Using Price Action with the Euro Currency (6E)

On March 7, Day Trade to win’s John Paul took some time to answer questions about one of his favorite markets, the Euro Currency (6E). The Atlas Line produced around four long order signals in the morning between 9:30 a.m. and 11:00 a.m. These order signals were excellent for confirming scalp trades.

As soon as price dropped below the Atlas Line, a short order was produced. Again, this was an excellent trade – price fell allowing for massive points. Not to be outdone, the Atlas Line recognized a pullback trade as price started to climb again. Pullback trades are taught in the live webinar directly by John Paul. Using the Atlas Line, there is no need to second guess yourself – take charge of your trading!

euro currency trading

Rely on Price Action During News Events

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.”

Price Action and News Events