If you’ve ever worked with multiple charts of different futures, commodities and currencies, you will see some mirroring of price. In other words, candlesticks will occasionally look similar across the ES, CL and 6E charts if a major news or financial event is occurring. This is true mostly for trends, as we cannot claim every bar is identical. A perfect example of this is shown above. The Atlas Line trading software is accurate in identifying trends before they occur. In the video, John Paul from Day Trade to Win shows the ES, CL and 6E and how the Atlas Line called for going Short prior to price dropping by a few points in each market. Keep in mind, you should be referencing the Atlas Line specifically for the instrument you are trading. We’ve heard of Forex traders who watch the 6E since the price action is nearly identical (only advantage is having a secondary reference / data feed / charting software that may offer different features from what you’re using to trade forex. Another interesting feature with this new version of the Atlas Line is the pullback and strength trades. Plotted on the chart as an S or a P, you can use these symbols for subsequent trades after the initial Long or Short. The Atlas Line is really the perfect system for handling multiple markets on the fly, as there is very little configuration (if any). NinjaTrader makes it easy to save indicator parameters, so if the ES is slowing down, you can open a CL with your custom parameters instantly.
We’ve received a ton of email from traders who want to learn techniques that work across all futures and currencies. Your prayers have been answered. The video above shows three day trading strategies you can use regardless of your charting platform (NinjaTrader, eSignal, TradeStation, MetaStock,etc.).
First, John Paul of Day Trade to Win shows how to trade news events. Contrary to the popular approach, his method does not involve predicting the move of price when the news event is first announced. Instead, he outlines rules to recognize the trade. If the setup occurs, you can then enter the trade according to additional rules. This is a great example of an objective, evidence-based method.
Second, a method for recognizing choppy market conditions is taught. By recognizing the back and forth movement caused by inverse buy and sell orders, you can learn to stay out of potentially damaging market conditions. This is called the “Yo Yo Method.”
The last portion of the video discusses John’s projections for 2012 and 2015. He expects the price of indices to rise by the end of the year as compared to January’s opening price. He also estimates 2015 to be bullish according to a pattern that is said to be 100% accurate for years ending with a five digit. You’ll have to watch to hear his explanation/.
Has a news event ever presented itself suddenly as a disadvantage? Ever wondered whether you should stay in for the wild ride and wait until the news event is over? Can you predict if ‘positive’ news has a direct correlation on price and whether the inverse is also true?
In under eight minutes, John Paul from Day Trade to Win has all the answers and provides you with an EXACT method to trade news events. Here’s a spoiler – the method has you waiting until the news event is over. In fact, it’s best to avoid the initial price movement as the event is announced and until the main activity has subsided. As a trader, you have likely seed the sudden retracements. It’s just too damn risky. Waiting until the event is over and using price as a directive is by far the better solution.
Over the last few weeks, Day Trade to Win has released a few of these handy price action methods. These fall short in comparison to what is included and offered in the eight week educational program called Private Mentorship. In this live training course, Day Trade to Win founder John Paul teaches around 11 or so unique ways to trade price. At the end of the training, students are left with a complete blueprint to handle anything currencies and futures can throw at them, along with risk and trade management techniques. To find out more or sign up for the next group training program, visit the official site.
Sifiso, a self-described trader from South Africa, provides a brief testimonial for Day Trade to Win’s price action trading systems. His experiences are positive, with profitable results for both the Atlas Line and Floor Traders Secrets Manual. For those unfamiliar with the Atlas Line, this software plots a straight (but usually angled) line on your chart to assist with determining whether to trade long or short. The primary source for Atlas Line profits are the order signals, as these exact entries are provided prior to big moves. With the supplies price, direction and confirmation / filtering mechanism the Atlas Line provides, the tool has become coveted among futures and currency traders. The lesser known price action method Sifiso mentions is the Floor Traders Secrets Manual. Also called the X-5 Trade, this method is based on trading the price value of five. John Paul further developed this method based on direct E-Mini market manipulation techniques he learned from floor traders many years ago. In fact, these same CME and NYSE traders use the method today. Unlike other price action trading methods, the X-5 works as a result of direct market movement caused by professional open outcry or cubicle traders.
Right now, Day Trade to Win has a special sale going for the Trade Scalper scalping course along with the Secrets Manual. Both can be purchased from the DTTW site with $60 off using the following coupon code: 60TRADESCALPER
Just like the Atlas Line, the Trade Scalper is an excellent addition to any trader’s skill set, as it’s based on objective principles.
In the video above, Day Trade to Win shows off Atlas Line results for the last three days of the E-Mini S&P. The profits are as follows: +9 points, +4 points and +4 points, totaling 15 points possible for three consecutive days. You can see how in very short time with consistent accuracy, the Atlas Line pays for itself.
Many confuse the Atlas Line as a scalping tool, when in fact, the software is an automatic order signal generator combined with filtering. If you prefer to trade your own strategy or other indicators, you can use the Atlas Line to confirm direction. When price intersects and drop below the plotted line, short trades are advised. On the contrary, long trades work best when price is above the line. The order signals, that either appear as Long or Short with an accompanying price, indicate the exact price your should enter at and whether to buy or sell the market. It really couldn’t be any easier to make money day trading. John Paul, the creator of the software, conducts webinars for customers so they can see how to take each trade and learn the other Atlas Line-specific trade setups (Bounce, Strong and Pullback).
The Atlas Line is compatible with the latest versions of NinjaTrader, TradeStation and eSignal. In addition, it’s commonly used for the ES, 6E, 6C, 6A and other currencies.