LEARN DayTrading PRICE ACTION - Market Cycle Fundamentals

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 June 21 2023

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

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[peterlangkamp]

One of your best videos!!! Keep up the good work. Learning a lot from you.

[AhmadYousef-dg]

You are hands down one of the best price action trader I came across thus far! I learn so much from you everyday. Love these videos Thomas!

[dravi]

After following you and watching most of your videos, my trades success rate has been Increasing ...thank you sir❤

[bombast]

Always look forward to a new video and I always learn something - thanks!

[tess]

Would love to hear more about the F2ES above the EMA as you explained. Cause sometimes it just a small tail that touches the ema or would you like to see F2ES/F2EL more the better above/below the EMA ?
Love to watch and learn! Great video's!

[PersonalTrader]

At 14:48 I saw that as a slight break and new low so I didn't take the second entry short that failed... Just had the channel a bit tighter

[grdgrrgdg]

for setups like the 2EL/F2ES at 11:15 chart (13:15 video) do you put your take profit at the new extreme like around 4420 level or do you still only take 2-2.5 points?

[jamest]

I trade this way using options, would you still set your stop below the signal bar or use a stop loss percentage? I have been green then last 6 or 7 days.

[itm_randy]

hey Thomas at 17:47 you mention that after price breaks the opposite side of a trend channel - on an overshoot, prices can still form a new low/high; is this the expectation w/ overshoots? i thought price normally reverses completely

[jerryquafo]

Thomas, I am a newbie, may I know the platform you use to analyze your chats. Trading view doesn't present the setups to me like yu have on your chat.

[felixbruel]

hey Thomas, i know you trade S&P but i cant find the charts you are using on my Ninjatrader do i need a broker for this data ? If yes wich one would you recomend ? I do have the CME live data plan from NT. Could you help me please ?

[bhushanrai]

Thankyou sir for making such videos
2000 tick means how much minutes

[GilbertWoon]

Thomas, is this applicable to higher time frames? Can we use the same approach to analyze charts on higher time frame? my impression is that everything is in a pattern from higher to lower time frame so logically the same principle would apply right? Will appreciate your further insights.

[Archer]

I got trapped at the trade at 6:30. Was expecting new low. It was a strong downtrend so I risked the bar being in the middle of EMA. Still think it was a good trade . Ended green so no big deal

[atrading]

6:46 Why not mark this triple test with a perfect signal bar closing super strongly above the EMA after a double test of the very lows? I saw it was clear it was about to test the high of the range and at least be good for a scalp.

[linhondoncoi]

for your EMA, what number is it? Thank you for your help.

[khorshidtabande]

hi in one minute chart i can find high probability entries based on your teaches but execution is not happening right in the confirmation bar so the set up is not what i expect most of the time, is it because of high commission of the broker? or it is about the currency pairs?

[zackbyzker]

Very informative as usual. Its crucial to post analyse the market at the end of the day. Keep up thomas, we appreciate you. One question though, i cant find you on Instagram, there is a page with your name and logo posting some wild screenshots of forex gains lol. Typical scammer😂