IMPORTANT Entry Techniques - Price Action Simplified

Рет қаралды 2,800

Ай бұрын

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
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Date May 1 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.

Пікірлер: 16

@darylbaptie5159 Ай бұрын

Thanks Thomas! 1-0 for me today, I sat FOMC out. Still working on patience and waiting for best set ups, your videos help a lot.

@christiantodd2736 Ай бұрын

Thanks for explaining much needed💯

@503flashgordon Ай бұрын

Thank you for taking the time and effort to put these videos out

@Archer441 Ай бұрын

Thank you, 1-0 Was following narrow channel. Took F2ES at 5:30

@zenoo514 Ай бұрын

Thanks Thomas !

@5EsHyfdt Ай бұрын

Thank you, this is super helpful for beginners trying to trade days like this. One question I have is at 4:50 you say the 2EL never triggered. I would have thought it triggered when it broke the high of the previous bar - but is it because it's an engulfing bar you need to wait for it to close and have its own high broken?

@ThomasWade Ай бұрын

Yes it triggered above previous bearish bar but we cannot go long above bear bar, we need go long above bull bars so 2EL above bull bar never really triggered.