Last year I wrote about Mack’s Price Action Trading that you can view here: https://evancarthey.com/pats-macks-price-action-day-trading-recommended/. Here is an updated review a year later.
Mack’s Price Action Trading still provides daily video reviews
One of the features I appreciate that Mack has been rock solid in is his video reviews which you can view here: https://www.youtube.com/user/PATsTrading/videos. Every day he trades he does a video review at the end of the day. These reviews do not indicate the trades he specifically takes or the wins/losses he made. It is an overview of the trades you could have potentially taken based upon the way he trades.
I’ve found it very informative, especially when I was trying to emulate his trading style. You can scroll down for a couple of year’s worth of his videos. His charts still look pretty much the same. The only indicator he uses are an EMA and now a session start/stop indicator.
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Price Action Trading Website
Here is Mack’s Price Action Trading website: http://priceactiontradingsystem.com/. He has some free content but he hasn’t updated it since 6-12-17. When I was a paying member ($100/year) to access the forums he would respond regularly to people’s questions and the forums seemed to be growing steadily. You just have to realize that there are a bunch of new people who sign up so the same questions get asked over and over again. If you are looking for a faster response or really want to dive into PAT’s trading style then $100/year is a good investment for it.
Has his system changed at all?
Has Mack’s Price Action Trading system changed very much year over year? This is a question to always ask. If you see a trading “guru” who is constantly changing up his trading style then I can guarantee you he only makes money selling his “services.” There can be an evolution to a person’s trading style. But if you see a constant update to their entries/exits/patterns/etc. then you know they don’t make any money trading.
Fortunately Mack has kept the same trading strategy over the years. He started adding aggressive entries that could be taken if you aren’t as risk adverse but the overall entries/exits have remained the same which is a very good thing.
Is Mack’s Price Action Trading system still worth it?
I would say yes. If you are looking for a specific style based off of price action and not indicators then this is a very good building block. I firmly believe you will need to create your own trading style. You then will understand down to your core how and why you trade. But if you are looking for a solid system to learn from then this is a very good one.
His system helped me in my trading journey which is why I still recommend it. He doesn’t provide his P/L statement but he isn’t charging $5k to learn his “system”. (Pro Tip: Anyone who charges that much OR even more than $1,000 better be able to show you at least 3 years of verifiable yearly trade statements of their profits and losses.
If they can’t then DO NOT PAY THEM A DIME BECAUSE THEY ONLY MAKE MONEY SELLING YOU THEIR TRADING SYSTEMS!) At most you’ll spend around $200 for his “Member Trading Area” in his website also his ebook he wrote http://priceactiontradingsystem.com/pats-trading-manuals/. That sure beats the $4,995 other people charge for indicators. Most you can get for free and who for sure do not make any money trading. I wouldn’t worry about purchasing the other products because everything you need is in the ebook and in his videos.
