So if I understand correctly, key entry points (or key locations) are areas that are found in the macro movements of the price action with a strong expectation of correction. And that expectation is based on certain conditions for trending days and range days.
Technically you should of been stopped out of that trade as your SL should be set one tick below the signal bar, not like 20 ticks below. Also can see how primitive your strategy / charts are here compared to where you are now. I personally wouldn't of traded here as there isn't a clear trend / range or second entry pattern.
Bad read, bad mistake by Mack. Impressive to see how he has grown.
Discovered Mack recently and I have a spring I’m my step because if it. Thanks Mack.
are you consistent now?
I think there is a lot to learn from these „old days“.
I agree. I am going back through all these old days to glean more information.
So if I understand correctly, key entry points (or key locations) are areas that are found in the macro movements of the price action with a strong expectation of correction. And that expectation is based on certain conditions for trending days and range days.
One tick!
That was a white knuckle ride.
I wouldn't call this a reversal, just a pullback at this point
Technically you should of been stopped out of that trade as your SL should be set one tick below the signal bar, not like 20 ticks below. Also can see how primitive your strategy / charts are here compared to where you are now. I personally wouldn't of traded here as there isn't a clear trend / range or second entry pattern.
Macks manual mentions a maximum safety stop of 8 ticks. Looks like his stop was exactly 8 ticks away from his entry here.