Scalping LIVE High Probability Setups With Price Action
ฝัง
- เผยแพร่เมื่อ 27 ส.ค. 2024
- Free Trading Training Content
Important Price Action Rules - rb.gy/eh8w
Simple Guide To Trading - rb.gy/sypf
The Best Trading Pattern - rb.gy/hdkd
How To Count Entries - rb.gy/kptd
Two Legged Master Setup - rb.gy/x6vq
Money Management Rules - rb.gy/lnce
How to Find the Best Chart - rb.gy/h0m3nw
Instagram - / realthomaswade
Twitter - / iamthomaswade
Facebook - / wadetradingacademy
Date July 15 2024
Time frame - 2000 tick chart
Instrument - S&P 500 ES Futures
Indicator(Supportive) - 21 bar EMA
If you want more advanced Trading tips, strategies and trading community.
wadetradingaca...
Looking for a funding company? Try
apextraderfund...
Use Coupon Code for 80% discount! - RXBKISKT
Price action describes the characteristics of a security’s price movements. This movement is quite often analyzed with respect to price changes in the recent past. In simple terms, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying solely on technical indicators.
The only people who know where the market is heading are institutions. They are the ones who make the market move and our job as retail traders is to follow their footsteps and get the piece of their movement. As price action traders we need to find the most profitable ways to enter trades. The highest probability setups are 2nd entries, its variations and confirmations setups at the key entry points.
2-0 for today, skipped the first trade because the market was just opened 1 minute before the 2EL formed
New routine is watching one of your videos with morning coffee. Thanks for your efforts!
Thomas you are a monster of the charts !! Great work brother 👏🏆🔥
As always ❤
so jealous of that first setup
Thanks Thomas ✌️
Thanks you so much!!!
The problem with scalping 2 legged pullbacks is that you had that beautiful bull run that you can easily capture alot of points but because theres no 2nd entries you were forced to skip out on all of it. That's why I don't trade 2nd entries anymore.
What do you trade ? You're looking for home runs ? Going for a base hit that's what pays off in the long run
To capture that beautiful bull run there was HL that generated significant runner. We are price action traders, not pattern traders. There are many setups not only two legged pullbacks.
Trading is a skill and takes time to learn. Takes dedication and discipline just like any other skill. It is not get rich quick scheme.
@@ThomasWade Gotcha, thanks for the knoweldge Thomas.
Thomas, your videos are great, but please slow down in your explanations. Tks!
Thanks Thomas. Question== Must signal bar be same color as intended direction of trade? Thanks
Yes it should.
@@ThomasWade Thanks😀
Great video as always! What ema are you using?
He uses the 21EMA
Everyday I’m getting better and better Thomas lowered my position so low that my emotions are not getting in the way and trying to maintain a 70% win ratio consistently to scale to next contract. Just out of curiosity why did you change your live sessions to Monday instead of Friday? 🤔
I tend to have more energy on Monday and overall I am more excited to trade and because recording my session is quite hard I wanted to make sure I have enough energy.
I just came across your channel, and I'm going through the videos.
😊 I'm trying to apply this to crypto, do you think it will work?
I haven't really traded crypto so I cannot really say.
Hello Thomas, can you recommend me a platform and broker to play on short movements.
Ninjatrader, AMP Futures. Interactive Brokers for example.
how do you move your stop to break even after first profit hits? w/o manually. thanks
I do it manually but the platform allows automatic trail as well. You can set it up in chart trader order settings.
What charting setup do you use? Looks like a combination of ninja trader and TradingView?
I use Ninjatrader.
Thank you. 3-0 today
How do you have it configured as him?