Great Video recap of our half day. I took alot of these set ups I ended up very green on the day. This by far my favorite YT trading channel I owe a special thanks and my successes to Thomas Wade for teaching me to trade price action over the past several months. This system works for those who put in the time and learning watch all the Thomas Wade videos you can. Profits will come in time with this system. I also follow Al Brooks and Mac with Pats trading but I think Thomas has really helped me the most. Best Regards-John
Thank you! Great! Love reading when traders are killing it. "This system works for those who put in the time" - 100%. It takes time but it can be done.
What I do is, delete all the lines, then go over it tick by tick for the whole day, once it's done, delete all the lines again, and go over it again, few times a day, it adds up to at least 2 hours of studying after market closes, at times, 4-6 hours. I see few losing 2nd entries today, but 5 min would've kept you away from them. Have a nice weekend Thomas. Still struggling with discipline though ;o(
I'm going to try and sit on my hands more, and avoid those counter trend entries, then hopefully I won't be subjected to the losing process....;-) Thanks for another great vid!
Amazing, thanks. If you happen to read this, I have a question. What constitutes a failed second entry? Sometimes already 3 or 4 have formed in the direction of the entry and still you called it failed once another bar in the opposing direction cuts it off. At 19:08 for example. Like when is a second entry too long that it can`t be called failed anymore.
Thomas, at 21:30 you took the HL trade on a very large bar. Earlier (20:16) you passed on a 2E bar that you said was way too big. Are there criteria when a signal bar is too big or acceptable? Thanks!
In the night session, the trend breakout can be ignored. From what time and until what time is the night session? Since there are many of us from different countries on the channel. Specify the time period and what time is in Europe or America. As far as I understand, we are trading on Chicago time? As I understand it, the market opens on European time Europe at 15:00 m
Overnight session is before the market open US regular hours. In Prague it is 15:30, in CST it is 8:30. That is the regular US stock market open hours. Anything prior is considered overnight.
Thomas, is the trade you marked @14:06 a double trap since the 2ES failed but then bulls were instantly reversed? Normally we wouldn't take this trade above EMA but since it was at the TL, we can take this as a HPS, is that right?
I don't have a specific video for opening breakout. I haven't found it too important. Same rules still apply. Doesn't matter if it is first hour or 4th hour.
I know this is a TW video but let’s take the time to acknowledge how dumb TH-cam is for removing the dislike count. Any new traders coming to this channel won’t be able to see the amazing like/dislike ratio this channel has and could mean the difference between a brand new trader staying and clicking onto another channel that doesn’t teach it right. Also, if you can still see dislikes, don’t update TH-cam because the dislikes were removed in an update the many haven’t downloaded.
Hi Thomas, I notice that you enter trades when the signal bars are not great. Please explain when to consider the signal bar and when can I ignore them. Thanks.
Hey, when it comes to those two shorts. I count signal bars a little differently than other traders. Those bullish bars were not signal bars yet. Technically the bullish bars confirmed the key entry points, I need to see a bar in the trends direction for me to consider it a signal bar. But overall I have a decent experience when it comes to trading so I may sometimes take a riskier signal bar because I am confident in the setup. Also, sometimes I make a mistake too. I may be too eager and enter signal bar which I should not have entered. But yeah, I count signal bars slightly differently.
@@ThomasWade there is something I made a name called "the system ",you have a green bar In a downtrend , not sure if you want to go short yet, you wait for the next bar to brake a tick below , go back up 3-5 ticks and then put your order , that way it's one more failed attempt to go up . Is that what you do sometimes?
15 m-25c. Have you considered since the beginning of 2ES as two legs up or not? I understood for sure that you were considering F2ES. Then you treated 2EL as a hidden input. Hidden because there was 1EL, then hidden 2EL because there wasn't a single tick at the bottom?. Hidden second inputs, are those that don't make up at least 1 tick on the second record?. They don't set traps?
Friend, look at the question in the video. Learn How to Identify Highly Probable Settings and Increase Profits. November 20, 2021. There's an important question about traps. The question is this. We had an uptrend, it ended with the formation of a maximum. The price turned around and formed a downtrend. If the trend is downtrend, then the trap is 1) entry against the downtrend (entry up 2EL). ? 2) The price should be below the EMA.? If the trend is uptrend, then the trap is 1) entry against the uptrend of the trend (entry downtrend) ?. 2) The price must be higher than the EMA. The general rule of the trap. ? 3) The price must trigger an entry at least one tick higher or lower. For bulls or bears to enter the deal. ? 4) There should be a good signal panel so that everyone wants to enter? Did I write everything right about traps or not? Maybe I missed something?
Great Video recap of our half day. I took alot of these set ups I ended up very green on the day. This by far my favorite YT trading channel I owe a special thanks and my successes to Thomas Wade for teaching me to trade price action over the past several months. This system works for those who put in the time and learning watch all the Thomas Wade videos you can. Profits will come in time with this system. I also follow
Al Brooks and Mac with Pats trading but I think Thomas has really helped me the most.
Best Regards-John
Thank you!
Great! Love reading when traders are killing it.
"This system works for those who put in the time" - 100%. It takes time but it can be done.
You have literally leveled up my skill set and confidence. Thank you so much!
What I do is, delete all the lines, then go over it tick by tick for the whole day, once it's done, delete all the lines again, and go over it again, few times a day, it adds up to at least 2 hours of studying after market closes, at times, 4-6 hours. I see few losing 2nd entries today, but 5 min would've kept you away from them. Have a nice weekend Thomas. Still struggling with discipline though ;o(
Great work ethic! You are on the right track. Don't forget to suplement it with work on your mental discipline.
Thanks for all the videos, Thomas! Underrrated!
Great instruction again. I keep learning more nuances. Be patient. Draw the correct trend lines. Take the good trades. Thanks again!
I'm going to try and sit on my hands more, and avoid those counter trend entries, then hopefully I won't be subjected to the losing process....;-) Thanks for another great vid!
Thanks for your videos - they are very helpful.
Great stuff, thank you for making these wonderful videos!
I MADE IT TO END AND I ENJOYED IT THANKS
🔥
Wonderful video! After boring yesterday, today was a great day for active traders 👌💪
Excellent video! Thank you!!
Great like always. The Best !
Amazing, thanks. If you happen to read this, I have a question. What constitutes a failed second entry? Sometimes already 3 or 4 have formed in the direction of the entry and still you called it failed once another bar in the opposing direction cuts it off. At 19:08 for example. Like when is a second entry too long that it can`t be called failed anymore.
Thanks for the great video.
Great video mate, thank you.
Thomas, at 21:30 you took the HL trade on a very large bar. Earlier (20:16) you passed on a 2E bar that you said was way too big. Are there criteria when a signal bar is too big or acceptable? Thanks!
Once the bar is above 4 points this is where I start using some limit orders back in the bar.
Thank you Thomas
In the night session, the trend breakout can be ignored. From what time and until what time is the night session? Since there are many of us from different countries on the channel. Specify the time period and what time is in Europe or America. As far as I understand, we are trading on Chicago time? As I understand it, the market opens on European time Europe at 15:00 m
Overnight session is before the market open US regular hours. In Prague it is 15:30, in CST it is 8:30. That is the regular US stock market open hours. Anything prior is considered overnight.
Thomas, is the trade you marked @14:06 a double trap since the 2ES failed but then bulls were instantly reversed? Normally we wouldn't take this trade above EMA but since it was at the TL, we can take this as a HPS, is that right?
Correct. It is double trap. And correct on the TL key entry point.
Hello Thomas, is any video to learn trading opening breakouts or false breakouts particularly in the first hour
I don't have a specific video for opening breakout. I haven't found it too important. Same rules still apply. Doesn't matter if it is first hour or 4th hour.
@@ThomasWade Thankyou Thomas
I know this is a TW video but let’s take the time to acknowledge how dumb TH-cam is for removing the dislike count. Any new traders coming to this channel won’t be able to see the amazing like/dislike ratio this channel has and could mean the difference between a brand new trader staying and clicking onto another channel that doesn’t teach it right.
Also, if you can still see dislikes, don’t update TH-cam because the dislikes were removed in an update the many haven’t downloaded.
Thx, great lesson
Thanks, Thomas!
Please how can i join to your academy?
I tried by website but i can't.
Thanks.
It is ready now.
Hi Thomas, I notice that you enter trades when the signal bars are not great. Please explain when to consider the signal bar and when can I ignore them. Thanks.
Hey, when it comes to those two shorts. I count signal bars a little differently than other traders. Those bullish bars were not signal bars yet. Technically the bullish bars confirmed the key entry points, I need to see a bar in the trends direction for me to consider it a signal bar.
But overall I have a decent experience when it comes to trading so I may sometimes take a riskier signal bar because I am confident in the setup. Also, sometimes I make a mistake too. I may be too eager and enter signal bar which I should not have entered. But yeah, I count signal bars slightly differently.
@@ThomasWade there is something I made a name called "the system ",you have a green bar In a downtrend , not sure if you want to go short yet, you wait for the next bar to brake a tick below , go back up 3-5 ticks and then put your order , that way it's one more failed attempt to go up . Is that what you do sometimes?
@@DeltaScalper Hard to say what you exactly have in mind.
15 m-25c. Have you considered since the beginning of 2ES as two legs up or not? I understood for sure that you were considering F2ES. Then you treated 2EL as a hidden input. Hidden because there was 1EL, then hidden 2EL because there wasn't a single tick at the bottom?. Hidden second inputs, are those that don't make up at least 1 tick on the second record?. They don't set traps?
I expected F2ES not ES, and you are spot on on those hidden entries. There was no trigger below the first entry.
What EMA is this and what time frame is this?
21 bar EMA and 2000 tick chart
@@ThomasWade Thanks much
Friend, look at the question in the video. Learn How to Identify Highly Probable Settings and Increase Profits. November 20, 2021. There's an important question about traps. The question is this. We had an uptrend, it ended with the formation of a maximum. The price turned around and formed a downtrend. If the trend is downtrend, then the trap is 1) entry against the downtrend (entry up 2EL). ? 2) The price should be below the EMA.?
If the trend is uptrend, then the trap is 1) entry against the uptrend of the trend (entry downtrend) ?. 2) The price must be higher than the EMA. The general rule of the trap. ? 3) The price must trigger an entry at least one tick higher or lower. For bulls or bears to enter the deal. ? 4) There should be a good signal panel so that everyone wants to enter? Did I write everything right about traps or not? Maybe I missed something?
I think I answered it.