Group Private Mentorship is back with another eight week session.
The new session begins Monday, February 13, 2012.

Normally, we would have waited an additional month to start a new session, but demand has been so great that we’re starting earlier. That means the limited seats will fill up quickly.

>> Register Today <<

Remember, group training includes:
• Eight weeks of live training with DTTW founder John Paul
• All courses and software with lifetime licenses and digital books
• In total, 11 unique methods to trade price action are taught – unlike anything you’ve traded before
• Training goes above and beyond the written material
• Look at each day’s activity and ask questions to improve your understanding with expert insight

As a trading coach, I get this question asked a lot – “how many contracts should I trade?” It may surprise you that there is no simple answer (one, two, ten, etc.). There are several factors to consider when answering this question.

Brokers usually advise clients on how many lots they are able to trade based on account balance and margin requirements. Some brokers offer as little as $500 margin per lot to trade E-Minis or currencies. Other brokers require much more. Want to hold a position overnight? Expect a change in margin requirement, as daytime and evening margins differ.

When discussing contract quantity with my students, I often point out the psychological requirement of trading multiple contracts – the “can you handle it?” factor. First, you must be comfortable with how it feels to take a loss with one contract. After trading one contract, taking a loss and then recovering, you will have gained confidence in surviving the trading game. Regardless of how much money you have in your trading account, you should be able to trade one contract with consistent success. Once satisfied, you should then stick with two contracts and advance accordingly. Again, the idea is to overcome the fear of losing by taking a loss while still following the rules, recover, then maintain consistency. You must work up to trading five or 10 lots by being successful with one or two. The amount of time you stay at each contract benchmark is entirely up to you. Traders who start out with 10 contracts get psyched out because of the overwhelming profit or loss in a short period of time. Instead, follow the trading rules (my courses are entirely objective) like a machine to reduce emotional mistakes. Start trading live with one contract, move to two when ready, and so forth. My goal is to start you off trading correctly and sustainably using methods that actually work. We want to be in this for the long haul.

I (John Paul) may not have a crystal ball, but I have a prediction of where 2012 will end up. How can I be so sure? Although you may follow my real-tme price action methods of day trading, know that historical analysis has played a major role in my trading career. Most traders are unaware of one strategy in particular that relates to the month of January. Going back in history, you can verify that the first month of the year is an accurate predictor of how the year will end (up or down) in the E-Mini and related indices. As an example, January 31, 2012 closed higher as compared to the opening price on January 3, 2012. This gives us a strong indication that 2012 will end higher (in December) as a bullish year because of January’s activity.

How can you take advantage of this? You can buy the December contract right now. You can buy options far into the future. You can even buy the cash market and sit on it. Analysts use this method every year as part of their strategies.

Another forecasting method that most traders are unaware of is that every year ending in a 5 is a bullish year for financials. You can verify this by going back in history to the early 1900s. Without fail, a bullish year occurs when the last digit ends in with a 5. Without requiring advanced mathematics, the next year this is expected to occur is 2015.

Conclusion – the year 2012 is expected to end bullish as compared to its opening price in indices. The year 2015 is expected to be bullish.

Here’s today’s ES trade using the Atlas Line. Rather choppy movement gave way to our Long order signal, produced automatically by the Atlas Line at 1327.25. With a direction and entry price, we immediately entered. Based on real-time market conditions, we knew exactly what our profit target and stop loss should be. John refers to three stop losses. Although it’s not possible to use all three at once, we have the remaining two in mind when necessary. Trade management is taught in the live training that’s included with purchase.

As price would have it, our target was quickly hit thus providing $750 using 10 ES contracts. When the ES is moving as slowly as it’s been the last couple of months, we have to be careful to avoid the chop and capitalize on those rare moments when price decides to make a run for it. After this initial trade, there are plenty more opportunities. If price continues upward, we can look for Pullback and Strength trades. If price decides to move downward and intersect the plotted Atlas Line, we would then switch to short trades. Always have a plan when you trade – don’t take trades on a whim! Let the Atlas Line guide your trading.

This video will show you how to objectively determine whether a market’s activity is too slow to trade. In less than seven minutes, John Paul will set you straight on when to “stay out” based on ATR (Average True Range). Using the correct ATR parameters along with value ranges, you can quickly assess an instrument’s tradeability. The E-Mini S&P has been relatively slow within the last month, with the ATR less than 1.5 points during morning trading hours. In the afternoon, the ATR often drops to three ticks. This video also shows John using the ATR with Euro Currency Futures, providing exact values to look for when seeking optimal trading conditions. Being a consistently successful day trader requires that you know how to reduce risk. Further training is available to Group Mentorship students. Sign up for the next eight week session today. Lessons begin Monday, February 13.

As you’re probably aware, we at Day Trade to Win always use NinjaTrader when trading, in our videos or otherwise, as our preferred trading platform. Kinetick is NinjaTrader’s solution for fast, unfiltered, real-time market data for Stocks, Futures and Forex. Kinetick is optimized for NinjaTrader 7 and designed to exceed the expectations of the most demanding traders. This is why Kinetick is our preferred Market Data Service.

You can join a free Kinetick presentation to learn more. Upcoming product demonstrations will teach you how to supercharge your NinjaTrader 7 experience with fast, unfiltered data. You can email register@ninjatrader.com or visit www.kinetick.com for more information.

What makes Kinetick a superior data service?

Speed – quotes are sent directly from the exchanges to your desktop instantaneously

Unfiltered – see the world’s futures, forex, stocks, ETFs, and market metrics at a tick-by-tick level

Reliable – professionally managed, fully redundant data centers guarantee high availability

Optimized – brought to you by the same folks who know NinjaTrader the best – NinjaTrader!

Affordable – take advantage of FREE end-of-day-data (10 year’s worth of stocks, futures and forex) and eliminate those pesky CME fees

Real-time News – although we (at Day Trade to Win), always advocate staying out of volatile news announcements, you can stay in the clear with Kinetick’s real-time news (RTT News, PR Newswire, etc.)

By popular demand, here’s the webinar recording from last Friday (January, 13, 2012). As you’ll see, it was a profitable day as the Atlas Line provided Short signals right before the big moves in the ES (E-Mini) and 6E (Euro). John leaves his live charts running, so you can see how price moves in relation to the signals.

In case you’re not familiar with the Atlas Line, you’ll see it as the dotted pink line on the chart. The software also produces entry signals; the first of which appears on the 6E as a Dbl Bar Short at 1.269. Shortly after, you’ll hear the doorbell sound, indicating another short entry – this time on the ES. Two consecutive closings below the Atlas Line is what triggered the entry. What about stops and profit targets? These are discussed in the video and the live training that’s included with purchase.

When you’re provided with an exact direction and entry price, trading becomes so much easier. As stated many times, the included training covers everything you need to know. You can ask John Paul questions directly. What are you waiting for? Purchase the Atlas Line today.

Purchase the Atlas Line

Wouldn’t it be great if you had an automated solution to tell you when to go long or short and at what price? That’s exactly what the Atlas Line can tell you. In this video, the first Atlas Line signal of the day on the ES (E-Mini) appeared around 10:00 a.m. when price was at 1287.5. John then placed his entry to go long exactly at the provided price. Profit targets are always based on what the markets can produce (volatility) as determined by the ATR (Average True Range). Using this information, we know to go for a profit target of 1.5 points (6 ticks) based on current market conditions. You’ll also notice that the stop is placed automatically using NinjaTrader’s ATM strategy. Stops and targets can be adjusted on the fly by dragging and dropping the Chart Trader markers on the chart. If necessary, John will switch his stop to a Time-based, but usually relies on the Prove-It if market conditions are not going in his favor. Each stop type as well as profit targets are taught in the live training session that’s included with purchase.

Really, trading can’t be any simpler. That’s the goal of the Atlas Line. Consistent results. See our previous post below showing the trading results of the last three months.

For each of the last three months (October, November and December of 2011), we totaled the number of days traded in the month, determined the month’s total profit or loss and the month’s daily average profit or loss. Here are the results using the data that’s been posted on the Atlas Line Results Page every week…

Atlas Line Results – December, 2011 (21 trading days)
Total # of ticks Profit or loss = +181 ticks (or +45.25 points)
Avg. # of ticks profit or loss per day = +8 ticks (or +2 points)

Atlas Line Results – November, 2011 (23 trading days)
Total # of ticks profit or loss = +228 ticks (or +57 points)
Avg. # of ticks profit or loss per day = +10 ticks (or +2.5 points)

Atlas Line Results – October, 2011 (21 trading days)
Total # of ticks profit or loss = +285 ticks (or +71.25 points)
Avg. # of ticks profit or loss per day = +14 ticks (or +3.5 points)

Note that the decline in ES volatility toward the conclusion of 2011 created fewer profit opportunities. We think the results speak for themselves. Purchase the Atlas Line with a six month or lifetime license.

Watch John Paul make 1.25 points using the Atlas Line while teaching one of his students. The other voice you hear in the video is a one-on-one Private Mentorship student who is asking John questions. Normally, when John is training his students either in the individual or group Mentorship classes, he focuses on teaching instead of trading. When a profitable and educational trading opportunity arises during lecture, John takes the trade. Watch the video to see how the Atlas Line’s Long signal is used along with a target of 1.25 points. You’ll see a fairly large stop (Catastrophic) in place as indicated by NinjaTrader’s Chart Trader, but this is not used. If the trade started to move against him, John would have used a Prove-It stop in this case, triggering when price closes below the plotted Atlas Line. A second Time-Based stop is also kept in mind, but not used as price eventually hits the target. Each stop strategy along with the entire method for trading the Atlas Line is taught in the included live training or in Private Mentorship (if you prefer to learn everything we offer).

Remember, let price prove to you how it wants to be traded. Also, have a defined entry and exit strategies in mind before each trade. This keeps risk management in check and makes your trading objective.

Find out more:
Private Mentorship
Atlas Line