Thursday, March 31, 2016
Wednesday, March 30, 2016
Bring Your Trading A-Game
This week I tried to trade after a visit to the dentist. As you might guess I had less than desirable results. The experience reminded me about an important concept often overlooked by traders: if you’re going to trade your best you have to be at your best. Simply put this means that you have to “have your head in the game”, or put another way, you cannot trade well if you are not 100% focused on your trading. It seems simple enough yet we often push ourselves to trade even though we’re not in our best frame of mind to perform. Remember that trading is not like other businesses. If you are not at your best the market will not have mercy on you, and that could make for an expensive day. Your success or failure depends in large part on your ability to focus and handle the pressures associated with trading. Here are a couple of suggestions to improve your trading performance that I learned the hard way. Get Your Rest Sometimes performing your best is as simple as getting a good n
https://www.indicatorwarehouse.com/bring-your-a-game/
Tuesday, March 29, 2016
Monday, March 28, 2016
Staying Steady in Narrow Range Day Markets
Dealing with a Narrow Range Day Don t think that simply because a market is ranging, that you can t make money. Depending upon how you go about day trading, a narrow range day may offer excellent opportunities to trade. Part of being able to spot opportunities is learning how to use indicators for day trading in the right way. If your expectation of day trading software is a one size fits all trading system, you may have the predisposition to regard a narrow range day a sign that there s no way you can make any money at all. If you feel this way, talk to more experienced day traders and ask them if they can help you learn trading techniques that will allow you to make money when most people are losing. Day traders live in something of a time-lapse version of the regular trading world. For a trader, a narrow range may last a half an hour, a half a day or a week. Day trading software and useful custom indicators enable you to capitalize on the challenges of trading on a narrow rang
https://www.indicatorwarehouse.com/narrow-range-day/
Sunday, March 27, 2016
8 Tools to Make You a Successful Day Trader
Techniques and Methods of a Successful Day Trader Most successful day traders share common personality traits and behaviours to achieve their personal and professional goals. While many a successful day trader performs their trading activity from the comfort of their home, they understand the discipline necessary to be successful at their job. By maintaining good work habits, they remain focused and active during their respective trading sessions to meet and exceed their trading goals. A large part of the daily life of a successful day trader includes: Day Trading System Successful day traders use reliable day trading software and never deviate from it. They understand all their positions, entries, exit targets, and stop placement before making their first trade of the day. Scalp, Range or Trend A successful day trader always understands the current market state before committing to any trade. Many successful traders use specific day trading strategies that follow and adapt to cha
https://www.indicatorwarehouse.com/successful-day-trader/
Saturday, March 26, 2016
Where do Trading Systems fit in the Daily Life of a Successful Day Trader?
Successful Day Traders Use proven Day Trading Systems to Achieve Their Goals Most individuals that live their life as a successful day trader walk the same path every day to achieve their goals. While many of successful individuals perform their day trades from the comfort of their home, they understand the requirements of discipline to stay focused on their job. Developing good habits, they remain active while the market is open and perform their due diligence every day, to attain their riches. A large part of their daily life as a successful day trader includes: Effective Day Trading Systems – Successful day traders formulate a proven trading plan and never deviate from it. They understand all of their positions, entries, exit targets, and where the place all their stops before ever making a trade online. Up, Down or Sideways – Productive day traders always understand the direction of the overall trend before ever making the trade. Many successful traders use specific day tradin
https://www.indicatorwarehouse.com/day-trading-systems-have-a-place-in-the-daily-life-of-a-successful-day-trader/
Friday, March 25, 2016
Thursday, March 24, 2016
Taking Profits Too Quickly? It’s Time For A Strategy Tune-up
Taking profits too quickly and letting losers run are common problems amongst new and old traders. The combination of the two often ends up shortening the professional trading careers of many. The cause is most times traceable back to the strategy and position sizing being employed or the lack thereof. The answer then is often found by doing a strategy tune-up. A common mistake is to begin trading without a well-defined strategy or objective. Taking profits too quickly or letting a losing trade run are not uncommon even amongst more experienced traders. Starting with a clear objective is important. What is your per trade profit target? How many contracts are you trading? How often are you trading? Where are you placing a stop? What is your exit strategy? What amazes traders the most after using the Trade Manager is how much money they were leaving on the table by not having the correct amount of shares or contracts for each trade. Ninety-five percent of tr
https://www.indicatorwarehouse.com/taking-profits-too-quickly-its-time-for-a-strategy-tune-up/
Tuesday, March 22, 2016
NinjaTrader Forex Trading Support
Forex 101: Currency Pairs Forex is hot again! Lately, we ve received a lot of different emails asking some common questions about Forex trading by folks either new to trading or just new to using NinjaTrader in the Forex market. Now that NinjaTrader is investing a lot of resources to establish a strong presence in the Foreign currency trading markets, all we can say is lookout Mt4! To ensure there is plenty of material to support NinjaTrader Forex traders in their journey towards successful, consistent FX trading, Indicator Warehouse has implemented a broad range of FX trading support resources and a Forex and added a Forex trading coach to the team. Today s topic covers one of the most basic building blocks of forex: the currency pair itself. Sure, there are lots of them. But what do they mean? Which ones should you trade? Are there any easy ones? Or are they all the same? Let s find out! What Is a Currency Pair? Currency Pairs The “pairing” of one currency ag
https://www.indicatorwarehouse.com/forex-101-currency-pairs/
Forex 101: Currency Pairs
We receive a lot of different emails asking some common questions about Forex trading by folks either new to trading altogether or just new to the Forex market. To ensure there is plenty of material to support them in their journey towards successful, consistent trading, we are creating a series of 101-style articles geared for new traders among us. Today s topic covers one of the most basic building blog of forex: the currency pair itself. Sure, there are lots of them. But what do they mean? Which ones should you trade? Are there any easy ones? Or are they all the same? Let s find out! What Is a Currency Pair? Currency Pairs: The “pairing” of one currency against another to obtain a market value for either. Example: The price of the Eur/Usd means comparing how many Euros ONE US Dollar can purchase OR vice versa. Eur/Usd= 1.3000 means that ONE Euro = $1.30 USD OR ONE Dollar USD = Approx 0.77 Euros The currency at the beginning of the pair is essentially the curren
https://www.indicatorwarehouse.com/forex-101-currency-pairs/
Sunday, March 20, 2016
Can Tick Value Affect Your Trades?
Most traders get so involved in the act of trading they give very little thought to what they will be trading. They do they know that the instrument they choose to trade can have a big impact on their overall success. Choose a bad market and you ll find yourself under-capitalized, taking more significant losses, and losing out on a nice profit. So how does the average trader pick a market to trade? Usually, there s very little (if any) thought involved. They often gravitate to whatever market is “sexy” at the moment. This method usually translates into a very fast, very volatile market such as Gold or Crude, to which the average trader may not be suited to trade. Another popular way of picking a market is to go for a high tick value. This approach explains why the emini S&P is “King of the Hill” of the mini-index markets. At $12.50/tick, profits add up quickly – it’s almost too good to not trade – of course, people never seem to consider the reverse of the equation and
https://www.indicatorwarehouse.com/trading-tick-value/
Can Tick Values Affect Your Trades?
Most traders get so involved with the act of trading that they give very little thought to what they will be trading. Little do they know that which instrument they choose to trade can have a big impact on their overall success. Choose the wrong market and you ll find yourself under-capitalized, taking bigger losses and losing out on precious profit. So how does the average trader pick a market to trade? Usually there s very little (if any) thought involved. They usually gravitate to whatever market is “sexy” at the moment. This usually translates into a very fast, very volatile market such as Gold or Crude, to which the average trader may not be suited to trade. Another popular way of picking a market is to go for a high tick value. This explains why the emini S&P is “King of the Hill” of the mini-index markets. At $12.50/tick profits add up quickly – it’s almost too good not to trade – of course people never seem to consider the reverse of the equation and think about
https://www.indicatorwarehouse.com/can-tick-values-affect-your-trades/
Saturday, March 19, 2016
Friday, March 18, 2016
Presentation: 6 Techniques for being a Professional Trader
INCLUDES 20% Off Promo Code = NT20 Click on Image to Download the Important Presentation Links
https://www.indicatorwarehouse.com/ninjatrader-professional-trader/
PRESENTATION (with 20% Off Promo Code): Professional Trading techniques to put the Odds on Your Side
PRESENTATION (with 20% Off Promo Code): Professional Trading techniques to put the Odds on Your Side
http://www.youtube.com/watch?v=u8Z9cfVb7Dw
How to Keep Your Sanity as a Self Employed Futures Trader
Staying Sane When You re a Self Employed Futures Trader If you re self-employed, the responsibilities you have to yourself are going to be much different from the responsibilities you had to your employer if you worked a regular day job in the past. In the latter case, your responsibilities were generally to stay away from Angry Birds, do your work and make sure that you utilized the time you were at work as efficiently as possible to help your company. When you re self-employed as a trader, much of what you know about working will be turned completely on its head. Get Into the Habit of Stringent Money Management If you re accustomed to getting a regular check, the first thing you re going to find out about self-employment is that you re going to have to put in place some strict rules for managing the money you make trading. It s just part of the world of being self-employed. Sometimes, you ll get a big fat check for your efforts when your trades close with profits sometimes you wil
https://www.indicatorwarehouse.com/staying-sane-as-a-self-employed-futures-trader/
Thursday, March 17, 2016
Wednesday, March 16, 2016
Diversification – the Key to Opportunity and Success
In the world of investing “diversification” is synonymous with “safe”, “secure” and “smart”; yet in spite of the advantages diversification brings to trading it is a relatively foreign concept to day traders. Money managers and trading professionals know the advantage of diversification which is why diversification is a key component of any retirement savings plan. No one questions the logic of diversifying investments when it comes to a retirement plan. Everyone knows that diversification lowers risk, and if done right, the good investments will outweigh the bad ones. The good news is that the advantages that diversification brings to your 401k are the same advantages that diversification offers your day-to-day trading. The key to successful diversification is “doing it right”. Diversification on the day trading level is more than just trading a variety of markets; rather, diversification for the day trader has to do with diversifying how you see the markets. When
https://www.indicatorwarehouse.com/diversification-the-key-to-opportunity-and-success/
Tuesday, March 15, 2016
Monday, March 14, 2016
Trading Systems for Developing a Proper Mindset for Success
Are You and Your Trading Systems Ready for Success? 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 Trading Systems Learning Curve As you start to look for day trading systems that work for you, be prepared for a lot testing. Remember that testing is an opportunity to hone and learn your system. It s very easy to be successful
https://www.indicatorwarehouse.com/trading-systems-mindset/
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/
Sunday, March 13, 2016
Saturday, March 12, 2016
Commodity Trading using Seasonal Trend Analysis
Sometimes futures day traders who primarily work with the e-mini indices forget there is a much broader choice of commodity trading products in the marketplace. Think of corn, soybeans, wheat, cattle, and hogs. What effect, if any, do seasonal trends have on these non-financial futures instruments? Day trading indicators based on seasonality typically play an essential part in determining or setting a price for a commodity during the regular cycles of every season throughout the year. Traditional decreases and increases in a commodity’s supply and demand tend to occur throughout the year on a relatively consistent basis. The tendencies for a commodity to develop seasonal patterns that might appear to be indications on the surface are often thought to be a predictable gauge of a future movement. However, tendencies that happened through the season are usually just that – a tendency and not a predictable occurrence. A few typical seasonal commodity trading patterns tend to deve
https://www.indicatorwarehouse.com/commodity-trading/
Day Trading Indicators use Seasonal Trends in the Futures Market to Profit
Using Day Trading Indicators to identify Seasonal Trends in the Futures Markets The day trading indicators based on seasonality typically play an essential part in determining or setting a price for a commodity during the regular cycles of every season throughout the year. Traditional decreases and increases in a commodity’s supply and demand tend to occur throughout the year on a fairly consistent basis. The tendencies for a commodity to develop seasonal patterns that might appear to be day trading indicators on the surface are often thought to be a predictable gauge of a future movement. However, tendencies that happened through the season are usually just that – a tendency and not a predictable occurrence. A few typical commodity seasonal patterns tend to develop on specific futures including soybeans, lean hogs and unleaded gas. There is a tendency for soybeans to move significantly higher during their peak season beginning in February and ending in June. The farmer and invest
https://www.indicatorwarehouse.com/day-trading-indicators-use-seasonal-trends-in-the-futures-market-to-profit/
Friday, March 11, 2016
Invitation to Next Week’s “Trade Like a Pro” Event
Erich and I are presenting at the next NinjaTrader Trade Like Pro Event. //www.youtube.com/watch?v=ryhOHMOGN9k 6 Ways Put the Odds on Your Side Wednesday, March 16th, 4:15 pm ET Discover 6 ways to put the odds on your side and make it easier to trade. Join me & Erich to learn how these approaches will simplify your analysis, boost your confidence, and help reduce your risk. Adam Halpern & Erich Senft Learn how to find and confirm high probability trades. Develop the skills needed to trade with confidence. Heed the advice of a billion-dollar trader. Explore the benefits of Diversification. Special discounts and some freebies for all attendees! I am amazed by how simple the DTS is to use and understand. I have been following Erich’s profit run on the Indicator Warehouse forum & the results speak for themselves. NOW I TRADE LIKE A PRO! Brian Basaraba Saskatoon, Canada
https://www.indicatorwarehouse.com/ninjatrader-professional-trading/
Thursday, March 10, 2016
Be a Losing Trader and Still Win at Making Money
As a day trader, there is no way to be right all the time and losses are inevitable. But, with proper trade management, one trader s loss could be another trader s win. So, how right do you have to be? Traders with a very high win percentage make more than those with a small one right? It sounds logical Of course, a trader that wins a bigger % of trades makes more money. THINK AGAIN! Let s say Trader #1 wins 90% of his trades. Bravo Trader #1! What a sharp chap right? And Trader #2 by comparison only wins 30% of his trades. What a loser! In which one would you like to invest? If you answered right away and said #1, please pay VERY CLOSE attention to the rest of this post. For those of you who replied, you can t tell . Bravo! The question I posed was very much a trick question. It s like asking if someone jumps off a ledge will they die? . Right away you know there is a BIG piece of information missing: HOW BIG IS THE LEDGE? In our two traders cases, there was some significant data
https://www.indicatorwarehouse.com/trader-win-making-money/
Be a Loser …and Still Make Money
In trading, there is no way to be right all the time and losses are absolutely inevitable. But, with proper trade management, one trader s loss could be another trader s win. So, how right do you have to be? Traders that have a very high win percentage make more than those with a low one right? Simple answer? Of course, the trader that wins a bigger % of trades makes more money. THINK AGAIN!
https://www.indicatorwarehouse.com/be-a-loser-and-still-make-money-forex-tips-with-omar-eltoukhy-diversified-trading-system/
Tuesday, March 8, 2016
6 Trading Tips Video for Day Trading | NinjaTrader Indicators
If you re using or considering using NinjaTrader Indicators then for sake of making it easier to take money out of the market, take a look at how the team here at Indicator Warehouse has designed software to prevent you from making the most common trading errors, reduce overall stress, identify high probability trades, maximize your profit per trade and minimize your loss per trade. And it also makes your bed in the morning. Not. But seriously, we ve achieved all of the above and stuffed an awesome summary of these six features into this video.
https://www.indicatorwarehouse.com/day-trading-ninjatrader-indicators/
Market Awareness – Completing Your Pre-Market Trading Checklist
Here is a partial list of my pre-market trading checklist: What is apparent before the opening? Any relevant announcements or economic data, news stories, or carry over momentum from Asian and European trading. What are my expectations with regards to market direction, intensity of the move(s)? What strategies will I employ, which risk management profile will I use? What indicators will I look towards for signals? How will I ‘tweak’ my strategies to fit a change in market mood? There is also an often unspoken Trading Checklist that needs to be acknowledged and given a place at the table. We are a part of the market and in our very own small but collective way contribute to market moods. Therefore taking note of our physical and emotional status is also important. Having a clear picture of one’s own relationship with money is critical and failure to include it as a part of your daily checklist may keep you on a perpetual search for success. This ability was an early “mast
https://www.indicatorwarehouse.com/trading-checklist/
Monday, March 7, 2016
Sunday, March 6, 2016
Essential Skills For Day Trading
I have received some emails from new traders inquiring as to what skills they should work on to get ahead in trading the forex market. So, ask and ye shall be given. By no means is this list completely comprehensive, but it is a good place to start if you are new to the game. Learning our craft is important to long term success. The more you know, the more you will be able to do as a trader. Keep in mind the development of these skills takes time. Just as a pilot learns everything they might need to know educationally from reading materials, videos, etc , it takes many hours in a real aircraft before they are allowed to carry other people. The same is true with trading. There are two parts to this equation: The first being the learning of the theory, and the second being the application in an actual market(s). Love your craft, live your craft and you will be rewarded much more than those who don t! Support and Resistance: This is my favorite and arguably the single
https://www.indicatorwarehouse.com/essential-skills-for-forex-trading/
Saturday, March 5, 2016
Friday, March 4, 2016
What Matthew McConaughey Taught Me About Trading
It’s funny how when you’re a trader you find trading related tidbits popping up everywhere, sometimes in the most unusual places. The other day my wife was watching a television interview with Matthew McConaughey, the actor. McConaughey was promoting his new film and talking about working with great actors like Leonardo DiCaprio when he said something that resonated with me as a trader. McConaughey said, and I’m paraphrasing, that he was impressed working with the great actors not because they had some “magic” ingredient to their skill; rather it was because the Great actors did the simple things extremely well. I thought that was a profound observation for any aspect of life, but especially for trading. Often trading is not simple. It must be in a trader’s DNA to complicate things.Traders are bent on tweaking their signal to the nth degree hoping to finally get profitable. But this isn’t what Great traders do. Just like McConaughey observed, Great traders do the simple
https://www.indicatorwarehouse.com/what-matthew-mcconaughey-taught-me-about-trading/
Wednesday, March 2, 2016
Patience and Trading Choppy Markets… Wait for the KILL!
What s a trader to do when faced with seriously soggy markets? I don’t know about you, but I don’t like day trading the chop; even Indicator Warehouse futures trading expert Erich Senft says it may be best to find a better instrument to trade or stay on the sidelines. So what can a day trader do during the choppier times, how do you know when to take your hands off the mouse and just relax? I like volatility; it suits my day trading style, and although I feel there is not a NinjaTrader Indicator on the market that can trade actual narrow range days, the Diversified Trading System (DTS) makes the “chop” very clear and easy to see. Also, DTS and the DTS System Add-ons get me prepared for when the market does make that big move! Sorry to beat the dead horse, but I get a bunch of e-mails or calls from prospective customers each week telling me how frustrated they are with their trading results. I said it before; I’ll say it again: If you’re a volatility gorilla lik
https://www.indicatorwarehouse.com/trading-choppy-markets/
Day Trading Patience… Wait for the KILL
What s a trader to do when faced with seriously soggy markets? I don’t know about you, but I don’t really like day trading the chop; even Indicator Warehouse expert Erich Senft says it may be best to find a better instrument to trade or stay on the sidelines. So what can a day trader do during the choppier times, how do you know when to take your hands off the mouse and just relax? (And no, that s not me :)). Diversified Trading Systems (DTS) is one of the ultimate day trading systems on the market that even if it IS a sideways, it makes the “chop” very clear and easy to see. Like I said, I like volatility, it suits my day trading style and although I feel there is not a NinjaTrader Indicator on the market that can trade true narrow range days, DTS gets me prepared for when the market does make that big move! Check out the video and see how I use DTS and the DTS 5.0 Boosters to take advantage of that illusive “summer time trading” move. //www.youtube.com/watch?v=Wl
https://www.indicatorwarehouse.com/diversified-trading-systems-day-trading-patience-wait-for-the-kill/
Tuesday, March 1, 2016
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