NinjaTrader sponsored John Paul’s price action webinar yesterday. John Paul begins the hour-long webinar by talking about one of our old courses, the ATO (At the Open). Now only available in the Mentorship Program, the ATO teaches you how to trade the opening move in the E-mini S&P. This exact price pattern occurs on a regular basis. By applying objective rules, you can learn to take advantage of this pattern every day.
Next, John Paul says why he doesn’t like to use traditional indicators – fibs, moving averages, MACDs, etc. These indicators usually require optimization because the market is always evolving. If you don’t optimize, you are stuck with old settings for a market that no longer behaves the way the indicator anticipates. The Atlas Line is indeed software for NinjaTrader, TradeStation and eSignal. Unlike other indicators, the Atlas Line only needs to be configured for the user’s local time zone. No ongoing updates are provided, nor does the user experience lag associated with traditional indicators.
At about 8:00, John Paul gives us an update on the January Effect on how it has played out so far. The January Effect says 2013 is expected to close higher (in December, 2013) than the price the price it closed at in the end of January, 2013. Since an overall trend is determined, John Paul is able to recognize a breakout strategy you can use for holding positions longer than a day or two. We get many questions from traders who hold positions overnight or swing trade – this is what you’re looking for. The strategy is described starting at about 10:00.
At 23:00, you can get an understanding of what the ATR (Average True Range) is. Even with long term positions, traders can use it to determine profit targets and stop losses.
At 37:00, John Paul transitions into the Atlas Line, explaining its trades and the Strength and Pullback signals.
At 43:00, John Paul explains the difference between the two scalping methods offered – The Trade Scalper and Price Action Scalping. Price Action Scalping is only offered in the Mentorship Program (begins May 1, 2013). He also covers chart setup with the NinjaTrader Dynamic SuperDOM. Remember that he can’t describe the full method it its entirety – just the basics are mentioned.
At 55:00, John Paul explains the market news page. We’ve posted about it before. Use the calendar to see upcoming financial news for the week. The closest news event is highlighted. On the top of the page, real-time market news is shown. Just refresh the page every week.
Quite a few people were requesting the recording of today’s webinar. Here it is!
It’s recorded in John Paul’s view, so you can see the chat box for easy discussion reference.
In this live webinar, John Paul shared his live charts and talked about:
• HFT and manipulation
• Effects on the market caused by big traders
• The Atlas Line
• Four types of stops
• Trading unfolding news events
• The prediction for 2012 U.S. indices
Also, the Group Private Mentorship program begins Aug. 15. Now is the time to register because the class is filling quickly.
Here is last Friday’s live webinar event in which John Paul discussed price action trading and demonstrated the Atlas Line. Early in the video, John shows the trade you could have taken based on the news event. Fast forward to the 15 minute mark, and you’ll see the Atlas Line call out a perfect Short trade live on the 6E. The same great short trades were prevalent on the ES and CL instruments. For the rest of the video, John explains the Atlas Line parameters, takes questions from attendees, and changes chart time frames. It’s worth noting the difference between using tick charts and minute charts. At about 50 minutes in, John showed how minute charts work better with the Atlas Line algorithm. Live training is included with purchase – ask John questions and receive answers. You’ll be set and ready to trade in no time.
Use the coupon code ATONEWS to get $60 off the ATO for a limited time!
Here’s a video of the last few days trading the At the Open (ATO) method on the E-Mini (ES) and the Euro (6E) currency. See the profitable results for the last few days as John Paul scrolls through the NinjaTrader chart, showing the exact entries the ATO software provides. In total, there are five straight ES winners and two 6E winners. There are undoubtedly more, but time is of the essence! The ATO is a mechanical, price action method that focuses on making profit from the day’s initial move. The profit targets, order types, stops and management are covered in the digital book and included live training session. The included software can be used as an optional aid.
Remember that the ATO course and included live training covers the following:
Heather from Australia was kind enough to share her experiences with trading the Day Trade to Win methods. At first, she relied on various signals and indicators; resulting in confusion and an inability to see the candles. This disconnect from the market was fixed after finding Day Trade to Win and employing price action methods. Using candle movement and patterns, Heather has had “excellent results” and will soon reach her goal of becoming an income trader. Although she doesn’t say in the video, she uses the Atlas Line, the Trade Scalper and a couple other strategies we offer.
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.
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.
GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH TRADING FUTURES CONTRACTS CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION SINCE ALL SPECULATIVE TRADING IS INHERENTLY RISKY AND SHOULD ONLY BE UNDERTAKEN BY INDIVIDUALS WITH ADEQUATE RISK CAPITAL.
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