in DayTradeToWin, Price action Trading |

Best Price Action Swing Trading Systems

Is there a best price action swing trading system? That’s going to depend on ever traders specific needs. Past performance does not indicate future success.

That said, when it comes to day trading methods, swing trading generally refers to taking trades and holding them for a longer duration than a typical “day trade.” Where a typical day trade may be over within a few minutes or a half-hour, a swing trade tends to span over a half-hour, sometimes several hours or even days. The NinjaTrader day trading platform provides easy access to many chart types. Switching among various time-based charts is a breeze. Perhaps the most difficult aspect of swing trading is finding a system that is going to work on various time frames, chart types, and produce reliable signals…

This is where the new Blueprint trading software from DayTradeToWin becomes useful. In this video, John Paul shares his charts. Swing trading allows one to focus on larger market moves. After all, a larger period of time occurs so each candle represents more price movement. This necessitates larger trades because with the Blueprint at least, you’re not looking to exit the trade in the midst of the first candle forming (during which you placed the trade). Rather, you’re following the rules of the Blueprint, so several candles must plot before it’s time to close out the trade—either with a profit target or stop loss.

Toward the end of the video, DayTradeToWin’s John Paul shares a daily chart. You’ll notice that the shaded regions and entry signals look the same. But on a daily chart, you will easily see months of activity at a time. Each day is represented by a candle/bar, so the idea is holding a position over multiple days. You may want to enlist the guiding aspects of the January Effect+ method that John Paul has discussed before. The Blueprint may be able to provide confirmation for those January Effect 50%+ retracement levels providing the January Effect indicates the year is an “up year.” Speaking of which, expect a video soon on that, as we approach the beginning of a new year, 2022.

By the way, the Blueprint comes with a reference guide and a training video, so you’ll be able to understand exactly what all those shaded regions indicate as well as what charts work best for certain conditions, how to place a trade relative to the signals, timing, profit targets, trade management, and more. Two bonuses are included as well: the ABC trading software and a “How to Trail a Stop” video.

New Blueprint Method From DayTradeToWin

John Paul of DayTradeToWin has been fond of the 5-Minute and 1-Minute chart types for a number of years. When the 5-Minute chart is too volatile, he often recommends using a 1-Minute chart, as this causes the profit target and stop loss values to decrease, as they are based on the ATR (Average True Range) But what happens when even the 1-Minute chart is too volatile? The next logical step-down for a time-based chart is a 30-Second chart. And that’s exactly what he’s using here with the brand new price action Blueprint trading software…

The Blueprint software draws shaded regions as well as short (sell) and long (buy) signals. The shaded regions represent areas where price has been range-bound. The underlying price action (behind the signals) correlates these areas with opportunities. When certain conditions are met, a signal appears. A red region does not always precede a short signal. Likewise a green region does not always precede a long signal. With the included training video and live training, you will learn how to maximize the potential of the method.

In this case, he is using only one contract. Remember, when trading the E-mini S&P 500, one point of profit equals $50 before any fees. Using a five-contract profit scenario, the $50 is multiplied by five and becomes $250 (again, before any fees). If you trade the Micro E-mini (MES), the values are 1/10th that of the regular E-mini. Thus, the Micro presents an opportunity to experience real-money trading with a lesser financial impact, positive or negative. This can be valuable for traders who need to overcome the pressures and other psychological aspects of having real money on the line.

When using a fast time frame such as 30 seconds, the trade can be done and over with rather quickly. Yes, you could consider this scalp trading. However, if you look at other Blueprint videos John Paul from DayTradeToWin has released, you will see the new Blueprint method is quite versatile; in fact, it can be used for swing trading via hourly or daily charts. In other words, you could hold a position for hours or days if your trading account supports such activity. You may also be impressed to find out the Blueprint works with volume, Renko, and range charts. Again, the included training describes when these other chart types may be preferable.

In Day Trading, What is a Profit Target and Stop Loss?

A profit target is the “profit goal” for a specific order or orders. A stop loss is the amount of acceptable loss or risk for a specific order or orders. Depending on a trader’s account and means of trading (i.e., day trading software), profit targets and stop losses are typically placed to maximize potential profit while minimizing potential risk. There are no guarantees a trade will reach either the profit target or stop loss. A given market/instrument may approach the profit target, yet turn “on a dime” and reverse in the other direction to meet the stop loss. Thusly, the transaction is over and the order/trade results in a loss. Likewise, a profitable trade occurs when price reaches the profit target. In some cases, it is necessary for the price value to “pass through” or exceed the profit target in order for the trade/order to conclude with profit. Different order types exist; each for a specific purpose with related quirks.

Scalping means many small trades per day, in and out, to hopefully rack up a large amount. Is it similar to going fishing with many poles in the water? Not really, because the trading equivalent of that analogy would have you looking into many markets at the same time. A morning of scalping the E-mini the way it’s taught at DayTradeToWin may have you “net” six or so winners, but in 2.5 hours could you hope to catch six fish? Depends on where you’re fishing, the time of year, climate, ecology, whether the pond was stocked, the number of other people fishing, your particular choice of tackle, etc. Fortunately, fewer variables are involved with trading, but it is still a game of being in the right place at the right time and being ready to take action.

The particular scalping method in use here is DayTradeToWin’s Trade Scalper. In this example, John Paul, the founder of DayTradeToWin, is going for a profit target 1.5 points (six ticks). Because the E-mini is worth $12.50 per tick and there are six ticks total for the profit target, multiplied, this means a profit target of $75. This isn’t too bad for a few minutes worth of work. But for people who want more money, how can they increase the profit? By trading more contracts. Yes, if their trading account funding situation allows, they can “stack on” more contracts per each trade. Of course, this will yield a greater loss should the track go that way.

Want to Learn Day Trading, But Where to Start?

Like anything in life, it makes sense to learn from people who already have experience and can provide suggestions. If you look online long enough, you will find many experienced traders who eventually turned to something called price action. Price action is the art of trading based on what is right in front of you all the time, price movement. Using price movement and time, the basis of a trading chart, to make all decisions may lead to better results than other types of trading. These other types of trading may also be more complex. You may have heard of the phrase, “keep it simple.” That also applies to trading.

So, here we have a new video that focuses on keeping it simple. How so? Step-by-step instructions for setting up the main thing you need for day trading: a trading platform. This video focuses on NinjaTrader because it is one of the few platforms that is both feature-packed and allows for real-time simulated/practice trading at no cost. Why would you practice trading with old data? It’s best to practice trading during the time of day when you, as a pro trader, would be sitting at your computer. Some people will tell you their brain works differently in the morning. So, work with incoming, live data at that time to replicate the experience as closely as possible.

After you get the NinjaTrader platform installed with real-time data, what comes next? Learning how to open a chart. A chart is the main way to see what a given instrument (market) is doing. The data feed that you’ll get will be for futures markets. The main futures market in the world is the E-mini S&P 500. The abbreviation for the E-mini is ES. A 5-minute or 1-minute ES chart is recommended. These are time-based chart types. That means the bottom axis is based on regular intervals of time. Other chart types such as tick or range are based on accumulations—or totals; a certain amount of price movement must occur for that bar so a new bar can appear and “fill up” toward that given total amount (whether that be 250 ticks or a range of 2, for example).

Now that you have some sense of what this video is about, it’s time to watch! DayTradeToWin can continue helping you from there. Follow the instructions in the video. Here’s a direct link to the DayTradeToWin day trading courses and software.

DayTradeToWin Atlas Line Signals During Trending Day

How many day trading systems have performance videos going back years for the public to view? That’s one of the great things about DayTradeToWin. The Atlas Line videos can be seen going as far back as 2012 or so. Over this time, the rules have stayed the same. Many trading systems cannot make the same claim. That’s because optimization, that is, refining parameters of a trading system, is commonplace among other systems. What happens if you don’t optimize these other systems? Expect poorer performance. The main setting for the Atlas Line specifies the market open time. Other than that, the other settings control what signals are displayed and how they are styled. Again, no optimization.

The Atlas Line typically plots a main long or short signal early in the day. Whenever two candles close above or below, expect another main signal. What about other signals? Yes, Pullback (P) and Strength (S) signals are also possible. On a trending day such as the one shown in the this video, these P and S trades accompany price’s ride up to greater and greater heights. For some traders, the Atlas Line is the only trading system they use. That’s because of the number of signals throughout the day, the profit targets, and the versatility.

According to DayTradeToWin founder John Paul, this particular day produces over eight opportunities. Not every day will produce that many signals, but many trades look for somewhere around three to six signals per day. This is within possibility for the Atlas Line and a separate trading system, the Trade Scalper.

What you mind find very interesting is how the Atlas Line in the above video did not plot any signals during the choppy back-and-forth period that occurred later in the day. It’s almost as though the Atlas Line knew ahead of time there was going to be a chop and kept you safe. Wow, that’s something!

Trading Psychology: Is Long-term Success Possible?

In your growth as a day trader, have you used momentum, stochastics, moving averages, or Bollinger Bands? May have tried to come up with their own strategies, tested them for a period of time, went back to the drawing board or moved forward with actual trading. What tends to happen is that systems that do perform well for a period often do not continue performing well weeks or months later. It is as if the market turns on a dime and no longer exhibits the movements necessary to bring profits to those once successful systems. Why is this? Is the market conspiring against you?

One thought is that price activity is ultimately controlled or exhibits certain tendencies over a period of time. Then “those in charge,” the secret pushers and pullers of currency and electronic data, eventually change the game and pull out the rug from the rest of us. Is that truly so? Or are there cycles?

Indeed, one may ponder the deep questions about what actually works behind the scenes of global currency systems. But, in doing so, one has to take care of themselves and likely some sort of family. For reasons of practicality, then, it makes sense to find trading systems that appear to work over long periods despite any changeups. Does DayTradeToWin offer such trading systems? You may review their hundreds of videos from many years and judge.

For most, the goal is to consistently make money day trading on a regular basis. However, no system can really guarantee such a thing unless they want to attract the attention of regulators. And besides, who is to say a system that has worked well for a decade will work tomorrow? Who can actually guarantee that? Like anything in life, a certain level of probability is involved. We work with probabilities all the time when we make decisions. We think about what we want, what our overall goals are, what we want to become, how to get there, what missteps we’ve made, and so on.

At least day trading videos like the one above offer a glimpse of what it’s like to trade the method in real-time. This includes how the signal is “painted” or “plotted” in terms of timing and placing an order. We see two systems in use: the DayTradeToWin Roadmap and Trade Scalper. The Roadmap can provide an overall indication of potential reversal areas. This means that small trends can be potentially identified as well. The Roadmap provides signals as well. Coupled with the Trade Scalper, many short-term opportunities are identified.

John Paul from DayTradeToWin.com makes the case these methods work well together. He indicates the best way to go about learning to day trade is the 8-Week Mentorship Program.

Should You Trade 24-Hours Per Day?

Perhaps it would be better to name the title of this post, “Should You Consider Trading All Times of the Day?” That’s because most of us would probably agree sitting in front of a computer for nearly a day without any sleep would make sensible trading quite difficult. Some of us who have visited casinos have seen people there who are sitting in front of slot machines for many hours. In fact, it’s quite possible to see someone “on a roll” or believes the next big win is around the corner, having sat there for 12 hours or longer. That is not too healthy as our bodies need movement and rest.

That’s why it’s more sensible to trade only when the ideal market conditions tend to occur as related to the day trading systems you use. If you have day trading systems that tend to work better during more volatile times, then perhaps trading at or around market open is best. I am not so aware of systems that do well in sideways markets, but if you do use one such method, then perhaps trading in off-hours is more ideal.

This video reviews Trade Scalper signals and demonstrates a real-time signal example. This signal occurred late in the day, so one of the advices provided was to avoid trading into the close. If you just want to get in and out quickly, the Trade Scalper may be the best approach. For scalping, this is a big move worth +3 points. Not all trades will be this great. The ATR (Average True Range) determines the profit target. The maximum profit target on a 5-minute chart may be around 4 points. On average, somewhere around 2 points is expected. On a 1-minute chart, you can expect around the same profit target. The 1-minute chart is used in place of the 5-minute when the 5-minute is too fast.

And when you get the Trade Scalper, there is no need to rush into trading real money right away. You can use NinjaTrader’s real-time simulator to get a feel for how it all works. Is the method easy? Fairly so; of course this will depend on experience, comprehension, and so forth. One can easily follow the signals and place a trade according to the rules. Memorizing the method isn’t a requirement beyond knowing trade management.

Recent Trade Scalper Signals From DayTradeToWin Reviewed

How do you know what time a market opens? If you add an ATR with a period value of 4 or so, you will tend to see a spike at the same time of the day, just about every day. For the E-mini S&P 500, that’s at 9:30 a.m. US/Eastern. Is it worth trading right away at 9:30 a.m.? Nope. The DayTradeToWin recommendation has been, for many years, to stay out until the activity subsides. The same is true for scheduled news events: either place a trade using the news trading method or stay out until things return to normal. You can review videos on this at the main DayTradeToWin.com website that go back years.

The ATR (Average True Range) is a free indicator that comes with most platforms. As you can see, John Paul from DayTradeToWin is a big fan of NinjaTrader. NinjaTrader is free to use with end of day or real-time practice data. It’s a great way to practice without risking real money. You can easily track your performance, too. It has a built-in account set aside just for paper trading.

The signals you’ll see in this video are from the Trade Scalper price action trading system. Mainly, it’s a signal-based indicator that plugs into NinjaTrader, generating many signals within a relatively short period. Scalping is all about in-and-out trading. Just look at all those signals at about 14:35 in the video. Would you take each one? Hopefully not! Controlling temptation is part of trading. Stick with the signals that work best. Use another system to filter and confirm.

DayTradeToWin Reviews ABC Method Rules for Better Trading

Why would you want to trade futures in the afternoon when the morning is said to have the best opportunities? Because still more opportunities exist in the afternoon. Perhaps you were busy in the morning or sought to recover from a couple of trades that didn’t go so well. Revenge trading or any type of emotionally driven trading is discouraged. Rather, sticking to objective rules ensures that one can more easily measure the success of an approach over a given period.

The ABC Method was designed for afternoon trading. Multiple entry opportunities can be found in the afternoon before market close. However, some days there are simply no signals. Trending days tend to trigger ABC entry opportunities. That’s because the ABC is a breakout method. If price exceeds the prior period’s high and low via two closing candles, then expect a signal in the new period. That means only periods B and C yield entry opportunities. period A merely establishes the high and low for a possible entry in period B.

It’s important to remember the first two periods are 2.5 hours in duration. The A period begins at market open, 9:30 a.m. If this sounds like too much work, you may consider the ATO 2 method which includes the ABC Indicator. Another option is the 8-Week Mentorship Program. With the latter, all courses and software are included with Lifetime licenses.

If you want to see these signals live, sign up in one of the forms on the DayTradeToWin website. Every few weeks, an invitation is sent so that new people can compare their live charts with John Paul’s to see his methods are for real.

Control Trading Risk: ATM Strategy Use

One of the best ways to control your risk is to know your maximum stop loss, your profit target, and apply them via a preconfigured setting. This way, in the heat of the moment, you’re doing less work, so that should reduce the chance of clicking the wrong button or entering the wrong value. ATM Strategies are such a way to preconfigure the amount.

Always trading with a stop loss is wise. If you don’t have one, you could be in for a wild ride. It doesn’t take much experience to see how price can suddenly move against one’s desires.

Another important thing is to use a trading strategy you feel comfortable with. The Trade Scalper from DayTradeToWin is discussed in this video. You can get a sense of how the method worked with possible winning and losing trades.

After the Trade Scalper signal review, the presenter discusses how to set up ATM Strategies within NinjaTrader 8. The process involves going to the custom area of the drop-down menu and then specifying a profit target and stop loss value. Both of these values are in ticks, not points, so please keep that in mind. You may configure several strategies according to your trading method recommendations and experience trading the markets. Using a format such as P4S8 for “profit target of 4 ticks” and “stop loss of 8 ticks” may be wise. Such a format also allows the ATM Strategy list to be sorted in a way that makes for faster access.

Even though ATM Strategies semi-automate order placement, you may still manually manipulate orders according to your own preferences.

May you excel at your trading!