Market Rules EXPLAINED - How To Count Entries

[@marvinmccalla1517]

My name is Marvin and since watching your vids my level has elevated! Thanks for sharing your knowledge! I'll be giving more at another time.

[@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.

[@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.

[@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.

[@Frawkesish]

For real! Tons of value for free. I hope I can get into that Discord of his someday

[@financejunk4933]

What is ES trader

[@s08tank]

Ticker for Emini S&P 500 futures contracts..

[@stevecharmer4296]

@@financejunk4933 Early Seller

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This was a good one! Following your videos for months now and with help I’m making outstanding progress. Just earned my first major paycheck of $80k from the financial trades markets, can’t wait for over $100k next

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Oh wow! If I may ask what kind of stocks or currency pairs do you tend to trade when trading futures or day trading? Do you use more functional or technical analysis? For me, I would say I lean more technical but I’m always open to learning more from someone more successful than I am. Cheers!

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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

[@t-Robot.trading]

this is the best bar to bar price action analysis I have ever watched. I will watch it 1000 times ! thanks

[@t-Robot.trading]

I took 2nd legged pullback entry (with the confirmation from Level 2) today and made profit. ...thanks again

[@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.

[@paradox7189]

He seems from India. The India man teacher for me are amazing in teach 😍🤩

[@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!

[@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.

[@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!

[@kentwist8533]

I am music teacher, and I must compliment you sir on your ability to explain these concepts! Brilliant .. I 've learned so much from you! Keep up the great work!

[@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.

[@warriorjennings2733]

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 🙌🏾

[@SirVerrocchio]

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

[@1899Capone]

I have been trying to understand this concept for 2 days now by reading the PAT manual and watching various videos and it was with this video of yours that it finally clicked! You are explaining really well. Thank you.

[@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.

[@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.

[@smileyfog]

Your videos are absolutely super easy to follow and understand!! Love it!!

[@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.

[@sumitkher1899]

In case you are wondering it works or not, to my surprise it is 100℅ correct, i was amazed by the results, thank you sir 🙏

[@gerardoosio]

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

[@strobe227]

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

[@koonsickgreen6272]

I dont get the 1st and 2nd entry short around 14:05. There was clearly a lower low on the left. Does crossing the EMA trigger another rule in counting?

[@ThomasWade]

The entire structure was uptrend, then there was correction working lower and from the lowest point of that correction we start the count. So from the count reset point we are looking for breaks below bars lows. For this reason I counted 1ES and 2ES there, I don't know which lower low on the left you are talking about.

[@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!

[@Loages]

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.

[@SpeedyB0y]

Amazing video mate. Thousands blessings for you!!

[@moreveinsmoregains]

Congrats on the 2k suscribers man!!

[@ThomasWade]

Thanks!

[@andrewcarrasco4405]

Appreciate this video my man. Heard about you on Reddit. You give a lot better explanation than Al brooks so I’m excited to watch the rest of your videos to build on to my edge!

[@yur.vsaibo9187]

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

[@olagold758]

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

[@ThomasWade]

🙏

[@j400ued]

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

[@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 ❤

[@ZerinCustomisation]

Hi Thomas, very good video for us as the beginners.Thank you. According to the video, after we found the high probability setup at the third swing, we entered the trade (timestamp 4:41), and we found the higher high and the swing (timestamp 5:00), may I know, what should we do? Shall we Take Profit(TP) the trade and look for another high-probability setup to enter the new trade? or continue the trade that we made on timestamp 4:41? Thank you

[@ThomasWade]

Hello, this video was mainly about technical count of entries. Money Management is different topic. Me personally I scalp 8-10 ticks in the ES futures market. You can see my live trading videos or trade examples to see my risk to reward and where I take profits and put my stop loss.

[@ZerinCustomisation]

@@ThomasWade Thank you .

[@chipetto21]

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

[@davidhannan7702]

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

[@patrickfoley535]

Hey Thomas, thanks for the video. At around 6:57, how come you aren't restarting your count at zero with the double top of the bull & bear candles? I see how it is the first entry long, but then after the bearish bar forms, wouldn't you restart the count at zero since it was a double top? thank you!

[@ThomasWade]

It is not double top because the wick is much higher on the first bar than the following bar.

[@patrickfoley535]

@@ThomasWade I was looking at the two bars without the wicks. the bull bar that is followed by the three bearish bars.

[@steffenseiler5967]

Just wanted to say thank you for this. I was missing something, and I think this was it cause my W's have definitely increased using this! Thank you!

[@vishalbharadiya8671]

You're a gem. A hidden gem

[@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

[@Robby.J]

11:03 how do you know that that is the start of a downtrend and not a first entry long???

[@ThomasWade]

You don't. Once prices push back below EMA and EMA is not holding that is when you start to understand the correction is stronger. This video was just about technical count of entries. Not going deeper about setups. Just how to count.

[@fiverolltacos]

the tick at 4:50 had broke before the previous doji so how does that not reset the count?

[@ThomasWade]

Eventually yes we would reset the count after that micro double top.

[@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.

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[@H_lucas]

How can I join him? Can I find him on INSTAGRAM?

[@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.

[@armando_zayas]

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

[@JoshDub78]

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

[@JOhnnnnny611]

at 4:43 is the entry going to be one tick above the bullish doji looking bar and stop loss 1 tick below the same bar

[@ThomasWade]

Once there is a trigger one tick above the signal bar you can either place stop buy order one tick above the signal bar or wait for the trigger and dropped your limit order, at the close for example. That is how I do it.

[@dztrader]

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

[@robjtko]

Just another of Thomas Wades many great videos!! Whenever I have a question, T. Wades Channel is where I go for the answer. Thank You Mr. Wade!! I really hope YT makes it worth your wild. Because you sure are helpful to many, many people. Happy Thanksgiving T.W. and GOD bless You Buddy.

[@ThomasWade]

🙏

[@johnsmith1882-x2i]

10:50 how do you know, as it’s happening, that this is a downtrend and not just a two legged pullback?

[@ThomasWade]

It is two legged pullback but EMA didn't hold and signar bar was bearish. This video was just about how to count entries technically, not how to follow price action with rules.

[@nws4714]

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

[@mrscalpers1]

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

[@fearkira9613]

why did you wait till 4el to enter the long position and why didn't you just enter at 2 or 3el around 12:46?

[@ThomasWade]

We didn't go long on the 4th nor the earlier ones because prices broke below EMA indicating correction is happening. We wait for push back above EMA, EMA holding and then we resume buying.

[@JF-Gagné]

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 !

[@highseize3077]

At 11:00 we are in a long term uptrend and looking for longs, why are we considering those first 2 leg pull backs as a down trend and not as the failed 1st entry long and second entry long that we are looking for?!?! Obviously, on this chart we could see into the future and the 2nd entry failed and we continued 2 legs lower, but in the moment shouldn't we count those as a 2 legged pull back??? How can you differentiate a 2 legged pull back from a 2 legged down trend? They both have LH and LL

[@ThomasWade]

Very good question. There are multiple factors there. We shoul count fthose as two legged pullback. First there was a slight overshoot of the uptrend. I don't have that overshoot drawn in this video. But I just went back and drew the trendline and there is a small overshoot. Overshoot tends to lead to break of a trendline or trend reversal. The entire uptrend price stayed above EMA, here price pushed below. Already indicating stronger bearish momentum. The second entry long trade would have worked. This video was just about counting and I used that downtrend move to show how do we count when there is a correction. In normal trading we just count for second entries and if the correction is stronger, we just let it play out and then go long once price pushes above EMA. So the answer is we all treat them as two legged pullback if the trend is still in play. Here we could use knowledge about overshoot to get the idea this pullback can be stronger.

[@peterchin6759]

At 12:20. What if I enter at SECOND ENTRY, since I don't have the benefit of hindsight of knowing there WILL BE be THIRD ENTRY. and FOURTH ENTRY ?

[@ThomasWade]

Second entry is not alone signal for you to buy. You buy second entry if it forms under right context and at key entry point. So if you see good 2EL at key entry point, you take it. If it doesn't fit the rules, you wait. This video was about counting entries technically, not fully explaning exactly price action rules.

[@manishtiwari3486]

Thank you Mr Thomas

[@khorshidtabande9083]

would you please let me know what time frame you work most of the time and what moving avrage number you are using thanks

[@ThomasWade]

I trade 2000 tick chart which is similar to one minute chart and EMA is 21.

[@khorshidtabande9083]

@@ThomasWade thanks you are one of the best forex teachers

[@erictang3529]

At 4:29 , can someone explain to me what he meant by at the EMA?

[@ThomasWade]

EMA is the exponential moving average, 21 bar. The blue line.

[@puobo]

Awesome video as always. I have a qustion: At 14:25 you showed us F2ES. What makes it a failed entry? We see that it's failed only on price action that followed. Is there a way to define it as a failed entry on the same candle that it occured on?

[@sam_so_nice]

as always thanks a lot thomas! very very important and useful video! and as always :D a question... do i need to wait until the second entry candle closed to buy or do i just wait until the price of the candle got 1 tick higher and buy before it closes? edit: somehow this is not working for me on stocks. there are barely second legs :/ what am i doing wrong?

[@ThomasWade]

When your signal bar for 2EL gets a trigger (break above its high) you can enter. You don't need to wait for the bar that is triggering the signal to finish. Some stocks are more liquid than others. Depends what timeframe are you trading. I recommend futures they are the easiest to trade.

[@sam_so_nice]

@ thanks! yeah I think my account is not big enough for trading futures. I would like to learn more before trying future or forex.

[@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]

[@Countstep0099]

These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

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[@2024Red-j5t]

@@Blitcliffe Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 930k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2018, and I return at least $58k ROI, and this does not include capital gain.

[@Petroguest-i4g]

@@2024Red-j5t Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

[@2024Red-j5t]

@@Petroguest-i4g Sure. NICOLE DESIREE SIMON, a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.

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[@yutech2091]

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

[@ThomasWade]

Yes, this is pure price action.

[@nikeshgindwani3283]

@ThomasWade which EMA are you using on the 1 min timeframe? 20/50/100/200? Does this work on all pairs and timeframe? Or only on the ES 1 min timeframe?

[@ThomasWade]

It works on all timeframes. 21 bar EMA for all timeframes. I use 2000 tick chart.

[@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.

[@zjh908]

Would you enter on the 2EL @ 12:26? The bar seems bullish and it crosses the EMA.

[@ThomasWade]

2EL formed below EMA so we don't want to go long below EMA. We would need to wait for HL setup above EMA, confirming this 2EL. Btw this video was about how to count entries, technically. Not taking setups.

[@m9499]

My goodness, this is really well done!

[@forexrook]

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

[@mirzausama4517]

You are genius man. I am loving your channel and this yours two legged pull back strategy has amazed me. I am loving this content. God Bless you. You are a gem. ❤ Love from Pakistan ,❤

[@ThomasWade]

🙏

[@leonnielsen2769]

Great tutorial. I am curious as to know why you @10.45 talk about a downtrend? Live you wouldn't know it will be a move down? Following your price action the first bull bar following the two bear bars, I would expect that to be a 1. entry long buying 1 tick above? Or am I missing something? Thanks c'',)

[@ThomasWade]

You would start to respect the correction because we broke below the EMA. EMA didn't hold. When we push back above EMA, bullish bias resumed. This video was about technical count mainly. Not setups per say.

[@tebogolanga485]

Good day, Tebogo here from south africa. Which time frame are you using on the video? Can I use this strategy on all time frames?

[@ThomasWade]

I trade 2000 tick chart, similar to one minute. Price action works in all timeframes but I recommend 1-5min the most.

[@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?

[@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.

[@ClassicSitcomSociety]

Holy Shit. The best explanation of this Concept ever. Watched alot of others on this topic but you nailed it. Thanks men....

[@5EsHyfdt]

Thank you for this, it really clarified a lot of things for me. One question I have is how do you handle a bar that both breaks the high and the low of the previous candle? Do you count it as both a long and a short entry?

[@ThomasWade]

Depends on the context but yes.

[@AshleySmith-by8wz]

Thank you, I'm a new subscriber, I can say I finally found a mentor l that explained pure price action to support my knowledge that I have with my 1st youtube mentor OV. OV and you does have the same strategy 😊 but i found that yours has filtered and had more confluences to find the highest probability entry. Thank you so much, may God bless you more ❤

[@Batstrings]

AT 7:50 it would be useful for you to show how to get into that up trend, as it looks like you'd totally miss the move by counting entries. missing a move of that size doesnt fill me with confidence about this method of entry

[@ThomasWade]

This video is only about how to count entries technically. Not really taking trades or other aspects of price action.

[@devengohel6945]

it is very easy to explain on ready mate chart. in live market its difficult.

[@ThomasWade]

This lesson was to learn how to count entries only.

[@alisonbecker9959]

11:09 how did this become down trend? Aren't we still in an uptrend since we didn't break the previous swing low?

[@ThomasWade]

We are still in an uptrend. But we cannot buy below EMA. We wait for push above EMA to go long. This video was only about how to count entries technically. So I used the correction lower to even demonstrate count for short entries.

[@alisonbecker9959]

@@ThomasWade Thanks for clarification. I have to say you change the whole game of how I read the chart and trade. I hope God gives you lots of prosperity and blessings. I'd love to see another video like this. Or if you already have one you can send me the link. Thanks a lot man!

[@nagato2464]

Hello. At 3:50 you point out a 2nd entry long on a 2nd leg that's on a lower high than the 1st leg. At 10:45 why couldn't that 1st pullback be part of a continued uptrend 2 legged move? The 2nd leg hits the EMA and I would see that big bullish bar as a 2nd entry long.

[@ThomasWade]

Hi, it is a 2nd entry long and a two legged pullback. This video was just about counting entries and at that point I just used it for counting examples. It still would not advice to take that entry because the bullish bar is too big and your SL has to go below the tiny doji bar. It would be better to enter above the doji bar but price was below EMA...

[@Booker21212121]

at 10:55 you are counting the swings down but with live market since we are on a uptrend we will still be looking to buy. that would be a 2 leg move down trigger at key area (Ema) would that be a match trade for the long side as 2nd entry long and a valid loss?

[@ThomasWade]

You are correct we are still in uptrend and look for longs. The reason why I counted shorts is just simply for the video purpose since it was about counting. That 2EL would not be a valid loss because it formed below EMA. Traders would not enter there.

[@Booker21212121]

@@ThomasWade the 2nd bearish leg ends below EMA. But the the green one that trigger crossed and close above. If the 2bearish leg close below or just below as in this case from EMA it not a high probability setup anymore?

[@ThomasWade]

@@Booker21212121 EMA should hold and 2EL should form above EMA. Yes the second bar was bullish above EMA but our first signal bar is bearish. By the time bullish bar formed, the small scalp was almost made so we would be entering quite late.

[@Booker21212121]

@@ThomasWade I don't see the difference from these other entry from your video. . Why one is valid and the other isn't. The screnshot used for the video preview show price close below ema. The next close bullish above ema and you marked that as a.valid entry. Same as this one from current video. . Video I'm talking about. = kzbin.info/www/bejne/eJTHc55_ntKCn6M

[@ThomasWade]

@@Booker21212121 We are commenting below how to count entries video. It seems you are talking about different one. Please send me an email to [e-mail] with screenshot so I can see what you are talking about.

[@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

[@danblack4326]

I'm confused so please forgive my ignorance. Maybe someone can explain this to me. But surely the bar at 1:59 would be the bar that 'reset' the count as it's high was above that of the the highest high in the trend so far, not the bar identified at 2:19?

[@ThomasWade]

You are correct. The entry I talked about 1:59 triggered when it broke above the bearish bar but it managed to create such a big bull bar that it also created new high that would reset the count. The reason I mentioned the bar after that as a reset for count is strictly because this was the bar that got the break below it and new swing was made.

[@mobilegames1861]

Great video! Would you enter a trade if the 2nd entry is not a strong candle? Or If the next candle after the 2nd entry, closed a strong candle would you enter on this candle instead?

[@ThomasWade]

Most of the time you prefer good signal bar to confirm your analysis. When context for the trade is very good, signal bar matters less but there are more factors to take into consideration. In my videos I generally explain those scenarios.

[@thefloki1071]

Thanks for this video Thomas! Btw, is ther any video explaining about signal bar, extreme, spike, etc. I am new to this type of price action, my thought was doji, engulf, etc is price action.

[@ThomasWade]

I haven't made a video about signal bars just yet now that I think about it. I do mention it throughout the videos though so with time you will understand.

[@thefloki1071]

@@ThomasWadeok noted! Will definitely go thourgh all your beginner guide. Thanks for reply.

[@thefloki1071]

@@ThomasWade btw, you have any book recommendation focusing on two legged pullback or overall PATS?

[@ThomasWade]

@@thefloki1071 Only book I read was reading price chart bar by bar from Al Brooks. But that is not specifically about two legged pullback.

[@nitrospice1222]

What’s the best way to avoid entry and the first candle to make a new high, but fails or doesn’t have a significant breakout? How can we instead wait for the moment the candle certainly breaks out? Thank you. This video has really helped me with a sticking point.

[@ThomasWade]

Unfortunately I don't understand exactly what you are asking. Is there a specific time in the video you are talking about?

[@demetriusm8221]

Great video! Assuming you’re a fellow Al Brooks student, don’t you think attribution is appropriate?

[@ThomasWade]

I learned from Al Brooks back in the day but I trade completely differently if you see my videos. I gravitate more to Mack actually.

[@demetriusm8221]

@@ThomasWade Got it. That makes sense. Keep up the good work!

[@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.

[@balikbayan832]

I have a question, do you consider the wick of candle as high or low ? Or just candle body?

[@ThomasWade]

Wick counts as well. That is the highest/lowest point.

[@Jacques668]

Hi wade. I love your channel. If i may ask what ema/sma period is that? And which timeframe is thais most profitable?

[@ThomasWade]

I use 21 EMA, 2000 tick chart.

[@Jacques668]

@@ThomasWadethanks

[@elmamo2000]

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

[@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.

[@tomfreem]

Trading! 10:49 - why we say we are in downtrend if everything is up? A bit confusing, I need to learn this. I would look for long entry. EDIT: Seems like at 12:10 this explains my confuse why it is downtrend 😊

[@ThomasWade]

Hi, this video was just to cover how to count entries technically. We are still looking to buy, you are correct. All setups are below EMA, only after we push above EMA, we can go long.

[@tayvezzyflexvlogs1157]

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

[@ThomasWade]

Haha thanks!

[@lenguyenkim6318]

Thank you so much. This is gold lesson!

[@thefloki1071]

Thanks for this Thomas! How to get 1000 ticks chart in tradingview,

[@ThomasWade]

I don't think trading view offers tick charts. I would suggest 1 minute chart.

[@thefloki1071]

@@ThomasWade my instrument trading hours is limited to 10.30am - 12.30pm, 2.30pm - 6.00pm and 9.00pm - 11.30pm. so there is some gap up/down may occured. Which TF will you recommend to use? Thanks in advance!

[@ThomasWade]

@@thefloki1071 What instrument is that? 1-5 minut charts are great,

[@thefloki1071]

@@ThomasWade it is futures palm crude oil. Malaysian market.

[@JayKay4347]

Not sure if this is a silly question or not. I'm just getting the hang of reading the candles, so in a bullish trends I should be looking at the top of the candle for the 1EL and for bearish trends I should be counting the bottom of the candle for the 1ES is that correct? Not sure where i should have my eyes when counting for entries.

[@ThomasWade]

Correct. In bearish trend you count from each new low. From that low you are observing if there is a break below bar low for entry short to trigger. Same as uptrend but vice versa.

[@JayKay4347]

@@ThomasWade Thank you so much for taking the time to answer my question

[@Kedarnathtube]

Dear sir This is totaly amazing and the way you explained is amazingly perfect. Please advise weather the price action works on the option charts I mean to say if I apply the price action on charts of call or puts of a particular scripts does it works. Kindly advise and thank you so much

[@ThomasWade]

Price action is universal but to trade options you need different type of risk to reward and money management. I am trading futures so I cannot really advice on options.

[@daveyhill8269]

Is this specific to tick charts or can this be used on a time chart. I ask for those that trade futures after hours and tick charts can be quite choppy.

[@ThomasWade]

It does work. Here is the video: kzbin.info/www/bejne/nojNhqOVecuSqpI&ab_channel=ThomasWade Tick charts are more symmetrical and allow us to see more details. If you think it is too choppy after hours you can lower your tick chart.

[@magicmoja6356]

Hi Thomas, at 10.48 you say, that we are now in a downtrend. In retrospect, it is easy to see, but at the time I can't know this. I am above the EMA in an uptrend, we have still higher Highs and higher Lows and normally I would be looking for another Second Entry Long. But that would have been a Loser at that point because only after the Fourth Second Entry Long the market rises again. So what are for you the criteria no longer looking for a Second Entry Long or Short and to change the counting method from Second Entry Long to Second Entry Short and vice versa. Thanks for your answer.

[@ThomasWade]

The 2EL would have worked had we entered above the doji bar. Had we waited for the bullish bar then yes, it would be a failure. But don't get confused here, I didn't mean to hint we should be looking for shorts. I simply use that downtrend as an example how to count entries. That's it. This video was only about counting entries so. Overall you are right ofcourse, the trend is up and we are not looking for sells... I just used that downtrend to demonstrate how to count entries.

[@magicmoja6356]

@@ThomasWade Hi Thomas, thank you very much for the quick answer. OK, I understand, that the downtrend was only used as an example for counting 2ES. But unfortunately my real and most important question has not yet been answered: What conditions must be met for you, so you change the counting method from Long to Short and vice versa? Is it a pattern or the end of a second leg or crossing the EMA or a combination or other things?

[@ThomasWade]

@@magicmoja6356When the trend plays out. After a trendline break and a new high is made I start looking for shorts after reversal pattern. On strong uptrend days I will not look for shorts unless following downtrend gets confirmed.