Here’s a video that starts off with our Trade Scalper software running on n a 1-Minute E-mini S&P 500 chart (ES 09-20). The idea is to place an order soon after a Trade Scalper Long or Short signal. In this case, we start with a Long (buy) signal when the candle closed at 3028.

Remember, moving your entries, profit targets stops, etc. creates a problem because you will put yourself “at the back of the line” and you may not get what you want in time. You don’t want a worse fill. The longer you are exposed to the market, the riskier the trade is. If you wait for three, four, etc. minutes and price moves away, it’s possible the move is over with and you missed out. Time is not on your side. Don’t chase the trade or “revenge trade.”

Why are we showing a 2-Range chart on the left? At 2:56, you’ll see a Short signal. It’s a great opportunity to demonstrate the same idea. When scalping, it’s best to get filled in under five minutes. Avoid chasing fills. You may want to use an MIT (market if touched) order. Price needs to touch – no need to go through – a designated entry price. It converts itself into a market order. There may be slippage in your favor or you could get the exact price. You could get filled within a tick. Slower markets require tighter stops and profits. Faster markets have the potential to reach profits.

See how price reaches -1.5+ at one moment? John Paul doesn’t touch the trade for the aforementioned reasons. Too little time has gone by. Sure enough, by 7:22 in the video, the trade turned around to be a +2 point scalping winner. You could trail a stop or get out and wait for the next Trade Scalper signal.

Do you want Trade Scalper signals on your charts? Get started by purchasing the Trade Scalper today.

In this video, we discuss order manipulation that exists in the market. The type of manipulation we’re referring to can be observed in the SuperDOM, and applies to both the Dynamic or Static variations. To make a long story short: don’t trust what you see in the SuperDOM in terms of buy and sell orders.

In case you are unfamiliar with the SuperDOM, it’s essentially the price ladder in other platforms…

See all those numbers fluctuating in the SuperDOM’s buy and sell columns? Are those actual trades awaiting fulfillment? Yes and no. It is true that human buyers and sellers do exist. However, high frequency trading algorithms manipulate the values you see by introducing “phantom orders.”

As demonstrated in the video, it is easy to constantly change the order price. John Paul drags the order (in green) up and down the SuperDOM. Furthermore, trading algorithms and real traders are doing this en masse, including order cancellation. A common phantom tactic is to place an order using many contracts, wait until price approaches the order value, then take action (order movement, cancelation, etc.). Therefore, you can’t really trust the orders on the SuperDOM. They’re manipulations to lure you in, provide false values to trick other systems and traders, etc.

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Hopefully, this helps with some of the requests for charts we’ve been having lately. Here are two E-mini S&P 500 (ES 09-20) charts from today. A 1-Minute Chart contained the Trade Scalper. A 5-Minute contained the Atlas Line.

We were happy to see the Atlas Line aiding the Trade Scalper by confirming that short (sell) trades were the priority. You see, the Atlas Line gives us an overall direction of where price is expected to go, so when we see other systems like the Trade Scalper move in the same direction, we think those trades are better. Yes, both methods work well together.

The Atlas Line’s own signals were good, too. We saw price drop soon after each Short signal on the Atlas Line’s 5-Minute chart.

You could purchase each method as a standalone system or use them together like we do – the choice is yours! Click here for our courses page to read more about both.

Below, watch today’s live webinar (recorded Friday, June 12, 2020). We’ve split the recording into three parts. You’ll see live signals from the Trade Scalper price action indicator as well as the Atlas Line. We cover a number of things and answer questions from the audience.

First, you’ll see the Trade Scalper is working on a 1-Minute, 2-Range, and 2-Second chart. For profit target, stop loss, and risk assessment, on time-based charts, we use the ATR (Average True Range). For the 2-Range, we use a different method that’s taught in the customer-only training.

You’ll see John Paul use the expired June 2020 E-mini contract (ES 06-20). He demonstrates rollover to September 2020 (ES 09-20). We covered this in a recent video, but not all the webinar participants were aware.

The Atlas Line appears in the second video around 13:28. We normally use it with a 5-Minute chart. Fast conditions required a 1-Minute chart.

To learn the Atlas Line, Trade Scalper, ATO 2, Roadmap, X-5, Price Action Scalping, Blueprint, and more trading strategies, enroll in our eight-week Mentorship class that begins June 22, 2020. It’s the most comprehensive class we offer with everything included – Lifetime Licenses. Click here for details.

Part 1 – Trade Scalper Signals on 3 Chart Types, Rollover, etc.

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Part 2 – Using Atlas Line to Filter Long Trade Scalper Trades

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Part 3 – Long Trades vs. Short Trades: Does It Matter?

Let’s look at the price action signals for the Atlas Line and Trade Scalper for today. First, we start with the Atlas Line software. If you are a customer who has purchased multiple indicators from us, you can find the indicators in your NinjaTrader indicators area with the prefix “DTTW8”. And of course, you can find in-depth training on these methods in your members-only access area.

The first thing that probably catches your eye is how price rides just above the Atlas Line. There are no short trades! In this case, it’s almost like the Atlas Line knows what price is going to do. Remember that the Atlas Line continues to plot at the same angle throughout the day. That means when the Atlas Line began to plot soon after market open, you could extrapolate the angle of the line and get an idea of the expectation for the day. Now when we say expectation, that does not mean price will be above or below the line the whole day. The line us useful because how price moves around the line determines whether signals plot. For instance, two closing bars above the line will produce an Atlas Long signal. Two closing bars below produces and Atlas Short.

If you want to see the prior day’s signals, jump to 2:10. On June 4, we see a great demonstration of how the Atlas Line can clarify when and how you should take a trade. Many traders probably lost big in that choppy market. As you can see, the E-mini saw many big ups and downs though the overall move was down. Look at how the Atlas Line capitalized on the big moves with signals before those moves occurred. Nice, huh? Take a look at the Trade Scalper around 3:40. We won’t spoil what happens there (hint: it’s good!).