Today, the opening price on the E-mini S&P market was (1765.50). At 10:00 a.m. US/Eastern, the day’s high was (1770). The market’s low price point, (1760) was hit today at 11:10 a.m. US/Eastern. For the first time since April, the Gallup’s Job Creation Index has registered below +21, at +19. The index for October 2013 is similar to the October 2012 average, but is still higher than the low levels seen from the second half of 2008 through 2011. Gallup began tracking job creation in 2008. The index score from last month is tied for the most positive for any October since Gallup began tracking job creation. Federal worker reports of net hiring fell six points to minus 10 in the last month, most likely a result of the government shutdown. Net hiring reports among local government workers were just as bad, loosing six points for a score of +9 in October. State government workers net hiring score also dipped from +17 to +14. Overall, net hiring fell slightly in October mostly due to less hiring at all levels of government. Hiring still remains stronger than in recent years, with only federal workers reporting more layoffs than hiring.
Today the opening price on the E-mini S&P was (1733.75). The day’s low was (1730.25) at 10:35 a.m Eastern time. The day’s high of (1740.25) was reached at 2:50 p.m. Eastern time. On the Bloomberg Economic Calendar today, there were no significant reports that would indicate any major market movement. In the morning, Richmond Federal Reserve Bank President Jeffrey Lacker gave a speech where he spoke on the issue of “too big to fail” for financial institutions. He said it would be a “daunting” task to develop a resolution plan for allowing big banks to fail. Later in the day New York Fed President William Dudley was scheduled to speak; however, he did not address monetary policy.
As a trader, you’ve probably looked at many indicators, automated systems executed by brokerages and mathematical formulas. If you don’t have the time to actually watch charts and place trades, an automated system might be your only bet. Then again, why would you trade futures unless the brokerage could provide sufficient proof of profits? It’s always better to be in charge of your own trades – to control your profit targets and stop losses. The Atlas Line from Day Trade to Win bridges the gap between the world of somewhat tedious, manual trading and the convenience of automation. The Atlas Line is software that provides exact entries, either long or short at opportune times when price is most likely to either rise or fall in the specified direction. You can add an alert sound when an entry is plotted, so you can put down the newspaper from the other room, run to your computer, and place a trade. How do the stops work? Easy enough – you’ll learn exactly where to place them by attending the live training program that’s included with purchase. Additionally, you’ll learn how to place the proprietary Strength and Pullback trades.
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.
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Once in a while, we like to take a break from looking at charts and focus on other traders, how they trade, and whether or not their methods work. Day Trade to Win has released another video testimonial. This time, it’s of a trader named Sifiso from South Africa. Using the popular Atlas Line trading software, he claims many straight wins with very few losses. The same holds true for his use of the Floor Traders Secrets method; consistent profits with few losses. The Floor Traders Secrets Manual is Day Trade to Win’s most inexpensive day trading course. Using “trading based off the five,” traders can hope for a point or two almost every day. This “secret” price action method was taught to John Paul by floor traders who use a it for market manipulation. Since the setups are based on direct human intervention, they’re very easy to recognize. This course is also called the X-5 trade and compliments other price action strategies.
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.