A professional day trader offers his opinion on where the global economy is headed, particularly the Eurozone Rescue Plan effects (or lack thereof). Many regard his views as pessimistic, as he believes another recession is underway, partially led by fear-driven markets and the heavy-handed financial players (Goldman, JP Morgan, etc.). His views take many non-traders by surprise – he speaks rather candidly compared to the canned responses seen on most mainstream media outfits.
There has been some discussion on various forums that criticize this trader’s integrity – is he perhaps trying to sway the market in his favor by injecting his own opinion? He doesn’t appear to be selling and products or courses outright. His input is simply a drop in the ocean.
If the Eurozone collapses, money may be be transferred / infused into the U.S. economy, possibly giving rise to the U.S. Dollar. He may be right that governments do not rule the financial world, private financial institutions are in control. As a trader, you should ready to trade what makes money, up or down, (markets) without bias.
What do you think about his take on the immorality of trading?
Last week, UBS (Switzerland’s largets bank) announced that an individual, “rogue trader” caused an estimates loss of $2 billion for the bank due to an unauthorized trade. The accused trader, Kewku Adoboli, was arrested on charges of alleged fraud (although UBS did not initially confirm the suspect). UBS expects to recover the loss by cutting 3,500 jobs within the next two years. Today, a Forbes article says the use of the phrase “rogue trader” is mere spin, used for UBS to create distance with the Adoboli’s fraudulent activities.
The following questions remain unanswered and are perhaps best left for personal judgement:
Should there be a formal inquiry into the trading matters of a private institution?
Do you think a single trader should be capable of bringing a company potentially to its knees?
Was UBS just in deciding to cut jobs for thousands of workers?
Was Adoboli secretly acting for the benefit of a hidden party?
How did Adoboli have access to even place these “unauthorized” trades?
What do you think will be the outcome of this case?
Frank D. of Indiana recently switched from trading long-term stocks and options trading to short-term futures. This switch was the result of a losing short position in the Yen that was contradicted when price skyrocketed due to Japan’s seismic activity in March.
While searching for a new way to trade, Frank came across other day tradings systems and found them to be too convoluted. Frank describes these non-DTTW systems as “an interpretation mess.” He was pleased to see our courses are based on simple price action techniques, using quick analysis without indicators or cluttered charts.
Frank purchased our scalping courses and found success paper trading a week, then moving to live trading with a daily average of $200 using a single contract. Frank also purchased the Atlas Line and has been paper testing the system in recent days. His experience with the Atlas Line has also been very positive.
The best way to go about Scalping is to have both price action methods in your repertoire. The Scalping Mastery Combo Package includes both techniques, the Price Action Scalping Course for the E-Mini and the Trade Scalper (for the E-Mini and other markets). You can find out about our current course offerings the the trading courses page. As always, these techniques are included/taught in the Private Mentorship Program.
If you missed the live trading webinar with John Paul, there is good news and bad news. The good news is that the webinar was recorded and you can watch it below.
The bad news is that you missed the 2 trades he took using the Atlas Line live during the webinar. The room was booked to capacity and there will be a next time, we promise.
If you have questions or would like to sign up for the any of the price action courses, or need mentorship/coaching details please visit the home page www.daytradetowin.com.
Today’s first Atlas Line trade was Long Pullback with a target of 2.75 points (11 ticks). We entered at 1181.50. After a short time lapse, we were filled at our exact profit target of 1184.25. Yesterday (September 6, 2011), was another great day on the ES (E-Mini S&P futures). Atlas Line users saw several long signals prior to a long, bullish trend that consumed most of the day. This trend allowed for numerous Strength and Pullback trades. If you took advantage of each setup, you probably made an easy 10 points. Determining where to place profit targets, stops, identifying setups, and other tricks of the trade are taught in the live training session that’s included with purchase.
This Friday, we’re having a free webinar where you can come ask questions and observe the Atlas Line plot in real-time. When: Friday, September 9 at 10:00 a.m. US/Eastern. Room Link:http://www.omnovia.com/event/66711315413014
That handsome man in the video above is Oscar G. from Portland, OR. You may remember him from a testimonial he did back in July, 2010. Oscar was the first to participate in the Day Trade to Win Private Mentorship Program. In his most recent video, Oscar describes his trading experiences since that time. Oscar is a successful full-time income trader, crediting his success to the support and price action products of Day Trade to Win. He says his most successful month brought in $41,000 due to his Mentorship education with John Paul. If you’re interested in receiving the same education as Oscar, contact John Paul by completing the form on the Private Mentorship Page or call us at 888-607-0008.
Part 1: Making Profit from the Jobless Claims Report
The jobless economic report on August 25, 2011 caused a huge green candle around 9:15 a.m. The candle was the result of traders covering their short positions. Any Bloomberg red star news events are best avoided as the market can unpredictably move strongly. There’s really no correlation between “positive” news events driving price higher or “negative” news events drive price to new lows. To prove this, the jobless report said there were fewer jobs and then E-mini price went up. In the Mentorship Program, John has a couple strategies he teaches his students to create profit out of news event volatility. You can see how he makes the jobless report work in his favor by producing a 3.5 point winner. A twist of irony, eh?
Part 2: Missed Atlas Line Trade – Paying Attention is Key
We post a lot of futures trading videos showing John Paul’s perfect trades. While he’s successful to a very high degree, you can see how trades can slip away from even the best traders who are late to arrive at the party. Paying attention, placing your orders in advance / on-time is key. The Atlas Line produced the right signal on the E-Mini, but because John wasn’t paying attention, it resulted in a missed opportunity of around four points. See how this Short signal shows up at 1175. The trade then starts to run away and John’s limit order does not follow. His only option is to look for Atlas Line Strength Trades and Pullbacks. When trades don’t work in your favor, it’s best to just let them go. Another opportunity is on its way – learn from your mistakes and move on!
Part 3: Atlas Line Strength Trade
Soon after John missed the first Atlas Line trade, he noticed an Strength setup. Using the fact that price was below the Atlas Line, he went short according the the Strength Trade rules. You can see how it would be disadvantageous to chase after price. Hold those limit orders! He sets up a two point profit target with three stops in place. Target filled. That’s five points using the Atlas Line – not to count the other E-mini trading techniques that could have been used.
Finally, we’d like to congratulate William C. from Indian Head, MD for winning the free Mentorship drawing. He will be attending the eight weeks of training with included courses and software along with other enrolled students. If you’d like to enroll, complete the form on the Private Mentorship page and we’ll be in touch with the details. Coaching starts this Monday, August 29.
Many traders attended today’s webinar to gain an understanding of how the ABC Pattern can be used to determine the best times of the day to trade the E-mini and other markets. Traders also attended to see how the Atlas Line signaled trades in real-time. Traders called out the markets and asked questions while John Paul gave answers and shared his charts. Watch the video above to see what happened!
The ABC Method of trading works on all markets including futures, Forex even Spread-betting. Catch a trend early and Catch it correctly with proof. this recording is unedited and will be sure to help your trading.
Traders also have an opportunity to join the upcomming class starting August 29 2011 for 8 weeks. Learn day trading and learn futures trading with this complete emini education which includes the Atlas Line software and all day trading courses offered by John Paul. More information can be found on this day trading complete mentorship coaching program here.
E-mini Atlas Line Trading August 18, 19 and 22, 2011
The Atlas Line on the E-mini today had a short setup at 1136.5 on a bounce trade. Based on the current market conditions, two to three points were possible. Remember, when we trade based on price action, we only trade on what the market can produce. There were also Pullback trades. John Paul then scrolls through to Friday’s E-mini activity. The early Dbl Bar Short signals did not work in our favor, but the multiple long signals definitely made up for it. On Thursday, a signal Short signal was all we needed for the day. You can really get an idea of how accurate the Atlas Line is. This is an unfiltered, day-to-day recap.
E-mini Atlas Line Trading August 22, 2011
This video shows the rest of the day, continuing where we left of with the last video. John Paul places a live order on the short side based on an Atlas Line Strength setup. The trade was good for $1500. This Strength setup, along with the Pullback and other unique setups are taught in the webinar training session with purchase. John also goes over the three different types of stops and how they are used: Prove-It, Time-Based and Catastrophic.
Also, it’s worth mentioning that the Atlas Line is included with purchase of the eight week coaching program. The Atlas Line is used in combination with other price action methods to achieve a level of unparalleled price action understanding.
What a surprise today! Price tanked by a large margin similar to market behavior a couple of weeks ago. The Atlas Line® was spot on prior to this huge move down. If you knew to stay out of long trades and go short, you would have reaped the benefits. The Atlas Line produced a short signal at 1151.75. So how did this work out? At 1:50 in the video, you can see a perfect example of how going short was great, offering multiple Pullback trade opportunities. Later in the day (near market close), you can see an intersection. Remember that the day trading education class (at a reduced group rate) begin Monday, August 29. The Atlas Line works for other types of futures trading and currency trading for NinjaTrader, eSignal and TradeStation. Such wide support is possible because the Atlas Line is entirely based on price action.
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.