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There is already a chart lesson that talks about how we look for hidden price patterns within the price action, but I have received so many questions on this lately that I thought I would do a follow up. If you haven’t already watched the previous lesson, you can find that one here. Just understand…...
Many new price action traders get confused about what we do as chart readers. They do not understand that reading a price chart is much more than spotting patterns. Yes, we are interested in certain patterns, but we are only interested in these patterns when they form at the proper trade entry locations! Read that…...
This is a quick video that will walk you through the steps to install a NinjaTrader indicator. It is fairly straight forward, but if you have never done it before, you might need some help. Just remember though, NT has videos that describe almost everything you need to know about NT, so be sure to…...
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…...
I get more questions on trend lines than just about anything else, so I am going to be revisiting trend lines today. After all, getting the trend right so that you know when there is a break is important to understanding when a trend is fading and about to reverse. Even with our trend line…...
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I continue to receive a lot of questions about failed second entries, so we will cover this chart pattern in today’s lesson. The first thing I want to say about failed second entries is that you must learn to easily spot regular second entries before you can begin to watch for failed ones. Step one…...
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…...
Today we are going to take a step back and discuss some price action basics. Today’s topic is such a major piece of the puzzle that the importance of it is often lost in the shuffle. For this reason, I felt like we needed to go over some of the basics for those that did…...