Top Pick Trading Forum

Good point Strange, I didn't think about the down trend potentially being played out. Definitely not disheartened by a trade like this though - if I take a trade, look back, and think "damn I have no idea what went wrong there" then that was a great trade. A worthwhile loss. Shows me the holes in my ...

Eric, thanks for the second set of feedback. I'll go watch this one in market replay.

Thanks for your input Eric. I have a few questions off of your responses: 1. You're definitely right that there appears to be 2 legs down. I noticed that, but there's still some room to the measured move. Why wouldn't I say "we're making the second leg down and will probably reach the measured move ...

I posted this trade in Mack's forum but didn't get an answer on why it failed. I'd have a really hard time skipping this one...

Sorry I forgot to include the day - it is March 7th, 2023. If Mack doesn't mark trades green/red/blue based on probability, what do the colors mean? I thought that blue/red were 90%+ trades or so and green were maybe 70%+? I'm glad you added the point about not measuring against Mack's every trade ...

Mack marks this trade red but I skipped it on the basis of bullish strength leading up to the trade. Questions/analysis included in picture.

Hey Eric, I think you misunderstood the pictures. The first purple trade is a second entry short looking to also go short, not a failure looking to go long. I know Mack was also looking to go short at the purple bar because he says it is very tempting but he skips because it is blocked by a short ...

Here are 2 trades from the same day. The first purple trade Mack skips because it is blocked by a possible short term up trend though the context is very good in my opinion (unless I'm missing something?) The second red trade is also blocked but Mack marks it red even though the context is not as ...

Thank you for the detailed analysis Eric. This is very helpful.

I don't understand how to stay out of this green trade. Can anyone help? Here are the positives and negatives that I see: +Looking for break and new high of UT +Going from daily range low to range high -Have passed the mid line of the range -Signal bar is doji-like so not super strong +Signal bar ...