Here’s the long awaited webinar recording from earlier this month where John Paul demonstrated the Atlas Line working LIVE on multiple markets:
The video starts of with emini trading and an explanation of the order signals generated by the Atlas Line. Similar price action is found in the Euro (6E), with a trade worth 16 ticks. The green line plotted on the bottom of the NinjaTrader chart is the ATR (Average True Range). The ATR is used as a precise reference to indicate how much profit can be made (your profit targets) and when a trade should be exited. The Atlas Line has configurable parameters. You can change the color of the line and toggle the visibility of the trade setups it recognizes (such as Bounce Trades). No optimization or advanced configuration is required. It’s true “set and forget” trading software. We usually recommend trading with 5-min charts, but other time frames can be used (the same order signals are given for 3-minute charts, as demonstrated). Also, the software works for overnight training. Other markets shown in the live webinar are the FDAX, Mini-Russell 2000 (TF), Crude Light (CL), and the Australian Dollar (6A). John takes questions from spectators so keep watching if your question is unanswered. You can also email [email protected] for more details or check out the Atlas Line page.
Alan, a trader of four years, started trading stocks, went to Forex and then futures all while experiencing marginal success. Ever since he started using the Atlas Line, his trading has vastly improved as well as his profit margins. He says the Atlas Line “is like a roadmap that keeps you going in the right direction.” After purchasing the Atlas Line and using its rules, he’s been able to make consistent profits. Alan trades oil contract futures (QM and CL markets) on a full-time, daily basis.
Sandy C. reviews our Private Mentorship Program, providing an honest evaluation of his experiences learning how to day trade.
Sandy C., Private Mentorship Student / Graduate:
“Now how do you become consistently profitable? I think any answer to that question can be put into two buckets. The first is to just jump in, start trading, and learn by trial and error. The second is to find someone who is consistently profitable, knows what he or she is doing and pay them to teach you their techniques. I can assure you that the trial and error way is more expensive – Mr. Market will get your money; no doubt about that….Everything he (John Paul) said it would be, he delivered on…I can recommend his Mentorship without qualification.”
3 Profitable E-Mini Trades Today – Monday June 13, 2011
1st Video = Power Price Action trade (taught in the Power Price Action course and Private Mentorship)
2nd Video = Atlas Line Pullback trade (taught to Atlas Line customers in the included webinar and Private Mentorship)
3rd Video = RoadMap trade (taught in the Private Mentorship program only)
Using the NinjaTrader platform, John shows us how to day trade using price action. In the Power Price Action day trading course, traders learn how to use price (no fibonaccis, oscillators, or any other type of indicator) to make consistent profits while avoiding whipsaws and unpredictable volatility. All three days show emini trading, but all three methods work for other types of futures and currency trading.
Around 3:00 p.m. EST, (about 1 hour, 15 minutes before market close), we identified a Power Price Action setup. Based on a set of proprietary rules, today’s emini trading setup was worth 2.5 points.
These setups occur just about every day, sometimes multiple times per day. Also, the setups can be applied to other futures, financials and currencies. This is one of the price action methods we teach that can be traded on Forex as well.
Day traders always want to know the types of stops John Paul uses when trading:
1. Catastrophic Stop
2. Time-Based Stop
3. “Prove It” Stop
…each of these setups is explained in the course, which includes a color workbook and eight weeks of live training. You can receive three free videos which will help you on the path to learn day trading at PowerPriceAction.com as well.
Here’s another Emini trading video using the Atlas Line. This NinjaTrader chart shows the Double Bar Long signal produced at 1283.75 by the Atlas Line. June 9’s price action trading was all handled by going long, as price was continuously above the Atlas Line. Since price did not dip below the line, we knew that going long was safe. Each slight drop in price presented an opportunity. These unique Pullback setups are taught to customers in the free webinar / day trading course that’s included with purchase of the Atlas Line software.
The Atlas Line called a great short trade on June 6, 2011 worth about 2.25 points, equivalent to $112.50 with a single contract or $1125 for those who trade with 10. Remember that each time you enter long or short, have a reason to do so. The Atlas Line provides a reason for how to day trade, and also provides an indication of the future direction of price. Once the short signal was generated, we knew to stay short because of the blue Line above the candles. An Atlas Line Pullback trade occurred around 10:30 a.m., with a red candle confirming price would drop again.
E-Mini S&P – Atlas Line Trading – June 6, 2011
Remember, we don’t post every time the Atlas Line has a winner – the software has really been on fire the last few months, even more than usual.
A private training webinar (like a mini day trading course) is included with purchase of the Atlas Line. You can learn how to use the software and identify these unique setups. Also, the Atlas Line works with every market: Emini trading, Euro, Russell, Dow, Forex, etc. and is available for NinjaTrader, eSignal and TradeStation.
For those of you who missed today’s webinar presentation with John Paul, here’s your chance to see how the Atlas Line performed. Watch the video and pick up a few price action strategies for trading the E-Mini (ES), Russell (TF), Euro Currency (6E) and Crude Oil (CL). The video contains a few setups that are usually taught only to Atlas Line customers, so it’s definitely worth watching. You can also see how to use NinjaTrader’s ATR feature to your advantage. Be sure to watch it in 720p so you can see everything on the charts clearly. Also, there’s a coupon code given away in the video for 10% off the Atlas Line.
What happened today? the market was asleep then BOOM! E-mini Trading is back or will it be short lived? No one knows, but one thing is for sure if a trader learns day trading correctly then regardless of which Futures Market traded, profits can be consistently made. The tools needed, well not much here when trading price action, but a good coach and trading mentor is key to cut down on costly mistakes that do and will occur. Today I’ve attached the Atlas Line to demonstrate how early in the day a price action tool caught the entire day’s move. Don’t expect every day to be like this, but they do happen and you should be there to catch them!
If you’re from the United States (like us), you’re probably aware that Monday is Memorial Day, a federal holiday. Considered the unofficial start of the spring / summer vacation season (while commemorating fallen military service personnel), Memorial Day is always the last Monday of May. Every year, millions of Americans look forward to this three-day weekend. The lucky ones are also able to take off Friday before (today). As traders, we are somewhat dependent upon these lucky individuals who are normally trading with big money, creating volatility in the markets.
Whenever you encounter a trading day before a major U.S. holiday (like today), you can expect to see relatively low volatility for Emini trading. For example, today’s price action trading was bound within a range. Traders collectively decided on the highs and lows of the day, making the same mistakes and assumptions. Days with better price action / volatility are not range-bound. Instead, they show more of a gradual slope in the rise and fall of price instead of the zig-zag choppiness and periods of flat price action. This same behavior occurs on all U.S. based markets, having a great affect on all of futures trading.
Using the Atlas Line®, it’s still possible to make money on days like today (ES – May 27, 2011)
In the chart above, we purposely removed all of the text pointing out the profitable Atlas Line trades so you can see the price action. You can see how the Atlas Line was right on the money calling out the Long Trades and the Short Trades despite the relatively “flat” trading that was offered. If you’re not using a trading tool like the Atlas Line or one of our day trading courses other price action trading systems, then it’s best not to trade on days like today.
If you’re still going to attempt to trade anyway, at least try to stick with the morning session. The morning has traditionally offered the most consistent movement. Some days are really cut out do be traded ONLY the morning session. We refer to these days has “half-day trading.” A day like today offers some good morning trades and no reason to stay in to subject yourself to losses later in the day. Take advantage of the markets and give yourself an early start to the holiday weekend!
How to set up your charts for optimal price action results
Common price patterns and how to use them
Why it’s never a good idea to use indicators
How to enter trades and fill orders more consistently
How to take advantage of mistakes other traders make (and their common trading behavior)
…And much more
While this webinar doesn’t show the unique methods taught in the full Power Price Action day trading course, there’s still a ton of valuable information. To learn day trading properly using the Power Price Action method, you can visit the Mentorship Program page (it’s included) or the Power Price Action website.
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.
GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH TRADING FUTURES CONTRACTS CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION SINCE ALL SPECULATIVE TRADING IS INHERENTLY RISKY AND SHOULD ONLY BE UNDERTAKEN BY INDIVIDUALS WITH ADEQUATE RISK CAPITAL.
ANY ADVISORY OR SIGNAL GENERATED BY DAY TRADE TO WIN IS PROVIDED FOR EDUCATIONAL PURPOSED ONLY. ANY TRADES PLACED UPON RELIANCE ON WWW.DAYTRADETOWIN.COM SYSTEMS ARE TAKEN AT YOUR OWN RISK FOR YOUR OWN ACCOUNT. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. WHILE THERE IS GREAT POTENTIAL FOR REWARD TRADING COMMODITY FUTURES, THERE IS ALSO SUBSTANTIAL RISK OF LOSS IN ALL TRADING. YOU MUST DECIDE YOUR OWN SUITABILITY TO TRADE OR NOT. FUTURES RESULTS CAN NEVER BE GUARANTEED. THIS IS NOT AN OFFER TO BUY OR SELL FUTURES OR COMMODITY INTERESTS.