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I have spoken to John over the phone, and he has shown me how the Atlas works. Sadly, because of this forum and the belief in some more experienced traders I decide to walk away.
But, I saw this post today:chart.ly/5hcy38
so I also have to give credit where credit is due! It was posted at time way before the market has drooped. I take the responsibility to buy it or not. But, I wonder if someone does trade these methodologies, or most of the guys here are competitors?
This Forum so far has been only “don’t buy this!”“he is a scammer” about all programs that I have checked so far….and at times I feel that it’s just the easiest thing to say to look good about any vendor out there. I regret not trusting my intuitions and subscribing to this“internet bullying” from many on this forum. Here is what I believe: most educators in this business could only provide a reference for trading to develop a methodology, and I never look at them as the crystal ball, despite my lack of experience. Maybe now the evaluation will be from a different angle, such as“is this a good trading block”? as oppose to“does this make money”?
The bottom line is that I wish people have used more objective advice,in evaluating products and helping traders
Just a thought…no need to jump back and bite.LOL
I think I agree with what you are saying in that it's very easy to dismiss any and all trading vendors as charlatans. On the other hand, most folks who have purchased any type of trading information from a vendor would be likely to say the product was over-stated and under-performed. Concerning the Atlas Line - I have no idea whether it has merit. Here is what I do know: the fact that it worked on a given day is almost meaningless. Second, about a year ago when I was considering the ATO method from the same vendor who promotes the Atlas Line, I had email correspondence that led me to believe his results were over-stated. To be more specific, at that time, daily results were posted. Trades that achieved 4 points in profit were always counted as 2 points on half contracts and 4 points on the second. However, when trades only moved 2 points in profit, they were counted as 2 points on all contracts. Unfortunately, it's not possible to know in advance when a trade hits 2 points of profit whether or not it will continue to 4 points. So you either move your stop to break even at 2 points, in which case some trades will get stopped at break even for no gain, or you take 2 points on half your contracts and move your stop to break even, in which case some trades will only profit those 2 points on half contracts. This might seem subtle, but it will dramatically skew the results one is able to attain - and they would not be remotely close to the results suggested by his performance records at the time. It is exactly this kind of dis-ingenuity that causes such skepticism about vendors in general. Another aspect of this discussion is the fact that trading is a skill that takes a good deal of time to acquire. It's not particularly easy and often, even when very good information is supplied by a vendor, it still doesn't translate into profitable trading for the purchaser. Many people think they can buy a course or find a specific indicator combination that will automatically morph them into profitable traders. If it worked that way, then everyone who went through the Investools training would be making fistfuls, or everyone who took the Pristine classes would be raking in bucket loads. In reality, only a persistent few, those willing to put in the time and do the work, climb to the top of the trading ladder.
I had to see it to believe it. but its true - So before the market crashed the Atlas Line posted "Stay Short" or something like that. Well if JP is putting his trades out there for the world to see PRIOR to events instead of after the fact i give him *some street credit. you don't see that too often.*
I am not giving "JP" any credit. You guys should start a trading method thread with AtlasLine like Zoethecus did with the Viper system and show us how often it works. Based on this guy's track record I am predicting that his predictions suck
,
Glad to know someone posts real trades. Atlas Line was posted on chart.ly today too.I made sure it wasn't a one shot deal.
Soooo to me it legitimizes the method. If there was something to hide why would JP post intra day charts for the world to see? I for one prefer to follow the trade setups of someone who shows what he is doing and not afraid to put it out there. If you got the goods prove it and show it. And that's exactly what JP is doing. If you can't do what he does, then why insult the guy? don't be jealous, instead post your own trade setups, add something worthwhile to the community.
If you want to save your money, just use Ichimoku indicators and you would have been short the ES since before the market on Tuesday using a 1 hour chart for the trend. I purchased the DayTrade2Win for education purposes and it doesn't work long term. Also, you can't use a 2 point profit and a 5 point stop and be successful long term.
