Live Trade Example – Failed Breakout
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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!
Comments
smitty March 15, 2021 at
Thanks Mack – this is exactly what us visual “watch-and-learn” types have been asking for…. so helpful!!!
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!
MT March 16, 2021 at
Thank you, Mack! 🙂
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 🙂 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.
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.
marquezt March 16, 2021 at
excellent , thanks !