DayTradeToWin Reviews

Learn a Free Price Action Filtering Method: Beware Large Candles

In the beginning of this video, John Paul says he’s going to show something that many traders do not realize when it comes to price action. He soon applies his Atlas Line indicator to a chart and describes conditions related to the Long Atlas Line signal. The ATR indicator with a period value of four showed an ATR value of three at that point in time. Thus, the profit target was three points. He seems to indicate this profit target was reached with a large green arrow pointing up and to the right, roughly characterizing the increase in price seen over eight bars. He said the overall move was up to 10 points, but that was not the actual goal (three points was the goal).

Moving along, he next shows the Trade Scalper on the same chart; a 5-minute chart. He says a 5-minute chart is acceptable for scalping, though the exact conditions are not disclosed. At around the 2:00 mark, he zooms out, allowing viewers to see a number of Trade Scalper signals for the given day.

Next, he returns to the main point of the video, price action trading. He describes the relative normalcy of candle appearance and groupings. He cautions trading in proximity to large candles. These large candles may indicate the end of a bullish or bearish move or pattern. He says the last push, up or down, in the form of a candle, may well exhaust price action without further continuation of the move.

What does that mean for you? When a big candle appears, if you were about to place a trade, you may want to reconsider. There may be a reversal or chop. At around 5:00, you’ll see what can happen after a big candle, which would spell trouble for many traders. Considering this teaching a free price action trading method that you can use as a filter for any trading method.

Pre-market Scalping Using DayTradeToWin Trade Scalper

If you ask a number of successful day traders about trading pre-market, chances are you will get mixed answers along with an abundance of caution. John Paul from DayTradeToWin generally advises caution, but certainly understands and shows many opportunities do exist before the E-mini is considered to open at approximately 9:30 a.m. US/Eastern.

The hesitation involving pre-market trading is the lack of liquidity and big players that generally cause trends seen after 9:30 a.m. However, if you have been looking at premarket activity, at say, 8:00 a.m. to 9:30 a.m. US/Eastern for the last year, you will see significant volatility. This wasn’t always the case. What changed? Much has changed in the world in the last year. Aside from C-19, we have crypto taking the world by storm. Does crypto officially open at 9:30 a.m.? No. Are there massive amounts of money trading in crypto markets? You bet. Can we say with absolute certainty that crypto trading and crypto developments do no impact the E-mini or other “old” markets? Absolutely not. In fact, in recent months, we have seen some of the very companies that make up the S&P start to accept crypto. These expansions have affected their stocks, undoubtedly. That alone will impact the E-mini S&P.

This video shows a real-time Trade Scalper trade based on a signal generated by said software. When scalping, it’s important to get in quickly. If you wait too long, you may not get the best price or the entire move may be over. The signal will appear on the close of a candle, so you can get ready ahead of time. You’re also taught the rules that constitute an entry signal. You’ll know if there’s a good probability the closing of the candle will cause the signal to appear. In other words, you’ll know what the signal software is doing, so you can anticipate when signals will appear. Got it?

So, what about after-market or after-hours trading? Again, off-hours trading is known for slow or choppy conditions. The Trade Scalper is one of the best price action methods from DayTradeToWin to trade because it requires less volatility than other methods. You may want to look at after-hours trading charts to see if there has been decent volatility. Check if the ATR, using a period value of four, has been two to four points. Has there also been consistent direction? If so, successful trading during that time period may be possible. There are no guarantees, so stick with what is recommended or experiment in simulation mode first.

Why Do People Day Trade?

Just because we had a recent day where we broke new highs, that does not mean we should expect fast activity for the rest of the week and beyond. In fact, this video shows John Paul from DayTradeToWin trading the Trade Scalper and Atlas Line in relatively normal to slow market conditions. Why is it important that all of these Trade Scalper and Atlas Line, etc. video exist? People want to see the methods actually working in real-time conditions. Other than conducting time-consuming webinars day after day, the best way to get a sense of how the methods work is to record videos to watch so people can watch (and stumble upon them) at their leisure.

The significance of this video is the pure speed of this trade. We’re talking in and out in approximately one minute. John Paul uses NinjaTrader 8’s chart trader in combination with an ATM Strategy to get the green profit target and red stop lines on his chart. In gold, you’ll see the entry price. Because eight or so contracts are used, each tick up or down represents $100. If one point of profit was made, that’s $400 using eight contracts. Keep in mind, this is before any broker, exchange, or other potential feeds are applied. If you’re having difficulty with the calculation, each tick of the E-mini S&P 500 is worth $12.50.

The ATR is the main free tool that determines how long to stay in the trade, how much profit to go for, how much to risk for the stop loss, etc. It can be found in most trading platforms. If you want to follow DayTradeToWin’s trading style, set the ATR value (the period value in NinjaTrader) to four. This means the last four price bars, candles, etc. are used for the calculation. By default, NinjaTrader uses 14, which would cause the ATR to perform its calculation based on over an hour’s worth of price action. Is what happened an hour ago indicative of what’s happening at the moment? No, in fact, the market can be very much different in an hour’s time. A setting of four is much more realistic in establishing a more up to date of moment/price action potential considering current market conditions.

Yes, it is exciting to see price quickly or slowing approach a profit target. It may be even more exciting (and stressful) for price to nearly hit your stop loss and then retrace into victory. This excitement is what draws many traders to their charts every day aside from the income possibility. If trading was entirely boring, you would not find the enthusiasm across the industry, as can be seen in many testimonials and presenters giving their take on various stocks, news, politics, and how markets are expected to respond.

Trading E-mini S&P Price Action Record Highs

With the E-mini S&P finally pushing beyond the 4,000 level, we have a new record high. Can you remember not too long ago when breaking 3,000 was a big deal? It makes you think of inflation, doesn’t it? Regardless of the underlying currents and who or what manipulates the markets on a regular basis, we can still find entry opportunities as seen here. You’ll see a number of Long opportunities that coincide with the bullish trend. It’s John Paul from DayTradeToWin using the method.

Notice anything unusual about the chart in the YouTube thumbnail? Hint: it’s a range chart. That means every candle is going to be set at a certain height or capped at a certain value, or range, of price activity. This is a 2-range chart, so every candle represents two price movements: two ticks of movement that is, regardless of however much time it took for two ticks of activity to occur.

The yellow line on the bottom that looks like Bart Simpson’s hair is actually the ATR. It’s entirely unusable on an range chart. ATR means “average true range” and if the range of each candle is already “locked in” at two ticks, there is no point in calculating an average, so don’t use the ATR with a range chart. With purchase of the Trade Scalper, you’ll learn how to trade range charts, including what profit target and stop loss to use. Range charts are great when the E-mini or other futures are slow. However, when the E-mini is fast, the range chart will be moving too fast to be worth trading.

By the way, the Atlas Line software can also be used for scalping. The longest an Atlas Line trade should extend is approximately 20 minutes. For many traders, such a relatively short period qualifies as scalp trading. Typically, the maximum Trade Scalper trade is about five minutes. The real-time market activity will determine the duration. The time-based stop is what “gets you out” after a certain period. Note that it’s not possible to set a true time-based stop loss in NinjaTrader, so you’ll have to pay attention to passing time using minute-based candles or whatever within NinjaTrader.

Day Trading School for Beginners and Pros Alike

If you read our last post, you would have seen why the DayTradeToWin 8-Week Mentorship Program has been one-stop shopping for people who want to become pro day traders. This video goes even further, explaining what you’ll get (and learn) week by week. You’ll see signals for many of the methods. If you’ve been on the fence, this video may just convince you to enroll. New classes occur every month, so check out the official Mentorship page for the next class date and times.

Week 1 focuses on the ATO 2 method. That will help you identify what is typically the first trade of the day.
Week 2 uses a tick chart with a specific value to find Price Action Scalping opportunities. This method is exclusive to Mentorship, as it cannot be purchased standalone.
Week 3’s Blueprint Method uses a 5-minute chart, typically. This is a universal price action trading method that focuses on a specific candle pattern.
Week 4 moves you through everything that is the Trade Scalper. This method can be purchased standalone is highly popular.
Week 5, you’ll be learning the Roadmap. For many, this is the most coveted of all the techniques taught in Mentorship. It is exclusive to Mentorship and can serve as a filter for all of the other methods.
Week 6, the Atlas Line is added to your trading plan, offering yet another filter as well as a complete system to identify opportunities with signals.
Week 7 & 8 are the final two weeks that teach the ABC, News, and other techniques. Review is incorporated. The focus is also to bring everything together in one complete plan.

So, are you ready to change the way you trade forever? Mentorship is waiting. Take the leap that so many other traders have. It’s time to start winning and time to stop guessing and seeing patterns where there are none. May you find true success in your pursuits!

S&P 500 Goes Long to New Heights + Winning Signals

If you were one of the traders who kept betting the market would go short, I hope you quit trading early or changed your positions. The Atlas Line and Trade Scalper software from DayTradeToWin correctly predicted where price would go. This was one of those big up trending days. Indeed, we saw no shortage of signals. The Atlas Line provided plenty, including an early main Long signal early on followed by abundant Strength and Pullback signals. The Atlas Line makes it look easy.

The Atlas Line can be used for scalping, but what if you want a dedicated scalping method? What if you want to go for many quick trades all the time each with a small profit potential? That’s when you’d use the Trade Scalper. That’s covered in the video at the 3:30 mark. There’s not much configuration needed. You could adjust the filter if you want to filter out signals when the market is too slow (i.e. when the ATR is below a specific value). You can apply the Trade Scalper and Atlas Line to the same 1-minute or 5-minute chart. What chart type you use will be based on preference and current market conditions. The 1-minue chart is better under fast conditions.

You could purchase both methods with Lifetime Licenses individually or you could go with the 8-Week Mentorship Program and get all courses and software with Lifetime licenses. When considering what you get with the complete package, Mentorship is the best value. Some methods are exclusive to the day trading school, such as the Blueprint and Roadmap. It’s best to have a complete trading plan rather than hitting roadblocks, guessing, and getting frustrated. With Mentorship, you get training videos for each class. Training is twice a week. If you’re serious about trading, it’s the most comprehensive and complete package offered by DayTradeToWin, an educational company in the trading space that’s been active for over a decade.