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).
John Paul once again proves that successful day trading can be easy. The video starts with showing you how to take advantage of the large bullish news event candle at around 8:30 a.m. US/Eastern. A common mistake is made when trying to interpret the news as either positive or negative, then entering based on your judgement. John shows a specific technique where the market can be used to provide direction AFTER the big move, when price movement becomes easier to predict. To keep track of news events, visit the Bloomberg Economic Calendar and note the red star announcements.
Another technique John discuss is the Yo-Yo effect. Based on buyer / seller exchange principles, this effect occurs when price bounces back and forth in a choppy succession. If you’re looking to enter a trade, this forecasting method will help you avoid problematic conditions. Start watching from around the 26 minute mark if you’re interested.
The final topic John touches on is market predictions for 2012. By the end of the year, John expects indices to climb to levels higher than those reached in January 2012. The pattern used for this prediction can be back-tested many years with a high degree of accuracy, as it’s used by professional market analysts.
Back in August of this year, you can probably recall the increase of volatility in the ES (E-Mini). This jump in market activity was caused by elected U.S. House and Senate members attempting to reach a debt consolidation compromise. With each side of the political spectrum preferring a different resolution, a deal was formulated in the 11th hour to manage the $1.2 trillion dollar debt reduction plan. On November 23, 2011, the debt ‘super-committee’ is to finalize this spending cut plan that is to go into effect January 15, 2012.
Considering the uncertainty of Greece and the Euro, there is a good chance the ES and other markets may become even more frenetic as November 23 approaches, depending on the action (or inaction) of the super-committee.
At Day Trade to Win, our primary method of determining a market’s ‘tradeability’ is the ATR (Average True Range) value. Using the ATR of the last four bars provides a real-time look at current market conditions. During the deliberation of the compromise (and for some time after), markets reacted with the ATR (Average True Range) hitting 9 or 10 points regularly. By comparison, for several consecutive months prior to the congressional negotiations, E-Mini traders experienced a relatively lackluster year with the ATR remaining under two points consistently.
As rule of thumb, the E-Mini natural ATR range on a five minute chart is between two and three points. Activity above three points is considered to be moving at a good clip, however, at five points or above, expect chaotic volatile action. It is always best to stay out of chaos. Any time the ATR is below one point, consider the market dead and not worth trading.
While a reasonable amount of volatility improves the trading experience (preferably two to four points), such high volatility makes for difficult trading. For example, a volatile day can be just as choppy as a less active day, with no clear direction (trend). When the market swings widely back in forth in such short periods of time, stops (and profits) are hit in a wild manner. Since we are retail traders (not robots), we must have time to gauge price action then act accordingly.
Let us know what you think…
Are these last-minute dealings of the super-committee meant to affect markets in the same way additional ticket sales are a result of stretched final game series in sporting events?
Is there a reason for the possible upcoming volatility other than ‘uncertainty’ such as political jockeying?
Will standard, market-influencing reports such as those dealing with employment and real estate have less of an impact than normal due to the breath-holding surrounding the November 23 deadline?
Are any E-Mini traders planning to buy the ES now and hold for several months in hopes for a sizeable, early 2012 profit?
In this video, John Paul recounts the performance of the Atlas Line trading tool for the last three days. At least 15 points of profit were possible in total for the last three days based on the trades the Atlas Line pointed out. The Atlas Line automatically tells you when and how to enter the market. These signals appear on the chart as Long or Short signals exactly at the price you should enter, prior to the big moves. In addition, the line plotted on the chart serves to provide confirmation – stick with Short trades if price is currently plotting below the Atlas Line. Go with Long trades if price is above the Atlas Line. The signals the Atlas Line generates are the same for all users across all supported platforms (NinjaTrader, TradeStation and eSignal).
Free live training is included with purchase. In the live training, you will learn several unique trade setups that can only be identified when using the system. These are the Bounce, Pullback and Strength trades. John Paul conducts each training session personally, so you are able to ask questions and receive answers directly from the expert.
Visit the Atlas Line page to purchase or attend a webinar.
We stand by our products. If we see a setup occurring (and know there’s a good chance to make money), we take the trade! This occurs during live training sessions, as seen in today’s webinar for first-time Atlas Line customers.
This trade occurred as a result of the Atlas Line Dbl Bar Short signal 1213.75, reaching our profit target at 1211.75. In case you don’t know what this means, the Atlas Line tells you to go either Short or Long at a specific price. Advanced warning lets you place your order in time to make profit. The types of stops and where to place profit targets are covered in the included live training.
You might not be aware that when you purchase a Day Trade to Win trading course, a free live lesson is included. Day trading coach John Paul teaches each session personally, to make sure you fully understand how to use the software and/or understand the course, whether you’re trading the E-mini, currencies or other markets.
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.
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.
Here’s video showing the Atlas Line’s performance the last two days under short trade conditions on the E-Mini S&P. With the deadline for the debt ceiling drawing near, the markets reacted with increased volatility. The video shows consistency using price action trading system despite uncertain economic conditions. This would have helped you as a trader knowing whether to go long or short the entire day.
Come see how the Atlas Line performs. Attend the webinar – August 3, 2011 @ 5:00 p.m. U.S. Eastern
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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Back in August of this year, you can probably recall the increase of volatility in the ES (E-Mini). This jump in market activity was caused by elected U.S. House and Senate members attempting to reach a debt consolidation compromise. With each side of the political spectrum preferring a different resolution, a deal was formulated in the 11th hour to manage the $1.2 trillion dollar debt reduction plan. On November 23, 2011, the debt ‘super-committee’ is to finalize this spending cut plan that is to go into effect January 15, 2012.
