See how to make money on the E-Mini S&P during unexpected market behavior influenced by news events.
A week or so ago, President Obama announced a tax cut extension. This announcement was made beyond the normal day trading session, in the evening. As soon as the public was informed, the E-Mini S&P price rallied during the overnight session. By the time the normal morning / day session began, price was coming back to reality. Traders using DayTradeToWin’s Atlas Line were able to make profit despite the drop in price. Many traders went with Long trades because of positive news. This is not something that is recommended – price should be the only determining factor when deciding how to enter and exit. Additionally, use the ATR (Average True Range) NinjaTrader indicator to decide how to exit the market (and what kind of profit to take). Remember, positive news doesn’t mean “GO LONG.” On a similar note, negative news doesn’t mean “GO SHORT.”
Discover how to effectively use the DayTradeToWin Atlas Line for price action trading as taught by by John Paul. John Paul takes live questions from webinar participants. Here’s your chance to see the Atlas Line in multiple markets in real-time!
There are so many ways to use trading platformings like TradeStation and NinjaTrader. If you’ve ever looked at the built-in tools these programs offer, it’s easy to get overwhelmed with the sheer amount of data-driven lines, graphs, circles, etc. that are produced (and this does not include the third-party indicators that are out there!).
If you’re like me and want to follow price action as simple as possible, check out the Atlas Line from DayTradeToWin. I simply cannot say enough about this tool – open NinjaTrader, watch the direction of the Atlas Line, then trade accordingly! The Atlas Line is the only indicator that you’ll need; trust me. I’ve tried my own methods for quite some time and the Atlas Line is the most comprehensive solution.