Do Perfect Day Trading Conditions Exist?

Take a look at all of these signals produced by the DayTradeToWin Trade Scalper software. Would you take all of them or is there a way to filter out only the trades with the highest chance of winning? With purchase, you are given rules ot identify potential winners and filter out potential losses. For example, you can use the ATR (Average True Range) to gauge current market conditions and determine the profit target and risk.

As another idea, you can add a secondary system, such as DayTradeToWin’s Atlas Line. In this video, both systems matched up in terms of saying that Long/buying was the way to go. Yes, you can use them both on a 1-minute or 5-minute chart within the NinjaTrader 8 trading platform. By the way, you can get NinjaTrader for free with real-time/live practice data. You only need to pay for the platform when you want to trade with real money.

Ever trade using a range chart? Using the Trade Scalper scalping method, it’s possible to scalp for small amounts many times per day on range charts. Specifically, a 2-range chart is used. Range charts are an alternative used when the 1-Minute chart is too slow. Otherwise, a range chart can be very fast; especially true for scalp trading. By the way, don’t bother with the ATR on a range chart. As you can see, the shark fin-esque formation is meaningless; there are other rules that you’ll learn specific for scalping on range charts.

What’s the point in demonstrating all of these different chart types with signals? To demonstrate the power and versatility of these price action trading methods. There are many other trading systems out there advertised as overnight success makers. There’s a lot of hype and little explanation. There’s a lot of marketing and little history demonstrating success. With DayTradeToWin, you can go back many years and see the same methods in use and working again and again. This page has all of DayTradeToWin’s price action courses and software. After purchase, the instructions are provided via email including the applicable downloads.

Flip-flop or Trend? This Price Action Indicator Helps

In this video, the Atlas Line gives two winning signals. The first signal is a Short winner. The second is a Long winner. The market is the E-mini S&P 500. The Atlas Line is installed as an indicator into the NinjaTrader 8 platform. Once applied to the chart, it will automatically provide signals based on how price moves around and through the plotted line (dashed pink line in the video). When two candles close above, that causes a Long signal. When two candles close below, that causes a Short signal. Since you know the basis of the signals, you can prepare yourself for placing a trade ahead of time. This is made easier with a 5-Minute chart, as the market moves slow enough for most people to prepare a trade.

Do you focus on previous highs and lows or guess when trends start and stop? That’s a mistake. As demonstrated, if you thought the market was going to continue down, you could have been stopped out by the reversal. This is where the Atlas Line is useful: the line itself maintains its direction all day. In effect, you can gauge the overall “bias” of the market: whether you should be prioritizing long (buy) or short (sell) trades. The automated signals are icing on the cake.

Whether you purchase the 6-Month or Lifetime Atlas Line, the signals will be the same. Remember that your 6-Month won’t count towards your Lifetime, so keep in mind that purchase a Lifetime license may be a better value unless you decide to roll into the eight-week Mentorship Program. In that case, your purchase may count towards Mentorship.

We should mention the Atlas Line can be used across many market types: the YM, CL, NQ, etc. The requirement is that the market needs to trade overnight and be reasonably volatile. Therefore, stocks won’t work. However, you can trade currencies (aka forex) just fine. NinjaTrader is free to use with futures and forex data available. You only have to purchase or lease the platform when you’re ready to trade with real money. Click here so we can help you get set up with NinjaTrader.