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Price Action Mack Style


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Price Action Mack Style

  #51 (permalink)
Super Moderator
Portland, Oregon
 
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JTurner77 View Post
When you say you looked at Mack's course, do you mean you bought it? Aside from the use of the 2,000 tick chart (vs. the 5 minute chart) and I believe his use of stops and scalping out of trades while keeping a runner, do you know of any other major differences in how Mack trades vs. Brooks? Are there specific entry bar signals that they use?

I have read quite a bit of Brooks stuff (not his books or course) and quite a bit of Mack' stuff (blog articles and videos on the youtube channel) and am having trouble discerning their different trading styles.

I did not buy Mack's course, I have only watched the videos on YouTube and read the blog. I bought all 4 of Brooks books and the video course. Mack's system is like a step beyond Brooks price action and is more about his trade management and execution. That is the main difference. Brooks doesn't really provide trade management like Mack. There are suggestions and ideas but not a set form of rules. Brooks focuses on position size, he is trading the SPY (for beginners). It is hard to focus on position size when you have only one lot on ES.

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  #52 (permalink)
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tturner86 View Post
I did not buy Mack's course, I have only watched the videos on YouTube and read the blog. I bought all 4 of Brooks books and the video course. Mack's system is like a step beyond Brooks price action and is more about his trade management and execution. That is the main difference. Brooks doesn't really provide trade management like Mack. There are suggestions and ideas but not a set form of rules. Brooks focuses on position size, he is trading the SPY (for beginners). It is hard to focus on position size when you have only one lot on ES.

Thanks.

My understanding is that Brooks' original book is tough to read, but that the newer ones are much better. With that said, they are broken into 3 volumes. In your opinion, do you need to buy the three books if you are going to buy the course itself?

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  #53 (permalink)
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JTurner77 View Post
Thanks.

My understanding is that Brooks' original book is tough to read, but that the newer ones are much better. With that said, they are broken into 3 volumes. In your opinion, do you need to buy the three books if you are going to buy the course itself?

Books 2-4 are all of book 1 broken down and simplified.

I have always suggested to buy the three book set and the videos together, that way you can watch a module and then read the corresponding chapter in the book. I found for me it helped to understand and drive home the different aspects.

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  #54 (permalink)
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Trading PATs


ofcak View Post
Hi to all, I am improving now for few weeks Mack PAT traiding ES 2000tick chart. I am plannig to open live account, which broker you think is better to have for this type of day traiding. Max. 5 trades per day, max. 50 per month. Please if you can recommend me some company for this day traiding strategy, I am from Czech republic if it is important. And also I am using ninjatrader. Thanks a lot to all for any advice.

hello ofcak!
My name is Phil, i live in Vienna...not far from you..
you wanted to open a live Account for trading macks strategy.
Which broker did you finally choose and are you successful with it?
I also plan to trade with his strategy soon, i would be happy to hear your expieriences.

Greets Phil

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  #55 (permalink)
Vienna, Austria
 
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Philmo View Post
hello ofcak!
My name is Phil, i live in Vienna...not far from you..
you wanted to open a live Account for trading macks strategy.
Which broker did you finally choose and are you successful with it?
I also plan to trade with his strategy soon, i would be happy to hear your expieriences.

Greets Phil

hey man,

just signed up here.

i'm in vienna as well and looking to trade with macks strat also.

cant send pm's yet but if ud like to chat with somebody likeminded and on the same path just give me
a message at Skype: TimStone84

peaze and good luck

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  #56 (permalink)
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Welcome Tim!


TimStone View Post
hey man,

just signed up here.

i'm in vienna as well and looking to trade with macks strat also.

cant send pm's yet but if ud like to chat with somebody likeminded and on the same path just give me
a message at Skype: TimStone84

peaze and good luck

Hey Tim welcome to 'futures.io' glad to have you as part of the community. I am also part of the 'Macks' group on skype. I am sure you will find 'futures.io' we worth the membership. There is just an amazing amount of info not to mention fellow like minded traders sharing experiences. All the best!

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  #57 (permalink)
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Once interesting feature of Mack's system is that he trades a tick or volume chart of the E-mini. He then draws trend lines starting from the overnight data that project into the opening. These trend lines may not be noticable using minute data. This can sometimes give you logical entry points right at or near the opening.

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  #58 (permalink)
Legendary Market Wizard
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https://futures.io/elite-circle/30373-pats-price-action-trading-elite-members-common-journal.html#post385400

After I posted to what is essentially a dead thread on this very subject, I got a lot of PMs from traders stating that after much time, effort and money - they just couldn't get PATs method to be profitable. Hence why the thread dropped dead overnight.

That doesn’t mean PATs method is bad, but as accessible as it appears, it doesn’t work for a lot of people.

I like Ken. I believe his motives are genuine but there is a lot of context involved when it comes to replicating his method.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
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  #59 (permalink)
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Macks on skype

Hello
I wondering if Macks room on Skype still open and how to join.
Looking for trading room that we can share trades idea looking/applying Macks/Brooks principles.
Just trading chat, setups etc.
Let me know
Thanks

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  #60 (permalink)
Sarasota, Fla
 
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Posts: 53 since Mar 2012
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Infinite, thank you for you opinion,
If you don't mind sharing, how are you applying PA to your trading that is making you 90% win trades.
Thanks again
Srq

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