Here’s a video of a live trade John took yesterday on the E-Mini using the Atlas Line. Note that the trade setup in use is called a Pullback, the rules of which are taught in the live training that’s included with purchase. John uses the ATR (Average True Range) to indicate the profit target and stop strategy. This is the most responsible (and accurate) way to trade – based on what real-time market conditions can produce. As you’re probably aware, the E-Mini has been very slow lately so he’s only going for one point (according to the ATR). Many of our students also took the previous short, as indicated by the Atlas Line’s red printed text. You can trade the E-Mini and other markets just like we do – the Atlas Line is available as a six month or lifetime license.
We have a Price Action Webinar scheduled this Friday, September 9 at 10:00 a.m. US/Eastern. Here’s the link to attend:
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.
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.
Did you get your $200 per contract today?
That doesn’t even count the Pullback trades the Atlas Line provided…just the initial short trade!
Again, here’s another large down day trading the Emini. The Atlas Line was dead on telling us to go short 1235.25 due to two consecutive closings. The last couple of months, the E-Mini was very slow. The ATR is now around 3 to 4, showing an improvement in volatility, making for better trading. In the video, John acknowledges non-US traders who prefer to trade the E-mini’s overnight Globex session. Overnight, the Atlas Line produced a short entry at 1257.75. It’s important to check the ATR if it’s above 1 before trading the overnight session. Many times, the ATR is not volatile enough to produce decent results. In this case, we recommend moving to a market with more volatility. This applies to other strategies besides price action trading.
John Paul, day trading coach, teaches traders how to recognize opportune times for trading along with identification of custom Atlas Line trades the the Pullback and Momentum setups. This day trading education is included with purchase of the Atlas Line.
Sandy C. reviews our Private Mentorship Program, providing an honest evaluation of his experiences learning how to day trade.
Sandy C., Private Mentorship Student / Graduate:
“Now how do you become consistently profitable? I think any answer to that question can be put into two buckets. The first is to just jump in, start trading, and learn by trial and error. The second is to find someone who is consistently profitable, knows what he or she is doing and pay them to teach you their techniques. I can assure you that the trial and error way is more expensive – Mr. Market will get your money; no doubt about that….Everything he (John Paul) said it would be, he delivered on…I can recommend his Mentorship without qualification.”
3 Profitable E-Mini Trades Today – Monday June 13, 2011
1st Video = Power Price Action trade (taught in the Power Price Action course and Private Mentorship)
2nd Video = Atlas Line Pullback trade (taught to Atlas Line customers in the included webinar and Private Mentorship)
3rd Video = RoadMap trade (taught in the Private Mentorship program only)
Using the NinjaTrader platform, John shows us how to day trade using price action. In the Power Price Action day trading course, traders learn how to use price (no fibonaccis, oscillators, or any other type of indicator) to make consistent profits while avoiding whipsaws and unpredictable volatility. All three days show emini trading, but all three methods work for other types of futures and currency trading.
Here’s another Emini trading video using the Atlas Line. This NinjaTrader chart shows the Double Bar Long signal produced at 1283.75 by the Atlas Line. June 9′s price action trading was all handled by going long, as price was continuously above the Atlas Line. Since price did not dip below the line, we knew that going long was safe. Each slight drop in price presented an opportunity to the an Atlas Line Pullback trade. These unique Pullback setups are taught to customers in the free webinar / day trading course that’s included with purchase of the Atlas Line software.
For those of you who missed today’s webinar presentation with John Paul, here’s your chance to see how the Atlas Line performed. Watch the video and pick up a few price action strategies for trading the E-Mini (ES), Russell (TF), Euro Currency (6E) and Crude Oil (CL). The video contains a few setups that are usually taught only to Atlas Line customers, so it’s definitely worth watching. You can also see how to use NinjaTrader’s ATR feature to your advantage. Be sure to watch it in 720p so you can see everything on the charts clearly. Also, there’s a coupon code given away in the video for 10% off the Atlas Line.
What happened today? the market was asleep then BOOM! E-mini Trading is back or will it be short lived? No one knows, but one thing is for sure if a trader learns day trading correctly then regardless of which Futures Market traded, profits can be consistently made. The tools needed, well not much here when trading price action, but a good coach and trading mentor is key to cut down on costly mistakes that do and will occur. Today I’ve attached the Atlas Line to demonstrate how early in the day a price action tool caught the entire day’s move. Don’t expect every day to be like this, but they do happen and you should be there to catch them!
If you’re from the United States (like us), you’re probably aware that Monday is Memorial Day, a federal holiday. Considered the unofficial start of the spring / summer vacation season (while commemorating fallen military service personnel), Memorial Day is always the last Monday of May. Every year, millions of Americans look forward to this three-day weekend. The lucky ones are also able to take off Friday before (today). As traders, we are somewhat dependent upon these lucky individuals who are normally trading with big money, creating volatility in the markets.
Whenever you encounter a trading day before a major U.S. holiday (like today), you can expect to see relatively low volatility for Emini trading. For example, today’s price action trading was bound within a range. Traders collectively decided on the highs and lows of the day, making the same mistakes and assumptions. Days with better price action / volatility are not range-bound. Instead, they show more of a gradual slope in the rise and fall of price instead of the zig-zag choppiness and periods of flat price action. This same behavior occurs on all U.S. based markets, having a great affect on all of futures trading.
In the chart above, we purposely removed all of the text pointing out the profitable Atlas Line trades so you can see the price action. You can see how the Atlas Line was right on the money calling out the Long Trades and the Short Trades despite the relatively “flat” trading that was offered. If you’re not using a trading tool like the Atlas Line or one of our day trading courses other price action trading systems, then it’s best not to trade on days like today.
If you’re still going to attempt to trade anyway, at least try to stick with the morning session. The morning has traditionally offered the most consistent movement. Some days are really cut out do be traded ONLY the morning session. We refer to these days has “half-day trading.” A day like today offers some good morning trades and no reason to stay in to subject yourself to losses later in the day. Take advantage of the markets and give yourself an early start to the holiday weekend!
Here are some general tips on how to day trade around holidays:
- Be careful trading on days before holidays. The big players are already out boating, so don’t expect the same amount of volatility
- Trade with the professional traders, don’t trade against them.
- Trade with the professional traders, don’t trade against them.
- Learn day trading based on price action so you’re not trading an indicator / algorithm that’s meant for a volatile market
- If you must trade, trade the morning session. It offers the best price action you’re likely to encounter that day