Price Action Core Structural Patterns For Day Trading

Free Trading Training Content

Date July 19 2024

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

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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.

[IntrovertTrader]

Thanks for the video Thomas. I ended up taking that first 2el in your video today. Feels good to end the week with a green day.

[operationsin]

Not liking this kind of vigorous day, often find missing limit orders and large signal bars, still have to learn controlling my mind in these situation, losing friday is like a pattern for me now, good that I could still control it to -1

[darylbaptie]

Thanks as always Thomas! I took the LH set-up at around 4min of the video, great to hear confirmation that it was a decent setup. Have a nice weekend!

[GuyWithOptions]

I’ve been watching your videos and following the thought process. On the pull back from a higher low/lower high, it helps if a support can be marked. Firstly, Helps to make a support and secondly creates channel for further movement in price. Do you use X? It will great if you can link up there! Love and praises from India.

[zaunissy]

hello pls at 1:43 why is that a second entry long thank you

[Chumameribe]

Hi Thomas,
Do you have another chart screen where you do analysis or it’s just only this one screen. Also, do you leverage Order Block indicator?

[hibazainaab]

Hi thomas could you tell me which ema do you use?

[CatCrewsade]

Since this is a price action I can use it to Forex right? I backtested this on S&P500 still working on it.

[gundushankerrao]

Hi Thomas
1 min candle or 5 min candle

[jamesesparks]

if you were trading nq what tick size would you use? or what is the equivalent nq tick size anyone?.

[Ines-dpdv]

Wieviel Punkte sl nehmen Sie beim DAX? Danke.