The trade is congested but we don't pay quite as much attention to congestion with failures. I believe the thinking is that it takes time to trap traders so its not uncommon to get some sideways action as one sets up. There's no rule that says you can't enter in congestion but its generally frowned upon until one has more experience.
Hey Mack, how come sometimes we draw the channels on a correction very tightly and other times we draw them wide even though it looks like there are 2 legs in that one channel?
You always switch over to the second swing and compare. Sometimes the trend is set before the second swing, sometimes it grows with the second swing. Takes time to learn. Chicken or the egg.
@@Max655 Thanks for the reply, what are we looking for exactly for the corrections/breaks? Do they have to be big corrections to be considered a break/next leg?
@@themagician6310 swings. So I’m talking about very short term trendlines. You start tight and always consider second swing. Larger channels are much more difficult but generally follow the formula (swing 1 & retest + correction 1 & retest = swing 2 potential.)
I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
My CFA Melanie Ann Karnavas is a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
![FNAF vs TF2 - Episode 2 [SFM]](http://i.ytimg.com/vi/z5b3V2-VLb0/mqdefault.jpg)
I still want to see you do this in real time .
Because you are too dumb to understand we need to stop everything and have him spoon feed you how to do this? Stop being weak and get to work.
Some days, like today, my chart looks much different than yours Mack. Thanks as always!
same, mine looks far different than his.
@@daahhvidsame, my bars looked totally different today.
same here, my bars are way different and i can't find as much trades as him. I think maybe he didn't reload his data.
same for me. most days they match though but it's very different today
Yup, i had at least 10 more bars than Mack from 8:39-8:53 (CST)
Thanks Mack.
Im still using the old news guard ant it was showing 3 news items at 8:30am for the 17th
such a great guy
Thank you !
Thanks Mack
Why is that first failure not congested
The trade is congested but we don't pay quite as much attention to congestion with failures. I believe the thinking is that it takes time to trap traders so its not uncommon to get some sideways action as one sets up. There's no rule that says you can't enter in congestion but its generally frowned upon until one has more experience.
❤ thanks
Hey Mack, how come sometimes we draw the channels on a correction very tightly and other times we draw them wide even though it looks like there are 2 legs in that one channel?
You always switch over to the second swing and compare. Sometimes the trend is set before the second swing, sometimes it grows with the second swing. Takes time to learn. Chicken or the egg.
@@Max655 Thanks for the reply, what are we looking for exactly for the corrections/breaks? Do they have to be big corrections to be considered a break/next leg?
@@themagician6310 swings. So I’m talking about very short term trendlines. You start tight and always consider second swing. Larger channels are much more difficult but generally follow the formula (swing 1 & retest + correction 1 & retest = swing 2 potential.)
I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
My CFA Melanie Ann Karnavas is a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
This is correct, Melanie strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Yes, I agree with you. Her platform is wonderful and her strategies are exceptional.
I'm new at this, please how can I reach out to her easily?
Thanks Mack.