John Paul talks about the news indicator at about five minutes in.
If you have a large, multi-monitor setup, one of your screens is likely dedicated to display news updates. Many traders prefer the Bloomberg or Forex Factory Calendars. While these are great sources, they require the trader to manually refresh the web page instead of focusing on a chart.
NinjaTrader users can now rest easy as a news indicator has been released. Day Trade to Win explains how the indicator works on their download page. In addition, watch the video above around 4:30 to see a live demonstration. Note how each announcement is color coded based on severity (ex. – red for high priority).
Identifying news events is important as many retail traders prefer to stay out of market several minutes before to 15 minutes after the announcement. News can result in volatility of unexpected direction. Positive news does not produce bullish price movement. The inverse is also inconsistent. A better way to trade news events is linked to on Day Trade to Win’s videos page.
Let’s face it. Sometimes markets are dead – they hardly move and are untradable. In these situations, we have to switch to an instrument with greater volatility. In most cases, you can find liquidity in the CL, TF or GC futures. Trading is certainly an investment. You want to be as accurate as possible with each trade; filtering the chop and entering when a clear direction will soon be provided. Believe it or not, there is a system that works across futures, currencies and commodities. It’s not like other indicators that need constant adjustments. It also works with NinjaTrader, eSignal and TradeStation. More on this later…
Every now and then, I attend one of the price action webinars at Day Trade to Win to see how well their methods perform live. About once a week, John Paul will open his room to the public, inviting questions and showing his live charts. He also posts the recordings afterwards (see the video above). In the video, he uses one indicator (the Atlas Line) across the CL, TF and GC. Entries are provided automatically, either long or short. More often than not, price seems to magically comply with the order. Atlas Line traders know when to enter, the direction and when to exit (both at profit and when the trade goes against them). Having a complete strategy is the responsible way to trade. The Atlas Line seems to be the real deal, as I’ve heard from its users, seen the results and agree with the idea that price should prove how we trade.
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.
If you took the top ten E-Mini day trading systems and truthfully ran them through a profitably test for five consecutive days, chances are you would not find one that produced a net profit each day. Over the course of a week, you’d likely have a couple systems that delivered a net profit (once again, this is a weekly estimate). Days with huge losses can turn an account upset down. This is why a system that shows how to properly manage trades and reduce risk through stop losses is essential. Day Trade to Win’s ATO (At the Open) course does exactly this – the profit targets are respectable. Also, traders using this price action method won’t be subject to over-trading, as the objective is capitalizing on the E-Mini’s first big move of the day.
The ATO course is less than $600. As you can see from the video that shows five days of profit, the course can quickly pay for itself even with trading one contract. As ATO creator John Paul says, the ATO also works with currencies “that move.” The Euro is an excellent market for the ATO because of its worldwide popularity.
Right now, Day Trade to Win is offering $60 off its ATO course using the coupon code ATONEWS at checkout. The live training session is usually scheduled within a week of purchase. You can see how the ATO was plotted for the current day and last few days while asking questions.