3 Step Process To Finding The Best Entries - Price Action Trading

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 price action trader you need to find the most profitable ways to enter trades. The highest probability setups are 2nd entries at the key entry points.

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

Date January 6 2022

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

[hayze]

awesome chart review.
Thank you Mr. Wade
Cheerz

[archhangell]

Thanks a lot Thomas...I use Al Brooks setups but each and every video you make/post here helps me out further grasping market to another level. Thanks a many :)

[undertheradar]

Man, seeing the live trading like this (vs just looking at previous charts) is really useful

[GucasPucas]

Thanks for the content as always Mr wade. Have a great weekend

[whostan]

Thanks for another excellent video, Thomas! Your insight about late second entries is very useful. It's not something I was aware of before.

[metamorphai]

Excellent review, thank you for this thorough bar by bar on a Friday. Cheers to a great day.

[rideroftheforce]

Made a personal best trade today. On that big down trend right after market open I got a couple shorts including one massive runner that got me $1, 251.38 in profit (My runner was $1012.50 from 3857.75 to 3837.50.) Literally 20 minutes and I was done for the day 🤣 I wasn't going to risk losing that money
You, Thomas said that the downtrend there was too far away from the EMA to enter, and I guess your right but those pull backs were way good looking and tempting for me not to take them. I got lucky today but will have to remember to sit on my hands in the future.

[Hanafimaslak-UK]

Thanks to share these kind of videos...if you do it on daily babsis that will be great

[CosmicClip]

Great video again! Just a quick question. When can you justify going long under EMA like at 15:20, is the trendline a good enough entry point so EMA doesnt matter as much?

Thanks!

[learnsuccess]

Great analysis. Thanks. can you share your knowledge about trailing SL in different context.

[gabrieldeoliveira]

Hey Thomas, big fan of your videos. What platform have you been using to chart and take your trades? I'm very fond of the way it all works. If anyone else knows I'd appreciate any help. Thank you!

[turtletoes]

Was the first trade a double trap or a 2el? Because I took it on that 2 green that you said your self was the 2el, I instantly got stopped and then went back and triggered the "double trap". After losing the trade I was quite tilted, and I noticed the first red bars never broke lower, so wouldn't that not count? So really where you entered (where I should've entered) actually be the full 2el. I beat my self up all weekend over it because I was 100$ away from passing two accounts and that trade messed me up hard and now I'm soo set back

[janmeijer]

Thanks Thomas. I have a hard time the identify the HL of LH in real time, and also I find to hard to understand it in you video’s. Is there a specific video where you lecture the HL/LH? Or can you give a lecture of this topic? Thanks in advance!!

[dztrader]

Hey Thomas. You need to review your management of runners especially in range days.
Btw i too exited the second trade you took at break even

[RAHUL]

Are you using 5 mins chart? Can we apply on 15 mins chart?

[traderzzz]

is it normal for different platforms to show different candlesticks for the 2000 tick chart? always slightly different than yours.

[abishekrai]

if the screen was black we could see better

[jackseidou]

What's the time frame you are working on ?

[FabriceCorbin]

Last year was so tough on me . I lost a lot trying to invest in cryptocurrency and yet I know people still make money from crypto. Please is there something I’m not doing right? ?