LIVE Scalping Trading Session - High Probability Setups

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
Date March 27 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.

[@darylbaptie5159]

Thanks Thomas! That first LH trade happened so fast that it happened before I got my thoughts in place.

[@Archer441]

Thank you. No trades, LH at 3:32 had a nice bar, but on my chart the tail wasn’t touching the EMA skipped that. Then had some appointments and bounced in here and there.

[@t3rcx]

Same here, the LH looked great but wasn't touching! After yesterday's textbook range, it was disappointing to not have any trades today.

[@littlehammer87]

Thanks Thomas. Pretty good day for me. I took the higher low failed break of the established trading range at 6.40. it was also a 2EL counting from very top of trading range. It worked. I felt confident as to me the trading range was established and I used trading range rules. Always thanks to you!! As always ❤

[@GW.124]

Appreciate these end of day reviews Thomas. Im learning trading alone and so dont have trader friends to confer with. Its helpful to get outside perspective on how the days PA unfolds. Thanks.

[@namnguyen-ci6xg]

Thank you so much!

[@akashrprp3061]

Absolutely great learning content

[@kinwachow9746]

thank you Thomas ...

[@gottschalkphilipp5285]

Thanks Thomas

[@zayin123]

I took the same short trade around 9:00 AM.

[@Blackbay_Trading]

Thanks Thomas 🙂

[@bhushanrai4696]

Thank you sir

[@ravimehra8860]

Thanks sir 👍

[@pascalscho289]

Hello Thomas, thanks for your content! What do you think about using the 200 moving average and the VWAP as potential key areas ? Or do they lead to decision paralysis? Happy eastern :-)

[@ThomasWade]

I never used them.

[@SpecialistBR]

Thanks for the content. What is the rationale for using a 2000 tick chart vs a 1, 2 or 5 minute chart?

[@ThomasWade]

Tick charts are more symmetrical and they show more details. It is easier to find key levels.

[@lifeispeachy8681]

Hi Thomas hope you had a good day!! In your opinion what’s the best trade copier for apex out there?

[@lifeispeachy8681]

sorry i meant for ninja trader

[@unpacify]

@@lifeispeachy8681 replikanto no doubt

[@ThomasWade]

Replikanto is ok.

[@lifeispeachy8681]

@@ThomasWade thank you so much thomas ill look into it. i didnt stick to the trading range rules and got burnt today. so important to stick to the rules.

[@Rajeev-pd4ij]

Sir how many minutes chart is this

[@ThomasWade]

2000 tick chart. 1-5 min are good.

[@liam7205]

whats ema length?

[@ThomasWade]

21 EMA.

[@authenticbarbershop]

Can you guys explain me “Double Trap”, I have watched Thomas wade video for 3months. I still confused “Double Trap” means😢 Help me somebody!

[@ThomasWade]

Double Trap forms when you expect 2ES for example but something is wrong with it. Far from the EMA, congestion, trend still in play.... So you wait for 3ES that closes below EMA. Double Trap is 3ES closing below EMA and the highest point in the correction.

[@authenticbarbershop]

@@ThomasWade Appreciated!🙏🏻