Here’s a short and sweet video reviewing the Atlas Line signals for today, Nov. 21, 2019. Everyone using the Atlas Line today with the E-mini S&P 500 market received the same signals. This is true regardless of the type of Atlas Line license you have: 6-Month or Lifetime. The first Atlas Line trade was worth around +2.5 points, however, if you did not get out at profit, the time-based stop should have gotten you out at break-even.
The second trade is a short with a 3.5 profit target. That’s where the MIT (Market If Touched) order is placed. According to the rules, the largest risk here (catastrophic stop) is around 5 points. Price has to touch or go through the profit target. The market works on a first-come, first-served basis.
When considering your profits or lack thereof, remember to include broker fees (commissions) in your calculations. You can use NinjaTrader’s Trade Performance feature (accessible via NinjaTrader Control Center > New > Trade Performance) to generate a performance report. In the Trade Performance window, specify “from” and “to” dates and click Generate. This is a great way to keep track of both live and simulated trading results.
Want to learn all of our methods in eight short weeks? Skip ahead on the learning curve by enrolling in our eight-week Group Mentorship Program. The next class begins Dec. 3, 2019. It’s the most cost-effective way to learn everything in a short period. Some special techniques such as the Roadmap are only taught during Mentorship.
Here we are, the busiest time of year for most of us. That said, it’s important to take note of holiday trading hours. The hours the markets are open and closed are not always common sense, so here’s a consolidated listing of what to expect. All times are in the US/Eastern, ET/EST, GMT/UTC-5 time zone. Activity is based on equity product information from the CME Group Holiday Calendar (https://www.cmegroup.com/tools-information/holiday-calendar.html). Note that grain and other food-related markets may have different hours. As reflected below, we’re mainly concerned with CME Group equity products/markets, such as the E-mini S&P 500.
Thanksgiving Day is Nov. 28, 2019. Thanksgiving Day, trading halts at 1:00 p.m. and resumes at 6:00 p.m. ET. The following day (Black Friday, Nov. 29, 2019), the market closes early at 1:15 p.m. ET.
Christmas Day is Dec. 25, 2019. Christmas Eve is, of course, the day before, Dec. 24, 2019. On Christmas Eve, the market closes early at 1:15 p.m. ET. The market remains closed until reopening at 6:00 p.m. ET Christmas Day.
New Year’s Eve is Dec. 31, 2019. New Year’s Day is, of course, the day after, Jan. 1, 2020. The market operates with normal hours on New Year’s Eve. On New Year’s Day, the market is closed until 6:00 p.m.. at which point, normal operation/hours resume.
Be mindful that trading around the holidays can be tricky. For example, the big players in the market may be absent, so look for periods of low volatility. Conversely, we will see consumer-related reports throughout the holiday shopping season. Such reports may cause sudden volatility.
Here’s a video from today, Wednesday, November 20, 2019. We add the Atlas Line and ATO 2 to a real-time chart. There’s an Atlas Line short signal at 3114.25. In this case, we want to get in at that price or better. Avoid chasing the market too far as that will hurt your profit potential. The profit target for this E-mini trade was 2.5 points (10 ticks). The reason? That’s what the ATR (with a period setting of 4) says we can expect based on current market conditions.
At around 2:05, you can see how price almost closed on the opposite side of the Atlas Line. If that occurred, we would be out at a loss, as we must follow the rules. Fortunately, soon after, price takes off towards the profit target. Time-based, prove-it, and catastrophic stop are three main stop strategies you can use with this software/method. If your profit target is not hit, you take whatever stop comes first. This can mean a smaller profit, breakeven, or a small loss all the way up to the catastrophic stop (approx. double the ATR value). The idea is that hopefully the profit target is hit more often than not along with the lesser stop losses. When trading, you should always use a stop loss as a safety net based on reasonable risk levels for your account, finances, and recent trading conditions.
At 5:25 in the video, an Atlas Line Long trade occurs; resulting from two consecutive candles closing above the Atlas Line (dashed white line in this case). Again, this trade is based on real-time ATR conditions (about 2.25 points for the profit target). By the way, by configuring an ATM Strategy, you can predefine profit target and stop loss values to save you time in the heat of the moment.
What did the market do today? Watch and see. In the video above, compare the Atlas Line and ATO 2 (on the same 5 Minute chart) and Trade Scalper (2 Range chart) side-by-side. There’s no Market Replay aka Playback Connection in use, here. This is a real-time trade based on signals that also occurred real-time. You’ll notice the trade being placed on the left chart (5-min) due to the price action Atlas Line signal. Overall, a number of great short signals appeared for both systems. Not all days will be so easy.
In this video, look out for answers to these trading questions:
How much is each tick worth in the market you’re trading?
What about forex? Is spread a factor?
What about broker commissions and the bottom line?
What financial markets are best to trade?
What happens if a signal appears when I’m already in a trade?
What about slippage that may occur for certain order types?
Take a look at all of our courses and software here. Also, email us at email@example.com if you have trading questions. We can help you get set up with NinjaTrader and a real-time data feed. Having a solid practice environment for paper trading is very important.
Does your indicator actually work for day trading? Here, we have a total of five trades that occurred in a couple of hours. We’ll go through each trade in real-time so you can see exactly what we did, trade-by-trade. We’re trading the E-mini S&P 500 using a 2 Range chart via the NinjaTrader platform.
With your purchase of the Trade Scalper, we teach you the full rules. This video is only an overview. We’ll explain much more after your purchase. The indicator makes it very easy to find the trades. You won’t need to manually find them yourself, though you can if you want (because we fully disclose the rules).
What do most pro traders have in common? Self-education. Yes, it’s possible to learn yourself via trial and error, but losing trades are awfully expensive. Wouldn’t it be smarter and more cost-effective to learn from someone who has already made mistakes and developed methods that have been tested over time? The Trade Scalper has been around for years.
Here’s a real testimonial we received today from a client: “Also, the Trade Scalper on 2-range has been killing it lately. I don’t know if the results are always this good, or if it depends on market conditions, but it might be my favorite strategy so far.” This student has been participating in our eight-week Mentorship Program and received the Trade Scalper as part of the ongoing education curriculum. Click here to learn about the next class.
Here’s a follow-up recap video for a 2019 swing trade and what to expect going forward. On the news, you often hear things like, “We’re at all-time highs. The market will soon crash.” While that may be true in some cases, let’s see what actually occurred. Back on Oct. 11, 2019, we did a webinar with many attendees. There was a long move suggested by John Paul based on a recent retracement. Many traders were interested in this trade. Once the market breaks the highs, there’s often a “pop” or “test.” Once two consecutive candles occur, that can be a good sign to look for a winning opportunity.
Rather than what pundits say, our mantra is “follow the price”. In contrast to what the media says, John Paul believes the market will continue higher. At about 3:00 in the video, listen to the trading idea that may put you in a good position for the coming holidays. We could be looking at another testing of the highs with continued bullish activity thereafter.
In a month or so, we’ll try to do a follow-up video for this video and see if the estimations were correct and provide reflection.
Have you been keeping up with all of our new trading videos? Here’s another day showing Atlas Line and ATO 2 signals on the E-mini S&P 500 (ES). Also, you’ll see the Trade Scalper operating on a “2 range” chart. Jumping right into the video, you’ll see John Paul is in a trade/position worth three points.
The earlier trade was a losing short trade. You can see how that unfolded in real-time where the future is unknown. We often consider later winning trades a form of recovery, though there is no guarantee they will occur. When you use the ATO 2 and the Trade Scalper, you will get more signals are more chances for recovery. That said, bad days can and will occur, so if you experience losses early, again, don’t assume you will always make up the difference later via “revenge trading.” Trading is about consistency over time and that’s the goal. To us, two losses often signal a time to analyze the current day and reconsider further trading.
At around 3:00, take a look at the Trade Scalper. John Paul was waiting for the next signal to occur across multiple systems. Compare our various trading systems to see what works best for you. If you want it all, consider our eight-week Group Mentorship Program that begins tomorrow, November 14, 2019.Reserve your seat while there’s still time!
Here’s a look at the Atlas Line and ATO 2 in a live trading environment. The first signal for the E-mini S&P 500 (ES) that appears is an Atlas Line Long signal at the close of the 9:55 a.m. candle when the price was at 3094.5. This is a long entry because it is the second close above the Atlas Line (the dashed diagonal line below the price candles).
You can see how the price is plotting in real-time, or “live” as we call it. We’re hoping the following candle or candles will exceed the profit target. The profit target is based on the ATR (Average True Range) using a Period value of 4. At the time this trade was placed, the ATR value was around 2 points, so that’s the profit target we used. In other words, we let current market conditions dictate the amount of profit we seek. A less volatile market equals lower profit potential, so we inversely account for this as well.
See the news indicator in the upper-left of the chart? That’s a free trading download we have on this website. It’s a good way to keep track of upcoming news events. Generally, you want to avoid big news events as they can create sudden volatility. By the way, if you enroll in our eight-week Mentorship Program, you can get the version that excludes the advertisement.
Keep watching the video because at 2:20, John Paul shares ATO 2 performance with a confirming Long signal.
In the video below, take a look at the recent Atlas Line and ATO 2 performance. John Paul applies the two price action indicators to a 5-min E-mini S&P 500 chart. He sees the signals for the first day for the day along with all of the other people attending the live webinar.
Right away, you can see the Atlas Line signal appears to be a winner. Price moved up after the Atlas Line’s Long signal was produced. We also had additional Strength trades confirming the anticipated market direction. Do you see the small “S” signals symbolizing the Strength trades? We use the ATR (Average True Range) to determine the profit target. In this case, the ATR was a little above two points (using a Period setting of 4). We round down the ATR, so the profit target there was 2 points. Did you know you can set the Atlas Line to produce trades based on various market open sessions? Yes, you can cause the signals to be based on the European open, for example. This is also possible for the ATO 2.
If you’re more interested in the ATO 2, jump to the 5:00 mark and review. Like the Atlas Line, the ATO 2 will produce signals soon after the market opens. However, the signals are based on entirely different principles. If you’ve watched some of our videos, you can see how both systems occasionally “agree” on the anticipated market direction. We believe using multiple systems to confirm trades is a great technique. Are you using just one trading system? See what we have to offer.The best way to get and learn everything we have is our eight-week Mentorship Program that begins Nov. 14, 2019. Register soon because we have students inquiring daily!
Whatever market you’re looking at: E-mini, NASDAQ, currencies, etc., each exhibits general patterns of activity throughout the day. You will notice there are periods of fast and slow activity that occur around similar times every day. In some cases, you can divide the day into three segments: A, B, and C. In the following video, you’ll learn how to recognize the ABC Method or ABC Pattern. When there’s a breakout after a segment, you can place a trade.
With the E-mini, you can divide the day into three segments beginning at 9:30 a.m. US/Eastern. We start at 9:30 a.m. because that is the traditional time the market is considered to open. From 9:30 a.m. to noon, that is segment A. From noon to 2:30 p.m., that is segment B. From 2:30 p.m. to 4 p.m., that is segment C. Note segment C is shorter in duration than the others. Look for two consecutive candles closing above or below each segment. That is the entry point.
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.
Trade/Training Room Disclosure: Presentations are for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account.
Testimonial Disclosure: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.