Bar By Bar Price Action Trading Strategy

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.

Free Trading Training Content

Date July 5 2023

Time frame - 2000 tick chart
Instrument - S&P 500 ES Futures
Indicator(Supportive) - 21 bar EMA

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[reachsandy]

@thomaswade, Thanks for this video lesson. I would like to ask on the clip around 13:33, there was a break and new high formed, followed by a LH. The signal bar was tier 1 as well, wanted to know as why didnt you consider going short on the that LH candle, ofcourse it would have been stopped out but wanted to know the thought process around this.

[jacobgierke]

Today wasn't a great day to trade. Thanks as always Thomas!

[Phoenix]

Do you recommend Al Brooks' course?

[MindScopeArcade]

Is anyone a member of the Thomas Wade academy? If so thoughts?

[davidlanceregalado]

this is hard to trade- i blown out a evaluation account because of this.. can you also show us how traders do a back test, they always mention about a back test..

[LaoufiKadda]

iam using the demo account and my chart get differnt but when i recconecct it get the same but just for a hile and its returns diffrent again what should i do ?

[jg]

Thank you! I find these videos very helpful. Do you wait for the candle to close after the signal is triggered, or do you enter as soon as the buy is triggered?

[stevonwilkinson]

No trade day for me, I seen the false break in the direction of the trend even tho that's a high probability set up I always avoid chop in general. Thanks for the video Thomas

[zackbyzker]

Today was a hard trading day for me! I definitely need more knowledge and experience in the market which im currently accumulating right now. A great lesson i learned today is to never trade after i hit my daily profit target. I was up +500$ at the beginning of the day. Instead of stopping and enjoying my life, i kept trading and ended the day with -1000$ lol.

[yalahamike]

Thomas...I encourage you with sincere love, that you take your trading to the next level, and look for GAP FILLS at key entry points as well. These gap fill entries at the 50% level can be played with limit orders with a high probability. Also...you need to consider micro channels and wedges within the 2kT price chart at key entry points. You are missing a lot of good setups by discounting this.

[newtonbabu]

Because of the white background, ema could not understand anything. What was the problem if the color of ema was changed?