PATs - The Holy Grail of Trading - Episode 050823

priceactiontradingsystem.com
Learn how to day trade with price action trading strategies.

[@bosstrading928]

I never really watch Mack's videos anymore, I watched this one because of the thumbnail. All I have to say is what this man taught me, through his videos, pays for my lifestyle today, and pays well. It took me 6 years to achieve my first profitable year, but i got there. Mack shows us the way, then it's on us and our emotions. Thank you Mack for everything. You genuinely changed my life. ❤

[@vandelayindustries6128]

Are you using the PATs method by Mack? I have been watching his videos on and off since 2014. Still not profitable. But I'm not as dedicated though because I only do this for a period of time before taking a looooong break. Did you tweak the method a bit? Are you shooting for more than 1 point on that first exit? I am. I go for 2 points.

[@MichaelDeffelyJr]

@@vandelayindustries6128 I'm profitable as well. Just do what Mack says. 1 point targets, only go for 2nd entries. NOTHING ELSE. You may only have 4-5 trades per week, but that's all you need. With Apex trading accounts you can quickly get to trading 20 contracts. With 1 point targets, 20 contracts is $1,000 per trade. You can do it. If you can't discipline yourself to only take 2nd entries, than check out Jared Tendler's book on mental game stuff.

[@Poizn0]

@@MichaelDeffelyJr apex is okay with tick scalping?

[@cosmicgirl1234567]

Thank you Mack. This was a great lesson. I hear your frustration and I implore you to ignore the naysayers and keep doing what you’ve been doing because there are many of us grateful to have found you and appreciate everything you do. Anyone who wants to follow the hucksters do so at their own peril. Me, I’m staying here, with the method you’ve taught, that makes sense and is no fuss or technical gymnastics.

[@joelbrock6561]

Mack, this was one of the better videos you've made in awhile. If you went over 4 or 5 trades a day in detail with the holy grail explained (trend lines, 2 legs, S/R and KEP), I believe the newer traders would learn more that way then they would doing the whole day of chart reading. Thanks for your effort.

[@kbkakj]

EXCELLENT VIDEO, Mack. This is definitely your SWAN song! If you never teach another thing at all, you've truly done enough. This stuff works for real - when you follow the rules. Great, great lesson. 👏👏👏

[@saltygravy6928]

Thank you for all your effort. You are doing more then a lot of people out there in the world. Trying to teach a skill to help people that just won't listen. My suggestion is that you don't let them disrupt your joy. Just keep doing your best and keep moving forward. Thank you again for your time.

[@steven6358]

This was a FANTASTIC overview, Mack. The hardest part is being disciplined enough to wait and do nothing and not settle for something. Thank you!

[@MichaelDeffelyJr]

The people giving you grief are the ones not cut out for this business. If they don't have the discipline and patience to simply trade second entries with trend, how do they think they are smart enough to use "sacred geometry" to trade lol. Thanks for all you do, Mack

[@zanaik]

I have personally learned a lot from your videos Mack with success to show for it. I'm sure you know, but many appreciate the work you put into these almost EVERY day.

[@ratrading4602]

Thanks so much for this Mack! I mainly watch your videos now for the mindset point of view and this video tops them all. The simplicity of this method is so nice and I love how you break it down into such simple parts in this video.

[@Peej911]

It will be a sad day for the trading community when you retire Mack. A few years ago I know you talked about it and thankful you have kept going during all of my learning, but I’ll be happy for you to do what you’d like to do full time! I knew when I saw the time on this one a soap box was in order! Love the video, and I can’t stand the haters on you.

[@rampoudel1467]

I'm not successful on this. This doesn't mean it doesn't work.Pesonally, I'm not discipline to have success and I'm working on it. Listening to your analysis give clarity and peace of mind. Most of us truly appreciate your effort Mack. But, as you said many times It's not easy to be successful.That's why I think people get frustrated and asked different questions.

[@ShayneHammond]

Thank you Mac for everything you do. You are a wonderful teacher and an inspiration to us all.

[@benrobinson5839]

You are changing my life Mack. From the bottom of my Heart. Thank you.

[@johnathanwetherill456]

MASSIVE THANK YOU FROM ME AND I THINK I SPEAK ON BEHALF OF ALL THE REGULARS .THANK YOU MACK . You will never stop trading though . Its in your blood ! Trader for life !!

[@PincheBeanie]

i really needed this today.Thank you for this video and everything you do Mack.. Your dedication to the PATS community is both invaluable and immeasurable

[@rylith16]

watching this channel every single day - appreciate today's special

[@bedorusrex]

For those of you new to this channel: the name of the goat speaking and recording this video is “Mack”

[@TheBowshier]

Thank you, Mack. I’ve been suffering from the misguided teachings of others out there and this was my sign to come back home to the truth. Appreciate you!

[@zenoo514]

Thank you for all your work Mack! God bless you !

[@mike.userHNVA0UrCzL]

Mack - wow that was an incredible lesson - similar to those ones from back in the past!!!! Thank you.

[@asis19999]

Remarkable video, learnt a lot, don't have words to thank

[@kito2576]

Thank you, Mack! I appreciate this video. It's really helpful :)

[@Josh23913]

Maybe I missed something, but your first step in the Holy Grail is to "determine the prevailing market direction". While discussing this you showed data from previous days, which makes it simple to see. Unfortunately, I've seen this type of thing in too many KZbin trading videos. It's easy to see what happened and what should have been done when looking backwards. But it seems to me that determining the prevailing market direction for 'today' cannot be done using 'today's' data, unless a good portion of the day is already complete. And even then, it is just an 'educated guess'. So, are you saying to use the previous day's data to do this? All of the other steps make perfect sense, but I would really like to hear more about how 'you' determine market direction at the 'beginning' of a trading day...Thanks!

[@tobe259]

Great video. Thanks.

[@atrading6339]

You didn’t have to address this nonsense but you did, that shows you’re a real one.

[@carissacarambot2838]

Loved this!! 🤩 I’m going to be sad when you retire Mack. I’ll be happy for you of course, but thanks for the reminder that I better soak up as much as I can before you go! 🤓 Thanks for your patience and hard work! ❤

[@charlesarthur1014]

Another great video for free. How can anyone criticize Free is insane. Get your health back and enjoy what you do. Retirement for me lasted 6 months and became so boring that I have to work at something.....ergo trading. Thank you Mack for all your selfless service to this difficult industry and difficult people.🍀⛳🎣

[@steventhompson3679]

Thank you Mack!!!!

[@AsiaStreet365]

Great vid Mac. This is the holy grail👍

[@bohdanpetsukh1138]

God bless you Mack!

[@cindyj3041]

Thanks Mack!

[@zipzent50]

Thank you Mack.

[@hayze7095]

That was awesome Mack. Love the holy grail. Patience and follow the rules. KISS theory Cheerz.

[@connorsp]

Another classic Mack training video. Put this on your favorites.

[@PersonalTrader109]

If only I had your patience with people Mack... Thank you for everything, you gave back alright!

[@danielvivian1413]

Sir god bless you l'm really thankfull for all what l have learn through your videos and what l will learn. Sorry for being selfish but in order that l only have 6 month follow you methods l wish you retairments' date doesn't arrrive soon so l can keep learning. Again thank you very mouch and appreciate you time. Blesses

[@markkimmerling4251]

Yes! Ive been waiting for the Holy Grail!

[@royg3022]

Thanks Mack

[@ivicacandrlic833]

I was trading for 2 years using Pats strategy...I am not even close as he is... my statistics are 54% win rate.. when I win I make 750 USD on 5 contracts... when I lose its 600 USD... I can make a living with that... but would be nice to trade with Pats side by side to correct my mistakes and become as good as he is...

[@FifeTrader]

Thank you Mack

[@janmeijer9774]

Thanks Mack for this video!! Appreciate that you share your knowledge! Only there is a misty spot on the video?

[@rubentcolon7566]

Fishing and golfing every day sounds good. Hope you get there soon Mack

[@shoikan7358]

Thanks Mack for all your videos and hardwork. For those struggling and starting out it does get easier with time. The forums are a great resource if you need more help. Tons of great content can be found on the forum from previous posts.

[@ktanner8994]

+1

[@sentralorigin]

@@ktanner8994 kinda miss you posting on the forums

[@ktanner8994]

​@@sentralorigin I wouldn't be where I am in my trading career at this point if I didn't participate in the forums.

[@shoikan7358]

@@ktanner8994 100% in the same boat

[@PincheBeanie]

I fudgin love ya Mack!

[@jorgeley]

Just thanks :D

[@TradeDrifter]

It's unfortunate Mack has to address this. Anyone with clear thinking can see he has shared everything. What you believe he his holding back is simply the skill he has acquired through time. God bless him for sharing what he can.

[@MMxxxM]

Everyone greatly, greatly appreciates all the time he has taken to show the PATS system. The HUGE problem for newer traders (I have 4 years experience), is always showing 100% win rate in every chart review, skipping over trades that the majority of traders with 2-3 years experience would take & acting like they never existed. Only what 2-4 losers have been showing in 10 years of videos???

[@danielle8622]

@@MMxxxM His chart reviews do not show trades taken, they show potential trades that could have been taken that meet the criteria of our setups. They are the high probability setups, and they are pointed out so that you can learn to spot them. Why would he bother wasting time showing trades that aren't high probability and shouldn't be taken? We know they shouldn't be taken by process of elimination because they didn't meet the criteria. Seems like you're not approaching his chart lessons with the proper mindset or expectation. That's on you, not on Mack.

[@Gagan_S]

Amazing video. Always good to go back to the fundamentals. Also a shame you're getting all of this libel

[@mebowexp8564]

Thank you Mack, I noticed that you qualify the mid line as a minor KEP, but in this video, there is no mention of the EMA as a KEP, is it on purpose or an ommission (in short is the EMA considered as a KEP please)?

[@Alfredo-ww8od]

Minor kep

[@janmeijer9774]

Just a question: do take the order with a market order or a limit order?

[@Chris-zv6yv]

Market

[@10kbaby51]

Sir,what’s the common signal bar in every trade??

[@richardcrown9764]

@KATHIMORGAN1 is her user name for help.

[@RozJay19]

Screw the haters Mack! I can't believe he's giving y'all paid content for FREE! 😮.

[@bmwshark]

Fishing with Mac instead of trading? I take that 100% of the time.

[@melvinpalor]

Mack do you have teachings how the first entry and second entry works? When you say first entry, is that mean you enter the trade? Same with second entry,I understand the signal bar but im really still confuse on first entry and second entry.

[@markkimmerling4251]

My thing is the indicators dont work when its choppy or sideways

[@PATsTrading]

No indicator will make you money consistently. They don't work, plain and simple. Everything you need is in the price action, it's just a matter of learning how to find and see it.

[@Surfgarage760]

Why is Vladi making these sacred geometry claims?

[@danielle8622]

Is Vladi the one being referred to? Is there anywhere to read about what's been going on? This is all news to me.

[@zenoo514]

Because he's a narcissist and mythomaniac in need of recognition!

[@yiunam1]

but the thing is, your manual isnt updated anymore. You said 8 tick stop loss 4 tick take profit you said to ditch that rule now and place 1 tick above/below high/low for stop loss, which nearly always is more than 8ticks, which means you need a near perfect win rate to make a profit.. also the book says to just take every trade, but when asked about it you said to only take 2-3 best trades only.

[@PATsTrading]

Any minor or temporary tweaks like that go in the FAQs page of the website. Read it from time to time. priceactiontradingsystem.com/faqs/ The high volatility will probably not last forever, then you can and will need to go back to the 8-tick rule. That rule is not that important, but it's there for rookies that will trade live too soon. Everything you need is either in the manual or on the website. You can find it all for free actually, it is just more difficult to put it all together without starting with the manual.

[@johnathanwetherill456]

Interesting Mack . You say " We are not pattern traders" and you mention Patterns twice in you rules . LOL. I have always posted here many times . Second entries or 2 legged pull backs ARE PATTERNS .

[@Chris-zv6yv]

True - but in fairness to Mack he has said over and over that these have to be taken within the greater context.

[@nuttjobsucks245]

he always says we are not pattern traders but the 2nd entry AKA 2 legged pullback is a pattern/setup lol

[@zenoo514]

Are you dumb ? The pattern is just the signal to follow the context and the institutions. Pattern with no context and no KEP mean nothing

[@FundedFuturesTrader]

Where do I buy the "secret" geometry book? 😂

[@MrWoodbreeze]

Right next to the "secret" sauce book!😊

[@jdhyter]

There is no 'holy grail' just sound simple price action!

[@PincheBeanie]

I wish mack had a discord

[@vopan]

Good luck trying to draw your trend lines correctly. It looks like a holy grail in hindsight.

[@chris2pher44]

It’s not that hard just find two points and go with it and see if you get a third. Lot times you get bounce of that mid line to help (hint) you if your correct. There’s many times I found uptrend with only working with two points on the top. Drawn your line then down where touched the low point of your (guessing) trend and like said most time you get action there so when price comes back to it and bullish takes it. It’s not hard once YOU PRACTICE

[@PATsTrading]

Finding the KEPs is not that difficult. Obviously, you have to study and learn it, but it's not like it's some difficult aspect or secret nobody can learn. I see charts every day that look exactly like mine by people that haven't been doing this very long at all. This is a skilled and high paying profession. Do not expect it to be so simple anyone can learn it without any effort.

[@darshan.sk37]

Mack, while I believe that you are teaching us everything. Your videos show us a 100% success rate. You never mark any losers. Why not show us good trades that ended up being losers?

[@Gagan_S]

he talked about one this video. and he does it in several others.

[@PATsTrading]

I don't show my trading. Read the disclaimer. This is a chart lesson for our students showing the trades for the day that met our entry criteria. So they can learn to find them too.

[@bluewave2024]

FACTS!

[@S2GUnit]

@@PATsTrading Appreciate everything my friends & I have learnt from what you've taught but showing only a few losers in years of videos/chart reviews caused us an insane amount of anger of frustration in our first few years of trading (4 years in now)

[@PATsTrading]

This is where people get it all wrong. You can't learn anything from my trading. My tendencies and my skill set are totally different than yours. You don't learn to day trade by studying losing trades. You learn by studying your own trades and correcting your own tendencies. It's like trying to learn to play the piano. I can show you the notes and where they are and the basics, but for you to get better at playing a piano, you have to practice and study on your own every single day. Trading is the same, you cannot learn how to trade by watching someone else trade. They can teach you the rules and what to look for, but to become skilled, the rest is up to you.

[@tylerd.8529]

Mack, are you willing to share your track record? You have stated that you have +90% win rate. I am sorry but that is unsustainable. That kind of performance is literally the 'Holy Grail'. No human being ever born has that kind of performance.

[@Chris-zv6yv]

Got the data to back it up? Otherwise you are spitting assumptions and conjecture.

[@MrWoodbreeze]

Luke: "I don't believe it." Yoda: "THAT is why you FAIL." 🤕

[@tylerd.8529]

@@MrWoodbreeze Everyone believed in Hitler... but for wrong reasons.

[@bosstrading928]

Sally Smith 😂😂😂

[@richardcrown9764]

Great video. I make huge profits on my investment since i started trading with a professional broker Mrs Kathi Morgan, her trading strategy are top notch coupled with the little commission she charges on her trade. Thanks so much ma'am♥

[@felixsizer300]

I appreciate you for the level-headed financial advice. I started my investment with $8,500 in just a week of trading with her I’ve gotten profits of $19,750 in my portfolio. Thank you Ma'am

[@sarahgrindle4658]

Wow! Pretty good please how can i reach this broker Mrs Kathi Morgan everybody is talking about? I want to invest i'm in Canada

[@richardcrown9764]

@KATHIMORGAN1 is her user name for help.

[@michaelmingle9533]

Ever since i started trading with Mrs Kathi with the consistent weekly profits i'm getting there's no doubt she's the best. such a genius I have been withdrawing my profits thanks for your great work and God bless you more..from Slovenia

[@sarahgrindle4658]

@@richardcrown9764 Thank you Sir, i just started my trade with her.

[@marshall2]

The Holy Grail is nice, but I came here to talk about the trades of the day. I was really looking forward to how Mack interpreted today's trades. It didn't happen.

[@reedcurtis1588]

Oh well

[@PATsTrading]

I will be back tomorrow with the regular chart lessons. :)

[@marshall2]

@@PATsTrading Thanks, Mack!

[@timo641]

Thank you Mack!