How To Enter A Second Entry

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PATsTrading

PATsTrading

4 жыл бұрын

priceactiontradingsystem.com
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Пікірлер: 99
@tesqiebay
@tesqiebay 4 жыл бұрын
We're so lucky to have Mack do this for us. Best of luck for your surgery Mack!.
@jasonh.9749
@jasonh.9749 4 жыл бұрын
Excellent lesson, much appreciated! It cleared something up for me! My prayers and best wishes go out to you for your surgery Mack! We'll see you back here when you are ready!
@sxuttv
@sxuttv 4 жыл бұрын
Thank you for the Saturday treat Mack! Good luck with your eye surgery Tuesday. 🙂
@michaelazuela
@michaelazuela 4 жыл бұрын
Nothing short of amazing. People make you pay for knowledge of this kind.
@imeatingnemo4412
@imeatingnemo4412 Жыл бұрын
2 years later here. I see what you did there
@ImUrZaddy
@ImUrZaddy 4 жыл бұрын
I can see how this would take a lot of screen time to master, on paper and with the help with hindsight this seems easy, but in reality there’s a lot to take into account when analyzing the chart. Thank you Mack for the lesson, I still have a long long way to go, but I’m grateful that you’re doing these educational videos to help noobies like me out :)
@FlatCirclee
@FlatCirclee 10 ай бұрын
Good@@khasmtrade
@SweetBabyFreezus
@SweetBabyFreezus 4 жыл бұрын
Definitely cleared up some confusion I had about second entries. Thanks!!!
@MrWoodbreeze
@MrWoodbreeze 4 жыл бұрын
Wow Mack, you knocked it out of the park! Really clear about the 2nd entry, the exact signal bar, using matching highs/lows and evaluating the inside bar. A great Saturday morning surprise. You'll be good to go once you're done with the eye surgery, good luck.
@Juanmaturriago
@Juanmaturriago 4 жыл бұрын
This is so much better than reviewing a whole day, I think the hardest thing about scalping, counting legs and pull backs its the real time. Thanks for sharing the video
@pantac4493
@pantac4493 4 жыл бұрын
You can practice that on your own, bar by bar like shown here. This video is nice as a extra video but it does not take the place as a daily chart lesson by a long shot
@nateo7045
@nateo7045 4 жыл бұрын
​@@pantac4493 Nah they both have their own place. This is much more detailed and explains thought processes in real time. Where as daily just goes over all the potential trades without going into detail on them like here.
@pantac4493
@pantac4493 4 жыл бұрын
Nate that’s why I said it nice as an extra video but doesn’t take the place of daily chart lesson if you know what you’re doing. He has a manual and premium section if you need more detail
@MrWoodbreeze
@MrWoodbreeze 4 жыл бұрын
This is exactly like a premium video were Mack uses a short video and demonstrates one topic in great detail.
@nateo7045
@nateo7045 4 жыл бұрын
@@pantac4493 I have the manual :)
@firstcalladvisorygroupllc2222
@firstcalladvisorygroupllc2222 4 жыл бұрын
Thanks so much for reviewing double bottoms along with second entries. This was great!
@Leroy510
@Leroy510 4 жыл бұрын
Thank you Mack! Just bought your manual and these videos are super helpful.
@ioathlete
@ioathlete 4 жыл бұрын
Mack, this is a great lesson! Pulls together a lot of ideas from the other videos and shows them in context - awesome stuff! Thank you!
@notriggernotrade45
@notriggernotrade45 4 жыл бұрын
Thank you for clearing up second entries - Love the videos
@simony8910
@simony8910 4 жыл бұрын
thanks for the clarification Mack. this validated my thoughts. good luck on your surgery
@Morgan-ui7nx
@Morgan-ui7nx 4 жыл бұрын
Thanks for the video, very helpful. I would also love a similar one going through entries in smaller ranges (failed breakouts, pullbacks, etc.) Thanks again and good luck with the surgery!
@DX-iv4er
@DX-iv4er 4 жыл бұрын
Thank you for the lessons Mack, all the best for your surgery! See you again soon
@jerrynix5206
@jerrynix5206 4 жыл бұрын
Thank you Mack for this amazing chart lesson!!! Best of luck to you on your upcoming surgery hope all goes well and that you have a speedy recovery, my prayers are going out to you! This video is definitely going in my saved price action video collection.
@shaunabs7681
@shaunabs7681 4 жыл бұрын
Thank you Mack. Praying for your surgery to go well.
@daniels1201
@daniels1201 4 жыл бұрын
Thanks again Mack and good luck on your surgery.
@steventhompson3679
@steventhompson3679 4 жыл бұрын
Thanks Mack, very helpful and well done. I appreciate you a lot!
@bdfxvideo
@bdfxvideo 4 жыл бұрын
Thank you Mack. Very helpful. Please do more of this bar by bar analysis. Very grateful. Good luck with your surgery.
@ricklynch347
@ricklynch347 4 жыл бұрын
Thanks Mack. Appreciate the quick lesson
@viking7084
@viking7084 4 жыл бұрын
Thanks Mack. Good luck Tuesday!
@artmeditationvista1526
@artmeditationvista1526 4 жыл бұрын
This alternate format is helpful...hope you use it regularly too!
@adiguru3176
@adiguru3176 4 жыл бұрын
This is the best video on the 2nd entry explanation and also all the surrounding elements such as double top/bottom mysteries - hee hee
@adrian.1983
@adrian.1983 4 жыл бұрын
Great info - thanks for the Saturday video!!
@Rudyard_Stripling
@Rudyard_Stripling 4 жыл бұрын
Thanks Pat, great knowledge shown here.
@yax75
@yax75 4 жыл бұрын
Thanks Mac some really great learning and examples
@mattanderson6672
@mattanderson6672 8 ай бұрын
Thank you, I'm watching this on shrooms and it's very informative
@nuttyjobstillsucks
@nuttyjobstillsucks 3 жыл бұрын
first entry simply means , first attempt to resume the trend - which most first entries will stall, and then pullback again he is not saying that you enter a trade on the first entry, better to wait on the 2nd pullback with a good signal bar
@johnpena5897
@johnpena5897 4 жыл бұрын
Great stuff as always thanks and hope everything goes well
@traderlaunda1894
@traderlaunda1894 11 ай бұрын
0:55 - 2nd Entry Short 6:13 - 2nd Entry Long 11:04 - 14:31 -
@fatimaWr2
@fatimaWr2 10 ай бұрын
Two legged move is dope ! ( I mean with trend second entry 😃)
@DumbledotEU
@DumbledotEU 4 жыл бұрын
Great video Mack, thank you - Gabe
@alexisak3656
@alexisak3656 4 жыл бұрын
Thanks a lot Mack.
@mauriceamaraggi8098
@mauriceamaraggi8098 2 жыл бұрын
Thank you for your videos. I am a bit confused at 3.39. Is it really a second entry short? The low of the smal bear bar is not below the low of the former green bar? So at least for me the ascending leg is not contradicted.
@pedrosanchezroca181
@pedrosanchezroca181 3 жыл бұрын
hi Mack! in the first trade you showed at around minute 3:30, I wonder why you look for an entry short in something that starts to look like an uptrend movement? shouldn't you be looking for long entries in an uptrend movement as per your rules??, thanks!
@hieuimba
@hieuimba 4 жыл бұрын
14:10 what about the bull bar next to that doji? I think that one would have made a good signal bar
@dharmendrauniyal6786
@dharmendrauniyal6786 4 жыл бұрын
thanks mack...god bless you.
@MarkDabid
@MarkDabid 4 жыл бұрын
Very helpful!
@thatguy14713
@thatguy14713 4 жыл бұрын
Why was that bar chosen as the signal bar for the second entry short? Prices didn’t make a lower low like the first signal bar right? Is there an exact criteria for determining second entries or is it more discretionary?
@christopherhorne7136
@christopherhorne7136 4 жыл бұрын
Thank you Mack. Hope your surgery went well. Cleared up a lot for me. The only point of confusion is why the bullish green signal bar was good enough to go short on that last double bottom example you gave (16 min mark in video) compared to a couple of the other signal bars that were more neutral that you said weren't good signal bars. Would love clarification on that when you feel up to it. Thanks.
@jhoss24
@jhoss24 2 жыл бұрын
Just watched the video. I think he said he took the trade because even though the signal bar wasn't great, there was a significant trend line AND the EMA both on top of each other acting as resistance. So those few things, coupled with the market has been in a big downtrend I think warranted an entry there, even though the signal bar wasn't great
@leenguyen-po2ic
@leenguyen-po2ic 4 жыл бұрын
thanks for sharing the video
@firstcalladvisorygroupllc2222
@firstcalladvisorygroupllc2222 4 жыл бұрын
Praying that your surgery goes extremely well and that the Lord will guide the hands of your medical team!
@shanmugasundaram6625
@shanmugasundaram6625 Жыл бұрын
just so I understand correctly, when the price pulls back to ema, take postion on the second trend candle. And that candle should be in line with the trend.
@magma3525
@magma3525 6 ай бұрын
It's probably a dumb question, but *when price makes a higher high, do you also reset counting the lows?* It seems to me that you do, but I'm not sure. This is a pretty old video, hopefully you'll receive my question. I appreciate your lectures, thank you.
@Dannydhanny
@Dannydhanny 4 жыл бұрын
Thank you for the video Mack! I heard many a times you mention matching highs or lows. I could not find any good explanation online about why matching lows/highs are important or what is the significance of matching high/lows. If I may request you, could you please spend a minute or two explaining it in your one of the chart lessons! I would really appreciate it. Thank you! Hope your surgery goes well and you can see the charts and life better! Good luck!
@Ryushinka
@Ryushinka 4 жыл бұрын
Matching high/lows are essentially a reversal pattern that may indicate that the buying or selling has come to an end and a reversal may take place which is confirmed by later bars. A Google search has lots of info about them. Macks view may be different but in this video, I believe it was meant to show that your count can start from either low or high depending on the later setups.
@garysnyder6390
@garysnyder6390 4 жыл бұрын
Google technical analysis of 'double tops /double bottoms' should be a help
@taylor_o
@taylor_o 4 жыл бұрын
Around 13:12 you call the red candle the signal bar, but wouldnt the following green candle be the signal bar, since it was the second break higher?
@MrWoodbreeze
@MrWoodbreeze 4 жыл бұрын
In a move down, the signal bar is the LOWEST bar of that SWING, bar color does not matter. The signal bar is that LOWEST BAR and no other bar. That's why even though the following bar is a beautiful green bull bar it is NOT the signal bar because the green bar is NOT the LOWEST BAR of the move down.
@simony8910
@simony8910 4 жыл бұрын
i was thinking the same. The next green candle i thought was the signal bar and would have placed my stop entry long a tick above that
@Mojo702
@Mojo702 3 жыл бұрын
Is that a 2nd entry long at 08:56? Or no because the low at 08:56 broke the low at 08:46?
@quiksilver87
@quiksilver87 4 жыл бұрын
Hey quick question, If you have mastered this trading system. Are you a multimillionaire yet? Also, are you teaching out of the kindness of your heart?
@josecuervo1446
@josecuervo1446 4 жыл бұрын
Thanks Mack, I was hoping to see a video lesson for this date, because I had a massive red day. It seemed like every trade I took went against me (frustrating). thanks God I was trading the /MES. I have been using the close of the signal bar to place my entry. but by looking at your video and rereading the manual the entry actually goes on top of the wick if there is one. Is that correct?
@josecuervo1446
@josecuervo1446 4 жыл бұрын
@@ktanner8994 thanks. The bars don't actually print the same. All I could do was to get it as close as possible
@Ryushinka
@Ryushinka 4 жыл бұрын
You're placing your entry one tick above or below your signal bar. This is either at the close or low, whatever was highest/lowest. Notice when Mack uses the crosshairs to find the price he places it one tick above or below as that is where you would enter. Remember to walk away if you lose a few trades, go for a walk and come back and maybe switch to the sim if you're not using that already. Also, you can use the ES chart and trade the MES, there is an article on the website posted a few days ago, prices are the same but your entry sizes are smaller. If you want to stay on the MES make sure your on a 950 tick chart as Mack recommends but others use numbers close to that, play around in increments to find what fits best in your eyes.
@Riygel
@Riygel 4 жыл бұрын
​@@Ryushinka I've definitely noticed that even on a 950 MES chart there are many more losers than winners even when trading second entries. I haven't started to look yet but I truly think a higher number tick chart is needed to trade the MES like at least 1000 tick. I'm guessing the right tick chart for the MES is probably somewhere between 1000-1250 ticks
@flyingcat812
@flyingcat812 4 жыл бұрын
Wish you will recover quickly.
@photize
@photize 4 жыл бұрын
Good luck with the surgery GWS Pho
@mauriceamaraggi8098
@mauriceamaraggi8098 2 жыл бұрын
A bit confused. The Color of the bar seems to matter more than the real high or low.
@nateo7045
@nateo7045 4 жыл бұрын
I know it's not advisable to trade later into the day, but holy shit did anyone see the crazy price action that happened around maybe 4-5? Man that was scary.
@gtlap01
@gtlap01 4 жыл бұрын
A bit confused. At minute 16:08 when he is showing the short trade he mentions that he would have placed the entry 1 tick below the last green bar up. If we go by the rules, that is not a good signal bar because it is bullish and also did not make the high. The signal bar should have been the red bar. I understand the trade as the red bar ticks higher and the hits the entry but as I understand by the rules the entry he shows is not a second entry short . Im I missing something? Thx for the comments and thx Mack for these Saturday teachings you are doing.
@Ryushinka
@Ryushinka 4 жыл бұрын
I believe your signal bar can also be your entry bar however I could be wrong. Regardless, as the price first went up and turned down at both the EMA and the trendline it showed the strength of the downtrend and so it was likely to go lower and if it did go lower than the previous bar you could count it as a second entry. Even so, if you wanted to trade more conservatively and did not like that bullish bar, as the low was a double low you can count it as your first entry and wait for a second which may come later depending on how your bars printed.
@MrWoodbreeze
@MrWoodbreeze 4 жыл бұрын
What you missed is that this is a TRAP! A TRAP is one condition were the signal bar is not as important. Price first broke above the prior green bar, then turned down and went out to other side (bottom) on the SAME BAR (bear). So ANTICIPATING this TRAP may happen, you'd have a sell stop order WAITING 1 tick below the prior bar ( green bar). Now you may want to go back to the video and hear this again in Mack's own words.
@cryptocpa1194
@cryptocpa1194 4 жыл бұрын
That setup is a little tricky because usually you are waiting for your signal bar to finish so you can determine whether or not it is a good signal bar. Many times the signal bar does not eclipse the bar before in the direction you want to trade but in this case it does. What you have to do here is be cognizant of the market context, understanding that we are in a nice down trend and have pulled back to a key entry point on a potential second entry short. If you see that the bar looks like it is heading lower then you want to place your stop above the green bar to get stopped into the trade earlier. If that signal bar ends up being like a 3 or 4 point bar by the time it closes then it becomes less appetizing to enter on it because the market has dropped so much already within the bar itself. You might just want to wait on a trade you are more comfortable with.
@scarr6200
@scarr6200 4 жыл бұрын
Speedy recovery off of the surgery Mack!
@CaCa-id5cq
@CaCa-id5cq 4 жыл бұрын
awesome Mack! thanks a ton!!! Hope you have a quick and pleasant recovery
@babouin1977
@babouin1977 4 жыл бұрын
i think the term being used is confusing. when you see first entry do you mean an entry to the trade? or entry to the leg?
@huntstoddard9322
@huntstoddard9322 4 жыл бұрын
To my newbie judgement, entry to the trade. For longs, this means: new high pullback (first leg), first entry, pullback (second leg), second entry.
@babouin1977
@babouin1977 4 жыл бұрын
So r u saying in each 2 leg pullback we have 2 entries for each leg and thus have 2 trades?
@Roy-xe9is
@Roy-xe9is 4 жыл бұрын
PLEASE HELP: Looking at the clip at around 14:50. That doji @ 14.44 on the chart is a new low, the next candle broke higher than this doji, so, this would be a first entry short, and the doji @ 14.48 on the chart would be the second entry short, as it broke the previous(green) candle. So, I could place my short 1 tick below this doji? Right?
@cryptocpa1194
@cryptocpa1194 4 жыл бұрын
No, the green bar before the doji you reference at 14.48 is a new low so the count starts over and that next red doji is only a first entry short. Even so at that point if it were a second entry short, Mack would tell you that it is too far away from the EMA to take a trade. We are not only looking for second entries but we want to make sure we enter at KEY ENTRY POINTS with GOOD SIGNAL BARS. In this situation it would be a pull back to the EMA and/or the top of the trend channel if we had drawn one. At 14:58 of the video, prices have now pulled back to the EMA and we have a good bearish signal bar. Hope that helps.
@davidhunt2328
@davidhunt2328 2 жыл бұрын
Why do you use a white cursor on a white background
@ashishjadhav801
@ashishjadhav801 4 жыл бұрын
Such chart lessons are much better than reviewing the entire day chart.. Please continue this practice..
@pantac4493
@pantac4493 4 жыл бұрын
This video is nice as a extra video but it does not take the place as a daily chart lesson by a long shot. You’re not seeing the whole picture if you don’t like a daily chart lesson
@nateo7045
@nateo7045 4 жыл бұрын
@@pantac4493 ​Nah they both have their own place. This is much more detailed and explains thought processes in real time. Where as daily just goes over all the potential trades without going into detail on them like here.
@pantac4493
@pantac4493 4 жыл бұрын
Nate that’s why I said it nice as an extra video but doesn’t take the place of daily chart lesson if you know what you’re doing. He has a manual and premium section if you need more detail
@albinkhvorostov2665
@albinkhvorostov2665 3 жыл бұрын
The white accordion really wait because wave especially object during a wanting motion. pink, snobbish gladiolus
@Riygel
@Riygel 4 жыл бұрын
Mack can you bring back the light yellow circle around the mouse cursor that was helpful. but not too dark of course, more transparent. Thanks so much for this excellent information.
@pantac4493
@pantac4493 4 жыл бұрын
No, makes it hard to see the price action. You need to change resolution on KZbin or watch on larger device, it’s not hard to see at all if you’re paying attention
@Riygel
@Riygel 4 жыл бұрын
Pan Tac don’t worry I’m paying attention lol just thought I’d ask.
@pantac4493
@pantac4493 4 жыл бұрын
Riygel I just find it’s much cleaner and clearer without it. Makes the bars harder to see with it on, especially on charts people send him
@Riygel
@Riygel 4 жыл бұрын
Pan Tac the only time it was hard to see with the yellow circle was the day he started using his new computer about a week or two ago because it was too opaque. For the last 8 years all his videos had the yellow circle and it was no problem to see. He just needed to change the transparency of the circle when he got his new computer but he took it off completely. It’s just nice to hone in on his mouse easier with the yellow circle. It just needs to be the right level of transparency
@pantac4493
@pantac4493 4 жыл бұрын
Riygel it’s a preference but it’s plenty easy to see without it and personally I like it better. I think it’s a matter of paying more attention and sometimes not necessary to look at pointer every second if you’re listening to what’s being said
@bestgadgetdude198
@bestgadgetdude198 2 жыл бұрын
seems like you are confused yourself and making me even more confused. thanks
@wss2598
@wss2598 4 жыл бұрын
Mack, you courser is hard to see. Can you make it larger and darker color?
@pantac4493
@pantac4493 4 жыл бұрын
It’s easy to see, maybe you need to change your resolution for viewing video or watch on computer screen/tv
@benoitb.538
@benoitb.538 4 жыл бұрын
On the last example with the double bottom, what if we start counting from the precedent low ? It would make the double bottom as a second entry (and "your" second entry as a third entry) and therefore a loosing trade ?
@JesusGangstafied
@JesusGangstafied 3 жыл бұрын
Michael Chin provided the sole dislike to this video...
@mendelvent4330
@mendelvent4330 3 жыл бұрын
Investing in a profitable investment will surely help you pay off your debts easily
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