This was a second entry short that also happened to be a triple test of resistance. The price action had been range bound for most of this day and this short entry was following a break out of the resistance area that failed. Like most breakouts, the price action failed and traded back into the range, offering me a chance to get short at the high of the range prior to prices trading back down again.
Live Trade Example – 2nd Entry Short That Is Also A Triple Test
Enjoyed watching the surprise Live Trade and like your explanations about why you took the trade. These are really helpful to see how a seasoned professional operates when the clock is ticking.
Thanks Mack!
Thanks Mack for your video. Very, very helpful. If you can ever record a day in the market with you drawing your trend lines as the day goes on that would be gold, even without showing your trades. Identifying a second entry long or short is easy but to draw the trend lines during the day is another story and that’s the key ingredient to your system.