tradescalper

John Paul, the founder of DayTradeToWin, is in agreement with other financial analysis regarding expectations for the remainder of 2022 as well as the years 2023 and 2024. The first prediction or estimation is that 2022 price activity will continue descending while fluctuating. In other words, the expectation is a choppy gradual fall. He provides some key price points, and these are worth paying attention to. If those key points are hit, the expectation is that 2023 will end in all-time highs. An unprecedented buying opportunity could be underway. Such activity involves swing trading. Swing trading is when a trader holds a position longer-term than intraday. But when do you buy during this expected long-term bullish 2023 activity? John Paul’s suggestion is to follow the January effect, which calls for buying after price retraces 50% of the way back up to a prior high. The prediction for 2024 is that, overall, it will also be an up year. Why? Traditionally, election years are up years. Of course, you may wait for the January Effect to validate this expectation of the up year. You may find it beneficial to review the January Effect, as it describes how the month of January for each year has a history of exemplifying whether the entire year will be up or down as well as how to swing trade bullish retracements. DayTradeToWin offers many day trading methods. The focus is price action trading over other complicated or rigid methodologies. Price action focuses on what is right in front of you rather than advanced concepts or abstractions. For assessing volatility as well as determining the profit target and stop loss, the ATR (Average True Range) it utilized. With knowledge of how to use a signal and the related method, one can place and manage a trade. This includes placing the profit target, stop loss, and exiting as gracefully as possible if the fill has not happened within a given period or under other conditions.

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!

Successful day trading is all about making the correct decision at the right time. All it takes is too big or too low a value, sometimes just a tick, to throw off a trade and cause a loss. Rather than guessing these values, it is best to keep a consistent and flexible strategy. Otherwise, if you are random with guessing a value to use, how are you ever going to get an understanding of what works? You’ll be experimenting with random date. That’s a sure way for no progress To go a step further, one can argue that it is better to stick with a losing, but consistent approach with objective rules because at least you will be learning something on a consistent foundation. Of course, losing money is to be avoided as much as possible. This simply describes an aspect of the learning process. Watching this new video, you’ll see a great Long 3818 signal from the Trade Scalper software from DayTradeToWin. Scalping goes for small amounts many times per day with a quick in and out for each trade. The ATR (Average True Range) is used with a period value of four to determine the profit target and stop loss for each trade. This ensures only the last four bars are used in the calculation rather than the default value of 14 in NinjaTrader’s ATR indicator. In effect, you have a more recent sense of what the market can reasonably “do” in the moment if the last 20 or so minutes are considered (i.e. last four bars on a 5-Minute chart). In contrast, John Paul believes the default 14 value is far too great a duration for real-time applicability for guiding the profit target and stop loss. Note that on a 1-Minute chart, an ATR value of four would simply be four minutes, as each of the last four bars represents a minute of price moment. For some price action methods, when the ATR exceeds five points, it may be high time to switch to a 1-Minute chart, where the signals will likely still work and the profit and stop loss more reasonable for the average trader. John Paul shares a solid piece of advice, here. Use as much time as you need to simulate trading in a real-time environment. Use NinjaTrader’s Market Replay if you need to. Really get a sense of how the methods work in real-time. Observing historical price action with signals is good, but you need to see how and when those signals appear in relation to the candle and the sequence of action to be taken thereafter: trade placement and management, mainly. Once you see success per the trade performance reports, consider trading the Micro E-mini first. This way, the same price action of the regular E-mini is present, though the financial consequence is lessened. The Micros are less expensive to trade. You see, when real money is in play, some traders really struggle with the psychology of it all. This is why the more affordable Micros offer a set of training wheels before removing them and pedaling full force in the regular index futures with the rest of the trading world.