A 4-Day Journey with the At the Open 2 Method
Today, we’re diving into an exciting journey of four consecutive days of trading using the At the Open 2 (ATO 2) method.
This powerful price action strategy is a key component of our Day Trade to Win program, making it perfect for both newcomers and seasoned traders. Over the past four days, we’ve seen some interesting market movements. Let’s break down each day’s trades, discuss what happened, and understand more about the system.
If you have any questions about these trades or the ATO 2 method, feel free to reach out. Now, let’s get started!
Day 1: Monday
On Monday, we kicked off with a long trade using the ATO 2 method, which focuses on price action right at market open:
- Entry Point: 5348.25 on the E-mini S&P
- ATR (Average True Range): About 2 points
- Market Movement: 3 points
With an ATR of 2 points, our target was set at 2 points, which the market reached effortlessly. This resulted in a $100 gain per contract, allowing us to finish our trading day early with a solid profit.
Day 2: Tuesday
Tuesday brought another long trade:
- Entry Point: 5358.75
- ATR: Approximately 1.5 points
Even in a slightly slower market, the ATO 2 method proved effective. The market moved between 2 and 3 points, easily hitting our 1.5-point target. For those who trailed their stops (a technique also taught in our program), there was potential for additional gains. The key principle here is to expect the market to move one times the ATR, which it did reliably.
Day 3: Wednesday
Wednesday continued the trend with another long position:
- Entry Point: 5442.75
- ATR: Around 2.25 points
- Market Movement: 5 points
Although the market moved significantly, timing was crucial. The ATO 2 method includes a time-based stop, typically within 15-20 minutes. This trade took about 15 minutes to hit its target, offering either a profit or a breakeven opportunity. For new traders, the advice is to exit if the market retraces to break even, ensuring minimal risk.
Day 4: Thursday
Thursday presented an interesting scenario with two short positions:
- Main Signal (ATO 2): 5434
- Chase the Trade Signal: 5430
- ATR: Around 2.5 points
Both signals were successful, but traders are advised to take only the first opportunity. The market moved robustly, well beyond the 2.5-point target. Sticking to the rule of not holding a trade for more than 15-20 minutes ensured a clear win for either signal.
Key Takeaways
- Consistency: The ATO 2 method showed consistent results over four days, providing clear entry points and manageable targets based on the ATR.
- Risk Management: Emphasizing a time-based stop and ATR-based targets helps manage risk effectively.
- Adaptability: Suitable for various markets, including stocks, forex, and crypto, as long as there is sufficient movement.
If you’d like to learn more about the At the Open 2 method and get access to our software, it’s included in our mentorship program. Visit DayTradeToWin.com, give us a call, or send an email. We’re here to help you succeed in your trading journey.
Until next time, good trading!
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Happy Trading!