How To Use Scalp & Run Price Action Technique

  Рет қаралды 2,976

Thomas Wade

Thomas Wade

Күн бұрын

Пікірлер: 45
@bombast8237
@bombast8237 4 күн бұрын
at 1:05 I was on the edge of my seat! Another good lesson, Thanks Thomas.
@CrimsonDemon311
@CrimsonDemon311 5 күн бұрын
I dont know why i hesitated taking that textbook first setup i hated myself lol and i said to myself im sure Thomas took all that runner nd my expectation was right,Well Done Bro, i will learn from u more 🤝🏻🙏
@spyguy4278
@spyguy4278 5 күн бұрын
It was a flat dogi near the open so some reasons to hesitate! The HL after though... :D
@billjesso484
@billjesso484 3 күн бұрын
Thank you Thomas.
@olaffdb
@olaffdb 5 күн бұрын
nice day ! what a shame I couldn’t trade today.. great video Thomas !
@bluecollartech-io
@bluecollartech-io 5 күн бұрын
What a great day. I love trades that are a complete no brainer
@oscargr5
@oscargr5 5 күн бұрын
I took the first two setups one after the other because I am not using runner yet (just 1 contract scalp). What a move, I wish I had runner hahah, anyways, greaet day.
@leeshonnefarrow651
@leeshonnefarrow651 5 күн бұрын
Easy trading day. Took those early 2nd entry longs and called it a day.
@Roofti1999
@Roofti1999 4 күн бұрын
First runner in a while
@zaunissy4749
@zaunissy4749 4 күн бұрын
why dont you like inside bars? and what do you mean by double bar entry and when to use it ? thanks alot for sharing your knowledge
@ThomasWade
@ThomasWade Күн бұрын
Double bar entry - First signal bar is bad. But when the context is great, we can wait for the following bar to see if it is good. If those bars are close together, we can you use the secondary bar for entry.
@liam7205
@liam7205 4 күн бұрын
Nice video as always❤. One question can I use 1 minute chart instead of tick chart? The brocker you using it doesn't work in my country. Using a separate charting platform is challenging. Lots of missing trades.
@ThomasWade
@ThomasWade Күн бұрын
Yes you can. Tick charts are the best though. You may want to consider also possible prop firm account to trade tick charts.
@koolaidjammerz91
@koolaidjammerz91 3 күн бұрын
How well does this work with the regular s&p 500 using options and what time frame are you on when you draw your trend lines?
@ThomasWade
@ThomasWade Күн бұрын
I trade 2000 tick charts.
@koolaidjammerz91
@koolaidjammerz91 Күн бұрын
@@ThomasWade thanks i found out later that day.
@jamesanthony5066
@jamesanthony5066 4 күн бұрын
how do you always know if we need to test new high? I keep hearing you say that. Is it due to premarket action, strength of uptrend, previous week/month high, levels...etc? I'm not familiar with Al brooks, but I love these breakdowns. ty.
@ThomasWade
@ThomasWade Күн бұрын
If there is a break of the trendline, you expect new extreme retest.
@jamesanthony5066
@jamesanthony5066 Күн бұрын
@@ThomasWade Ahh, ofc. thank you so much. no clue how I didn't see that more clearly.
@HangingFrog01
@HangingFrog01 3 күн бұрын
How do you know when to close out of a trade?
@ThomasWade
@ThomasWade Күн бұрын
We rarely close trades prematurely. Either it wins or not. Sometimes I take break even if there is long congestion and prices are just stacked.
@JJJVE123
@JJJVE123 5 күн бұрын
When taking profit in points... One point is how many ticks?
@MrYouDougTube
@MrYouDougTube 4 күн бұрын
1 point is 4 ticks in ES or MES
@angelmaldonado2751
@angelmaldonado2751 5 күн бұрын
Can this strategy work on a higher time frame like 4000 tick chart for ES ?
@Roofti1999
@Roofti1999 4 күн бұрын
It does work yes
@__Aby_
@__Aby_ 4 күн бұрын
Bro, can you please tell me how to set automatic trading setup on MT5 ?
@bombast8237
@bombast8237 2 күн бұрын
He's not using MT5, he' using Ninja Trader
@__Aby_
@__Aby_ 2 күн бұрын
@@bombast8237 how can I open account on ninjatrader?
@mehdirh4542
@mehdirh4542 4 күн бұрын
How to apply SL ?
@koolaidjammerz91
@koolaidjammerz91 3 күн бұрын
Below the wick of the entry
@sachabarber2934
@sachabarber2934 5 күн бұрын
I watched your video about how this strategy works in all TF's and markets. Like bitcoin or stocks etc. I am still learning the strategy with demo on ES and NQ for now and I can see that your strategy truly gives a strong edge for scalping. But I want to try it on bitcoin for example on low TF's like 5m chart. But as I look at it it doesn't seem to give the same kind of price action that ES and Nq give. I just want t ask if you or someone has actually implemented this strategy for crypto and it working?
@Roofti1999
@Roofti1999 4 күн бұрын
I'm using this strategy on Solana coin (5min chart) and it does work. But sometimes you have to be a little aggressive and enter on double bars. Also you have to almost always wait to for a break and new low/high for the correction trend. This is because 5min chart is not as perfect as tick charts, so you have to spend quite a good time on the demo account testing the strategy. Good luck bro
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