At the Open 2 Method: A Four-Day Trading Journey
Today, we’re going to explore four consecutive days of trading using the At the Open 2 (ATO 2) method.
This powerful price action strategy is the cornerstone of our Day Trade to Win program, ideal for both new and experienced traders. Over the past four days, we’ve seen some exciting market movements. Let’s break down each day’s trades, examine the outcomes, and delve deeper into the system.
If you have any questions about these trades or the ATO 2 method, feel free to reach out. Let’s dive in!
Day 1: Monday
On Monday, we kicked off with a long trade using the ATO 2 method, which focuses on price action at market open:
- Entry Point: 5348.25 on the E-mini S&P
- ATR (Average True Range): About 2 points
- Market Movement: 3 points
With an ATR of 2 points, our target was set at 2 points, which the market reached effortlessly. This resulted in a $100 gain per contract, allowing us to conclude our trading day early with a solid profit.
Day 2: Tuesday
Tuesday presented another long trade:
- Entry Point: 5358.75
- ATR: Approximately 1.5 points
Despite a slightly slower market, the ATO 2 method proved effective. The market moved between 2 and 3 points, surpassing our 1.5-point target. For traders who opted to trail their stops (a technique taught in our program), there was potential for additional gains. The essential principle here is to anticipate the market moving one times the ATR, which it did reliably.
Day 3: Wednesday
Wednesday continued the trend with yet another long position:
- Entry Point: 5442.75
- ATR: Around 2.25 points
- Market Movement: 5 points
Although the market moved significantly, timing was crucial. The ATO 2 method includes a time-based stop, typically within 15-20 minutes. This trade took about 15 minutes to hit its target, offering either a profit or a breakeven opportunity. For new traders, the advice is to exit if the market retraces to break even, ensuring minimal risk.
Day 4: Thursday
Thursday brought a change with two short positions:
- Main Signal (ATO 2): 5434
- Chase the Trade Signal: 5430
- ATR: Around 2.5 points
Both signals were successful, but traders are advised to take only the first opportunity. The market moved robustly, well beyond the 2.5-point target. Adhering to the rule of not holding a trade for more than 15-20 minutes ensured a clear win for either signal.
Key Takeaways
- Consistency: The ATO 2 method demonstrated consistent results over four days, offering clear entry points and manageable targets based on the ATR.
- Risk Management: Emphasizing a time-based stop and ATR-based targets helps manage risk effectively.
- Adaptability: Suitable for various markets, including stocks, forex, and crypto, provided there is sufficient movement.
If you’d like to learn more about the At the Open 2 method and get access to our software, it’s included in our mentorship program. Visit DayTradeToWin.com, give us a call, or send an email. We’re here to help you succeed in your trading journey.
Until next time, good trading!
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