Tomorrow, Sep. 7, 2017 remember to roll over your E-mini S&P charts to ES 12-17. September 7 is the rollover day for CME equity index futures. The actual expiration date is Sep. 15, but most roll over on the exact roll date. Some traders prefer to wait until the new contract period has absorbed the majority of the volatility. You can check current volatility levels on this page.
To roll over in NinjaTrader 8, you can follow NinjaTrader’s instructions or ours below.
How to roll over:
1. In NinjaTrader 8’s Control Center, go to Tools > Database Management
2. If you’re looking at these instructions on Sep. 7 or after, you should see that the ES is in the list to roll over. Click the Rollover button.
That’s pretty much all you have to do!
If you have any open charts, make sure they’re set to ES 12-17. Look in the upper-left corner of the chart. If needed, select ES 12-17 by clicking where it says ES 09-17 > Futures > ES 12-17.
See this video for further help:
As a reminder, Monday, September 4 is a Federal holiday here in the U.S., so expect market interruption. Labor Day is always observed the first Monday in September.
Here’s the CME (Chicago Mercantile Exchange) schedule for equity products, which includes the E-mini S&P:
• On Friday, Sep. 1, markets will close at the regular time
• On Sunday, Sep. 3, markets will open at the regular time
• On Monday, Sep. 4 (Labor Day), markets will halt (close early) at 1:00 p.m. US/Eastern (New York time, UTC-4)
• On Monday, Sep. 4 (Labor Day), markets will resume at 6:00 p.m. US/Eastern (New York time, UTC-4)
These times also apply to the CME’s interest rate, FX, energy, metal, and DME products. Click here for the official page with trading hours.
According to the U.S. Department of Labor, the purpose of Labor Day is to recognize “…the contributions workers have made to the strength, prosperity, and well-being of our country.”
Here is a full list of 2017 trading holidays.
A new Group Private Mentorship class begins October 10, 2017. Eight weeks of live training with John Paul will teach you everything you need to know to successfully trade futures and currencies. All courses and software are included with full, non-expiring licenses. This new session has classes twice each week.
We expect this new session to fill up quickly. It’s a good idea to reserve your seat as soon as possible.
Click here to submit your $500 deposit. This deposit secures your seat and provides you with the first week’s materials ahead of time. You’ll be able to receive the ATO course and software for NinjaTrader right away!
• Live coaching with Day Trade to Win founder John Paul
• Atlas Line® software
• Roadmap method
• Blueprint method (as taught in Power Price Action)
• X-5 method (as taught in the Floor Trader Secrets Manual)
• At the Open (ATO) Course
• Trade Scalper Course
• Price Action Scalping Course
• ABC Pattern
• How to Filter Trades
• How to Trade the News
• How to Set Up Your Charts
• How Manipulation Works
…plus much more!
See real Mentorship Program reviews written by students
If you missed Friday’s webinar, don’t miss the replay! You will see exactly how the Atlas Line signals were generated on the chart, along with the ATO 2 firing off right at the end. The E-mini S&P 500 and similar markets have shown increased volatility. Don’t wait for the market to get any higher – the opportunity to start trading is now!
You will see the software in action and learn some great tips. The ATR tool shows price consistently hitting around 2 to 3 points. This makes for great trading. Watch the replay and see for yourself…
Many topics were covered. The traders in the room had many great questions. Watch the Atlas Line and ATO 2 explanations on why price action is the best way to conquer the markets, especially during the volatile days ahead.
There’s no guessing. We also know the direction (long) because of the ATO 2 long signal that appears on the chart. The trade took a while, so the video is sped up. The ATO 2 software is quite easy. And by the way, we have rules for getting out of the trade. If this trade didn’t work out, John Paul would exit the position soon after.
We wanted to share this with you because many traders wanted to see the result. Pick the trading course, software, or class that’s right for your directly from this page. We look forward to helping you learn the strategy and don’t forget this date: August 28, 2017. That’s when the next Group Mentorship class begins. Yes, you fully learn everything it takes to understand the markets and the live instruction can’t be beat. After purchase, our support team can also help you install and configure NinjaTrader 8 and the price action software.
Look at this ATO 2 trade that occurred as John Paul was ending today’s live webinar. He left the recorder running, showing this E-mini trade was worth +2.25 points. On the E-mini, that’s $112.50 if you’re trading one contract. If you’re trading more contracts, just multiply. How did we know that profit was worth +2.25? By looking at the ATR tool on the bottom of the chart. It’s used as a real-time indication of volatility potential. We do a simple calculation and we know what we may be able to expect from the market. In this case, the profit target was 2445.00. There’s no guessing. We also know the direction (long) because of the ATO Long signal that appears on the chart. The trade took a while, so the video is sped up. The ATO 2 software is quite easy. And by the way, we have rules for getting out of the trade. If this trade didn’t work out, John Paul would exit the position soon after.
We’re going to post the rest of the webinar, soon. We wanted to share this with you because many traders wanted to see the result. The ATO 2 can be purchased directly from this page. We look forward to helping you learn the strategy. Yes, you fully learn how it works. Using the indicator software is optional. It’s all based on price action. After purchase, our support team can also help you install and configure NinjaTrader.
Many traders were in attendance to learn how to decipher price action trends in 2017. There’s a lot for you to learn in this half-hour webinar. Here’s what John Paul covered:
• Why we prefer to use 5-min charts
• How to use a daily chart for a larger outlook of 2017
• What the January Effect is and how to identify it
• How to find January Effect trades and filter them
• Using the ATR (Average True Range) to assess current conditions
• How the Fibonacci retracement tool can be used to find trades
• Predictions for the coming days and months
• How to identify trending days and cycles
• How to handle summer trading conditions
Remember, even with solid historical evidence, no prediction or signal can truly indicate what will occur. Trading always has a significant financial risk. Be sure to check with a licensed broker and finance expert before considering a trading career or hobby.
Improve your trading with John Paul on a weekly basis. Group Mentorship provides live training twice a week. The Individual Mentorship program can be scheduled to your availability, with even more lessons each week. He’ll cover every single strategy. All courses and software are included. Click here to read more about this eight-week trading school.
The January Effect has produced massive opportunities in recent months. Take a look:
• March, 2017: +18 to +40 points
• May, 2017: +18 to +30 points
• June, 2017: +17 to +24 points
What’s happening now, in July? You’ll have to watch this video to find out…
In this video, John Paul takes a look at how the January Effect has worked in 2017 thus far. He also makes a prediction for the rest of 2017. Because we’ve just passed the year’s halfway point, it’s a great time to pause and review.
Before we get into the details of this strategy, you may want to check with your broker and/or financial professional to see if you’re capable of holding big trades overnight and for multiple days. The longer you hold a trade, the bigger the risk.
Let’s review the basic January Effect rules. Open an E-mini S&P chart. If January for the given year closed higher than it opened, then the January Effect exists. John Paul believes that you can expect price to close higher for the year in December. As price moves toward the December high, you’ll most often see a slow upward trend with plenty of pullbacks. For long (buy) trades, wait for the highs to be broken by at least two to three points. Pullbacks may provide better trades. When price begins to drop (pull back), there’s a buying opportunity when price retraces back to the 50% level of the previous high. Use NinjaTrader’s Fibonacci tool to help find the exact 50% point. Even for these big moves, the ATR (Average True Range) can be used to find an appropriate profit target and stop loss.
Click here to see all of our courses. If you want to learn more about the January Effect and get ALL of our price action strategies in one complete package, join the next Mentorship class. This class begins Aug. 2, 2017. All courses and software with lifetime licenses are included. Training is twice a week with John Paul. Email support is included. Our support staff can even help you install the trading platform and the class materials. Click here for details.
Price Action trading can be confusing but using At the Open 2, Atlas Line or even the Trade Scalper can help you understand how to trade the markets. Here are three charts all on the same day, July 14 demonstrating how different each methods is and the signals created. Click here to see all the courses and software
This is just a quick reminder about the upcoming U.S. trading holiday, Tuesday, July 4, 2017. For those of you outside of the U.S., this holiday is called Independence Day. It’s also referred to as “July Fourth” or “Fourth of July.” On the day before (July 3), CME equities halt trading at 1:15 p.m. US/Eastern and resume at 6:00 p.m. US/Eastern. On the day of (July 4), markets will close early at 1:00 p.m. US/Eastern. This early July 4 halt applies to CME products such as E-mini and other markets categorized as equities, interest rates, FX, energy, metal, and DME products. These markets reopen at their regular times, at 6:00 p.m. US/Eastern the same day (July 4). Note that some of the agricultural markets are closed the entire days of July 3 and July 4. See the official CME holiday hours here.
Here is a full list of 2017 trading holidays.
If you’re serious about trading, take the time to learn about the benefits and risks. Speak with a licensed broker as well as a financial advisor. You will not be a millionaire overnight. Even if you follow trading signals exactly, live market conditions can change suddenly and cause big problems. One of the ways to mitigate large losses is to use a stop loss. If your stop loss is too small, sometimes you will leave a trade too early (get stopped out) before the profit target is hit. That’s why John Paul teaches these things in the included live training. You have to be realistic with your expectations and bite off only what you can chew.
Take a look at the E-mini Atlas Line trade that occurred this morning. The chart that you see in the video is using real-time data, not Market Replay data. Why was there a long signal at 2429 around 10:05 a.m. EDT? Two closing bars (above or below the line) will produce a signal. Once the second green bar closed, the long signal appeared. You will only get long signals when price closes above the Atlas Line. The profit target and stop loss were automatically placed using the ATM Strategy feature. When Chart Trader is enabled, you can manually move around your profit and stop. Keep in mind, doing so will put you in the back of the line, so to speak.
According to the rules of the Atlas Line strategy, the ATR in this trade allowed for a two-point profit target. Likewise, the stop loss used is the maximum (catastrophic) stop. If your profit target isn’t hit, hopefully, the market will get you out at a smaller profit, break-even, or smaller loss using the other two stop loss techniques: the prove-it and time-stop.