Market Rules EXPLAINED - How To Count Entries

In this video we will cover how to count entries with the trend.
As a trader's we want to follow the trend and while doing so we need to find the highest probability entries possible.
In order for a trader to find a high probability entry, he first must learn the proper way to count entries.
Price action trading solely analysis the naked chart and bars on the screen. There is no need for indicators. Once you learn the skill to read price action, you will find the proper entries quickly.
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 a retail traders is to follow their footsteps and get the piece of their movement. As a priceaction traders we need to find the most profitable ways to enter trades. The highest probability setups are 2nd entries at the key entry points.
Instagram - / realthomaswade
Twitter - / iamthomaswade
Facebook - / wadetradingacademy
Date July 23 2021
Key entry points are:
1) Trendlines - after a break we expect a correction or retest of a new extreme
2) Support and resistance lines - most breakouts of trading ranges fail
3) EMA - 21 bar settings
The reason why we look for 2nd entries and not 1st or 3rd entries is tied directly to human psychology.
If you are interested in learning to day trade stocks, forex and futures SUBSCRIBE to the channel and I hope you enjoy the videos!
The best way to became consistantly profitable is to learn to read the chart in its purest form. There is no holy grail or set of indicators that can make you rich without work. Learning to understand how prices move and why they move is a learnable skill that anyone can achieve.
OUR PRICE ACTIONS RULES WORK IN EVERY MARKET AND EVERY TIMEFRIME.
Priceaction is universal and technical analysis patterns repeat over and over again on consistent basis.
Trading with a fear is the most common fear most trade have. It is crippling and can get your mind frozen. The key to consistancy is to be emotionless and fear nothing in trading.
Key rules of our strategy:
1) Second entried in the direction of a trend
2) Trendlines
3) Failed breakouts
4) Failed second entry counter trend
5) Support and resistance
Target Profit - 10 Ticks
Stop Loss - below signal bar (around 10 ticks)
Overall market context is more important than individual patterns.
Technial analysis works and it repeats over and over.
If you want more Advanced Trading Tips, Strategies and Trading Community.
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[@marvinmccalla1517]

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[@ThomasWade]

Thank you! I am very grateful. I am glad you like it. No need to send money though, you can use it to fund your trading account :)

[@rooster1692]

@@ThomasWade man where is the SL will be for 1st entry, 2nd entry?.

[@ThomasWade]

@@rooster1692 1 tick below the signal bar when buying and 1 tick above the signal bar when selling.

[@rooster1692]

@@ThomasWade Thank you so much for the valuable reply man. Could you please tell me the timeframe?.

[@ThomasWade]

@@rooster1692 I trade 2000 tick chart. Similar to 1 minute chart.

[@s08tank]

This is a go to channel for learning price action trading. If you are an aspiring /ES trader look no further. Thomas is the real deal. Thank you Thomas for the review of content on counting 2nd entries on two legged pull backs.

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[@zr0limits739]

I could never quite figure out how to count my entries correctly and this is a game changer for me. Thank you

[@frankm2450]

Thank you so much for posting this video. You are the first person to explain second entries in a way that I actually understood it. So glad I stumbled on your site. Consider me a true follower from now on.

[@soothingserenitysounds237]

Thank you, Thomas. This video is very helpful for determining where to place the proper entries. I appreciate your time and effort in making this great analysis all the time. All the best!

[@jerryohren121]

I have been trying to find an in depth video about 2 legged pullbacks. This is the BEST one by far that I have found!

[@tradingjamie]

Hey @Thomas, this is absolute gold. Thank you so much for this video. I’m going to start watching all your other videos now!

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How have I not known or ever realised this with the time I have spent at the chart. 🤯 thank you. You literally made my trading 100% easier in a matter of minutes.

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Thank you Thomas for the effort you put in your videos, well explained.

[@SirVerrocchio]

the best video it've seen on KZbin. you´re the best mate!

[@mhashetokraho4888]

Great video bro . I wish your recent videos continue with this momentum of teaching. It’s hard for beginners like us to understand when you go through things very fast. Love your work ❤

[@desertjedi]

Fantastic video on second entries. It cleared up so much confusion for me. Your last statement about looking for failed second entries was gold for me.

[@gregschult6908]

Over 4 years of method jumping, numerous discord channels, just about trying all indicators, blowing through countless prop firm evals, blowing up a handful of passed prop firm accounts and I am on my last bit of rope as they say. No pitty party here, however, finding this channel has given me some new ways of looking at the market and will give me enough to try this one more time. I'll be watching your videos however, this one really jumped out at me. Thanks.

[@ThomasWade]

Learning to read price action is a skill and takes time. If you are new to price action then don't rush things and study diligently.

[@gregschult6908]

@@ThomasWade Thanks for the reply! Price action is what I originally learned and am confident in it. Adding the 2 leg aspect is what I am excited about and you explain it in a way that I can understand solidly. Thank you.

[@chipetto21]

Thank you Thomas for all the valuable lessons! Great channel!

[@JoshDub78]

Some of the best info out there. Very well explained. Thanks, brother.

[@gerardoosio]

Even the most basic videos, always teach me something. Thanks friend

[@gskkap]

Greetings from Los Angeles. Really enjoyed this video. The fact that you took your own time to explain how to count entries in a very precise manner is greatly appreciated. I have also been watching your other posted videos for the past few weeks and learning your methods and rules. Many blessings and thanks Thomas!

[@ThomasWade]

I am glad it was helpful.

[@SpeedyB0y]

Amazing video mate. Thousands blessings for you!!

[@armando_zayas]

Really good video, the explanation is clear and to the point, thanks for sharing!

[@strobe227]

Great video explaining this concept. I had been struggling with this until I watched this video. thank you.

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I gotta say Thomas, after doing this for 24 years collectively, i dont tip my cap to many, many arent worth it. You sir are VERY different. Bravo 👏🏾 👏🏾 love your testimonials. Would love to network and work on some projects together. Stay blessed 🙌🏾

[@sameerk12982]

Hello from India.... Thank you Sir for this easy to understand and very helpful tutorial.... Every trader must learn the price action you shown in the video.... really helpful.

[@ianbuckley7274]

I really like how you explain your content, especially when you don't show the chart to the right which has already played out. It is very interesting to see your candle by candle analysis. I plan to continue following you and hope I too can follow your trading mythology, thank you for sharing your information

[@GABRIELE-gm4cs]

Congrats on the 2k suscribers man!!

[@ThomasWade]

Thanks!

[@davidhannan7702]

Best video ever... Finally some rules for entry!!

[@coins_coconuts]

Thanks so much for this video! I was very confused about second entries and I totally get it now :D

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This is the channel for me going forward. Appreciate all your effort and time. I will share your channel. Thanks

[@ThomasWade]

🙏

[@mrscalpers1]

That really helped me! I appreciate the video. 👍🏼

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[@ThomasWade]

🙏

[@lenguyenkim6318]

Thank you so much. This is gold lesson!

[@jaynarayanhembrom614]

Really very powerfull price action.thanks sir, and God bless you.

[@elmamo2000]

You are an excellent teacher. Thank you for sharing this.

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Thanks God, Someone shared his knowledge by the core if Heart ❤ Thanks sir

[@Philipwilder88]

Really great explanation Thomas. Thank you

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My goodness, this is really well done!

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All I can say, is that you are just the best thanks 🎉

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Thank you. Thanks to you , I was able to understand the concept.

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Excellent video! Masterpiece! Thanks a lot.

[@dztrader]

this was so simple to follow. I find your videos much better to follow than brooks. thanks for all the help.

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Thanks for the good education.

[@D.roro1524]

That's a Wonder your explanation! Thank you.

[@mehmetaskin1256]

Thanks for clean explanation😊

[@cq7415]

Thanks. You explain great.

[@hinhtran4758]

thanks, I understand your concept count now after I watched 3x.

[@PyDataScience]

Warm greetings from India. It's really great learning.

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[@a2kefacts254]

Absolutely crazy man thank you so much ❤

[@yur.vsaibo9187]

Sensei thank you for the cool video. We will support you with likes.

[@sephtading6140]

Great way of teaching. For long, looking for 2nd failed entry short.

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I understand clearly everything in this video, thank you for this content. I have no doubt that my profitability will go up from here. Thank you very much…✌🏾

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Thomas wade sir i don't have words to thank you to lear me price action but again thanks a lot sir

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[@ThomasWade]

🙏

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awesome stuff. thank you

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Thanks for the video!

[@tomfreem]

Trading! Good explanation of first and second entries 🎉

[@niro56]

Thank You so much!👏

[@tomfreem]

Trading: great info about counting entries.

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AS A NEW TRADER ,THIS IS A NEW CONCEPT FOR ALMOST A YEAR ,FROM MY JOUNEY

[@ThomasWade]

Yes, this is pure price action.

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Thank you!

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Thank you soomuch ❤❤❤

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You are the king man

[@jamespaul4618]

4:30 1EL (1 TICK) then 2EL. SUCCESS requires spatial awareness, patients and a mechanical system to count waves. 7:30 example 2. Wave count and 2EL. Note: 2nd leg entry are high probability trades. Hindsight will reveal some "missed" opportunities however if you only engage the market using 2nd leg entry then your consistency will increase. 11:00 DOWN trend wave count. This is useful information. Why _ because if applied properly it will stop you from being trapped in short term reversals!!!! 13:14 complex retracement then bullish 2nd entry long. MAGIC. Success demands that you follow your trade plan rules..

[@rollyunicorn]

Yes. I agree with you. I noticed this also. Probably it would be best to consider the 1st entry as a likely trap for the early birds and the 2nd entry as highly likely to succeed. Bearing in mind that most people find it difficult to re enter right after a loss, especially on daily charts with the larger stop size employed. Less trades as you say, but still very acceptable due to the higher win rate.

[@cyberfam996]

Great explanation... Im going to try this because its the one thing that always gets me.. what looks like a pullback which i buy in on bigger candles but after watching your video looks like the second entry L/S

[@Exzal123]

Hi ! If you try the candle style "high low", you might find it easier to see the true length of the candle, there is no wicks on this mode therefore it makes the process of finding those 2nd entries pretty easier I think !

[@jackypeyronnet6153]

Fantastic ! 👍

[@bigdaddydraco]

thank you man

[@jorgeparra9894]

best explanation of the second entries

[@ThomasWade]

Glad you find it useful!

[@hinhtran4758]

hello Thomas when you count the bar break the previous bar high just by 1 tick - that mean the recent bar closed must be higher the previous bar closed by 1 tick? please clarify my understand this concept. Thanks

[@timcromwell5506]

Thank you for another great price action video. Does it matter what chart time you are using? Would this be a 3M or 5M? I imagine 1M would be messy. Thanks again!

[@ThomasWade]

1 minute is actually good chart. Between 1-5 is good.

[@silanom]

You are an excellent teacher. Is there a course or mentor program you provide other than this KZbin channel? Its ok if not, this channel provides so much great information it seems like enough to get started on sim. Thank you for this channel Thomas.

[@ThomasWade]

I have an academy but right now it is closed, member limit has been reached. I would still recommend just watching free videos for couple of months before buying anything. If you keep watching the free videos and you will be studying charts at the end of each day, you will improve a lot.

[@karthikshaan7148]

the video is clear and concise, thank you for this. what resources did you learn this from? i heard about Edwards and Magee being the OG book. does that book cover these price action guide?

[@ThomasWade]

I learned from Al Brooks and Mack from Pats trading.

[@jr0812]

Thank you for the meaningful and helpful sharing:)🙏 Pls. advise how to we consider on the exists and stop loss targets. Take care and stay safe :)👍

[@ThomasWade]

Stoploss goes always 1 tick below signal bar when buying and 1 tick above the signal bar when selling. Personally I scalp for 8-10 ticks. You can see my live trading videos where I exit. I also scalp and leave one contract as a runner, swing in case I catch a major move.

[@Thebulltrader_pk]

You are genius ❤

[@andgeo6662]

Thanks Thomas, very helpful, I would like to know where exactly you place your limit order when 2entrie confirmed, immediately in the same candle or when opening the next candle?

[@ThomasWade]

At the close of the signal bar. After break above the signal bar, entry was triggered and I drop my limit. You can see my live session videos to see how I enter exactly. Opening of the next candle is indicating the trigger for the entry, above the signal bar. So technically entry is on the next candle after the bar that signals 2EL.

[@ukulelebatz]

Thanks 😎

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Thanks for the great videos lol i don’t see how you don’t have 100k subscribers

[@ThomasWade]

Haha thanks!

[@cowboy5939]

Thank alot

[@dipeshamin9293]

Awesome stuff! Thank you so much. I was having a hard time understanding counting entries despite reading the PATS manual a couple times. You just made it so simple.one question - does the 2000 tick also work on the MES or would you recommend some other timeframe for the MES with this strategy

[@ThomasWade]

You would have to use different tick chart on MES. Something like 1400. Select 1400 and try to match it to 2000 tick chart ES.

[@dipeshamin9293]

@@ThomasWade thank you so much. Just out of curiosity, what is the logic there? I assumed they would be completely correlated.

[@ThomasWade]

@@dipeshamin9293 MES is less liquid I assume.

[@chrisrustomnorthover]

What is your best time frame and can you use on any time frame. Great video thanks a lot!

[@ThomasWade]

I would recommend 2000 tick chart. Tick charts allow us to see more details. Anything between 1-5 minute are good. This occurrs even on higher timeframes but you may wait a long time for a setup.

[@casualverse]

so for 5:17 the bar that breaks the previous candles low aside from the double top, does that candle bar breaking the low at this timestamp reset the count?

[@vnormikoluvformi]

Nice explanation

[@babybird4817]

After you go through the “make 2000% profit in 5 mins with this strategy” videos on KZbin, you finally find the good shit.

[@leveragefx]

Do you offer training or live room? I could really use your help and you are one of the few I sense I can trust.

[@ThomasWade]

I don't, that would be very close to signal service and I don't provide that. It takes time and effort to learn this and every trader has to go through this journey. Plus as I talked about already. Trading in front of people would put a lot of pressure on me. I already feel nervous talking to camera, let alone trading in front of croud of traders. There are honest traders you can learn from as well. I mentor students. You can contact me.

[@leveragefx]

@@ThomasWade Hi I'd like to discuss mentoring. I feel I'm close to being profitable and lose more in commissions than trading most days. I see a trend and then try to buy/sell pullback and often in too early and get run over throwing limit orders out. I see you wait for confirmation bar and am starting to do that far more than I ever have. It's just that stop under bar's low is often a WIDE stop for me. My email is [e-mail]

[@ThomasWade]

@@leveragefx Just shoot me an email to [e-mail]

[@khorshidtabande9083]

hi thanks for your videos, do you have any video to explain key entries? i searched but i didnt find in ur page

[@ThomasWade]

I recommend couple of first most popular videos on my channel. They cover it.

[@joeladelman2375]

good videos. thx. pls allow me to say ... at 10:45 - i wish you had discussed that 1st downswing (2 larger red candles) in the context of the Uptrend. you jumped to the Downtrend discussion immediately, before the downtrend would've even been apparant in real time. At that point, we wouldn't still been counting the down-legs looking to take a long in the uptrend. It looks to me that there was a 2EL shortly thereafter that would've failed. Am I correct about this? THX

[@ThomasWade]

2EL formed below EMA so we are not interested. Also 2EL formed as bearish doji and not good bullish signal bar. You don't want to take that setup anyway. Note that his video was mainly about technical count of entries, not really how to identify high probability setups with all price action rules.

[@larrycox6614]

Great explanation...how do you handle/count Futures activity an hour or so prior to the opening? Does a single large/very large candle negate any kind of analysis...forcing you to basically start over again?

[@ThomasWade]

I am not sure I quite understand. When it comes to good time to trade. I start earliest 1,5-2hours before market open. I would not start earlier than that. I also would not take a trade right before the close. The large candle, well that could affect my counting or analysis, it just depends wheter we break the previous bar high or not. Hope that helps.

[@sandytaunk]

Sensei please make a video with couple of example , topic-> you made reversals video just make opposite of it ,where there are no reversals after channel break , hope you understand . Thanks

[@Tampanda]

Nice video.

[@deoriginalrudeboi]

please please do another one. im still kinda confused but i wanna get it

[@briant9966]

thnak you thomas

[@MaxTyco]

That was great

[@victorcadavid5761]

Great explanation! I got a question please. At 3:11 could be considered a failed second entry short?

[@ThomasWade]

Looks like there was only 1ES so not really F2ES. I count from the low of the previous swing though. Because that is the first swing after the session started.