Let’s take a look at a 2-Range chart to see if there are any Roadmap and Trade Scalper signals. Right away, we can see a down red arrow, which is a signal from the Roadmap to go short. The signal text appears above the arrow. John Paul uses an MIT order with a goal of making money with a Short (sell) trade using six contracts. He’s filled within a tick of the desired entry price, which is acceptable. No scalping signals have occurred yet, but watch what happens…
Recall how the E-mini S&P 500 market is structured. Each point is worth $50 USD. If the goal (or profit target) is two points, the profit is $100 before any trading costs (i.e. broker fees). If you trade two contracts, then multiple the profit or loss by two. In this case, a two point trade is worth $200 before any trading costs. In this case, John Paul is using six contracts, so with a two point profit target, the math comes out to a goal of $600 before any trading fees apply.
Back to the trade at hand. A Trade Scalper signal fires off while he’s in the Roadmap trade. The scalping signal is for the same direction, short. It looks like that trade would have been good, too.
Did you take similar trades around this time? The Roadmap trade produced a $600 winner in three minutes (again, before any trading fees, such as round-turn broker costs, which may have been around $30 as a rough estimate – it depends on your broker and funding setup).
The SuperDOM is how to place orders and manage trades. While you are in a trade, the bottom of the SuperDOM shows your profit or loss in points (the default display mode) and is colored red or green based on profit status. Many traders have asked us, “How can I see the profit or loss amount in dollars?” This video will show you how.
The adjustment is simple: click on the red or green profit/loss text and it will cycle among the display modes. In order, the display modes are points > ticks > currency (e.g. dollar amount) > percent (not recommended) > pips (i.e. # of increments away from entry price).
NinjaTrader refers to this area as the bottom of the PnL (profit and loss) column. Did you know that you can customize the color of each display mode? You probably don’t need to do this, but if you want to get fancy and change the profit and loss colors for each display mode, you could do so via: right-click the SuperDOM > Columns > in the top-left panel, double-click PnL so it jumps to the bottom-left panel > make your customizations on the right for each mode (currency, percent, pips, points, ticks) > click OK. There’s probably no need to do this, but the ability is there.
This is the Roadmap. It’s one of the powerful methods we teach in our eight-week Mentorship Program. Visually, you can see the horizontal red and green “Zone” lines along with entry signals, e.g. RMap Short and RMap Long. In Mentorship this method takes priority over most others, including the Atlas Line. We like to use the Roadmap first to determine if there are any trades and if conditions are worth trading. It’s a first line of defense against risky conditions, determining anticipated market direction, finding opportunities (via its own signals), as well as filtering other methods/signals.
Some of the things the Roadmap can tell you:
Is a reversal expected to occur?
How much longer is the trend expected to continue?
Are there any valid Roadmap Long or Short trades? (You’ll be able to spot both trend and continuation setups)
Whether you should be sticking with Long or Short trades
Whether you should feel confident with your other trading methods, such as the Atlas Line and Trade Scalper
The idea is this: for a given point in time, an equal amount of buyers and sellers must exist for buying and selling to occur. Trading is a zero-sum “game” – it all has to balance out. There’s no middle-person. There’s one buyer for one seller and vice versa. When an imbalance is to occur, there’s what we call a “stoppage” point where price changes direction. Trades occur as price moves from Roadmap Zone to Roadmap Zone. Watch the video for further explanation.
The Roadmap works with the E-mini S&P 500 (ES) primarily, although it can be adapted to other markets.
This video starts off showing multiple Long (buy) signals from our Trade Scalper. Soon after that, John Paul adds the Atlas Line software to see what types of signals will appear in real-time. Both the Atlas Line and Trade Scalper are running on a 1-Minute ES 09-20 chart. One the Atlas Line is applied, we can see a short signal when price is at 3354.
Did he place the MIT order in time?
Price needs to touch that green MIT order line to turn into a short market order. Looks like he got in too late, but it would have been a winner. Let that be an example of what can happen if you’re preoccupied with something else (e.g. recording a trading video) rather than the market. Yes, price continued to drop afterwards, so if we held on to the trade, it would have been a winner, but let’s not lose sight of the Atlas Line trading rules. We’d rather not chase Atlas Line trades – it’s better to place an order right away.
A Trade Scalper short signal occurs at about 3:00 into the video. That was a winner. Another scalping trade is placed around the 4:52 mark. That’s a Long trade. That, too was a winner.
Ready to learn how to trade?
We have a new eight-week Mentorship class that begins Aug. 24. classes are twice a week. All courses and software are included with Lifetime licenses. All lessons are recorded. That means you can refer to the training videos and continue using the software/signals/methods well into the future! We look forward to having you in our upcoming class. Click here to learn more and enroll.
For those of you who want to see our signals perform in real-time conditions, this is the video to watch. As a matter of fact, you can jump to the 12:00 mark to see a nice Long signal plot live…did you take this trade?
We start off with a 2-Range chart that containsour Trade Scalper indicator software. Take a look at that nice Long signal at 3330.5. Price goes straight up. Nice! When scalping, the idea is to win on multiple trades like this quick and easy, multiple times per day. See more signals explained at the 4:30 mark.
Throughout the presentation, you’ll notice many other signals. We can’t stress this enough: the signals do not change over time; they don’t repaint. In the world of trading signals, that’s considered a really good thing because many so-called winning systems modify signals afterwards to make performance look better. You could call it “hindsight optimization.” Or as we call it, “nonsense.” Our signals don’t do that; they appear as you see them and they don’t change. You get what you see!
As a reminder, be careful when trading the market open (first 20 min. or so) and near market close (last 20 min. or so). At the end of the day, the everyday trader is “squeezed” because they are trading on a margin. The market forces many exits and these cascading effects can increase unpredictability.
Do you know why we don’t offer a trading room? It’s because we want you to be independently successful. You can get signals based on your understanding of the methods and from our indicators instead of some person who has to show up to a webinar room every day and has enough coffee to effectively call out trades. We’ve seen many other problems with trading rooms in our 10+ years in this business online. Trust us when we say that independent success is the way to go…
That’s why we offer an eight-week Group Mentorship Program. The next one begins Aug. 24. You can get the first week’s course and software right away by enrolling – click here for the Mentorship page.
We love it when two signals agree on the direction and fire off around the same time. That’s exactly what happened today on the 5-Minute E-mini S&P 500 (ES 09-20 in NinjaTrader 8). The Atlas Line® and ATO 2 agreed on the direction and were overlayed at the same place (we had to separate them for the chart screenshot). Take a look for yourself…
It gets better. Take a look what happened today on the ES 09-20 using our Trade Scalper software on a 2-Range chart. We count 1 losing trade and 11 winning trades. Yes, these are the same signals you would see with the same basic chart configuration with our Trade Scalper software applied.
Today’s live webinar room was at capacity and we had many people who were trying to attend. We’re happy to have the first part of the recording ready for you. We saw many live signals and took requests to show the Atlas Line, Trade Scalper, etc. across various types of markets. Thank you to all who attended and for your great questions.
Right away, you can see the ATO 2 and the Trade Scalper running and producing signals. The Short signal you see belongs to the Trade Scalper software. As you can tell, the Short signal was a winner – price continued going lower.
Look at how the volatility spiked at market open, around 9:30 a.m. US/Eastern. The yellow/gold ATR (Average True Range) was at 2.25 points. We use this value to determine the profit target and stop loss for our various trading methods. We like to read the market, understand the price action, and adapt our approach using reasonable, real-time goals and risk management.
Stay tuned for the second portion, which we will post soon.
Want to get everything we have in one complete package? The August 4, 2020 Group Mentorship class gives you all courses and software with Lifetime Licenses. We’ll set you up with learning materials right after you sign up!
John Paul places an E-mini trade about halfway in the video worth $600+ (+2.5 points) using five contracts.
We often here stories about all the things our clients have tried before using our methods. Often, people tell us how they were lured into trading the E-mini opening right when it opens: 9:30 a.m. US/Eastern or immediately thereafter. Big mistake! And to make things worse, they used tight stops, which were often hit.
They were banking on price going exactly to their profit target in an unwavering motion. It doesn’t work that way! Fluctuations occur constantly. Avoid the first 10 minutes, as that period often has big swings. Our ATO 2 method has been relied upon for years by traders to deal with the opening of the market and find moves that we believe are far safer. We teach traders an adaptable, realistic approach.
As demonstrated, The ATO 2 can run on a 1-Minute chart alongside the Trade Scalper.
Were you using our Trade Scalper software yesterday, July 28 with the E-mini S&P? If so, the signals were again, excellent. Within the first 30 seconds of this video, you can clearly a solid number of consistent winning signals. Once you have the Trade Scalper, you will see the same signals we see.
With this scalping method, we’re using a 2-Range ES 09-20 chart with NinjaTrader 8. Traditionally, a 1-Minute chart is used. We can trade the 2-Range interval under relatively slower conditions, which may be the new norm compared to weeks and months ago of very volatile conditions. That’s good news for us traders, as you have more chart types to pick from. As mentioned in the video, tick and volume charts are also compatible. Make sure you’re trading markets that actually move: the ES, NQ, YM, 6E, CL, etc.
At about 3:00, you can see what’s it like to get a real-time signal. There’s an audio alert (doorbell) along with a Short (or Long) text signal. That’s the entry price you should aim for. It’s then up to you to place an order, and providing you get filled, manage the trade according to the rules you’re taught. Remember not to chase too far!
A market order may give you a tick of slippage; generally order fulfillment within a tick or two is acceptable. We let price action tell us how much to “go for” (aka profit target) on each trade and how much to risk (aka stop loss). This dynamic approach allows us to capitalize on bigger win potential when the market is more volatile rather than limit ourselves unnecessarily.
Back to the trade at 3:00 – John Paul is going for three ticks of profit. He’s showing you a scalping method, after all, so the overall idea is to go for multiple winners that have smaller profit targets than, say, our Atlas Line® software. We often pair the Atlas Line® with the Trade Scalper so we can have the best of both worlds.
A couple reminders:
If you need to download NinjaTrader 8 and want to learn how to get set up with real-time futures data, let us know: firstname.lastname@example.org
Next eight-week, Aug. 4, our all-inclusive Mentorship class begins. Get everything, learn everything, be an independent trader and work toward your goal of leaving the day job behind.
This video covers a way to synchronize your settings among multiple charts, SuperDOMs, and other NinjaTrader windows within your workspace. Indeed, NinjaTrader 8 has a linking feature that lets you synchronize the interval (e.g. chart time frame), instrument (e.g. a market such as ES 09-20), or both.
Why would you want to use linking? There are many reasons. Basically, you can switch multiple charts, etc. to a particular instrument or interval in one fell swoop.
Here’s one example. Let’s say you trade the E-mini S&P 500 (ES) but you occasionally like to look at the Euro (6E). Let’s say you have three charts that are all set up for the E-mini S&P 500: a 1-Minute chart, a 5-Minute chart, and a 2-Range chart. Since you are satisfied with those three chart time frames (intervals) but want to change the instrument (aka market), you can use the same instrument link color for all three charts. That way, when you switch one of the charts to the 6E or any other instrument, all of the other charts will “follow along” and switch to the new instrument as well.
Where is the link feature? Look at the top-right of a chart window. You’ll see two small gray squares. The square on the right is for instrument linking. The square on the left is for interval linking.
Note that some NinjaTrader windows such as the SuperDOM only offer instrument linking. That’s because a SuperDOM does not “care” about the interval; its purpose is to place orders and manage trades for the selected instrument.
Before using linking, you should think about your goals and how they fit into the concept of linking:
Consider what you want to always remain the same across multiple charts: instrument, interval, or both?
Regarding the specs/configuration for this particular workspace:
Monitor: 2560×1440 (1440p, 16:9 ratio, WQHD)
(2) 5-Minute Charts (Atlas Line, ATO 2, ATR, and Bar Timer) on top
(4) 1-Minute Charts (Trade Scalper, ATR, and Bar Timer) on bottom-left
(2) SuperDOMs (set to instruments expected to trade) on bottom-right
After setting up everything the way you want, remember to save your workspace and chart templates!
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.
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.
Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones' financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described herein. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Trade Results Disclosure: All trades presented are NOT TRADED IN A LIVE ACCOUNT and should be considered hypothetical.
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