Recommended pace

[uptick1]

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

[Marco]

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

[Marco]

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.