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And if there's a chart that you'd like to see ask me i'll just bring it up. Well before i did that there's a short signal here so 32. 15, 50. Short. So 32, 15, 15. Short is a signal, on the, the trade scalper and it's i have the trade scalper here as well. On this chart. So it's. If you're going to take this trade it's very simple, take a look here, at. The atr. I would say three and a half points. Is the move. To the short side. So let me just put here a ruler. See what three and a half points looks like. Like so. That's the goal. And if within the next four or five candles, if it does not, reach. This target. 32, 15. 50, to about 30 to. 12. Out of the trade, we've given it enough time, for it to work. So, that's the signal. That's the target. We have a time-based, stop, a catastrophic, stop. And that's it. Very simple. We don't have to over complicate, it if you want to use your own. Type of uh filtering, that's great. There's nothing wrong with that, i don't have any filters that i could recommend. As far as, averages. And, macd's. But that would be. The goal. Anyone have any questions. Paul let me know if you're okay with that, alan steve. Jamie. Now also. When you look here at the atlas, line, if the market. Drops, below the atlas line, and the way that the atlas line works, is that there's, two. Consecutive. Candles, that need to plot. In order for signal. To be. Seen or to be developed. So, i know in advance, that if this, stays. Where it's at right here. This stays where it's at and there's another, candle which is here. And it also, closes. Below the atlas line there'll be a signal to go short so i can prepare in advance. To go short. And it's an atlas line short only if we have two. Consecutive. Candles, closing. Below the atlas line so at the moment, we only have one. Closing if this candle happens to close, below. The atlas slide. I'm not sure if you can hear the sound but there's a sound alert, that alerts you. An audible alert, and you'll see the text as well now if it doesn't, let's say that this, candle closes, above, it resets. And so what you have is another, signal. To go. Long. Based off of two. Consecutive, candles now crossing, and closing. Above the atlas slide so as long as this, here. Closes, below, we have a short if it doesn't, and we have another candle here. In in about a minute, you'll see a long. So that, way. We know and we can prepare. In advance. For, a long trade, or a short trade now again if this comes down, and closes, here. We haven't. Yet produced. Two, consecutive, candles closing. Either above or below so until that happens. You won't see a signal so that's. How. The atlas, line produces, the signals. With evidence. That the market, is, giving us two candles, whether it be a five minute chart, in this case it's a one minute chart, but the rules are exactly the same, nothing changes.
So If we have two candles here this will be. A uh, a long, right we have one. And we have two, so as long as we have that you'll see a signal and then. Again look at the atr, it says 3, and, 3.9. So again. If you, are conservative. Three points, three and a half points. Okay. So, long. 32, 15 50. To go long, it's actually the closing price, of the second candle that's, the distinction. Of the price so 32. 15 50 is the entry, to go long it's the closing price of the second candle. Three and a half three points so that looks like this. That's the goal. Right, atr, tells me that's the move. That's how i look at it. Don't over complicate, it if you have, your own filters, that are saying no, don't. Buy the market. Uh it's risky, then great. We filter them out i'm just using the atlas line to produce the signals, to tell me to go, along. All right, excellent, yeah of course if you want to take just, um. One, point. Or. Two ticks, with a lot of contracts, right another way to play this. If you if you have a large account right if you have a large account. And. You want to just take, two or three ticks. With, three or four contracts. There's nothing wrong with that. That's another way to play it if you're just trading with one contract. Though, i would try to go. A little bit closer, to the atr. Or a little bit larger of a profit target, that's correct. So in this trade right here we always have to look steve says what about the stop, right let me just forward this. The stop steve. Is. Always based off the current conditions, again the atr, so if i look at the atr, it's 3.4. I know that my stop, has to be, at least. This, value. If not. A little bit, larger. To keep me in the trade because. What this is telling me is that the move. On, each candle. From high to low. Is going to be equal, to this. So if i have a stop that's one point or two points that's never. Going to. Um, help me because i'm gonna get knocked out prematurely. Or it's gonna i'm gonna be knocked out unnecessarily. Just on the whip saw, so the stop, always has to be larger, at least a little by little bit, in comparison, to the current atr, so, going back here if i look at this signal. To where the atr, was, at three and a half points i would say that i'm at maximum. Should never risk more than five points. On a trade like this. If the atr is smaller. Let's say it's at one point, then you should only risk two points. If the atr. Is let's say at two points, you should risk a maximum, of four, but you should, never ever risk, more than five points on any trade. Ever. Alan uh do you like do you hear from others that. They do not like an atr. Over x i do not like. I do not like over, three. Most traders like the atr. Over, a set. Stop, and set target. Because we're not guessing, alan i think that's your question. Most traders. Prefer to know. What conditions. Exist. And they could tell right away whether or not they should be taking the trade if this is too much volatility, for you and the stop is too large, i already know it and i'll stay out of the trade. If, the market is too slow. Usually. If you look at, overnight, trading, or if you look at last year, and the atr, is at one point or three ticks that may be too slow and i also know it's too slow so it's impossible for me to try, for points, i have to go for ticks.
So Use the atr, as a guide. To tell you what you can expect. From a move and also. To know the distance, that these candles can travel. If you have a stop that's too tight, you'll get knocked out. Oh i see if the atr's, over three. I understand, okay. So if the atr. Is over three. Instead of five. Uh obviously. The, the risk is higher with the higher the atr, and you know the more, uh. Stop you have the larger the stop you have to have, also the larger target you have to have, so if the atr, is above three and if you think it's too much. Of a risk, to be trading. You can say i'm not taking any trades over three there's nothing wrong with that. That's just being conservative. And only trading when the market is, uh normal and healthy, and not over chaotic. That's right, alan. Allen's. Absolutely, right so you can, recover, from a small. Loss. Or smaller, loss but it's very difficult to recover from a larger loss. I like that. That's exactly the way. Uh that you should be thinking. So if you only like to see. The. Atr. At three, or lower. In order to keep that risk. In check, that only take trades. When, the atr's, less than three or if you want to go to a smaller, time frame let's say 30 seconds as opposed to a minute, you can also do that because that'll bring down the atr. Now, for the, atlas, line this. Resets, it, so you see how this, red candle closed below. If we have another candle that closes below you'll see a short signal. To go short at whatever closing price bar number two happens to be but. It seems as if we may have another. Flip-flop, or a log where it closes, back above. If this candle. Also now closes, a second time. Consecutively. Above the atlas line, we'll see another long signal, similar to what happened here, where it came down here to reset, then we have one two. So if this is the reset. It never. Gave me the opportunity, to close. With a second consecutive, candle below the atlas line this may be. Another opportunity to go long. And you'll see it in a moment. As soon as that candle closes and if it stays. Above the atlas line. It'll be an opportunity to go long, so you can already prepare. For the signal. Before it happens. Look at the atr. If the risk is within reason. Look at the target, the stop. And the entry will be probably, close to 32.15. When this candle closes. All right. So there you have it 32, 15. To go long. Now the stop. Again. Has to be, maximum, of five points. If this is too much risk for you. Then, avoid the trade don't take the trade. Let me just put here, a ruler, to show you what that looks like. That would be a. Target. Right there. Any questions. Anybody. See anything, else. Anybody going short. Going against this. Now again, uh the time-based, stop element there was a question about the time-based stop. Uh i forgot who asked the question but, you know you don't want to be in a situation, where the market's not doing anything and just chopping around. And that's why. The. The importance, of limiting the amount of time that you're exposing, yourself to the market exists. So let's see what happens here with this with this signal. Two ticks, okay. That's okay if you just took two ticks on the trade, there's nothing wrong with that. Uh but, two and three quarters of a point would be the goal, right, that's where i really want to see the market move to. Uh, to say that it went, at least. One times the atr, close to that that's the goal. That is the ultimate goal, and then you can trail a stop, i have a trailing stop video, if you haven't seen it already it teaches you the way that i like to trail a stop. And, you'd, be able to get out of the trade. With a little bit larger of a target i don't like the trail stops. Uh and believe that it's going to continue. The whole day, but if you are able to take a little bit more on a trailing stop that's fine, so, so far this has been one. Two. Three, four candles, in the trade and we're probably, right at. Um. A. Couple takes. In profit territory. I would say if it doesn't do anything by the next candle. As far as reaching the target. Um. I would. Look to exit the trade, right because it's, really just going sideways. So after one. Two, three four by this candle here, if nothing happens.
If It doesn't reach that target which is here. My recommendation. Is we've been in this enough time, let's get out of the trade. Look to. Um. You know take a break even a small win a small loss which is acceptable. But we don't want. And i'll tell you this from experience. The, large, losses, is what really hurts. And we're trying to avoid, that, at all costs, we don't want to have a loss. That will. Like. Alan, said ruins the day, right when it's a large loss. So. Uh you can recover, from, a, small loss that's not. Really going to hurt you it's really going to hurt you as a trader, is if you hold on to these losing trades for far too long. So time they stop. Prove it stop. Pivotal, stop. Catastrophic, stop they're all there to protect you. All right allen any questions for me paul. Steve. All right. So, i don't see currently, any. Signals, on the trade scalper. I'd like to see another scalper, move here. To give you an example, of. Maybe a long on the scalper, on the trade scalper. And that way. We can finish the day. And our, our webinar, here with the next, with the next trade here. Isn't that always the case. Alan. Seems like they're always, out to get you right. Steve are you using, um. Market orders, or, limit orders, when you trade in the demo or the sim, when you're practicing. Because with a limit order, you will never get slippage. In. The simulator. Or, in live you should never get slippage. If you're using, market orders. Either way you'll get slippage. Well you should have no slippage, whatsoever. When. When you close it so for example. If you place the trade here let me show you this here, for a sec. If you placed here. A trade. Right, to go, long. And it's a limit order. Order submitted as an example, right, and you have here. A limit order order to sell. Once you get filled, when this hits your limit order. When this hits your limit order there should be no slippage, whatsoever. Steve. Right so if you get filled. This is the exact fill of the slip, without, uh. Slippage. And when this. Order fills gets hit there's no slippage, it's no slippage. When using limit orders, if you use a market if touched which is green as opposed to blue. This is, order. Mit, this converts, into a market order. So, yes you will get slippage, maybe even slippage in your favor depending, on how the market is working or if you exit the market. Or it depends right if you enter. Short. First and then you, exit, long. This will convert, to a market and you should expect slippage. But mit. Market have touched. It acts like a, limit order how you place the trade but it converts, into a market order steve. When you manually, close, yes that's, it's getting out at market steve, so if i. If i was in the in this here. For example if i was short order, and i. Close, this out here. And just click close. This closes your positions, at market.
This Converts into a market order. Like that that's a market order, and when you click close, it, it also closes all the other positions. On the dome, so you don't have any outstanding, positions. That can possibly get filled. In the future. So yeah so if you're using the close button. Uh you have to. Think about how they're executing, the trade which is, at market. Okay so this is a trade scalper signal 32, 20 75. Long. That's it. 32, 20 75. Long. Or as close as you can get to it. Don't chase it. Long, on the trade scalper. That's it. Simple. And straightforward. Yeah two points, i would say that's a good target, two points if you even just want to take a point or point and a half, and you have to remember. With scalping, it's usually not in points, but because we have the. Atr. At this high. Uh. Number. Right it's not saying, three ticks or four takes not just at a point, that's the reason why you can take a little bit more, but, sure, if, you want to just take a point. Uh thinking that it's just scalp trade, no problem whatsoever. That's. Completely, fine. What i wouldn't do though. This is very important i would not chase it if you, were able to get, 32, 21, or 32. 20 75, or even better, great but if you, entered long, here. Already. Two points. Above, where the signal, occurred, i think now you're chasing, it and you're not really positioned. Well. As an entry. All right. Just expand that out like that. And, two points. Will look something, like this here. And the trade scalper, course and the training explains how the signals are created. It explains. Um. Everything you need to know about managing the trade. We provide, the training videos. And the live instruction. So we try to really. Give you all the information that you need for this. Correct, correct steve, that's accurate. Two points based on the atr, is what can you expect now, if you look steve, at the atr, it's getting slower. Meaning the cans are getting smaller. It's now below two points, right. So what that means is that your target. Of. Two points may not be hit may not be met, right it may not reach that that point so if you. Decrease, this to a point three quarters. Try to get the ruler, here. Like so, that would be. The goal, because now you see the candles are getting smaller the market's tightening up we're adjusting. Our target. Because the market is slowing down but if it increases, let's say the volatility, increases. I wouldn't adjust my target i would keep it the same it's a great question so if you miss a signal, on the scalper. How long can you wait until before, it's too, long. Well. If the. We have to think about it in two ways, paul it's a great question. First, has it already hit the target. So if it hit the target, already. You have to essentially, say you missed the move right because now if you take the same trade twice we'd like to see. This signal. Do this or the trade. Mimic itself, twice and i don't think, we can always count that happening so the first thing we have to consider. Is whether or not, the target has already been met or hit if it has. Then taking the trade a second time is risky. Okay. But let's say that you missed the signal. And it hasn't hit target yet but now you have an opportunity. To get in, let's say, five minutes later.
Can You do it yes, the answer is yes. There's nothing wrong with entering. If it hasn't hit the target, as of yet five. Even ten minutes later it's still. Underway. Waiting for it to do something. But if it has already hit the target, i would let it go. Or i would be careful. If you're going to take, that trade again. A second time so, for example. Here. The entry. Hit the target, if it comes back down. Will you take it again, and i would have to say no. It's already made, the move, i look for the next signal. I would not take this a second time, at 30 20. 20 75.. All right everyone, hopefully you got to see, the trade scalper, in action, the atlas, line. In action. Email me if you have any questions. July 22nd. Is the next mentorship, class which includes. All the software, abc. Roadmap. The news indicator. The at the open. The price action scalping. Multi lines indicator, the x5. So we. Package, this. Where you get all of the courses and all the software. In one bundle. And we also provide you videos in advance. Before the class begins that way you can start learning and start trading. And practicing. Even before. The class begins so if you have any questions. Email us give us a call i'm happy. To go over it with you if you want to learn more about trading, visit, daytradetowin.com. Subscribe. To the day trade to win youtube channel, the next mentorship, class. Where we cover, all of these methods. With lifetime licenses, for the. Software. You.