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Charts to use for homework

Posted: Mon Apr 08, 2024 9:57 pm
by craigg
Good Evening,

I am having a hard time trying to zoom in on the charts provided for 2019 and find where on Mack's charts he is indicationg a trade. Would it be alright to use 2023 charts as I can still pull them up on NT? I would then watch Mack's youtube video from that day to see where he marked up his charts.

Sincerely,

Craig

Re: Charts to use for homework

Posted: Mon Apr 08, 2024 10:13 pm
by eric-pal
You are welcome to use what is useful to you. You will want a year's worth of charts to review the variety, as well as 5 minute comparative charts too (future use).

Good trades to you!

Re: Charts to use for homework

Posted: Tue Apr 09, 2024 12:40 pm
by craigg
Thank you.

I've gone through video lessons 1-3 with the charts that we are to go through for homework, are we to just mark reversal bars now on each chart? Or should we mark what we think might be 2E's & F2E's?

Re: Charts to use for homework

Posted: Tue Apr 09, 2024 9:08 pm
by eric-pal
Each segment has a specific quality which should be reviewed by going through the charts.

This isn't about thinking "what is this", but observing specific factors which are present within the charts which most likely have not been observed well. Why have they not been observed? Great question!!! It is because individual's tend to "think" of specific things to be of importance which may not actually have any bearing towards having an edge. That is why a second entry isn't the "magic formula" that most people think it is, and while a tool which helps to count may be useful in the introductory stages, the "count" isn't the edge.

The characteristics are highlighted within the various modules and working through them in sequence, one begins to discern the important qualities which help to define reading context well, and therefore developing an edge.

Also, please do not consider Failed "anything", especially in the beginning. A failure is depended on something which should have potentially happened not happening (because of poor context or a trap). Many get lost trying to prove themselves smart by trading Failed xxxx, or traps. There is some sophistication to these that require more screen time to absorb.

Hopefully helpful and good trades to you!