Japanese Candlesticks

Mack

I have done at least one previous article on candlesticks, but some of you have asked me to talk more about them, so Japanese Candlesticks will be our lesson topic for today. ...

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Spike And Channel

Mack

While there are not a lot of difficult details to understanding a spike and channel, I am getting a lot of questions about them all the same, so today’s lesson will cover...

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Managing A Trade

Mack

One of the main reasons day traders lose money is that they do not trust their evaluation of the price action  A lack of trust in your own ability to read a...

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Failed Second Entries

Mack

I get a lot of questions about both second entries and failed second entries.  I have done so many lessons and articles on second entries that there really is not much more...

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Finding Channels

Mack

You will often hear me say that your trend lines do not have to be perfect, but rather they can be close and you can still come to the same conclusions about...

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Safety Stops

Mack

Today we are going to talk about safety stops and the proper use of them.  When using safety stops, it is important that we use the price structure itself to help ensure...

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Congestion

Mack

Today we are going to do a closer analysis of congestion by doing a bar by bar overview of some examples.  Rather than spend a lot of time re-hashing congestion, make sure you...

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Trading Psychology

Mack

What many aspiring traders do not understand is that learning to day trade consists of two important steps, one of which is a good strategy and two which is trading psychology.  Step one...

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Multiple Charts

Mack

I get asked rather often as to whether or not multiple charts are necessary when day trading, so I will address that for you today.  One of the things I love most...

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Market Open

Mack

One of the hardest things for new traders to determine is what is happening at the market open. What I mean by this is that newer traders struggle to determine if the...

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