The Only Order Flow Based Indicator To Determine When Prices Are Being Rejected!
NOT ALL PRICES ARE THE SAME!!!
The Reason So Many Traders Lose Money With Price Based Indicators Is They Focus Only On Price. They Don't Take Into Account Market Participation At Price. Price Based Indicators Fail Because They Do Measure The Strength, Or, More Importantly, Lack Of Strength At The End Of A Move. That Is Why I Created The Price Rejector.
A Pure Order Flow Based Indicator.
Works On Order Flow Footprint Charts As Well As Normal Bar Charts.
Real-Time Market Generated Trading Signals.
Highlights Areas Of Unfair Price Levels.
Find Areas Where Buying Or Selling Has Been Declining.
Find Low Risk Entries With Big Potential.
Let The Computer Analyze Order Flow For You.
Works On Order Flow Footprint Charts As Well As Normal Bar Charts.
Real-Time Market Generated Trading Signals.
Highlights Areas Of Unfair Price Levels.
Find Areas Where Buying Or Selling Has Been Declining.
Find Low Risk Entries With Big Potential.
Let The Computer Analyze Order Flow For You.
Who Am I And Why Did I Create The Price Rejector?
My name is Michael Valtos and since 1994 I have been trading for banks (JP Morgan and Commerzbank) as well commodity trading houses (Cargill and EDF Man) and for myself. While trading for the investment banks I learned how to get information out of the market and how to trade off that information into a profitable position; when there is an opportunity to earn a significant return relative to risk you get into a position.
While trading at commodity trading houses I learned to think how commercial end-users think; you are always in a position just by being in that business whether or not you chose to hedge a position in the futures market. While trading for myself I learned to take low risk high return trades; I do not try and capture every random move in the market.
What I look for is what I call “Stress Free Trades” which to me are low risk entries that have high profit potential. I have enough stress in my life I don’t want trading to add to it.
Price Rejector is a culmination of my experience in trading the Futures markets. My experience is based on real market experience. The Price Rejector is based on what I looked at in the market and profited from in my trading as an institutional trader and now as a private investor.
When you spend money on a trading tool you need to make sure you know that the person who created it has a solid background in trading. I never started out selling indicators as a way to make money. I started out as a trader and when I left the corporate world and traded for myself people asked me to teach them how to trade. Some traders took to my teachings very easily, while others struggled. That is why I created the Price Rejector - to make it easier for you to trade.
I will be honest with you, the Price Rejector is not the Holy Grail to trading. If you think the Price Rejector will turn your PC into a cash machine where you take money out of the markets at will, don't bother with this trading tool. But if you want a tool that will give you reliable trades with low risk entries then you need to give the Price Rejector a try.
6 Reasons Why You Need The Price Rejector
Easy To Use
- Price Rejector is easy to use. Just import into NinjaTrader and add it your chart.
Analyze Multiple Markets
Easily analyze and monitor multiple markets and time frames without stress.
Stand Out Among Traders
Stop doing what losing traders do. Analyze the market with a better tool.
Better Trading Results
Improve your trading with market generated data as it occurs. Forget lagging indicators.
Analyze Inside The Bar
Price Rejector analyzes what is happening inside the bar based on the volume traded on the bid and offer.
Keep It Simple
Traders try to make the market more complicated than it really it. Keep it simple.
Why Do Most Traders Fail?
The NUMBER ONE reason most traders fail is they think all prices traded are created equal. Not all prices are the same. This is especially true as the market makes highs and lows.
The market exists to facilitate trade to. To find price levels where both buyers and sellers can trade and be happy, in other words a "fair price". In order to find this fair price level the market will go up and go down.
A market will move up and up as traders buy and buy, however as the market reaches its high price level, the level where traders think it too expensive to buy, then buying activity becomes less, selling takes over and the market starts to drop.
The opposite is true when the market is moving lower and lower as traders sell and sell. The market reaches a point where price is just to cheap to sell anymore and selling activity becomes less and less, buying takes over and the market starts to rally.
This is what the Price Rejector looks for. It looks for areas in the market where price is being rejected by analyzing the order flow on several factors:
Ask yourself, what kind of chart do you want to look at? A messy chart with every indicator possible on it?
The market exists to facilitate trade to. To find price levels where both buyers and sellers can trade and be happy, in other words a "fair price". In order to find this fair price level the market will go up and go down.
A market will move up and up as traders buy and buy, however as the market reaches its high price level, the level where traders think it too expensive to buy, then buying activity becomes less, selling takes over and the market starts to drop.
The opposite is true when the market is moving lower and lower as traders sell and sell. The market reaches a point where price is just to cheap to sell anymore and selling activity becomes less and less, buying takes over and the market starts to rally.
This is what the Price Rejector looks for. It looks for areas in the market where price is being rejected by analyzing the order flow on several factors:
- Volume traded on the bid and offer.
- Recent price action
- Market imbalance
- Determines if the market has been trending or trading in a range.
Ask yourself, what kind of chart do you want to look at? A messy chart with every indicator possible on it?
Or a nice, clean elegant chart show you areas of Price Rejection?
If You Are Not Making Money Trading
Its Time To Change Your Approach
Its Time To Change Your Approach
How Does Fresh Work?
1. Stop Following What Loses Traders Money
The vast majority of traders lose money because they follow the same losing methods of trading. The Price Rejector doesn't rehash losing methods or systems. It reads the market generated data to give you trading signals.
2. You Can't Make The Market Do What You Want
The market exists to facilitate trade. The market moves up and it move down. As a trader you want to buy when it trades lower and sell when it trades higher. The problem is you often don't know when a low is made or a high is made. That is where the Price Rejector comes in - it shows you reversal areas where potential highs and lows are being made.
3. Find Better Trade Entries
I know the feeling. You enter into a trade and seconds later, almost out of nowhere an opposing force comes in and stops out your position. That is part of trading. What the Price Rejector does is look for low risk entries so that when the unexpected force comes in you don't get mauled.
4. The Key To Trading Is Being Consistent
The reason why successful traders make money on a regular basis is because they are consistent in their trading. I created the Price Rejector to take the objectivity out of your trading decisions.
Stop Doing What Losing Trader Do -
It's Wrong!
It's Wrong!
Are you using MACD, RSI, pivot points or any other type of price based indicator? If you are then you are trading with incomplete information. You have to include volume into your analysis.
Markets don't reverse because the market reached an overbought or oversold level. Markets don't reverse because an oscillator crossed the zero line. Markets don't reverse because you draw a line on a chart.
Markets reverse because the market price becomes too expensive or too cheap. Traders aren't willing to continue buying when the price become too expensive nor are the willing to continue selling when the price becomes too cheap. That is basic Economics 101, yet most traders fail to connect the dots because they don't look at the volume, or in other words, participation or lack of participation when prices reach highs and lows.
What do I mean? Let me explain what I am talking about...Pivot levels work when the level is a level that many other traders are looking at that level. If you think you are clever and you are the only one who is going to pick a level that no one knows about, the chances are that it’s not going to hold because who is going to come in and help stop the market? You can’t do it yourself, not unless you are a big commercial trader or something like that. Markets don’t turn because they reach a magical, mysterious level. Markets turn because there is no more selling or no more buying.
Markets don't reverse because the market reached an overbought or oversold level. Markets don't reverse because an oscillator crossed the zero line. Markets don't reverse because you draw a line on a chart.
Markets reverse because the market price becomes too expensive or too cheap. Traders aren't willing to continue buying when the price become too expensive nor are the willing to continue selling when the price becomes too cheap. That is basic Economics 101, yet most traders fail to connect the dots because they don't look at the volume, or in other words, participation or lack of participation when prices reach highs and lows.
What do I mean? Let me explain what I am talking about...Pivot levels work when the level is a level that many other traders are looking at that level. If you think you are clever and you are the only one who is going to pick a level that no one knows about, the chances are that it’s not going to hold because who is going to come in and help stop the market? You can’t do it yourself, not unless you are a big commercial trader or something like that. Markets don’t turn because they reach a magical, mysterious level. Markets turn because there is no more selling or no more buying.
Not All Prices Are The Same
One thing that is critical to understand is that if you look at standard technical analysis, by and large, everything is predicated on changes in price.
Rather than thinking in terms of price, percentage movement, or other non-visual mathematical references, think in terms of levels you can see quickly and early.
Why does the market turn at certain price levels? Supply and demand is a basic way for traders to determine if the market is cheap or expensive. If you are watching the market, looking at your charts and you are not able to determine when the market is trading cheap or trading expensive, then you are at a serious disadvantage because professional traders, the ones who have a lot of money behind them and are users of the commodity, know when prices have become cheap or expensive.
Rather than thinking in terms of price, percentage movement, or other non-visual mathematical references, think in terms of levels you can see quickly and early.
Why does the market turn at certain price levels? Supply and demand is a basic way for traders to determine if the market is cheap or expensive. If you are watching the market, looking at your charts and you are not able to determine when the market is trading cheap or trading expensive, then you are at a serious disadvantage because professional traders, the ones who have a lot of money behind them and are users of the commodity, know when prices have become cheap or expensive.
Price Rejector In Action
A picture is worth a 1000 words, but a chart is worth money. So let's see how the Price Rejector actually performs.
Here are charts form April 21, 2021 covering various markets, the same 1-minute chart, with the EXACT same default settings that come when you first add Price Rejector to your chart. You are free to adjust the settings as you see fit. The settings are explained in the 55-page user guide.
Judge for yourself if the Price Rejector has value:
Here are charts form April 21, 2021 covering various markets, the same 1-minute chart, with the EXACT same default settings that come when you first add Price Rejector to your chart. You are free to adjust the settings as you see fit. The settings are explained in the 55-page user guide.
Judge for yourself if the Price Rejector has value:
ES 1-minute chart:
CL 1-minute chart:
UB 1-minute chart:
GC 1-minute chart:
Yes, Price Rejector Works On Normal Bar Or Candlestick Charts!
ES 1-minute chart:
CL 1-minute chart:
UB 1-minute chart:
GC 1-minute chart:
Here is an in-depth presentation on the Price Rejector (warning it is an hour long video - so get some popcorn and soft drink).
Update
We have added the Trade Entry Signal feature to the Price Rejector!
We have added the Trade Entry Signal feature to the Price Rejector!
This has become a game changer for many traders! Trade Entry Signal – This setting can be enabled or disabled. If you just want to see every time the conditions are met for a signal to be generated, then you would simply disable the Trade Entry Signal.
However, when trading with order flow, it is always better to take a trade in the direction of the market and the Trade Entry Signal allows you to do that.
Trade Entry Signal – default is enabled.
The Trade Entry Signal is something I use in my trading. I use it to help me determine to take a trade or pass on the trade. It keeps me out of bad trades, the trades where there is no follow through order flow in the direction of the trade. If there is no follow through order flow, the probability the trade will work out is decreased and has a higher chance of failing.
The Trade Entry Signal, when enabled, will signal after the signal bar when the subsequent bars exhibit complimentary order flow in the direction of the trade signal.
You can choose to use the Trade Entry Signal or not use it by unchecking the box next to the word Enable. Note – The zone will still draw if you choose, but there will be no signal drawn. Up arrow or down arrow.
When enabled, a BUY Signal (Blue Triangle Up) will print only after the signal bar closed and the next bar(2) start moving in the direction of the signal. The signal will print on the bar that has the confirming price action after the signal bar. A SELL Signal (Red Triangle Down) will print only after the signal bar closed and the next bar(2) start moving in the direction of the signal. The signal will print on the bar that has the confirming price action after the signal bar.
Trade Entry Signal – When disabled, a BUY Signal (Blue Triangle Up) will print on the bar as soon as the conditions are met. A SELL Signal (Red Triangle Down) will print on the bar as soon as the conditions are met.
Note: As the bar is forming and the order flow is coming in a signal may appear and disappear based on the order flow. But once the bar is closed and there is a signal, it will not disappear or repaint.
Trade Entry Signal – When enabled, a signal will print on your chart in the bar(s) immediately AFTER the signal bar, not directly on the signal bar.
What this means is when the conditions of the Price Rejector are met, for a trade signal to be generated, the order flow in the next bar(s) needs to be in the direction of the trade signal.
You can decide how many ticks you want the market to start moving in the direction of the trade for a trade signal to be generated. I use 2 and the default is set to 2. In slower moving markets, you can adjust it to 1 if you like.
You can decide in how many bars you want the market to start moving in the direction of a trade for a trade signal to be generated. I use 2 and the default is 2. This means the market must move at least 2 ticks in the direction of the trade within the next 2 bars for a signal to be valid.
However, when trading with order flow, it is always better to take a trade in the direction of the market and the Trade Entry Signal allows you to do that.
Trade Entry Signal – default is enabled.
The Trade Entry Signal is something I use in my trading. I use it to help me determine to take a trade or pass on the trade. It keeps me out of bad trades, the trades where there is no follow through order flow in the direction of the trade. If there is no follow through order flow, the probability the trade will work out is decreased and has a higher chance of failing.
The Trade Entry Signal, when enabled, will signal after the signal bar when the subsequent bars exhibit complimentary order flow in the direction of the trade signal.
You can choose to use the Trade Entry Signal or not use it by unchecking the box next to the word Enable. Note – The zone will still draw if you choose, but there will be no signal drawn. Up arrow or down arrow.
When enabled, a BUY Signal (Blue Triangle Up) will print only after the signal bar closed and the next bar(2) start moving in the direction of the signal. The signal will print on the bar that has the confirming price action after the signal bar. A SELL Signal (Red Triangle Down) will print only after the signal bar closed and the next bar(2) start moving in the direction of the signal. The signal will print on the bar that has the confirming price action after the signal bar.
Trade Entry Signal – When disabled, a BUY Signal (Blue Triangle Up) will print on the bar as soon as the conditions are met. A SELL Signal (Red Triangle Down) will print on the bar as soon as the conditions are met.
Note: As the bar is forming and the order flow is coming in a signal may appear and disappear based on the order flow. But once the bar is closed and there is a signal, it will not disappear or repaint.
Trade Entry Signal – When enabled, a signal will print on your chart in the bar(s) immediately AFTER the signal bar, not directly on the signal bar.
What this means is when the conditions of the Price Rejector are met, for a trade signal to be generated, the order flow in the next bar(s) needs to be in the direction of the trade signal.
You can decide how many ticks you want the market to start moving in the direction of the trade for a trade signal to be generated. I use 2 and the default is set to 2. In slower moving markets, you can adjust it to 1 if you like.
You can decide in how many bars you want the market to start moving in the direction of a trade for a trade signal to be generated. I use 2 and the default is 2. This means the market must move at least 2 ticks in the direction of the trade within the next 2 bars for a signal to be valid.
Here is another great example of how the Trade Entry Signal will protect you by keep you out of trades you should not be in. Often times markets go sideways or opposing order flow comes in. There is no way to know beforehand if a trade is going to fail. Or is there? Based on the order flow there are 10 potential trades to take. Out of the 10, the Trade Entry Signal only gave you actual trade signals when there was follow through order flow enabling you to catch the trade that worked and kept you out of 3 losing trades! There was no follow through order flow.
Imagine the improvement in your own trading results by staying out of the bad trades!
The Trade Entry Signal is a GAME CHANGER for many traders because it keeps you out of potentially losing trades. Imagine how your trading results can improve if you can remove a portion of trades you should take that lose. I know you have experienced the sinking feeling of getting into a trade and it immediately go against you and then stop you out. It sucks. The Trade Entry Signal is designed to keep you out of those trades. While it won't keep you out of all them, it will keep you out of many of them.
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Frequently Asked Questions and Answers:
Q: What trading platform does the Price Rejector run on?
A: It runs on NinjaTrader 8.
Q: Can I automate Price Rejector?
A: Yes, Price Rejector is compatible with tools such as Markers Plus from the Indicator Store.
Q. Is the Orderflows Price Rejector the same or the Price Rejector Pro from Emoji Trading?
A: The Orderflows Price Rejector is the original. The methodolody was shared with Emoji Trading and adjustments were made to his trading style. I do not provide technical support for the Emoji Trading version of Price Rejector.
Q: Do I need to use an order flow footprint chart to use the Price Rejector?
A: No. You can run the Price Rejector on normal bar and candlestick charts.
Q: Will signals show up on historical data?
A: Yes, Price Rejector will show up on historical charts, but you need to enable tick replay on NinjaTrader 8 to the data can be analyzed.
Q: When I load the Price Rejector on my chart I don't see any signals?
A: The Price Rejector reads the traded bid volume and traded offer volume. The Price Rejector needs NinjaTrader 8's tick replay enabled.
Q: What is the best market to trade the Price Rejector in?
A: The Price Rejector will work on just about every Futures market.
Q: How many computers can I install the Price Rejector on?
A: One. The Price Rejector registration is machine specific. However additional licenses are available at reduced prices. We use a license token system that is linked to the unique machine ID of NinjaTrader.
Q: Will the Price Rejector repaint?
A: No. The Price Rejector is a real-time indicator that plots as soon as the data in the bar meet the requirements. As the bar is still forming the signal may appear when the conditions are met, but disappear as the conditions are no longer met. However, once the bar is closed and the conditions are met, the signal will not repaint.
Q: Can I link a sound file to the indicator?
A: Yes, you can link a sound file to the indicator.
Q: Can I get a free trial?
A: Unfortunately not anymore.
Q: Do You Offer A Guarantee?
A: While trading results will vary. Everyone trades differently and not every tool is for every trader. With that in mind we do offer a 14 day refund. Just email us.
Copyright 2021 - http://www.pricerejector.com - All Rights Reserved
All Rights Reserved. Reproduction without permission prohibited. All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Orderflows.com & Pricerejector.com and are not meant to be a solicitation or recommendation to buy, sell, or hold securities.
The information presented herein and on our web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed.
Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ material due to many factors.
RISK DISCLOSURE:
Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLAIMER:
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.
The information presented herein and on our web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed.
Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ material due to many factors.
RISK DISCLOSURE:
Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLAIMER:
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.
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