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

[@zr0limits739]

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

[@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!

[@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 😍🤩

[@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!

[@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!

[@SirVerrocchio]

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

[@gamerganguk5846]

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.

[@smileyfog]

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

[@j400ued]

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

[@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 🙌🏾

[@SpeedyB0y]

Amazing video mate. Thousands blessings for you!!

[@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 ❤

[@chipetto21]

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

[@coins_coconuts]

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

[@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.

[@JoshDub78]

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

[@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.

[@mrscalpers1]

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

[@GABRIELE-gm4cs]

Congrats on the 2k suscribers man!!

[@ThomasWade]

Thanks!

[@gerardoosio]

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

[@davidhannan7702]

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

[@JoeCoIIar]

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

[@sPacEBallOOn]

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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[@strobe227]

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

[@armando_zayas]

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

[@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]

🙏

[@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

[@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.

[@lenguyenkim6318]

Thank you so much. This is gold lesson!

[@m9499]

My goodness, this is really well done!

[@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.

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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]

🙏

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You're a gem. A hidden gem

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

[@dztrader]

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

[@elmamo2000]

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

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Thanks for the video!

[@YUSUPH_ng]

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

[@D.roro1524]

That's a Wonder your explanation! Thank you.

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

[@calivinio]

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

[@Philipwilder88]

Really great explanation Thomas. Thank you

[@randyroberts855]

awesome stuff. thank you

[@jaynarayanhembrom614]

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

[@niro56]

Thank You so much!👏

[@SublimeRomance]

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…✌🏾

[@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 !

[@earlybirdpips]

Thanks for the good education.

[@matjazb.157]

Excellent video! Masterpiece! Thanks a lot.

[@hinhtran4758]

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

[@Saika811]

Thank you!

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Thanks for clean explanation😊

[@kingzmen001stocks3]

i agree you have changed my trading im sticking with you

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You are the king man

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[@ThomasWade]

🙏

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you are the best mr thomas

[@rktrader7744]

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

[@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?

[@shiree8]

Cant appreciate enough. You are a legend.

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WOW YOU ARE THE MACHINE OF TRADING

[@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

[@PyDataScience]

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

[@tomfreem]

Trading! Good explanation of first and second entries 🎉

[@yutech2091]

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

[@ThomasWade]

Yes, this is pure price action.

[@sephtading6140]

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

[@cq7415]

Thanks. You explain great.

[@bigdaddydraco]

thank you man

[@madhavantamil199]

Thank you soomuch ❤❤❤

[@tempemail5337]

Thanks for the detailed explanation. What I don’t get is why some traders go for 1 point targets when all they could do is move their stops up as price advances. Reducing risk on stops and gaining opportunity to lock in targets. All that waiting and counting for 1 point, especially on micro ES minus all the fees and commissions seems like a waste of time, I guess I don’t see how they will get wealthy risking all that money and time for 1 point. I know on regular ES contracts 2 points a day X 2-3 contracts would make a good living if done consistently minus taxes. Looking for 2nd entries then riding the swing trend with higher highs and lows would make more sense to me. Stop loss risk would take care of itself on 1-2% risk per trade or less if moving stops to break even as price advances in your direction. To each their own.

[@ThomasWade]

Fair point. I actually tried something similar like that but it is just very hard to execute in live markets. I go for 2 points. Generally you have to wait for price to go past two points for you to move SL to 2 points break even spot. Price is retracing so much that you are generally not able to do this. You will get your scalp and price will pullback. If you can do it consistently live then definitely let me know. I would be interested. But if you go for 1 point, you can wait for price to hit 5 ticks and make the ATM to move your SL automatically to 1 point break even spot.

[@tomfreem]

Trading: great info about counting entries.

[@AMRITPALSINGH-rq8zm]

Thanks wade brother god bless you 🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻

[@jackypeyronnet6153]

Fantastic ! 👍

[@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.

[@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

[@MaxTyco]

That was great

[@4am206]

"why is this a new high? because this is a new high" nice bro lol

[@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.

[@tayvezzyflexvlogs1157]

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

[@ThomasWade]

Haha thanks!

[@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.

[@ukulelebatz]

Thanks 😎

[@cowboy5939]

Thank alot

[@jorgeparra9894]

best explanation of the second entries

[@ThomasWade]

Glad you find it useful!

[@Thebulltrader_pk]

You are genius ❤

[@donnacottle9713]

Anyone using this method trading with btc or any crypto? What qualifies the break of a leg when counting the legs?

[@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.

[@lemagicien9182]

Hey Thomas, I had a question on counting entries. Does the entry count reset when a new low forms even when looking for longs or just when a new high forms from the previous high?

[@ThomasWade]

When new low forms you reset the count for F2ES. But counting for 2EL you reset the count with each new high.

[@max220191]

You should assume outside bars and inside bars as the previous candle. Will smooth out your swing counts.

[@YusufOmanov-gf7ft]

👍👍👍 thanks bro

[@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.

[@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.

[@babybird4817]

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

[@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.

[@HigashiBashi]

Do we have to wait for the signal candle to close or do you enter/count the entry even with a 1 tick higher but still not closed bullish candle?

[@ThomasWade]

Technically it forms once there is a trigger but we always wait for signal bar to finish if we want to actually enter. Because it can easily reverse and setup may not form.

[@briant9966]

thnak you thomas

[@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.

[@ShafaqIftikhar-pw9ld]

Killler videos. Thankyou for your knowledge!!!!!