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- Tradersworld Video Presentation from Today
- Today’s Live Webinar Recording – E-Mini +1.75 Points
- Group Mentorship Begins Tomorrow, May 9, 2012
- Trading How-To Webinar Recorded May 4, 2012
- The E-Mini Through the Eyes of a Mentorship Student
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Insider Trading Bill Passes House
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Posted on February 9, 2012 by JOHN PAUL in Latest Posts
Today, the U.S. House of Representatives passed a bill, the STOCK (Stop Trading on Congressional Knowledge) Act, to curb Congressional insider trading. Vote results indicate 417 Congress members in favor of the bill and two in opposition. This House version differs from that of the Senate, which includes provisions for financial data collectors to disclose their activities like lobbyists. Regarding the differences between both bills, critics claim the House version has “caved in to investment firms” with its exclusion of said provisions.
A political intelligence industry exists to monitor and sell data based on the financial activity of government officials. House Representatives have expressed concern that this “watered-down” version of the bill does not regulate the communication or financial exchanges between these industry members and government officials. Wall Street lobbyists have been accused of leading the “watering.” Nevertheless, both House Democrats and Republicans overwhelmingly support the bill, including the President’s stated endorsement.
The creation of the STOCK Act may have been the result of the CBS “60 Minutes” investigation that implicated that lawmakers enriched themselves based on information obtained through their official duties. Even without the bill being passed, members of Congress are by no means above the law when it comes to insider trading. Members of Congress face the same penalties as regular investors who attempt insider trading. For the last seven years, there have been no recent insider trading charges brought to Congressional delegates.
What do you think?
• Are you in favor of the legislation banning insider trading?
• If so, what should the penalty be for insider trading?
• If not, do you think government officials’ investments should be kept entirely private?
• If the investments of Congress members become free public information, how can an industry that sells this data exist? Does this imply a relationship of “shadiness” between these data miners and government officials?
Live Price Action Webinar from February 3, 2012
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Posted on February 6, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
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.
Will Your Trading Strategies Work in 2012?
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Posted on January 4, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading
As a trader, you are faced with choices every day. Each choice affects your bottom line. Be sure &ndash absolutely sure you know the ‘why’ and ‘when’ before entering each trade. If you are not trading objectively using price action, then you are missing the clear picture.
Attend this informative webinar to see how using price action can provide answers:
• What instruments offer the best bang for the buck?
• What times of the day are best to trade and why?
• Trade management / stop strategies / profit targets
• Configuring your charts (time frames, ticks, data, etc.)
• Day trading methods you can use to maximize profits
• Trading the E-Mini (ES), Euro Currency (6E) and your picks
Webinar Room Link:
http://www.omnovia.com/event/88381319495010/
Date / Time: Thursday, January 5, 2012 at 10:00 a.m. US/Eastern
At Day Trade to Win, we let price tell us how it wants to be traded. We don’t use indicators or outdated information. We trade based on price in real-time. Watch how we trade price action by attending this free webinar. Make 2012 the year you changed your trading for the better!
E-Mini Trading – 11 Ticks in Under 3 Minutes
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Posted on November 17, 2011 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
Use the coupon code 10OFFATLAS to get 10% off your choice of a
6-Month or Lifetime Atlas Line license.
Here’s a quick example of how to take the guesswork out of trading by using the Atlas Line software. The first trade on Nov. 15 is a Short at 1251.25. This order signal was automatically produced by the Atlas Line based on real-time market conditions. The trade was taken live through NinjaTrader’s DOM, allowing for enough time to capitalize on the reversal, or “bounce” that occurred off the plotted Atlas Line. On November 15th, we logged at least four separate Atlas Line trading opportunities, generating a total of +34 ticks for the day. Be sure to check out our results page to see the details.
As demonstrated, when working with limit orders, it’s important to leave them where they are, as moving the order’s position will send you to the back of the line. Order types, targets along with the three stop strategies (Time-based, Catastrophic and Prove-it) are discussed in the free live training that’s included with purchase. In addition, the training covers the three trade setups that are unique to Atlas Line trading: the Pullback, Strength, and Bounce trades. The Atlas Line is compatible with the latest versions of NinjaTrader, TradeStation and eSignal.
Economic Uncertainty Benefits Futures Traders
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Posted on November 15, 2011 by JOHN PAUL in Latest Posts, Price Action Trading
In these times of great economic uncertainty, Germany is in the spotlight as the country assumed to take part in saving its debt-ridden Eurozone counterparts from total collapse. Due to a weakening Euro, German exports became more attractive to the world marketplace. Investors, noticing the decline of Greece and Italy, then invested in Germany. This transfer of money has made borrowing much easier in Germany compared to other Eurozone countries. In many ways, the European debt crisis has made many Germans wealthy; however, there is concern about its financial role in assisting the country’s less fortunate neighbors.
Italy’s newly appointed lead economist, Mario Monti, is said to share Germany’s modus operandi in terms of economic principles. These principles consist of a capitalistic free market, fair competition and social equity. As stated by an Italian newspaper journalist, “His (Monti’s) idea of a social market economy is very near the German model. You do have competition, you have capitalism. But at the same time, the government is very active in the economy, you have a generous welfare state.”
The U.S. dollar is considered to be the world’s benchmark for comparing the relative costs of country exports. In many cases, the values of non-U.S. currencies are fixed to a set level to reduce export costs for these countries. A perfect example of such price fixation comes from a report released just yesterday (Nov. 14, 2011):
“The yen dropped as low as 79.55 against the dollar following the intervention (by Japanese authorities) after it reached a record high of 75.31 yen earlier that day. On Monday the dollar was around 77 yen.”
On the other side of the coin, there are also those who want to shift away from the Euro. Instead of a total (and likely chaotic) dismantling into self-sustained country units, the belief is that a gradual breakup will ease debt management. Countries would then be able to manage their own currencies and exports. In fact, a British CEO is offering a $400,000 prize (second only to the Nobel in terms of monetary reward) to the person who comes up with the best plan for one or more countries to leave the euro.
What can we learn from these recent events?
- The world operates on a delicate framework of money deliberately pushed around by governments and private financial institutions.
- Exports are used to determine a country’s financial health and worth in comparison to others
- There is great disparity in proposals for coming up with a solution to debt resolution
Since we at Day Trade to Win are primarily futures traders, we can profit in the short term with minimal leverage, unlike stocks. Stocks are usually longer-term and are less liquid and are less affordable (more expensive). Additionally, our trading is based on price action. We trade real-time conditions. If the Euro is on the ride down, there is usually a direct correlation in the E-Mini S&P, and we’re entering to make profit all the way down. We do trade the Euro and other currency futures as well, but this is just an example of our preferred market (the E-Mini). This is why we’re seeing an influx of interest coming from former stock traders who want to get in on futures volatility. For the next year at least, it looks as though the ride will continue.
What are your thoughts?
- Is the manipulation of currency values essential for maintaining worldwide economic stability?
- Will there be a ‘trigger’ moment that will cause Eurozone countries to abandon the Euro? If so, do you think this trigger event will be social, political or (hopefully not) a natural disaster or act of war?
- Is there a fix to the world’s current economic tension? Is this the cause of an increasing population and income disparity?
E-Mini Volatility – The Sky is Falling!
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Posted on August 4, 2011 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
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.
Atlas Line Produces 2.25+ Points Today E-Mini
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Posted on June 7, 2011 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
The Atlas Line called a great short trade on June 6, 2011 worth about 2.25 points, equivalent to $112.50 with a single contract or $1125 for those who trade with 10. Remember that each time you enter long or short, have a reason to do so. The Atlas Line provides a reason for how to day trade, and also provides an indication of the future direction of price. Once the short signal was generated, we knew to stay short because of the blue Line above the candles. An Atlas Line Pullback trade occurred around 10:30 a.m., with a red candle confirming price would drop again.
E-Mini S&P – Atlas Line Trading – June 6, 2011
Remember, we don’t post every time the Atlas Line has a winner – the software has really been on fire the last few months, even more than usual.
A private training webinar (like a mini day trading course) is included with purchase of the Atlas Line. You can learn how to use the software and identify these unique setups. Also, the Atlas Line works with every market: Emini trading, Euro, Russell, Dow, Forex, etc. and is available for NinjaTrader, eSignal and TradeStation.
Is E-Mini Trading Asleep or Alive?
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Posted on June 1, 2011 by JOHN PAUL in Latest Posts, Price Action Trading
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!
Four Profitable E-Mini S&P Trades on June 1, 2011
How to Day Trade Smartly Before a 3 Day Weekend
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Posted on May 27, 2011 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading
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.
Using the Atlas Line®, it’s still possible to make money on days like today (ES – May 27, 2011)
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
Power Price Action Webinar – Futures, Currencies and Forex
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Posted on May 19, 2011 by JOHN PAUL in Latest Posts, Price Action Trading, Videos
We had a great turnout yesterday for the Power Price Action webinar sponsored by Optimus Futures. For those of you who were unable to attend, you can watch the recording here:
This presentation, shows how to day trade price action using techniques traders of all markets can put into practice:
- Basic price action principles for futures trading
- Emini trading vs currency trading vs Forex trading
- How to set up your charts for optimal price action results
- Common price patterns and how to use them
- Why it’s never a good idea to use indicators
- How to enter trades and fill orders more consistently
- How to take advantage of mistakes other traders make (and their common trading behavior)
- …And much more
While this webinar doesn’t show the unique methods taught in the full Power Price Action day trading course, there’s still a ton of valuable information. To learn day trading properly using the Power Price Action method, you can visit the Mentorship Program page (it’s included) or the Power Price Action website.
