.
There are several key points to consider when using our trading systems:
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