Scalping High Probability Setups With Price Action

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 April 24 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.

[@chiken234]

Hard day for me. Thank you for the review Thomas!

[@suecrewstudio8994]

Thanks a lot bro!!! for your time and master class.

[@rubenjuarez9713]

Thank you Thomas

[@DT299_]

Thanks👍

[@Archer441]

Thank you, 1-0 today

[@Robby.J]

really interested to see what you say about today Friday 4/26 at 11:19am EST. To me, the wide large uptrend played out with the break and new extreme, then we sell hard below EMA then it looked like a textbook F2EL bounce off EMA and a 2ES double bar entry for going short. But that also failed... luckily i was in my sim account haha.

[@Robby.J]

I'm guessing now that it was because we were so close to the bottom of the large sideways trend range...

[@marcusvon2477]

I blew 2 of my PAs today. It was so frustrating seeing 20point - 30point swings with no entries. Then the strong bullish channel later in the day that never got a new extreme was the death blow to me. Super frustrating day. The characteristics of the market movement just seemed so different today than what its been.

[@ronnieg2961]

The fact you recognize the day you had shows improvement, keep at it!

[@slagovic7850]

Keep in mind, there are like 1 / 2 high probability setups in 1 trading day. Sometimes even zero. You are not gonna find em easy. Patience pays of, just keep reading te market. If everything allings, take te setup, if not don’t be frustrated. It’s part of the game. Like the video of today, a good setup right before market close (F2ES / HL). I was also waiting all day just to get that setup at the end, but it was worth it.

[@ThomasWade]

When the uptrend didn't get a new high that doesn't mean you are still blindly buying below the EMA though. You still need rules to align for setup to be a high probability setup. Use this as learning experience to never take impulsive trades.

[@amitgupta-vy3ct]

Hi Thomas, at 00:30, there was a small uptrend and then almost an equal retracement. I often face this doubt when there is a deep retracement, how do you decide that which new extreme you are going to look for and which not. Like in this case after the uptrend, the bearish correction was very deep, so how did you conclude that you are not going to look for new bearish extreme ? Or say that even after such a strong bearish correction what makes you conclude that you are still waiting for bullish extreme to get tested. Could you please help me understand. You explained a bit in video, but I could not really understand it. Could you please elaborate it a bit more. Also, After the bearish correction gets over and uptrend starts again, you mentioned that since we pushed above EMA, we are no longer looking for a new bearish extreme. But then when bearish correction started, that also pushed below the EMA, so how did you conclude that which test of extreme you are going to look for Please help me in understanding this

[@liam7205]

Hi thomas, I'm new to trading, I'm in crypto I really like your method of trading. I watched bunch of your videos but I don't understand. Can you please suggest me which of your videos should i watch to learn your way of trading from scratch? God bless you ❤

[@ThomasWade]

Either watch the several most popular videos on my channel or watch main videos in the video description.