Here’s the latest DayTradeToWin video in which many trading signals are reviewed. First, we start with the Atlas Line trading software. As demonstrated about 2:00 into the video, the signal did not work out. That’s just a part of trading. Sometimes, additional signals the same day will set you back on the path to profit. Other times, you’ll hope to make profit the next day or thereafter. The idea is to have consistent wins over a specific period of time, which could be 30 days or longer.
If you had the ATO 2 and the Atlas Line or the Trade Scalper and Atlas Line, you could say to yourself, “I am only going to take signals from either system (or both systems) when both signals agree on the anticipated direction and the signals occur around the same time.” If you do just that, as demonstrated in the video, there can be great results. However, such results cannot be guaranteed – “can” means “possibly,” which is not as definite as “will.” The market will do what the market wants to do. Again, it’s a matter of cumulative wins outsizing cumulative losses per period of observation.
Adding a third method to the chart to get a third opinion can also be helpful. That’s what happens here when the Trade Scalper is added. Notice how there are multiple Short signals for all three systems that “follow” the price movement down? That was a great area of opportunity for winners. The following Strength (S) and Pullback (P) signals represent additional opportunities from the Atlas Line, however, some of those signals did not work out. Do you notice any additional signals from the ATO 2 or Atlas Line around that time? No. Well, that’s exactly demonstrating why it’s important to use multiple systems!
For a long time, the DayTradeToWin website and YouTube has been populated with new trading videos showing various trading methods and performance. The Atlas Line, ATO 2, Trade Scalper, and Roadmap have appeared most often recently. There are only so many ways to demonstrate performance – many videos throughout the years is one such way.
In this new video, you’ll see the Atlas Line produce a short signal followed by a couple of Trade Scalper signals. Are both methods included together? No, they’re sold separately unless you participate in the eight-week Mentorship Program.
Most of the focus, here, is the Atlas Line. You’ll see more of it in the second half. Strength signals cause John Paul to place a trade. They can be recognized by the small “S” characters above or below the candles. The ATR (Average True Range) indicates the Long trade should have a profit target of about three points. Five contracts are used for this trade. This amounts to a trade worth $750 before any commissions or fees. Please consider all trading as simulated.
How was this dollar amount computed? For the E-mini, the smallest price can move is a tick. Each tick is worth $12.50. What’s a point? Four ticks. Therefore, a three-point profit target using a multiplier of five contracts equals $750. Keep in mind, not everyone has the money to trade with five contracts. DayTradeToWin encourages practice in simulated mode for some time. Then, you may want to consider graduating to the Micro E-mini (MES in NinjaTrader). After that, the E-mini can be traded with the $12.50 tick value as described previously.
Eliminating guesswork by relying on a trustworthy trading system is what DayTradeToWin aims to provide.
Do you know what trailing stops are? Do you think they can only be used to “lock in profits?” In this video, John Paul from DayTradeToWin explains a whole new way to use them. Essentially, he uses trailing stops to more cautiously go for greater profit targets. This is what you see via the 2x and 3x ATR text in the video. If you apply a trailing stop too early, it’s possible you’ll get stopped out with random market fluctuations. Thus, John Paul proposes adding the trailing stop later when the time is right.
Long and short signals can excite all sorts of possibilities in the trader. Are you disciplined enough to stop trading after a few wins? Scalping is one of the most alluring ways to trade because of the constant opportunities and fast pace. You’ll need to quickly size up market conditions to know whether the trade is viable. Because speed is important to scalping trades and trailing stops, it makes sense to use NinjaTrader’s ATM Strategy feature to preconfigure common profit target and stop loss values.
The SuperDOM presents a drop-down list containing preconfigured ATM Strategies. After experimenting with the Trade Scalper for some time, configure the most common ATM Strategies you’ll need. When you’re in a trade, you can click the most appropriate one. This will help ensure your passions or aloofness won’t get the best of you. Successful trading is about finding winners AND mitigating loss. Having a good, low-cost broker is important, too, because of the round-turn commission rates on each trade.
Do you need to take every signal? No, in fact you can filter the signals using the ATR. This is taught in the Trade Scalper course. You can also combine it with your existing trading methods. John Paul often uses the Trade Scalper and Atlas Line together. The Atlas Line can be used like a long-range estimation of where price may go. While price is beneath or above, scalp in that direction when the scalping signals present themselves.
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.
Want to trade two types of charts in one chart window? This video will teach you how. Doing so will quickly let you get a glimpse of different types of market activity. You can run a 1-Minute chart alongside a 5-Minute chart, for example. On each chart, you can have the appropriate indicator. In other words, you could scalp on the 1-Minute chart and using the Atlas Line on the 5-Minute.
It is also possible to add a panel for the ATR and place it in between the two charts. The video shows this. This is a good configuration because you can see when signals match up or confirm one another, or when one filters out another, in order to decide to take a trade or to skip. Because the ATR is used as a volatility, profit target, and stop loss indicator, it makes sense to have its position centralized within the chart.
In case you are wondering, the Trade Scalper is used in this video. A 1-Minute chart is on top and a 5-Minute chart below. One DayTradeToWin testimonial is written by someone who likes to confirm movement on both chart types. He does not indicate that he uses the Atlas Line or any other indicator. This may be an indication he’s only using the Trade Scalper, which is interesting, because it may appeal to you as all all-encompassing scalping trading method.
If you prefer not to have multiple chart types within one charting window, you may separate charts into tabs using the tab area on the bottom of the chart. This way, you can select among the tabs/charts as needed. If you happen to look at multiple charts on a regular basis, perhaps having multiple chart windows will be your best option. In that case, you may want special software to position these charts to maximization organization and screen space. The DayTradeToWin website discusses software that will help you do this.
Advanced traders are encouraged to watch these videos as well. DayTradeToWin has taught thousands of people about trading using price action. There’s no doubt some of these people are advanced traders. In fact, some of the DayTradeToWin testimonials say that success was finally achieved after many years of trying various types of systems. Does that sound like you? They’ve also helped people who have never even looked at a trading chart for more than a half-hour. And if you’ve had some time to get familiar with charts and trading, but do not consider yourself a pro, then there’s much to learn as well. You see, the approach John Paul, founder of DayTradeToWin, takes is much different than anything else out there.
Here we have his latest price action webinar split into two parts. He begins by discussing his general approach, risk management and what price action means. The ATR (Average True Range) is the indicator that dictates much of his trading. For just about every trade he takes, he looks at the ATR to determine the profit target and stop loss. You can think of the profit target and stop loss as the reward and risk potential, respectively. In the NinjaTrader chart, the ATR typically appears at the bottom. John Paul has thickened the line and changed the color to a yellowish gold.
The Long and Dbl Wick Long signals that you see belong to the Trade Scalper indicator software. There are different price options for the course and software: 6-Month or Lifetime. If you’ve been following John Paul for some years, you may be ready to jump into a Lifetime license. If you’re just getting your feet wet, by all means, consider a 6-Month License. Toward the end of this first video, he explains what counter-trend trading means.
Moving forward, we continue with John Paul’s explanation of counter-trend trading. He discusses more price action dynamics then goes into overbought and oversold market conditions. This is similar to the large candle explanation he gave in another recent video.
There’s also some time spent scrolling through the charts, so you can see all of the recent Trade Scalper signals: good and bad. He readily points out a Long signal that wasn’t so great, as the market soon turned around. To mitigate against some losses, he recommends using three different stop strategies: a time-based stop, a prove-it stop, and the catastrophic stop. The catastrophic stop is used as safety net and is the default stop applied when he places a trade using an ATM Strategy. If the trade doesn’t go well, he can try to lock in profit or close it out according to the other two stop loss rules.
Pre-market trading tends to be slower, so if you’re awake at that time and ready to go, be warned. We find that scalping is the best way to go after-hours or pre-market. The reason is that scalping goes for smaller profit targets, generally, which are par for the course in slow conditions. The video shows many Trade Scalper signals from about 2:30 a.m. US/Eastern time to about 9:30 a.m. From 9:30 a.m. until 4:30 p.m. US/Eastern or so is considered the normal trading day where one can expect normal conditions (with great diversity).
Once the market opens, you begin the day session. The signals that appear soon after the market opens, say, within the first 15 to 20 minutes, are often best avoided. Why? Because there’s a bunch of random, crazy activity that often occurs at market open. Wait until time has moved onward. In addition, look out for news events, as present additional periods of volatility in the morning.
At about 2:30 in the video, you’ll see the Trade Scalper working on the 1-minute chart for a real-time trade. John Paul from DayTradeToWin is in the market, going Long, in real-time, with eight contracts. Not everyone has the cash to trade with that many contracts or far more. That’s actually ideal. The reason is you want to work your way up even if you have a lot of risk capital. Start off practicing with free, real-time simulator data for the E-mini or Micro E-mini. From there, gauge your success. If good after a reasonable period of time, consider opening an account and trading one Micro E-mini contract. That way, you aren’t losing a ton of money while you gain experience. You could scale up there to multiple contracts and eventually move on to a single E-mini contract where each tick is worth $12.50.
So, what happened with this trade? The profit target was hit. The trade was worth $1,000 before any fees, commissions, etc. You could trail a stop in an attempt to “lock in” any profit target. There’s no need to take every single, either. Take the best ones according to the rules. There’s no need to trade 10+ times per day. Three or four scalping trades per day is good. Go enjoy the sunshine as John Paul says.
Simply put, price action is price movement. If you look at charts, then that price movement will appear as candles (as seen in the video below), lines, or some other visual means. Price action requires two things: value of a market, such as a stock, commodity, future, currency, etc. The second thing is for time to pass. If time was at a standstill, there wouldn’t be any movement. Well, maybe some physics experts can disagree, but we’re talking about conventional day trading, here.
Moving on, we see how price action forms candles over time. Some believe these candles tell a story about where price has been and may indicate where it will go in the future. Do you believe that? If you can “read” price action, some say you can tell where price will go next. And if you can accurately predict where price goes next with better than average consistency, you may be a profitable trader.
This concept is what DayTradeToWin is all about: recognizing specific setups, or price action conditions or patterns, then capitalizing on them using clear rules. John Paul, founder of DayTradeToWin, says he’s been doing this for well over a decade and wants to teach you those same, objective trading rules so you don’t waste precious time and money playing guessing games in the markets.
Who doesn’t like a potential winning shortcut, right? Indeed, he offers a few different courses: ATO 2, Trade Scalper, Atlas Line, and an eight-week, full-package Mentorship Program wherein you receive and learn everything. Want to learn something for free right now? Watch the video above. You’ll learn the free ABC technique straight from John Paul. Does it work? Test if for yourself via a real-time simulated account day after day. Keep track of profit and loss. Let price action prove to you the results.
Are you just using one trading system? Sure, that can work depending on how reliable the signals are. However, for some traders, when they have significant money on the line, they like to get a second “opinion” from another trading system. DayTradeToWin’s John Paul often advises this approach, as demonstrated in his latest video. He’s showing a Trade Scalper scalping signal “confirmed” by an ATO 2 short signal. Both system are confirming the same anticipated market direction around the same time. Sure enough, the market drops soon after. Nice!
The ATO-C is the “Chaser” trade. It’s an optional follow-up signal you can use to potentially find another win or help recover from an earlier loss. Of course, as with any trade or system, there is a potential for loss, so be careful and read all disclaimers.
Later on, there was a third method applied. That’s the Atlas Line and it, too, gave a short/sell signal. While price remains below the blue dashed line (the Atlas Line), the idea is to go only with short trades. Can you see why the Atlas Line is one of the best day trading methods offered by DayTradeToWin in terms of filtering, confirming, and generating signals? It looks at the projected “big picture” for the whole trading day; not just the next 20 minutes. The line itself stays in a constant direction. At a given moment, you can see how far away price is.
Those at DayTradeToWin believe it is less likely for the market to move 10 points in a moment than it is one point, so the same theory can be applied to risk management in terms of the profit target, stop loss, and general trading considering the distance of the Atlas Line compared to the real-time price value.
Are spontaneous news events causing you big losses? Do you even know if that’s the reason for your day trading losses? It could well be. Scheduled financial news is typically released multiple times per week. When the medium or high-impact events occur, volatility can suddenly increase, causing a shift in the market in opposition to your profit target.
In addition, DayTradeToWin teaches a free news trading method you can learn and apply today. You’ll learn it by watching the video above. John Paul discusses the psychology of those who trade news events and common pitfalls. There’s a pop, people and systems jump in late, the market begins to go sideways, positions get reversed, and then there’s a significant move in the opposite direction. See the full, free trading strategy for 2021.
The video shows the Trade Scalper scalping signals for the day. He says that if you look at the winning percentages, you’ll be ahead of the game if you have a plan and know why you’re making every move. There are two ways to get the Trade Scalper: purchase it standalone or get it with the full eight-week Mentorship Program. Both options are covered on the DayTradeToWin courses page.