March 9, 2017 is the official rollover date for E-mini futures. On that date, you can switch to the ES 06-17 (June 2017) contract. As of this moment, most traders are still trading the March contract, which currently has over 6x the volume compared to the 06-17 contract. Of course, the volume will transfer to the 06-17 contract in the coming days. Some traders prefer to trade the contract with the greatest volume. Others prefer to switch on the exact roll date, no matter what. Click here for the CME page that shows the volume. On the roll date, expect a significant amount of volume to transfer over. After March 9, the next roll date is June 8, 2017.
As a reminder, here’s how to roll over your contracts with NinjaTrader 7. If you use NinjaTrader 8, click here. In NinjaTrader 7, begin by going to Tools > Instrument Manager
1. In the name box, type in the name of the instrument you wish to roll over (e.g. ES)
2. Click Search
3. A row should appear for the instrument you searched for. Click on the row so it becomes highlighted. If you’re doing this on or after Mar. 9, notice how NinjaTrader automatically knows the new contract to use. If you are rolling over early, you may need to select 06-17 from the Expiry list.
4. Click the button that has a black arrow that points to the left. Doing so will add the new contract period to the list of selectable instruments. If desired, you can select old contracts from the left list and then click the right black arrow button to remove them.
5. Once satisfied, click OK at the bottom.
Now, go to an existing chart or open a new chart. You should be able to select the new contract period.
This picture shows the steps from above:
Here’s a live webinar conducted and recorded by John Paul on March 1, 2017. Many traders wanted to see the signals that were generated during the morning. Skip to 45:50 to take a peak at the Atlas Line signal. Within a couple minutes, you can see the many good Trade Scalper trades. The signals that appear on his chart today are the same as the ones that would appear on your chart. To purchase either system, head on over to our courses page.
Topics discussed in this webinar:
• Candlesticks vs. other types of charts
• Trends – how common indicators fail to catch the big moves in time, trend lifespans
• News events – countries to look for, high vs. medium vs. low impact events, free news indicator and calendar, gauging market reaction, timing your entry, rules for finding entry (two consecutive candle rule)
• ABC – identifying trends, breaking the day into three sections, finding highs and lows of each, rules for placing an ABC trade
• Slow markets – how to identify them and avoiding choppy conditions
• Atlas Line – current live/daily signals (good long trade)
• Trade Scalper – current live/daily signals (multiple good long trades)
To get both the Trade Scalper and Atlas Line as well as all of our other courses and software in one complete package, join our next Group Mentorship class. The next eight-week training program begins March 14, 2017. Click here for details.
In case you missed today’s live webinar with John Paul, here is a replay. He shared live signals for multiple trading methods, including the Atlas Line. Many attendees were on hand and asked great questions. Other topics covered include the At the Open (ATO method), Trade Scalper, ATR, ABC strategy, importance of having accurate Windows time, the BarTimer, trailing stops, interpreting candle patterns, and much more.
Remember, this coming Monday, Feb. 20 is when the next Group Mentorship class begins. If you’ve tried courses or strategies from other people and it didn’t work out well, now is the time to change up your plans. Students always tell us that our methods are unlike anything they’ve used before. Mentorship is a great way to get all of our strategies in one shot, plus coaching along the way for everything. This way, it’s ensured that you understand everything and all your questions get answered. To enroll, simply email us at [email protected] and we’ll get you going! If you want more info, click here.
What about the January Effect for 2017? Switch over to a daily chart and you’ll see January 2017 closed slightly higher than it opened. Therefore, the strategy says price will likely close higher in December 2017 and move up throughout the year. That means you can look for additional trades, based on retracements. We’re talking retracements of four or more daily candles. The opportunity is to go long when the market begins to turn around and go higher. The Fibonacci tool can help, but not in the way you’d expect. This drawing tool can show you when the market retraces back 50%. That’s your entry point. You can use this strategy for other markets, not just the E-mini S&P.
At about 18:27, you can take a look at the Trade Scalper signals. Note that the full version plots lines and regions to further guide your trading. The signals that you see here are the entries, long and short. If the ATR is below two ticks, the market is not worth trading with this method. The Trade Scalper uses a 1-min chart. At 19:00, John Paul walks through the settings for the Atlas Line. Because this webinar was conducted at market open, you get to see the first Atlas Line signal of the day. For the current market conditions, the Catastrophic Stop is about 12 ticks. Based on the Atlas Line’s long signal, John Paul takes a real-time trade at around 21:00. The lower half of the SuperDOM allows you to define an ATM Strategy, which is simply a predefined profit target and stop loss value. It saves traders the trouble of having to manually specify these values for every trade. Remember the ATO (At the Open) strategy? Jump to 25:00 to see the ATO signal for this morning. The ATO is an opening range breakout strategy. It, too, generated a long signal. Stick around and see what happens to the Atlas Line trade that was placed earlier. Always stick to the rules!
To receive all of the methods shown in this webinar and much more, enroll in the next Group Mentorship class. The next all-inclusive class starts Feb. 20, 2017. Click here for details.
As a trader, do not expect overnight success. It’s important to take your time, as questions, talk with your broker, and understand the risks, rewards, and learn as much as possible.
It’s always good to check for news events before placing a trade. We have a free news indicator for NinjaTrader 7 and NinjaTrader 8 that shows upcoming news events on your chart. You can also use the Bloomberg Economic Calendar to check for red star events. If an event is about to occur, then you probably want to hold off until the volatility subsides.
The Atlas Line produced a long (buy) entry signal at 2289.75. According to the ATR (Average True Range), current market conditions allow for a profit target of seven ticks. If the target is not hit, John Paul exits the market within a certain amount of time. On a 5-min chart, this time-based stop is four candles or 20 minutes. The prove-it stop gets you out when price closes on the opposite side of the line. The catastrophic is always present – it’s about double the ATR as a safety net and to allow for normal market fluctuations. What happens if a trade does not go your way? A Strength Trade, Pullback, Bounce, or even another Double Bar entry can provide additional opportunities. This is all just the Atlas Line. Other strategies we teach help you filter Atlas Line trades and add to the amount of possibilities that appear when you look at a chart.
Interested in the Atlas Line? Get a lifetime license along with all of our other courses and software by enrolling in our Group Mentorship class. This next class begins Feb. 20, 2017. Eight weeks of coaching are provided. Click here to find out more.
For those who missed it, here’s the webinar from earlier today!
• Free trading tools that will help your trading
• Yo-Yo Setup
• Importance of using 5-min charts
• Understanding 5-min charts
• How to recognize trends
• How to use the ATR to adjust profit target and stop losses
• How to read the DOM
• The Trade Scalper software (signals from today)
• The Atlas Line software (signals from today)
• E-mini vs. the 6E Euro FX market
• January Effect for 2017
Get the full training – join the next eight-week Group Mentorship class. Class begins January 31. All courses and software are included. Click here for details.
Monday, January 16, 2017 is Martin Luther King Jr. Day, a federal holiday. The CME equity product markets (such as the E-mini S&P) will be close early on Jan. 16 at 1:00 p.m. will resume at 6:00 p.m. These times are US/Eastern (UTC-5, New York Time). Expect normal trading hours on days surrounding the holiday. The next trading holiday is President’s Day in mid-February.
Click here to see the official CME holiday hours. To display all of the closures, the CME is now using a new Excel format. Some traders may find this more difficult to read than the condensed PDF statements the CME once released. As always, you can comment here or send our support team an email to clarify your understanding.
With Mentorship, you’ll get a lifetime Atlas Line license along with a full NinjaTrader environment for practicing. All of our other courses and software are included, too (about 10 total strategies). Click here to find out more.
Here’s an E-mini trade from January 5, 2017 using the Atlas Line. There’s a Dbl Bar Short signal at 2264. This is telling you to sell the market and the price you hope to get in at. This type of signal always appears when two bars plot below the Atlas Line. If there were two consecutive bars above, a Dbl Bar Long signal would have appeared. When John Paul placed his live trade, he got in a tick above at 2264.25. This value is indicated on the DOM in a gold / light brown color. The profit target and stop loss need to be relative to current market conditions. That means every trade’s profit target and stop should be reasonably reachable. A very small stop loss should be avoided because it’s easy to get stopped out during normal fluctuations while waiting for the profit target to get hit. Generally, think of using a larger profit target when the market is faster and a smaller one during slower activity. For this trade, real-time market conditions dictated the the profit target to be 2263. By calculating the difference between the entry and the profit target, if the profit target is hit, the trade is worth 1.25 points. In the E-mini, remember that each point is worth $50 and each tick is worth $12.5. So if you’re trading one contract, at profit this trade would be worth $62.5. That doesn’t seem like much, but that’s a good amount considering the Atlas Line can produce multiple opportunities every date and the longest you’ll be in a trade is 20 min. That said, broker commission fees and other possible trading fees may apply.
Here are two recent charts of Atlas Line trades. As you can see, for January 6, there were many opportunities even though the angle of the line was rather flat. These additional traders were Strength and Pullback trades. The exact rules for finding these trades and how to take them are covered during the live training. In short, they provide signals that continue in the overall direction of the Atlas Line. On Jan. 6, the candles were above the line, so the bias was long, hence the long Strengths and Pullbacks. This was one of those trending mornings that only starting to chop around 1:00 p.m. EST. This is why we often say the morning is the best time to trade. Like most of our strategies, the Atlas Line is meant to work on a 5-min chart.
On January 5, 2017, the Atlas Line provided decent Short signals despite the chop. All of the Pullback and Strength trades are on the short side because price was below the Atlas Line. The signals you see here are the exact same that you would see on your chart. After purchasing the Atlas Line, all you have to do is follow the simple licensing steps, then add the Atlas Line to your chart. If you live in a time zone other than US/Eastern, you can customize the MarketOpen time to when the E-mini opens in your local time zone. From there, the signals will automatically appear. It’s then up to you to trade them based on the rules you’re taught in the video and the live training.
Click here to find out more about the Atlas Line.
Here’s a recording of today’s webinar from January 3, 2017. In this hour-long presentation, John Paul (founder of DayTradeToWin.com) teaches how to understand the day as a whole using basic charts and price action. Free educational tips are offered as well as the Atlas Line and Trade Scalper plotting live. See below for the times at which these strategies are shown.
He estimates the market is choppy 75% of the time. Knowing if a trend is present is important when deciding to employ counter-trend trading, trailing a stop, support and resistance, and other techniques. If the day is in fact trending, you’ll need to trade differently to make the most of it. Market open time for the E-mini S&P is 9:30 a.m. EST. Although technically this is not the open time, this is the time when the market becomes active. The first 2.5 hours of the day from 9:30 a.m. to noon EST, is considered the Part A of the day. Using the ABC pattern, using the highs and lows of the A period, you can look for a breakout in Part B. Part B is simply the next 2.5 hours (noon to 2:30 p.m. EST). If there is a breakout, that does not mean it will continue. Follow the rules to look for two consecutive closing candles outside the range. This can be used as one of the factors to decide if it’s a trending day. Watch the video to see how to plot the A, B, and C sections through multiple recent days.
At about 21:45 in the video, take a look at the Atlas Line plotting live. There was a Long signal generated at 2249.75. The vertical alignment of the text signal is always aligned with the entry candle. The entry candle, in this instance, was two closes above the purple Atlas Line. This Long entry candle was at 9:55 a.m. There are multiple stop strategies that John Paul uses. The closer you enter in to the Atlas Line, the better. The prove-it stop is when the price closes below the Atlas Line. The time-based stop is four consecutive candles (about 20 min.). A catastrophic stop is meant to save you from unexpected, high volatility situations where price suddenly takes off. Click here for the Atlas Line
Around 36:50, take a look at the Trade Scalper software plotting live. This is the demonstration version, so it’s not as fully-featured as the version you’d get with purchase. For example, you won’t see any of the horizontal or vertical lines that help guide your trading. Each Trade Scalper signal appears as a Short or Dbl Wick short on the chart with an accompanying color triangle to indicate direction. The Trade Scalper is fully explained in the included course and accompanying live training. Click here for the Trade Scalper