Price action chart lessons by Mack's PATS Trading (priceactiontradingsystem.com) - futures io
futures io futures trading



Price action chart lessons by Mack's PATS Trading (priceactiontradingsystem.com)


Discussion in Trading Reviews and Vendors

Updated by shoozer
      Top Posters
    1. looks_one trendisyourfriend with 6 posts (45 thanks)
    2. looks_two RichardHK with 5 posts (12 thanks)
    3. looks_3 Trailer Guy with 4 posts (16 thanks)
    4. looks_4 JonnyBoy with 3 posts (10 thanks)
      Best Posters
    1. looks_one Nicolas11 with 17.0 thanks per post
    2. looks_two trendisyourfriend with 7.5 thanks per post
    3. looks_3 shoozer with 5.7 thanks per post
    4. looks_4 Trailer Guy with 4.0 thanks per post
    1. trending_up 66,555 views
    2. thumb_up 226 thanks given
    3. group 74 followers
    1. forum 65 replies
    2. attach_file 4 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Price action chart lessons by Mack's PATS Trading (priceactiontradingsystem.com)

(login for full post details)
  #1 (permalink)
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,884 since Oct 2009
Thanks: 3,511 given, 4,958 received

There are interesting videos and lessons on price action without indicators at this youtube URL: clickme

I found this site by accident looking for something else but i wanted to share the link as i consider the information presented about P.A. valuable and it's all presented in a video format. The other reason i posted the link is because it's a good example of how subjective drawing oblique trendlines can be from one person to the next. I consider one way to gauge our skill in that department is by comparing our drawing to other traders and here you have a free source where you can do this. As Lance Begg nicely put it in his controversial article, i have come to realise that trendlines are seducing as they create the illusion of support or resistance but still if you can identify areas of previously proven supply/demand imbalance then it's even better. Anyway, if this info can inspire you then that's what counts.

Reply With Quote

Can you help answer these questions
from other members on futures io?
Webinar: Linda Bradford Raschke Dealing with August burnout and Trader Camaraderie
The Elite Circle
DLL with webrequest function for MC
MultiCharts
T​​​​​​radestation datafeed (real time and historical) to NT8
NinjaTrader
IB Bracker Order
Platforms and Indicators
help to convert from thinkscript to ninjascript
NinjaTrader
 
 
(login for full post details)
  #3 (permalink)
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,644 since Feb 2011
Thanks: 9,220 given, 1,014 received



trendisyourfriend View Post
There are interesting videos and lessons on price action without indicators at this youtube URL: clickme

I found this site by accident looking for something else but i wanted to share the link as i consider the information presented about P.A. valuable and it's all presented in a video format. The other reason i posted the link is because it's a good example of how subjective drawing oblique trendlines can be from one person to the next. I consider one way to gauge our skill in that department is by comparing our drawing to other traders and here you have a free source where you can do this. As Lance Begg nicely put it in his controversial article, i have come to realise that trendlines are seducing as they create the illusion of support or resistance but still if you can identify areas of previously proven supply/demand imbalance then it's even better. Anyway, if this info can inspire you then that's what counts.

ya someone had posted this on the forum a couple weeks ago.. i cant remember exactly where, but i have since been subscribed to the channel and occasionally go to watch them.. he has some nice tips you can pick up..

dont believe anything you hear and only half of what you see

\_(ツ)_/

(╯□)╯︵ ┻━┻
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #4 (permalink)
desert CA
 
Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,130 since Jul 2011
Thanks: 2,368 given, 1,708 received

One of the first educational things about trading I started out with was Robert Miner's "High Probability Trading Strategies". then later his book Dynamic Trading. I even wasted 2k on DT5. Now there's a DT6. (Dynamic Traders - Home ; I don't know why it's called "dynamic". The most rigid set of fib and wave rules I've ever seen. ) I lost money trying to trade stock options with fib and wave setups on DT5. Later on having read Al Brook's book and other opinions that 3 wave and 5 wave only work about 20% of the time in today's market. And in general in a strong trend, the retracement may go as far as only 38% , while in general a retracement tends to go from 68% to often dipping to 76% before resuming. And in general those two "rules" are all that may work. Or maybe I never learned the right way to place the fibs. Which time frame, where to place the basis point of the retracement or the projections, etc.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #5 (permalink)
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,884 since Oct 2009
Thanks: 3,511 given, 4,958 received

Hi Cloudy, i think i am slow today as i don't quite see the link between your comment and what is presented in the videos. What did i miss?

Reply With Quote
 
(login for full post details)
  #6 (permalink)
desert CA
 
Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,130 since Jul 2011
Thanks: 2,368 given, 1,708 received

Uh, Tiyf, no you're right. Sorry, I have no idea why I posted about dynamic traders on this thread! I don't even know which thread I was trying to respond to. Sometimes I have these neurotic outbursts from being scammed by some vendor in the past.

As for your thread topic. I took a look at some of the videos. They look good, nice and simple. He seemed to mention an Al Brooks setup or two using similar terminology. And the MA used looks similar to Brook's use of a single 20 EMA. Maybe this is a simpler alternative for someone looking to learn price action.

Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to Cloudy for this post:
 
(login for full post details)
  #7 (permalink)
Kos, Greece
 
Experience: Advanced
Platform: Ninja, MT4
Trading: futures,forex
 
Posts: 16 since Dec 2011
Thanks: 2 given, 16 received

Al Brooks is more than 1000 pages to read in all his 3 books.
PATs is somehow smaller.

Reply With Quote
The following user says Thank You to capsmart for this post:
 
(login for full post details)
  #8 (permalink)
near Paris, France
 
Experience: Beginner
Platform: -
Trading: -
 
Nicolas11's Avatar
 
Posts: 1,071 since Aug 2011
Thanks: 2,232 given, 1,746 received

Hi,

I have given my opinion in another thread, so it is logical that I repeat here.

I personally think that PATs Trading is serious.

In my view, he is not really a "vendor". It is right that he proposes a PDF book for $99, but he rarely mentions its existence in his numerous free videos (175 videos at the time I am writing this message). After having watched a few free videos, all the setups are clear, and I think that he knows it very well. He has apparently even tried to discourage a futures.io (formerly BMT) member to buy the book (reference).

I have bought the book. Not because I felt a need to better understand the methods after having watched the videos. But more to thank him for what I have learnt while watching the free videos. The book is well presented and is a convenient reference material and "package" for the method. It also goes deeper in the rationale behind the setups.

What I appreciate with him is that he shows the implementation of his method every day (for free).
I have often been frustrated with some other "masters" (not necessarily vendors) when they do not show the implementation of their methods on, let's say, a whole week. Showing on a whole week (even with hindsight) allows a much better understanding of the method. How many setups per day in average? In which market conditions? Is it possible to have a full day with no setup? etc. PATs is not afraid to do so. Once more, for free.

I would recommend the watching of his free videos to a beginner in price action. Or to some one who has finished to read Al Brooks and does not manage to implement it. It was my case. After having worked a lot on Al Brooks' book, I was disappointed to see that the current charts were not looking as in the book. PATs method seems derived from Brooks, but it is simpler, it is clear, and he implements it every day on ES.

Would you be profitable with this method? As for all methods, nobody can tell.
But the Youtube videos are worth having a look imo. At least for education on price action (if needed).

Nicolas

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #9 (permalink)
Kos, Greece
 
Experience: Advanced
Platform: Ninja, MT4
Trading: futures,forex
 
Posts: 16 since Dec 2011
Thanks: 2 given, 16 received

I am also PAT's (Mack) fun. I agree with what Nicholas said and would like to add that he is always replying to my emails within the day, giving explanations and answering my questions.

Reply With Quote
The following 8 users say Thank You to capsmart for this post:
 
(login for full post details)
  #10 (permalink)
Newcastle, Australia
 
Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker: IB
Trading: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 184 received


Hi
How many pages are in his price action manual ?

Regards,
Neil.

Reply With Quote
The following user says Thank You to NW27 for this post:


futures io Trading Community Trading Reviews and Vendors > Price action chart lessons by Mack's PATS Trading (priceactiontradingsystem.com)


July 23, 2020


Upcoming Webinars and Events
 

Dealing with burnout w/Linda Bradford Raschke

Elite only
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts