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This is the indicator that gives you the size of the bar and the risk if you use that bar as your signal bar. This is for the NT8 version, so download only if this is applicable to your version. Below are instructions on how to import the indicator. There are a few steps, but…...
This is the indicator that plots the trading times on your chart. Below are instructions on how to import the indicator. There are a few steps, but it is not that difficult. I am not a programmer or tech guy, so if you need help, contact NT please. 🙂 I am happy to provide the…...
This lesson is going to go over reversal patterns and the clues that you will often get when a bottom or top is forming on a price chart. Most of the clues are very subtle and the average person would never see most of them, much less recognize that the market is saying slow down,…...
Traders tend to panic when we get higher volatility and larger signal bars. Â These large bars and additional volume make it difficult, if not impossible, to enter using our minimum 2-point risk rule. Â In times like this when volatility is very high, we have to work with what we have or else we do not…...
Today I am going to discuss why I do not trade Forex markets. Traders approach me often asking if price action will work in Forex, and the answer is a simple “yes!” Price action works in any market and on any time frame, so that is not a problem. The problem with Forex is that…...
Today I am going to talk about trading forums and trading rooms. I get so many requests to do a trading room or add a trading forum to our site that I thought maybe it would be best if I just addressed this subject formally so that I could have some information that I could…...
In an effort to continue to provide the best commissions possible, we have been able to negotiate a new charting Option for PAT$ members.  For now, new members are still able to use NinjaTrader, and there is still a possibility that NT will back off of their plan to force all new NT users to use NT for…...
Today I am going to share my personal thoughts about simulated versus live day trading. There are a lot of difference of opinions on this, and I do not think that my thoughts are always clear or at least not always taken in the right context, so today I am going to try and clarify…...
Today I am going to discuss trading the market open. Like many things, my early thoughts on trading the opening have changed slightly as I become a better and more experienced price action trader myself. There is almost always some type of trap and reversal at the 8:30 AM CST regular session opening each day. …...
I get a lot of questions about whether what we do works only for scalping or if it will also work for those that prefer to stay in the market for larger moves, so today our lesson will cover both swing trades and runners. We call our day trading strategy a “scalp and run” strategy,…...