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.
Futures trading has almost been around since the beginning of time, in one form or another. A major difference now is the accessibility to markets all over the world and the way orders are instantly placed. Another difference is that rules and regulations are set in place to protect the buyers and sellers. Along with all the red tape is the notion of contract rollover. A beginner day trading course will most likely not provide the information needed to prepare traders to rollover when the time is right. I have daily conversations with day traders all over the world, and how to day trade consistently is a common theme discussed. You may like E-Mini trading or maybe you fancy Currency trading, but truth be told that all traders should know the basic concept of rolling over to the next contract month when the time is right. To start you off on the right foot, I want you to learn day trading right from the start, and that means that learning to rollover a futures contract correctly is key!
The rule of thumb is to rollover to the following contract month on the 2nd Thursday or Friday of the expiring month. That’s it!
Simple, to the point and now you know.
E-mini and financials indexes, futures currencies and any other futures markets all work the same way. Find out more about futures contract rollover.
Yesterday, Private Mentorship students were shown how to take profit in the E-Mini S&P (ES) using an ATO trade. The ATO is one of the 11 price action methods taught in the Private Mentorship Program. This trade was done live, trading-room style in front of course participants. As the students were already taught the ATO, the setup occurred at an ideal time for John Paul to demonstrate how to take the trade.
Notice how the profit target does not change; it’s static.
In the Private Mentorship Program, trades are reviewed in daily sequence, making sure every signal is clearly defined during each training session. Instruction focuses on reading price action; not using indicators or relying on mystical sources. We objectively trade what we see on the charts.
Yesterday, John Paul recorded a video showing how he used the Power Price Action method to snag a 4 tick move in the E-Mini S&P. Notice how is chart is completely free of indicators – that’s because he knows how to enter based on price action (particularly, the Power Price method). The trade setup was objectively identified during a live educational session, allowing for attendees to see how simple it was to capture a few points. The market told him that it was going long, so all that he had to do was place a respective order.
The Power Price Action course consists of 4 DVDs that teach you the method and other price action strategies. You also get 8 weeks of live training with John Paul, where he shows you how to trade the method live. Yes, it works with other indices, Forex, currencies and other markets.
The S&P’s debt rating service projected a poor credit rating for the U.S. today. With this big news, the markets tanked. We pulled up a couple of charts to see how the Atlas Line performed for traders in two separate markets: the E-Mini S&P and Crude Light.
E-Mini S&P (ES) – April 18, 2011
The Atlas Line was spot on in the E-Mini S&P, advising two short orders. The first order was a Double Bar Short, the second, an Atlas Line Pullback Trade. In case you don’t know what a Pullback Trade is, John Paul teaches traders how to identify them in the webinar included with purchase.
Crude Light (CL) – April 18, 2011
Three winning trades. First, a Double Bar Short signal followed by two Pullback trades. When news about the U.S. comes out that is revered with such high importance, there’s a great effect on all markets. We recommend waiting until the news event volatility has subsided before using price action software like the Atlas Line.
Sign up for a webinar to see how the Atlas Line is traded – visit the registration page.
It’s time to turn up the volume and open your mind as John Paul demonstrates two unbelievable trades. They’re so good, we’re letting the trades themselves do the talking.
At first, he does the unthinkable: going short right after three consecutive large green candles. Why? The Atlas Line said so. Price was headed toward the Atlas Line, indicating an Atlas Line pull back trade (at least two bars pulling back followed by one candle closing in the red). ORDER FILLED. This resulted in a nice 1 point winner based on only on price action and the Atlas Line.
Next, we had a crazy good time trading the Atlas Line on the Euro (6E) today. Plenty of opportunities for profit:
Trade 1 – Short – win for 5-6 ticks
Trade 2 – Short – win for 6-7 ticks
Trade 3 – Long – loss for 6-7 ticks
Trade 4 – Short – win for 6-7 ticks
Trade 5 – Long – win for 6-7 ticks
Trade 6 – Long – win for 4-5 ticks
Using the ATR, we knew when to get out. In total, this could have been a day of 32 ticks for Atlas Line traders. How well did you do today trading the Euro Currency?
With all of the recent Atlas Line posts, we’ve neglected to show you how well the ATO (At The Open Method) as been performing. Even though the ATO and Atlas Line combo sale was over on Sunday, special arrangements can be made by contacting [email protected] Those of you who purchased the ATO along with the Atlas Line are seeing a perfect example today of how the two price action methods can confirm one another. We encourage traders who use the ATO to use a secondary confirmation tool like the Atlas Line.
These recent NinjaTrader charts show how just the ATO and Atlas Line can be used to grab a couple of points before noon.
Traders – a quick an easy profit today right at market open. Before the drop in price, the Atlas Line generated a short signal, in addition to the line being drawn above price (indicating to take short trades).
If you want to check out more Atlas Line performance pictures, be sure to visit DayTradeToWin’s Flickr page.
E-Mini S&P price stayed above the Atlas Line all day today, using the Atlas Line as resistance. Long signal given early in the day and then price continued climbing.
Two charts, two consecutive days of E-Mini S&P day trading. Both days, Atlas Line™ users knew what the market was going to do AHEAD of everyone else, allowing them to place targets and beat the rush of orders.
Remember to click on each image for a bigger version.
Find out more about this proprietary trading tool and earn back the profits you’ve lost!