John Paul conducted a live public webinar today where he shared his charts with other traders. The main topic of this webinar was trade management. Trade management includes everything from order placement, to monitoring the market while you’re in a trade, to getting out at either a profit or loss.
For your convenience, here is a list of what was discussed along with the times:
- 5:00 – using the ATR to gauge market tradability and use for targets and stops
- 7:30 – buyers, sellers, electronic market info, moving orders, and limit orders
- 11:00 – pitfalls of morning market activity when the bell rings
- 12:50 – more details on limit orders
- 15:30 – MIT orders: what they are and how to place them
- 21:00 – interpreting NinjaTrader’s Time and Sales window
- 22:30 – what to do when your target doesn’t get hit
- 24:30 – how to protect yourself using ATM Strategies
- 26:40 – front-running trades for better fills
- 28:30 – today’s Atlas Line signals and how it works
- 37:00 – how to use our free news event software and trading news events
- 41:20 – today’s Trade Scalper signals
- 46:00 – overbought and oversold conditions
- 48:00 – best practices for getting out of positions / closing trades
- 50:40 – a look at today’s ATO 2 signals and how the software works
If you want to get all of our courses and software in one complete package, take a look at our Mentorship Program. If you want to start off with just one strategy (like the Trade Scalper, ATO 2, or Atlas Line), head on over to our courses page.
If you’re using NinjaTrader, you will need to know how to place trades. This video is a quick guide that will teach you how to use NinjaTrader 8’s SuperDOM. Think of the SuperDOM as a remote control that is used to place your trades and interact with the market.
Our next Group Mentorship class begins Oct. 10, 2017. All courses and software are included with lifetime licenses. Click here to enroll today and receive the first week’s course and software (ATO 2).
The E-mini reached all-time highs recently. If you’ve been following our videos, you probably saw how John Paul predicted a year-long bullish trend back in January of this year. Again, the January Effect is proving accurate. This video is a recap of the activity.
To begin, take a look at the Friday, Sep. 29 Atlas Line signals. A number of good signals were provided. The Atlas Line is great for 5-min charts, but it is not meant to be used for daily charts. Daily charts are what you use to see the January Effect in play. Here’s how the January Effect works: if price closed higher at the end of January as compared to the price early in the month, expect a bullish (upward trending) year. Of course, no trading strategy is 100% accurate, so expect some exceptions for some years. Even if the January Effect is applicable (and some years it isn’t), you will still find prolonged periods where price falls. That can be dangerous, but the great part about trading futures is that you can potentially make money by shorting the market.
When price drops, that’s your opportunity to start looking for an entry point. Using the January Effect, you have an expectation the market will eventually retrace. When it begins to retrace, you can place a trade and ride the market up, hopefully making profit. How do you know when the market is ready to go long? Look for a retracement (upward movement after a downward period) of 5 days or more. Use NinjaTrader’s Fibonacci tool. You can customize the tool to show you halfway (50%) between two points (a high and low). Enter in a few points after teh 50% level. Wait until the market moves through the 50% with momentum. That’s where you place the trade.
Keep watching the video for more trading tips and clarification. If you want to learn everything John Paul has to teach you, we have a new Group Mentorship class that begins Oct. 10. You get all of our courses and software at a reduced price. It’s a great deal. Click here to learn more or call us at 1-888-607-0008.
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.
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