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.