Tag: day trading tips

ABC Software for E-mini Plots Entries

As you may have seen from our previous videos, the free ABC Method for the ES market splits the day into three parts. For each part, your entry will be two consecutive closes that break out of the previous section. The A part of the day (morning) is usually the most volatile. Part B (2.5 hours from the start of Part A) is a leading indicator to determine if the day will trend through Part C. The same entry rules exist for parts B and C. By watching the video on the videos page, you can learn to manually plot...

Top 10 Rules for Beginner Traders

1. Have an entry and exit plan Knowing when to get in, when to get out, and what to do if the trade fails is extremely important.  In other words, have an entry strategy, profit target and stop loss. 2. Avoid the first 15 minutes when a market opens This period of time is usually highly volatile – automated systems, premarket trades and unfounded trades produce choppy price action.  You are better off waiting until it levels out and using the ATO (At the Open) Strategy taught in the Mentorship Program. 3. Understand market orders vs. limit orders Market orders...

Learn to Trade with Yo-Yo Bars

In this webinar presentation, see why it’s better to trade with a clean chart and reliable strategies. The Atlas Line is software that provides entry signals for your charting platform (NinjaTrader, TradeStation or eSignal). The plotted line provides an indication of where you should be trading; either long or short. With the three stop strategies, you can reduce risk by trading with a complete plan. Take a look at the ES, NG and GC charts in the video. At about 23 minutes in, John Paul teaches Yo-Yo Bars. Yo-yo bars are candles that “try” to go higher or lower but...

Summer is Almost Over – Traders Get Ready!

I look forward to summer every year.  June, July and August bring sun, fun, bikinis, and oh, that’s right – let’s not forget slow moving markets!  Every year, the same thing occurs.  From January through May, the markets move normally as expected.  The following three months of summer bring the slow inactivity every trader complains about.  This uneventful market action is to be expected.  This lack of movement is indicative of a method that I use on a daily basis – the ABC Pattern.  If you haven’t yet watched the video on how to trade the ABC Pattern, now is...

7 Tips for Trading During the Holidays

Day trading the E-Mini, futures and currencies at the end of the year can be tricky for a number of reasons. The follow tips will keep you on track trading the E-Mini or your favorite commodity or currency. 1. Traders who act as the underlying force behind the big moves are on vacation. Therefore, the remaining traders fight like mice pulling cheese, causing the market to move erratically. This erraticism is further influenced by press releases, quarterly earning statements and expectations. 2. Expect half days and days before holidays to also behave erratically or hardly move. Here’s a list of...