Day 5 of the ATO 2 Challenge: Can We Achieve a Perfect Week?
Hello Traders! Today marks the fifth consecutive day of using the ATO 2 system. Let’s see if we can maintain our winning streak and beat the market five days in a row.
For those of you who missed our progress earlier in the week, you can catch up on the action by watching the previous videos linked in the description.
Recap of Days 1-4
Before we dive into today’s trades, let’s quickly recap the first four days of our ATO 2 challenge:
- Monday: A strong start with clear signals leading to profitable trades.
- Tuesday: Continued success as we navigated through market volatility.
- Wednesday: Another win, showcasing the system’s adaptability.
- Thursday: A more challenging day, but we still managed to come out on top.
Now, let’s move on to Day 5 and see if we can keep our streak alive!
What Market and Charting Platform Are We Using?
For today’s trading, we’re focusing on the E-mini S&P using a one-minute chart on NinjaTrader. However, you can use any charting platform you’re comfortable with, such as TradingView. The ATO 2 software is compatible with both NinjaTrader and TradingView and is included with our accelerated mentorship program.
The ATO 2 System: An Overview
The ATO 2 system is a price action strategy designed to be simple and effective. It generates two types of signals:
- Main Signal: This is the primary signal we’ll be using today.
- Chase the Trade: An additional signal for when the market starts moving quickly, allowing you to catch the momentum.
For today’s example, we’ll be focusing on the main signal. Let’s look at the setup for today’s trade.
ATTO 2 Short Signal
We received a short signal at 5414 on the E-mini S&P. While you can enter this trade using either a limit order or a market order, I prefer limit orders to ensure precise entry points. The goal here is to go short based on the ATO 2 signal.
Setting Targets and Stops
Next, we determine our targets and stops using the Average True Range (ATR). The ATR helps us gauge market conditions and set realistic profit targets and stop-loss levels. Today, the ATR is around three points, so we aim for a profit target of $100 to $150.
Live Trade Execution
This trade is being executed live, and I’ll upload the video within the next 15 minutes so you can follow along in real-time. Remember, this isn’t a market replay; it’s a live demonstration of the ATO 2 system in action.
Training and Mentorship
Don’t forget, we offer live training every Friday for those enrolled in our mentorship programs. Whether you’re trading the E-mini, Dow, NASDAQ, or currencies, our sessions provide valuable insights into using the ATO 2 system effectively.
Final Thoughts
The ATO 2 system is designed for traders who want a quick and efficient way to trade. It’s ideal for beginners and can be applied to any market. Based on price action, the system avoids complicated indicators, focusing solely on the movements of the market.
If you have any questions, feel free to visit Daytradetowin and subscribe to our YouTube channel for more videos and updates on using price action in your trading.
Until next time, good trading!
