When day trading, looking at small text on your charts is no fun. This can happen if your display resolution is too high and your physical screen too small. Finding the right balance is important. Displays have become cheaper, but not so cheap if you want one of real quality – expect to pay over $450 for a decent monitor for gaming or graphic design. This is why some traders who use multiple monitors will have a large screen with a relatively lower resolution (easy to read text) or multiple monitors increasing the amount of visual data available at a given time. One can buy various fittings and structural grips to position trading monitors at ideal locations.
But what if you don’t want to do all that? What if just two charts was good enough but you want to see both charts at the same time? Split one chart in two! Yes, by right-clicking the NinjaTrader chart, going to Data Series, and making necessary changes, multiple instruments and/or time frames can be viewed within the same charting window. This may be possible on other trading platforms, but the focus of this video is demonstrating signals in NinjaTrader 8.
Multiple trading systems “saying the same thing” is a good sign according to John Paul of DayTradeToWin. Rather than getting one indicator’s opinion, looking for agreement in direction and timing may yield greater confidence and results, though there are no guarantees.
So, how were these trading systems created, anyway? A reworking of what John Paul learned many years ago from colleagues in the trading industry as well as his own trial and error, testing, and revising. Floor trading is no longer a thing, but some of the techniques from that period are still applicable in today’s markets. To figure this stuff out on your own, you may spend a lot of time and money. Ultimately, will your system be profitable? Would it be better to go with something tried and true?
If you want to scalp, you’re going to be in and out of the market many times per day. It’s important to follow the rules to limit exposure for each Trade Scalper trade. If you prefer to risk less per trade, scalping may be the way to go. If you like, fewer, larger trades, the Atlas Line may be preferred.