Trading System Development – Don’t Trade Alone

Don't Day Trade Alone

If you’re like us, then you have undoubtedly spent hours upon hours of your time scrolling through chart history to see if there is any discernible pattern hidden amongst the candles. As traders, we are tinkers by heart, who choose to make a laboratory amidst a sea of seemingly random price data. Perhaps your market analysis includes the use of well-known patterns or tools such as Fibonaccis (a rigid, mathematical approach) or Elliot Waves (psychological). Either type of approach is subject to the final test – price action, where price is plotted and at what time. This is why trading system development, or relying on any type of purchased system, should be based on the finality of price data. Each day presents new directions, caused by traders breaking from known patterns either by choice or due to news events. While there are those who will only trade / back-test a self-created system, Day Trade to Win is for everyone else who prefers to trade objectively using proven price action. For example, a product like the ATO has stood the test of time as a formidable E-mini trading strategy since its creation almost ten years ago. One could say that it has been back-tested every single day from the point at which it is purchased. One can also make the point that anything that is on the market this long and continues to receive product reviews has to be the real deal. The same applies for other day trading courses at Day Trade to Win. John Paul has done his homework and simply has made the most effective price action strategies available to the every day retail trader.

Day Trader Leaves BBC Host at a Loss for Words

A professional day trader offers his opinion on where the global economy is headed, particularly the Eurozone Rescue Plan effects (or lack thereof). Many regard his views as pessimistic, as he believes another recession is underway, partially led by fear-driven markets and the heavy-handed financial players (Goldman, JP Morgan, etc.). His views take many non-traders by surprise – he speaks rather candidly compared to the canned responses seen on most mainstream media outfits.

There has been some discussion on various forums that criticize this trader’s integrity – is he perhaps trying to sway the market in his favor by injecting his own opinion? He doesn’t appear to be selling and products or courses outright. His input is simply a drop in the ocean.

If the Eurozone collapses, money may be be transferred / infused into the U.S. economy, possibly giving rise to the U.S. Dollar. He may be right that governments do not rule the financial world, private financial institutions are in control. As a trader, you should ready to trade what makes money, up or down, (markets) without bias.

What do you think about his take on the immorality of trading?

Do Individual Traders Have Too Much Power?

rogue trader
This time, it isn’t
Ewan McGregor…

Last week, UBS (Switzerland’s largets bank) announced that an individual, “rogue trader” caused an estimates loss of $2 billion for the bank due to an unauthorized trade. The accused trader, Kewku Adoboli, was arrested on charges of alleged fraud (although UBS did not initially confirm the suspect). UBS expects to recover the loss by cutting 3,500 jobs within the next two years. Today, a Forbes article says the use of the phrase “rogue trader” is mere spin, used for UBS to create distance with the Adoboli’s fraudulent activities.

The following questions remain unanswered and are perhaps best left for personal judgement:

Should there be a formal inquiry into the trading matters of a private institution?
Do you think a single trader should be capable of bringing a company potentially to its knees?
Was UBS just in deciding to cut jobs for thousands of workers?
Was Adoboli secretly acting for the benefit of a hidden party?
How did Adoboli have access to even place these “unauthorized” trades?
What do you think will be the outcome of this case?

Frank D. Reviews Scalping Courses and Atlas Line

Frank D. of Indiana recently switched from trading long term stocks and options trading to short term futures. This switch was the result of a losing short position in the Yen that was contradicted when price skyrocketed due to Japan’s seismic activity in March.

While searching for a new way to trade, Frank came across other day tradings systems and found them to be too convoluted. Frank describes these non-DTTW systems as “an interpretation mess.” He was pleased to see our courses are based on simple price action techniques, using quick analysis without indicators or cluttered charts.

Frank purchased our scalping courses and found success paper trading a week, then moving to live trading with a daily average of $200 using a single contract. Frank also purchased the Atlas Line and has been paper testing the system in recent days. His experience with the Atlas Line has also been very positive.

The best way to go about Scalping is to have both price action methods in your repertoire. The Scalping Mastery Combo Package includes both techniques, the Price Action Scalping Course for the E-Mini and the Trade Scalper (for the E-Mini and other markets). You can find out the difference between both systems by visiting the Mastery page. As always, these techniques are included/taught in the Private Mentorship Program.

New Trading Price Action Live Webinar Recording

If you missed the live trading webinar with John Paul, there is good news and bad news. The good news is that the webinar was recorded and you can watch it below.
The bad news is that you missed the 2 trades he took using the Atlas Line live during the webinar. The room was booked to capacity and there will be a next time, we promise.

If you have questions or would like to sign up for the any of the price action courses, or need mentorship/coaching details please visit the home page www.daytradetowin.com.

First Atlas Line Trade Up 2.75 Points on E-Mini

Today’s first Atlas Line trade was Long Pullback with a target of 2.75 points (11 ticks). We entered at 1181.50. After a short time lapse, we were filled at our exact profit target of 1184.25. Yesterday (September 6, 2011), was another great day on the ES (E-Mini S&P futures). Atlas Line users saw several long signals prior to a long, bullish trend that consumed most of the day. This trend allowed for numerous Strength and Pullback trades. If you took advantage of each setup, you probably made an easy 10 points. Determining where to place profit targets, stops, identifying setups, and other tricks of the trade are taught in the live training session that’s included with purchase.

This Friday, we’re having a free webinar where you can come ask questions and observe the Atlas Line plot in real-time.
When: Friday, September 9 at 10:00 a.m. US/Eastern.
Room Link: http://www.omnovia.com/event/66711315413014

Day Trading for Income – Oscar G. Update

We have a Price Action Webinar scheduled this Friday, September 9 at 10:00 a.m. US/Eastern. Here’s the link to attend:
http://www.omnovia.com/event/66711315413014

That handsome man in the video above is Oscar G. from Portland, OR. You may remember him from a testimonial he did back in July, 2010. Oscar was the first to participate in the Day Trade to Win Private Mentorship Program. In his most recent video, Oscar describes his trading experiences since that time. Oscar is a successful full-time income trader, crediting his success to the support and price action products of Day Trade to Win. He says his most successful month brought in $41,000 due to his Mentorship education with John Paul. If you’re interested in receiving the same education as Oscar, contact John Paul by completing the form on the Private Mentorship Page or call us at 888-607-0008.

5 E-mini Points with News and Atlas Line

Part 1: Making Profit from the Jobless Claims Report
The jobless economic report on August 25, 2011 caused a huge green candle around 9:15 a.m. The candle was the result of traders covering their short positions. Any Bloomberg red star news events are best avoided as the market can unpredictably move strongly. There’s really no correlation between “positive” news events driving price higher or “negative” news events drive price to new lows. To prove this, the jobless report said there were fewer jobs and then E-mini price went up. In the Mentorship Program, John has a couple strategies he teaches his students to create profit out of news event volatility. You can see how he makes the jobless report work in his favor by producing a 3.5 point winner. A twist of irony, eh?

Part 2: Missed Atlas Line Trade – Paying Attention is Key
We post a lot of futures trading videos showing John Paul’s perfect trades. While he’s successful to a very high degree, you can see how trades can slip away from even the best traders who are late to arrive at the party. Paying attention, placing your orders in advance / on-time is key. The Atlas Line produced the right signal on the E-Mini, but because John wasn’t paying attention, it resulted in a missed opportunity of around four points. See how this Short signal shows up at 1175. The trade then starts to run away and John’s limit order does not follow. His only option is to look for Atlas Line Strength Trades and Pullbacks. When trades don’t work in your favor, it’s best to just let them go. Another opportunity is on its way – learn from your mistakes and move on!

Part 3: Atlas Line Strength Trade
Soon after John missed the first Atlas Line trade, he noticed an Strength setup. Using the fact that price was below the Atlas Line, he went short according the the Strength Trade rules. You can see how it would be disadvantageous to chase after price. Hold those limit orders! He sets up a two point profit target with three stops in place. Target filled. That’s five points using the Atlas Line – not to count the other E-mini trading techniques that could have been used.

Finally, we’d like to congratulate William C. from Indian Head, MD for winning the free Mentorship drawing. He will be attending the eight weeks of training with included courses and software along with other enrolled students. If you’d like to enroll, complete the form on the Private Mentorship page and we’ll be in touch with the details. Coaching starts this Monday, August 29.

Understanding the ABC Pattern E-mini Trading Webinar

Many traders attended today’s webinar to gain an understanding of how the ABC Pattern can be used to determine the best times of the day to trade the E-mini and other markets. Traders also attended to see how the Atlas Line signaled trades in real-time. Traders called out the markets and asked questions while John Paul gave answers and shared his charts. Watch the video above to see what happened!

The ABC Method of trading works on all markets including futures, Forex even Spread-betting. Catch a trend early and Catch it correctly with proof. this recording is unedited and will be sure to help your trading.
Traders also have an opportunity to join the upcomming class starting August 29 2011 for 8 weeks. Learn day trading and learn futures trading with this complete emini education which includes the Atlas Line software and all day trading courses offered by John Paul. More information can be found on this day trading complete mentorship coaching program here.

Atlas Line E-Mini Review Last Three Days

You’re Invited to Tomorrow’s Webinar!

When: Tuesday, August 23, 2011 10:00 AM US/Eastern
Webinar Link: http://www.omnovia.com/event/44101314029563
Attend and pick the markets you want to see traded live: currencies, futures – you name it!

E-mini Atlas Line Trading August 18, 19 and 22, 2011

The Atlas Line on the E-mini today had a short setup at 1136.5 on a bounce trade. Based on the current market conditions, two to three points were possible. Remember, when we trade based on price action, we only trade on what the market can produce. There were also Pullback trades. John Paul then scrolls through to Friday’s E-mini activity. The early Dbl Bar Short signals did not work in our favor, but the multiple long signals definitely made up for it. On Thursday, a signal Short signal was all we needed for the day. You can really get an idea of how accurate the Atlas Line is. This is an unfiltered, day-to-day recap.

E-mini Atlas Line Trading August 22, 2011

This video shows the rest of the day, continuing where we left of with the last video. John Paul places a live order on the short side based on an Atlas Line Strength setup. The trade was good for $1500. This Strength setup, along with the Pullback and other unique setups are taught in the webinar training session with purchase. John also goes over the three different types of stops and how they are used: Prove-It, Time-Based and Catastrophic.

Also, it’s worth mentioning that the Atlas Line is included with purchase of the eight week coaching program. The Atlas Line is used in combination with other price action methods to achieve a level of unparalleled price action understanding.