Top Pick Trading Forum

by **Marco** » Wed Nov 09, 2022 8:50 pm

uptick1 wrote: ↑Wed Nov 09, 2022 7:08 pm Thanks, Marco, for sharing your learning approach and tips on doing the whole week bar-by-bar. This will tremendously help me.

Wow, thanks a lot for your feedback. I really get motivated by all the feedback we get.

by **Marco** » Wed Nov 09, 2022 8:49 pm

raymond wrote: ↑Tue Nov 08, 2022 3:25 pm
Marco wrote: ↑Tue Nov 08, 2022 2:50 pm Hi Raymond,

a combination of both, the homework charts and every time when the market opened the live charts did the best.
Also on the weekends I just opened NT and went back the whole week and traded the chart like I do in the bar by bar on Youtube with the hidden space on the right and clicking on my keyboard arrows to reveal the next bar.

The con of live charts is that you can't go through too many. On 1 day you can only go through a full trading day, while in the homework charts or on the weekend recap you go through many charts in less time. And we want to see as many bars and charts as possible to program our brain of market and price action behavior.

PA doesn't follow logical or natural rules so I saw people struggling a lot that have a very logical or calculating profession. I cannot simplify it like this but in PA it is good in doing the opposite of what our logical thinking and understanding is telling us. Mack was describing this a couple of times in his videos already.

To learn the PA language it is good to look at as many charts as possible as one will see that several structures repeat themselves day in and day out. And if we recognize those structures and take the importance of momentum and signal bar an edge can be created that can be reproduced every day.
Hey Marco,

I like the idea of just opening up NT and doing a chart review that way for the past week. I'll look at your bar by bar on youtube. Sorry that I haven't yet, it's just that I've been trying to keep things sort of Mack up to until I felt the need to do this course after a member mentioned it on his forum. I have been plateauing and developed a problem where I am able to sit and wait for clean 2nd entries but somehow I got to a place where sometimes am too early... take a bad trade and that'll make me take bad trades for the remainder of the week. Going to a higher time frame chart has helped me. It's like myself telling the young me... new driver stay off the interstate (2000 tick chart is that interstate). When I do the review and/or live trading, should I strictly do the 2000 tick chart? Do I have any merit in me increasing to a higher time frame or should I stick to 2000 tick for live and/or review? (I am only trying to replicate the amount of bars that was present in the charts during the early Mack videos from 2010-2012).

Totally agree that PA doesn't follow logic, though I am not the smartest, I am in a profession that requires somewhat of an intellect. (Is this why one of my friends who was a bar tender can trade options successfully while I can't make trading even if my life depended on it?). I am understanding that by looking at many charts and do a bar by bar in NT during the weekend will allow me to condition my brain to see things that it naturally won't. I will definitely give this a go this weekend and hopefully coupled with the course, I can learn to read the market like a book. During your mentorship with Eric, can you share a light bulb moment of where you felt the charts "started to speak to you" like a language as Mack speaks of?

Thank you Marco.

Hi Raymond,

I think your new habits and plans for the weekend will help improve you a lot and see things clearer very soon

Regarding your question 2000 tick charts. I only look at the 2000 tick charts and at the beginning of the day on the daily ES chart to get a rough idea of where we are, where potential support/resistance areas are and if we are trending or ranging on the daily chart. That helps to confirm my bias for the trading day that I check during the overnight/early morning price action.

During my mentorship with Eric, I didn't have THAT bulb moment but more a series of very small moments that were adding to a greater picture. Imagine you have a huge puzzle in front of you and the biggest parts are already in the correct order so you can recognize roughly the picture but in between you will find gaps and holes where some pieces are still missing. With Eric, he filled those pieces. My puzzle is still not finished and I am learning every day but once you understand the great picture and develop the patience for your favorite setups it becomes much easier just to play your cards and follow the plan

by **uptick1** » Wed Nov 09, 2022 7:08 pm

Thanks, Marco, for sharing your learning approach and tips on doing the whole week bar-by-bar. This will tremendously help me.

by **raymond** » Tue Nov 08, 2022 3:25 pm

Marco wrote: ↑Tue Nov 08, 2022 2:50 pm Hi Raymond,

a combination of both, the homework charts and every time when the market opened the live charts did the best.
Also on the weekends I just opened NT and went back the whole week and traded the chart like I do in the bar by bar on Youtube with the hidden space on the right and clicking on my keyboard arrows to reveal the next bar.

The con of live charts is that you can't go through too many. On 1 day you can only go through a full trading day, while in the homework charts or on the weekend recap you go through many charts in less time. And we want to see as many bars and charts as possible to program our brain of market and price action behavior.

PA doesn't follow logical or natural rules so I saw people struggling a lot that have a very logical or calculating profession. I cannot simplify it like this but in PA it is good in doing the opposite of what our logical thinking and understanding is telling us. Mack was describing this a couple of times in his videos already.

To learn the PA language it is good to look at as many charts as possible as one will see that several structures repeat themselves day in and day out. And if we recognize those structures and take the importance of momentum and signal bar an edge can be created that can be reproduced every day.

Hey Marco,

I like the idea of just opening up NT and doing a chart review that way for the past week. I'll look at your bar by bar on youtube. Sorry that I haven't yet, it's just that I've been trying to keep things sort of Mack up to until I felt the need to do this course after a member mentioned it on his forum. I have been plateauing and developed a problem where I am able to sit and wait for clean 2nd entries but somehow I got to a place where sometimes am too early... take a bad trade and that'll make me take bad trades for the remainder of the week. Going to a higher time frame chart has helped me. It's like myself telling the young me... new driver stay off the interstate (2000 tick chart is that interstate). When I do the review and/or live trading, should I strictly do the 2000 tick chart? Do I have any merit in me increasing to a higher time frame or should I stick to 2000 tick for live and/or review? (I am only trying to replicate the amount of bars that was present in the charts during the early Mack videos from 2010-2012).

Totally agree that PA doesn't follow logic, though I am not the smartest, I am in a profession that requires somewhat of an intellect. (Is this why one of my friends who was a bar tender can trade options successfully while I can't make trading even if my life depended on it?). I am understanding that by looking at many charts and do a bar by bar in NT during the weekend will allow me to condition my brain to see things that it naturally won't. I will definitely give this a go this weekend and hopefully coupled with the course, I can learn to read the market like a book. During your mentorship with Eric, can you share a light bulb moment of where you felt the charts "started to speak to you" like a language as Mack speaks of?

Thank you Marco.

by **Marco** » Tue Nov 08, 2022 2:50 pm

Hi Raymond,

a combination of both, the homework charts and every time when the market opened the live charts did the best.
Also on the weekends I just opened NT and went back the whole week and traded the chart like I do in the bar by bar on Youtube with the hidden space on the right and clicking on my keyboard arrows to reveal the next bar.

The con of live charts is that you can't go through too many. On 1 day you can only go through a full trading day, while in the homework charts or on the weekend recap you go through many charts in less time. And we want to see as many bars and charts as possible to program our brain of market and price action behavior.

PA doesn't follow logical or natural rules so I saw people struggling a lot that have a very logical or calculating profession. I cannot simplify it like this but in PA it is good in doing the opposite of what our logical thinking and understanding is telling us. Mack was describing this a couple of times in his videos already.

To learn the PA language it is good to look at as many charts as possible as one will see that several structures repeat themselves day in and day out. And if we recognize those structures and take the importance of momentum and signal bar an edge can be created that can be reproduced every day.

by **raymond** » Tue Nov 08, 2022 2:11 pm

Hi Marco,

Thank you for working with Eric to share this course with us. One module a week sounds like a decent pace to do along the homework. Would you say that it was the homework and not screen time that helped you get this far or a combination of both? Presently, I am limited in my time because of work, lol. I feel like I have to choose one of the other at times. I not only want to be successful at this course but at trading of course and I do not want to take any shortcuts inadvertently.

I feel that I have to ask this question is because, I am not sure what my style of learning and absortion rate is but perhaps Eric can chime in from his role of a teacher/educator. Since he probably sees different types of students with different learning styles, I'll share briefly of how I learned a few major things from when I was younger. From my late teens I learned driving but first sitting in the passenger seat and watching my older friends drive as the traffic flowed. I passed by drivers license test in a few years without getting to any formal driver's ed (did min of 3 classes to use their vehicle for road test). In late high school, during one of my internships, I learned how to wire an electrical panel while having all the wires layered in and dressed neatly. The master electrician was surprised that I can do this in the shop while only watched him a few times live and saw that I did not bond ground to neutral as he said to demo a sub panel. I do not know if I can roll over that style of learning into trading. Though, I truly felt that I turned a good corner after I started watching the live trades that Mack posts and those of vwilson. Also, last week, I kept going through modules 0-3 and every time, I picked up something different. What type of a learning would you say I am without me going much deeper?

If I need to do a combo of live and the homework sessions, I may need to go out to two weeks per module (which is fine of course) but I just don't want to overdo it and over-saturate myself to complicate thinking. Your feedback is valued.

Thank you,
Raymond

by **Marco** » Tue Nov 08, 2022 7:34 am

I recommend doing 1 per week and focusing a lot on the homework.

When we made the private course back then what really clicked for me was the homework. I did it every evening and on weekends to go through all the charts and look for the specific areas that were asked in the homework.

by **uptick1** » Mon Nov 07, 2022 6:57 pm

Thanks, Eric, for taking the time to provide detailed information.
As I progressed through 4’s. I will know better if I can do 2 lectures+ homework in one week or just one. I 100% agree that time of absorption is imperative for competence. Thanks again for creating such valuable and insightful content.

by **eric-pal** » Mon Nov 07, 2022 10:52 am

Thank you for the clarification question.

For the 4's, 1-2 lectures per week depending on individual absorption and pace. 4.0 being the intro so no additional time.

1 Week for 4.1 + homework. OR
1 Week for 4.1 + homework integration & 4.2 + homework integration

Some weeks may be more challenging than others. For those, perhaps just 1 lecture in the week. Certainly if specific topics are highly intensive, extending into a 2nd week for that particular lecture makes sense. Often there is a tendency to "want to cover everything now", and a time period of absorption/integration is often what is needed for competence.

Although this is self paced, seeing how each part presents itself across a year of charts is important as within a year the majority of "what is possible" is observed.

At the completion of the 4 lecture series, a facility to work through a static chart bar x bar is developed. The 5 series then works to observe important aspects for simulated or live environments. The 5 series should be done 1 per week with simulation.

Good trades to you!

by **uptick1** » Mon Nov 07, 2022 12:30 am

Thanks for the info, Eric. I adjusted my study plan based on this

"Lectures within 4: 1-2 per week": Can you confirm we need to devote each lecture, for example, 4.1- 1-2 weeks with chart review?

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