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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Breakout Pullback Trades

Mack

Today’s lesson is going to be short and sweet, but it’s on a subject that many struggle with, and that’s breakout pullback trades.  These types of entries can be very tricky, and...

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Traps Can Make Price Action Traders Quick...

Mack

One of the best but least understood trade patterns are what I refer to as “traps!”  While most traders don’t even know about traps, those that do understand them also understand how...

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Measured Moves In The Price Action

Mack

One of our most reliable tools for finding targets and understanding where prices are headed is by the use of measured moves in the price action.  Like anything price action related, it...

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