New Blog Posts
- Tradersworld Video Presentation from Today
- Today’s Live Webinar Recording – E-Mini +1.75 Points
- Group Mentorship Begins Tomorrow, May 9, 2012
- Trading How-To Webinar Recorded May 4, 2012
- The E-Mini Through the Eyes of a Mentorship Student
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Atlas Line Update and Recap
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Posted on April 19, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
John Paul shows off a newer version of the Atlas Line that will soon be available. This new version identifies Strength and Pullback setups. Customers will receive the updated version shortly.
On April 18, a long signal at 1383.5 was produced with additional buying opportunities (Strength Trades) indicated by new green “S” symbols below the candle wicks. The overnight session also presented many profit opportunities, despite the evening session’s tendency to be relatively flat. April 17 saw two Long signals, resulting in nice profits if you decided to hold / extend your profit target. To better understand the Atlas Line software, remember to go Long when price is above and go Short when price is below. The entry signals automatically change from Short to Long or vice-versa depending on price’s relation to the Atlas Line.
Tomorrow at 10:00 a.m. US/Eastern, we have a webinar scheduled where you can see the Atlas Line traded live on the markets you pick.
Here’s the link:
http://www.omnovia.com/event/88381319495010/
Atlas Line page:
See more Atlas Line trades
Obama Oil Futures Announcement
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Posted on April 18, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading
Yesterday, President Obama announced a plan to clamp down on oil speculation. The plan introduces increased margin requirements, thereby forcing oil futures traders to put up more money per trade. By reducing speculation through this $52 million margin requirement plan, Obama hopes to stabilize and possibly reduce gasoline prices. Obama has stated this plan is not an overnight fix, but an effort to prevent manipulation and protect consumers.
Experts claim that raising margin prices may increase volatility; the opposite effect of what is desired. Furthermore, it is believed that fewer traders will lead to less liquidity and more volatility.
The plan also empowers the CFTC to allocate personnel and IT resources to survey the markets. Additionally, the penalties for “manipulation in key energy markets” are sought to be increased 10-fold.
Atlas Line performance in CL futures on April 17, 2012:
Click for a larger image
Let us know what you think:
Is this a vain attempt? Are there too many players in the oil futures worldwide for any type of U.S. regulation to matter?
Does this plan interfere with free market principles?
Is Obama’s move entirely political, motivated by the upcoming election?
If this plan goes into effect, how will it change the way you trade?
Trading with a Direction in Mind
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Posted on April 6, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
On April 4, 2012, John took a Short E-Mini (ES) trade as advised by the Atlas Line software. The entry signal (Dbl Bar Short) was produced automatically when price was at 1398. The ATR (Average True Range) was at a value of 1.8. The ATR (available in most trading platforms) provided us with a value to base our profit target on. Our profit target was then moved to a value with a greater chance of being hit. As anticipated, price eventually passed through the profit target, resulting in a winning trade of $1050 at 14 contracts.
Since the Atlas Line provides direction, it is an excellent addition to a trader’s repertoire, as a filter for scalping or any other system. Live training is included with purchase, so you will learn how to adjust profit targets, manage stops, how to configure the software, pick the best market to trade, and capitalize on the Strength and Pullback trades. Also, the Private Mentorship Program includes the Atlas Line and of course, the same live training. A new session of Group Private Mentorship begins May 2, 2012.
DTI Webinar – Trading Price Action with John Paul
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Posted on March 27, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
Yesterday, John took part in an educational webinar event hosted by DTI. The video above shows John’s presentation, where he covered the benefits of price action trading. He also discussed how most traders think, front running trades, essential tools and chart configurations, stop and entry placement, problems with using indicators, exact trading setups, and how to differ your trading style from the herd.
Two of the trading systems discussed in the video are the Atlas Line and Power Price Action. The Atlas Line is trading software that will tell you to enter long or short at a specific price (a very accurate signal). Power Price Action is a 4 DVD Course that teaches a handful of valuable trading methods, the crown jewel of these is the Blueprint Trade. Live training is included with purchase of both products (although Power Price Action includes 8 weeks of training).
ATO (At the Open) Method – Last Three Days in Review
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Posted on March 22, 2012 by JOHN PAUL in Latest Posts, Price Action Trading, Videos
Consistency – we talk about its importance every chance we get. Since its creation, the ATO has been a reliable technique for capturing ES points at the first move of the day. We’re so active teaching new students, conducting webinar events and showcasing products like the Atlas Line, sometimes its good to show the effectiveness of our individual courses. This video shows the last three consecutive days where reasonable returns were possible. The ATO method itself is not black box – you’re taught how to recognize the setup step-by-step, and just as importantly, how to manage the trade with targets and stops. It’s easy, and you’ll probably learn the method within a couple hours. To go one step further, John Paul conducts a live webinar with purchase so you’ll get first-hand training. The signals you see on the chart show the ATO software that’s included (but not really necessary once you are able to recognize the setup).
Using NinjaTrader’s ATM Strategy
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Posted on March 21, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading
How many times have you had price hit your profit target without a fill? Probably over and over again on the same trade, right? And to make matters worse, price then runs away from you, so you’ve lost out on the trade entirely. Yes, it happens to everyone. It’s not just bad luck.
Trading is a zero-sum game. Unless price trades through your profit target limit price, you may not get filled. All electronic markets have a “first come, first served” rule. Your profit target is waiting in line with all the others placed before it. Now, let’s take a look at how we can use NinjaTrader’s automation to achieve better fill results. We’ll accomplish this through the ATM Strategy panel.
The ATM Strategy area can be access through the lower part of the Dynamic / Static SuperDOM. The SuperDOM is also referred to as the “price ladder.” You probably trade with a SuperDOM already, but if not, you can open one via NinjaTrader’s Control Panel > File > New > Static (or Dynamic) SuperDOM. The ATM Strategy feature’s main purpose is to preconfigure profit targets and stops for your trades. There are quite a few options available to configure, including multiple profit targets, different templates to save and load, even alternate stop strategies. For this blog post, we’ll focus on the basics.
With the “first come, first served” rule, speed is important. The faster we place our limit orders for profit taking, the better positioned we are to be filled once the price is tagged. In a roundabout way, we are cheating a little by beating others to the punch. As an example, I have two methods I use to scalp the markets – Price Action Scalping and The Trade Scalper. Each method risks 6 ticks for a stop and 3 ticks for a profit on average. Once I enter into a trade by hitting the market button or entering on a limit order, I need to place my target and stop immediately. If I spend precious seconds fiddling with placing the stop and profit manually, how many other orders have possible been placed ahead of mine? As you can see, automating this process is vital for timely execution. Templates can be created ahead of time for scalping (3 tick profit target with a 6 tick stop), or for any other strategy. To create a template, right click on the DOM in the bottom right empty grey area. A menu should pop up. Since the E-Mini S&P (ES) has been slow lately, my primary template is 8 ticks profit and 16 ticks stop. I can easily adjust up or down once the order is placed if I need to increase or decrease the ticks. I recommend having multiple templates for different markets and different methods accordingly.
Send me your feedback on using the ATM and I’ll offer my feedback if you have questions.
You can download a free copy of NinjaTrader here: http://www.ninjatrader.com/download-registration
Are You a Setup Trader?
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Posted on March 20, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading
What type of trader are you? I was asked this question recently and the first answer that came to mind was “I’m a setup trader.” Now this phrase may be confusing, but it really explains how I look at trading the markets. I teach traders how to identify specific setups in order to validate trades. If the setup validates, then we enter the market. Price has to prove itself in an exact pattern before we consider taking an exact trade with exact rules. How we proceed to manage the trade is equally important. At any given moment, I’m watching price as it plots to see if the pattern matches the rules of the Roadmap Trade, Blueprint Trade, Atlas Line, or any other of my price action trading methods. By having a how, when and why behind each trade, we’re much better off.
Those of you joining me for the next eight week Private Mentorship Program starting on March 22, 2012 will learn 11 unique methods of trading price action. By looking at my live charts during each training session, spotting these setups will become second nature. The first week of training discusses the ATO (At the Open), and like all other courses offered on Day Trade to Win, is included and taught in full detail. Another method learned in later weeks is the Roadmap Trade (available only in Private Mentorship). The Roadmap shows exactly where market manipulation occurs and therefore provides a filtering strategy that works with all other methods in the Mentorship Program.
If you would like to attend this new Group Mentorship Class, it’s not too late. Alternatively, one-on-one lessons are also available for individuals with demanding schedules.
The Gold Fix – An Example of Market Manipulation
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Posted on March 14, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading
Most of you who follow my blog know that I consider to price action as the best way to trade. I also bring to light how the markets are artificially manipulated in one way or another. In the Private Mentorship Program, I demonstrate a way to capitalize on this manipulation – the “RoadMap Trade.” It’s fascinating how the markets are purposely adjusted daily. For those of you trading Gold Futures (GC) using the Atlas Line and/or the Power Price Action method, you should know about Gold Fixing.
Firstly, let’s define what the Gold Fix is. Twice each trading day at 10:30 a.m. and 3:00 p.m. London time, five members of The London Gold Market Fixing Ltd meet via telephone conference to decide the price of gold. These decisions are meant to settle contracts in the London bullion market; however, the implications reach further. The result is a benchmark of gold value used by the world’s financial institutions, markets, mining companies and jewelry retailers. The second fixing of the day at 3:00 p.m. was instituted in 1968 to coincide with the open of U.S. markets. Formerly overseen and conducted by N M Rothschild & Sons, Barclays Capital is the current authority on gold prices. You may recall Barclays Capital as the company that acquired Lehman Brothers’ main U.S. division in 2008. The process to “fix” gold requires each of the five London Gold Market Fixing Ltd members (representing banks) to decide on a single value for the net amount of gold they wish to buy or sell. This value is based on the amount of buy stop and sell stop orders each bank has (proprietary trading) and those placed by clients (brokerages). Once each member has stated a value, the group determines whether a net value of 0 has been reached. If not, the process iterates, with each member adjusting orders. The goal is to reach zero summation. Buyers are charged 20 cents per troy ounce as a premium to fund the fix process; inducing bid-offer spread.
Here’s how the Gold Fix affects you as a trader:
• No one knows what the exact gold fix will be until it is declared by the chairperson. Before this occurs, each member bank representing its own interests and those of clients, plays a high-stakes game of “spoof.” Each bank wants to play its best hand at declaring itself as a buyer or seller depending on the adjusted price at each round (iteration).
• When the decided value is an upward adjustment and exceeds buy limit orders, the limits are hit and demand is reduced. Conversely, when sell orders are reached under an increased decided value, supply is increased. The exact opposite occurs with downward adjustments.
• Speculative traders trade this activity by buying under their limit or selling above it. Note that trading the actual fix is near impossible for private traders, as the settlement condition (London Good Delivery Bar) at 400 ounces is too expensive.
• Purchasers can miss market moves because they have to wait until the fix value is announced to determine how much bullion is worth.
• The five members never release official data regarding how fixes are reached.
Is it surprising that markets are manipulated with things out of your control? As a trader, you should be aware of it – not everything is fair and balanced. If you’re using indicators, you’ll likely be a victim of this type of “fixing” due to a strict, algorithmic approach. Instead, by using price action, you can achieve better results. Our Power Price Action and Atlas Line methods are perfect for identifying trade opportunities in the highly speculative Gold Futures (GC) market.
Yesterday’s Webinar – Live Opportunities Spotted by Atlas Line
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Posted on March 9, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
In case you missed it, here is yesterday’s price action webinar. With many traders in attendance, John shared his live NinjaTrader charts while explaining how the Atlas Line software works. For those of you who are new to Day Trade to Win, the Atlas Line is software that plots a line on your charts and provides exact entry prices and direction (Short or Long) across the most popular futures and currencies. When you have an accurate system that provides the direction to trade along with the time / price to enter, trading becomes much more enjoyable.
Remember, the Atlas Line is included and taught in the Private Mentorship Program. Also, everything else we teach is included to assist with filtering and recognizing opportunities. A new session of Private Mentorship begins this coming Thursday (March 15). Don’t be idle at the Ides – register your seat and change your trading around!
The Atlas Line plotted a Short signal for the CL (Light Sweet Crude), 6E (Euro) and GC (Gold Futures) charts as shown. Providing you took the live trade according to the profit target rules, you would have made out nicely.
Also, if you’re looking for tips on how to trade those unpredictable news events, John explains a plan of action at around the 2:30 mark.
Because yesterday was contract rollover day for CME futures, you’ll also see how to switch to the new contract period. Although this may be common knowledge among professionals, some basic information is provided at around 16:10.
In the E-Mini (ES), a Long entry was given at the price of 1363. This would have also been a nice trade.
At around the 29:00 mark, John explains how to read the ATR across multiple markets. This is important because the value he and others quote involves decimal position moving, particularly when addressing the Euro as compared to the E-Mini.
E-Mini Recap – Three Days of Atlas Line Trading
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Posted on March 8, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
Here’s a trading video showing today’s Atlas Line short trade. Prepare to be held in suspense – the outcome is shown at the end of the video. In between, John describes three consecutive days trading the E-Mini S&P using the Atlas Line software. You’ll also hear John identify Strength and Pullback trades. These unique setups are taught in the included live training along with stop strategies. Remember, the Atlas Line will plot on your charts just as you see it here, so there’s no second guessing your entry price. If you make it through to the video’s end, you’ll see a candle tag the profit target, eventually hitting for +1.75 points.
