-Where do I start, what is the process to learn price action trading?
The first step is to purchase the Price Action Manual. It has all of our strategies, including the most important piece of the puzzle, our instruction on how to know what prices are doing and where they are likely heading next. Market geometry is real, and we show and prove this every day in our YouTube lessons, and this manual will teach you how we do it. The Price Acton Manual also includes our full scalping strategy along with how we set up our scalp and run technique. While it is not necessary, you can also join the Premium Members Area, but do not make the mistake of joining the members area without first buying the Price Action Manual, as the Price Action PDF is the main learning tool that puts everything together.
– What is in the Premium Members Area and why join that?
The Premium Members area has additional video lessons that compliment what we teach in the Price Action Manual. While it is not mandatory that you join the premium membership to learn our strategies, the feedback has been great and members say that it definitely helps in the learning process to speed things up and clarify how some things are done. Anyone that buys the price action manual can get a $25 discount off of the cost of the membership area, all you have to do is ask for your discount code in advance before joining. To receive your discount code, send an email with your qualifying purchase ID # found on your receipt to Mack at this address.
In addition to the above, you will gain access to our PATs trading support forum where you can ask questions and interact with other students. I also post a daily mid morning copy of my chart in the members area along with some short commentary. The purpose of this mid morning chart is to give you a look at my personal trading chart and to help you to see what I am seeing early in the trading day. Our hope is that by seeing my chart, you will get off to a better start in analyzing your own trading chart each day.
Finally, we post many of our proprietary NinjaTrader charting tools in the members section for free download for our current members. Note that we provide these free tools as a courtesy to our students, but I do not support them and I cannot help you install them or work out issues if you are having troubles with them. You can ask for help in the forum and likely get it, just please do not email me directly for support with them. I also strongly encourage you to back up those tools once you download them, as I cannot email them to you after your membership expires, so back them up like any other important software if you wan to be certain you continue to have access to them after your membership expires. You can follow this link to find out more information about our premium membership.
– I have your Price Action Manual now, what is the learning process?
You should read through the manual multiple times, going back and studying it in sections, as there is just too much to take in with only a read or two. Some of the information may seem trivial or unimportant the first time or two you read it, but as you start to pick up some of the basics, you will then understand that many items you overlooked will now make sense to you.
As you study each section in the manual, go to the articles and video lessons that correspond to that information and review those as well, as you will pick up further information and instructions from them. Our better and most recent video lessons are in the Premium Members Area, but there are a lot of free ones you can read and view as well.
Lastly, trade the simulator as much as possible using live data. Use what you are learning to help you to try and take the right trades and entries, then study your trades diligently at the end of each day. This extra study of your trading day is the key to success really. Learn your tendencies, both good and bad, and use them to improve your trading going forward.
– Why doesn’t my tick chart look like your tick chart?
Tick charts are not static like time based charts, so no two tick charts will look exactly the same. This is not a problem though. As long as your patterns and total number of bars are very close or identical, then that is good enough. Yes, some signal bars may look better on my chart than your chart, but most likely, other set ups on your chart will have better signal bars than my chart, and in the end, it all works out in the wash. Learn more about tick charts and signal bars here.
– Why do you trade with tick charts, and can I trade this technique with time based charts?
We prefer to trade with tick charts because we think we can see many more details within the price action and price structure versus what we can see in a time based chart. Open up a five minute ES chart and a 2000 tick ES chart, and then compare the two. I think you will agree that you can see many more details on the tick chart than you can with the 5 minute time based chart.
If you don’t have tick charts, we believe that we will have a slight advantage over you, but the simple fact is that the price action strategies we teach will work on a time based chart, just like they do on a tick chart. If your charting service doesn’t offer tick charts, you might also consider volume charts, as they are very similar to tick charts and also preferable to time charts in our humble opinion.
– Do I use a 2000 tick chart on any other markets I choose to trade?
No, every market is slightly different, so you have to use the correct size tick chart for each different market. I only trade the ES, so I am not familiar with most of the other markets people ask me about. However, if you want a good starting point, open a 5-minute chart in that market, then try and get your tick chart to look as close to the 5-minute chart, concentrating on the number of bars and attempting to create an equal number on your tick chart, and that will be at a good starting point. That is how we do this for any new market. If you are trading the MES, try starting with a 1250 tick chart.
– How do you handle the 8 tick safety stop rule when the markets are very volatile and the signal bars are all very large.
The most important part for your safety stop is that is must always go above or below your signal bar. There is a reason we put our stop there, and if you put it any place else, you will usually get stopped out on perfectly good trades, so make sure you always put your stop where it goes, above or below the signal bar depending on entry direction of course. If going long, the safety stop goes below the signal bar and if going short, the safety stop goes above the signal bar.
There are a couple of different ways to handle the large signal bars. You can always skip the entry, but during volatile times you will not get many good entries skipping them. Another way is to wait until the entry is triggered before placing an order, and once the trigger happens, place a limit order further back into the signal bar where you are within the 8 tick rule, yet your stop is above/below the signal bar. Then wait and see if prices will back up and fill your order. This works some times and but often times you will miss the best trades, so it is not optimal.
The most optimal option is to put your safety stop where it goes, then take the additional ticks needed to get it in the right place and add those to your target profit. So if it takes 18 ticks to put your safety stop above or below the signal bar, take the additional 10 ticks it took above our 8 tick rule, and add that to your profit target to offset the additional risk. So instead of scalping out with 4 ticks, our scalp target is 14 ticks. We take the additional 10 ticks we added to our safety stop and add that to our normal 4 tick scalp, for a target profit of 14 ticks.
– Why do you use Japanese candlesticks and do they serve any special purpose? Do we need to study their meanings?
I understand that there is a complete trading strategy behind Japanese Candlesticks, but we do not care about that or their meanings and descriptions, so forget about all of that. As price action traders, we are using our visual training to read the chart, and that is the only reason we use the candlesticks, because they are very visual.
We can glance at the chart and instantly tell if a bar is bullish, bearish or neutral, so they make it very easy to visually see where a bar opens and closes without having to take the time to visually inspect the bar like you would with other types of printed bar charts. A bar can close bullish, bearish or neutral, and Japanese Candlesticks work great for seeing that quickly, and that is all we use them for and all we truly care about in regards to their use. They compliment our visual read of our charts and nothing more.
– What do you mean by the statement that you need a good signal bar to enter a trade?
There are three types of signal bars really. Bullish, bearish and neutral. Avoid neutral signal bars in all cases. Neutral candles are nothing more than a one bar trading range with no sense of direction, and we call these doji’s. They indicate some level of indecision by traders or equilibrium between buyers and sellers.
Entering a trade on a good signal bar simply means you need a bullish signal bar to go long, and a bearish signal bar to go short. Bullish meaning that prices close on or very near the high of the bar, and bearish meaning the bar closes near its low or very near its low. Neutral bars or Doji’s should be avoided as signal bars.
A good rule of thumb to judge if a signal bar is good enough is the 1/3 rule. If a price bar closes in the top 1/3 of the candle, then it is bullish. If the bar closes in the bottom 1/3 of the candle, it is a bearish bar. The closer these bars close to their high or low, the better the candle.
– You mention inside bars a lot, so what is an inside bar?
An inside bar is just as it is described. It is a bar in which both the high of the bar and the low of the bar is inside of the bar just to the left of it.
– When we are counting first and second entries, is the required break above or below the bar counted on a break above the stems of the candlesticks or just the body?
This tends to confuse many new traders, but we use the entire candlestick, including the stems, so to count a break higher/lower, prices must completely tick or move past the entire candlesticks high or low, including the stems or feathers as some often call them.
– Does price action trading work in other markets besides the ES?
Price action works in any market and on any time frame. That includes futures, Forex, other indexes and even individual stocks. And yes, price action works in markets outside the USA as well. The only requirement that we suggest that you remain stringent with is the fact that your market of choice must have sufficient volume so that you do not encounter slippage. Thin or low volume markets are not a good choice when using any type of scalping technique, so keep this in mind. Outside of this volume requirement, you can trade any market and any time frame you choose, and price action will still remain valid. We like and prefer to trade the ES because of the volume and the predictability of it. You can easily trade up to 100 contracts in the ES during regular trading hours and it’s unlikely you will ever experience slippage. Not many markets can handle that type of volume without slippage and your trading actually affecting prices by moving the market with your own orders.
– What do you mean when you say you use a “scalp and run technique?”
Scalp and run is the name we give to our trade entry technique. While we are scalpers first and foremost, we also understand the importance of taking advantage of big moves when they happen. The problem with big moves is you never know when one is coming really, so we use an entry strategy that uses a combination of scalping and swing trading. As an example, we might enter a trade with 5 contracts, and we might scalp out of that trade at four ticks on 3 or 4 of our contracts, then move our stop to break even on 1 or 2 of the remaining contracts in the hopes that we might catch a bigger move. We call this our scalp and run strategy, and the beauty of this technique is that we have no more risk in our trades after only 5 ticks of movement in our favor. Of course, you can choose to be a pure scalper or a pure swing trader, using a combination of different ideas that are off shoots of our scalp and run strategy.
– Why do you scalp for four ticks? Why not scalp for two, five or some other number of ticks?
It actually takes a six tick move to enter on a stop order and then exit a scalp with 4 ticks, so that’s one important reason we choose to go for four ticks. If you study our work, you will find that it is uncanny how often a move will go just far enough to obtain a successful four tick scalp, but if a trader chooses to stay in the trade for even one more tick, it will often turn into a losing trade. Four ticks is a very common scalping target in the ES, so many other traders are seeing the same set ups, and the fact that they are exiting after six ticks (or with 4 ticks of profit) creates enough buying or selling orders at these location to create a self fulfilling strategy.
– Aren’t you concerned that if you share your techniques with too many people that they will no longer work?
We get this question quite often, but frankly, this is of absolutely NO concern at all. The markets are simply too large and too efficient for this to ever be a problem. In fact, if everyone started seeing things exactly like we do, it would only increase the number of traders doing what we do, thus making our trading even more consistent. If you truly understand the markets though, you will understand the fallacy of the idea that we might reduce our trade results by sharing our trading strategies. The beauty of price action trading is that a chart actually speaks a language, much like any language, and if you can learn to understand that language, you can improve your trading results exponentially. Think about it like picking up a book that is written in braille. If you don’t know how to read braille, you will have a hard time understanding that book. However, if you are fluent in reading braille, then you will have very little problem at least reading the words on the pages. Reading a chart is very similar, in that you must learn the language of the charts. Once you can read the chart fluently, your trading results will change forever!
– What charting software do you use?
We use NinjaTrader software. We have used NinjaTrader for many years and it a solid choice for serious day traders. This does not mean that other charting software is not a good or adequate choice, but we use and like NinjaTrader since that is what we have used for the last several years. If you need help or assistance with your charting software, unless your question is specific to something we teach, we are limited in what we can do for you. You will either need to check with your charting provider or broker, or if you have questions about NinjaTrader, you can go to the NT website. They have excellent support and some of the best training videos that will teach you almost anything you need to know about the use of the NT charting software. Follow this links Below to the video library for your version.
NinjaTrader Support Training Videos for NT7.
NinjaTrader Support Training Videos for NT8.
Understand that you do need good charting, good data and a good reliable high speed internet provider. These are the basic tools we use every day and you can not skimp is this area. If you use a broker that offers free data, then you are not getting the best available data and you will pay for it with more losses, delayed entries and exits and an all around poor experience. Trading is hard enough, so you do not want your tools making it even harder for you.
IMPORTANT NOTE: At one time, you could use NinjaTrader software with any broker that offered it, but that is not the case any longer. We still recommend and prefer NinjaTrader and we still use NinjaTrader, but we bought the software prior to their new changes, so we are not affected by their new rules and we can still trade with their software at our desired broker. Newer users have no option as to which broker they use now. You have to go with the broker options NinjaTrader ofers, so you can not use our group broker and use NT as well if you are a new NinjaTrader user. Make sure you are aware of this change.
– I have always read that your safety stop can not be larger than your profit target, or else money management will not work out and you will end up losing money as a trader. Why do you say differently?
There are a couple of reasons why we teach what we teach. Most trading strategies are based on gambling, and gamblers need strong money management, otherwise their large number of losing trades will work against them. We try to base our entries on price structure or what we call the price action, and we try to teach you how to avoid being a gambler. Obviously if you are losing a lot and simply gambling as a trader, you have to incorporate a money management strategy that is very stringent. Our hope is to change that dynamic and help you improve to a point where you can reduce the number of high risk trades you are taking.
Secondly and most importantly though, we do not actually teach that you should always take a full two point stop. Our two point stop rule is the maximum stop we can use in order to enter a trade, but that doesn’t mean we are saying that you always take a full two point stop. The idea is to keep your stop one or two ticks above or below the signal bar that sets up our trades. Hopefully you can get into most trades with less than a two point stop, so the two point stop rule is simply a maximum stop size we are willing to risk on any single trade we enter.
– How do you set up your Automated Strategies that you are using when I see your live trade examples on YouTube?
We have created an article and a video to go along with it that explains this process. You can find the information on our automated strategies here.
– How long does it take to learn how to trade with price action?
This is a difficult if not impossible question to answer, as everyone learns and processes information at a different level. I can tell you that learning to day trade profitably is not easy, or else everyone would be doing it. It takes a lot of hard work, continued study and as much screen time as you can get simply watching prices print to a chart. What we recommend is that you practice on a simulator trying to put our price action strategies and rules into practice each day. Where you really learn is by studying your trades and chart at the end of each day after trading on the simulator.
You cannot take a quick course or read a few books and truly expect to make money in this business. If anyone tells you it is possible to make a living trading by reading a book or taking their short course that lasts a few weeks, then you should move on to another trading idea quickly, because it is simply not possible! It takes a lot of hard work and study, along with a lot of experience before profits will begin to come consistently each day. Most importantly, you must be studying the right materials and the right strategies, because a thousand screen hours learning the wrong things will not make you profitable.
– There are a lot of materials on your website, both free and paid, so how do I more easily sort through all of it?
We have added a new function to help you to find the video lessons and articles in a much more orderly fashion. Look at the top of any page on our website for the link titled “Video Lesson Links.” You will find two tabs at that link, one with all of the free stuff, and one with the paid version of the lessons. Click on the appropriate link button and inside you will find a categorized listing of all videos lessons and articles noted by title. Just click on the one that you want to view.
Another way to search the website materials is with the search function. Just type in the top you want to view and any articles or lessons matching those words will pop up for your viewing pleasure.
Hi, I am very much interested in buying the PATs manual. Is it possible for
me to use MT4 chart for price action trading? Thank you.
SAEED J.
You can really use any charting service you like as long as the data is solid and from a reliable data provider. Price action is universal, so it works in any market and on any time frame. Just understand that different markets have slightly different personalities and account for that as best you can. As an example, a scalper’s profit in the ES is 4 ticks, but in another market that moves faster and is more volatile, you might want to go for 5, 6 or 7 ticks or even more on the scalp, while also adjusting your stop as necessary as well.
Do the price action techniques that you teach work in Forex market and with higher time frame chart such as Weekly,Daily,4-hour chart for swing trading?
I watched a few videos from your Youtube Channel and have sime questions.How can I email you for questions? thanks
Yes, price action is universal, so it works in any market and on any time frame as well. There is a contact link here on the website where you can contact me at any time with questions. You can find that link at the bottom of any page on the far left side.
Mack
Thank you for your daily videos. It helps me to compare how I traded and learn from listening how you traded. This really helps me to trade better.
Now how can I login to “PREMIUM MEMBER CONTENT” ?
Do I need to pay $99 for the annual subscription or is it with the manual I purchased recently.
Thank you,
Read the article that is entitled “more information about our Premium Section.” You can find it under the free articles. As a buyer of our manual, you do get a 25% discount off of an annual membership.
Hi Mack
How do I get 25% discount code for Premium Membership ?
I tried to email you at Mack@priceactiontradingsystem.com
and comes back as email id error.. can you give me your email address also.
Thank you
info@priceactiontradingsystem.com
hi mac still learning believe me , but could you do a little vid on your scalping manuel, i find it intresting,
Hi Mac
I have your manual and a member of your premium service. I have been trading for 5 years now with no success. What you do makes sense to me so I will try to learn your way of reading price action. I have been trading soybeans for several years now and I like the way they move and I am very used to that market. So I want to keep trading it. My question is, what tick chart should I use. I always used a 200 tick chart because that is how I was trained. However I get a few false signals. I which to a 350 tick because that takes up the same screen space as a 2000 es chart. Do you have any rules on how to pick a tick size chart.
Thank you for your time
Open a 5 min chart first, then play with the different tick sizes until you find a tick chart that is very close to a 5 min chart. That is how we do it for any market we choose to look at.
Mack,
Do you ever take 3rd entries and if so when would you do this. Also what does a double top/bottom mean to you in a trend.
thank you for your time
That one is a bit difficult to answer, as it depends on whether or not that third entry was a breakout pullback type entry or a trap of some type. That’s not something I’m normally looking for (a third entry), so I would say no outside of the parameters I just mentioned.
Hi Mack
HOpe your well.
Ive got your manuals- considering going premium – what does this offer
I know your busy – Im in the UK- but would you consider opening an academy where traders can come and learn from you face to face?
Cheers and keep up the amazing work.
I don’t have the time to do the full time training, but I also don’t believe it helps people in the end. This is a journey, and you have to travel it alone learning first how to trade properly, which is what we teach, followed by fighting your mental demons, which is often the hardest part for many traders. Hope this makes sense, but if it doesn’t now, if you get there, everything I just said will make perfect sense and you will understand why I say those things.
Hi Mack
I have sent a couple of messages regarding discount code for renewing premium membership however had no response
I have purchased the PATS manual
I don.t mind paying full fee however when a discount is offered I like to take it
Regards
Garry
Gary, just tried it again. It comes straight back as undeliverable! Below is what I get.
This is an automatically generated Delivery Status Notification.
Delivery to the following recipients failed.
gjs4@bigpond.com
I am thinking of buying your price action system bundle. Will price action trading work with binary options ?
Price action will work in any market that can be charted.
Hey Mack, I actually bought your training manual two years back but I do not know how to use it. Is there any video course link that I can get myself started. Do you offer courses for beginner?
You can watch our daily YouTube chart lessons for free. I upload those late in the day every trading day except some Fridays during summer months. The idea is to learn the strategies in the book first, but then you have to learn to see the things we teach in real time, and that takes more time and experience just watching charts print every single day.
We also have our paid premium section that has additional lessons with videos that go into much more depth about what we do. If you have bought a manual, you can request a discount code off the annual membership as well. Just send me an email if you want the code.
Do you offer any type of real time training (trade room) for your members?
No, we do not do that here Joe. I’m a trader first and foremost, so I don’t allow that stuff to interfere with my own trading. I do not believe they are beneficial anyways, but that’s a long story.
Mack, Where did you get the bid-ask indicator you use? Thanks. Bart
Mack, I just joined PATS and have been going through the manuals, primarily the first manual as I know I am not ready to dive into the other ones just yet. I have a question about trading hours. I work a traditional 9-6 job, one hour for lunch. So much of my day is dedicated to my full-time job currently, which just so happens to take away from prime trading hours as well.
My question is two-fold. 1) What is the best way to sim trade given that I am working during prime market hours? Would market replay on Ninja work okay? This has pretty much been the only way that I am able to sim trade at all. 2) Once I go live, which I do not plan to do for at least 6 months, should I consider the “pre-market” hours as a way to trade? I have traded that market live and had limited success (mainly due to being reliant on indicators, which I have removed since starting your training). But there are some decent trades available around the 5AM CST hours, and right around 9AM CST trading time as well, although the 9AM time is a challenge as that is when my day is starting for work.
You can start trading the ES with sufficient volume from around 6:30 AM to 7 AM CST. The rest of the over night session hours has very limited volume, making trading a lot more difficult and definitely way too slow. I have never used market replay, but I understand it works well in NT, so that may be your best bet to get realistic price action. Just make sure you don’t know what the market did prior to trading replay, or you will have an advantage that you would not have trading it live.
Mack,
Thank you so much for the advice. I am not able to even look at charts during the day, so I think the market replay will work well for me overall. I will also practice demo trading during the 6:30 to 7 AM time as well. I can easily get up for that during live sessions. Thanks again!
Hi Mack,
My brother has been telling me alot about your youtube videos, which he has been watching everyday for a few years and he’s also said how much they have changed his life. For someone like myself who has never traded before and doesn’t even know what’s involved and who works a 9 to 5 job during the day, where would you recommend they began or what would be a good place to start learning how this whole thing works?
Thanks for your time
Sincerely,
NM
You could just start watching the videos, but I don’t really teach all of the basics there. That is more for showing the daily trades. The price action manual is step one if you really want to learn price action.
Kindly confirm what the time zone you are in because from your trades you usually indicate 700hrs-1400hrs Thanks
I am on CST.
I AM ABOUT TO PURCHASE YOUR PATS PACKAGE. AS I HAVE A MAC I AM UNABLE TO USE NT OR MT4 WILL THIS HINDER MY PROGRESS ON THE COURSE.. MY TRADING ACCOUNT IS WITH IG
REGARDS
ROBERT SHARPE
You can use a program called “Parallels” that allows you to simulate a PC on your Mac. Inside that simulated PC, you can load the Windows operating system. Then, you can use NinjaTrader (or MT if you prefer).
That’s what I’ve been using for the last few years and it works well.
Good luck.
It will not affect you in regards to the price action manual and the price action course. You won’t be able to use the scalping manual or the envelope manual unless you have NT though.
Does anyone use a Mac computer? If so, what charting software are you using?
Thanks
I’m using NinjaTrader (7) running under Windows 7, running under Parallels on an iMac (OS X 10.10.5).
Also used TradeStation for a while. Disliked the interface absolutely, therefore NinjaTrader.
Good luck.
Hi Mack!
When I purchase the premium membership is there a video crash course with relevant subject matter to help illustrate the manual?
Thanks!
No, unfortunately, there is no crash course with learning price action. This is a long journey, but well worth it once you arrive.
how do I get to watch your live trading on youtube?
I see that in all of your manuals, any indicator that is included says it will run on NT7 only. Since I have upgraded to NT8, I do no wish to go back to NT7. Do have any plans to upgrade to NT8? Thanks.
I would like to know the answer to this too. Just starting out so I will download NT7 to begin, but would be nice to know if there is an upgrade coming.
So would I! About updates to envelope indicator.
Yes, everything is designed to run on NT7. I still trade with NT7 and won’t switch unless forced to do so.
Hi Mac, i’m from Brazil and i’m working Index and dollar on the metatrader 5 platform, i Wonder if your technique Works for the Brazilian market, and what graphic time should i use? And one more question does your manual wave language options? Or does we only come in english?
Price action works in any market. The only issue will be if you try to scalp, you must have sufficient volume or you will suffer from severe slippage, which is a problem if scalping. You can still use price action to find swing trades and longer term trades, but you will also have to be more selective in your entries as well.
Can I use your technique in non-Ninja environment? I am new to trading and have opened an account in IB. I am interested in buying your Price Action manual too.
Hello,
Would your program work for End-fo-Day trading – not DayTrading?
Thanks,
Kerry
Yes, you would want to be more picky on your entries, as we are only looking for 4 ticks on many of these trades, but it works on any time frame, so if you went to daily charts you could expect much more than 4 ticks in most cases.
Hi Mack, is their any possibilty to see you trading live? Don’t you have a chat room where you call out your trades in real time or so?
No, chat rooms and watching someone trade live do not help to make you a better trader. You have to be licensed to call live trades as well, which I am not. I am a trader first and only do this on the side.
Hey Mack just want to say THANK YOU for all the videos you post on youtube.
I have an IRA account with TD(thinkorswim platform) and that allows me to SIMULATE real time trading. For those of you starting out you can open an account with TD ameritrade and sim trade BUT prices will be delayed unless you can some how convince them to remove the restriction for free accounts. I’m not exactly sure how much you need in your account either to remove the delay.
Thanks for the information Bo. Good luck with your studies and your trading.
I am reading my manual, for the second time. I am new to this and it was literally Greek to me the first time that I read the manual. I have been watching your YouTube videos and re-reading my manual, and things are starting to make some sense. I am having trouble with some of the terminology though. What does it mean to “fade all breakouts “? I am learning a lot from the videos, but you do cover a lot of material rather quickly. I really appreciate what you do to help people understand this very complex system.
I found the definition of “fade” it means entering in the opposite direction.
Yes, this is correct. The manual does assume you know and understand the basics of how futures work, and but that still may not cover “fading a trade.” But yes, you have the right idea, you take an entry in the opposite direction that prices are moving if you are fading an entry.
I have studied Price Action intensely for over a year with Al Brooks. I have never used tick charts though.I can see there are advantages. I trade the NQ eminis. Will your manual help me with the NQ and setting up tick charts to trade it?
Do you ever cover the NQ in your room?
No, there are advantages to trading the ES over the NQ, so that is why we do not trade anything else. Price action works in any market though, so it will translate to the NQ as well.
Hello,
Do I have to pay with Paypal?
Can I pay with my credit card directly?
Thanks.
Edward
You can pay with a credit card as well. You do not have to have a paypal account.
New member. What time is the mid morning chart usually posted?
thanks
Normally around 9:30 to 9:45 AM CST.
Hi Mack thanks for the teachings and help.
Im struggling trying to find the fastest way to set an order of the signal candle. HOw do you set your orders quick? Do you use a Buy Stop or Limit or just Market? Do you use Hot KEys?
Thanks again!
I enter on buy/sell stops 99% of the time. This market is a little quicker than normal, so you have to be ready and act fast. You can try limit orders if you miss it, but do not let prices move too far before coming back to fill a limit order as that could mean you missed the move.
I am new to your website. Do you go short also? or only long? Also do you use less Ticks for after or before hours since market is less liquid? Maybe 400 or 500?
In futures you can go short or long at any time. There are no special rules on shorting like you have with stocks. We do not recommend trading after hours other than the early morning hours after 7 AM CST. The volume is too thin in the after hours and things often sit stagnant for hours. Not the best time to day trade really.
With futures, you can easily go long or short. There are no shorting rules that prevent that like you have when trading stocks. I would not trade the after hours other than about an hour or two before the regular session opens. Anything outside of those hours and the volume is just too thin to safely day trade.
hi,
I am interested in your court and manuals. I hear there is some discount or maybe that is old.
can you send me the link for what I need and the manual and such. I dont have time to read through
your site at this moment.
I would appreciate it.
PS
I almost joined on with Riley, im glad I saw a post on FB bringing this to the surface.. I believe in truth..
Email me and I can send you a link. Mack@priceactiontradingsystem.com
If you purchase the price action manual, which is the main tool you need, there is a discount off of the private membership at that point. The membership area has additional video lessons that compliment the manual. There are some other small perks like the morning commentary and copy of my chart as well in the members area.
Hey Mack, quick question: for a trader that’s looking to learn ES scalping techniques, would you recommend the Price Action Manual or the ES Scalping Manual? It seems like PAM is focused more on price action itself instead of a system, whereas the ES Scalping Manual focuses specifically on the scalping techniques used. Can you elaborate on the differences between the two? Thanks for everything you do.
Hey Mack, just a quick question. Living in Canada, I cannot use Ninjatrader as a brokerage, and instead have to use GFF brokers. Continuum is used for them so I can connect directly, but will this affect me in any other way? It’s the charting software that matters, correct? So for example, I can still use the 2000 tick chart that your strategy suggests even though I am using an outside brokerage?
I am a new trader and still trying to figure this all out. I did recently purchase your ebook and I love it!
Thanks
As long as they have good tick data and your trading software has tick charts, you should be good to go. Some brokers filter their tick data, so ask about that. Filtered tick data may not be as reliable and may not even chart well.
Thanks.
BTW: I sent you an email requesting a discount code. I would very much like to try it out for a year
You should have this by now, but if not, please send another email request.
I got it, thank you very much
Hi Mack, just want to thank you for providing such a great manual on price action trading. I purchased it yesterday, and I’d finish reading it today. Great material and easy to understand. I know it’s gonna take time and effort to master the strategy. Looking forward to implement it in real trade.
Is there a particular data provider you would recommend? I’m interested in using ninjatrader8 and the ninjatrader broker, but want to make sure that I understand all the costs associated. Which data provider do you use and which would you recommend for someone who is interested in learning your process correctly?
Thanks,
James
You want to be sure your data provider offer non filtered tick data. If so, they are likely fine to use for tick charts.
Hi Mack,
watching your videos faithfully and ready to buy the manual. I’m a little confused. Is your manual the Al Brooks book? The reason I ask is I clicked on a link on the PATS website and it connected me to the Al Brooks book.
please reply, thanks Doug
No, Brooks book is just an ad on our site. I don’t allow many ads, his is about the only one. Go to our FAQs page and you can learn much more. You want our Price Action Manual. That link is below the FAQ link.
https://forestgreen-chicken-354304.hostingersite.com/faqs/
https://forestgreen-chicken-354304.hostingersite.com/pats-price-action-trading-manual/
Hi. I’m ready to purchase the course, but want to join the premium members area as well. Reading through the information at the beginning of the FAQ’s you say to “ask in advance before paying”, so I am asking in advance.
Yes, once you buy the manual, just drop me an email and ask for the discount code. Mack@priceactiontradingsystem.com
I bought it already, but don’t worry about the discount code… it’s all good. I’m learning at a geometric rate. Win rate has gone from 10% to 90 already… not exaggerating.
Thanks
Hi. If anyone scalps the 6E or E7, can you please tell me how much you try to get on your scalp target? I am in the Philippines, so I’m looking for a good future I can trade during my daytime. 9am Germany – 3pm here. I love the DAX, but the bars are just too big to justify scalping IMHO.Thanks very much.
Could anyone answer my questions below?
(1)How many pages the Price Action Trading Manual consist of?
(Im now a native English speaker, so reading thousands of pages in English is pretty much tiring for me)
(2)What are the content of it? like “basic” price action technique such as pin bar, support and resistance, inside bar, wedge, etc? or more advanced technique?
(3)I am somewhat familiar with price action. I’ve read “Reading Price Charts Bar by Bar” by Al Brooks and “Technical Analysis of the Future’s Markets” by John Murphy multiple times. I constantly watch price action trading videos on Youtube. I use only price action technique for trading and I’ve been winning over past two years. But I do think i can still improve my trading skills.
so…do you still recommend me to buy and read the price action trading manual?
Thanks
Nothing in our manual at all about pin bars, so no worries there Yamato. The manual is about 100 pages, but there is a lot to take in, so even a native English speaking person will need to read it through more than once. I will let others that have the manual respond so that you get a non biased opinion. Mack