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How to Find the Best Chart for Trading 

Thomas Wade
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In this video, you will learn how to identify the best chart for trading when introducing a new instrument to your portfolio. Trading multiple instruments can increase the likelihood of encountering high-probability setups, particularly when one instrument faces unfavorable market conditions.
You will discover how to select the optimal tick chart and how to configure your money management strategy for each instrument effectively. While trading various instruments has its advantages and disadvantages, it is crucial for each trader to test this approach to determine if it aligns with their trading personality and style.
0:00 What Is Price Action?
1:42 Where To Start?
3:48 How To Select The Most Useful Chart?
9:20 How To Select The Most Useful Micro Futures Chart?
10:44 How To Find Proper Money Management?
14:59 How To Find The Best Chart For Trading
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
Instagram - / realthomaswade
Twitter - / iamthomaswade
Facebook - / wadetradingacademy
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.
wadetradingacademy.com/
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Use Coupon Code for 90% 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.

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31 июл 2024

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Комментарии : 48   
@Fascinating_Finds88
@Fascinating_Finds88 2 месяца назад
I really like how clear your rules are👍👏👏
@Juinor
@Juinor 2 месяца назад
love it Thomas, just encounter your vide a few days ago. love how the vid is quick to the point.
@stophunter786
@stophunter786 2 месяца назад
Thank you Thomas. This was extremely helpful!
@RashidKhan-mr9mc
@RashidKhan-mr9mc 2 месяца назад
This was helpful in soo many ways! thank you very much Thomas!
@theukfuturestrader.5166
@theukfuturestrader.5166 2 месяца назад
Interesting video bud. I've been looking at the CL 500t chart over the last week. It looks good. Just trading the ES is hard going lately, been luck to get a few trades a week. Defiantly worth looking for a second chart to trade. I already use the NQ 1500t chart as an anchor chart. The ES an the NQ pretty much follow each other. So when i am looking at a trade on the ES i have a quick glance on the NQ and it acts as like a second opinion. Not sure why the ES is so short of trades lately, you've got to adapt to the change in conditions. Thanks for an interesting video Thomas! 👍
@tyreenashsr1441
@tyreenashsr1441 2 месяца назад
For those of you who looked at the GC example, I've found in my back testing that the 500 tick chart is similar to the 5 minute chart. It reduces the clutter and there were some really good setups today. They took a bit longer to setup but I'm ok with that. Great video Thomas.
@bombast8237
@bombast8237 22 дня назад
This answered so many of my questions - great stuff!
@JohnVanderbeck
@JohnVanderbeck 17 дней назад
Haha glad it answered questions for you. For me it just created a whole lot more! I think this was maybe a bit too advanced for me. Will need to rewatch it a few hundred times.
@thejashp4766
@thejashp4766 2 месяца назад
Great video man thanks
@kito2576
@kito2576 2 месяца назад
Great video!
@darylbaptie5159
@darylbaptie5159 2 месяца назад
Thanks Thomas! On the days that ES is slow very choppy it's good to know how to look for other instruments to trade.
@usa1thankyou823
@usa1thankyou823 2 месяца назад
Awesome Video Thanks
@suecrewstudio8994
@suecrewstudio8994 2 месяца назад
The biger gift for all cumunity very very thanks for your mentoring ❤❤❤❤
@elmamo2000
@elmamo2000 2 месяца назад
Thanks, Thomas!
@edgardolopez6908
@edgardolopez6908 2 месяца назад
Thomas I passed my combine. Thank you for your knowledge.
@okayBro0001
@okayBro0001 2 месяца назад
Why do all youtubers explain only Emini 500 chart while I have personally seen that the charts of Emini and Bitcoin are very different. The price action depends on how many people are trading on that chart. your videos are great ❤
@ThomasWade
@ThomasWade 2 месяца назад
Because ES S&P 500 is the most traded instrument by the professionals. It tracks the entire US stock market and it is very liquid. So it is really one of the best and cleanest instruments one can start trading.
@stina3097
@stina3097 2 месяца назад
Free Palestina 🇵🇸
@rubenjuarez9713
@rubenjuarez9713 2 месяца назад
Thank you Thomas
@electronaota2654
@electronaota2654 2 месяца назад
Thank you, very helpful to me. been trying to trade the instrument from my country because it moves very similar to ES.
@Basurian2022
@Basurian2022 2 месяца назад
日本にはどんなPrice ActionのRU-vidrやBlogがありますか?
@electronaota2654
@electronaota2654 2 месяца назад
知らないですね。日本のトレーダーでPAを使ってる人も聞いたことがないです。​@@Basurian2022
@electronaota2654
@electronaota2654 2 месяца назад
@@Basurian2022 聞いたことないですね。日経平均先物を取引してる人の中にはいるかもしれませんが。
@cherrytherowdy8732
@cherrytherowdy8732 2 месяца назад
Great video Thomas❤. I have a doubt that what is the corresponding time frame chart for 2000 tick chart in Indian markets like nifty 50 instrument
@iheanyianyaogu8056
@iheanyianyaogu8056 4 дня назад
How can I understand tickchart and set it
@Precept71
@Precept71 Месяц назад
Hi Mate, This system still works ok with a time based chart? Cheers and great stuff!
@ThomasWade
@ThomasWade Месяц назад
Correct. 1-5 min are good for scalping.
@CalBlack-up7cs
@CalBlack-up7cs Месяц назад
what time frame should I use in cryptp market?
@AntnyG
@AntnyG 2 месяца назад
Thomas, instead of scalping, I'm currently trying to target 5-10 point (20-40 tick) moves (R:R~2:1) on the ES. Seems logical to me that around a 4000 tick chart might be more optimal for that, in order to be somewhat less distracted by the very small moves. What do you think?
@ThomasWade
@ThomasWade 2 месяца назад
Its good when market is moving fast. Also taking such big targets, you might need to trade higher timeframes or simply pick certain types of trades. FBOs etc.. Buying low and selling high. You cannot wait too much for confirmations.
@Meli1991
@Meli1991 2 месяца назад
What would you suggest for someone who is looking to trade ES or NQ but only has a few hours in the morning to trade. 3-7am
@ThomasWade
@ThomasWade 2 месяца назад
You obviously need to lower the tick chart little so you get more setups but I don't trade overnight so I cannot say from top of my head. Use the same rules I talked about in this video. Try for pre market something that is faster but not too fast to produce too many trades or fakeouts.
@hshshhshhshshhshs8974
@hshshhshhshshhshs8974 2 месяца назад
@JohnVanderbeck
@JohnVanderbeck 17 дней назад
Got confused in the start because I thought a tick was a price move, the Y axis, not time, the x axis.
@uusz96
@uusz96 17 дней назад
is this high probability set up rule can be use for swing traders? im analyze from 1 day chart
@ThomasWade
@ThomasWade 17 дней назад
Yes, price action is universal. But when you are trading higher timeframes, you may wait a long time for a setup. You can still use overall price action behaviour for higher timeframes.
@uusz96
@uusz96 16 дней назад
@@ThomasWade How about the EMA, still EMA21 for Daily Chart or 4 hr chart?
@ThomasWade
@ThomasWade 14 дней назад
@@uusz96 21 EMA for all timeframes, price action is universal.
@michaeljohnpasigue3963
@michaeljohnpasigue3963 2 месяца назад
Can I just use the 1minute chart instead?
@ThomasWade
@ThomasWade 2 месяца назад
Yes you can.
@threes5310
@threes5310 Месяц назад
Can i try it for forex???
@ThomasWade
@ThomasWade Месяц назад
Yes you can although I am not a fan of forex. Futures are so much better.
@threes5310
@threes5310 Месяц назад
@@ThomasWade if this strategy works well on Futures then everyone should Try it with futures. But the main problem is that Legit prop firms doesn't allow futures Instruments & for Personal capital, we need a lot of capital to trade with futures. Thanks for your reply
@abrorkurbanov5628
@abrorkurbanov5628 2 месяца назад
are you a student of al brooks?
@Felale
@Felale 2 месяца назад
Not sure about Al Brooks but Mack (PATS) for sure.
@tyreenashsr1441
@tyreenashsr1441 2 месяца назад
@@Felale I believe he's mentioned Mack in some of his earlier videos.
@ThomasWade
@ThomasWade 2 месяца назад
I studied Al Brooks but very early, now my style is more similar to Mack Pats.
@abrorkurbanov5628
@abrorkurbanov5628 2 месяца назад
@@ThomasWade thanks for the information might look into mack Pats after al brooks once I finish the course
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