This was a live trade by Daniel and a very good one actually. This is a textbook play on how to trade a range. Notice that Daniel waits on a higher low that also happens to be a 2nd entry long as well. There was a nice signal bar as well, so all lights green
This is a compilation of three live trades that were taken on Friday. All of these trades are using Mack’s price action strategies. The first trade is one I took (Mack), which was a short off of the key entry point in the Friday downtrend. I entered short on the failed second entry long into
This is another student submitted live trade example of a second entry long. This was submitted by Jorge. He did not manage to catch a runner on this one, but he made the attempt and still made an extra tick on his runner portion of the trade. This was a trade with matching lows for
Live Trade Example – Second Entry Long 07-28-2020 Read More »
A current student by the name of Jorge sent me this trade example. It was a nice set up, taking a lower high on a failed break out of congestion and at the midline of a large down channel while the market was still strongly down at the time. This was a great read by
I am going to revisit the second entry counting rules in this article and video lesson. While counting second entries appears to be some difficult task, it is actually as simple as first grade counting. Describing them in words is a bit difficult, so I am creating a new video that will help some of…...
Another trader sent me this video that walks you through this setup. I have not tried this yet, so I cannot comment on it, but thanks to Bart for sharing it. Hopefully it will be helpful and solve some of the issues that others are having. When I can find some free time, I may
How To Trade The MES Directly From the ES Chart Using NinjaTrader Software Read More »
I hope you enjoy watching this live trade example, as there are several good learning opportunities. I describe how I effectively trade ranges, but I also demonstrate how to enter on a limit order when the trade triggers so quickly that you do not have time to enter your normal buy/sell stop entry order on
Live Price Action Trade Example -Trading a Range Read More »
Today’s article and video will talk about what to expect with trend line breaks and price action retests. If you have already read the manual, then you should understand that a break of a trend line does not necessarily mean that the trend is over. Most everyone should understand what a valid trend line is,…...
What To Expect With Trend Line Breaks And Price Action Retests Read More »