Scalping Risk Management for Day Traders

The Trade Scalper has been doing great on an everyday basis. Based on the emails we’ve gotten, our customers have been happy. Watch this video to see a real-time trade with a review of numerous ongoing Trade Scalper signals. Get the Trade Scalper for your own charts or review our other offerings, including our eight-week Mentorship Coaching Program!

Immediately, you can see the Trade Scalper software running on the NinjaTrader platform. It is often used with a 2-Range chart, as seen here. Be careful with signals that occur soon after the market opens, as there are many factors out of your control within the first 10 or so minutes. Scalping with small stops during this volatile period may well cause a premature exit.

If you’re interested in checking out the ATO 2 and Atlas Line, jump to 3:55 in the video. Signals are shared.

How to Day Trade Using Price Action: Day Trading for Beginners – Ep. 2

Today, we are continuing with the series of short, but strong, video lectures on day trading using price action. We will create longer, more detailed and thorough videos for you later, but I want to show the topics in short and simple videos first.

Last time I spoke to you about how I came in contact with day trading using price action and how I became successful with technical analysis some 25 years ago. There are many assorted topics in the “field” of price action that we will need to go through one-by-one. Today, I want us to focus our attention on TRENDS. I don’t know if this is the obvious topic to start with. It might not be, but at the end of the day, trends are going to be the thing that makes you the money in trading, so I think it is a good choice of topic to begin with.

So please subscribe to our YouTube channel to get access to the next video. I’d love to hear comments and feedback on this series, so please comment and like the videos, and make sure you subscribe to our YouTube channel.

Our next 8-week day trading Mentorship Program starts very soon, so please visit our main website https://www.daytradetowin.com to learn more, and check out our software – our strategies are based on price action. All of our day trading strategies, day trading software, day trading courses and day trading mentor are included in the Mentorship Program.

How to day trade using price action: Day trading for beginners Ep. 9: Day trading strategy 1

Today we are going to show you an example of a day trading strategy that is very simple, and it’s also based on ideas from the previous episodes in this series, so it’s 100% based on price action and volume.

We are going to present you more day trading strategies in this series, so make sure you subscribe to our Youtube channel.

The first thing you do is to decide what you are going to trade. At daytradetowin.com we recommend our students to trade the Emini S&P500 – it’s very easy to get started trading the Emini S&P500, and we can provide you with a free day trading platform and free, live real-time data – go to daytradetowin.com to get it.

We hope you like this super simple day trading strategy. In our mentorship program we will teach you more than 10 different day trading strategies that are even more powerful than this one. Our next 8-week day trading mentorship program begins soon, so make sure you sign up while there are still seats available.

How to day trade using price action: Day trading for beginners episode 10: Candlesticks patterns

Welcome to Day Trade To Win – how to day trade using price action – in the current week’s episode we are going to begin looking at specific types of candles and series of candles that you can identify in your charts, and use them to improve your price action trading.

On the chance that you use some software like the Day Trade To Win Atlas Line or TradeScalper to find your trades, you can definitely combine that with reading price action. Our day trading strategies are all based on price action, so it makes perfect sense combining those automatic trading signals with reading price action.

That’s all for today – please subscribe to our Youtube Channel, and please dont forget to share this series of Price Action trading videos in your social media. It’ll make you look great!

In our mentorship program, we will teach you more than 10 different day trading strategies that are even more powerful than this one. Our next 8-week day trading mentorship program begins soon, so make sure you sign up while there are still seats available.

Until the next time – good trading!

How to day trade using price action: Day trading for beginners episode 13: New Highs – how to trade

Hello there, welcome to daytradetowin.com

Today we’re going to take a look at a significant thing in trading, and we’ll also talk about day trading psychology. There will be episodes covering day trading psychology in great detail later on, but I wanted to cover one topic that really shows both trading psychology and price action. If you want to learn more about trading psychology make sure you subscribe to our channel as we will cover that in coming videos.

In any case, today we’re going to investigate “new highs”, and the market psychology or trading psychology that goes together with a new high in the market.

First of all “new highs”, or “new lows” for that matter, are always significant. At whatever point the market makes another high Everybody is discussing it. If you tune in to CNBC, Bloomberg or any tv channel covering the markets you will hear about it. If you read day trading blogs you will find out about it. On the off chance that you partake in trading forums or discussion boards you will hear about it.

The S&P 500 just made a new high, the NASDAQ or the Dow just made a new high. Apple or Facebook made a new high. Or Google made a new high….

The same applies when the market is in bearish mode and makes new lows, or some popular stock is crashing and makes a new low. You will hear about it.

What’s more, when we hear of these things, when everybody’s discussing it – without a doubt there will be a great deal of interest in trading that, and a lot of trading going to happen at these levels.

So, what are new highs really. Once in a while, during exceptionally bullish periods the market makes new highs pretty much each and every day – and despite the fact that that is something that leads to a lot of interest and a lot of demand – catching wind of the market making new highs every day, and does not seem to stop. It is going to the moon.

But then the most important new high is when the market has been in an uptrend, then pulled back and then breaks out of the previous high. That’s also the easiest time to be trading these situations.

Same thing in a down trend, the market rallies and then reverses and starts moving downward again breaking down through the previous low.

Now, all of this is usually more significant if you’re swing trading. Because swing traders are looking at the same time frame as the talking heads on TV and the general public. We have a lot of traders who both swing trade and day trade and I do recommend that because you get a whole new way to diversify and spread out your risk. But for day traders, any time period when there is a lot of interest in the market will bring more volatility, more liquidity and that’s good for day trading.

But you can and should be looking for New Highs in day trading as well, and new highs are usually found when the stock breaks out through resistance or support. The stronger support or resistance the more important will the New High or New Low be.

We covered this in an earlier episode. So what you will see is the market breaking through, and volume picks up – more and more traders notice the break out – the new high – and together push the security upwards, through, and away from the resistance because of all the demand that enters the market.

Everybody wants a piece of the action – that’s where the trading psychology comes into play. When you see a stock, currency or commodity make a new high – you see all the trading, all the volatility – then more and more traders get interested in trading that particular instrument.

The traders don’t want to miss out always. Traders fear missing out on a big move. That’s what happens, that’s pretty much how the market psychology works in this case. More and more traders will start trading emotionally, they feel they have to get in, they have to trade, although the market already made a big move.

Then, when everybody who wants to buy have already done so, there will be a pullback on lower volume. Why is that? Because there is not as much demand anymore. More and more traders or scalpers who bought at the top after the breakout, these guys will start selling because the market seems to head downwards and they’re not making any profit on their trades, and the reaction causes short sellers to enter the market. So less traders are buying and more traders are selling or selling short.

This is also something we talked about before. This is a very good time for you to enter your position: There was a break out and a big rally, then the market pulls back and again continues its move upwards. When that happens again, more and more traders will participate in on the up move. If you buy when the market reacts and pulls back, then you will have no difficulty getting in at a good price – you are not competing with a bunch of other traders for the best price.

We’ve had a lot of interested people in our day trading mentorship program recently, so we have a new mentorship group starting soon. There are a few seats left, so go to DayTradeToWin.com to find the dates and reserve your seats. We have 10 different day trading strategies that we teach in the program.

We also have individual training courses, strategies and software available for you so you can get a head start in day trading.

More videos are coming up soon, so make sure you subscribe you our day trading YouTube channel and please share with your network. Until next time, good trading.

How to day trade using price action: Day trading for beginners episode 14: Fear, greed, hope – day trading emotions

Hello, welcome to Day Trade To Win!

During the last week we were talking about about day trading psychology or market psychology. When the markets create a new high, many traders want to jump on the bandwagon because they fear missing out on a big stock move. And there are also other day trading emotions involved, like greed and hope. Any emotion that a day trader feels will most likely be detrimental to his or her trading.

Day traders are very greedy people, no doubt about that. And when the market creates new highs, day traders will be hoping that the market will continue upwards and they will make a lot of money day trading that move.

In any case, in the event that we dwell somewhat further into trading psychology and emotions in trading we can proceed with where we left off in the last episode when we examined the day trading feeling of FEAR. There are two different ways that the feeling of fear will influence your day trading. The first, the fear of passing up big profits, was examined in the last episode. Another way that fear will influence your day trading is the fear of losing money. I think all of us have experienced this quite often.

This is something that the market makers and big players will use to their advantage. They will take advantage of you by instilling fear. Let me explain this with an example:

Suppose that you and a lot of different traders and investors own a stock that the big player, “Mr. Market”, wants to own. Mr. Market, by the way, is the term I like to use for the combined big players in the market; hedge funds, trading firms, mutual funds, etc.

So Mr. Market has already accumulated a very big holding of stock, and he is expecting the markets to move up – and he still wants to buy more shares. In any case, there isn’t an endless stockpile available for him, and You and the remainder of the traders who own the stock that Mr. Market wants to buy, you don’t want to sell. Since, you likewise expect, or hope, that the stock price will increase and that you will rake in boatloads of cash on it.

But, as usual in trading, you can never be certain that the stock price is going to increase.

So what Mr. Market, the composite big player in the market, will do is to manipulate the market in order to fake a down move or a crash, which will scare a lot of traders, like yourself, into selling.

The way this is done is as follows; the market is in a sideways channel – I actually already explained this in more detail in an earlier episode, but how the big players accumulate their holdings, is they decide a price level where the stock is cheap in their eyes, they start buying everything they can get their hands on at that price level. The market starts moving upwards because of all the demand, and the lack of available supply, that this buying is causing.

By buying everything there is to be bought at that price level when the prices are getting too high, then Mr. Market starts selling a small part of all the shares or contracts he bought. This will cause the price to move back down to more affordable levels again – because there is not as much demand when Mr. Market is not accumulating, and there is actually supply coming into the market.

When there is no more available shares or contracts at that price level, at the levels of accumulation, and Mr. Market still wants to buy more before he is satisfied – Mr. Market would then do a kind of market manipulation – completely legal – he would start selling a considerable part of his holdings. And this is done to “shake out” some day traders, forcing them to sell. Some day traders would call this “stop hunting” as a lot of this selling is going to happen because of day traders’ stops getting hit.

While many other day traders will think that the prices are starting to look cheap, and want to buy more – a whole lot more traders that already own the stock will start getting scared – they fear that their opinion on the stock or commodity was actually wrong and that the market is going to crash instead.

It’s easy to see, all of this is easy to understand this if we look at a chart – the stock is in a trading range, a sideways consolidation. The big players accumulate their holdings buying on the up moves, selling part of their holding on the down moves – but on average they are accumulating as much as possible. Everybody expects the market to move up and break out of the trading range to the upside, but then the big players sell a big chunk of stock and the market actually breaks the support because of all the supply, caused by the artificial selling by the big players.

A lot of traders would have stop-loss orders placed below support, so they would sell as these levels get hit. And a lot of traders think the market is crashing so they would sell out of fear. Fear of losing money.

And what happens then when all these day traders are getting scared and sell their stocks? Well, Mr. Market buys everything that these scared traders are selling. And Mr. Market actually gets to buy all those shares at a discount, at lower prices than the original level where they started accumulating their holdings.

And then the market moves right back inside the trading range, and breaks through the resistance and continues upwards. Mr. Market cashes in, and you are left wondering what the heck just happened.

But it is very difficult to day trade without any emotions at all. The best option to reduce emotional trading is to use automated day trading signals, or use a completely automated trading strategy with trading algorithms. At daytradetowin.com we offersoftware that produces automatic trading signals, so if you need a day trading strategy make sure you check it out. If you’re serious about becoming a professional day trader we recommend that you get a day trading coach or mentor. In our day trading mentorship program we teach 10 different day trading strategies so there is something for everyone. The next mentorship class starts soon, so go to https://daytradetowin.com/day-trading-mentorship-coach and register now while there are seats left.

Thanks for watching, if you like this series of videos – please give us the thumbs up and subscribe to our Youtube channel and please share the videos in your social networks and channels.

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

Get the Atlas Line, ATO 2, or Trade Scalper today!

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.