Saturday, August 9, 2014
8-7-2014
Pre Trading Notes:
1. Keep grinding away one day at a time
2. Right now I a going to run the replay and only take trades if I am 100% sure in the setup. Otherwise I am going to just mark the good trades. I am getting too hung up and confused. I will take a step back for awhile and look for trades after the fact until I get better to where I can see them as they setup.
Post Trading Notes:
1. My trades I saw are in black. Mack's are in maroon. His lines are in black.
Mack's Notes:
1. Prices usually break out and fail out of a trading range.
2. Congestion is just a small trading range.
3. A great short setup is when price breaks out of the small trend channel to the downside, retraces and then goes back up to make a double top or a small new high.....look for the 2nd entries to go short once that double top or new high has been made.
4. Draw the mid-channel lines in a bigger channel.
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