Learn To Day Trade With Price Action
16:39
How To Read A Price Chart
15:16
Пікірлер
@anjolaju
@anjolaju 18 сағат бұрын
The best
@darylbaptie5159
@darylbaptie5159 18 сағат бұрын
Thanks as always Thomas! I took that 2EL 10:18 of the video that failed, thanks for the explanation of why, a good lesson for the future!
@abishekrai6772
@abishekrai6772 18 сағат бұрын
Thank you sir for your time
@BlergleslinkVettermoo
@BlergleslinkVettermoo Күн бұрын
It would not be too difficult to back-test these "rules" going back 50 years across multiple asset classes. But without that, your assertions are presented without evidence.
@Thereal750
@Thereal750 2 күн бұрын
Hey, I am having trouble understanding what failed second entry is. Can someone explain?
@ThomasWade
@ThomasWade Күн бұрын
F2E is second entry under wrong context. For example when uptrend reached a new high, 2EL below EMA may be a trap because uptrend is over and reversal can happen.
@czr1_
@czr1_ 2 күн бұрын
Thomas how come you didn't consider the 2EL off the open? There was clearly a strong bullish imbalance as evidenced by the EMA and while you can say there was two-legs up already from the low of day, the broader bull channel was very neatly fitting and honestly confirmed. I can see that the second leg of bearish correction before the 2EL triggered was larger than the first, but given the imbalance I did not think that was an issue. I am fine with accepting it as a losing trade, but I am just curious what is your reasoning for not considering it? It felt like cherry picking for me to not take it. Thank you!
@ThomasWade
@ThomasWade Күн бұрын
Its close to double top and it looks like the downtrend is still in play. The second leg down is so much longer, therefor it looks like that is the point where downtrend starts. But mainly it was around the open which we don't trade around the open due to spike in volatility.
@ams4225
@ams4225 2 күн бұрын
It feels like in todays price action you need to milk the setups, therefore its not a good trading day. And i wanted to ask you Thomas, for how long you are trading?.. When you started?.. thanks.
@ThomasWade
@ThomasWade Күн бұрын
Hey I have been trading around 10 years now.
@ams4225
@ams4225 Күн бұрын
@@ThomasWade and how many years took you to become profitable?
@Forex-View-oe5gv
@Forex-View-oe5gv 2 күн бұрын
Love You from Pakistan 😍♥
@Johnnynandez
@Johnnynandez 2 күн бұрын
I took that 2ES fbo
@nizamuddinchesam5687
@nizamuddinchesam5687 2 күн бұрын
What time frame and EMA ?
@zenoo514
@zenoo514 2 күн бұрын
Thanks Thomas !
@spyguy4278
@spyguy4278 2 күн бұрын
Thanks Thomas! Not sure if you saw NQ today but it was moving a bit better than ES it looks like. Either way looks like slow summer is here already. Might still be some action this week with PPI/CPI coming in!
@ravimehra8860
@ravimehra8860 2 күн бұрын
Good trading sir 👍
@SuperRafarox
@SuperRafarox 2 күн бұрын
Great lesson, Thomas! I’m exciting, my thoughts about the market structure was exactly the same yours.
@frank-gf3pf
@frank-gf3pf 2 күн бұрын
Hey Thomas, thanks for the video. Your daily analysis shows so few setups that would have failed. I mean, I can’t help but think that there is some bias from having seen the results. If not, the strategy would have like a 95% win rate, which I think we know it doesn’t. So, my point is, it would be very helpful if you could include more setups that could be considered, despite ending up being losers from time to time. It would help because, if not, you may continuously show risky setups that today are winners but tomorrow losers. I think there are very few setups that fail in your daily analysis. Just a thought, I don’t know. Maybe you just are, in fact, that good of a trader (which you are) and that’s impressive. I would love to know your thoughts on this, cause I don’t know, maybe it has or should have such a high win rate. Either way, I love your videos, you've helped me a lot, and I’ve been learning from you for a couple of years. Thank you.
@spyguy4278
@spyguy4278 2 күн бұрын
I believe Thomas does have a 95+ win rate, if you watch Macks videos as well he claims 90%+. Thomas especially is extreamly patient and I'd believe 95%+ win rate.
@DT299_
@DT299_ 2 күн бұрын
👍Thanks
@JOhnnnnny611
@JOhnnnnny611 2 күн бұрын
I think a lot of people get trapped on the first 2 el of the day at open. it would’ve been nice if you went over why the wider channel wasn’t valid
@spyguy4278
@spyguy4278 2 күн бұрын
The one at the open basically? I think the downtrend is still in play, not a 2 legged pullback.
@ams4225
@ams4225 2 күн бұрын
Almost got trapped there. Downtrend in play. Besides, dont trade at the open, or 5 min before and after. Lots of fakeouts.
@ThomasWade
@ThomasWade 23 сағат бұрын
Its close to double top and it looks like the downtrend is still in play. The second leg down is so much longer, therefor it looks like that is the point where downtrend starts. But mainly it was around the open which we don't trade around the open due to spike in volatility.
@lexlutherk1ng97
@lexlutherk1ng97 2 күн бұрын
Thanks Thomas, only took the HL towards the end, and only for one point, still better than none.
@jerryjohnson3801
@jerryjohnson3801 2 күн бұрын
great video keep up the good work
@joeluv017
@joeluv017 2 күн бұрын
Please continue to admit when you didn't take any trades. It's very helpful and a confident build on our reads! Awsome analysis and appreciate your dedication. Thanks!
@kurtcraig9059
@kurtcraig9059 2 күн бұрын
Thanks again for the recap...good examples of when not to take a trade
@marke3470
@marke3470 2 күн бұрын
thanks for the frequent updates
@gottschalkphilipp5285
@gottschalkphilipp5285 2 күн бұрын
Thanks Thomas ✌️
@okayBro0001
@okayBro0001 3 күн бұрын
Black background please
@ravimehra8860
@ravimehra8860 3 күн бұрын
Good trading sir 👍
@kobuserasmus9185
@kobuserasmus9185 3 күн бұрын
Hey Thomas. Do you pay more attention to open/close prices for drawing trend lines or do you prefer to use the wicks?
@ThomasWade
@ThomasWade 23 сағат бұрын
I prefer bodies most of the time. First swing can be drawn many times from the wick though.
@kobuserasmus9185
@kobuserasmus9185 23 сағат бұрын
@@ThomasWadeThanks
@pawantandon1235
@pawantandon1235 3 күн бұрын
Sorry i am bombarding you with so many questions. I will try not to bother you in the near future. In down trend and overshoot can a stock first make a new low after overshoot and then cross the channel on the opposite side and then not come down again
@moshekassirer
@moshekassirer 3 күн бұрын
Thank you for shearing the knowledge 😊 Is this method also good for long term investment? If I’m using daily candles?
@ThomasWade
@ThomasWade 23 сағат бұрын
Yes it is but we prefer smaller timeframes because you may be waiting a long time for a good setup on high timeframes.
@mikegraffone111
@mikegraffone111 3 күн бұрын
Does this strategy work if you only buy 1 contract? or do you need those runners to be profitable doing this because I see the risk reward is usually 1-1. Thanks!
@ThomasWade
@ThomasWade 23 сағат бұрын
You don't need runners. Scalping full is fine.
@jonathantan3690
@jonathantan3690 3 күн бұрын
Nicely done and good insights. Thanks for the video.
@YusufOmanov-gf7ft
@YusufOmanov-gf7ft 3 күн бұрын
👍👍👍 thanks bro
@Basurian2022
@Basurian2022 4 күн бұрын
Thank you, how about forex markets?
@ThomasWade
@ThomasWade 23 сағат бұрын
Works as well.
@JoostenRemco
@JoostenRemco 4 күн бұрын
Hey Thomas, love tour approach in trading and learned a lot. Was wondering what your opinion is on heikin ashi.
@ThomasWade
@ThomasWade 22 сағат бұрын
I am not a fan of heiken ashi.
@RashidKhan-mr9mc
@RashidKhan-mr9mc 4 күн бұрын
Thomas, I just want to add to your valuable video. I guess it is more beneficial to apply your strategy in a prop account instead of a simulated account. you get the real vibe of live trading, and also you are not putting a lot money up front. thanks for a wonderful video!b
@darylbaptie5159
@darylbaptie5159 4 күн бұрын
Great trade Thomas! I took it on sim, in real time I had my short term trend channel wider and was in two minds about another leg up, but now I see that it was a narrower stt that had two legs up already. Always helpful to have your charts at the end of the day to compare with mine as I continue to improve my charting.
@SuperSaverPlays
@SuperSaverPlays 4 күн бұрын
now when I look for my entry point i hear this guy saying "1st Hentry long, 2nd hentry long..."
@jadyjumo2229
@jadyjumo2229 4 күн бұрын
Love your content. I keep coming back to get educated by you and it never fails !!
@thegamerboneless2864
@thegamerboneless2864 5 күн бұрын
Hey Thomas, do you count wicks as over shoots, & or breaks?
@ThomasWade
@ThomasWade 5 күн бұрын
As break we prefer bodies closing outside of trendlines, wicks are not enough.
@thegamerboneless2864
@thegamerboneless2864 4 күн бұрын
@@ThomasWade 👍 Thanks
@kurtcraig9059
@kurtcraig9059 5 күн бұрын
Thank you very much for daily reviews
@Sagar-sy7yp
@Sagar-sy7yp 5 күн бұрын
this concept applies to every timeframe right ?
@ThomasWade
@ThomasWade 5 күн бұрын
Yes but scalping is the best on smaller timeframes.
@nizamuddinchesam5687
@nizamuddinchesam5687 5 күн бұрын
Pair show pls.
@ThomasWade
@ThomasWade 5 күн бұрын
ES Futures SP500.
@okayBro0001
@okayBro0001 5 күн бұрын
Sir black screen please I watch your videos at night and my eyes are hurt so can you explain on black screen 😅😅
@topg5558
@topg5558 5 күн бұрын
N
@DouglasReed-hh7jh
@DouglasReed-hh7jh 4 күн бұрын
Hurt as much as palestinian kids ???
@AdamGonsalves5985
@AdamGonsalves5985 5 күн бұрын
How often do you look at previous days levels, highs, lows, etc. when considering a position?
@ThomasWade
@ThomasWade 5 күн бұрын
I don't analyze previous day too much. I really focus mainly on current day price action.
@rubenjuarez9713
@rubenjuarez9713 5 күн бұрын
Thank you Thomas! I took the same entry as yours!!👍
@ThomasWade
@ThomasWade 5 күн бұрын
🔥
@JW-ke9ed
@JW-ke9ed 5 күн бұрын
Beautiful trade, Thomas Wade, congrats. I have become much more patient applying your price action rules. Trading MNQ, I took one trade for 10 points on a two-legged pullback today. I was in and out in less than a minute, with minimal risk and price action never came close to taking out my stop. Thank you for making these videos and repeating and reinforcing the trading rules for people like me. Cheers
@andrewzed544
@andrewzed544 5 күн бұрын
I'm a simple man; when I see a new video from Tom, I watch it and hit like. His professionalism is unmatched! You get better day by day after watching his recap videos. He is the #1 in price action analysis for me.
@ThomasWade
@ThomasWade 5 күн бұрын
🙏
@optionstraderbrian1696
@optionstraderbrian1696 5 күн бұрын
Great stuff as usual. Have you ever used the double EMA? Plus, is it possible to buy into you academy 1 month at a time? I'd like to try it...
@ThomasWade
@ThomasWade 5 күн бұрын
What do you mean by double EMA?
@papabear2262
@papabear2262 5 күн бұрын
Could you make a video explaining your trading software setup?
@jacksonkendrick943
@jacksonkendrick943 5 күн бұрын
I know you're looking for a response from him, but I can tell you the chart set up. it's a 2000 tick chart, with the only indicator being the 21 bar EMA. software is ninjatrader
@royalhumbler2767
@royalhumbler2767 5 күн бұрын
There is alot of videos about NT8 settings in youtube.
@JW-ke9ed
@JW-ke9ed 5 күн бұрын
Are you asking about his chart setup? It's very simple, it's a 2000 tick chart with 21 ema.
@kaizenchristianity1603
@kaizenchristianity1603 5 күн бұрын
​@@JW-ke9edAfter some research it looks like he's using Ninja Trader 8. I've never heard him mention this. I thought it was TradingView at first.
@IsaacArnold-xf2ft
@IsaacArnold-xf2ft 5 күн бұрын
I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?
@ZoeDavies-
@ZoeDavies- 5 күн бұрын
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant
@ZoeDavies-
@ZoeDavies- 5 күн бұрын
Mrs Kathy Lynne Colby
@LauraMills-xs7py
@LauraMills-xs7py 5 күн бұрын
This is correct, Kathy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
@Sam-Graves-jq5lt
@Sam-Graves-jq5lt 5 күн бұрын
Kathy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
@7EyesOrtiz
@7EyesOrtiz 5 күн бұрын
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
@kito2576
@kito2576 5 күн бұрын
Thank you!