Trading A Price Chart Bar by Bar | Price Action Strategy

This video highlights one of the best scalping strategies that can be used in day trading. Whether you are trading forex, crypto or indices, this Scalping strategy will work incredibly well. This Scalping Strategy also works on any time frame and can turn into long term position holding.

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 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.

Date April 18 2022

If you want more advanced Trading tips, strategies and trading community.

#Futures #Stocks #Forex

[ZKRTC]

great content thomas thanx for sharing

[joelmattsson-boze]

Great explanations again. Thanks for the reminder to do your thinking beforehand and once you have made the trade, leave it alone. I am learning to trust the market and the rules. Thanks. Getting much better at reading the market.

[JwlsMambo]

Love the explanation!! great for newbies like myself!! Thank you 🙏!

[chrisparker]

Thomas. Can you please define a failure. When does it become a failure? Thanks

[Tradingaliving]

Hi Thomas, first of all thanks a lot for all the content and all the effort you put on the videos. I have a quick question, at minute 18:28 you mention a 2ES, it is a bearish bar making an slight higher high than the candle before, although that bar doesn't go below the last candle LL you still call it a 2ES. do you call it 2ES because it is a red bar or am I wrong?... I was thinking that a red bar by itself doesn't make an entry short....I thought that for a bearish bar to meet the criteria of an entry short it needed to brake the last bar LL at least for 1 tick. (pardon my English) lol

[kend]

Thomas, I read below someone mentioning that you go too fast through your review (I think the comment got deleted, I don't see it anymore). I disagree with this. You move through the videos at the appropriate pace. The content, coverage and delivery of your videos is more than anyone can ask. It's perfect. Your videos really benefit the intermediate to experienced trader. The majority of traders that watch these type of YouTube videos are probably beginners. People looking for a quick and easy way to make money. Once things start to get complicated they shut off the videos. Maybe this explains the analytics. I am not sure what kind of audience you are striving for but as a consistent viewer, I wanted you to know that your videos are perfect. If they were longer that would be even better for me, I watch all of them to the end. I just wanted to provide my feedback. All the Best, Ken

[JoshDub]

Thomas, what did you mean at 4:02 when you said "I want to stay on the right side of the market so I'm going to draw this trendline..."?

Can you explain how that little trendline keeps you on the right side of the market? Thanks, man.

[jasonmitchell]

Thomas, how did you study to learn PA? I have Mack's 'manual', and I SIM trade, and I've been in the markets since 1998. I can point out second entries, failures, etc on static charts, but live, I just can't seem to see the 'whole picture'. You're decriptions of what going on and what you are expecting are excellent and seem to be what I'm missing.

[joelbrock]

Thank you again Thomas.. Your videos are perfect. I learn every time I watch your them. My question is there a book or manual that explains trading trends. What I mean is, what to expect when a trendline is broken or what to expect if an overshoot of a trend line occurs. The only way I've learned anything about this stuff is through your videos. I've read a manual or two about trading (not going to mention names) but there is NOTHING in that manual that gives any detail about the expection of trendline breaksare or even ranges rules. The only thing the manual says is to draw trendlines off the first 2 swings of a trend and fade off the top or bottom of ranges. I watch his videos daily but the rules and details are fed to us like tiny bread crumbs at a time. I did buy Al Brooks course and going thru that as well. Again thank you for awesome videos.. I'll keep watching and learning from you.. 🙂

[bubeythomas]

These past few days watching my crypto portfolio decline is very disheartening. Holding doesn't really profit much. Any idea on how to earn better on the short run?