How to Use Market Replay (Playback Connection) in NinjaTrader 8

Do you want to practice trading when the market is closed? Many people work during the day during prime times for futures trading. We understand how important it is to practice and so does NinjaTrader. That’s why they included a feature called Market Replay that allows you to play back old price activity as though it’s occurring in real-time. The experience is just like regular paper trading; they even give you a practice account to use called Replay101. This video walks you through steps to prepare the playback practice environment.

As you can see, you will need to download each day’s worth of practice or replay data. Pick a day or days that were particularly challenging. You may even want to select days that were easy to train yourself not to over-trade. Once the data is downloaded, connect to the Playback Connection in the Connections menu. From there, you the small Playback window should appear. That window is a tool that will help you jump right to the price action you want to practice with. You can fast-forward, rewind, and jump to specific points in time. Note that dragging the slider will force you to “rewatch” all transpired price activity replot up until that point.

All of our price action indicators and trading methods should work just fine with Market Replay. Level II data is included, as you can see in the SuperDOM. Again, this is a great way to practice if you are unavailable/working during real-time practice hours. For example, if you drive a truck during the day and find yourself with WiFi at night, why not put in some practice time?

Price Action Trading: Decoding What Works

This recent webinar was recorded live. We recovered many topics related to price action. We also shared live Atlas Line and Trade Scalper signals as they occurred. Be sure to revisit this trading blog often for more content. Also, you can get notified of new videos by subscribing to our YouTube video. Follow the instructions in the first video.

Webinar Pt. 1 – What Works in Price Action Trading?

The live webinar begins with John Paul using the NinjaTrader 8 platform with the Trade Scalper and Bar Timer indicators. The Trade Scalper is typically used with a 1-Minute or 2-Range chart. We like the 1-Minute during periods of greater volatility. Jump ahead to 12:00 if you want to see the 2-Range chart. This scalping method is one of our price action techniques we created a number of years ago that remains powerful. The Bar Timer is a free NinjaTrader indicator that tells you when the current plotting candle will close. Essentially, it’s a countdown to zero for each candle that appears. Another setting we like to apply: rather than a typical mouse pointer, we prefer the crosshair. This way, we can easily measure price and time values.

If you want to understand how the E-mini S&P 500 tick and price increments work, jump to 4:25. This is important, as you should know potential profits and losses in dollar amounts. Check with your broker as well. We typically recommend NinjaTrader Brokerage because they’re related to the trading platform. When you’re trading with real money, remember that brokers typically apply a round-turn fee, per-contract, per-trade.

Moving averages, MACDs, etc. are said to lag. By the time you feel comfortable, the good price activity may be over with. Let’s focus on price and time instead. We like to use candles to tell us rather than traditional indicators that require specific values. Curve fitting data (stretching far back into history) can lead you astray. Focusing on recent price activity keeps things current. This is why we like to use the ATR (Average True Range) indicator with a period value of four rather than the default value of 14.

Webinar Pt. 2 – Decoding the Market With Price Action Trading

Want to see how the Atlas Line performed? We cover it beginning at 2:00 in this video. The dashed pink line is the Atlas Line. Some people use it for the signals, others as a filter, and many people use it for both reasons. Generally, look for selling opportunities when price is below the Atlas Line. When price is above, look for buying opportunities. The automated price action Short (sell) and Long (buy) signals appear tell you when to place a trade. You can set up an audio alert. A sound plays when it’s time to place a trade. Also, the Atlas Line price action indicator includes additional Strength (S) and Pullback (P) signals. This page contains more Atlas Line information.

The best way to get both the Atlas Line and Trade Scalper is to enroll in our eight-week training program called Mentorship. Everything is included (much more than those two methods) and explained during the eight weeks. We record each session so you can log in, as a member, to watch the video recordings. We hope to have you in our upcoming class! Click here to learn more and enroll.

Are You Picking Tops and Bottoms? Use Price Action.

Generally, picking tops and bottoms (highs and lows) is not the best way to trade. However, you can learn how to identify Yo-Yo Bars to help your trading.

In the video, you’ll see a group of candles representing a period where price “tried and failed” to reach higher levels. Price kept hitting an invisible ceiling for 35+ minutes. Price eventually went higher, but you probably would not have stuck around with an open position for that long. A single candle is not enough to identify such periods! After the Atlas Line Short (sell) signal, you’ll notice another Yo-Yo Bar grouping. Only here, price fails to go lower.

Throughout, a number of nice Strength (S) and Pullback (P) trades are sprinkled in. These signals belong to the Atlas Line, a price action signal software that provides a line that grows throughout the day. Its many signals appear based on how price “decides” to move around the line. For example, two closing candles above the line will produce a Long (buy) signal. Two closing signals below produce a Short (sell) signal. We teach you the Strength and Pullback signals in the member-only training video and live instruction.

The video concludes with another example of stalled bullish activity. You could easily draw a horizontal line across the common highest price value reached among many candles. Yes, you could look for a long opportunity once price surpasses (and closes beyond) a Yo-Yo Barrier. However, it’s best to navigate new price territory in the company of one or more trading systems/signals. Purchase one of our trading courses or software today and we’ll get you up and running in no time.

Fix Your Computer Clock to Improve Indicator Accuracy

We don’t like seeing traders repeating the same mistakes, especially when they’re easy to correct. The above clip is from our hour-long “NinjaTrader 8 How-To” video. This crucial portion tells you why it’s important to maintain an accurate computer clock. Also, it covers steps on how to maintain accuracy with official time servers going forward.

Windows 10 has the built-in ability to maintain an accurate clock. Unfortunately, from our experience assisting thousands of clients via remote support and through email, the Windows OS seems to regularly fail to maintain accuracy within seconds or minutes. Indeed, despite automatic synchronization settings, the Windows 10 clock drifts over time. Verify for yourself how off your computer clock is by visiting https://time.is.

Such inaccuracies may have a direct impact on your trading. Did you know that the Bar Timer indicator, for example, can have countdown issues if your Windows time is off? Yes! Just imagine how your other trading indicators may suffer. You probably don’t know how each of your indicators is coded, so it’s time to fix your Windows time. It’s best to get in the habit of periodically synchronizing your clock every couple of weeks. The video shows you how to add a special shortcut to your Windows desktop. After a few clicks, you’ll be accurate again for another two weeks or more.

Did you know we have a new Mentorship class that begins May 18, 2020? Mentorship is our eight-week trading school that covers all our courses and software with lifetime licenses. Join before it’s too late. We are almost full. Click here for details.

Advanced Day Trading Techniques You Should Know Pt. 2

Here’s the second part of the recent webinar. This portion starts off with Atlas Line signals and an understanding of candle wicks and bodies. You’ll see a perfect example of support and resistance. These are areas where price “refuses” to go lower or higher. Generally, when these levels are hit, you don’t want to be holding a trade for too long. Multiple candles stopping at an invisible barrier may constitute what John Paul calls a “Yo-Yo Bar.”

At 10:00 in, you’ll see an Trade Scalper Dbl Wick Long (buy) signal. This is followed by an Atlas Line Long (buy). That means two trading systems were saying “buy the market.” We like to see multiple systems agreeing on predicted direction, as we believe this helps confirm.

At 15:15, take a look at how John Paul explains an additional way to confirm trades using the larger trend at play. Instead of looking for short trades below the 50% point, you may be better off looking for buying opportunities above that price point.

At 17:18, the Trade Scalper settings are explained. Also, you can see it applied to multiple chart types, including a 10-Second chart and a tick chart. Yes, the Trade Scalper works with the NQ (E-min Nasdaq), CL (Crude Oil), 6E (Euro), etc.

At 21:00, take a look at the nice Atlas line signal on a 1-Minute NQ chart. The main Long (buy) signal is followed with multiple Pullback (P) and Strength signals. These represent additional opportunities. The rules for all signals are explained in the included live training.

Want to use the Atlas Line, Trade Scalper, or ATO 2? Visit our courses page and pick what works best. If you want to get all of our methods, enroll in our eight-week Mentorship Program.

Advanced Day Trading Techniques You Should Know Pt. 1

Here’s a recent live webinar recording where John Paul shares his live charts. Right away, you can see a great Short signal produced by the Trade Scalper software!

Our approach is based on price action. We like to let the market “prove” to us that it intends to move up or down. Our risk (profit target and stop loss) is based on recent conditions. The Average True Range (ATR) period of four is used to gauge if conditions are slow or fast.

In the case of the Trade Scalper, at about 5:50 in the video, the presenter explains how a current ATR value between one and five is necessary for trading under normal market conditions. Below one point is too slow; above five points is too fast. There are other approaches one can take when the markets are volatile. We’ve covered this in recent videos.

We often use a 5-Minute chart to get a sense of price action. Many traders use chart time frames that are multipliers of five: 10-Minute, 15-Minute, 1-Hour, etc. The 5-Minute lets us take a look at moves or trends that may be less detectable on smaller or larger time frames.

At 6:55, John Paul shows how to use the NinjaTrader ruler tool to measure the amount of ticks or points between two areas on a chart. The shortcut is Ctrl+F3. Click the first or start point, click the end point, and then click away to set the location of where the measurement data will display. The ruler tool is also available via the drawing tools menu at the top of every chart. Look for the pencil icon.

At 11:30, learn about our free trading news events indicator that’s available for free on our downloads page. The indicator allows you to see scheduled financial news events on your chart without having to navigate to a news website. If you enroll in our eight-week trading school (Mentorship), we provide you the ad-free version of our news indicator.

Jump to 12:50 to see how John Paul recommends tackling current and future market conditions overall. He predicts the market will go higher in 2020. Using a Daily chart timeframe, you can get a clear picture of recent highs and lows. At this point, where do you buy and where do you sell? By the end of 2020, he thinks the ES will reach the previous highs of February 2020. He says the “move” is at 3,400. A stop loss of 200 to 300 points is unfeasible for most traders. However, 2,782 is the midpoint. That’s where you look for Long (buying) opportunities. It’s possible the market will hover around the midpoint for multiple months. It’s happened in the past. We may see this “pause” around the halfway point before the continue upward in the coming months. He says your winning potential will likely increase dramatically when looking for long opportunities above the halfway (2,782 midpoint) in the coming weeks and months. Knowing this, if you want to maximize your potential, enroll in our next Mentorship Program.

How to Avoid Losses When Day Trading the Markets

If you have been trading or practicing day trading for any significant period of time, you will know how easy it is to lose money. Clicking the wrong button, waiting too long in a trade, or the market simply “disagrees” with your prediction – all of the above and more can happen. One of the best ways to be a successful trader is to limit losses. Avoiding loss through risk mitigation, accomplished via not trading during perceived periods of high risk, is one such technique. However, we’ve covered that before. What else can you do?

Take a look at the Trade Scalper method in use by John Paul in the beginning of the video. You can see many Trade Scalper Long and Short signals. As you can see, there were multiple “sell trades” that John Paul placed. By the way, the appearance of order text near candles is controlled by the Data Series area of the chart > Plot executions > (pick your preferred setting).

So how did those sell trades come to be? Watch the replay beginning at 1:10 in the video. In short, this was a 2.25 point winner using five contracts! The profit calculation is $562.50 before any broker fees. Here’s the math: 2.25 points of profit divided by .25 (.25 is a tick) equals 9 ticks multiplied by $12.50 per tick equals $112.50 multiplied by 5 contracts equals $562.50.

When relying on trading signals, it’s often important to enter in a trade soon after the signal appears. Timing is everything. If you’re too late, the market may move against you or you can get a smaller profit, if anything. It’s important to avoid chasing the price/entries (avoiding temptation). Next, when your target is hit, exit/close the trade. Don’t be greedy. Getting out at breakeven is better than a loss. Holding a trade for too long can be problematic. Maybe you want to hold onto the trade for longer thinking price will test recent highs or lows. That’s going to be up to you and likely the rules of the trading method that you’re using.

This is why we go into great detail with our courses. We cover a variety of situations you’ll inevitably encounter. Under pressure, it’s important that you are steadfast and can rely on concrete rules. Take a look at all of our courses and software to take advantage of the great activity we’ve been seeing lately in the markets!

How to Safely Invest in the UK Economy

England may not have the biggest national economy, but if we want to be honest, it has one of the largest and most important financial centers in the whole world. London itself is one of the biggest cities worldwide with the benefit of a high city gross domestic product. This makes the UK a huge financial hub for international investors. The stock exchange situation in this city is impressive and it is one of the top stock exchanges on the planet. Plenty of brokers like FXTM are providing the possibility to trade CFDs on commodities and indices, cryptocurrencies, stocks, shares, etc. and serving for the benefit of their clients.

The Risks and Benefits of Investing in the United Kingdom

Investing in this country can be safer than in other developing and frontier markets, but there are still many risks to be taken into account by investors. Some benefits of investing in the UK are:

  • Financial markets: considering that one of the biggest financial markets in the world is in the city of London, besides New York, it makes the UK market very stable for the investors that are looking for a place outside the US.
  • Blue Chip Stocks: some of the biggest Blue Chip companies on the planet are in this country. This decreases the risk of investing in that area and comparing other regions around the world.
  • The UK is ranked 8th in the Doing Business Guidance for 2020 in the World Bank.
  • Exports are competitive and varied in structure.
  • The legal system is perhaps the world’s most versatile.
  • For countries like the United Kingdom, the unemployment rate is one of the lowest.

Some Risks of Investing in the UK Economy

  • Services: the economy of this country consists of over 70% of all services, which is common for developed countries. Though this may mean more stability, shifts in consumer credit and product prices can trigger problems quickly.
  • Political issues: leaving the European Union may increase the risks of investing in that region and the same can be applied to Scotland leaving the United Kingdom.
  • An industrial field that often suffers from a high degree of demand and rivalry between many countries’ international firms.
  • Growth in productivity is very poor.
  • The trade deficit is substantial.
  • It is difficult to gauge the possibilities for improving the British economy and remain suspended in the deal that the government must discuss with the EU during the post-Brexit talks that will be held during the transition period by the end of 2020.

Invest Directly in the UK

The London Stock Exchange (LSE) also helps investors take a more straightforward approach to buy stocks. While some brokerage accounts provide capabilities for international trading, some investors may need to open foreign brokerage accounts.

All investors should view the tax probable consequences of direct investment in the UK with consideration. US brokerages, including firms like e-Trade Financial Company and Digital Brokers, providing access to the London Stock Exchange. Additionally, famous UK stock brokerages include companies such as Abbey Share dealing Banco Santander and Barclays Stockbrokers. Yet investors should be aware of any tax or regulatory consequences before investing.

Ease of Starting a Business in the UK

The United Kingdom is considered an easier region than many other big European economies to start a company. In the UK, you can sign your firm in only 24 hours. All High Street banks can provide business with banking facilities with accessible online assessment tools for a cost comparison.

Main Factors to Invest in the UK

The United Kingdom is one of the world’s oldest financial hubs in the world with several major corporations working within its economy. These factors make this a good international investment option for investors. Given its size, the United Kingdom faces some risks which deserve careful consideration. For example, its economy is strongly demand-dependent and could, therefore, be profoundly influenced by changes in consumer credit or commodity prices. Investors can invest in the Kingdom using a range of different options, ranging from easy-to-use ETFs and ADRs to the London Stock Exchange’s more complicated direct investment.

Learn ABC Method & See Live Trading Signals

This live webinar video starts off by showing two of our trading systems, the Trade Scalper and Atlas Line, applied to the same E-mini S&P 500 chart. We like to see signals from multiple systems indicating the same direction. This was the case with the short (sell) signals provided by both systems. The Atlas Line short signal occurred earlier following by additional short/sell Strength signals depicted with an S. The Trade Scalper signal occurred about eight candles later, which would be eight minutes on a 1-min chart.

At 2:42, take a look at the ATO 2 (At the Open 2) signals. Again, we see another short signal. With NinjaTrader, you can easily open multiple charts and arrange them so that all signals from your various trading systems are available to you. The ATR (Average True Range) is used to determine the profit target and stop loss. We discuss this at length in the included customer-only training and in many of the public videos on our website.

At around 6:10 in the video, we teach the free ABC Method. The first 2.5 hours of the day from market open is the A section. The B section is the following 2.5 hours. The C section is the final 1.75 hours (one hour and 45 min.). We use a vertical line tool to draw two vertical lines at the designated times, thus dividing up the sections. Essentially, the ABC Method focuses on finding breakout opportunities that occur when price exceeds the high or low of the previous section. To help with this, you can also draw horizontal lines to identify the breakout zones. Feel free to apply the strategy to other market open times, such as the London session. The explanation for the ABC method completes around 26:00 in the video, so you get 20 minutes detailing how this all works.

The last portion of the video focuses on new signals that occurred while the ABC Method was discussed. John Paul avoids the Trade Scalper long signal because price was below the Atlas Line. If the Trade Scalper produced a short signal instead, this would have been in line with the Atlas Line, and John Paul would have had more confidence in the trade. That Trade Scalper signal wouldn’t have worked out, so that’s why it’s wise to use both the Trade Scalper and Atlas Line. Check out the Roadmap software shown at 27:40. This Roadmap software is exclusive to the eight-week “trading bootcamp” we offer called the Mentorship Program. Our next class begins April 28, 2020. It’s a great way to learn everything. We’re seeing a lot of interest lately because of folks like you looking for at-home income opportunities! Click here to learn more and enroll.

Live Price Action Trading Signals Reviewed in Webinar

Here’s a recent live webinar conducted April 6, 2020. In this presentation, you’ll see our methods traded live. You, too, can get the same signals. If you’re at home looking for other ways to make money during this difficult time, consider one of our courses: Trade Scalper, ATO 2, or Atlas Line. We also have an eight-week training program called Mentorship that will get you up to speed with everything we have to offer. It’s the most cost-effective way to receive complete training so you can trade the markets daily!

Notable parts of the video above:

  • 00:40: Remember to subscribe on YouTube so you can get notified of new videos we post.
  • 02:00: Trade Scalper Long and Short signals on ES 06-20 chart.
  • 03:06: How to handle volatility spikes and anticipate the moves of other traders
  • 06:15: Download a free news indicator for NinjaTrader
  • 08:10: How to trade and attempt to predict market activity day to day
  • 11:00: Dealing with multiple systems with conflicting signals
  • 11:50: Full display of Trade Scalper signals for the day followed by real-time signal
  • 16:55: Configuring the Trade Scalper software (no optimizing required)
  • 20:00: How markets test highs and break through
  • 22:02: Atlas Line live trading signal (matches Trade Scalper indicated direction) on 1-Minute chart
  • 23:55: 2-Range chart use with the Trade Scalper
  • 28:13: Realistic profit targets and stop losses
  • 39:00: Trade management concepts

All trades should be considered hypothetical. No guarantees or claims of performance are offered. Past performance is not indicative of future results. Day trading is risky and may cause substantial financial loss. Individual performance may vary, as trading subjects your finances to new, unexpected market conditions. You are responsible for executing trades. Before trading, consult with a licensed broker and a financial expert see if day trading is suitable for you.