8-15-2014

Pre Trading Notes:
1.  Keep trying to find the trend lines before you trade

Post Trading Notes:
1.  I had a horrible time trying to find the trend lines.  Not until the afternoon was I able to see what the correct big trends were.  I was thoroughly confused.  I need to start having my charts further out where I can see the whole day happening b/c I was looking too closely at the charts.  I was able to see the overall trend but only after I looked from further away.
2.  Have your chart to where you can see the whole day in the chart b/c that is the easiest way to spot the trend lines.  Once you have them then you can zoom in to spot the trades.
3.  The key is finding the trend line, everything else comes 2nd.

Mack's Notes:
1.  Rule:  In a downtrend price will break the trend line to the upside and then go back down to sell off to a new low before reversing.
2.  Rule:  In an uptrend price will break the trend line to the downside and then go back up to create a new high before reversing.

8-14-2014

Pre Trading Notes:
1.  1st goal is to find the major trend lines
2.  Then you can trade off of that b/c you will know where to trade

Post Trading Notes:
1.  Made one trade where I got confused, thought it was a F2EL and was using what I thought was the correct downward trend but it was not

Mack's Notes:
1.  You have to be careful going long above a resistance line until it shows it has turned into support.

8-13-2014

Pre Trading Notes:
1.  Still focusing on relaxing and being able to spot the trades as they happen.
2.  Spot the major trend lines before you look for trades
3.  You are confused when you do not have a major trend line in place

Post Trading Notes
1.  Got confused in the afternoon session.  Since the major trend line did not come down and confirm it through me off
2.  I had the same trend lines as Mack but I think the black ones are correct.

Mack's Notes:
1.  You wan to continually adjust your trend lines until you have a very good fit.  Price should hit your trend line and then bounce away.  Price shouldn't regularly be going through your trend lines.
2.  He doesn't like trading in the afternoon b/c it gets squirely and price can do weird things that it does not do  in the morning session.
3.  In a downtrend concentrate on selling at the high of the trend lines and buy at the lows of the trend line.  You can also do it on the EMA but you really want to focus on the trend lines.

8-12-20014

Pre Trading Notes:
1.  #1 goal is to find the major trend channels or S/R levels
2.  Draw the short term trend lines
3.  If you are confused, no big deal, take a step back until you have a clear picture of what price is doing
4.  Predict where price is going, if it doesn't go to where you think it is going then take a step back and re-evaluate b/c you are confused

Post Trading Notes:
1.  I am looking at buying/selling the failed 2nd entries on the backside and not waiting for them to fully fail.  Not sure if that is a good plan but seems to work really well when you are reading the price action correctly.

Mack's Notes:
1.  You don't want to enter into trades when there is a bunch of congestion.

8-11-2014

Pre Trading Notes:
1.  Draw the trend lines.  Really look for the bigger trend line channels and/or S/R areas.
2.  Your trades will come off of the trend lines.
3.  If you are confused, no big deal, just don't trade until you recognize the setups and know that you have your trend lines drawn correctly.

Post Trading Notes:
1.  Improving!  I still have a couple of mis-drawn lines but progress has been made.
2.  The 15 min Welly opening range indicator is very accurate of having price bouncing off of it and it being a S/R area.  It happens almost every single day at least once.
3.  Mack's trend line is in black

Mack's Notes:
1.  You do not want to enter a trade when there are a bunch of overlapping bars with dojis.

8-8-2014

Pre Trading Notes:
1.  Still just observing until I am fully confident and can spot the setups to trade while they are happening. Right now I am confusing and frustrating myself looking for trades so I am still taking a step back.
2.  Draw the mid-trend channel (dotted) line in bigger channels.
3.  Draw your line from the 1st two swings.

Post Trading Notes:
1.  Right now the thing to focus on for me is drawing the correct trend lines and spotting the 1st two swings right when they happen in order to get the initial swing line drawn.  That is the key to knowing which side of the trade to take.
2.  I get really confused when I do not have a greater trend line drawn.  When I get confused then I guess at 2nd entries and they are always losers.


Mack's Notes:
1.  The short term trend lines are generally right off of the closes and they should fit both sides.

This is an excerpt from one of Mack's articles in his premium section that I really liked:  "The only difference between you and a profitable day trader is time, experience and dedication, so never forget that!"

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.