Power Price Action Trading is a day trading course that teaches how to day trade consistently and intelligently by breaking the most common trading mistake that traders make. Even some of the most experienced traders still trade by chasing indicators and other technical tools looking for that Holy Grail that doesn’t exist.
Traders that realize that indicators lag and are overall inaccurate, save years of time and heaps of money otherwise spent. Price action trading, the concept of trading bare without indicators, puts you in control.
The Power Price Action Trading method uses a common sense approach to teach price action trading with trades that are easy to identify and have clear, objective rules and setups.
The author, John Paul, is the founder of DayTradeToWin and a pioneer of price action trading. John has been teaching hundreds of traders all around the world on how to simplify their trading by using the price behavior as the ‘indicator’ needed.
The Power Price Action Trading™ method is comprehensive and unique because it provides an understanding of how price works, allowing you to adapt to any market and predict/respond to the direction of price ahead of other traders.
FREE 8 weeks of Live “on the market” training
The complete 7-DVD package is mailed to you along with the Training Workbook, the entire 9-chapter course educating from the ground up.
No prior day trading experience is needed. The course will teach you exactly how to interpret the market behavior and handle spontaneous market situations. You’ll wake up each morning with confidence in your trading and in the daily result you set for yourself. Apply yourself using the right tools to put your effort to good use and make the money through training that you always wanted.
Day trading, as we know it, is evolving into a more simplistic and effective pattern. Frustrated Forex day traders that have no confidence in the indicators they use, are looking for an easier way. There’s a big difference between following an indicator and being able to analyze the market for clear cut trade decisions.
It’s understood that indicators and strategies calculate and make decisions that are lagging and un-precise. By the time the indicator has plotted a setup, you may many times be past the opportunity to probably enter a trade. And furthermore, as a trader and an intelligent person, you are opting out on using your intelligence by completely and blindly relying on a method without actually understanding the how it works with the Forex market.
Like with anything, simple things work better. Actually understanding the reasoning behind how the market behaves and being able to interpret the behavior of price, are the real tools that real day traders use. That’s the reason you will never hear floor traders following indicators or stochastic. Instead, they make intuitively correct decisions based on real-time price action.
The Power Price Action, presented by John Paul – the founder of DayTradeToWin, teaches profitable day trading based on the core principle of trading like the professionals. It is a complete Forex day trading education consisting of a book, videos, 8 weeks of live training, and much more. This complete package is mailed in hard copies for the student to keep forever.
There’s no prior day trading experience required, and no necessary education level needed. A person can come in regardless of his experience and knowledge in trading, and become a full-time consistent trader based on his education using this package.
It’s a rarity to find a standalone product that teaches how to day trade, and more so one that teaches how to trade independently using the tools that professionals traders use. Being that price action trading is free of indicators and technical tools, this method of trading can be implemented on any charting platform. It’s based on 10+ years of price action trading and educating experience.
PowerPriceAction.com has done an excellent job of keeping a running track record of profits and losses via its Performance History section. In total, three charts are available, with markets ranging from Forex to the Russell (TF), Australian Dollar Futures (6A), and so on. You can check to see how the proprietary Price Action Trading Method performed, with the time, price and profit / loss for each trade. We’ve matched our charts to those offered on the site, and indeed, all of the data is legitimate. Very few day trading courses offer such transparency; the folks at Day Trade to Win / Power Price Action have to be applauded.
The Power Price Action method trades we followed on Friday January 7th, 2011 outline how good or poorly the trades were. The results below show a select few markets we were following today. Even though the Power Price Action method can trade all markets we tested the major currencies and Indexes which are the bulk of traders in the industry. All trades were taken by following the rules in the course.
Euro Currency – EST Time Zone
1st Trade 7:30 - Breakeven
2nd Trade: 8:00 - 10 tick winner
3rd Trade: 9:20 – loss 5 Tick
4th trade: 10:00 - 20 Tick winner
5th trade: 13:15 – 9 tick winner
Emini SP – EST Time Zone
1st Trade 9:30 - 7 tick winner
2nd Trade: 11:00 - 8 tick winner
3rd Trade: 12:30 – winner 7 ticks
4th trade: 13:30 - 1 tick loss
In addition to the six hours of DVD material, eight weeks of live training are included. That’s a real advantage – having an instructor answer questions one-on-one in a trading room. There’s a free video download of the first three day trading course chapters. It’s a sneak peak into the day trading strategy. Also, there are more day trading videos on the videos page, showing how to use the method with a variety of markets using NinjaTrader software.
Traders who are looking for a day trading strategy that works with multiple markets are often left holding the bag. It seems like day trading courses are meant for one market or depend on indicators. Day trading, like any other occupation, should be about freedom; if everyone traded the same way, then the market would become predictable. Markets ebb and flow according to the money / contracts exchanged below the surface. Is it safe to base a trading method on mathematics when the true nature of the market remains a mystery? Certainly not. That’s why price action is the best technique for day trading. Day Trade to Win has been the leader in price action day trading courses, educating students from the ground up for the last few years. Recently, they’ve created an exclusive website showcasing (what I believe) is their best day trading course, Power Price Action. According to the site, traders of all skills levels will benefit from the six hours of DVD video training, with topics ranging from:
Price action trading defined
Understanding markets
Deciding entries and exits
Handling stop losses
Pinpointing trends
This is not a course that will shove a book down your throat with no understanding of the “why” and “what ifs”. In fact, traders can ask these questions and receive answers from course author John Paul. John includes 8 weeks of training, so even if you’re new to NinjaTrader, TradeStation, etc., you’ll get a walkthrough from start to finish. It’s really a great deal. The closest courses offered by other vendors are limited in scope when compared to this course. With two flexible payment options, traders will surely pay for the course in a couple of days with consistent profits.
Day traders everywhere have been searching for the most effective method to day trade. Price Action Trading, trading without indicators, has been a growing movement. Let’s compare the two methods of trading, with and without indicators to better explain and demonstrate which trading method is better suitable for a trader.
Let’s first of all take a look at trading with indicators, the traditional method of trading. An indicator needs price to first to move and then it calculates the next plotted point based on this movement. Therefore, the indicator by definition is already lagging in providing information to a trader about a move up or down in the market which has already occurred. Indicators also have a shelf life, expiration date if you will. What has worked in the past, will most likely not work in the future. This is true for all models of market computation because the market itself evolves too, so the indicator must evolve with it. If the indicator in question has been optimized with historical data, then how will history relate to the forward looking performance when traded? This is a major issue that has day traders lose confidence in their indicators and in their trading.
Price Action trading, on the other hand, is a method of trading where price is used as the primary tool for determining risk and reward in real-time without any indicator needed. This means that you are an independent trader, not dependent on a signal to tell you what to do. In terms of online day trading, price action is the price movement displayed on a clean chart without anything else added to it, as simple as that. The price as displayed and plotted on the chart in real time provides the trader everything that he needs. Expanding on this theory, price action is a method of trading requiring no external trading tools (like indicators), plugins, technical analysis tools or other third-party software for charting purposes. All that is required is an understanding of the market, and a set of rules for interacting with price and the ability to identify price behavior.
Some of the major advantages of price action trading are:
- Its rules apply all across the board so its rules can be used on any market, at any timeframe.
- It trades based on the market behavior, regardless of the circumstance. This means you can trade anytime, even during news events.
- Since no indicators or softwares are needed, price action trading can be used on any platform, as long as you have a clean chart.
- Trading with price action is in real time, fast and accurate, not lagging.
- Price action trading is based on your accurate analysis of the market behavior. That means you have confidence because you know exactly what you’re doing.
Consider next time when you open a chart, what is it that your trading is lacking to make it profitable and consistent.
When a trader gets tired of using lagging indicators he looks for a solution that provides clarity. If he’s informed, educated or even just lucky he will stumble into the Price Action trading world where his eyes will be wide opened. DayTradeToWin has been the leader in price action day trading courses, educating students from the ground up for the last half decade.
Power Price Action Trading is a course that teaches how to day trade price action consistently and intelligently with trades that are easy to identify and have clear, objective rules and setups. The course is a package that’s mailed to you with a Course, videos and software all there to teach you exactly how to interpret the market behavior and even handle spontaneous market situations.
According to the site, traders of all skills levels will benefit from the six hours of DVD video training, with topics ranging from:
- Understanding markets and price behavior
- Spotting profitable entries and exits
- Handling losses
- Predicting trends
And to top it off, they include 8 weeks of live “on the market” hand-by-hand training. The 9-chapter course is a practical and useful learning tool for anyone looking to trade intelligently like the professionals. Day Traders have been waiting for something like this for a long time.
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