Top Pick Trading Forum

Hey Eric,

Yes, I am discussing the yellow arrow - I should have been more specific. Regarding your notes:

1. From reviewing 4.8: with 2nd entries being about watching momentum subside its probably not great to see such a consistent push like this one is where the 1st entry was just a tiny seemingly inconsequential tick below. Not only are the bearish bars decreasing in size but there are tails beginning to come in showing buying. The bar is engulfing which is not preferred (though I "entered" as if I was getting in after the engulfing bar closed). If I missed the point you were referring to please do correct me!

2. That makes sense.

3. The 3rd bar in the short term up trend breaks below the previous bar then prices tick below the bearish bar marked with a yellow arrow creating the second entry short but you're correct it isn't shown here, it triggers on the next bar which isn't shown.
4. I completely missed that.

Thank you for your help.

Thank you for your description, as it helps to see what you are thinking.

If you are discussing the yellow arrow, there are a few things missing:

1. Please review section 4.8. It is a key critical piece that many are missing in their training (if you are not here yet, that will explain things).
2. Momentum may be shown through distance, and/or time. The number of bull bars leading up to this bear bar will require a 2nd attempt. The short is early as bulls are showing some strength.
3. I don't count a 2ES, and that isn't clear to me. It is a 1ES.
4. Seeing the smaller bear bars and the lack of consistent good follow through is a sign that things are changing and to additionally have more caution.

Hopefully helpful & good trades to you!

This trade is a clear second entry short off the EMA after the break of a large down trend. It fails. Generally I would just say that the short term up trend needs a break and new high here, but Mack marks trades where that isn't the case ALL THE TIME. So while that might be part of the reason its definitely not the whole thing. Another thing I've noticed about this trade is that prices close above the EMA prior, but again Mack will mark trades like that too. The last thing and biggest culprit in my opinion is that there was some support there in that previous congestive area which this is right into. Is there anything else that I'm missing here? I've been having a really hard time distinguishing between these second entries where there's no break and new extreme of the short term trend coming back. Just when I think I know why not to take one Mack will mark it blue/red or vice versa. Apart from this single trade any general knowledge on the scenario I mentioned would also help a ton. Thanks!