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Macks PATS official second entry indicator.


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Macks PATS official second entry indicator.

 
chernp
chicago, il
 
Posts: 1 since Dec 2015
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Hey
For those trading price action using Macks price action trading system.

I noticed that Mack just released an official second entry indicator today on his website. What do you think about it?


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 Trailer Guy 
Aguanga, CA USA
 
Experience: Advanced
Platform: Ninja Trader 8
Broker: IB, NinjaTrader Brokerage, Schwab
Trading: ES
Posts: 215 since Sep 2014
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chernp View Post
Hey
For those trading price action using Macks price action trading system.

I noticed that Mack just released an official second entry indicator today on his website. What do you think about it?

I watched the video this morning and I was impressed. I think he "donated" a lot of time on this one. I rally liked the way it keeps the data to a minimum until it triggers. I have Convergent Trading's levels as well as the prior day close lines and Fat Tails overnight high and low so I am far from a clean chart. So anything to keep the clutter down is a big plus with me.

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 Kelsey 
Charlotte, NC USA
 
Experience: Intermediate
Platform: NinjaTrader
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Trading: YM
Frequency: Every few days
Duration: Minutes
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I just bought the Indicator yesterday so haven't observed it in real time yet. However, I've watched the video several times to get a better idea of what is what.

How so very Mack to not over charge people, but gives everyone the opportunity to afford the Indicator. No ripping off the folks by dangling unaffordable goodies so to speak.

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 Trailer Guy 
Aguanga, CA USA
 
Experience: Advanced
Platform: Ninja Trader 8
Broker: IB, NinjaTrader Brokerage, Schwab
Trading: ES
Posts: 215 since Sep 2014
Thanks Given: 68
Thanks Received: 387


Kelsey View Post
I just bought the Indicator yesterday so haven't observed it in real time yet. However, I've watched the video several times to get a better idea of what is what.

How so very Mack to not over charge people, but gives everyone the opportunity to afford the Indicator. No ripping off the folks by dangling unaffordable goodies so to speak.

Running the indicator for a couple of weeks now. Really is nice. Example from this morning. You can see where action was playing around at the support (grey lines are FuturesTrader71 stalk zones from Convergent Trading) and the count made it one more reason to get long.

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_05_24 (9_02_11 AM)

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 pilotui 
Oklahoma City OK/USA
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradeovate
Trading: NQ/ES/NG
Posts: 143 since Apr 2012
Thanks Given: 119
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Hi, are you still using it? does it work real time or re-paint?
Trailer Guy View Post
Running the indicator for a couple of weeks now. Really is nice. Example from this morning. You can see where action was playing around at the support (grey lines are FuturesTrader71 stalk zones from Convergent Trading) and the count made it one more reason to get long.

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_05_24 (9_02_11 AM)


 
 Trailer Guy 
Aguanga, CA USA
 
Experience: Advanced
Platform: Ninja Trader 8
Broker: IB, NinjaTrader Brokerage, Schwab
Trading: ES
Posts: 215 since Sep 2014
Thanks Given: 68
Thanks Received: 387

Yes I use it. He did upgrade it a bit but I did not upgrade.

This is not a magic bullet. It is like a trend line or an EMA, it helps you make a fast decision but within context. IF you take every signal you will blow up your account in a couple of hours.
MES 06-22 (1450 Tick) 2022_04_08 (11_16_41 AM)


As you can see zero value so far this morning.

You may see that I use a lot of Futurestrader 71 for an idea of where to interact with the market. I use PATS to actually enter.

 
 
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 pilotui 
Oklahoma City OK/USA
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradeovate
Trading: NQ/ES/NG
Posts: 143 since Apr 2012
Thanks Given: 119
Thanks Received: 153

I understand for sure. Thanks. Would you mind posting a screenshot of todays chart set to 5 min, with the indicator on it please? Thanks!
Trailer Guy View Post
Yes I use it. He did upgrade it a bit but I did not upgrade.

This is not a magic bullet. It is like a trend line or an EMA, it helps you make a fast decision but within context. IF you take every signal you will blow up your account in a couple of hours.
MES 06-22 (1450 Tick) 2022_04_08 (11_16_41 AM)


As you can see zero value so far this morning.

You may see that I use a lot of Futurestrader 71 for an idea of where to interact with the market. I use PATS to actually enter.


 
 Trailer Guy 
Aguanga, CA USA
 
Experience: Advanced
Platform: Ninja Trader 8
Broker: IB, NinjaTrader Brokerage, Schwab
Trading: ES
Posts: 215 since Sep 2014
Thanks Given: 68
Thanks Received: 387

MES 06-22 (1450 Tick) 2022_04_08 (1_40_34 PM)

Here are a couple of examples from later in the day where 2nd entry indicator was helpful. And 1 where it looks good but the trade would not have worked.

Like "Mack" and about everyone else is always saying, you have to look at the context.

I should add the grey bands are Convergent Trading stalk zones. The blue dash dot line is Fat Tales VWAP

 
 
pilotui's Avatar
 pilotui 
Oklahoma City OK/USA
 
Experience: Intermediate
Platform: Tradovate
Broker: Tradeovate
Trading: NQ/ES/NG
Posts: 143 since Apr 2012
Thanks Given: 119
Thanks Received: 153

Awesome, can you post a 5min chart for me...I have a custom made indy and want to see if it shows the same count as the paid version.
Trailer Guy View Post
MES 06-22 (1450 Tick) 2022_04_08 (1_40_34 PM)

Here are a couple of examples from later in the day where 2nd entry indicator was helpful. And 1 where it looks good but the trade would not have worked.

Like "Mack" and about everyone else is always saying, you have to look at the context.

I should add the grey bands are Convergent Trading stalk zones. The blue dash dot line is Fat Tales VWAP



 



Last Updated on April 8, 2022


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