Understanding the Price Action Software Signals: Get and Learn

Price Action

Check out our recent video about the quality of Price Action Technology Signals, Atlas Line and ATO 2. In the video, John Paul applies a5-minute E-mini S&P 500 map to the two price action indicators. John Paul sees the signals for the first day, along with the other people. The signal from the Atlas Line seems to be a winner.

Price moved up after the Long signal of the Atlas Line was generated. To calculate the profit target, the ATR (Average True Range) was used. The Atlas Line can be set to produce trades based on different open market sessions. For example, you can cause the signals to be focused on the open European and this is possible for the ATO 2 as well. Shortly after the market opens, the ATO 2 will produce signals. Keep in mind, however, that signals are based on completely different principles. It’s a great technique to use multiple systems to confirm trades. You’ll know why if you’ve seen some of our videos.

Would you like more of this? The best way to learn Price Action Technology Signals is to see what we can sell. Register for our eight-week mentorship program which starts on November 14, 2019. We have daily inquiries from students, reserve your slots now!

Webinar Recording: Discover the process of ABC Price Action

ABC

Every sector you look at, E-mini, NASDAQ, currencies, etc., there are general trends of operation every day. You will find that there are periods of fast and slow operation that occur every day around the same time. We suggest that you can split the day into three parts in some cases: a, b, and c. Learn to recognize the ABC System or ABC Pattern. Also, you can position a trade if there’s a breakout after a section.

You will break the day into three parts with the E-mini starting at 9:30 a.m. United States / Eastern Europe. We start at 9:30 a.m. Because this is the conventional opening of the market. Around 9:30 a.m. That’s segment A by noon. Segment B is from noon to 2:30 p.m. From 2:30 p.m. to 4 p.m., that is segment C. Note segment C is shorter in duration than the others. Search for two consecutive candles above or below each segment. That’s the point of entry.

You can watch the video here, you will see the ABC Software in use for NinjaTrader. The software is easy to track the entry points. Currently, you can get the software by purchasing the ATO 2 course and software or enrolling in our eight-week Mentorship Program.

Live Signals & Order Types Trade Scalper

Live Signals

Here is an overview of recent and live signals from Trade Scalper. Note that the complete version of this software you receive as a customer draws on your chart a number of lines. These lines will help guide your business. The simplified version for demonstration purposes is what you see in the video, although the signals are the same for both versions.

John Paul uses the trade scalper as signals appear, trade management, entry, and exit coverage in the video here: http://daytradetowin.com/blog/video-trade-scalper-live-signals-order-types/

It is possible to use different types of order: stop orders, limit orders, stop limit orders and market orders. Do you know the differences between them? Don’t worry because John Paul breaks down each order type. For this method, you will need to use specific order types because of the goal: many small winning trades.

Learn how to trade the method exactly as intended in our eight-week Mentorship Program. Mentoring is the best and most affordable way to learn all of our techniques.

We have specifically set aside some of them for students of mentorship. The next class starts on Oct. 22, 2019, so sign up to save your seat today! Click here to buy the course and program

Start this Live Webinar with two Nice Long Signal

On the latest blog, you can see ATO 2 software right away, and the Atlas Line software agrees that the price direction expected will be long. This is why the long signal is generated. When we see two or more systems confirming the same, we see this as a very positive sign. Did both trades work out? If you want some more about the longs signal, watch the full video here: http://daytradetowin.com/blog/two-nice-long-signals-start-off-this-live-webinar/

John Paul recaptures from there some market activity that took place earlier in the year. This is to decide whether 2019 will be a year of the “January Effect.” The principle is as follows. If the price closed higher than it opened for the month of January 2019, one can expect to close the end of the year higher than the closing of January.

Get the Atlas Line, ATO 2, or today’s Trade Scalper!

John Paul Recaps Short & Long Trades of Atlas Line

Here is an analysis of the signals from the Atlas Line which took place on Oct. 8, 2019. If you used the same settings on the Atlas Line, you’d see the same signals. Note the nice early Short trade and another occurred around 11:30 a.m. ET, that’s it. If two closing bars are above or below, you will receive either a Long or Short signal. Later in the day, John Paul covers around 3:40 in the video, there was a Long signal.

John Paul tries to take an objective approach. In order to determine the profit target and stop-loss, we use the ATR (Average True Range). To protect yourself, it’s important to have stops in place. In the training video, we teach you what to use. Multiple stop-loss strategies are used by the Atlas Line. Signals S and P are for trades of Strength and Pullback. These signals are covered by specific rules. If you don’t want to see them, you can enable or disable these signals. The Atlas-B trades are for “bounce” trades. These, too, are optional. Remember, of course, not every business will be a winner! We happily point that out in this video and elsewhere.

Click here to purchase the Atlas Line page.

Free Trading Strategies: January Effect for 2018

Traders, on February 1, 2018, be sure to switch to a daily chart and take a look at January 2018’s price activity. If the month closes higher than its opening price (2675 on January 2), the January Effect will apply to 2018. The January Effect is one of the free trading strategies taught by DayTradeToWin.com. In short, the strategy says to expect the year to trend upward, with a higher closing price in December. This strategy applied to 2017, and sure enough, we saw record-breaking highs. In many videos, John Paul demonstrated entry opportunities when price retraced upward in compliance with the strategy rules.

Learning how to identify a compatible year is only part of what the January Effect entails. You will need to understand the trading rules as well. For that, go to about 7:00 into the video. Look for several consecutive days were price falls. When price begins to come back up, that’s a possible entry. To aid your discovery of the entry, consider using NinjaTrader’s Fibonacci tool. John Paul has a way of configuring it to show only the 0%, 50%, and 100% levels. As taught in the video, apply the tool from the recent high and low points. The 50% is the entry level. The market often revists prices previously reached. As price moves up to possibly test prior highs, that’s where you can jump in for the potential ride up. Of course, some free trading strategies (this one in particular) require the January Effect to be in effect first.

What’s Better Than Free Trading Strategies?

To see recent ATO 2 and Atlas Line signals, jump ahead to about 22:40 in the video. The strategies agreed that long was the way to go. The webinar attendees saw the signals. Clients who were using the same configuration received the same signals. Because the webinar was real-time, you can see the market move up over time. If John Paul had placed trades based on the signals, he likely would have been profitable. When conducting a webinar, focusing on teaching and placing trades can be difficult to do simultaneously. When presented with more than one DayTradeToWin trading system, he says to take the trade based on whatever signal comes first.

To get all the courses and software with lifetime licenses, join the next eight-week Mentorship Program. The goal is to minimize risk and maximize profit potential. If you have the will to learn, you can truly change the way you trade for 2018. By having a complete understanding of every method and encountering many types of market scenarios, you can be well-prepared for the opportunities we expect this year.

Profit Target for Trending Markets

The recent video that was published shows how the Atlas Line and January Effect can be used together to find winning long trades. We did not show how easy it can be to place these types of trades with a profit target and stop loss. That’s where this video comes in. It’s the same trade as yesterday, only John Paul explains how you could have taken the trade using the DOM. He used a regular market order soon after the signal appeared. He had an ATM Strategy preconfigured, which automatically placed the profit target and stop loss at preset values. Furthermore, Chart Trader allowed for the green profit target and red stop loss line to appear on the chart. These visuals help guide your trading.

As demonstrated in the video, trading is all about catching the big moves before they occur. Many indicators focus on complex interpretations of price behavior. They are difficult to trade because you are supposed to make a quick decision of what route to take. With the Atlas Line, you are taught how to look at the ATR (Average True Range) to calculate both your profit target and stop loss. From there, it’s trade management until your profit target or stop loss is hit. Four different stop losses are taught. If your profit target is not hit, you take whatever stop loss comes first.

Profit Target – What Happens Next?

John Paul expects more bullish trending activity to occur as we near the end of 2017. Some traders cannot afford to hold positions overnight or for multiple days. This is where the Atlas Line is useful, as it can potentially identify trends intraday, where most day traders typically do their trading. If you have the Atlas Line, January Effect, and ATO 2 all signaling “go long,” wouldn’t you feel better taking the trade? The best way to get all the courses and software is through the eight-week coaching program, Mentorship. A new Mentorship class begins February 22, 2018. All courses and software are included with lifetime licenses. To sign up and get the materials early, click here for the Mentorship page.

Trading Holidays Coming Soon in 2017

Day Trading 2018With 2017 coming to a close and holidays up ahead, it’s important to be aware of upcoming trading holidays. The CME (Chicago Mercantile Exchange) website has all of the information for upcoming closures. Did you know that the market will close early on two consecutive days for the Thanksgiving holiday? Will you be able to trade on Veteran’s Day? Let’s take a look at what the CME says. The hours posted here apply to CME equity, interest rate, FX, energy, metals, and DME markets. This includes the E-mini S&P.

Firstly, the times below are provided in US/Eastern (ET) format. On Nov. 5, clocks in the U.S. will “fall back” an hour, making you feel like you had an extra hour of sleep and more daylight at the end of the day. In effect, US/Eastern time switches from GMT-4 to GMT-5 (or UTC-4 to UTC-5, if you prefer that labeling).

Also, note that on some holidays, the markets reopen in the evening the same day. Generally, market activity is much slower around big holidays. It’s probably best that you stay out and wait for normal conditions to return. Use an ATR with a period value of four.

Additional Trading Holidays

The next major holiday is Veteran’s Day, Nov. 10. The markets will be open normal hours. No closures or odd market hours.

After that, Thanksgiving Day falls on Thursday, Nov. 23. On Thanksgiving Day, the markets close early at 1:00 p.m. ET. On the following day (Nov. 23, a Friday), the markets will also close early, but at 1:15 p.m. ET.

Next, we have December. As you probably expect, the markets are closed Christmas Day (Dec. 25). The markets reopen Christmas Day at 6:00 p.m.

New Year’s Eve is a Sunday. New Year’s Day, Jan. 1, 2018, falls on a Monday and the markets will be closed. Markets reopen at 6:00 p.m. that day.

This trading calendar for 2017 should fill in the blanks for any additional days.

24-Hour Time Basics for Day Trading Charts

If you’re going to be trading, you’ll probably encounter the 24-hour time format. Many folks in the U.S. are not familiar with reading 24-hour time. Instead, we frequently use regular time, which may seem even crazier. Regular time splits the day into two 12-hour sections. In each section, we count from 12:00 to 1:00, then from 1:00 to 12:00. To someone from outer space, regular time may seem more difficult than the 24-hour format. After all, in the 24-hour format, all you are doing is counting from 00:00 (midnight) to 24:00 (midnight again) for each hour of the day.

NinjaTrader uses 24-hour time for its charts. Currently, there is no way to get around that. Until you reach a point where 24-hour time is second-nature, you’ll have to learn how to do some mental math or memorization.

24-Hour Time Tips

  • There is no need to do any conversion, as 24-hour and regular times will be the same for times between 1 a.m. and noon, e.g. 1:00 on a 24-hour clock is 1:00 a.m. on a regular clock.
  • After 1 p.m. regular time, to get the regular time from a 24-hour time, subtract 12. For example, 19:30 – 12 = 7:30 p.m. regular time.
  • Confused if 00:00 and 24:00 are the same? You should be. Many 24-hour clocks consider this the same time (midnight).
  • Time zone conversion will still work the same way. Add or subtract the time difference as you normally would.

Want to learn how to read a 24-hour clock faster? Get a wristwatch that has both formats or change your smartphone’s time display. If you have more questions, check out this helpful website and the pictures below.

24-Hour Time Chart

24-Hour Time Clock

Day Trading Strategies for Beginners & New Traders

Webinars are one of the best ways to get a feel for how well a person’s day trading strategies work in live conditions. Occasionally, DayTradeToWin holds live webinars to provide just that, as well as educate attendees on a variety of topics. Just recently, John Paul conducted a live webinar and showed his ATO 2, Trade Scalper, and Atlas Line trades to a room full of traders.

For gauging a market’s tradability, knowledge of the ATR (Average True Range) is essential. Set your trading platform’s ATR setting to 4. When the ATR is between two and four points on the chart, trading conditions are ideal. However, an ATR above 5 points or below 1 point means the market is too fast or too slow, respectively. Slow conditions are also apparent when many dojis or short candlesticks appear on minute-based charts. Keep in mind, the ATR is always looking back at the last 4 bars (using our recommended setting), so it is not an indication of future levels. Once you place a trade, you can continue to monitor the ATR and adapt your profit target and stop loss based on your ATR-based strategy.

Ever look at NinjaTrader’s SuperDOM and wonder what all those buying and selling numbers mean? In the webinar video, you can gain an understanding of this so-called Level II price data. For a historical interpretation, check out NinjaTrader’s Times & Sales window. Note that with most DayTradeToWin strategies, we avoid interpretation of buying and selling numbers. In the old days of trading, these numbers were more useful. High-frequency trading and other changes have made our price action approach different.

One of the great new features of NinjaTrader 8 is the ability to place MIT (Market If Touched) orders. Consider the literal interpretation of “Market If Touched.” One could say that if your order is touched by the current, fluctuating market price, then you enter the trade at market value. MIT orders are useful in preventing slippage, which is when a tick or more of potential profit is lost due to unfortunate market conditions. The webinar video also explains limit orders, stop orders, and other helpful order tips.

More Day Trading Strategies

John Paul also touches on the topic of front-running. If you Google that term, you’ll probably come up with an explanation of dirty tactic employed by unscrupulous brokers. That is not what John Paul refers to. Instead, his meaning refers to getting filled a tick ahead of the desired price. It’s a tick less of profit, but it can be the difference between having your stop loss hit. You probably would not want to front-run scalping trades, because you’re only going for a couple of ticks. It’s probably better to front-run in trades when you’re going for a point or more of profit.

Aside from the other day trading strategies, it’s also important that you stick around for the part where he discusses closing out trades. Of course, not every profit target will get hit. You should know how to manually close out a trade in order to reduce excessive loss. The DOM has two buttons designed for that purpose. Be sure to watch John Paul’s specific approach based on years of looking at the markets.