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I consider myself to be a very fair person. I think that has hurt me in life because generally speaking, life isn't fair. I like to give people the benefit of the doubt because that's just how I am. But, and this is a big but. When it comes to trading and all the people out there selling stuff, and, having been one to buy a fair amount of stuff, I always come back to the same question. I think this question has been stated before. The question is, if the "thing" is so good and works so well and one can make lots of money with it, WHY WOULD SOMEONE SELL IT? I wouldn't.
After my last post on this thread I ended up buying the Atlas Line indicator with a $200 discount that John gave me for being a member already. While my Initial reason for buying the Atlas Line was for the use of a filter, I've been using it as my market trend indicator every day. Not only has it given me correct market direction every day since buying it, it also saved my butt on Thursday with the huge fall that we had. I know it's easy to bash or throw dirt on educators/brokers/traders or whatever but for what it counts, John Paul's methods are legit and work great for me.
Three ways to make money from traders: First, buy something from someone willing to sell it and then sell it to someone else at a higher price. Second, sell something to someone willing to buy it, and then buy it back at a lower price. Third, market information to neophyte traders. The first two ways take skill and proficiency. The third, takes a website and a classified ad. In general, those using the first two methods do not use the third and vice versa. Do yourself a favor and become an Elite member here before you spend any more money. Best.
That's great Zulu. Congrats. No one else seems to get his methods to work consistently over time but since you can - bingo - you're on your way. As long as you're making money with that approach, don't change a thing, keep your nose to the grindstone and milk that cow until the fat lady sings. All the best for continued success and... for anyone who cares to follow your trades, the methods are available right here at futures.io (formerly BMT). How sweet it is!
I've visually backtested the method but never actually sim traded it, but looks possible with 3 targets of 3,7,10 ticks, because it usually a break out move from the highs and lows of the 9:30-9:50 range. there is this free indicator on the ninja fourm called FHHM or something thats lets u input those times and draws a line on the chart.
Congrats, I'm glad the ATO works for you. I couldn't stomach the 5 point stops that would erase my winning trades. If you are using his methods with a little bit of filtering then use what works. I was pretty consistant with his scalping method, but I can only trade during the day on Mondays and I am not into killing myself mentally for a few pennies. I do alot better with covered calls and options strategies with alot less stress. I wish you the best toward your trading success.