LIVE Trading S&P 500 - Price Action Edition

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 April 19 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.

[@migrivera9165]

Thomas wade doing this for free its a blessing for me as a beginner, God bless you always Thomas wade...

[@Parttimerower]

Hi Thomas! Thank you so much for the NQ chart review today! Took a few nice setups today on NQ and glad to see that my analysis of the price action and context is on the right side and aligning with what you have drawn on your chat too.

[@smdkmusicbros3804]

Hey sir can u please tell me whats ur R:R on the NQ instrument?

[@sumanthwonder]

Hi Thomas - thank you for the chart reviews and have been following you for a long time now. One thing I noticed and would love to learn is how you scaled your contracts methodically with time. I see that you are 8 now. Great work!

[@chiken234]

Thank you Thomas!

[@drawncinema2533]

Thank you for this video and including the NQ. Have a great weekend!

[@darylbaptie5159]

Thanks Thomas! I took two 2ES. Your videos help a lot with developing patience and waiting for A+ entries, thanks a lot!

[@DT299_]

Thanks👍

[@michaeljohnpasigue3963]

Amazing patience bro!

[@johnviteri5945]

I will love to keep seen the NQ chart thank you 🙏🏼🙏🏼

[@gottschalkphilipp5285]

Thanks Thomas ✌️

[@zenoo514]

Thanks Thomas !

[@rubenjuarez9713]

Thank you Thomas

[@littlehammer87]

Thank you Thomas! Just be careful there are lots of scammers commenting here on your videos lately. Please stay safe guys! As always ❤

[@johnnynandez9476]

This was Goated thomas more nq chart reviews since our main chart aka ES ain’t doing to hot to due to world news over here in USA news is making 😅investors spooked about rate cuts

[@mcostamarques]

Thanks for the review Thomas.... Very tough day

[@Archer441]

Thank you…Hopefully better on Mundee

[@joshuapeek9555]

been enjoying the chart review for the NQ have you taken any trades on the NQ yourself or just providing us with more content to absorb? thanks!

[@gregschult6908]

This is the 3min chart correct? If so, it's what I use and that is solid for me!

[@ThomasWade]

I use 2000 tick chart. 1-5 min are also great.

[@JoostenRemco]

Hey thomas, love your content! My question: Did you move the runner down for it to get hit? If so, do you move it more often and why.

[@ThomasWade]

I always move my runner to BE position after scalp is reached.

[@JoostenRemco]

You mean the stop to BE and in this case you didn't get the runner? The video skips a part.

[@ThomasWade]

@@JoostenRemco I show my trade executions so you can see the position if you look closely. It is not that easy to see. But no runner because I moved it to BE and it was hit at break even.

[@smdkmusicbros3804]

Hi thomas, can you please tell me what is the R:R on the NQ ?

[@ThomasWade]

SL is always 1 tick above/below the signal bar. On NQ decent scalps seems in a range 10-12-14 points. Around that area it seems like a solid scalp.

[@salva7731]

Hi Thomas, I'm new here, thanks for your videos, very informative! I have some questions regarding the "higher low setup" (5:07 in the video), maybe some viewer also knows the answer: Is the HL-setup basically an 3EL where the low right before the third entry is higher than the low right before the second entry? When is this setup used? When you don't trust the second entry and you want to wait for confirmation at a key entry point (in this case above 21EMA)? Thank you! :)

[@ThomasWade]

You pretty much got it right. Higher lows and lower highs are confirmation setups. Meaning they have to confirm something. 1) Second entry 2) Failed breakout 3) Failed second entry 4) Support and resistance bounce HL and LH are additional confirmations. Sometimes when we are not sure about the second entry or failed breakout we can wait for the market to confirm the momentum and enter after confirmation. HL and LH should form close to EMA preferably, once they move too far we generally tend to wait unless the trend is healthy and strong. Signal bars should be good. I would say that we don't look for HL LH at first, only when second entry for example is not forming so great and it looks sketchy, we can wait and see if HL LH will confirm it and give better entry.

[@salva7731]

​@@ThomasWade Thank you so much for the detailed answer! :)

[@JoinRgi]

MY G So you said no Lower high formed @6:08 but one did form just above the EMA but i see you take that sometimes why disregard it today ?

[@ThomasWade]

The uptrend didn't reach new high yet for us to risk LH above EMA. Also notice, it didn't trigger right away. It stalled with bull bar next to it. So even if you want to sell, it didn't trigger.

[@JoinRgi]

@@ThomasWade copy that appreciate you 🥂

[@flexmasterscx1056]

how many points do you go for on the NQ?

[@ThomasWade]

10-12-14 seems like solid scalp for NQ.

[@SuperRafarox]

Nasdaq are you analysing on 5000 ticks chart? Anda CL 500?

[@ThomasWade]

NQ 1500 CL 500

[@suecrewstudio8994]

🎉🎉🎉🎉😊

[@dattatraybhujbal5134]

Which ema have u plot

[@ThomasWade]

21 bar EMA.