New Blog Posts
- 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
Post Tags
Links
- Price Action Trading
- Day Trading Coach
- Day Trading Course
- How to Day Trade
- E-Mini Trading
- Futures Trading
- Learn Day Trading
- Day Trade To Win Review
- The Atlas Line
- Zine Trading
- E-Mini Trading Videos
- The Price Action
- Market Videos
- Trading-Systems-Indicators-Reviews
- About.com ATO Review
- Futures Portal Atlas Line Review
- Futures Portal ATO Review
- Day Trading Mike Atlas Line Review
Today’s Live Webinar Recording – E-Mini +1.75 Points
1 comment
Posted on May 11, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
Today’s webinar was filled to capacity. This video is for all of you who were unable to get in and those who want to see how our systems performed.
John starts the live presentation by showing two charts: the E-Mini and Euro. The Atlas Line produced a Long signal on each market. The Long signal is an advisement to buy the market at the given price. Most traders would have been hesitant, thinking price was overbought (based on the rise in price within the previous 25 minutes).
At about four minutes in, John reviews a recent overnight E-Mini chart for May 11. Yes, the Atlas Line can work premarket very well, as demonstrated by the Short signal given at 1351.
Attendees were filled with great questions. Yes, the Atlas Line does work with free data feeds. If you’re using CQG, Rithmic, PFG, etc. you can paper trade with the Atlas Line until you feel comfortable to use a live account. If requested, our support team helps customers with installation of the Atlas Line via remote support.
At the 10:00 mark, John runs through a typical play-by-play scenario showing how he uses the signals, the ATR (Average True Range) to dictate a profit target. The most preferable scenarios are when price intersects the Atlas Line and you immediately get either a Long or a Short. The live trade that occurred near the start of the webinar showed a different situation, where price climbed from far below to the Atlas Line to tag the 1.7 point profit target.
Using NinjaTrader’s ATM Strategy
4 comments
Posted on March 21, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading
How many times have you had price hit your profit target without a fill? Probably over and over again on the same trade, right? And to make matters worse, price then runs away from you, so you’ve lost out on the trade entirely. Yes, it happens to everyone. It’s not just bad luck.
Trading is a zero-sum game. Unless price trades through your profit target limit price, you may not get filled. All electronic markets have a “first come, first served” rule. Your profit target is waiting in line with all the others placed before it. Now, let’s take a look at how we can use NinjaTrader’s automation to achieve better fill results. We’ll accomplish this through the ATM Strategy panel.
The ATM Strategy area can be access through the lower part of the Dynamic / Static SuperDOM. The SuperDOM is also referred to as the “price ladder.” You probably trade with a SuperDOM already, but if not, you can open one via NinjaTrader’s Control Panel > File > New > Static (or Dynamic) SuperDOM. The ATM Strategy feature’s main purpose is to preconfigure profit targets and stops for your trades. There are quite a few options available to configure, including multiple profit targets, different templates to save and load, even alternate stop strategies. For this blog post, we’ll focus on the basics.
With the “first come, first served” rule, speed is important. The faster we place our limit orders for profit taking, the better positioned we are to be filled once the price is tagged. In a roundabout way, we are cheating a little by beating others to the punch. As an example, I have two methods I use to scalp the markets – Price Action Scalping and The Trade Scalper. Each method risks 6 ticks for a stop and 3 ticks for a profit on average. Once I enter into a trade by hitting the market button or entering on a limit order, I need to place my target and stop immediately. If I spend precious seconds fiddling with placing the stop and profit manually, how many other orders have possible been placed ahead of mine? As you can see, automating this process is vital for timely execution. Templates can be created ahead of time for scalping (3 tick profit target with a 6 tick stop), or for any other strategy. To create a template, right click on the DOM in the bottom right empty grey area. A menu should pop up. Since the E-Mini S&P (ES) has been slow lately, my primary template is 8 ticks profit and 16 ticks stop. I can easily adjust up or down once the order is placed if I need to increase or decrease the ticks. I recommend having multiple templates for different markets and different methods accordingly.
Send me your feedback on using the ATM and I’ll offer my feedback if you have questions.
You can download a free copy of NinjaTrader here: http://www.ninjatrader.com/download-registration
Yesterday’s Webinar – Live Opportunities Spotted by Atlas Line
3 comments
Posted on March 9, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
In case you missed it, here is yesterday’s price action webinar. With many traders in attendance, John shared his live NinjaTrader charts while explaining how the Atlas Line software works. For those of you who are new to Day Trade to Win, the Atlas Line is software that plots a line on your charts and provides exact entry prices and direction (Short or Long) across the most popular futures and currencies. When you have an accurate system that provides the direction to trade along with the time / price to enter, trading becomes much more enjoyable.
Remember, the Atlas Line is included and taught in the Private Mentorship Program. Also, everything else we teach is included to assist with filtering and recognizing opportunities. A new session of Private Mentorship begins this coming Thursday (March 15). Don’t be idle at the Ides – register your seat and change your trading around!
The Atlas Line plotted a Short signal for the CL (Light Sweet Crude), 6E (Euro) and GC (Gold Futures) charts as shown. Providing you took the live trade according to the profit target rules, you would have made out nicely.
Also, if you’re looking for tips on how to trade those unpredictable news events, John explains a plan of action at around the 2:30 mark.
Because yesterday was contract rollover day for CME futures, you’ll also see how to switch to the new contract period. Although this may be common knowledge among professionals, some basic information is provided at around 16:10.
In the E-Mini (ES), a Long entry was given at the price of 1363. This would have also been a nice trade.
At around the 29:00 mark, John explains how to read the ATR across multiple markets. This is important because the value he and others quote involves decimal position moving, particularly when addressing the Euro as compared to the E-Mini.
E-Mini Recap – Three Days of Atlas Line Trading
3 comments
Posted on March 8, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
Here’s a trading video showing today’s Atlas Line short trade. Prepare to be held in suspense – the outcome is shown at the end of the video. In between, John describes three consecutive days trading the E-Mini S&P using the Atlas Line software. You’ll also hear John identify Strength and Pullback trades. These unique setups are taught in the included live training along with stop strategies. Remember, the Atlas Line will plot on your charts just as you see it here, so there’s no second guessing your entry price. If you make it through to the video’s end, you’ll see a candle tag the profit target, eventually hitting for +1.75 points.
Trading Reminder – Today is Contract Rollover Day
1 comment
Posted on March 8, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
Traders – you should already know what today (March 8, 2012) is. Contract rollover day! Yes, this is the day when we (traders of equity futures contracts) switch to the next contract session – in this case, June. We always roll over the first or second Thursday or Friday of the expiring contract month. These expiration months are March, June, September and December. Your day trading platform may automatically warn you of the rollover. Why is it important that you roll over the contract? Well, you can’t trade an expired contract. Also, follow the volume and liquidity.
Here are some instructions on how to roll over a contract to the new contract session in NinjaTrader:
1. Navigate to NinjaTrader’s Control Center > Tools > Instrument Manager
2. Find the expired contract in the left panel and select it > click the right arrow button (>) to remove the expired contract
3. Find the new contract for your market / instrument of choice in the right panel and select it > click the left arrow button (<) to add the new contract to the instruments list
4. In your charts, remember to change to the new contract.
This applies to CME markets like the ES, 6A, 6E, etc. Note that NinjaTrader behaves inconsistently when changing to the new contracts - the ES automatically jumps to 6-12, but for currency futures, you will manually have to select 6-12 for each of them.
Read the official statement from the CME:
http://www.cmegroup.com/trading/equity-index/files/Rollover_Dates.pdf
Data Feed Spotlight – Kinetick – Fast Market Data, Unfiltered
No comments yet
Posted on January 23, 2012 by JOHN PAUL in Latest Posts, Price Action Trading
As you’re probably aware, we at Day Trade to Win always use NinjaTrader when trading, in our videos or otherwise, as our preferred trading platform. Kinetick is NinjaTrader’s solution for fast, unfiltered, real-time market data for Stocks, Futures and Forex. Kinetick is optimized for NinjaTrader 7 and designed to exceed the expectations of the most demanding traders. This is why Kinetick is our preferred Market Data Service.
You can join a free Kinetick presentation to learn more. Upcoming product demonstrations will teach you how to supercharge your NinjaTrader 7 experience with fast, unfiltered data. You can email register@ninjatrader.com or visit www.kinetick.com for more information.
What makes Kinetick a superior data service?
Speed – quotes are sent directly from the exchanges to your desktop instantaneously
Unfiltered – see the world’s futures, forex, stocks, ETFs, and market metrics at a tick-by-tick level
Reliable – professionally managed, fully redundant data centers guarantee high availability
Optimized – brought to you by the same folks who know NinjaTrader the best – NinjaTrader!
Affordable – take advantage of FREE end-of-day-data (10 year’s worth of stocks, futures and forex) and eliminate those pesky CME fees
Real-time News – although we (at Day Trade to Win), always advocate staying out of volatile news announcements, you can stay in the clear with Kinetick’s real-time news (RTT News, PR Newswire, etc.)
$1275 First Trade of the Day
1 comment
Posted on January 12, 2012 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
Wouldn’t it be great if you had an automated solution to tell you when to go long or short and at what price? That’s exactly what the Atlas Line can tell you. In this video, the first Atlas Line signal of the day on the ES (E-Mini) appeared around 10:00 a.m. when price was at 1287.5. John then placed his entry to go long exactly at the provided price. Profit targets are always based on what the markets can produce (volatility) as determined by the ATR (Average True Range). Using this information, we know to go for a profit target of 1.5 points (6 ticks) based on current market conditions. You’ll also notice that the stop is placed automatically using NinjaTrader’s ATM strategy. Stops and targets can be adjusted on the fly by dragging and dropping the Chart Trader markers on the chart. If necessary, John will switch his stop to a Time-based, but usually relies on the Prove-It if market conditions are not going in his favor. Each stop type as well as profit targets are taught in the live training session that’s included with purchase.
Really, trading can’t be any simpler. That’s the goal of the Atlas Line. Consistent results. See our previous post below showing the trading results of the last three months.
How to Use Market Replay with NinjaTrader 7
No comments yet
Posted on October 31, 2011 by JOHN PAUL in Latest Posts, Price Action Trading
Why should you use NinjaTrader’s Market Replay?
- To practice placing trade in simulated, real-time conditions
- To back-testing a strategy to see its effectiveness when trading live
- To bypass the need for a live data feed (although live trading with a free demo account is always recommended)
- Few other day trading platforms offer such a feature
- When your schedule doesn’t allow for real-time paper trading, this is the next best thing.
- Don’t wait until tomorrow to practice under live trading conditions!
With NinjaTrader 7, it’s possible to replay market activity for nearly any given day. After downloading a given day’s replay data, NinjaTrader uses the data (either minute or tick) to plot price at the exact values at the exact time as recorded. More specifically, you can see price plot on your charts and DOMs as though the day (or night) is unfolding in real-time. Orders can be place and success can be tracked using the Replay101 account (similar to Sim101 account). Replay101 is NinjaTrader’s designated Market Replay account. Unlike previous versions of NinjaTrader that require the user to record the data locally for replay, NinjaTrader 7 lets users download history for free on a per request basis.
Here’s how to use Market Replay:
1. If you are currently connected to a data feed, disconnect from it.
2. Download the latest Replay Data through NinjaTrader’s Control Center:
File > Utilities > Download Replay Data
Choose the market you want data for
Choose the date you want data for
Check both L1 and L2 boxes
Click OK
3. In the bottom right corner of the Control Center, you will see that the Replay Data is downloading. This will take a few minutes. Before continuing to the next step, please wait until the downloading status disappears.
4. Go to File > Connect > Click Market Replay Connection. Open a chart and a DOM if you don’t have them available. Make sure that the replay connection is selected in the chart and DOM. You should also see the Replay player. With this tool, you can pause market activity, fast forward and play. Drag the slider to advance to a specified time frame.
5. Trade like you’re using a real account.
Keep in mind, the data on the DOM won’t contain every increment / decrement in the Buy and Sell columns as experienced during the day’s live trading. The packaged history is optimized in terms of file size and useability.
Two Point Profit During Today’s Atlas Line Lesson
4 comments
Posted on October 14, 2011 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
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.
Live High Volatility Emini Trading Using Atlas Line
1 comment
Posted on August 12, 2011 by JOHN PAUL in Atlas Line, Latest Posts, Price Action Trading, Videos
Today 8-12-11, John Paul daringly takes a live trade during volatile E-mini market conditions. His entry was based on the Atlas Line®’s exact entry red Dbl Bar Short signal you see printed on the chart live as it happened. The Atlas Line® automatically produces these order signals ahead of time, letting you know in advance where to be be (either long or short). You’ll notice that John calls the short signal before the Atlas Line produced it. The Atlas Line® rules and objective way to trade are taught so you know these orders in advance too!
A profit target of 5 to 6 points is used which is based on the ATR (Average True Range). He uses two stop types – a “Prove It” stop and a “Time-Based” stop. Both stops are taught in the live training that’s included with purchase. He’s going for 6.25 points, equivalent to $1562.50 trading five contracts. If you took a similar trade, you could be done for the day in just a few minutes! John Paul then moves his profit target up shortly to eventually take 4.25 Pts or $1062.50 of Profit.
In two weeks, we will be offering an extended, late summer sales event for the Group Private Mentorship Program. The Atlas Line and all other DTTW software and methods are included. It’s an excellent deal! To found out more email support@daytradetowin.com or call the toll free 888-607-0008.
