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Build Your Trading IQ

Basics, building blocks & resources for new traders

Add Indicators to the NinjaTrader 8 Beta SuperDOM!

By | April 7, 2016

One of the 500+ user driven enhancements featured in NinjaTrader 8 Beta is the ability to add price action indicators to visually display values in the SuperDOM!

Current NinjaTrader users familiar with adding an indicator to a chart will feel right at home when adding an indicator to a SuperDOM as the process is largely identical. Read More

Analyze Price Action on Multiple Timeframes with Global Drawing Objects

By | April 5, 2016

NinjaTrader is equipped with a number of native drawing tools to aid in your technical analysis.

Drawing Objects can be applied to a specific chart or to the chart of the same instrument. When a drawing object is applied to all charts of the same instrument, it is considered global.

When analyzing price action on multiple timeframes for a particular instrument, consider activating “Global Drawing Objects” which will allow you to keep your analysis consistent and prove to be a nice timesaver in the long run. Read More

What You Need to Know to Get Started in Futures Trading

By | March 30, 2016

Traders new to the industry can often be overwhelmed by industry jargon and terminology. Thus, as aspiring traders do their due diligence to get educated and familiarize themselves with industry norms, it’s important to focus on the fundamentals. Below you’ll find some rudimentary information that all Futures traders must know. Read More

Crude Oil: Bullish or Bearish?

By | March 28, 2016

The recent rally in Crude Oil prices has caught the attention of many investors. Following the bullish run to round off August 2015 after the CL hit a low of roughly $45, many thought the CL had finally met its foe. However, the bearish trend prevailed triggering the unbelievable lows dipping into the $20 range in February.

Over the last 5 weeks, Crude Oil prices have rallied roughly 50% off their lows, but will this bullish trend continue? Or, will record high inventories reported by the U.S. Government put a damper on the run?Read More

Practice, Practice, Practice with Market Replay!

By | March 17, 2016

Malcom Gladwell, staff writer at The New Yorker & author of bestseller, Outliers, popularized the theory that it requires 10,000 hours of practice for one to become a master of a particular skill.

Just like any other skillset, if you want to master trading, it requires practice. However, with the markets only producing a limited amount of live data per day, reaching that 10,000 hour threshold can appear daunting at best. Read More

Break the Vicious Cycle: SIM Trading vs. Live Trading

By | March 4, 2016

For those new to trading, aligning expectations based on the SIM trading environment versus live trading often poses a significant challenge.

For many traders, the point of SIM trading should be to become mechanically-sound. Are you going to learn what it feels like to have a position on that’s going against you in a simulator? Well, you’ll get a taste of what that feels like, but in all honesty, it’s just that—a taste. To be perfectly honest, it’s nothing like what you feel when you’re trading live capital.Read More

Identify Reversals with the Fibonacci Drawing Tool

By | February 23, 2016

A popular tool commonly used by technical analysists is the Fibonacci Retracement. This the process of identifying potential retracements in price by using horizontal lines to indicate areas of probable support or resistance before the price continues in the direction of the prevailing trend. It is accomplished by drawing a trend line at a swing high, to a swing low (or vice versa), then dividing the trend line by key Fibonacci levels which are 23.6%, 38.2%, 50% and 61.8% and 100%. Read More

Harness the Power of Semi-Automated Trading

By | February 4, 2016

Automated Trading has taken the industry by storm over the last few years. Both discretionary and automated trading have their benefits depending on one’s trading style, risk capital and stomach for trusting a robot do the work for you. But what about a middle of the road approach that combines the best of both worlds?Read More

Choosing Futures – Where There is Risk…

By | January 14, 2016

The old adage “without risk, there is no reward” greatly applies to the life of a trader, regardless of which market a trader chooses to trade in. Still, there are investments that are considered safer because of their likelihood to produce steady, Read More