Learn To Trade With Price Action Special Edition
Вставка
- Опубліковано 28 бер 2013
- priceactiontradingsystem.com
This is a special holiday video to discuss how we use our videos and and purpose of them for our training procedures. Futures, stocks and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than their 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. Our full risk disclosure can be found at priceactiontradingsystem.com/... . - Навчання та стиль
It's nine years later and Mack is still making videos. I'm so glad that you have kept making these videos, Mack, I really appreciate all you do.
Most of us on here really appreciate it. Thanks for your generosity!!!
What you are doing Mack, very few people can understand. And I totally appreciate what you are doing. 👍
Mack, its very common in this business to get people who want to be 'traders', yet they want to be told what to do and how to do it. As you know, you could give some of these naysayers a perfectly good trading system, and odds are they still wouldn't be profitable, they just don't 'GET IT'. I'm in my third month of trading the ES live, and I've made the cost of the manual MANY times over. Thanks Mack, your insight as a professional trader is invaluable, god bless, from down under.
That's just wonderful,I'm so appreciate. Many thanks!!!
Thanks Mack!! Great video, very informative as always
GREAT GREAT GREAT video, Mack! Thanks
Love your opening rant lol. Well said. We really appreciate your content. I've struggled with finding a way of trading that fits my personality and keeps me disciplined, until I found your videos. Thanks Mack
Thanks Mack. I've traded live for more than 5 years with marginal success. It wasn't until I found your videos and listened to your advice that my trading improved remarkably. The past 7 months are my most successful ever. It's a true blessing to have you offer such valuable information for free. I'm on the Sim since last October 2012. If my trading continues it's current course I will be live sometime in August 2013.
You are deadset a genuine legend mate, you should be proud of what you do.
Thanks for this video man! I appreciate it a ton.
I really appreciate your efforts. They are dull minded Guys
I do appreciate you taking the time to share your trading ideas. Very generous in a world where most people ONLY care about money.
This video is very helpful. Thank you!
Thank you, Mack!
Don't change a thing. I've seen others videos in search for the right path. You are the only one I follow now. Thanks for all!
I very much appreciate your videos and watch them daily. I consider them a gift from someone that wants to share his knowledge and wish others success. Thank you so much.
Excellent , thanks for sharing.. it is appreciated my most......
Great Vid, Watch a lot your vids to clean my mind and always remenber that trading is simple, but not easy, lol... it helps to fix my eyes about the candles and its language... Big hug from Brazil! Thanks!
Thank you very very much. Best wishes to you & family.
Brilliant content. Well said Mack!
Great job. Thank you brother
Thanks for uploading this on a holiday,another thing never mind the negative,stupid comments you might receive.I appreciate the time you put into these videos Mack.
Great job. Thank you
Great video. I appreciate your work bro.
thanks for the video. I completely understand what you said about the naysayers. I visit forums regularly, and there are a few very helpful people who go out of their way to help newer traders learn how to trade. They are attacked daily by the same people you referred to. I put them on ignore once I reveal them.
This is great, thank you.
thank you very much mack!!
can you please show in the next videos more gap examples like you showed today, in time it will go down to me like the second entry you teach.
thanks!!!!
Watching this in 2020!
PREACH MAN!!!
I for one appeciate what your doing. Thank you. I like when you do critiques of your group people and your videos on looking for those sweet spots.
great vid, i have a question, vid at 25:00 showing the low from were price has bounced and price tried to break upside 3 times and on 4th time 25:12 were you have marked the circle price actually took off,if i was actually trading it live i would have taken the 3rd breakout. is it a right entry??
Portuguese is easy, English is hard!!! Just kiddin', I'm brazilian. Learning any language is so hard.. you have to exposure yourself, EVERY DAY, I agree with you!!!
You can speak Portuguese, awesome I am from Brasil 👍
10 years old video. Hi still have the same strategy.
Thanks... Good stuff your sharing is appreciate and is retourn law !
I'm doing fine. Starting trading live last week of July. Just part-time since I still hold my full-time job. It's harder to trust the setups live with real money. I know it's just psychological but I'm gonna die from a thousand cuts if I don't over come it. I'll get there there. I can kill it on the simulator so it's just getting over the fear of pulling the trigger on the right trades every time and not getting shaken out.
Are you still trading?
Thanks! My wife's from Brazil. Just subscribed :) I look forward to learning from you. Are you using a five minute chart?
+MrArtist1971 We use either a 2000 tick or a 6500 volume. They are basically very similar, so choose either one.
Hello mack. I've been trading Forex with price action. I been studying al brooks a lot and now theese vids. I think forex is ok. And what I've learned works just ok on forex. Becuase its so volatile and unpredictable. I tried what I knew on a 30 days demo with the e-mini Russel & S&P. Some times crude oil. I think it was easier. The markets seems "better".
Can you reccomend some good stocks/futures? Dont really wanna pick between 5 thousand different ones.
Keep up the good work.
-John
Oustanding video-
I thought the trend broke right after the double top. Meaning the trend line would go up there, thats what I thought and that the problem I've been having understanding where to direct and end the trend line. First Trend line 15:37
Good video my friend. Question here, I see you used ticks here, does this apply for minutes time-frames too?
He recommends 5 minute or 6500 volume for this strategy if you don't have access to Tick charts
I use the 1 Minute chart and trade this way. This strategy works in any market on any type of chart, but I prefer minute charts.
do you have any mentor?
Would this brand of trading still be applicable trading under the 1m (for scalping)?
Yes, but you will find it very difficult and there will be too many failed trades at that level. If you have to use time based charts, 5 mins is more reasonable, but if you get good you can likely drop to 3 min charts. If you want to do this for a living, don't skip on your tools. It's like taking a knife fight to a gun battle. You can not be at a disadvantage and expect success. Get the proper tools.
I do not see the so-called gaps. It opens at the same place where the last candle closed. There isn't a gap that I see.
Could somebody explain to me, or point me to a good source, about those "gaps". I don't see any gap where Mack talks about them on that chart. I wonder what a gap is for him. For me, a gap is a difference between the close price of a bar and the open price of the next bar. If there is a difference, that is a gap. Would be grateful if somebody could shed a light on the matter.
The issue here is you are only seeing me talking about these gaps from previous questions and where I pointed them out on previous charts. There are no actual gaps on this chart as they were all filled.
What I'm talking about is where one bar closes on it's high and then the next bar opens on it's low or in reverse, one bar closes on it's low and then opens on it's very high, but the second bar does not back up and create any over lap between the two bars. Look at any chart and you will notice that probably 99% of all bars overlap one another. It's rare when there is no overlap between two side by side bars in the ES.
Basically when I am talking gap here, I am insinuating that there is no over lap of two side by side bars. Notice on all of these examples, the prices back up again and the bars actually do over lap. Well, sometimes prices don't back up and there is no overlap of the bars. That is when you will have a small gap or no overlap really and that is what I am talking about in this video.
Thanks Mack for clarifying this for me. I enjoy watching your videos. Please keep them coming. Cheers.
@@PATsTradingThanks very much for the explanation!
can somebody link to Mack's results in Feb?
ua-cam.com/video/8S57OatI00E/v-deo.html
@@clairesinn6408 thanks for that! watching this in 2022. Did you get the link from Mack's forum?
I find that some of these older videos are better than the new ones. Thanks Mack
You gotta be talking about Al Brooks. Just a guess. His stuff is very helpful for new traders. He does a better job than Mack does explaining how and why the market moves in measured legs and where the proper profit points are based on when smart traders are entering the market. Mack has a better trading strategy though. I don't like taking huge stops.
Around 17:23 , what he calls 2nd-entry long trap could just as easily be called a 2nd-entry short. What these "2-legged pullback" cultists fail to grasp (or refuse to admit) is that EVERY sequence of 3 consecutive legs is a 2-legged pullback. Therefore, EVERY leg on the chart is the 2nd pullback of a 2-legged pullback.
I can tell you haven't read his manual at all....
@@xshinnyshinx I can tell you're one of the 2-legged pullback cultists. No point in trying to reason with someone who belongs to a cult.
@@herrickinman9303 you're right, that is also a 2nd entry short and you could justify a long trade there, however look to the left and you could see a double top and also see lower highs being made on the 2-legged move. This is a sign of a small down trend pullback forming. Also the previous bars from where the double top was made look a bit congestive which suggests to skip this trade as the pullbacks do not work as well in congestion (ranges). Context is important
Talks too much. Teach little.
Excellent , thanks for sharing.. it is appreciated my most......