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.
Knowing when and how to enter markets like the Euro Currency is 50% of the battle. The other 50% is deciding when to exit. The Atlas Line® day trading software works by making this extremely easy: order signals are automatically produced, advising you when to enter. In addition, the plotted line helps confirm the direction of price. When price is above the line, go with long trades. When below, go short. A free webinar is included with purchase, so you can learn special setups that can only be identified with the training, such as the Pullback trade that occurred around 10:50 a.m. today (see chart).
Futures trading (and currency tading) is safer than trading markets like Forex. In addition, emini trading is much safer compared to markets like the Japanese Yen, which seem to be all over the place. When trading the Euro, always use stops and trade with a clear direction in mind. The free webinar allows you to learn day trading for consistent profits in markets like the Canadian Dollar, Crude Light, British Pound, Australian Dollar and other decent-performers.
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.
You’re invited to see how John Paul uses the Atlas Line and other price action techniques to accurately trade any market.
He’ll go through everything from the E-Mini S&P to T-Notes. Watch how the Atlas Line calls out long and short trades prior to big moves in price.
John always have a few tips to share with attendees so don’t miss out!
In the meantime, here’s how John Paul traded the Euro Currency using the Atlas Line today…
Price action chart trader John Paul educates webinar participants on how his Atlas Line day trading software works, outlining the trade setups and how price direction can accurately be determined in advance. For this February 17 webinar, over 60 viewers were in attendance to ask John questions and make requests to see how the Atlas Line interacts with their preferred markets.
Here’s a 10% discount coupon code off the 6-month or lifetime license: 10OFFDTTW Here’s the Atlas Line page, which will guide you to the shopping cart where you can enter the coupon code.
As part of our ongoing mission to improve the results of day traders worldwide, we at Day Trade to Win officially announce our brand new day trading course, Power Price Action. This new DVD-based course is perfect for Forex, Futures and Currency traders who want to consistently earn profits.
Power Price Action Trading Course Includes:
Over six hours of DVD-based training on four DVDs
8 weeks of live trading-room style training with course author John Paul
A full-color Training Workbook full of explanations, examples and charts
Floor Traders Secrets manual instant download included with purchase
We have also posted recent Power Price Action trades on an almost daily basis at the official site, PowerPriceAction.com. Verifiable trades on everything from EURUSD to the Dow Jones are listed.
Since the Power Price Action method is based on (you guessed it) price action, that means full compatibility with all charting software, including NinjaTrader, MetaTrader, TradeStation, eSignal, etc.
E-Mini S&P charts of the last few days are reviewed in order to show how well the ATO (At The Open price action method) performed. John Paul answers questions from webinar attendees, some of which include the following:
How do you use the ATR (average true range) to your advantage?
How much profit do you go for?
How well does the ATO perform with the Euro?
How do you handle stop-outs?
The ATO let you know when to go Long and Short by plotting text near the corresponding candle setups. The ATO is best use when trying to receive profits within a couple of points.
For a limited time, the At The Open Course is back on sale. Find out more by checking the official ATO page. Click here to purchase the ATO, available until the end of September 2010.
On June 26, 2010, John Paul will be teaching his exclusive trading methods and strategies in a workshop for day traders of all experience levels. You can register for the educational day trading seminar that will be held on Fort Lauderdale, Florida.
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.
ANY ADVISORY OR SIGNAL GENERATED BY DAY TRADE TO WIN IS PROVIDED FOR EDUCATIONAL PURPOSED ONLY. ANY TRADES PLACED UPON RELIANCE ON WWW.DAYTRADETOWIN.COM SYSTEMS ARE TAKEN AT YOUR OWN RISK FOR YOUR OWN ACCOUNT. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. WHILE THERE IS GREAT POTENTIAL FOR REWARD TRADING COMMODITY FUTURES, THERE IS ALSO SUBSTANTIAL RISK OF LOSS IN ALL TRADING. YOU MUST DECIDE YOUR OWN SUITABILITY TO TRADE OR NOT. FUTURES RESULTS CAN NEVER BE GUARANTEED. THIS IS NOT AN OFFER TO BUY OR SELL FUTURES OR COMMODITY INTERESTS.
READ OUR FULL RISK DISCLOSURE AND DISCLAIMER STATEMENT