What price action methods are taught in the Power Price Action course?
Firstly, price action trading means trading without indicators, using only a market’s price in relation to time. The ability to recognizing several key patterns is the goal of the Power Price Action course. Such setups can be used for filtering trades, determining the best entry points, placing exits, stops and selecting order types. Power Price Action benefits traders by providing exact rules for engaging multiple markets using any trading platform. Over four specific tactics are taught in the course, with the Blueprint Trade at the forefront. Each method was developed by DTTW founder John Paul and is continuously used by him and other professional day traders on a daily basis. The course does not rely on outside techniques like Market Profile or Japanese candlestick interpretations.
What kind of experience should I have before purchasing the course?
Familiarity with your day trading software, including chart use, order placement, and an understanding of common vocabulary is required. Beyond these basic requirements, you can be a beginner or a veteran. Anyone can benefit from using the techniques taught in the course. The DVDs, numbered one through four, are meant to be watched as a complete set, from start to finish.
Are there any other requirements?
You should be using a software platform like NinjaTrader that will allow you to practice and place simulated trades. Only one chart per market is required, so unless you plan on trading many markets simultaneously (we recommend against this), one or two computer monitors will work just fine. You should also have a fast, real-time data feed. You can get a free NinjaTrader trial and accompanying data feed by visiting our
NinjaTrader demo page.
What is the purpose of the training workbook?
The training workbook will allow you to take notes and practice learned techniques by recognizing setups on the included color charts. There are plenty of helpful tips and reference material – it’s handy to keep near your desk as a guide while you’re trading.
What kind of results can I expect?
Head over to our
results page and see the trades we’ve been getting. We try to keep this updated, and there are far more profitable trades that could be documented. On average, you can expect to see at least one to three Blueprint setups per day. Expect to see more or less depending on the market’s price action that day.
What do you mean by “objective trading”?
Objectivity recognizes measureable circumstances and criteria used to take trades. Objective traders are able to look at a chart and all see the same thing. Subjectivity is opinion based (less factual), spreading judgment across unspecific or unreliable variables. All Power Price Action techniques are objective – trade based on what you see according to the black and white rules. If the trade isn’t there, let’s not subject ourselves to unnecessary risk. Likewise, trade only what the market proves it can provide. This is what sets apart Day Trade to Win from other day trading educators.
What markets can I trade using the Power Price Action methods?
You can trade futures, currencies, financials, indexes, stocks and forex. Markets with frequent levels of high liquidity are preferred. For currencies / forex, the following markets produce the best results (consider the currency to be paired with the USD when trading forex): the Euro, Australian Dollar, Canadian Dollar, Swiss Franc and British Pound. For futures, the following markets work best: ES, TF, NQ, ZN, YM, CL and QM. Remember, these are only a sample of the many markets that are great for trading using Power Price Action.