Zine Trading

Many day trading indicators will have you waiting for that perfect opportunity to enter the market. The Atlas Line™ can be configured to produce audible signals, including visual indicators, for when you should go long and short. Many price action indicators use a dot, circle, or some other temporary symbol that lags behind price. The Atlas Line is plotted beyond the present price bar, allowing you to set up trades in advance. This is a major advantage in preventing stop-outs.

If you were too late to take the early trade at around 9:47 a.m., there were two other opportunities (and counting) to get in and out. No other trading tool (dare we say “indicator”) can match the accuracy of the Atlas Line™ on a daily basis in nearly any market.

Yesterday’s use of the Atlas Line on the E-Mini S&P was fantastic for those who traded it. A double bar long followed by a bounce long signal was given a bit after 9:30 a.m. Following the Atlas Line’s instruction, we entered the trade long. At around 10:25 a.m. we started to panic a bit, however, the Atlas Line proved accurate as usual with price steadily rising throughout the morning. This was one of those days of decent volatility where either scalping would have worked or just riding out the Atlas Line.

See the full-size image here.

As mentioned in a previous post, days of reasonable volatility like these are hard to come by. It’s always good to have a price action indicator / trading system by your side like the Atlas Line just in case.

Online day traders can be separated into two categories:

1.) Those who live and die by third-party chart data, as it is presented by applications called “indicators”.

2.) Those who make trading decisions based price only (similar to real-world floor traders).

John Paul from DayTradeToWin has finally put the dispute to rest in the first round of his article. See which method of trading is better: price action or indicator-based trading.

A trading indicator needs price to first to make a move up or down. Once this move is made the Indicator takes what just occurred and plots a point – line – bar – graph on the chart. The indicator by definition is already late in providing information to a trader about a move up or down in the market which has already occurred.

One may assume that using price alone as an indicator would be foolish; as analysis performed on-the-fly by number crunching advice spewers would be far superior to the observation and analysis of the human mind. We have to remember that the large players in the markets are not robotic traders. They know precisely when they want to enter and exit and how much to invest. The market can be manipulated to their interests, thus removing the predictability indicators have come to rely on. How many times has an indicator advised you incorrectly when price indicated otherwise?

We’ve mentioned DayTradeToWin.com a few times in the past and how effective their products are for price action trading. The ATO (At The Open) course and Atlas Line are two essential assets a price action trader should have. But is that it? The DayTradeToWin.com Mentorship Program fills in all of the missing gaps by providing live instruction where traders can ask questions one-on-one.

Check out this video where a student named Oscar talks about the Mentorship Program and his success:

Oscar was able to change his life around in six short weeks, learning to trade an hour a day, three times a day. John Paul, the course architect and teacher, is very flexible in his schedule to meet the demands of his pupils.

John sums it up best in this description of a potential trader’s approach to the business:

“More often than not, traders without experience jump into day trading without understanding exactly what to do. Would flying a plane without first learning the important steps needed to fly a plane be something anyone would do? The result would be a crash and burn.”

Read more about what John Paul has to say about Price Action Trading and mentorship.

Never day traded before? Looking for a place to start? Have you exhausted all of your options and want something that’s proven to work?

Only one day trading company posts videos and images on a daily basis to show that it’s possible to win in the E-Mini on a consistent basis – that’s DayTradeToWin.com. Sadly (but fortunate for those who have purchased the At The Open course), DayTradeToWin’s ATO course will no longer be available as of July 31, 2010 in order to ensure the longevity of the method.

As seen in the video below, the ATO signal / software (free with the course) is entirely automated, advising traders of the potential opportunities IN ADVANCE unlike other NinjaTrader chart software (that lags).

Earning 2 to 4 points almost every day is entirely possible and is something most traders dream of. Now is the time to fill your order for the ATO course before your stop loss is reached!

Is earning two to four points on a regular basis a fantasy? Apparently the folks at DayTradeToWin have proven that is is entirely possible. With a lineup of price action trading courses and tools (At The Open Method, E-Mini Scalping Course, Atlas Line, etc.), traders are armed to ride the wave of market volatility, and in most cases, knowing where and when to “jump in.”

John Paul, trading mentor from DayTradeToWin uses a few of these techniques in the video below where he earned four points in a volatile day using no indicators!

The best way to “jump in” to day trading is to learn price action (as it requires no prior knowledge of market behavior). The best way to learn price action is through the At The Open Course, which will be available until July 31, 2010.

Nearly 200 people attended the DayTradeToWin.com webinar on July 8, 2010 where John Paul gave traders a sneak peek on how his Atlas Line works.

This is a live recording of that very webinar:

Watch the video to see how the Atlas Line is easily configured as a reference (not an indicator) to price direction in advance. Once the Atlas Line begins plotting, order signals (long or short) are produced at key moments, letting you know how to take the trade. John shows us how this is an effective day trading strategy time and time again. He also answers questions from webinar participants, as the recording and trading was done live on the markets.

Right now, the Atlas Line is available in a six-month or lifetime license. There are a couple of coupon codes posted to the DayTradeToWin Twitter, so take advantage of them before it’s too late!

Scalp trading courses are a dime a dozen. Most of these courses are bound to the behavior of an indicator or other software, offering no explanation as to why trades should be taken or ignored. TheTradeScalper.com course is very different. Trading is done live in the E-Mini S&P market, with live commentary and instruction. This means that traders who use NinjaTrader can learn and trade real money (or in simulation mode) with consultation from the instructor. These training webinars offer the opportunity to ask questions, and see how the markets respond to trade scalping price action methods.

Remember to watch in HD!

Here’s a breakdown of the wins and losses of the most recent courses, held in late June / early July, 2010:

Wednesday, June 23, 2010: 3/3 winners.
Monday, June 28, 2010: 3/3 winning trades
Wednesday, June 30, 2010: 4/5 winning trades
Friday, July 2, 2010: 5/6 winning trades

…All on the E-Mini S&P. The same price action scalping techniques can be used on other markets as well.

To find out when the next scalp trading course will be offered, keep checking TheTradeScalper.com. The main page will update with instructions on how to register.

I came across an excellent article published recently regarding price action trading methods: The Best Price Action Day Trading Guide

In the article, the author defines price action trading as “…a method of day trading in which the primary indicator is price in the absence of all other indicators.”

As discussed on ZineTrading before, price action is our preferred method of trading. It’s simply and highly effective – allowing for profits on an almost daily basis. There are many price action day trading courses out there, but not all instruction is equal. Far too often, these trading courses are poorly constructed: fly-by-night curriculums, impersonal trading videos, confusing tutorials, and outdated material make up the bulk of instruction.

Fortunately, the folks at DayTradeToWin.com have two courses that focus on separate aspects of price action trading:

E-Mini Scalp Trading Price Action Course
E-Mini At The Open Price Action Course

…these two courses compliment each other. The At the Open Course (ATO), focuses on making profits early in the day, by adapting to a specific strategy for trading. The Scalp Trading course focuses on getting in and out of the market quickly, avoiding large risks for frequent profitability.

Both of the course are very reasonable in price for what they offer. A scalp level indicator is included with the DayTradeToWin.com E-Mini Trade Scalping Course.

Indicators are essential tools for day traders as they can summarize information and perform calculations on data from multiple sources almost instantaneously. Far too often, day traders use indicators incorrectly or as a crutch for not fully understanding the markets. Multiple indicators may cause apprehension, as conflicting data may lead a trader to not enter the market when a profitable trade could have been taken.

As a trader, what types of indicators should we look for? What indicators are proven to work? What are the best indicators for price action trading?

All of these questions are answered and more – Day Trading Indicators Top 10 Things to Look For

Day Trading Mike, the author of the article, has compiled a list of everything to keep in mind when shopping around for a day trading indicator. His conclusion is a recommendation of the Atlas Line Indicator from DayTradeToWin.com as it meets all the criteria specified in the article.