I just wanted to wish everyone a happy new year and the best of success in 2015. As you will always here me say, day trading is a very small club when it comes to success, but not for the reasons that most people think. Most think it can not be done and that only a
I have received an exceptional number of comments about my “soapbox” comments from Wednesday’s YouTube video, so I decided to take that portion only from the video and add it to a new post on the website to make it easier to find. I think what makes some of my soapbox stuff work so well
Often, I am asked about first entries or when is it OK to take one-legged pull backs to the EMA or trend line. The answer to this is rather simple, although it is a complex decision all the same. What I mean by that statement is that in most cases, we are looking for second entry...
One of the biggest mistakes traders make is not entering at the proper time during pullbacks. Our goal is to always enter on corrections during pullbacks, and while many of our students understand this, they do not understand the importance of “entering at the lows” of the swing in up trends, or the “highs of...
Today we are going to do something different. I named this getting inside Mack’s brain, because I think it allowed me a chance to let you see some of the things that are going on in my head that you might have missed by just watching the videos or reading our manuals. This stuff is often...
One of the things that separates good traders from average or even bad traders is patience and limiting trade entries. Experienced traders know to wait on the proper times to enter a trade, while limiting the number of trades they will take as well. Most inexperienced and losing traders actually do just the opposite and over...
Our last lesson was one in which we went back to some of the basics of price action, so this will be an extension of that thought process and will concentrate on support and resistance basics. The previous lesson was intended to help you figure out if the market is trending up, trending down or...
Lately I am getting a lot of questions on when you can start taking trades in the opposite direction of the trend, or when is counter trend trading OK? First, counter trend trading is really never OK. There are some clear rules on following the current trend, but even after those rules or stipulations are...
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. If you want some additional information on Japanese candlesticks outside of what I am about to cover in this lesson, you can go...
NOTE: Â The premium section does not take the place of the Price Action Manual, at least not yet. Â You need the manual first and foremost, and then the premium section simply goes into more details on some of the more difficult issues that you will encounter when trading the price action. We wanted to get
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