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Day Trade to Win's Atlas Line (daytradetowin.com)


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Day Trade to Win's Atlas Line (daytradetowin.com)

  #71 (permalink)
 
Slipknot511's Avatar
 Slipknot511 
Springfield,Missouri, USA
 
Experience: Advanced
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From what I've seen on the AtlasLine videos, there are three setups... 1) a bounce off the line, 2) a trade through the line, 3) a reversal at the line. So it's not as simple as people are suggesting.
I have no idea what the rules are. JP seems to have a good way keeping them secret. They are not published anywhere. You have a 1-on-1 with him where he explains the rules. Good model for keeping it a secret.
Other than that, I have compared the clone with the videos he posts, and the lines are exact. So, it's only a matter of finding what the rules are to accurately determine if this thing even works, or will be robust. The probability is not in favor of it remaining profitable long-term, if it is even profitable now.
The difference between a winning system and losing one is often as small as 50% vs. 65%. It's really easy to fudge that small of a difference when marketing a product. With the 1.5:1 risk:reward, this system needs to be 70% just to break even.

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  #72 (permalink)
 cjsiding 
WA,USA
 
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Razor, the double bar long means 2 closes above the line, double bar short means 2 closes below atlas line.

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  #73 (permalink)
 
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 djpl8 
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From personal experience and common sense leave day trade to win alone. Unless you like to give money away.

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  #74 (permalink)
 emini_Holy_Grail 
Dallas,TX
 
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can someone pl explain how do we really trade off this ORB?
and if possible, link to current ORB indictaor

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  #75 (permalink)
 
YulinYao's Avatar
 YulinYao 
Washington Crossing, PA
 
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Hi:

! am an elite member. Please tell me how to make an Atlas line of my own?

Thank you.

Yulin

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  #76 (permalink)
 
Slipknot511's Avatar
 Slipknot511 
Springfield,Missouri, USA
 
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emini_Holy_Grail View Post
can someone pl explain how do we really trade off this ORB?
and if possible, link to current ORB indictaor

In my experience, it takes more than just an indicator or a set of rules. Price reacts to the opening range, but in different ways. One day it may act as support or resistance, then next day it may breakout. A third day, it may be completely irrelevant. You need to be able to read the market and price action to determine how to trade it.

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  #77 (permalink)
bigkahuna
USA
 
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First, I want to preface this by saying this is NOT a post to bash anyone. It’s just my personal experience and opinion with DTW and John Paul. Yours may vary.

I have been trying to make the DTW methodologies work for me for more than a year now (don't laugh).

To begin with, I, like so many other frustrated traders, was attracted to DTW because of its simplicity. It seems like most DTW clients stumble upon the DTW website because they are newbs or they had purchased one of the many day trading scam systems on the Internet and were not having the success they thought they’d have. The DTW methods are very easy to understand and follow, making them ideal for less experienced traders looking for a system. At only $600 and a money back guarantee, they figure, “What do I have to lose?” If they purchase and begin using the ATO method during a good week or month, they say to themselves, “This is what I’ve been looking for.” They may even post their feedback or video on the DTW website saying how great the system is. Many of the testimonials used on the DTW website are from traders who had purchased the system and had instant success with it. Then, inevitably, the worm turns and they have a bad few weeks or months. Those 5/6 point stop outs really begin to add up and decimate their accounts!! Especially when they happen twice in one day. Like last week, Aug 4th and 6th. Brutal.

My theory is that many traders simply give up and decide to move on to look for another methodology. I assume that’s why there are very few (if any) posts on the DTW site forum from anyone who has been trading these methods successfully for more than a year. I’m NOT saying it can’t be done, but you need to be trading a heck of a lot more than 2 or 3 contracts to make a living using the ATO method. JP trades 20 contracts. But he can afford to. The DTW website says that it has sold “thousands” of ATO courses. Do the math people! We are talking millionaire here. God bless America!!

Add to that the $180,000 (300 courses @ $600 per course) he took in from the sale of his Trade Scalper course he offered for the first time a few months ago, and the $1,800 a pop Atlas Line he sells and you can see why JP can more than afford to trade 20 contracts. Heck, he can trade zero contracts and still make more money in one year than most of us combined will make. Can you afford to trade even 10 contracts?

JP offers a mentorship program for the bargan basement price of only $6,000 (used to be 8 grand I believe). I have no experience with this so I can't comment on it. I do know that he provides you with a laptop pre-loaded with all his price action indicators including the AL. I believe the program lasts aboout 6 weeks during which time you will meet with him over the phone for one hour 3 times each weeek. That breaks down to $333/hr he is charging. Sounds like a lot of money to me but I have no idea what other mentors charge so again I can't comment on it.

I’ve had minimal, sporadic success at best using ATO. I am not a 100% believer in his Chase the Trade method. I’ve actually had some success using the original scalping method that also comes with the ATO eBook and have had limited success using the Trade Scalper and X5 trading methods both of which he just released (as stated above) a few months ago. Yes, I've dished out some coin to John Paul. Anyone laughing yet?

What about the Atlas Line you may ask. The jury is still out on that one but I'm reserving total judgement until I've used it for a few more months. The one thing I have found ironic about it is this; If you plot a line in the opposite direction to the AL using the same degree of angle, you can come up with a similar (albeit opposite) narrative. “Price crossed here and continued in that direction,” “price bounced off the line here,” etc. Try it and come up with your own narrative. Then again, maybe I just have too much time on my hands. LOL

Posting his daily ATO results with his exact entries, exits, stops, and re-entry prices would go very long way in convincing those of us who have bought (literally) into his methods that he is legit. Otherwise, it just looks like window dressing. He stopped posting his results on the DTW website a few months ago because he had been getting too much heat from disgruntled customers who realized he was skewing the results as other posters have mentioned. He also recently began filtering people's posts on the DTW site forum which is a HUGE red flag in my book.

If you have any specific questions, I'd be happy to answer them.

Best of luck to everyone


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  #78 (permalink)
 
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 shodson 
OC, California, USA
Quantoholic
 
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bigkahuna View Post
First, I want to preface this by saying this is NOT a post to bash anyone. It’s just my personal experience and opinion with DTW and John Paul. Yours may vary.

I have been trying to make the DTW methodologies work for me for more than a year now (don't laugh).

BK,

Thanks for your post. It takes courage to post something like that when you're opening yourself up to people that might ridicule you for being a member of DTW.

I've never paid more than $1K for anything in trading, except for bad trades toward my tuition and a lifetime license of Ninjatrader

However, the only exception was the $2500 I paid for a 3-day course on options trading from Optionetics in 2007. Looking back I could have learned what I learned from them for free on the OIC website or CBOE's educational website, but the most valuable education I received is that I learned how little I knew about the markets. It was a very Platonic moment in my journey.

I used to follow David Marsh at eminitradingstrategies.com and came really close to dropping $2.5K on his stuff some time ago but realized from some others that invested in his stuff to not bother with it and they gave me all of his materials that they paid for. It was trash to them.

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  #79 (permalink)
 
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 Blash 
Chicago, IL
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djpl8 View Post
I bought the daytradetowin system on a lark. It is a range break-out system and you will lose your a$$ in the long run. Should be called the snake oil daytradetowin system. The Atlas line is more smoke up your behind to take your money! There is no short cut to profits. Study, study, study and study some more to be profitable. In the end this is the only way to become successful in this business.


Hear, hear.

Ron


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  #80 (permalink)
 Leafcutter 
Munich, Germany
 
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Hi, I have to admit I haven't read through all of the posts on this thread at this point, I discovered it here by accident. This is my first post on this super cool forum. The 100 bucks that I invested here at the beginning were really more than worth it!aumen:

In any case, I can only warn you: These overpriced signals are an absolute scam and do not work.

Why do i know? Because I also fell for the smart videos by John Paul - if his name is really that - and bought the entire course and the associated NT add-ons for several thousand euros and really dealt with it extremely intensively. SHAME on ME - it would have been better to invest this money for a cool holiday or so.

Believe me or let it be: NOT ONE of the DDTW strategies is profitable, it just doesn't work. I back-tested the signals several times, which was quite time-consuming, as the indicators cannot be easily integrated into a NT strategy because the code is not accessible. The fact that the strategies are bullshit can simply be seen from the fact that the stops are often five times the targets.

For example, the targets for the Tradescalper are 4 ticks and the stop is 20 ticks. This looks optically on the chart as if there are so many more winning trades than losing trades that it works. But logically it doesn't. The RR is laughable because the risk is 5 times higher than the potential profit and even higher if you take the fees into account. The decisive factor, however, is that with fast movements with market orders you often don't get the fills that you need and the market often does not come back to the trigger with limit orders. The tradescalper works in such a way that a signal is triggered every 15 minutes if a swing high or low is broken. Trading takes place on the 2-range chart or on the 1-minute chart.

The biggest joke is the draft horse of DDTW, their so-called "ATLAS line". It is marketed as the Holy Grail, so to speak. In truth, it works even worse. I've figured out roughly how it is calculated, but that's a little too complicated to describe here. In short, it is formed from the range that the market has moved in the last 6 hours, if that's still right in my head. But you could just as easily draw an arbitrary diagonal in the chart - it wouldn't work any better or worse.

The ATO2, about which there is quite a stir at DDTW, is also the cheapest rip-off. Anyone can really program it themselves with the simplest means and the Strategy Builder. Here simply the break of the opening range of the first 15 minutes is traded. Not more not less...

The remaining strategies that you buy on the side are also nonsense and so unspectacular that you don't have to mention them here.

The training program, which lasts - I donīt quite remeber - 14 lessons or so, at first view seems to be very competent. They explain to you in great detail how to trade the strategies, so that you get the feeling that it is money well invested. However, what is not explained to you even after asking several times is how the signals came about. They make a big, big secret out of it and even the teacher pretends not to know how exactly they work as they are the secret creation of godlike Tradig genious John Paul ;-)

So to get to the point: "DaytradeToWin" is nothing more than clever marketing for those who are looking for the holy grail willing to spend a lot of money instead of learning to understand how markets move. They sell you shit for money - in other words cheapest indicators that bring a huge bottom line loss, mostly on a daily basis.

In summary I can only say: Folks, please save your money, DDTW is a brazen rip-off! Like most signals that can be bought, by the way...

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Last Updated on October 29, 2021


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