LIVE SCALP TRADING With Price Action - Identify Bullish Trap Setup

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 a retail traders is to follow their footsteps and get the piece of their movement. As a price action traders we need to find the most profitable ways to enter trades. The highest probability setups are 2nd entries at the key entry points.

Date August 17 2022

2000 tick chart
S&P 500 ES Futures
21 bar EMA

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[tradingjamie]

Thomas, Thomas, Thomas... thank you so much for this... pure and utter gold. I'm so grateful for these videos, I'm learning so much between yourself, Macks PAT and Al Brooks - but you're videos are so much clearer. Once again thank you

[Tampanda]

Love your vids. I'll watch every day. So helpful

[ChompskyChompChomp]

Excellent trading today Thomas! You really inspire me to be better every day!
Love the live videos. Helps to reset my perspective while trading!

[Rohan-ewfh]

Thanks Thomas for the video, I wish I could find those repeat patterns like you do. Great video.

[FuturesDayTrading]

Love the analysis and the naked (pretty much) charts. Not my style but cool to see it working for you. I need order flow! haha.

[annam]

Hi Thomas. The 2nd trade that you took at 5:01 the signal bar is not yet done and you entered. When is this ok? I usually wait for the SB to finish forming

[pepecoco]

Thanks for the video! Getting clearer everyday!

[collinssolver]

Thank you very much for the content. I am slowly getting it

[jasonmitchell]

Incredibly lucky on the first trade as it was as your signal bar was a massive bullish bar, and your entry was only about 3 ticks above the ema, and on an inside bar.

[samnemo]

Thank you for excellent content! How can I join your Trading Academy?

[imrichvizi]

Hi Thomas, I think what you do have inner value, so thank you for what you do. You are talking around 6:00 min of video, about too wide structure, however I do not understand this idea, I still see some risk in your trade on about 9:11 am, cuz I can see there bull uptrend, that is imperfectly but still mostly above the EMA and from my point of view, you are shorting into bullish trend line. I see that previously it was mostly bearish and also there is range where prices can fail in breakout, but I still can not go through this seeming uptrend which scares me. Is there some video of your's or some other source where I can learn more about this idea, cuz I am not able to get it from what you say in this particular video. Thanks a lot.

[kevinmumm]

Thomas, what trading platform do you trade on?

[natandotan]

Thomas, thx for the video. A question here: with lower high(2:19) do u need it to firstly tick higher and then close at its low or any lower high will do? thx son

[angelmaldonado]

How many charts are you looking at when trading the ES ? You said you look at the 2000 tick, 2500 tick, 10000 tick, 5min, are you watching all 4 charts at the same time when you trading?

[brunesi]

Second entries long at key entry points should be considered only when close is above previous high, or a positive candle (close>open) with higher high would suffice? For instance, say, if a candle has <= 25% top shadow it could be considered a good health trigger candle?

[Booker]

Hi, on all these trades RR was less than 1:1. Is that ok? because you have a high win pct with these high prob setups?

[aminsadak]

Hi Tom, can you please shoot a video on BTC/USDT chart and see if the same rules apply?
That would really help.

[alexanderbobrovitskiy]

Please, put on the chart what scale and what ticker or index you are explaining. Thank You!

[zenoo]

Believe it or not Thomas, this morning when i saw your first trade 2ES downtrend still need a new low with the bearish inside bar as a signal bar i marked on my chart " Thomas Wade style " 🤣 i didn't took it because i wasn't sure if we the short term uptrend was still in play and i was scared by the ema and the begining of the bullish imbalance .Maybe with experience i'm gonna be more confident to take this kind of setups . Thanks for your videos bro

[jayjay-brxv]

Hi Thomas, thanks for what you do. I want to know as a beginner, how many good trades should I take in demo account before I use real money. I have tried to use real money and did lose right away. Now in demo for about 2 months. If I have 50 good trades (2-3 per day), is that a good indication to start with real? Or should it be more? Please give me some insight.