Monday, October 24, 2016

Finding Morning Trades in the E-mini S&P's John Paul makes his case as to why the morning session is the best to trade. E-mini S&P futures is what you'll see in the video below. By the "morning session," this refers to the first 2.5 hours of the day, starting from 9:30 a.m. During this period, automated trading algorithms and big trading firms come out to play. They influence the market's volatility, and market movement can lead to great opportunities.

One of the ways to gauge volatility is to use an indicator called the ATR (Average True Range). John Paul uses the ATR with a Period of 4. This means the average price of the last four bars is displayed. This value determines his profit target and stop loss. He only trades based on where he expects the market can reasonably reach. One of the stops he uses is the catastrophic stop. It's double the current ATR value rounded down to the nearest whole tick. By trading this way, he attempts to avoid increased risk where the market can suddenly take off or drop significantly. He believes it's best to trade when the market is between 1 and 5 points on the ATR.

The Atlas Line, a popular trading tool offered by DayTradeToWin, has a number of features. In many cases, it can provide a long or a short entry signal prior to a big move. If price is continuing to trend below the line, there as still trades you can take. Pullback and Strength trades are examples of this. When an intersection occurs and there are two closing bars on the opposite side of the line, a Dbl Bar Long or Dbl Bar Short signal will appear.

The ATO software appears in this video. This was the first course John Paul offered and is now exclusively available in the eight week Mentorship coaching program. This strategy is all about finding trades with the initial market movement. The next Mentorship class begins Nov. 3, 2016 and will be on Thursdays and Fridays from 4 p.m. to 5 p.m. EDT (UTC-4).

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