Sifiso Reviews Atlas Line & Floor Traders Secrets Manual

Sifiso purchased the Atlas Line trading software after finding out about us through NinjaTrader. During the last two and half months, Sifiso tested the Atlas Line using a NinjaTrader demo (sim) account. He states “…my experience has been very very positive. There were few losses.” He also purchased the Floor Traders Secrets Manual (also called the X-5) and experienced similar successful results. Sifiso now uses the Atlas Line with a live account, looking forward to a confident career as a day trader.

This week, we’re offering $60 off the Trade Scalper Course by using the coupon code 60TRADESCALPER at checkout. Purchase also includes the Floor Traders Secrets Manual (also called the X-5 course). With the Trade Scalper, you can scalp futures, forex, currencies and financials at any time of the day using one minute charts and stops under six ticks. A recorded, free live training session is also included.

E-Mini Volatility Increasing by End of November?

Back in August of this year, you can probably recall the increase of volatility in the ES (E-Mini). This jump in market activity was caused by elected U.S. House and Senate members attempting to reach a debt consolidation compromise. With each side of the political spectrum preferring a different resolution, a deal was formulated in the 11th hour to manage the $1.2 trillion dollar debt reduction plan. On November 23, 2011, the debt ‘super-committee’ is to finalize this spending cut plan that is to go into effect January 15, 2012.

Considering the uncertainty of Greece and the Euro, there is a good chance the ES and other markets may become even more frenetic as November 23 approaches, depending on the action (or inaction) of the super-committee.

At Day Trade to Win, our primary method of determining a market’s ‘tradeability’ is the ATR (Average True Range) value. Using the ATR of the last four bars provides a real-time look at current market conditions. During the deliberation of the compromise (and for some time after), markets reacted with the ATR (Average True Range) hitting 9 or 10 points regularly. By comparison, for several consecutive months prior to the congressional negotiations, E-Mini traders experienced a relatively lackluster year with the ATR remaining under two points consistently.

As a rule of thumb, the E-Mini natural ATR range on a five-minute chart is between two and three points. Activity above three points is considered to be moving at a good clip, however, at five points or above, expect chaotic volatile action. It is always best to stay out of chaos. Any time the ATR is below one point, consider the market dead and not worth trading.

While a reasonable amount of volatility improves the trading experience (preferably two to four points), such high volatility makes for difficult trading. For example, a volatile day can be just as choppy as a less active day, with no clear direction (trend). When the market swings widely back in forth in such short periods of time, stops (and profits) are hit in a wild manner. Since we are retail traders (not robots), we must have time to gauge price action then act accordingly.

Let us know what you think…

Are these last-minute dealings of the super-committee meant to affect markets in the same way additional ticket sales are a result of stretched final game series in sporting events?

Is there a reason for the possible upcoming volatility other than ‘uncertainty’ such as political jockeying?

Will standard, market-influencing reports such as those dealing with employment and real estate have less of an impact than normal due to the breath-holding surrounding the November 23 deadline?

Are any E-Mini traders planning to buy the ES now and hold for several months in hopes for a sizeable, early 2012 profit?

NinjaTrader Chart Basics Part 1


Figuring out how navigate NinjaTrader charts can be tricky at first.
This guide takes you step by step over some of the most commonly used functions.

How do I open a chart?

  1. Go to NinjaTrader’s Control Center > File > New > Chart
  2. On the Data Series, select the market symbol (also called an instrument) for the chart you wish to open by double clicking your selection in the left pane.
  3. Make sure the symbol is using a contract month that has not yet expired (if not, you will have to add the new contract term through Control Center > Tools > Instrument Manager.
  4. At this point, you may configure additional chart parameters in the right pane.
  5. Click OK and a chart will load.

How do I set up a tick chart?

  1. Continue from the last instruction block.
  2. With a symbol selected in the lower left pane, click the Type setting and select Tick.
  3. Additionally, you will probably want to specify a value other than 150 ticks (the default).
  4. For volatile markets, the lower the value, the quicker (and more detailed) price will plot.
  5. By a comparitive example, a higher tick value of 2500 will wait for each bar to plot 2500 ticks before drawing the next bar (thus taking longer and allowing for easier trading / analysis)
  6. Experiment with the Value setting to find what works best with the markets you trade. Our scalping courses directly specify the best settings to use.

How do I get back to the Data Series window to make adjustments after I open a chart?

  1. Right click the chart (and open space that is not an indicator / drawing tool), and select Data Series.
    After reconfiguring, the chart will reload with the new settings.

How do I get rid of all these entries, stops and profits? They’re cluttering up my chart!

  1. Go to the Data Series window, scroll to the bottom of the right pane and under Plot executions, select DoNotPlot.

How can I quickly toggle between a chart’s time frames?

  1. In the upper left corner of the chart, second button from the left, time duration values are shown as a drop-down list.
    Note that for non-time based charts (Tick, Volume, Range, etc.), you will have to manually configure settings through the Data Series window.

When I load a chart, I can see that price is moving but the candles are nowhere in sight!

  1. In the upper right corner of the chart, you should see the letter F in a box (we call this the focus button).
  2. Click this button and the chart will automatically move into position at the current price.
    When scrolling through history, the focus button will keep you from having to reposition the axis, as the chart is automatically adjusted.

How do I manually scroll the X or Y axis? There was a large trending day and I want the candle size to remain constant when I look at the history.

  1. Easy enough – hold down the Ctrl key and drag (with the mouse) over the X value labels (time) and the y value labels (price).
    Make sure the mouse is covering these labels while dragging or the chart will just become crunched.

Frank Reviews Our Coaching Program (Private Mentorship)

>> Sign up for the Next Group Mentorship Program <<

After purchasing the Atlas Line and a couple other courses, Frank decided to take his understanding of the markets one step further by joining the eight week Private Mentorship Program. In this video testimonial, Frank gives his results and opinion of the course material thus far. He’s currently midway through the education, and has learned many E-Mini trading techniques that have produced consistent results. In fact, he’s averaging four points a day and is done trading by 9:30 a.m. (he starts early in the morning).

You can join a new eight week semester of Private Mentorship that begins Monday, Nov. 7. Classes are held twice a week. All Day Trade to Win courses and software are included and discussed in greater detail along with many other techniques you can only learn through Mentorship. In addition, each training session is recorded so you always have a video reference.

MF Global Bankruptcy – A Concern for Day Traders?

As of midnight on Monday, MF Global, a brokerage firm, was about to be acquired by Interactive Brokers due to MF’s irrecoverable position. The deal fell through and MF Global has filed for bankruptcy. More surprisingly, at the final hours of the original deal’s negotiation, MF Global disclosed that approximately $700 million dollars in customer money is missing. In many cases, the announcement of missing money during acquisition talks is considered normal; however, the amount in question is much higher than expected. As the investigation is still underway, additional money is expected to trickle in to reduce the unaccounted for $700 million. MF Global believes that this money is “stuck in the system,” existing in banks.

Leading to MF Global’s downfall, the company had purchased large debt holdings from Eurozone countries with the expectation of quick profit through crisis resolution. Upon the revelation of such filings, MF Global was pressured to put up more money to support its trading positions, thereby destabilizing the company’s remaining cash.

Another contributor to the demise of MF Global was a downgrade to “junk status” (as determined by two rating agencies) after its loss of more than 67% of market value. MF Global, facing investor desertion and raised borrowing costs, could not stay afloat.

With the company devalued, a pending investigation and banks refusing to do business, MF Global’s only option was bankruptcy.

As a side note, brokerage firms, as regulated by the government, are not allowed to use customer funds for any purpose other than facilitating the direct buy and sell of derivatives between a buyer and a seller. Brokerage firm capital must be kept separate from customer money. In the case of E-Mini trading, for example, brokers require regulation that prevents the selling of courses, automated systems, etc.

What do you think?

Was MF Global gambling too much with the company’s assets instead of considering the finances of its customers?

Should brokerages be required to submit regulatory filings more frequently? Would this increase transparency?

Do you expect MF Global or its agents to be accused of a financial crime?

If anyone has used MF Global, what was your experience like with their services?

How does this impact you as a futures day trader?

How to Use Market Replay with NinjaTrader 7

Why should you use NinjaTrader’s Market Replay?

  • To practice placing trade in simulated, real-time conditions
  • To back-testing a strategy to see its effectiveness when trading live
  • To bypass the need for a live data feed (although live trading with a free demo account is always recommended)
  • Few other day trading platforms offer such a feature
  • When your schedule doesn’t allow for real-time paper trading, this is the next best thing.
  • Don’t wait until tomorrow to practice under live trading conditions!

With NinjaTrader 7, it’s possible to replay market activity for nearly any given day. After downloading a given day’s replay data, NinjaTrader uses the data (either minute or tick) to plot price at the exact values at the exact time as recorded. More specifically, you can see price plot on your charts and DOMs as though the day (or night) is unfolding in real-time. Orders can be place and success can be tracked using the Replay101 account (similar to Sim101 account). Replay101 is NinjaTrader’s designated Market Replay account. Unlike previous versions of NinjaTrader that require the user to record the data locally for replay, NinjaTrader 7 lets users download history for free on a per request basis.

Here’s how to use Market Replay:

1. If you are currently connected to a data feed, disconnect from it.

2. Download the latest Replay Data through NinjaTrader’s Control Center:

File > Utilities > Download Replay Data
Choose the market you want data for
Choose the date you want data for
Check both L1 and L2 boxes
Click OK

3. In the bottom right corner of the Control Center, you will see that the Replay Data is downloading. This will take a few minutes. Before continuing to the next step, please wait until the downloading status disappears.

4. Go to File > Connect > Click Market Replay Connection. Open a chart and a DOM if you don’t have them available. Make sure that the replay connection is selected in the chart and DOM. You should also see the Replay player. With this tool, you can pause market activity, fast forward and play. Drag the slider to advance to a specified time frame.

5. Trade like you’re using a real account.

Keep in mind, the data on the DOM won’t contain every increment / decrement in the Buy and Sell columns as experienced during the day’s live trading. The packaged history is optimized in terms of file size and useability.

If you run into problems missing historical data in Market Replay mode, you may both download and view the historical data that you have saved on your local computer by going to the NinjaTrader Control Center > Tools > Historical Data Manager > Edit tab. As long as you have data for the days you are requesting in the Edit tab, then you will see that data when you are using the Market Replay.

Over 15 Points Possible Using Atlas Line the Last 3 Days on E-Mini

In this video, John Paul recounts the performance of the Atlas Line trading tool for the last three days. At least 15 points of profit were possible in total for the last three days based on the trades the Atlas Line pointed out. The Atlas Line automatically tells you when and how to enter the market. These signals appear on the chart as Long or Short signals exactly at the price you should enter, prior to the big moves. In addition, the line plotted on the chart serves to provide confirmation – stick with Short trades if price is currently plotting below the Atlas Line. Go with Long trades if price is above the Atlas Line. The signals the Atlas Line generates are the same for all users across all supported platforms (NinjaTrader, TradeStation and eSignal).

Free live training is included with purchase. In the live training, you will learn several unique trade setups that can only be identified when using the system. These are the Bounce, Pullback and Strength trades. John Paul conducts each training session personally, so you are able to ask questions and receive answers directly from the expert.

Visit the Atlas Line page to purchase or attend a webinar.

High Frequency Trading – Economic Effects

High Frequency TradingMark Cuban, owner of the Dallas Mavericks, Landmark Theaters and Magnolia Pictures, recently wrote an editorial regarding the OWS (Occupy Wall Street) movement. As someone who is “part of the 1%,” it may come as a surprise that Mark is in favor of the movement. His reasons are stated in the Business Insider article.

Whether you’re for, against or neutral on the OWS movement, Mark’s high frequency / black box trading comments are interesting. In part four of the editorial, he states the following:

“In a world of High Frequency Trading and black box trading that does nothing but create a platform for ‘financial hackers’ to turn the market into their own proprietary financial playground, we need to figure out a way to revert the Stock and Bond Markets, and the derivative instruments created from these equities, back to their original purpose, a place to raise capital for growing business. Instead, today it’s a platform for financial engineers and hackers looking to exploit every and any opportunity. When 60% or more of trades are from High Frequency/Algorithmic traders and the correlation for every market index rushes past .7, the market is no longer a market, it’s a platform.

The simplest way to change this is to place a very simple per share tax on every transaction. 10 cents a trade. Every share. Every option. Every Bond. Every currency transaction. Every trade.

The obvious response is that trading volume will plummet. So what? Let it. The next response is that traders will merely move their trades to foreign exchanges. Yes they will. Will transaction costs go up? Duh.. that is the point. The market thrived when spreads and transaction costs were much higher just a few short years ago. It will survive now.

More importantly, it might just put the market back to the basics of what the stock and bond markets are supposed to be, a means of raising capital to support corporate growth. There used to be a time when Investment Bank Partnerships made their money scouting out small companies in need of capital and matching them with investors. They weren’t as big as they are now, but they managed to create quite a few growth industries. Something we could use some of today. Making the stock market a launching pad for companies will have far greater value and impact employment far greater than making sure High Frequency Traders can get their trades in.”

Day Trade to Win is obviously not a high frequency system, nor do the methods we teach dabble in producing an excessive amount of trades using hundreds of thousands of dollars in contracts. Our traders are considered “retail” – observing market conditions and manually take trades at their own pace using a strategy they feel works best under current market conditions. Many of our traders make a living at home, without a degree in finance, astrophysics or software engineering. In addition, DTTW-style trades are placed using publically available platforms such as NinjaTrader or TradeStation. These trades are placed from locations throughout the world by humans; not by advanced AI software running in a 40 degree room a block away from the CME.

Should there be an additional government tax on every trade placed such as Mark’s proposed 10 cents a trade?

Is high frequency trading ruining the economy?

What would day trading be like, as a retail trader, without market movement caused by high frequency trading?

Does day trading (stocks, options, futures, etc.) offer any value to business, the economy or humanity as a whole?

Let us know what you think.

Two Point Profit During Today’s Atlas Line Lesson

We stand by our products. If we see a setup occurring (and know there’s a good chance to make money), we take the trade! This occurs during live training sessions, as seen in today’s webinar for first-time Atlas Line customers.

This trade occurred as a result of the Atlas Line Dbl Bar Short signal 1213.75, reaching our profit target at 1211.75. In case you don’t know what this means, the Atlas Line tells you to go either Short or Long at a specific price. Advanced warning lets you place your order in time to make profit. The types of stops and where to place profit targets are covered in the included live training.

You might not be aware that when you purchase a Day Trade to Win trading course, a free live lesson is included. Day trading coach John Paul teaches each session personally, to make sure you fully understand how to use the software and/or understand the course, whether you’re trading the E-mini, currencies or other markets.

Today’s Atlas Line and Power Price Action Webinar

We had over 100 people attend today’s Power Price Action webinar. John Paul shared his charts (ES, 6E, CL, GC, etc.) allowing attendees to see the Atlas Line call trades in real-time. In addition, John spotted a few ATO and Power Price Action setups, each indicating great profit potential for otherwise ‘difficult to trade’ market conditions.

Here’s a 5% off coupon code for all products, incl. Private Mentorship:

The Atlas Line has two affordable payment options:
6-Month License for $599
Lifetime License for $1800

The Trade Scalper is another great option (plus bonus Floor Traders Secrets Course)
Lifetime License for $599

ATO (At the Open) Course
One Payment of $595

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.