Failed Second Entries

Mack

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...

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Support And Resistance Basics

Mack

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...

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Price Action Basics

Mack

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...

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The Truth About Day Trading

Mack

One of the things that most traders assume is that they can get rich quickly as a day trader.  They come into this business with fantasy beliefs rather than looking at things...

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Counter Trend Trading

Mack

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...

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Price Action Tests

Mack

One of the things that many traders fail to clearly understand is that a market will test specific price areas, or make what I call price action tests or retests if you want...

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Day trading Success

Mack

Occasionally I will get an email from someone that tells me that they heard me say something in a video or trading lesson in which they had never heard me say before,...

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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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