How to day trade using price action: Day trading for beginners episode 15: Day Trade Wyckoff Springs

Welcome to Day Trade To Win.com

Today we’re going to proceed with where we left off in the last episode. I showed you how the markets are manipulated to break a support line in order to have you scared out of your position. How the market at that point promptly inverts and begins a new trend in the opposite direction – i.e. in the direction that you and many traders thought the market would go – but everyone got scared out out their positions when the market broke the support line.

This is what Wyckoff traders would call a spring! The market is squeezed together like a spring, and when the tension is released the market shoots right up – just like a spring would do.

I have heard some really experienced price action day traders state that trading these springs is probably the most ideal approaches to trade the markets using price action only. What’s more, I certainly concur, and if you look at the chart I surmise you can perceive the reason why. After the market has gotten through the support, if you look at the chart

Shockingly, it is extremely hard to trade these setups live, on the grounds that it conflicts with all that you have learned about the markets and what’s supposed to happen when the markets break a support line – you will think that the market will descend. So it additionally conflicts with your emotions, beliefs and rationale.

So my recommendation for how you can approach this instead is to let the spring and the subsequent market action run its course – let the market break the low, let it reverse and start moving upwards. Don’t rush into things. Wait for the first pullback. That is when you should enter your position.

In the event that this pullback holds above the previous low, the spring  – at that point it will be a great time to enter your position. In the event that the pullback is on lower volume and smaller candles than the up move then, just like we discussed previously, then that is a very good indication that the line of least resistance is UP – and you can go long!

So, let the market break the low, wait for it to move upwards, wait for the next pullback and enter your position.

You can likewise have the opposite situation for a short trade. Wait for the market to break the high, let it reverse and move down. Wait for the bear rally on lower volume and smaller candles and enter your trade. The bear rally should not reach as far down as the initial upthrust.

So that’s it. That a good price action day trading strategy. It is difficult to trade the spring or the upthrust, anyway if you wait for the principle move and the pullback, by then it ends up being much easier to trade this.

And hey! In just a short time the day trading mentorship program will start. If you’re serious about becoming a day trader, go to daytradetowin.com and sign up for the 8-week mentorship program where you’ll learn great day trading strategies and be coached by a pro trader. Get your free day trading simulator and live real-time data feed for practicing – at daytradetowin.com

Until the next time, good trading!

John Paul Recaps Atlas Line Short & Long Trades

Click here for the Atlas Line page where you can purchase.

Here’s a review of the Atlas Line signals that happened Oct. 8, 2019. If you were using the Atlas Line with the same settings, you would see the same signals. Note the pleasant Short trade that occurred early on and another that occurred around 11:30 a.m. ET. When there are two closing bars above or below, you’ll get a Long or Short signal, respectively. There was a Long signal later in the day that John Paul covers around 3:40 in the video.

We attempt to adopt an objective approach. We utilize the ATR (Average True Range) to decide the profit target and stop loss. It’s imperative to have stops in place to protect yourself. We show you what to use in the training video. The Atlas Line utilizes numerous stop loss strategies. The S and P signals are for Strength and Pullback trades. There are specific rules that cover those signals. You can enable or disable those signals if you don’t want to see them. The Atlas-B trades are for “bounce” trades. These are optional as well. Remember, not every trade will be a winner of course! We happily point that out in this video and elsewhere.

Two Nice Long Signals Start Off This Live Webinar

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Immediately, we can see the ATO 2 and Atlas Line software are in agreement the expected price direction will be long. This is the reason the long (or buy) signal is created. When we see two or more systems confirming the same, we see this as a very positive sign. Did both trades work out? Keep watching. He shows what happened at about the 18:00 mark.

From that point, John Paul recaps some market action that happened earlier in the year. This is to decide if 2019 will be a “January Effect” year. The standard for this is as per the following. If price closed higher than it opened for the month of January, 2019, one may expect the end of the year to close higher than January’s close. According to John Paul, this activity is worth paying attention to because of a decent degree of historical accuracy.

Video: Trade Scalper Live Signals & Order Types

Click here to purchase access to the Trade Scalper course and software

Here’s a glance at recent and real-time Trade Scalper signals. Note that the full form of the Trade Scalper software that you receive as a customer draws a number of lines on your chart. These lines help guide your trading. What are you are seeing in the video is the simplified version for demonstration purposes, although the signals are the same for all versions.

In the video, John Paul covers utilizing the Trade Scalper as signals show up, trade management, entry, and exit. Diverse order types can be utilized: stop orders, limit orders, stop with limit requests, and market orders. Do you know the contrasts between them? Try not to worry because John Paul breaks down each order type. For the Trade Scalper method, you will need to use specific order types because of the goal: many small winning trades.

Did you know that a training video is included with purchase? Yes, you’ll learn how to trade the method exactly as intended.

Also, you will get a copy of the Trade Scalper during the eight-week Mentorship Program. Mentorship is the best and most cost-effective way to learn all of our techniques. We have set aside some of them especially for Mentorship students. The next class begins soonso enroll today to save your seat!

Webinar Recording: Learn the ABC Price Action Method

Whatever market you are viewing: E-mini, NASDAQ, currencies, etc., each exhibits general patterns of activity throughout the day. You will see there are times of fast and slow movement that happens around similar times each day. Sometimes, you can divide the day into three sections: A, B, and C. In the accompanying video, you’ll figure out how to recognize the ABC Method or ABC Pattern. When there’s a breakout after a segment, you can place a trade.

With the E-mini, you can divide the day into three portions starting at 9:30 a.m. US/Eastern. We start at 9:30 a.m. since that is the customary time the market is considered to open. From 9:30 a.m. to noon, that is segment A. From noon to 2:30 p.m., that is segment B. From 2:30 p.m. to 4 p.m., that is segment C. Note segment C is shorter in duration than the others. Look for two consecutive candles closing above or below each segment. That is the entry point.

 

In the video, you will see the ABC Software in use for NinjaTrader. The software plots the entry points easily. Currently, you can get the software by purchasing the ATO 2 course and software or enrolling in our eight-week Mentorship Program.

Atlas Line & ATO 2 Recent Trades: Signal Software

In the video above, see the ongoing Atlas Line and ATO 2 performance. John Paul applies the two two price action indicators to a 5-min E-mini S&P 500 chart. He sees the signals for the main day for the day alongside the entirety of the others going to the live webinar.

Promptly, you can see the Atlas Line signal has every one of the signs of being a winner. Price moved up after the Atlas Line’s Long signal was produced. We likewise had extra Strength trades confirming the anticipated market direction. Do you see the small “S” signals symbolizing the Strength trades? We utilize the ATR (Average True Range) to decide the profit target. For this situation, the ATR was a little over two points (using a Period setting of 4). We round down the ATR, so the profit target there was 2 points. Did you know you can set the Atlas Line to produce trades based on various market open sessions? Indeed, you can make the sign be based on the European open, for example. This is additionally possible for the ATO 2.

If you’re more interested in the ATO 2, jump to the 5:00 mark and review. Like the Atlas Line, the ATO 2 will produce signals soon after the market opens. However, the signals are based on entirely different principles. If you’ve watched some of our videos, you can see how both systems occasionally “agree” on the anticipated market direction. We believe using multiple systems to confirm trades is a great technique. Are you using just one trading system? See what we have to offer. The best way to get and learn everything we have is our eight-week Mentorship Program that begins shortly. Register soon because we have students inquiring daily!

What If You Traded Like This? Atlas Line + ATO 2

Here’s a look at the Atlas Line and ATO 2 in a live trading environment. The first signal for the E-mini S&P 500 (ES) that appears is an Atlas Line Long signal at the close of the 9:55 a.m. candle when the price was at 3094.5. This is a long entry because it is the second close above the Atlas Line (the dashed diagonal line below the price candles).

You can see how the price is plotting real-time, or “live” as we call it. We’re trusting the following candle or candles will surpass the profit target. The profit target depends on the ATR (Average True Range) utilizing a Period value of 4. At the time this trade was placed, the ATR value was around 2 points, so that’s the profit target we used. In other words, we let current market conditions dictate the amount of profit we seek. A less volatile market equals lower profit potential, so we inversely account for this as well.

See the news indicator in the upper-left of the outline? That is a free trading download we have on this site. It’s a decent method to monitor coming news events. For the most part, you need to keep away from large news occasions as they can make abrupt unpredictability. Incidentally, you want to avoid big news events as they can create sudden volatility. By the way, if you enroll in our eight-week Mentorship Program, you can get the version that excludes the advertisement.

Keep watching the video because at 2:20, John Paul shares ATO 2 performance with a confirming Long signal.

Trading With an Edge Against All Odds

Have you been staying up to date with the entirety of our new trading videos? Here’s one more day demonstrating Atlas Line and ATO 2 signals on the E-mini S&P 500 (ES). Likewise, you’ll see the Trade Scalper operating on a “2 range” chart. Jumping right into the video, you’ll see John Paul is in a trade/position worth three points.

The previous trading was a losing short trade. You can see how that unfolded in real-time where the future is unknown. We frequently consider later winning trades a type of recovery, however there is no assurance they will occur. When you utilize the ATO 2 and the Trade Scalper, you will get more signals and more possibilities for recovery. All things considered, bad days can and will happen, so on the off chance that you experience misfortunes early, again, don’t assume you will always make up the difference later via “revenge trading.” Trading is about consistency after some time and that is the objective. To us, two losses often signal a time to analyze the current day and reconsider further trading.

At around 3:00, take a look at the Trade Scalper. John Paul was waiting for the next signal to occur across multiple systems. Compare our various trading systems to see what works best for you. If you want it all, consider our eight-week Group Mentorship Program that begins soon. Reserve your seat while there’s still time!

Is This Our Last Trading Prediction for 2019?

Here’s a follow-up recap video for a 2019 swing trade and what’s in store going ahead. On the news, you frequently hear things like, “We’re at all-time highs. The market will soon crash.” While that might be valid at times, how about we see what really happened. Back on Oct. 11, 2019, we did a webinar with numerous participants. There was a long move recommended by John Paul based on an ongoing retracement. Numerous dealers were keen on this trade. Once the market breaks the highs, there’s often a “pop” or “test.” Once two consecutive candles occur, that can be a good sign to look for a winning opportunity.

As opposed to what pundits say, our mantra is “follow the price”. As opposed to what the media says, John Paul believes the market will continue higher. At about 3:00 in the video, listen to the trading idea that may put you in a good position for the coming holidays. We could be looking at another testing of the highs with continued bullish activity thereafter.

In a month or thereabouts, we’ll attempt to do a subsequent video and check whether the estimations were correct and provide reflection.

Day Trading Education: Guessing Doesn’t Work

Does your indicator actually work for day trading? Here, we have a total of five trades that happened in a few hours. We’ll experience each exchange in real-time so you can see precisely what we did, trade-by-trade. We’re exchanging the E-mini S&P 500 using a 2 Range chart via the NinjaTrader platform.

Click here to look at the Trade Scalper further

With your acquisition of the Trade Scalper, we show you the full rules. This video is just an overview. We’ll clarify more after your purchase. The indicator makes it very easy to find the trades. You won’t have to manually find them yourself, though you can if you want (since we completely disclose the rules).

What do most professional traders share for all intents and purpose? Self-education. Truly,it is possible to learn yourself via trial and error, but losing trades are awfully expensive. Wouldn’t it be smarter and more cost-effective to learn from someone who has already made mistakes and developed methods that have been tested over time? The Trade Scalper has been around for a considerable length of time.

Here’s a real testimonial we received today from a client: “Also, the Trade Scalper on 2-range has been killing it lately. I don’t know if the results are always this good, or if it depends on market conditions, but it might be my favorite strategy so far.” This student has been taking part in our eight-week Mentorship Program and got the Trade Scalper as part of the ongoing education curriculum. Click here to learn about the next class.