Why would you want to trade futures in the afternoon when the morning is said to have the best opportunities? Because still more opportunities exist in the afternoon. Perhaps you were busy in the morning or sought to recover from a couple of trades that didn’t go so well. Revenge trading or any type of emotionally driven trading is discouraged. Rather, sticking to objective rules ensures that one can more easily measure the success of an approach over a given period.
The ABC Method was designed for afternoon trading. Multiple entry opportunities can be found in the afternoon before market close. However, some days there are simply no signals. Trending days tend to trigger ABC entry opportunities. That’s because the ABC is a breakout method. If price exceeds the prior period’s high and low via two closing candles, then expect a signal in the new period. That means only periods B and C yield entry opportunities. period A merely establishes the high and low for a possible entry in period B.
It’s important to remember the first two periods are 2.5 hours in duration. The A period begins at market open, 9:30 a.m. If this sounds like too much work, you may consider the ATO 2 method which includes the ABC Indicator. Another option is the 8-Week Mentorship Program. With the latter, all courses and software are included with Lifetime licenses.
If you want to see these signals live, sign up in one of the forms on the DayTradeToWin website. Every few weeks, an invitation is sent so that new people can compare their live charts with John Paul’s to see his methods are for real.
So, like the thumbnail of the video says, how does one trade rule-based strategies? By following the rules. Are you going to be taught all the rules in this video for the trading system(s) shown? No, of course not. That’s because you have to purchase the trading system in order to learn the rules. This is merely a demonstration with emphasis that it’s important to follow rules rather than going off-course, using your imagination, guessing, or stretching recommendations.
There are so many ways begin day trading. Just looking at the video recommendations when writing this present soptions regarding the mental game of trading as a whole, how to research trading, how to use relative volume to predict home run trades, and various steps to perform a specific strategy. Are any of these methods going to be valuable? Possibly, in terms of some self-understanding. However, the nature of such things is that sometimes a paid method is a paid method for a reason – it’s exclusive because it’s worthwhile. If someone can make money selling it and trading at the same time, why not? However, a lot of paid courses are junk. Many in the industry say this – rather than teaching exact rules, the course will show you demonstration after demonstration, providing little in the way of rules.
Rest assured, DayTradeToWin has all of the rules clearly defined. If you’re not successful, it’s just because the market isn’t aligning itself with the rules. This can be a good thing, as there is no need to blame the self. That’s the great thing about objective trading – no need to have emotions take charge. If you did everything correctly and it works or it doesn’t, you did everything correctly in either case.
The main purpose of the video above is to go over multiple Atlas Line signals. If you see a number of winning signals, that may provide a positive impression the method works consistently. It will be up to you to apply the rules that you learn. There are no guarantees in trading, only probabilities, and estimating on those probabilities is a most curious and risky endeavor! We wish you well. However, trading using a specific stop loss and profit target ruleset is one way to control risk.
If you, ahead of time, configure many stop losses and profit targets within NinjaTrader’s ATM Strategy area, then you can select the most appropriate given current circumstances. These stop losses and profit targets are not set in stone – you can modify them on the fly once your initial order has been filled. The easiest way to do this is by enabling NinjaTrader’s chart trader feature then dragging and dropping the profit target and stop loss to their desired values. Are there any caveats? Yes, doing so places you in the “back of the line,” so to speak. Your profit target or stop loss may not get hit when expected, so be careful.
With the DayTradeToWin trading methods, the ATR (Average True Range) is always used to determine the profit target and stop with the exception of some chart types where their use doesn’t make sense (i.e. range charts). The ATR is configured with a period value of four. Why four? Because that means the last four bars are used to determine the value. If greater than four, the calculation is based on older data. If the value is less than four, less data is used that may only give a picture of recent activity, which may be really dramatic or slow (thus limiting potentials).
It seems like more and more people are turning to day trading in hopes to find prosperity in their lives. While there are no guarantees in this line of activity, there are certainly lessons to be learned. Those lessons, in of themselves, can be highly valuable in getting to know yourself. These lessons may relate to how you handle loss, how you prepare to quickly execute decisions, how wisely you handle success and retain that success, and how you can manage your attention, finances, commitment, and energy in the long-term.
DayTradeToWin often aims to help beginner traders get started on such a path. Instead of relying on complex methodologies, DayTradeToWin focuses on recognizing candle patterns and then applying rules to place and manage trades. Of course, the first step in day trading is understanding basic concepts and trading software. Basic concepts include definition of trading words. Glossaries exist for such things, though context can explain much. There are many helpful videos for how to learn NinjaTrader. DayTradeToWin has produced a couple that stand out from pretty much all others out there.
Now, what is this “Easy Trading Strategy for Beginners” discussed in the video? It’s the Trade Scalper from DayTradeToWin. Yes, the Trade Scalper is not considered a complicated trading system. That’s because the rules are relatively simple once you are taught them and know what to look for. The software further simplifies the identification of opportunities via Long and Short signals of two types: Long and Short (regular) and DW Long and DW short (double-wick).
When scalping, you must be quick. This is why it’s important to spend time configuring ATM Strategies before trading with real money. You want to get a feel for how the trading method “handles” and account for common profit target goals and stop loss risk values. An ATM Strategy will let you preconfigure these values and select the most appropriate one for the current market conditions.
There’s a common expression for those who trade GME stock: “to the moon!” Well, the ride to the moon can be a bumpy one. One of the causes for turbulence is manipulation.
Manipulation is when human traders or their software/systems intentionally interfere with market activity to gain an advantage. And if you’ve been following the GME drama over these recent months, there have been all sorts of back and forth accusations from the big guys and the regular folks.
If you do some digging on YouTube, you can readily find hedge fund-types admitting to manipulation and how they do it. In some cases they say they do it because there are no rules against it. Indeed, there are exploited loopholes. But what can you do as an individual trader or investor?
John Paul from DayTradeToWin advises learning how to recognize certain manipulation patterns and stay out of the market when they occur. You can also potentially capitalize on these opportunities if you have the right techniques, namely, the Roadmap software.
Throughout the new video, he shares his Roadmap software and explains how its zones and signals serve to keep a trader informed. When price approaches a zone, it’s time to pay attention. We can expect price to bounce off of go through it. In some cases, a Long or Short signal is produced. At that point, you can place a trade according to the rules. Where are the rules taught? How do you get the Roadmap? At this point in time, the only way is to enroll in the full eight week trading bootcamp known as Mentorship.
One of the reasons why manipulation is effective is because it lures in everyday traders with false indications. By pumping and dumping large sums, a big firm can control the market somewhat. If other systems are “in” on these schemes and can see the ripples generated by another firm, what’s to stop a trading algorithm from dumping millions of dollars more in the market, exacerbating the manipulation? This could happen in a very short period of time. How would regulation stop this? You could drive yourself crazy thinking about how to beat high frequency trading algorithms. However, you’re a human trader. These systems are trading at the micro or millisecond level right at the exchange. They have computation and physics at their disposal. They have the best and brightest from top universities molding neural networks to maximize profits.
When it comes to manipulation, it’s better to go with what works. And according to DayTradeToWin’s John Paul, that’s the Roadmap and the other methods taught in the eight-week trading school.
“Is this a good trade? Should I enter here? Should I exit here? Am I risking too much or too little?”
These are questions you shouldn’t be asking yourself after you’ve been trading for some time. It’s normal to have these questions when you’re starting out, trying to figure out if you’re using your trading software correctly and applying a technique properly.
But if you are just guessing your way through trading or “hunch trading” as some may call it, well, that can be a problem long-term. So, what’s the solution? Learn from someone who has been a successful trader for years. Hopefully, that person is willing and able to relay all techniques and understanding. Not everyone is a good teacher. Some very rich traders are poor teachers. And of course, some great teachers are poor traders! This is why there may be just a handful of people with the right knowledge and educational ability to teach you how to day trade.
John Paul from DayTradeToWin is such a teacher. He has been teaching people how to day trade for many years. In fact, he didn’t even consider becoming a teacher. He was selling one or two trading methods online, then one of his clients asked him basically, “Hey, do you have anything else you could teach me?” And unbeknownst to John Paul at the time, this became the start of what is now the 8-Week Mentorship Program. Interesting how things in life happen like that, huh?
If you’ve never heard of the Mentorship Program, the above video will run through a number of the methods that are taught. Remember, it’s eight weeks in duration. Class is twice a week. You get all courses and software with Lifetime licenses. Classes are recording so you can watch them later online. It’s the complete package; a treasure trove of trading knowledge being shared with you by a trading expert who can actually teach! Note that John Paul is currently only available for the Individual, on-on-one version of Mentorship. There is another very qualified instructor who teaches the Group class.
Within the last month, a couple of predictions have emerged regarding how they market will be in early 2021. John Paul, founder of DayTradeToWin.com has said that he expects a big sell-off to occur in early January 2021. Below, you will find two more videos mentioning this prediction.
What is a sell-off? It’s a sustained period of bearish activity. In other words, a “great fall” in the markets. It’s not exactly a crash. A crash implies less control (i.e. a disastrous free-fall), whereas a sell-off is more of a series of thoughtful actions or consequences via controlled market mechanisms, trading, or business strategy.
John Paul says it is possible for regular “intraday” traders to capitalize on the anticipated sell-off, providing they have the right signals and trading systems. He points to the DayTradeToWin Atlas Line and Trade Scalper software specifically for finding short (sell) trades during a sell-off. Recognizing a sell-off can add an additional level of confirmation. And as a trader, are you not always looking for an extra indicator of confidence?
In the December 31, 2020 trading video above, you can see how the Atlas Line helps confirm anticipated price direction and can lead to profitable trades. Though there is inherent risk in trading and hypothetical performance is not indicative of future results, you can get a sense of how the signals appear to inform traders of a potential favorable condition in the near future. For instance, in the thumbnail image, you can see how there is an Atlas Line Long (buy) signal. Price continue moving up afterward. This should have led to a reasonable profit target being hit, thus a profit.
Normally, trading New Year’s Eve and Christmas Eve is best avoided. These are times to spend with family and friends. And if you must trade, because the big players tend to be away, there may be unusually slow periods. When these slow periods occur, the market can suddenly chop back and forth without any clear direction. This makes it extra difficult to trade. Fortunately, trading systems such as the Atlas Line and Trade Scalper can add “clarity.”
If we go further back in time, we see another video where John Paul predicts a January 2021 sell-off. What is your opinion? Do you think it will occur? There may be many headlines as we switch from one U.S. president who has been quite controversial to another, who also is involved in some controversy. We’re living at an unusual time where the world is trying to mitigate a contagion. This has set up a number of complexities at a time when the greatest number of people on earth exist, where all sorts of organizations, companies, and governments want to prosper, which can be disadvantageous to various populations, some of which do not have the means to grasp any portion of the picture. Also, there is the mindset of going into a new year and expecting change. Maybe that will happen. So when it comes to the markets, we have so much reason to expect some turbulence.
If your computer clock is off by mere seconds, you could experience unwanted behavior in your NinjaTrader 8 trading platform. The NinjaTrader 8 software “grabs” the current time from your computer clock. In turn, the indicators running within NinjaTrader reference that time or schedule operations accordingly. For example, if the Bar Timer indicator is running on a computer with an incorrect Windows 10, the Bar Timer may fail to countdown and could remain at zero.
In an ideal situation, your Windows 7, 8, or 10 version should automatically recalibrate (sync) with official time servers on a regular basis. This is supposed to be done by the operating system automatically every once in a while to correct any “drift” in time caused by, well, physics essentially as related to the battery on your computer’s motherboard. The official time servers are maintained to ensure great precision. You can check how “off” your computer clock is with the official time via https://time.is. Note that this is not an official time server, though it is frequently used to gauge computer clock accuracy. When time.is recognized your time is pretty much exact, it will tell you so.
Fortunately, there is an easy fix to the Windows time inaccuracy issue. We will go over instructions on how to set up a shortcut you can use every couple of weeks to manually correct/update the time.
Right-click the Windows Desktop and select the option to create a new shortcut.
For the location, type in timedate.cpl. Make sure there is no trailing period if you copied the text from here. Proceed forward and give the shortcut a name, such as Time Sync.
Now that the shortcut is created, you’ll need to perform the remaining steps every two weeks or so to correct time drift. Double-click on the shortcut.
Click the Internet Time tab a the top. Then click Change settings.
Click Update now. It’s actually normal to see a failure message. When this occurs, select the other time server and try updating again. Repeat among the time servers until success occurs. Upon success, close out of the time area. Wait five minutes for the time to “permeate” the Windows OS.
If NinjaTrader is running, restart it.
Optionally, visit https://time.is to confirm your computer clock is now accurate.
Even a trader who has years of experience can become anxious and lose passion. The dedication required to look at charts on a regular basis, maintain focus and optimism through ups and downs, and have the discipline to follow the rules can be a struggle.
Remember that human behavior focuses on the reward for things we are already good at. However, markets are dynamic. If they were predictable, you would be constantly rewarded and there would likely be too many traders in the world (thus reducing the monetary reward of trading). Like any other successful learning experience, trading involves a level of direction – a willingness to fail, strive for better, understand what has and has not worked, and regulate emotional impulses. In some cases, the best way to trade is to not trade at all.
Price action trading often involves identifying price patterns and following specific rules. Traders may prefer price action because it reduces emotional reliance. Can you boil your trading strategy down to a series of questions? First, is the market too slow, too fast, or just right? How about those price patterns – have any occurred recently according to the rules? If so, is it too late to place a trade? Will another trade occur in the near future? The ability to trade in an objective manner is often regarded as an attribute shared by successful traders.
If you are currently a profitable trader, congratulations! You are one of the few who have figured it out. For the other 99%, you have a few options.
For one, you could spend a lot of time and money developing your own techniques and testing them in live market conditions. If you work a full-time job or make a middle-class income or less, you may struggle to find the time or the finances to support this approach.
You could read books and learn valuable information. However, many trading books are theoretical and may not provide actionable strategies. And if they do, do they really work in today’s markets?
There are many trading courses in existence, but which ones are effective? Many people are capable of putting together a website with compelling content. Do you really have the time to research? And if so, which trading methods have stood the test of time?
Becoming a professional day trader is no easy task. If you would like more insight on trading methods that have proven to be effective for other traders, leave a comment!
What are the Thanksgiving trading hours? As you may know, Thanksgiving Day, November 22, 2018, is a major U.S. holiday. Expect the markets to close early. We trade the E-mini S&P, which is a CME (Chicago Mercantile Exchange) equity product. See the official calendar information from CME’s website. The compact Excel file is probably the easiest to navigate, though there is no need as we have summarized the holiday market hours as follows. If you trade other markets, it is best to refer to the full CME calendar or your exchange’s calendar (whatever that may be for the markets you trade).
For CME equity products:
Nov. 21, 2018: normal market hours
Nov. 22, 2018 (Thanksgiving Day): early close (halt) at 1:00 p.m. ET (13:00 GMT-5). Markets reopen at 6:00 p.m. ET (18:00 GMT-5).
Nov. 23, 2018 (Black Friday): early close at 1:15 p.m. ET (13:15 GMT-5).
Be careful trading around holidays. Markets can become slow on early closure days or behave more erratically than usual. Some of the big players and trading systems may not be trading. Use the ATR (Average True Range) with a period value of four to compare volatility levels with non-holiday conditions.
Retailers & Tech Stocks
Black Friday (Nov. 23, 2018) and Cyber Monday (Nov. 26, 2018) are arguably the two largest shopping days of the year, as they symbolize the start of the holiday shopping season. Analysts will be looking at product and company performance. Expect reports to come out that will sway market direction. This is the final quarter of 2018, after all. This year is especially interesting, as many news outlets have talked about poorer market performance from major tech companies. For example, look at how Apple’s stock price dropped Nov. 19, 2018. Will holiday shopping provide a lift?
As a reminder, Dec. 13, 2018 is the CME’s equity index roll date, so make a note to do a rollover in NinjaTrader on that date or soon after. Of course, later in the month, the markets will close for Christmas.
Yesterday, we posted a video of some great ATO 2 and Atlas Line signals. Here’s another video showing another set of great long trades. Today’s signals appeared at approximately 10 a.m. EDT. Once the related bar closes, a signal appears. At that point, the idea is to place a trade as quickly as possible based on the rules of the trading system. One of the quickest ways to enter a position is via a market order. Of course, you can use a pending order (e.g. a limit order) ahead of time, if you want to be prepared early.
Was today a trending day? It looks like it. We traders really like trending days, but they’re pretty rare. Unfortunately, it’s more common to see choppy activity or short periods of time where price fluctuates from bullish to bearish. The goal is to come out ahead at the end of 30, 90, 180+ days. Of course, practicing with a live, simulated account at first is a great idea. Jumping into live trading with real money without much preparation can be a recipe for failure.
Some of the video covers how to install indicators into NinjaTrader. An indicator can be considered a trading system. We like to think that a trading system is an entire strategy of how and when to place a trade, how to manage it, and when to get out (at a profit or loss). Indicators can also be very simple. The free indicators provided by NinjaTrader do not provide trading signals. However, the ATR and Bar Timer can be very helpful in timing orders and gauging risk.
Backing Up Your Trading System
What do you do with indicators after importing them? We recommend keeping them in an accessible folder or backing them up in a secure cloud account. In the event you get a new computer or a hard drive replacement, you’ll probably want to restore your indicators as quickly as possible.
Some folks are busy working day jobs and cannot practice trading from 9:30 a.m. EDT to noon. This is considered one of the best times to trade. If you can’t leave your day job or install software on your work computer, how can you practice? NinjaTrader has a feature called Market Replay that lets you download market data and replay it as though it’s occurring live. This feature is also called Playback.
Want to get your hands on the ATO 2 and Atlas Line? Contact [email protected] for a special offer. The official ATO 2 and Atlas Line pages contain additional information about each method.