Range Charts, Stop Losses and Yo-Yo Bars

Courtest of NinjaTrader, John Paul from Day Trade to Win is brought forth to explain why all of the indicators you have are pretty much worthless. As an advocate of price action, John Paul prefers to use live, plotting candles to determine his strategy. Unlike trading stocks or options, trading futures is occurs more quickly. John Paul’s trades rarely last beyond 20 minutes and can be taken to either the short or long side. NinjaTrader sponsored this webinar. At first, John Paul describes how the Atlas Line works, including its entries and stops. This indicator is not part of the default bunch that are included with NinjaTrader. You have to get the Atlas Line from the Day Trade to Win website as a six-month or lifetime license. At about 23 minutes into the video, you’ll learn a free trading strategy – one that you can immediately apply to your charts today. By understanding what Yo-Yo Bars are, you can avoid choppy back-and-forth price movement and capitalize the overall movement based on the market “trying” to move. It’s a forward-thinking way to look at price action for analyzing trends.