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Price Action PATTERNS For Day Trading 

Thomas Wade
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Important Price Action Rules - rb.gy/eh8w
Simple Guide To Trading - rb.gy/sypf
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How to Find the Best Chart - rb.gy/h0m3nw
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Date July 3 2024
Time frame - 2000 tick chart
Instrument - S&P 500 ES Futures
Indicator(Supportive) - 21 bar EMA
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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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2 июл 2024

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Комментарии : 28   
@bartflytrading
@bartflytrading 27 дней назад
The spike that occurred during the macro data slightly disturbed the image on the chart, but even on such a slow day we can draw something and take a few transactions :) Thank you, Thomas, for the opportunity to compare the charts and your comment 💪
@tbillmc
@tbillmc 27 дней назад
ty sir, excellant
@HangingFrog01
@HangingFrog01 26 дней назад
will this also work on lower time frames or do you think its safer to just stick to the 15 min
@ThomasWade
@ThomasWade 17 дней назад
I use 2000 tick charts. 1-5 min are also good.
@mehdirh4542
@mehdirh4542 27 дней назад
How to draw TP AND SL in MT5 🙏
@ThomasWade
@ThomasWade 17 дней назад
I use Ninjatrader. I cannot really comment on MT5 but there should be some tutorial how to do it.
@plazent
@plazent 27 дней назад
2 wins on same entries for me. working towards my funned account Thank you Thomas
@MKT20
@MKT20 26 дней назад
what EMA do you use?
@ThomasWade
@ThomasWade 17 дней назад
21 bar EMA.
@AdvayRajoria
@AdvayRajoria 27 дней назад
quick question. If the context is right, can you count a failed entry as a leg? Eg - in an uptrend you get a first entry short, failed entry long , a second entry short and a entry long at the trendline. Would you take this setup?
@ThomasWade
@ThomasWade 17 дней назад
I don't understand your questions. Do you have example of this scenario in some of my videos so I can take a look?
@AdvayRajoria
@AdvayRajoria 17 дней назад
@@ThomasWade I did see a setup like this a while back on the es, I will try to find a link to show you
@AdvayRajoria
@AdvayRajoria 17 дней назад
@@ThomasWade ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-nSBUPC2NKzU.html it would look something like the entry you were talking about, first entry short, then one green bar that failed to create an entry long, then a second entry short and a second entry long. Obviously you would not take this setup, but it would look similar to this. I get setups like this a lot on the 5 minutes and they seem to work near key entry points.
@gottschalkphilipp5285
@gottschalkphilipp5285 28 дней назад
Thanks Thomas ✌️
@darylbaptie5159
@darylbaptie5159 28 дней назад
Thanks Thomas! 0-1 for me today, I took that 2EL that failed at 5:24 in the video, rushed into it after missing out on the F2ES and missed the resistance above. Great to know about the chance to enter on the DT for the next time!
@JOhnnnnny611
@JOhnnnnny611 28 дней назад
What do you think about the lh that formed in your video at 1:59 timestamp. Thanks for the video!
@spyguy4278
@spyguy4278 27 дней назад
Good catch, trading ranges so tricky. I guess with the news incoming it's a stay-away. It's also not really a Failed Breakout, just a LH
@ThomasWade
@ThomasWade 27 дней назад
Agree with the trader. It is very close to news and it didn't even push below EMA. It didn't even confirm the FBO because we didn't break higher.
@oscargr7074
@oscargr7074 27 дней назад
Hey Thomas, I have been watching your RU-vid videos for a while now, they're fantastic! I have a few questions that I haven't come across in your videos: 1. On average, how many trades do you make each month? 2. What is your typical monthly win rate? 3. What is the usual distance between your open price and your stop loss? Thanks
@mcostamarques
@mcostamarques 28 дней назад
Great day for me today.... Very unexpected... Thought it was gonna be a very slow day..... Thx for the review master
@TheMattj88
@TheMattj88 27 дней назад
How many minutes are the 2,000 tick and 10,000 tick charts comparable to?
@Phoenix56801
@Phoenix56801 27 дней назад
1 and 5
@ThomasWade
@ThomasWade 27 дней назад
As the trader said, similar to 1 and 5 min.
@TheMattj88
@TheMattj88 26 дней назад
Thanks!
@electronaota2654
@electronaota2654 27 дней назад
Surprised you traded today lol. I just took a day off
@SSeblo
@SSeblo 28 дней назад
THOMAS WADE IS MY GOAT 1-0 today I'm up to 7 funded accounts trading with apex
@darylbaptie5159
@darylbaptie5159 28 дней назад
Congrats!!
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