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PATs, Mack Style Price Action Trading YM ES NQ CL
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PATs, Mack Style Price Action Trading YM ES NQ CL

  #1 (permalink)
Elite Member
Charlotte NC
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Ninja Trader Broker CQG
Favorite Futures: ES YM CL TF NQ
 
Posts: 402 since Jul 2011
Thanks: 983 given, 1,347 received

PATs, Mack Style Price Action Trading YM ES NQ CL

I would like to start a thread were traders can post charts showing trend lines and entries. They can be live or sim thats fine either way but post if live or sim. I trade both ways and mainly the YM now due to the size of my acct. I may at times use a CCI on a smaller time frame chart. I use the a 444 volume chart for the YM, 2000 tick chart like Mack on the ES, 1000 volume chart for the CL and NQ. The only indicator I use is a 21 ema on the chart like mack. I will also use 75 to 125 tick chart to get a smaller stop when I take a 1st entry. I watch the PATs channel on Youtube to recap the end of each day with Mack to see if i had the trend lines correct even if I only trade the YM they all look about the same. I may post my charts after I trade or live sometimes depends on how my day is going. If you follow Mack you are welcome to jump in I don't care what you trade if you use his method.

Thanks for looking
Happy Rick

 
  #2 (permalink)
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  #3 (permalink)
Site Administrator
Manta, Ecuador
 
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Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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This seems like a duplicate of:

https://futures.io/elite-trading-journals/30373-pats-price-action-trading-elite-members-common-journal.html


trendwaves View Post
This is the common journal for futures.io (formerly BMT) Elite Members who are currently trading or interested in learning more about the PATs Price Action Trading method as taught by Mack.

Why another new PATs journal now ?
The intent of this common journal, is to bring together the futures.io (formerly BMT) member traders currently posting in individual journals using Mack's PATs method. Recently we have seen a proliferation of individual PATs based trading journals, essentially replicating each others work split between Elite and public Journal folders making it difficult for everyone to keep track of who is posting what where. Out of respect for each other, futures.io (formerly BMT) members have been reluctant to post in each other's personal journals, thus leading to a growing subset of individual journals devoted to the same subject. So with this common PATs Journal it is hoped to alleviate these issues. In a practical sense, it will be a lot more efficient for everyone during the trading day to be able to watch this common journal, rather than trying to keep up with a growing list of separate individual journals.

Why an Elite Journal, why not put this journal in the public area ?
For several reasons: First in order to protect Mack's work (and our work as well) from trading system vendor's, the futures.io (formerly BMT) Elite Member section is the best tool we have available to protect everyone. Secondly, because of the level of interest in this trading method, several of us want to make sure Big Mike is appropriately compensated for providing this unique trading resource to the trading community. Finally, an Elite Member is someone that is making an investment in their trading education and career, thus, an Elite section journal helps filter out folks just passing through and asking the same question for the 50'th time in the thread and then disappearing before it's even answered.

The intended goal of this PAT's journal
We are not trying to replace Mack, we first and foremost encourage any new student of this method of trading to go to the authority (Mack) directly, links are provided below. This journal gives PATs students a place to post our daily trading summaries and marked up charts. We can share ideas and new concepts more efficiently in a common journal, with less risk of that information being missed in separate threads.

Why sharing our work and collaboration is important ?
The PAT's trading method is unique in that it is not something a new trader is going to pick up in a few hours or days. Often traders invest months of practice in order to develop the skill required to consistently read price action accurately and correctly. This method requires a lot of screen time to learn and develop proficiency in it's application. The best way to learn this trading method is to first learn the correct application of the method, then invest a lot of time in front of the screen applying what your learning during the trading day. Sharing with other traders, many much more experienced in the PATs method, will help you get up to speed more quickly and using time tested and proven techniques.

This is not a Chat Room
Please refrain from posting individual live trades here, it serves no purpose to do so. Instead, post a daily trading summary with marked up charts. If you finish up a couple of hours of trading in the morning and want to capture that information with some words and a chart or two,we encourage you to do so. When you have a marked up chart you feel will benefit the group during the trading session, please share it. Often with the PATs method there will be market conditions which are difficult or seemingly impossible to figure out live, so we post our best approximation of what we think is developing on the chart. This can be very helpful for those of us struggling to make sense of a confusing mixed market condition. One or two of our more experienced traders will often "see" what the market is doing, and by sharing that here it will benefit everyone.

That thread has over 5,000 posts already.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
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  #4 (permalink)
Elite Member
Charlotte NC
 
Futures Experience: Beginner
Platform: NinjaTrader
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Favorite Futures: ES YM CL TF NQ
 
Posts: 402 since Jul 2011
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That thread has over 5,000 posts already.


Big Mike View Post
This seems like a duplicate of:

https://futures.io/elite-trading-journals/30373-pats-price-action-trading-elite-members-common-journal.html



That thread has over 5,000 posts already.

Mike

That one is ES only and I wanted to open it up to the other markets.

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  #5 (permalink)
Elite Member
Charlotte NC
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Ninja Trader Broker CQG
Favorite Futures: ES YM CL TF NQ
 
Posts: 402 since Jul 2011
Thanks: 983 given, 1,347 received

That thread has over 5,000 posts already.

I started my posting on that thread and enjoyed it a lot then things changed it got slowed down and my friends are gone.

 
  #6 (permalink)
Site Administrator
Manta, Ecuador
 
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Happy Rick View Post
That one is ES only and I wanted to open it up to the other markets.

I am not seeing where it says ES only.

It seems to me it's a duplicate.

Let me know if I am wrong, otherwise it is best to use that thread. It is open to everyone even though it was labeled as a journal. I can move it to the general section.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following user says Thank You to Big Mike for this post:
 
  #7 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
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Posts: 1,001 since Aug 2009
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Big Mike View Post
I am not seeing where it says ES only.

It seems to me it's a duplicate.

Let me know if I am wrong, otherwise it is best to use that thread. It is open to everyone even though it was labeled as a journal. I can move it to the general section.

Mike

I agree with Happy Rick, the other thread was not specifically for ES but posting other instruments were not encouraged or welcomed.
Maybe it was because Mack only posts ES trades.

I'm not sure why the other thread suddenly died but there seems to be some underlying reason that I never understood.

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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  #8 (permalink)
Elite Member
Charlotte NC
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Ninja Trader Broker CQG
Favorite Futures: ES YM CL TF NQ
 
Posts: 402 since Jul 2011
Thanks: 983 given, 1,347 received

I am not seeing where it says ES only.


Big Mike View Post
I am not seeing where it says ES only.

It seems to me it's a duplicate.

Let me know if I am wrong, otherwise it is best to use that thread. It is open to everyone even though it was labeled as a journal. I can move it to the general section.

Mike

I would like to keep this one as David stated other markets would not work in that thread. I used it along time. I don't understand what moving it to the general section means?

 
  #9 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,001 since Aug 2009
Thanks: 802 given, 1,367 received


Happy Rick View Post
I would like to keep this one as David stated other markets would not work in that thread. I used it along time. I don't understand what moving it to the general section means?

I'm not sure creating a new thread will solve the issues with the other one.

Maybe discovering what the issue is in the other thread and asking the OP if it would be ok to start posting other instruments in that thread.

It is always better to have fewer threads and more participation than lots of threads with few participants.

FWIW

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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  #10 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,632 since Jan 2013
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Forum Reputation: Legendary


I'll weigh in on the side of using the older thread instead of creating a new one.

It appears that the old thread has pretty much died. I don't know why; perhaps the active posters just moved on, for whatever reasons.

It does not seem to me that starting a new thread on essentially the same topic will bring interest in it back to life. I would suggest that people who want to post on the Mack method could help revive it by posting on the older thread. If people want to follow and add to it, they will. It seems that another thread will succeed or fail on the same basis: if people want to post there, then they will, if not, then not. I agree with @DavidHP that a new thread will not solve whatever problems the old one had.

Of course, the main problem is that people are not posting there. It seems that one way to solve that is to start posting there....

Also, at one time there were many Mack threads running, and it was confusing to jump from one to another, which is why eventually all the Mack activity went to just one.

As to using the Mack method on YM or NQ as well as ES, I don't see this as a big problem to people who like this type of price action. At present, there is no Mack posting in ES or anything else. Mack does trade ES exclusively, which is why that was the emphasis before; but now, perhaps something is better than nothing.

Basically, if the intent is to revive Mack-style PA posting, I think the best way is to use the thread that is there. It does seem like a duplicate to me too.

Bob.

Edit: we might ask @trendwaves, the thread starter, his view on this, and on non-ES postings. Actually, I think I just did.


Last edited by bobwest; January 30th, 2015 at 08:48 AM.
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