This was a live trade taken today (3-15-2021). There was a breakout lower of a range that failed with a reversal pattern set up. I explain the trade in the video. Enjoy!

Live Trade Example from 3-15-2021.

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Comments

smitty March 15, 2021 at

Thanks Mack – this is exactly what us visual “watch-and-learn” types have been asking for…. so helpful!!!

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Victor March 15, 2021 at

Awesome, thanks Mack. This examples give us confidence.

The other day I tried using ActivePresenter software to record my trading and configured it to 3 frames per second and no sound, so the PC won’t slow and also to use little space, itworked really fine. Maybe this way is easier to record live trades.

Cheers!

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MT March 16, 2021 at

Thank you, Mack! πŸ™‚

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Greatlookinguy March 16, 2021 at

Absolutely Brilliant. Thank You Mack for taking the time to do this for those of us who were “clamouring” for it πŸ™‚ Very nice of you. It’s just so much more significant to me personally because I took this exact same trade and got concerned by that congestion and mini pull back before it took off. Couple of nuggets I picked up there that I didn’t know/think of before.. 1. Prices will try to close a gap between two candlesticks (you mentioned this at the point you placed your target price for the runners) I didn’t know that before today.. only that prices will try to close a gap on the daily chart. Sweet. 2. Even in a mini-congestion like setup (which is nothing but a micro range) things like a breakout pullback can happen despite the rest of the context supporting our trade. It’s good to just keep that in mind. Superb, and Thank You so much once more.

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Mack March 16, 2021 at

The link was acting up for some reason. It worked for some and didn’t work for others, so I deleted and re-added and it seems to be working now.

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marquezt March 16, 2021 at

excellent , thanks !

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