How to Find a High Probability Trades while Trading

[@juliemartindale8511]

I had my first straight 5 wins using this strategy on my trading view demo account. Thank you so much. I am now able to put together everything I learned over the last 8 months from many prominent trading masters. I believe that I should be able to go live very soon

[@ThomasWade]

It takes time to learn price action just like any other skill. Make sure to not rush, take things slow and prove you can do it on SIM first.

[@Precept71]

Thanks Thomas! Love the consistency!

[@chris-ew9wl]

I've been binge-watching your videos. I knew about the strategies/rules from Mack. But your videos really make it obvious and it really helped cemented the foundation. I'm glad you showed us nuances and also your losers, and tell us how to avoid them. Thank you, Thomas! Looking forward to more live trades. Also thanks for the tip of adjusting my risk-reward ratio. I was really having a hard time scalping just 4 ticks and losing 8 ticks, and most of the time SL is bigger than 8 ticks. Sometimes I lose one and I have to win 3 times just to break even (because of the commissions). Now with a bigger profit, one loser won't bury me deep and I can still recover the day.

[@ThomasWade]

I am glad you like the videos. Excactly, scalping for only 4 ticks was also the reason why I wasn't consistent. Really 1 looser can wipe ou 3 winners and that is insane.

[@debasishbiswas1673]

thnx man...most people makes it complicated but you explained it very clearly..I use similar set up..trendline, ema, mean reversion, sometimes fib for swing high break reversal..ie..113.6 and 127.2 reversal

[@kiritsuchak5320]

Nice and learning video ,thank you sir

[@douglashill3190]

you are my number one for YT videos..... keep up the GREAT work.... thank you

[@ThomasWade]

Haha thanks for number 1! :)

[@Limem_Iyed]

Hi Thomas and thank you for everything you are doing for the community ! I have a question concerning the stop loss , when you said "Stop Loss - below signal bar (around 10 ticks)" does that mean 10 ticks below the signal bar or all the stop loss must be 10 ticks ? Coz I was backtesting the strategy and I found that sometimes the signal bar size is more than 10 ticks. I noticed also that placing the stop loss 10 ticks above the signal bar resulted in more winning trades. Your opinion is much appreciated ! thank you

[@ThomasWade]

Stop loss goes always 1 tick above/below the signal bar. Doesn't matter how big the bar is. I said it should be around 10 ticks because that is on average what your SL is going to be, not a rule. 1 tick above/below bars. You can see my live trading to see how to manage positions.

[@madoudembele2108]

hi thomas your lessons are really relevant, and thank you for a great job. I would like to know if you give training on price action outside the KZbin channel?

[@ThomasWade]

Not yet, but since people are asking me I am going to pay somebody to make a website and maintain it. And there I will do more in-depth content, consulting etc. I will do it after I have reached 1000 subscribers, that was my initial goal, just to see how people react to my video. We will see...

[@madoudembele2108]

@@ThomasWade ok thank you

[@chilidog73]

So Thomas, can you explain to me why in this case you are drawing the trendlines on the pullbacks instead of the up moves?

[@gauravpausker3298]

Hello sir how can i add tick charts to tradovate? Or trading view

[@ThomasWade]

I don't think tradingview has tick charts. 1 minute is similar to 2000 tick chart I use. Overall 1-5min are great.

[@sirbreakemstuff]

I've been memorizing your strategy but the setups and reversals are not like you instruct at all. Is it because I'm trading crypto? Have you traded crypto and has this worked for you? Any feedback would be much appreciated!

[@ThomasWade]

I am not a big fan of crypto day trading.

[@mariuscornea6227]

Hi, Thomas. What's your opinion about trading the same strategy(2LPB) with NQ? Maybe you will make a video(s) and explain your point of view about NQ market. Where you will set your SL, TP, Scalp size, R/R, etc. Talking about volatility, it's good or bad trading ES vs NQ. I would like to hear your thoughts and some trade examples, even on a sim account. Thank you. Keep going with your cool work.

[@ThomasWade]

For sure you can trade it on NQ. Price action works in all markets. In fact one trader that I talk to regularly trades NQ 1 min chart the same strategy and he is doing great. I would just prefer to find some good tick chart, that mimics 3m chart or 5 min chart. I just really like tick charts, they give us a little bit more detailes, but time charts are fine aswell. When it comes to money management, you have to find that on your own. Just try to gauge what the average stop loss would be and make your scalp similar size. MM is going to be slightly different in each market but the idea is the same, scalp and run(swing) portion.

[@mariuscornea6227]

Thank you for your answer.

[@bassiemotshoeneng3296]

What timeframes are trading

[@ThomasWade]

This is 2000 Tick chart. Similiar to 3 minute chart I would say, depends on the volatility.

[@rukkit8705]

Did you learn this from PATsTrading?

[@ThomasWade]

Yes and Al Brooks. These two price action traders introduced me to price action so my style of trading is derived from these two traders. I just had to adjust some things and add what I have learned.

[@yur.vsaibo9187]

just like thanks

[@palek555]

8:01 "we're just trapping the people who dont know what they're doing and we're taking advantage of them" man, trading got dark fast lol

[@ThomasWade]

Not really, same thing happens when we have a loser.