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 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.

Live Trading Signals in Webinar

Tired of the same old trading webinars that don’t provide any live trading signals? Fast-forward this recent DayTradeToWin video to the 20 minute mark. You’ll see three trading methods produce signals in front of an audience of attendees. The signals come from three different indicators: the ATO 2, Atlas Line, and Trade Scalper. Each one advised going short. It’s always good to see multiple strategies confirming the same direction. Using a simulated account, John Paul places the trades and explains his profit target and stop loss approach. The trades were winners. A couple of the attendees also took the trades and confirmed their results.

Where do the live trading signals come from?

The ATO 2 works on 5-min charts. Think of it as a way to find the opening breakout move. The goal is a couple of points a day, but that can always change based on current market conditions. The software draws a horizontal line that points to the entry candle. The entry price is printed on the chart. You fully learn how the strategy works, so you can always trade it without the software.

The Trade Scalper uses a 1-min chart. Think of this one as quick in-and-out trading with many trades per day. You can find signals at all hours of the day, providing the market is open with good volatility. The full version of the software (not seen in the video) draws horizontal and vertical lines that guide your trading. Using the lines, you can determine when another trade may occur. You fully learn how it all works so the indicator software is not required.

The Atlas Line draws a diagonal line soon after the market opens. Throughout the day, the angle of the line remains the same while price dances around it. If price closes twice above or below the line, you’ll get a long and short signal, respectively. Additionally, you’re taught how to use the Strength and Pullback signals. The Atlas Line works best on 5-min charts. On average, it produces more trades than the ATO 2, but less than the Trade Scalper. Traders like the Atlas Line because it can also provide an overall indication of where the market is expected to head.

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 on Military Time 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.

Summer Day Trading Defeated Using January Effect

Summer day trading is known to be difficult. People take time off. The markets traditionally lose volatility. You’ve seen what happens during a Friday holiday. In the summer, can we see the ATR (Average True Range) below one point regularly and for larger portions of each day. How do you combat this? Small-time retail traders need to think differently. John Paul from DayTradeToWin has an idea: go long-term.

If your brokerage account can substantiate the extra risk involved in holding large positions for multiple days, it may be worth taking a look at the January Effect strategy. The January Effect can best be described as a predictor for how price may behave for the rest of the year. The prediction is based on how price behaved in January of the same year. If you see that price closed higher than it opened for the month of January, then expect the end of the year to also end on a high note. Of course, there’s no such thing as a true prediction. John Paul believes in this strategy’s accuracy, but you should do your own testing and come to your own conclusions.

How do we know when the January Effect will apply? Early February, of course. From that point forward, you can follow the rules to spot bullish retracement trades. The video demonstration is better, but essentially, you’re looking for price to drop. Once the bottom is reached, wait for the 50% recovery and then look to enter a bullish trade. You can find one of these setups almost every month. There’s no guarantee of profitability. Price may turn around and continue lower. Be sure to test with a practice simulation account first. Also, check with your broker and a financial expert.

Beyond Summer Day Trading

Other than summer day trading, John Paul discusses a number of other tricks to possibly improve performance. He talks about groups of days, trending days, and how to spot cycles. He discusses why 5-min charts are superior to most others, the ATR (Average True Range), and much more. To learn everything he knows about day trading, join the next eight-week trading class, Group Mentorship. All trading courses and software are included with lifetime licenses. It’s a great deal.

Thank You

Shortly, you will receive an email that contains links to learn three free trading strategies. Be sure to check your spam or junk folder just in case. If you do not receive the email within 15 minutes, please email DayTradeToWin support at [email protected]

Price Action Trading – E-mini Battles

It’s 9:30 a.m. US/Eastern time. Prime time for price action trading. Anything can happen. Your strategies are locked and loaded. It’s just you and the market. Price action, and you have an exact plan regardless of what happens. You know what to look for – what candle patterns will trigger the entry, what your stop loss should be, and how to manage every aspect of the trade. Volatility is good – the ATR (Average True Range) is between two and four points. Will the market trend? Will it chop? Only time will tell, and of course, price.

If the market decides to trend, what can go wrong? Price continues to climb. You become increasingly confident. You place multiple trades. In fact, on the third market buy, you decide to increase the contract quantity. Technically, it’s higher risk, but who cares – who could blame you when conditions are this favorable? This is an example of emotional trading. Price decides it’s streak of reaching higher highs is over. A reversal happens, but you’re in long. Expecting a reversal back to the original long direction, you follow the rules and stay in. Sadly, price does what it sometimes will – it goes against you. The stop is hit. It’s a considerable loss. Were you too emotional? What could you do better? You see, even trending markets can beat the best of us.

John Paul Handles Trick Price Action Trading

The E-mini S&P is a decisive battleground. Each day at battle, there will only be one victor, you or the market. Watch the video to see how John Paul battles the E-mini.

It’s another new day. Another chance at big market wins on the E-mini S&P. As before, you’re systems are at your command. Each is a refined instrument of technical precision, analysis, and price action. The market’s volatility is tradeable. A signal appears – all systems go. You enter short. Price drops the first minute, continues for the next four. Excellent – after the first five-minute candle, you’re within three ticks of reaching the profit target. Just a little further. Suddenly, the market reverses. You have to stick to the rules. Wait it out – maybe it will turn back. No such luck. Price stops you out.

At this point, you’re skeptical of the market and want to wait for a bit. Over the next hour, you see price trade within a range/channel. Price never escapes three points in either direction. How can anyone trade this? It’s about winning the war, not the battle. Look at your performance across weeks, a months, multiple months. Be objective.