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Has anyone heard of or know about Day Trade to Win's Atlas Line? I am wondering if it works, I have heard really great things about it, especially how great it works on the 6E and 6B. For $1,800 I want to get as much info on it before I buy it.
Also, does anyone know the logic behind how this trend line is derived?
Can you help answer these questions from other members on NexusFi?
He claims to trade price action and has some pretty comical videos trading on NT market replay where his targets aren't filled but tells everyone they got filled anyway. I am always interested to see what indicators and systems these guys use. I have …
I've heard rumors that the Atlas line is used by hedge funds. I also talk with a few traders on skype that have used a trial version of the Atlas who swear by it and have shown me screen shots of their trades.
Did you save the screenshots? I would love to see them. Maybe we could figure out what he is using. I haven't heard anyone here talk about John Paul's stuff used in hedge funds. I would be pretty surprised but what do I know?
another thing that ppl talk about here and rumored to be used by hedge funds is the VWAP indicator...but my tiny brain still can't figure out how to use that yet
I was talking to some other traders who have the Atlas and it caught a 50 pip move on the 6E this morning. Triggered a long signal at 1.3621. These other traders have been having winners every day this week. Surprised nobody in here has heard of it.
Well if you draw a straight line on a chart every day, price is going to move 50 pips past it sometimes. That's not really a rational way to evaluate of a secret method. According to your posts, you know multiple people that have and use the product. I would ask them for as much data as they are willing to give you, and then ask them for more. That would be the most efficient route to getting an honest feel for the product.
As a former insider, I'd be surprised if the rumor you are spreading is true, BTW. The hedge funds I've had contact with don't want consumer products for retail platforms, by and large. I suppose anything is possible, though.
in more professional applications like reuters or bloomberg, if you open a quote window, the vwap is a standard feature like bid and ask. often portfolio managers will give orders, and the traders will guarantee the vwap. if the execution is better, than the trader made a profit and if execution is worse he'll have a loss. so vwap is very common for many years.