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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 .
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.
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.
Hello all. I've recently joined the ranks of "the profitable traders". This is in large part due to the teachings of Mack from PAT, and others like Al Brooks, Linda Raschke and Vince Virgil. I have made slight adjustments in what I look …
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
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
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.