In this video we’ll show you how to install the NinjaTrader 8 indicators easily. First of all, you must find an indicator to download and then import it. What is an indicator? It’s a trading tool that plugs into your chart to give you trading signals or other information to help you trade. We have many indicators. Take a look at the Trade Scalper, ATO 2, and Atlas Line. Also, we have an eight-week coaching program called Mentorship that provides access to all trading indicators with Lifetime Licenses.
And if you have already purchased one of our indicators, great! If not, you can download a free trading indicator from our downloads page. Once the indicator file is downloaded, remember where the indicator file has been downloaded! You’ll need to navigate to this folder later within NinjaTrader (in order to import the indicator). By the way, most indicators are offered as .zip files. .Zip is a file type that compresses multiple files within a single file. In Windows 10, .zip files behave a lot like regular folders aka directories. Good news – when it comes to importing indicators, NinjaTrader expects a .zip file. In other words, don’t do a darn thing with that downloaded indicator! Leave it as-is, as the indicator .zip file itself is what you’ll be imported into Ninja.
Welcome to our fourth episode in the How to Day Trade Using Price Action series!
In this episode, we will study supply and demand. This might look like a boring topic, but I disagree that it is boring. It’s actually a very vital topic, and you need to understand the laws of supply and demand in order to be trading successfully with price action. This is because supply and demand and the relationship between them is the foundation of all price action.
We shall try to make the subject a bit more fun to learn, with a few silly examples and funny pictures. I might even throw in a funny cat somewhere…
In the next video, we will take a look at how you can identify supply and demand in the markets by reading the charts like a pro.
In today’s episode we will resume with the topic of support and resistance, supply and demand, and merge those with trends, and repeat some of what we learned so far in this series.
We already discussed about trends and trend lines a couple of weeks ago, so You are already aware that a trend is the kind of price action that is going to make you money. You will buy at some price, say $10, the price will trend upwards, 11, 12, 13, 14 and you will sell for a profit at $15, as an example. Or you sell short at 100, the price will trend downwards 99, 98, 97, 96 and you will buy to cover at 95 and make money. That’s easy, right?
Today we have again talked about volume. The analysis of Volume is one of the foundations and corner stones in price action trading. In the next episode we will go through the basics of volume analysis. It is going to be important for you to know and understand, so please make sure you subscribe so you get access to the next Episode.