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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.
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.
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.
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!
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.
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 …
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.
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- Trade what you see. Invest in what you believe -
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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
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