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 […]
How to Filter Out Overbought or Oversold Conditions
Ever see a candle suddenly plot that is much longer than the others? Of course you have – and a loss may have resulted. These candles often indicate the market is exhausted. After a candle of exhausion, you’ll probably see retracement or “confused” movement. As you can imagine, such market behavior pokes holes into many […]
Stop Losses, Profit Targets and Live Charts
Recorded last week, John Paul pulls up his charts, shows off the Atlas Line and provides valuable information to beginner traders. Here’s a list of the highlights: – 2:00 – Why most indicators will not be helpful to your trading – 6:00 – Three stop strategies we like to use – 23:00 – Best markets […]
Atlas Line Results – 4 Months Worth
The last time we calculated our Atlas Line monthly results was back in August 2012. Let’s take a look at September through December, 2012. Remember, past performance is not indicative of future results. There is substantial risk of loss in day trading. Data used is from the Recent Trades page. Calculations were performed manually – […]
Atlas Line Live Webinar from Dec. 21, 2012
Here is the long-awaited webinar presentation from last Friday (December 21, 2012). John Paul demonstrates the Atlas Line live across a variety of charts, explaining how this indicator can be used to identify trends. By knowing the direction of the market in advance, you can position trades long or short ahead of time. Entry prices […]
The January Effect – Was John Paul’s Crystal Ball Correct?
Back in January of 2012, John used the “January Effect” to predict where the major indices will be by the end of the year, either up or down compared to where they were at the start: “…the last day of trading in January 2012 closed higher as compared to the opening price on January 3, […]
How to Keep Your Time in Sync for Trading
We’ve posted before about how important it is to keep your Windows time in sync with official time servers. NinjaTrader references your computer’s clock (aka Windows time) to perform many of its calculations. Now we will show you how to keep your computer time clock accurate without any 3rd party software. At Day Trade to […]
CME Thanksgiving Trading Hours / NinjaTrader CL Fix
If you’ve been following our blog, hopefully you caught NInja Trader introduced this week. After you make this change, disconnect and reconnect to your data feed. This is a reminder of the CME Thanksgiving Holiday Schedule this week. Read the official CME statement here. For our non-U.S. friends, we celebrate Thanksgiving on Thursday, November 22. […]
CME Changes Hours – Update Your Charts
Significant news this week regarding for traders of the E-Mini S&P 500 (ES), YM (Mini-sized Dow), NQ (E-Mini NASDAQ-100) and EMD (E-Mini S&P MidCap 400) – as of Sunday, November 18, 2012 the close of the CME Globex for electronically traded equity index futures contracts will change from 4:15 p.m. US/Eastern to 5:15 p.m. US/Eastern. […]
NinjaTrader and Windows 8
Update: a NinjaTrader representative has confirmed with us that Windows 8 should be compatible with 3rd party software, such as our Atlas Line. Previous incompatibility issues may have been due to an earlier build of Windows 8. NinjaTrader has stated that when Windows 8 is officially supported, the NinjaTrader system requirements will mention Windows 8. […]
