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Price Action Mack Style
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Created: by msull35706 Attachments:9

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Price Action Mack Style

  #31 (permalink)
Site Administrator
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BeachTrader View Post
What I think lsubeano means is that this particular forum is for vendor and product reviews. This thread on Price Action Mack Style sounds more like a trading journal. Check out the other threads in this forum to see what I mean. Much more of a discussion on vendors - good / bad / ridiculous / etc.

Correct.

This thread is for product reviews. Make your review then move on --- this thread is not for journaling or posting your own trades.

Mike

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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #32 (permalink)
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Big Mike View Post
Correct.

This thread is for product reviews. Make your review then move on --- this thread is not for journaling or posting your own trades.

Mike

Actually I think he may have meant this thread as more of a journal. There are at least 2 other review threads for "Mack" already, one for his daily youtube videos and one for his site which is priceactiontrading.com .

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  #33 (permalink)
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mongoose View Post
Actually I think he may have meant this thread as more of a journal. There are at least 2 other review threads for "Mack" already, one for his daily youtube videos and one for his site which is priceactiontrading.com .

I agree and have moved it to Journals.

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.

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  #34 (permalink)
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Big Mike View Post
Correct.

This thread is for product reviews. Make your review then move on --- this thread is not for journaling or posting your own trades.

Mike

Mike

Thx for moving my thread to Journals from Product Reviews.
My bad on initially creating thread.
Beginner's mistake...

Thank you


Mike Sullivan

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  #35 (permalink)
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PAT journal

Hi Mike,

just found your journal on using Mack's PAT and it stopped. Are you still active with PAT or on a different thread, was really interested in sharing, discussing PAT using Mack's methods.

Thanks, TripK

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  #36 (permalink)
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Nice Journal...

Hello fellow Price Action Traders. I'm so glad to see so many others finding success using Mack's teachings! He is a wonderful mentor. At the beginning of this year I happily joined the ranks of the profitable traders (in large part due to Mack's teachings).

I've always been curious to know how many others are profitable thanks to Mack's teachings. I wanted to start a poll on this subject, but I'm not sure how (or where to put it, for that matter). Anyhow, I hope that all of you are finding great success with Price Action Trading as well. If you haven't reached that profitable stage, just keep at it. It will come! I can speak from experience. It just takes a little time.

I'd be interested in hearing who else has had their lives changed by Mack's PATs. I hope others share.

P.S. I know this is a trading journal, so I'll leave a link here to my journal wich shows entries following Mack's techniques as well. I also post videos of live trading days on youtube (which are imbeded in my journal). If anyone is interested, you are welcome to post/view/etc. there as well.

Journal
https://futures.io/elite-trading-journals/27629-price-action-trading-mack-acolyte.html

Youtube Channel
James Dawsey - YouTube

I love this journal you guys have running. Keep it up!

Later,
James D.

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  #37 (permalink)
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Price Action Trading System

Hello Fellow PAT traders,
I am glad to see there are more people that have discovered Mack and his price action trading strategy. As you know, Mack makes his living trading and then shares his daily review of his chart to help people like us learn the PAT strategy. However, IMO, the place to learn his approach to PAT is on his web site and his daily Youtube videos. It does not get any better than that. If a person is interested learning how to day trade the S&P 500 emini futures, symbol ES, then Mack is your man. He only trades the ES and once again, makes his living doing this. He does not jump around to any other instrument. (He does not need to.) If you want to become a successful (meaning profitable) day trader then learn from Mack. Of course, this is just my opinion, Mack is the best and most cost effective mentor on the internet. I am finally on the road to becoming a successful day trader, trading only the ES in the morning session. This is all I need to meet my daily goal and grow my account.

Check Mack out. priceactiontradingsystem.com
Steve

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  #38 (permalink)
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steveo107 View Post
Hello Fellow PAT traders,
I am glad to see there are more people that have discovered Mack and his price action trading strategy. As you know, Mack makes his living trading and then shares his daily review of his chart to help people like us learn the PAT strategy. However, IMO, the place to learn his approach to PAT is on his web site and his daily Youtube videos. It does not get any better than that. If a person is interested learning how to day trade the S&P 500 emini futures, symbol ES, then Mack is your man. He only trades the ES and once again, makes his living doing this. He does not jump around to any other instrument. (He does not need to.) If you want to become a successful (meaning profitable) day trader then learn from Mack. Of course, this is just my opinion, Mack is the best and most cost effective mentor on the internet. I am finally on the road to becoming a successful day trader, trading only the ES in the morning session. This is all I need to meet my daily goal and grow my account.

Check Mack out. priceactiontradingsystem.com
Steve

R u working with Mack?

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  #39 (permalink)
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supermht
R u working with Mack?

No, I am a member of Mack's premium site and have been studying his approach since May 2013. Day trading is not easy to learn, but if I am ever going to learn it and be successful it will from Mack. I contend if you cannot learn price action day trading from Mack, then you will probably never learn it.
Steve

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  #40 (permalink)
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Benjie View Post
Hi Mike,

I have been watching a couple of Mack's videos since VinceVirgil recommended them in one of his posts, but was shocked when I saw one of his videos where he scalps the ES for 4 ticks take profit and a stop loss of 8.
Which would mean he has to get more than 66% winners to break even, you might even need 70% with some brokers.
Which made me avoid buying his 100$ manual, as I thought nothing good can come out of such trades.
Whats your thoughts about implementing his strategies on CL ?? I am a previous Euro trader on forex market, CL trading can provide much more entries than Euro per day. And what was your Stop loss on these trades you posted ?

As long as your actual risk (the max amount of ticks the trade goes against you + 1 tick) is equal to the scalp target then you are good. I may enter a trade with a 8/10/20 tick stop, but take my profit on my actual risk. It the trade went against me 5 ticks then 5 ticks would be a scalp target, 10/15 ticks would be a swing. (A caveat with this is I do not allow a trade to go against me more than once, once it is in my favor and past a scalp profit I will bring my stop to B/E.)

The biggest thing is being patient and taking the best setup, if you can do that you will have a higher % of winners.

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