Here’s the live E-mini signals for today using a couple of our proprietary indicators, the Atlas Line and ATO 2. The first signal shown is an Atlas Line long signal at 2442.75. All traders who use the Atlas Line receive the same signals. The same is true for the ATO 2. The strategies are very different, but as you can see, work very nicely together.
The ATO 2 produced a long signal at 2443 followed by an ATO 2 Trade Chaser signal (ATO-C) at 2447.75. Later, you can see how this trade worked in real-time. Coincidentally, Atlas Line Strength trades appeared around the ATO-C signal. The market was a little slower than normal today. According to the ATR profit-taking rules, price is allowing for about six ticks of profit. NinjaTrader 8’s ATM Strategy feature automatically places profit targets and stop values. Notice the pink/red STP and blue/green LMT values on the chart. Traders who feel pressured to quickly calculate these values should definitely use ATM Strategies.
The ATO 2 is based on the initial push that occurs when the trading day begins. We’re not looking at typical indicators like stochastics, Bollinger Bands, or moving averages. The ATO 2 is suitable for both futures and currencies. The Atlas Line is used by traders for its signals and to filter other strategies. It provides an indication of expected market direction.
In Mentorship, we go over how multiple signals like these can work together to provide a better indication of an upcoming move. It’s always important to trade based on evidence. Click here for details on the next eight-week class.
Here’s a quick video of an ATO 2 signal that occurred in the E-mini on June 13. The provided entry price is 2432. The profit target was 2430.25. That means the trade is worth 1.75 points, or 7 ticks. How much is this worth? Remember that each tick of the E-mini is worth $12.50. Multiply $12.50 by 7 and you’ll get a profit of $87.50. If you’re trading 10 contracts, that profit becomes $875. Remember that slippage, broker fees, and other trading costs are not factored in these estimates.
With the ATO, it’s very possible to get in at price shown in the signal (the entry price). If you get in a little late, it’s not usually a big deal. The average profit target of an ATO trade is greater than one point. Generally, the ATO 2 provides multiple signals each day. The signals are based on the regular volatility that occurs at market open. The ATO works with other markets because increased volatility at market open is common occurrence across many futures and currencies. Stops, targets, and trade management are covered during the included live training. When you purchase the ATO 2, you will receive the signal software for NinjaTrader, a digital course, the bonus ABC software, bonus “How to Trail a Stop” video, live training, and a couple online training videos. Click here to purchase.
Here’s the E-mini S&P with today’s Atlas Line and ATO signals. The Atlas Line’s Strength and Pullback trades provided additional opportunities. Later in the day (the B part), an additional Atlas Line signal was generated. Using the ATR, we can see this signal was worth risking two points. Recently, we’ve seen the market whipsaw back and forth. John Paul thinks this chopping period will soon be over, as markets tend to be cyclical.
The ABC setup also occurred, with price breaking out of the A period (first 2.5 hours after market open). That’s why you see the ABC Short signal. The ABC can be used to potentially forecast a trending day. Look at how the bearish trend continued, with a late-day selloff.
You can get a copy of the ABC software as a bonus with the ATO 2 (click here) or the eight-week Mentorship Program.
Get ready to roll over your E-mini and other futures contracts. Thursday, June 8, 2017 is the next roll date. You’ll be rolling to the September contract, 09-17 What happens if you don’t roll over? You will eventually no longer receive live data on your charts. Therefore, it’s very important that you follow these steps on June 8, 2017 or very soon thereafter. If you’re using NinjaTrader 8, proceed with the steps below. Click here for NinjaTrader 7 rollover instructions. See all the upcoming equity index futures roll dates.
How to Roll Over in NinjaTrader 8
NinjaTrader 8 makes it very easy to roll over:
1. In NinjaTrader’s Control Center, go to Tools > Database Management.
2. Providing you are rolling over on or after June 8, 2017, the ES and other expiring instruments should be listed and checked. Click Rollover. Close the Database window.
3. Go back to your charts. If necessary, select the new contract period in the upper-left of the chart window.
Some traders will only roll contracts over after the majority of the volume has transferred to the new contract. You can watch volume levels on this CME page.
After June 8, 2017, the next roll date is Sep. 7, 2017.
Watch this video to see how the ATO 2 software performed recently over several consecutive days. Want the ATO 2 signals? Click here.
Typically, when a market opens, volatility increases. As the market begins trading, there’s a battle between buyers and sellers. Sometimes the buyers overtake the sellers and vice versa. This battle can be more volatile if international news events occur premarket. The At the Open 2 (ATO 2) is all about taking advantage of the initial rush. The ATO is compatible with many different markets. The software provides entry signals and tells you exactly when to place a trade and the anticipated direction. There’s no guesswork involved. When the market begins to push up or down, the ATO helps find entry opportunities.
As with other our strategies, the ATR (Average True Range) is used to gauge market conditions and determine profit targets and stop losses. This allows the ATO strategy to be adaptive. Risk and goals relate to what the market can reasonably produce at the current moment. Configure the ATR to use a period value of four. If the ATR is less than one point, it’s too slow to trade. If the ATR is above 4.5 points, then it’s too fast. Generally, the higher the ATR, the greater the profit goal.
In the last couple of days, the E-mini has been volatile. The day the video was recorded, that was an FOMC news event planned for the afternoon. Many traders were on the sidelines waiting for the outcome. Expect more chop or whipsaw until a news event comes out. Afterward, expect a stronger directional move.
Take a look at the ATO 2 long signal at 2397.25. This trade was worth about two points. Notice how the software points to the entry candle. Take a measure of the ATR and you will see why this trade was worth two points. The prior day, the ATO 2 produced two signals: a regular long signal and a Trade Chaser signal (ATO-C on the chart). You take whichever comes first. Watch the video around 14:00 to see how to handle these trades.
New to day trading in general or want to switch to NinjaTrader 8? You need to watch this video.
We covered just about all the basics:
• How to download and install NinjaTrader
• How to open and navigate charts and the SuperDOM
• Recommended chart configuration
• How to connect to a data feed for real-time, simulated futures trading
• How to install indicators and add them to charts
• How to switch between NinjaTrader’s themes (skins)
• How to save your settings (indicator presets, chart templates, and workspaces)
• How to generate indicator licenses for our products
• How to fix common charting problems
We had a lot of ground to cover, so we ran through the material in a quick fashion. Remember to pause the video as needed and practice.
As mentioned, here is our free Get Started Trading Guide.
Also, here is the more advanced SuperDOM video mentioned in the presentation.
As always, we’re here to help. To reach us, visit the contact page.
In this webinar, John Paul shares his live charts and reviews recent days using the Atlas Line and ATO 2 software for NinjaTrader 8.
E-mini volatility is at its highest during first couple hours of the trading day. Use the ATR (Average True Range) with a Period of 4 to find the volatility. Avoid trading when the market is too slow because the movement is often choppy. An ATR between 1 and 4 is ideal for trading. For the E-mini, the bell rings (well, technically not anymore) at 9:30 a.m. US/Eastern. Usually, you can find a couple trades soon after the market open. This is what the ATO strategy is designed to do. By the way, avoid trading at the close (last half-hour), as traders are often pushed out because of a squeeze effect.
• Jump to about 10:00 of the Part 1 video to see the Atlas Line signals over multiple days.
• The Get Started Trading Guide was recently updated for NinjaTrader 8.
• Download the news indicator for NinjaTrader 8 to see upcoming news events on your chart.
• The next Group Mentorship class begins May 8. All of our courses and software are included, plus eight weeks of live training. It’s the best deal – cheaper than purchasing the products separately. Click here to save your seat.
Click here to get the ATO 2
Here are four consecutive days of consistent signals using the At the Open (ATO) method. The ATO keeps trading simple. The course and live training fully teach you how to find the trades on your own without the aid of software. You can also rely on the software signals to find the trades. There are no complicated indicators that are difficult to interpret or provide mixed signals. No guesswork.
Do you see the clearly labeled short entry signal at 2383.25? The ATO 2 software for NinjaTrader 8 expects price to drop, allowing you enough time to place a trade. The same is true for the Long signal for the previous day. The day before that, the ATO 2 software generated two short signals: a regular signal and an ATO-C, which is a Trade Chaser signal. Yes, there are two types of ATO trades the software will identify. The third trading day was another good short trade. Remember, the goal is to get in and out within the first couple of hours of the trading day. Take a look at this ATO review from thebalance.com.
Included with purchase: bonus How to Trail a Stop training video, bonus ABC software for NinjaTrader 8 (provides entry signals), ATO training video, a live training session with John Paul, and email support. We can also help set up your NinjaTrader 8 platform via remote support.
Click here to get the same signals on your NinjaTrader 8 charts.
The Atlas Line was on fire on April 12, 2017. The Atlas Line’s five signals for April 12, 2017 produced +17 ticks or +$212.50 (trading one contract). If trading two or more contracts, simply multiply. Note that slippage, broker fees, and other deductions are not applied. See DayTradeToWin Atlas Line reviews from verified traders.
Remember, the Atlas Line will produce a short signal whenever there are two closing bars below the dashed line. The S signals you see are for Strength trades. The P signals are for Pullback trades. The rules for these signals are taught during the live training.
The first signal appeared at 10:00 a.m. with a short at 2347.25. This trade was worth 9 ticks. A second short signal, worth 10 ticks, appeared at 10:30 a.m. Why are the trades worth this amount? The profit target is based on the current ATR (Average True Range) value. It’s important to trade with reasonable profit target and stop loss goals to minimize risk and increase profit potential.
The remaining signals are for Strength and Pullback trades. You can see the approximate entry positions and outcome. Losing trades are inevitable part of day trading. You need to make sure your system produces more winners overall over a larger time frame. And, as always, make sure you can afford to trade considering the risk involved.
CME (Globex) equity markets such as the E-mini will be closed for Good Friday on April 14, 2017. Expect the markets to resume Sunday evening, as normally scheduled. Click here for the official release (Excel file).
The next trading holiday is Memorial Day, Monday, May 29. The market will halt early at 1:00 p.m. US/Eastern.
Here are all of the 2017 trading holidays…
*All times listed are in the US/Eastern (ET) time zone; the same as New York time. All listed closures apply to CME equity products (futures) such as the E-mini S&P.
|Dr. Martin Luther King, Jr.
||Mon., Jan. 16: Early close at 1:00 p.m. ET
||Mon., Feb. 20: Early close at 1:00 p.m. ET
||Fri., Apr. 14: Closed
||Mon., May 29: Early close at 1:00 p.m. ET
||Tue., Jul. 4: Early close at 1:00 p.m. ET
||Mon., Sep. 4: Early close at 1:00 p.m. ET
||Mon., Oct. 9: Normal hours
||Fri., Nov. 10: Normal hours
||Thu., Nov. 23: Early close at 1:00 p.m. ET
Fri., Nov. 24: Early close at 1:15 p.m.
||Mon., Dec. 25: Closed
Click here for the official listing from the CME website.
Click here to compare the holidays in 2016.