09/12/2022 - Bar by Bar Trading Day Analysis - Bigger uptrend with range

Hey traders! I want to share with you a bar-by-bar trade analysis of today's trading day.
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The platform we use is Ninjatrader 8. We follow Mack's and Al Brooks PAT rules.
Learn day trading live with no fancy indicators and price action only. To become consistently profitable it is essential to understand the importance of momentum, support and resistance. Understand the meaning behind candlesticks and what is printed on the chart with every bar.

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All information is given for educational purposes and is not intended to be treated as financial, investment, tax, or other advice. TPT does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.

[cryptocpa]

21:16 this is a great big picture entry there are 2 clear legs back after the initial bull trend broke. Took it for 5pts to retest the high. The second bull trend is all just part of the first attempt to make a new high. Then you get a second leg back, which is also a second failed attempt of prices to fade the range. Prices then rocket off to make a new high and after that we go into a big downtrend for the rest of the day.

[earthheavenisa]

AT 10:44 you mention that this higher low is not enough for you, that you'd prefer to see a failure. Could you elaborate a bit on this? Why is the higher low now good enough and what would you like to see in regards to a trap? Thanks again for your continued content. The bar-by-bar analysis are extremely helpful. 🙏

[hayze]

Thanx Marco
Great review
Its been tuff trading hopefully next week is better
Cheerz

[earthheavenisa]

Hi Marcus, at 2:20, there is a bull signal bar at the support of the trading range, It formed a low that is lower then the prior bear bar. Why was that not a good signal bar? Especially when it trapped all the bulls that got in early?

[kendallsworldofcrafts]

Thank you Marco for the Friday bar-by-bar. It helps me a lot with my mindset at the end of the week.

[olarius]

Hi sir, would you be able to include the time axis on the chart so easier for learners to follow?

[idrisim]

Great video,
Can you make a video about, how to set ninjatrader chart like yours
Thanks

[austinspilotro]

Does anyone know how to get that News feature Marco has on ninja trader?

[ZKRTC]

hye, thanx for the analysis, i trade with your firm and i was wondering if there is gonna be a special coupon for chrismats like apex or not, thanks again .

[patrickmorrison]

Brilliant as always Marco! What do you do to stay patient when PA isn't setting up?

[kerngesundch]

i dont see a 2 EL in Minute 21.17 . you mean a hidden one? or 2 LPB

[moakbari]

Hi Marco,
Thanks for the chart lesson.
I have 2 questions please?.
In the video you mentioned that this trend channel played out.
In what circumstances you would take trade in the current direction if that trend played out?.
Do you enter in 2nd entry after the current trend channel is played out ?.
2-Would you be ok with higher low after the shorter trend ( pullback) played out or you prefer entry on failure set up?.
Thanks

[stephenmreed]

Great stuff Marco. What indicator are you using to change the background colour during market hours? Cheers

[johnathanwetherill]

I love all things Macks PATS but when he said that bar by bar was useless I had to tell him he was wrong . Don't stop Marco . Your community loves it and the work you do . Merry Christmas !!