Day Trading Is Mostly Mental

Mack

I have been fielding a lot of questions lately on trading psychology, so today we are going to talk about why day trading is mostly mental.  If you break trading down to the very...

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Bid/Ask Indicator

Mack

I get a lot of requests for the Bid/Ask indicator that I use with NinjaTrader, so I am adding it here for anyone that wants it to download.  This indicator will work only...

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High Volatility And Large Signal Bars

Mack

I have gotten a few questions about the high volatility and large signal bars we are experiencing lately.  These large bars and additional volume make it difficult to enter using our minimum 2 point...

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Custom Volume Counter

Mack

Another PAT$ trader shared this custom volume counter with me today.  It puts the countdown right next to the latest price bar so that you can easily see it.  It’s pretty nice, and...

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Why I Do Not Trade Forex

Mack

Today I am going to discuss why I do not trade Forex markets. Traders approach me often asking if price action will work in Forex, and the answer is a simple “yes!”...

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Price Action Minor Updates

Mack

I am adding a minor addendum to the price action manual that covers some very minor changes, including the move to the volume charts versus using the tick charts.  Nothing earth shattering...

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Trading Forums and Trading Rooms

Mack

Today I am going to talk about trading forums and trading rooms. I get so many requests to do a trading room or add a trading forum to our site that I...

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New Charting Option For PAT$ Members

Mack

In an effort to continue to provide the best commissions possible, we have been able to negotiate a new charting Option for PAT$ members.  For now, new members are still able to use NinjaTrader, and...

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Mid Day Chart 2-27-2015

Mack

While I see a clear two tiered channel working lower, it is so flat that it is more like a range type day than a trend day really at this point in

Live Failed Second Entry Short, Long Trade

Mack

This morning I recorded a live failed second entry short, long trade.  I get a lot of questions about these trades and people can not seem to wrap their minds around how...

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