A current student by the name of Jorge sent me this trade example. It was a nice set up, taking a lower high on a failed break out of congestion and at the midline of a large down channel while the market was still strongly down at the time. This was a great read by Jorge and a good trade overall. I am posting his email that came along with the video below.<\/p>\n\n\n\n
Hi Mack,<\/p>\n\n\n\n
I’m sending this screencast of this Lower High I just took \ud83d\ude42 Got 4
points. Almost reached runner by 2 ticks but 4 points was great
regardless. <\/p>\n\n\n\n
Thought you might get a sense on how your students actually trade by
showing you a clip instead of a picture. The progress I’ve been making
it’s all thanks to you. I never traded before; never followed anyone
else’ strategy so I had the advantage of not having to “unlearn” crap.
Nevertheless, I’m in kindergarten and still learning!<\/p>\n\n\n\n
Thanks!<\/p>\n\n\n\n
Jorge<\/p>\n\n\n\n
I often find that traders with no prior trading experience learn this and succeed at it faster than those that have previous trading experience. Most that have previous experience are too busy trying to fit the best pieces of our strategy into an already proven losing strategy. It would be better if most of you threw out the old stuff completely and simply trust the system I am offering you. It works if you will only embrace it and trust it, and use it fully as designed rather than trying to change it up.<\/p>\n\n\n\n
The only think I would have done differently is put my stop in the correct place, which is one tick above the signal bar. If you leave it inside the signal bar as he did, you will often get stopped out on perfectly good trades. Otherwise, this was a good read and trade. <\/p>\n\n\n\n
Thanks for sharing the trade Jorge and nice work!<\/p>\n\n\n\n