Scalping Frenzy: Parts 1 & 2 of This Week’s Recorded Webinar

So many signals, but do you take them all? Or do you use some discretion and only take those with a greater winning probability? Self-restraint is important with any scalping method. You could set up the Trade Scalper to fill your day with signals. It’s tempting. Or you could follow the rules we provide you in order to determine if the market is too volatile, if there is an upcoming news event, or if it’s too late to place a trade because the move is over. We teach you what you need to know in the included live training. Here’s a link to the Trade Scalper page where you can purchase.

In Part 1, we take a look at multiple chart types both commonly and uncommonly used with the Trade Scalper, including a 1-Minute, 5-Range, and 10-Range. John Paul also explains a bit about the different types of signals provided, which include regular Long and Short as well as Dbl (Double) Wick Long and Short. After you purchase, we soon provide you with a digital download for the Trade Scalper course. We also include the X-5 as a bonus. We don’t talk about the X-5 too much, but it’s a “secret” method used on 5-Minute charts that’s based on manipulation. Yes, it tells you exactly where and how to find trades. It’s a nice accompaniment to the Trade Scalper.

Update: here’s part two!

As you can see, the title to part two is, “Trading Facts You’ve Been Missing.” Right away, we jump into the following:

• Another live Long signal from the Trade Scalper

• Why you shouldn’t chase trades

• 10-Range vs 2-Range signals

• Can you add the Trade Scalper to multiple charts at the same time or does that cause problems?

• Review of market activity last year through big sell-off to climb back up and current conditions

• Trailing stops and long-term (swing trading) buying/retracement opportunities involving past highs

• MIT order details – pros and cons

In this webinar, we saw a few existing clients jump in and attend – thanks for coming!

Follow Trading Signals Correctly: Entries & Management

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.

Trading Manipulation: Phantom Orders Revisited

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.

See all of our trading courses and software that have stood the test of time.

How to Optimize Your Windows OS/Computer for Trading

Your Windows operating system, if not configured properly, uses your CPU (processor), memory (RAM) and other resources for tasks that may not actually serve you, the user. Who is your computer working for, anyway? You or Microsoft? In this video, we show you how to use a third-party tool to disable much of the unnecessary stuff (i.e. junk) so that more resources are free for other things, like day trading.

Keep in mind, we do not control the websites or the software. Use these tools at your own risk and perform any necessary backups prior to use. For what it’s worth, we’ve used these utilities for some time and have not had problems.

First, we start off with a review of Windows Task Manager – what is it and how to read it. You won’t know how bad off you are unless you pull open Task Manager to see what programs/applications/processes are eating up your resources.

Now, let’s immediately clear up a common misconception. Computer memory is for temporary storage. Hard drives or hard disk space is for long-term storage; i.e. your files. Here’s an example. When you play a movie, the entire movie or portions thereof, are loaded from your hard drive into memory and then the movie player application, in concert with your CPU, graphics card, etc. decode the movie and does the rest of the work to present you the visuals and audio. When you close the movie player application, the memory is “freed up” and returns to the operating system (Windows) for future allocation. Your hard drive, on the other hand, will still retain the movie file unless an application (or you, the user) delete the movie file. Got it?

Some applications take up a lot of memory. If you have many tabs open in the Chrome browser, expect diminished memory. The same is true if you open up many NinjaTrader charts. We recommend a computer purchased within the last five years. 8GB+ of memory is good, though we often recommend at least 16GB because there’s enough memory to go around, usually.

Windows, itself, does a lot of reporting back to Microsoft and invisible data parsing of different types. Back in the day, in earlier versions of Windows, when your computer was sitting there idle, it was mostly idle. These days, your computer’s always doing something, unless you take great care to reduce operations that are likely unecessary for the typical user. That’s what the video above is about.

Yes, there are other things you can do to optimize your Windows computing experience, such as uninstall bloated and ineffective anti-virus/malware, optimize applications that load on startup, etc. but that’s a different video for the future.

To clean up Windows, we recommend O&O ShutUp10. It’s easier to use than the more detailed one mentioned in the video.

Any Winning Atlas Line & Trade Scalper Signals Today?

Price Action Trading System: Trade Scalper
Price Action Trading System: Atlas Line

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.

Day Trading Results – Friday Signal Review

Many short signals today, Friday, June 19. The Atlas Line agreed with the Trade Scalper’s seven or so Short signals. When the Atlas Line says “price is expected to stay below, look for Short trades,” we’re happy to use the Trade Scalper to find those Short trades. In fact, we saw seven or so Short trades in today’s E-min. We’re talking about two failed trades out of about 20 that were winners. Jump to about 3:30 to see the Atlas Line performance from today and yesterday. Read more about the Trade Scalper or Atlas Line.

Remember, we have a new eight-week, all-inclusive Mentorship class that begins Monday, June 22, 2020. All courses and software are included. You’ll get the Trade Scalper, Atlas Line, ATO 2, Roadmap, Multilines (for Price Action Scalping and X-5 methods), and much more! For example, you’ll learn the Blueprint trade, and how to filter out high-risk trades and focus on those with the most potential. Click here to read more and enroll before it’s too late. Yes, we can help you install and configure everything.

How to Organize Trading Windows Using Window Managers

Many of our clients want to know how to arrange their trading charts in a nicely organized fashion. If you trade with just one computer screen, you probably understand the need to make the most out of limited screen real estate. Hopefully, this video helps you.

To get the Trade Scalper and Atlas Line as seen above, view our courses page here.

The Windows operating system has a built-in window snapping feature. However, the native snapping feature is rather limited. For example, you are limited to covering 50% of the screen with each window. That isn’t very useful if you have more than two charts or other trading windows. If you use the Windows key plus the arrow keys on your keyboard, you can get a sense of how it works. Want to stack three charts vertically along with a NinjaTrader SuperDOM window on the right? Get ready to spend time manually dragging windows into place. Instead, keep reading to see the recommended alternatives.

A number of Windows “window manager” applications exist. However, only some of them actually work with NinjaTrader. Without getting too technical, NinjaTrader’s windows are not “traditional,” so these third-party window managers cannot “see” them. Several applications we tested fall into this non-NinjaTrader-compatible category including Fancy Zones, WindowGrid, and AquaSnap. Surely, there are others that work, so feel free to comment if you have any suggestions.

We recommend Divvy or GridMove. By the way, we’re not affiliated with the software or authors.

GridMove takes a bit of practice, as triggering window placement is inconsistent. You may want to try configuring shortcut keys to trigger window placement. Also, you will need to configure a template ahead of time and make sure the template is selected prior to snapping windows into the designated screen areas.

Divvy is much easier but comes with a $14 price tag. Try the demo first. You’ll need to first click the target window and then invoke Divvy. Once Divvy appears, drag your mouse within its grid to designate where the prior window should be and how it should be sized. Repeat for the remaining Windows. Yes, you can familiarize yourself with the shortcuts or just do what we did in the video.

With any window manager software you use, even if you set things up manually, you’ll probably want to save your workspace in NinjaTrader. This will ensure the window positions and sizes are saved and will be recalled when restarting NinjaTrader.

How About Some Live Signals? Today’s Webinar Video

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.

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

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

Roll Over CME Futures in NinjaTrader 8 Instructions

June 11, 2020 is rollover day for the E-mini S&P 500 (ES) and other popular CME Group equity index futures. If you don’t know what that means, you need to switch from the ES 06-20 to ES 09-20 on June 11, 2020 or soon after because the actual expiration day of the ES 06-20 contract is June 19, 2020. Some traders prefer to wait until the majority of the volume has transferred to the new contract period. This tends to occur within a few days after the roll date. What happens if you don’t roll over? Well, price action will start to look a bit odd. You’ll see a lot of doji candles. Eventually, you won’t get live data. You won’t be able to place real-time trades. Normally, NinjaTrader produces a popup letting you know it’s time.

So how do you rollover your NinjaTrader charts? It’s easy. First, you probably don’t want to have an open position, so gracefully exit open positions or wait for an opportune time. Go to the NinjaTrader Control Center > Tools > Database Management > click Rollover > wait until you get a message > you’re done! Go back to your charts and you should see they are now all the new contract period. Keep in mind, you need to follow these steps on or after the rollover date, otherwise the rollover “won’t appear” in the list. Watch the video as a visual explanation is better.

If you’re bored and want to look at all of the roll dates already programmed into NinjaTrader 8, go to the NinjaTrader Control Center > Tools > Instruments > type in ES > click the E-mini S&P 500 Futures listing > edit (at the bottom) > scroll all the way down until you see the contract months section > click 66 rollovers (or whatever number appears) > in the left panel, click the next contract period (i.e. 09-20 in this case) > notice that the rollover date is “06/11/2020” in this case. Wow! What a process, but it saves you from looking it up online if offline work is more your thing.

3 Days of Price Action Trading Signals Reviewed

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!).

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.