Day Trade to Win’s John Paul privately teaches his students the art of price action trading. Since many of these lessons occur during peak trading hours (from 9:30 a.m. to 12:00 p.m. US/Eastern time), John occasionally takes a live trade while teaching. Why ignore these opportunities that have a high profit probability? Showing how the method works live helps each student much more than simulated trading. Additionally, students become more confident with each price action method learned.

This video shows John teaching one of his students the Atlas Line software. John enters the trade Long as price has two closings above the plotted line (pink dashes). This entry is marked by the green signal produced when price is at 1266.75. Don’t panic when you see that large stop in place – John uses NinjaTrader’s Chart Trader to drag the stop to a more reasonable position. The three stop strategies (Catastropic, Time-based and Prove-it) are explained in the live training that’s included with purchase. Profit targets are always based on what current market conditions can substantiate, so you’ll also see this gap reduced to a more reasonable level. You can be certain that the rules are always clear and objective – no gray areas like in other day trading systems that keep traders guessing.

Visit these links to find out more:

Atlas Line
Private Mentorship

We were very fortunate to find Day Trade to Win’s instructional video for trading news events. In under seven minutes, John Paul, DTTW founder and day trading coach, outlines a specific price action strategy you can use to take advantage of price right after a news event occurs. You’ll quickly understand the method and be able to apply it to your preferred charting software almost immediately. Always consult Bloomberg’s Economic calendar first – check for red star events. These red stars indicate market-moving news, usually related to U.S. financial reports and economic outlooks (jobs, growth, real-estate, etc.). If you’re using NinjaTrader, pull up the latest day with a news event and see how the strategy worked. It won’t work 100% of the time (no strategy ever does), but we’ve seen a very high rate of success overall.

This is the type of price action trading that Day Trade to Win teaches – raw, uncut and explained in simple terms. This week (the first of January, 2012), there’s a brand new Group Mentorship session where you can register to learn a host of price action strategies. Traders learn how to quickly adapt to any market’s price action, manage risk and quickly switch between strategies depending on what price is proving. Visit the Private Mentorship registration page to find out what all the talk is about.

For a limited time (through the end of December), Day Trade to Win is offering a reduced 2011 price. Prices will likely increase in 2012. Since the program begins in 2012, it’s good to capitalize on the savings early. Register for the coaching program to be part of a team of professional traders. There’s no better time to start – 2012 is a new year after all!

Day Trade to Win’s ATO (At the Open) trading course teaches traders of all experience levels how to consistently profit from the ES’s (E-Mini S&P 500) opening move. Since this type of trading is based on the given day’s price history, the method is inherently accurate. The goal of the ATO is to make two to four points every day before noon. On occasion, the ATO software will produce signals in the afternoon hours, but these signals are far less reliable than those produced earlier in the day.

As you can tell from the video, the software provides an entry price and direction. The PDF course and live training covers the types of stops, orders and management strategies. Just this year, John Paul modified the course slightly to better reflect how the E-Mini trading has changed. Considering the low cost of the course (under $600 last time we checked) and the video proof of at least 5 days of straight profits, grabbing this course is a no-brainer. Throw in the live training session, and traders will surely walk away having learned a powerful e-mini trading strategy.

Day Trade to Win just posted their Atlas Line results for the last five consecutive days. For those who are unaware, the Atlas Line is a trading system that works for the ES and other futures, currencies and commodities. The software works with NinjaTrader TradeStation and eSignal. The main purpose of the software is to provide Long or Short entry signals at prime moments. Since the software is based on price action, there is no extra configuration. Performance is always based on recent history – no optimization required.

Back to the results – the ES was a bit shaky closing out last week, however, as indicated in the video above, November 15 proved to be the most profitable E-Mini day in the last week. November 15 generated 34 ticks or profit, providing each Atlas Line trade was taken. Considering the overall success rate and verifiable results, the Atlas Line is definitely a great buy for the price, either the 6-month or Lifetime option. Right now, Day Trade to Win is offering 10% off either purchase option by using coupon code 10OFFATLAS. The coupon is redeemable in the shopping cart on the Atlas Line page.

Day Trade to Win is running a promotion for the week – $60 off the Trade Scalper course. The Trade Scalper uses stop losses under six ticks, short chart time frames and minimal risk to rack up points using quick entries at any time of the day. As a bonus, the Floor Traders Secrets Manual is included. Both methods compliment one another. The coupon code is 60TRADESCALPER and is used at the DTTW cart checkout page.

At the end of October, John Paul from Day Trade to Win released a video showing three consecutive days of profitable ES (E-Mini S&P 500) futures. The profits were a direct result of order signals produced by the Atlas Line software / indicator. Since the Atlas Line is based on real-time and present-day market conditions, the system is highly adaptable to the recent volatility E-mini traders have experienced. When using the Atlas Line, the software will automatically recognize profitable opportunities by producing either a Long or Short order signal. This order signal indicates the buy or sell direction to take. In addition, the price is printed next to this signal as a reference. Secondarily, you can rely on the angle of the plotted Atlas Line in relation to price. When price is above the line, long trades work best. When price is below, short trades work best. The Atlas Line is a very simple yet elegant solution for the ES and many currency futures. The included live training and support is truly industry leading, with many Day Trade to Win testimonials raving over support. Two flavors of the Atlas Line are offered, either a 6-month or lifetime license. Even if you have another highly profitable trading method, the Atlas Line makes a welcome addition as a filtering tool.

Tick – tick data
Second – tick data
Minute – minute bar data
Day – daily bar data
Week – daily bar data
Month – daily bar data
Year – daily bar data

To determine what type of chart is better for price action trading (either time or a tick chart), we must first look at how our preferred trading platform, NinjaTrader, builds each bar (or candle, OHLC, etc.).

According to NinjaTrader 6 documentation, bars are plotted as follows (we can safely assume that NinjaTrader 7 is exactly the same):

You can see why calculating a year’s worth of bar data based on tick data would be inefficient, requiring exorbitant processing power / overhead for both the server and your local NinjaTrader installation. In addition, an E-mini futures trader is probably not going to trade based on the past month or year (possibly even the week!). As you have most likely observed, each day is its own, with occasional days of extreme volatility or stagnation occurring successively.

Therefore, the most like chart type you’re likely to use for price action trading is based on either tick or minute data. Not all feeds are created equal, some offer better historical data (if that’s of interest to you – some traders just don’t care). You may want to check various forums for advice on what’s currently the best feed. Keep in mind that many of these feeds come from a white-labeled source, so in many cases, you’re getting the exact same data. There can only be so many connections to the CME’s streaming service.

Now to answer the main question, what’s better for price action, this depends on the type of strategy / method you’re using. Scalp traders prefer charts based on ticks, as these generally disregard time. For example, on a tick chart, the height of each candle corresponds to the rise and fall of price for the type of tick chart (250 ticks, 500 ticks, and so forth). The amount of ticks to base a chart on depends on the average observed range of price. For systems that recognize the best times of the day to trade (using the ABC pattern and other mechanics introduced by Day Trade to Win), a five minute chart produces the best view of market conditions. Consider this to be the amount of action within a five minute time period on an open outcry trader’s watch vs. calculated blocks of price that disregard time.

For those who still doubt the consistency of price action trading, the above video shows how the Atlas Line price action trading software can produce winners on highly volatile days. John Paul puts a live brokerage account behind the 6.25 profit target, with bearish direction dictated by the Atlas Line and the profit target decided by the ATR (Average True Range). To clarify, the ATR is the jagged green line on the bottom of the chart (we’ve had traders confuse the static angle line that appears alongside candles (the Atlas Line) with the ATR. Because the market starts to pick up, John conservatively adjusts the profit target to 4.25 points. This goal is later reached. His only regret is not going for the full 6.25. Using the ATR along with the Atlas Line is discussed in the private training session that’s included with purchase. They’ve mentioned that each Atlas Line customer receives a copy of the recorded session so they can refer back to the techniques at a later date.