Today, the opening price on the E-mini S&P was (1770.75). The day’s high price (1771.25) was hit at 9:50 a.m. US/Eastern time. The day’s low was (1742.25) at 3:55 p.m. US/Eastern time. Chain-store sales are mostly positive, but not by much. Compared to September, slightly more chains are reporting higher year-on-year sales rates in October, which appears to have gotten a lift from cold weather that boosted demand for seasonal goods. But the government shutdown was a negative, holding down spending in the first half of the month. The weekly chain-store reports have been mixed with slight monthly strength to weakness. Vehicle sales posted by manufacturers on last week’s calendar is another indication that October retail sales are flat. The October retail sales report was delayed slightly by last month’s government shutdown and will be posted on November 20.
Price action scalp trading – ever heard of it? Learning to scalp trade is an essential skill for any day trader. It can be used at any time of the day; even on days of low volatility. That’s because the trades are based on subtle price movements.
As the instructor of the Trade Scalper course, John Paul demonstrates how to trade for three ticks in this video:
This is just the tip of the iceberg – learn more in the upcoming free webinars:
Thurs. Nov. 4 at 7:00 pm EST to 8:00 pm EST
Tues. Nov. 9 at 7:00 pm EST to 8:00 pm EST
Thurs. Nov. 11 at 7:00 pm EST to 8:00 pm EST
Mark these dates on your calendar and head over to the Trade Scalper website to find out more. They offer the first three chapters of the full course for free.
Remember the following when scalp trading:
- Watch out for slippage when using market orders.
- Keep your stops and profit targets where they are. Only change them if you’re exiting a trade.
The price action trade scalping course from TheTradeScalper.com came to a close July 2, 2010. For those who were able to attend throughout the week, lucky you! Each day, traders were able to follow instruction John Paul as he sliced, diced and scalped his way through the E-Mini S&P, capitalizing on ticks and time frames.
Check out this video where he discusses holidays and the affect on the market:
John also gives recap of the win to loss ratio for the course, as written from the video here:
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
TheTradeScalper.com will be updated the next time the course is available. We will also post here – so price action traders, stay tuned!
Professional scalp trading techniques that actually work from thetradescalper.com
TheTradeScalper.com course is now available and accepting students! Every so often, this site opens for individuals interested in exclusive scalp trading methods. What are scalp trading methods? As described on the Trade Scalper website, trade scalping allows online day traders to get in and out of markets quickly, filling orders using small price changes. Scalp trading works for all markets, from the E-Mini S&P to commodities like Crude Oil.
Check out this price action trading video where John Paul demonstrates scalp trading:
You can receive the first three chapters for free by visiting TheTradeScalper.com. The first few chapters contain good advice about setting up NinjaTrader, choosing a broker, and the proper mentality to adopt for price action trading.
Also, recent footage (we’re talking the last two weeks) have been posted of these scalping methods in action, earning profits on a daily basis.
The only requirement for the course is a reasonable understanding of NinjaTrader. Scalp trading is an excellent tool for day trading beginners and professionals alike.