When you have two separate strategies telling you to go either long or short, you feel more confident in taking the trade. In this video, John Paul shows how a technique called the Blueprint Trade (taught in the Power Price Action DVD course) coincides with a Long signal produced by the Atlas Line software. Since price is trading above the plotted Atlas Line, we have an indication to look for long trades. The actual entry for this trade is identified by the Blueprint technique. John Paul places the long trade at 1639.25. You can always see where the entries are because they have a tan color in the SuperDOM window. The profit target is 1.25 points based on the ATR (Average True Range) using a period setting of four. The video is fast forwarded with the audio commentary dubbed over. You’ll see the profit target hit in a short while. The Atlas Line can be used for the Trade Scalper method as well. It’s really a matter of preference – if you like to trade a lot and don’t mind the broker fees, scalping is a great way to trade. Power Price Action has fewer opportunities but focuses on bigger moves than scalping.
In the Mentorship Program, you’ll learn all of the Power Price Action Methods, get a copy of the Atlas Line lifetime license, and learn about 8 or so other price action strategies. The next class begins June 20, 2013. Space is still available. Call us or use the contact page to find out more.
In this video, John Paul takes a Blueprint Trade, the main strategy taught in the Power Price Action course. Since the strategy is based entirely on price action, only time and price movement are considered for recognizing the entries and calculating the profit target and stop loss. The Bar Timer tool is used to let us know the time remaining in the currently plotting candle. It’s a countdown indicating when the current candle closes. Once the candle closed, John Paul entered the trade long at 1618.75. With NinjaTrader’s Chart Trader enabled and an ATM strategy in place, you can see the profit target and stop loss lines on the chart. The profit target is easy to calculate for this trade. Based on the current ATR (Average True Range) value, it’s two points. The stop loss is at 1615, which is 3.75 points below the entry. John Paul did not expect the stop loss to get hit, but it’s always important to have one in place in case the market suddenly takes off. Sometimes, when stops are too tight, regular market fluctuations can take you out of a trade prematurely when your profit target may have otherwise been reached. There are a few other stop strategies taught in the course such as the prove-it and time-based stops. For this trade, it’s just a matter of waiting for price to move through the profit target. With Power Price Action, there are no Fibonaccis, MACDs, bands, channels, or Market Profile techniques. It’s all price action – the way candles plot on the chart.
Power Price Action is a complete day trading course on four DVDs that contain multiple, highly accurate price action strategies for effectively trading futures, currencies, forex and beyond. The package includes over 13 hours of footage, a 45+ page color workbook and bonus Floor Traders Secrets manual. The exclusive Blueprint Trade, Stair Step Setup, Yo-Yo Setup, chart configuration, and ABC pattern are taught. The only other places you can find these techniques is in the full Mentorship Program (a separate eight week trading program that includes/covers all of our courses and software).
In the chart above, you can see how the chart is absent of all indicators. Using an understanding of price patterns, the ES (E-Mini) ‘proved’ its desire to go long. Since the Power Price Action’s Blueprint Trade uses exact entry and exit rules, we knew to enter at 1251.00 with a profit target at 1252.25. Where some traders may have panicked with the red candle, we had confidence that the market’s direction would change course to our favor, resulting in profit. Multiple setups for the Blueprint Trade occur intraday on the E-Mini and other ‘moving’ currencies. Stay tuned for our next webinar where John Paul will demonstrate such trades live.
We had over 100 people attend today’s Power Price Action webinar. John Paul shared his charts (ES, 6E, CL, GC, etc.) allowing attendees to see the Atlas Line call trades in real-time. In addition, John spotted a few ATO and Power Price Action setups, each indicating great profit potential for otherwise ‘difficult to trade’ market conditions.
Here’s a 5% off coupon code for all products, incl. Private Mentorship: DAYTRADINGSYSTEM
Here you can see John Paul trading 10 contracts live in the Emini S&P. This is a quick, to the point video, so John doesn’t mention right away that he’s using the Power Price Action strategy as taught in the four DVD course. The trade he takes shortly after 11:00 a.m. today is worth 1.5 points, or six ticks of profit, equivalent to $750 when trading ten contracts. Not all traders have 10 contracts (or prefer to trade with this amount), but this profit scales up/down accordingly. In fact, John recommends starting off with simulated trading, then moving upwards in the contract count once comfortable with the method. Needless to say, the trade quickly turns in his favor as indicated by NinjaTrader’s “order filled” chime. John’s busy mentorship schedule doesn’t always allow time to trade the morning session like he prefers, but he saw this setup while teaching and decided to record the trade. The four DVDs, color training workbook and eight weeks of training will confirm your understanding of this proprietary method, including the three stop types and a boatload of other tips for trading futures, currencies and (dare we say) forex.
John Paul demonstrates the effectiveness of the Power Price Action method for trading the Euro (6E) currency market. Using nothing but this proprietary price action method, we spotted the PPA setup and traded it according to course rules. No indicators were used to detect the setup, dictate the entry, exit or stop loss. Watch the video to see the setup go in John’s favor in real-time.
The Power Price Action method works on nearly all indices, Forex markets, and futures. Unlike other Day Trade to Win day trading courses, the PPA course is DVD-based. Instruction is spread across four DVDs. Additionally, John Paul mentors PPA students for eight weeks, ensuring the method is fully understood / used correctly. Since this is a price action trading method, it can be used with all platforms including NinjaTrader, TradeStation, MetaTrader, eSignal, thinkorswim, etc.
We try to keep the Power Price Action results tables updated as much as possible.
Remember to roll over to the new E-Mini contract! We’re trading the September contract now.
We did a couple of Atlas Line posts this week. Now it’s time to demonstrate another technique, taught in the 4-DVD Power Price Action course.
Around 3:00 p.m. EST, (about 1 hour, 15 minutes before market close), we identified a Power Price Action setup. Based on a set of proprietary rules, today’s emini trading setup was worth 2.5 points.
These setups occur just about every day, sometimes multiple times per day. Also, the setups can be applied to other futures, financials and currencies. This is one of the price action methods we teach that can be traded on Forex as well.
Day traders always want to know the types of stops John Paul uses when trading:
1. Catastrophic Stop
2. Time-Based Stop
3. “Prove It” Stop
…each of these setups is explained in the course, which includes a color workbook and eight weeks of live training. You can receive three free videos which will help you on the path to learn day trading at PowerPriceAction.com as well.
As part of Day Trade to Win’s partnership with NinjaTrader, John Paul conducted a live presentation today showcasing the benefits of trading using price action. He showed traders why indicators are faulty and how to deal with news events. John answered many participant questions, covering many of the misconceptions traders have. At the end of the video John Paul provided a coupon code for 10OFFDTTW good till the end of the month for 10% off !
We’ve been getting a ton of e-mails asking about our Power Price Action DVD trading course. John Paul will be answering many of the questions we’ve been receiving and presenting on the following:
* What is Price Action? How do I trade it?
* Setting up your charts
* Trading news events
* Price Action tips every trader can use
* The A-B-C Pattern – best times for trading
* Power Price Action course details
The webinar room capacity is limited so arrive early!
When: Tuesday, March 22, 2011 @ 7:00 PM EDT (U.S.) Cancel dinner – that’s less than three hours away from when this blog post was published!
Our Price Action DVD-based video course contains over 6 hours of price action techniques, tips and other helpful footage for consistent profits. Whether you’re a Forex, Futures, Stocks, Options or Commodities trader, Power Price Action will improve your results through the 50+ page color training workbook and the INCLUDED 8 weeks of LIVE TRAINING – an industry first! Remember, price action can be traded on any platform – it doesn’t matter if you’re using MetaStock, NinjaTrader, eSignal, TradeStation, etc.
Don’t miss this event!
Looking forward to answering your questions!
Here’s a Power Price Action video showing you how easy it is to make profits:
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
