NinjaTrader Indicator Warehouse: August 2015

Monday, August 31, 2015

Data Security for Day Traders

If you re using online trading systems to make money, you need to be absolutely certain that the data related to that endeavor is secure. You have a few options in front of you in this regard and it s a good idea to explore them all. Backup your daytrading software Your daytrading software will likely include the software provided by the company you make your trades through and software that you purchase on your own. For instance, you may be working with your technical analysis indicators on Excel, one of the most popular spreadsheet programs out there. You may also install other programs that play a role in your daytrading activity but that are not provided by the company through which you trade. You have to back up any information generated by these programs. Understand that a program and a file that it generates are two different things. The program itself may or may not back up its settings but you should always backup any documents you create in a program. For example, you don t
https://www.indicatorwarehouse.com/data-security-for-day-traders/

Sunday, August 30, 2015

August 28 2015 | Futures Trade Room

August 28 2015 | Futures Trade Room
http://www.youtube.com/watch?v=Wov0qc4yWug

Saturday, August 29, 2015

Using Effective Risk Management Tools to Increase Your Profits

The Right Risk Management Tools Can Increase Your Profits Using effective risk management tools, you can increase your profits by reducing the amount of risk on each trade you make. Reducing risk can sometimes be equated to increased profitability. Many professional day traders understand that an effective risk management plan can serve as one of the most important tools of being a successful day trader. However, many newbie traders often overlook risk management, usually to their own detriment. Win to Loss Ratio Using a “win to loss” ratio is one of the highlights of an effective risk management plan. Specifically, using a win to loss ratio works as a comparison to how many losing trade you have against profitable ones. As an example, if you had 30 total trades with only 10 losses your average would be 30:10 or 3:1, that would be calculated at ((30 / 10) * 100) = 300) or a 300% win to loss ratio. The higher the win to loss ratio you experience, the higher your profitable levels
https://www.indicatorwarehouse.com/using-effective-risk-management-tools-to-increase-your-profits/

Friday, August 28, 2015

August 26 2015 | Futures Trade Room

August 26 2015 | Futures Trade Room
http://www.youtube.com/watch?v=ipWIWCvnHK8

August 27 2015 | Futures Trade Room

August 27 2015 | Futures Trade Room
http://www.youtube.com/watch?v=bbOuk_R4RHc

Thursday, August 27, 2015

The Truth about Trading Software

What is you best indicator? Do you guarantee your trading system will work? I get these questions all the time. When I hear them, alarms go off in my head because it usually means the person asking has inflated expectation of what ANY trading technical analysis indicator can do, including the systems from Indicator Warehouse. Sadly, I realize this is usually because of all the silly marketing hype in the day trading vendor market. (We wrote a great post about this and the CFTC Fraud Advisory). But, when you strip away all their marketing fluff you are left with software! Think of trading software, ours included, like a Word Processor. MicroSoft guarantees the spell checker , the font changer and the auto indexer work great. But, do they guarantee you can write the next Great American Novel? No. However, if you have a gift for writing, and if you ve taken a some writing classes, then a word processor will make writing a book much easier, faster, and be
https://www.indicatorwarehouse.com/truth-trading-software/

Tuesday, August 25, 2015

The Move du Jour Rule fr Trading

Successful trading has as much to do with timing as anything else. You can have all the best tools at your disposal, but that won’t help you much if you miss the move of the day. Most markets will make only one major move in a session. Occasionally you will see a smaller secondary move before the end of the day, but that is rare. It is important is to recognize when you might have missed the move of the day and resign yourself to that fact. Failure to do so might cause you to chase less promising trades which are likely to turn into losers. This week has been a good example of the Move of the Day Rule. The stock indices confined themselves to making one good move during the day, either higher or lower, and then remained relatively range-bound for the rest of the session. Below is a chart of the NASDAQ. Notice how the market became Flat after the big run up. If you missed the initial move you would have been wise to turn off your computer and head to the golf course instead. Attempt
https://www.indicatorwarehouse.com/the-move-du-jour-rule/

Monday, August 24, 2015

For all my #daytrading #NinjaTrader friends in the @NTEcosystem.

via Instagram http://bit.ly/1Nw9eOK

Sunday, August 23, 2015

Knowing YOU are the pitcher in the ball game of trading

We wouldn t embark on our trading journey if we thought we were going to lose money. I think only the most masochistic of gamblers gets into trading forex specifically to blow money. Yet, after only a bit of experience, virtually any trader realizes losing money can happen even when that is the last thing on their mind. So today, I want to focus on the forex version of a classic baseball pitching saying (since we are about to start the MLB season!) don t give up the big inning. In baseball, the pitcher has a unique position in that every ball on the defensive side goes through his hands on the way to whatever the result may be. He has the game in his hands and his supporting cast of defensive players can only watch and react to what happens after the ball leaves his hands. I would like to make the analogy that YOU are the pitcher in the ballgame of trading. In baseball, a pitcher can lose composure or get tired and pitches that were hard to hit before now sail around the b
https://www.indicatorwarehouse.com/knowing-when-to-say-when/

Friday, August 21, 2015

What George Costanza Taught Me About Trading

George Costanza (Jason Alexander), the loveable loser from the sitcom Seinfeld, never seemed to be able to get ahead. That is, until one particular episode where George got fed up with his circumstances and decided to do everything opposite of what he normally did. The logic was that if the things he normally did got him to where he was now (loser) then doing the exact opposite should get him to where he really wanted to be (winner). The outcome was that by the end of the show George was the new Manager of the New York Yankees, so his plan worked splendidly. I thought this was a fascinating concept, and one that might have relevance in the trading world as well. Maybe we, as traders, need to be more like George Costanza and question what we’ve assumed to be right all these years. Maybe like George, we too will have the opposite result and turn our losing trades into winners! Traders tend to treat trading axioms as Gospel. If it sounds good, we believe it. We hear things like: the tr
https://www.indicatorwarehouse.com/what-george-costanza-taught-me-about-trading/

August 19 2015 | Futures Trade Room

August 19 2015 | Futures Trade Room
http://www.youtube.com/watch?v=3MLCQwh7nZM

August 18 2015 | Futures Trade Room

August 18 2015 | Futures Trade Room
http://www.youtube.com/watch?v=XXJ92DyAoPc

Wednesday, August 19, 2015

How to Make the Perfect Day Trading Sandwich

Now, you’re probably saying… “What the heck does a Sandwich have to do with a profitable trading plan?” It turns out A LOT! In order to have a great sandwich, you must have two slices of quality bread, and your personal choice of ingredients, right? That said.. what critical role does bread play in the making of a solid sandwich? It holds everything together… A great Trading System is exactly the same! Here’s the point: The ingredients between the bread are important. However, choosing those ingredients is a matter of personal preference. In fact, there is nearly an infinite combination of things you can use to make a sandwich But, take away the two bread slices and see what happens? – You have one big mess! This is exactly what most traders have with their current trading system. Here is the recipe for making the Perfect Day Trading Sandwich: //www.youtube.com/watch?v=qhD0E6taods The post How to Make the Perfect Day Trading Sandwich first appeared on Indicator Warehouse
https://www.indicatorwarehouse.com/how-to-make-the-perfect-daytrading-sandwich/

Burn out in Trading… Have You Become a Boiled Frog?

[1:47 No frogs were injured in making this video] //www.youtube.com/watch?v=TyBKz1wdK0M What is burnout? I checked out several sources and here are some of the definitions: 1. The cessation of operation usually of a jet or rocket engine; also: the point at which burnout occurs. 2. Exhaustion of physical or emotional strength or motivation usually as a result of prolonged stress or frustration. 3. A term for a mental or physical energy depletion after a period of chronic, unrelieved job-related stress characterized sometimes by physical illness. The person suffering from burnout may lose concern or respect for other people and often has cynical, dehumanized perceptions of people, labeling them in a derogatory manner. Causes of burnout often include stressful, even dangerous, work environments; lack of support; lack of respectful relationships within a team; low pay scales compared with others salaries; pressure from the responsibility of providing continuous high levels of awareness
https://www.indicatorwarehouse.com/trading-burnout/

Monday, August 17, 2015

August 17 2015 | Futures Trade Room

August 17 2015 | Futures Trade Room
http://www.youtube.com/watch?v=pK38B6f3yxg

Saturday, August 15, 2015

What does a Happy Market look like?

Do you know what a Happy Market looks like? Most traders assume that a Happy Market looks like this: But you would be wrong. A Happy Market actually looks like this: Now notice I said the market was Happy, not you? The second chart is one that shows extreme chop, lots of whipsaws and is one that is sure to make most traders decisively unhappy, but this is an exact graphical representation of what a Happy Market looks like. How is that? Because the market is content. Price is neither going up, nor down, and is happy to remain within a relatively small trading range. What Makes a Market “Happy”? Remember that price only moves when there is an imbalance between buyers and sellers. No imbalance, no movement. If the buyers and sellers are evenly matched, price will go nowhere. This is precisely why markets tend to only trend about 20% of the time. The rest of the time they are mostly content with their pricing and Happy to remain there, until something comes along to disrupt the balanc
https://www.indicatorwarehouse.com/a-happy-market/

August 14 2015 | Futures Trade Room

August 14 2015 | Futures Trade Room
http://www.youtube.com/watch?v=U8NWul5Lmts

August 13 2015 | Futures Trade Room

August 13 2015 | Futures Trade Room
http://www.youtube.com/watch?v=thx-_9GIk_U

Friday, August 14, 2015

For all my #ninjatrader #daytrading friends in the @NTEcosystem #ff

via Instagram http://bit.ly/1Wpudpj

Wednesday, August 12, 2015

August 12 2015 | Futures Trade Room

August 12 2015 | Futures Trade Room
http://www.youtube.com/watch?v=YwJNqM9rZA8

Tuesday, August 11, 2015

August 11 2015 | Futures Trade Room

August 11 2015 | Futures Trade Room
http://www.youtube.com/watch?v=kzvU2vxf38E

This goes way beyond #daytrading. I hope this inspires my #ninjatrader friends in the @ntecosystem

via Instagram http://bit.ly/1hwrrP9

August 10 2015 | Futures Trade Room

August 10 2015 | Futures Trade Room
http://www.youtube.com/watch?v=TfQzQVskF9w

7 Things Star Wars Taught Me About Day Trading

Earlier this week, I was geeking out with a friend and discussing what movie had the biggest impact on us as children. For me it was easy… “Star Wars,” of course. There is no doubt that the special-effects, light sabers and good versus evil storyline was engaging. But it was only later in life that I realized the relatively minor piece of the storyline had a lasting impact on me. I m talking about The Force. Evidently, I’m not the only one. In 2001, “Jedi” became the fourth most popular religion in the United Kingdom. I saw the original Star Wars when I was 10 years old and it changed my life. We all have faith in something; usually a mixture of some personal beliefs with modern science. It was only later when I became a religious studies major in college that I realized that the force referred to a common theme found in all world religions… The oneness or force that connects all things in life. That idea shows up as a universal concept ranging from Christianit
https://www.indicatorwarehouse.com/7-things-star-wars-taught-me-about-trading/

Monday, August 10, 2015

Here’s Some Tips on Trading While Working Full Time

We all start trading with hopes and aspirations of leaving our day job; let’s face it, the nine to five grind, the commute, and the fact we answer to someone else seems to push us toward a more rewarding endeavor that in the end could ultimately provide us with true wealth. So what can we do? How can we trade when we have a full-time job in order to pay the bills? When I first started trading I had a full time job myself. I would spend my days dreaming of the day I could trade full time on my own, or at least not have to go to work every day. The answer to my dream of getting started in trading was the pre markets, or what I like to call the overnights. This is known as the London session and there are a myriad of instruments that you can choose from to trade. The real beauty of the futures markets is that with Globex, it trades 24 hours a day from Sunday afternoon through Friday afternoon. Now, not all markets are suitable to trade “overnight” (unless you are holdin
https://www.indicatorwarehouse.com/heres-some-tips-on-trading-while-working-full-time/

How Change can Help your Trading

Day Trading Challenges and How Changing Things Up can Help I hear it all the time: “I’m getting killed trading oil”, “I’m not consistent with the ES”, “I’ve been trading Binary Options and I keep losing money”; the list is endless. Day after day I have conversations with both DTS and non-DTS owners and I hear about their day trading challenges. The tough part about many of these conversations is the fact that MANY continue to try to trade a market that they may not be cut out for. I know, “who is this clown and where does he get off telling me what I can and cannot do”? I’ll tell you who I am: I’m a guy who has done the same stubborn stuff and head his head ripped off until someone told me this day trading secret… So, what is the secret? Is it the Diversified Trading System (DTS)?……sort of. Is it money management? Sort of. Maybe it’s the education you can get from ANY of the Indicator Warehouse Team? ..still sort of. The afore mentione
https://www.indicatorwarehouse.com/day-trading-challenges-and-how-changing-things-up-can-help/

Leverage Has It’s Place in All Day Trading Systems

Leverage in Day Trading Systems Maximizes Capital There is a specific reason why all professional traders use leverage every day to make the most efficient use of their trading or investing capital. Realizing the significant advantages to entering every trade with leverage, there are no real down side disadvantages whatsoever. By using leverage in every trade allows day trading systems to trade all markets that would typically be unavailable otherwise. Leverage also works as a positive solution when trading more contracts, lots or shares than the investor would otherwise be able to place. It never increases the risk of the trade, although it does reduce the loss. To maximize your trading capital, consider using leverage in day trading. It is never more risky in any trade than using cash. By using leverage responsibly you can maximize your profits while you minimize your losses. You can easily modify your account to add leverage, or you can simply open a new leverage, or margin, accoun
https://www.indicatorwarehouse.com/leverage-in-day-trading-systems-maximizes-capital/

Trading Options Using Diversified Trading System

(Part One of Seven) Using the Hawk Micro Scalper, Falcon Swing Trader, and the Eagle Trend Trader within the equities markets can produce strong results. Trading equity options can be used to add “beta” to an existing trade or as “the” trading vehicle. There are several research (trade set-up) parts/steps that are necessary to do prior to trading options based on DTS trading signals. Step One: Options Basics and Understanding Theta is Your Friend Step Two: What is from the Forrest to the Branch? Step Three: Volatility and the One Way Street Step Four: Position Sizing and Your P&L Step Five: Risk Management Versus Position Management Step Six: Volume and Two-Way Trade Step Seven: Commissions & Costs the Most Neglected +/- value factor left out Step One Options Basics Definitions: Call option – is an option contract in which the holder (buyer) has the right (but not the obligation) to buy a specified quantity of a security (underlying) at a specified price (strike price)
https://www.indicatorwarehouse.com/trading-options-using-diversified-trading-system/

How to Stop Overtrading

We’ve all done it. Some days the market just seems to have our number and we end up taking too many losing trades. Or we have a good day and take one too many trades that ends up taking away much of our hard earned profit, or worse, puts us in a losing position. Overtrading is a big problem among traders. Overtrading can damage your account more quickly than almost anything else you can do. Part of the problem with overtrading is we don’t really know when we’re doing it – until it’s too late. So what is a trader to do? How can you stay away from the evils of overtrading? Simply put, people overtrade because they don’t have a proper trading plan. A proper trading plan is more than just preplanning your entries and exits. A proper trading plan also tells you when you ve traded enough and it s time to stop. With a trading plan it is virtually impossible to overtrade. Developing a proper trading plan is not difficult to do; however most people don t know where to start. In ord
https://www.indicatorwarehouse.com/how-to-stop-overtrading/

Psychology of Treating Your Part Time Business Seriously

There is a Psychology to taking your part time business seriously. Are you running a business or is this just a VERY expensive hobby? I personally challenge you to REALLY answer this question and be HONEST with yourself. All too often I speak with other traders who have a full time job and try to trade and what I hear is astounding. The bottom line of what I hear is that there is no plan, no set method, no trading rules and sometimes no clue as to what they are trying to accomplish or where they are going with their trading. This IS a recipe for disaster and it seldom if ever will ever work out. Who ever heard of ANY business succeeding that did not have a solid plan in place? Challenge number 1. Time! Let’s face it, if you are trying to work full time, manage a family and manage a life, this can be difficult but not impossible. I suggest picking a few days a week that come rain or shine, that is the time you will devote to your trading business. If you set out to trade for three ho
https://www.indicatorwarehouse.com/psychology-of-treating-your-part-time-business-seriously/

Learning The Day Trading Mindset for Success: Day Trading Systems

Are You Ready for Day Trading? If you plan on getting involved in day trading, determining whether or not you re ready to make the leap involves some serious introspection. When you learn day trading, it s easy to get it into your head that what you re preparing for are exciting days on the stock market and doing hard work that will be rewarded with fantastic rewards. The reality of working as a trader is a bit different from this. Instead of thinking that being ready means being prepared to do a lot of work and to get good rewards for it, remember that learning how to be a trader really means being willing to work hard. It s easy to be ready to handle the good times, but a good trader is passionate about the challenges as well. The Day Trading System Learning Curve As you start to develop day trading systems that work for you, be prepared for a lot testing. Remember that testing is an opportunity to hone your system. It s very easy to be successful and just think that the success
https://www.indicatorwarehouse.com/learn-day-trading/

Pyramiding …Using Multiple Orders to Your Advantage

So there you are you ve done your homework and taken the trade. You found a great spot for entry, all signals were go, and you entered the market. Within a few minutes of getting in the market though, you find yourself in drawdown. You have a 50 pip stop and before you know it, you are half-way there. You think Well, if I thought my initial entry was a good price to get in, I should really love where the market is now and take another order. That will make it so much easier to get to profit once the market moves in my favor, IN FACT, I won t even have to get to my original entry before I hit b/e. Yeah . the ol dollar-cost averaging philosophy. Although this works great much of the time when you are investing based on fundamentals over the longer-term, it can be a seriously risky maneuver when trading based on technicals in the short-term. When I started trading forex, I had the unfortunate experience of having VERY good results right at the beginning. Why was this unfortunat
https://www.indicatorwarehouse.com/pyramiding-not-just-for-ancient-civilizations-using-multiple-orders-to-your-advantage-in-trading/

What’s the difference between a Weatherman and a Trader?

https://www.indicatorwarehouse.com/are-you-a-weatherman-trader/

Trade as I Say, Not as I Do – Really?

Being a trader I’m always interested in articles and books on trading. I like to see how other traders do things, and every once in a while I’ll learn something new. I just finished an interesting book on Stock trading the other day. The book itself isn t important, there are a thousand books just like it, but what I found interesting is what the author of the book tells his readers to do compared to what the author does himself. You see the author was extolling the same trading axioms you hear all the time: the trend is your friend; don’t hold on to losing positions; don’t average into a declining market – you know the ones but the axiom that got my attention is the oldie but goodie: Cut Your Losses Short and Let Your Profits Run. Sounds like good advice, doesn t it? What I found fascinating is that not only does the author not tell you how to Cut Your Losses Short and Let Your Profits Run, but that he does the exact opposite when describing his own trading! You see this pa
https://www.indicatorwarehouse.com/do-as-i-say-not-as-i-do/