thanx again for the analysis thomas , i blew my account today (funded) after taking some very bad trades , i continued to trades sim after and after cooling my hade ( while it was too late ) i manage to make a huge profit , i wish someone told me what u told at the end of the video , keep up the good work thanx again !

IMHO: It is the best Channel about PA & 2LPuB, many Thanks

I'm catching most of the winners but I have too many mistakes. I went back and retraded this over and over this weekend until I got it right. Thank you!

Thanks Thomas - the more of your videos I watch, the better I get!

Thanks Thomas, I've been improving my trading thanks to your detail explanations. Now my charts are marked like yours :) I did get suckered into the higher low at 25:27 and didn't scalp by 1 tick. It is what it is, I left my target at 12 ticks because I was expecting the new high, as that is the rule. I'll get it next time.

I ❤ what you said “confusing”. When it’s confusing especially in consolidation don’t trade

Consiceful?? I had to look that up to see if it was an actual word. 😂😂 Thanks for the video. Your thoughts on the trades are incredibly helpful.

@ThomasWade

2 жыл бұрын

haha! Looks like I just made it up.. oh well

4:30 NOTE: any counter trend move that breaks above or below the EMA should be considered as a MM TRAP. See chart examples. Minimum requirement is spatial awareness. Meaning where is the strong high or the strong low = trend bias. 7:30 Expect 'corrections' while the market is trending and expect reversals at key levels such as PDAs/ or top - bottom of ranges, where large liquidity pools will be resting. 8:35 Chart example of MM trap with bearish bearish breakout below the channel. MM traps aggressive bears. 10:30 Bearish inducement at previous short term high. Choppy heading south to the RANGE LOW. MM Traps short sellers THEN quickly reverses with strong energetic bullish move (visible displacement). 11:30 Market making HH HL HH and HL remember any move below the EMA (during a bullish move) should be considered a trap. 15:00 At the top of the range - expecting a REVERSAL. 17:20 When the market BREAKS OUT of a Range. What to expect when ** analyzing ** price action *** Note the market is riding the EMA down - it never breaks above the EMA! The market tagged the EMA 4 times and never broke above or closed above bullish. Your job is to find 2nd leg entries.

Very helpful! Thanks Thomas.

👍Thank you Thomas. Another great training video.

Thanks for this video Thomas! Such great clear explanations and examples, it clarified a lot for me.

Thomas. You are great mentor. This lesson on dealing with ranges was very helpful. Your efforts to produce and publish this content is greatly appreciated. Sincerely /djb.

Thanks Thomas. Very helpful! Thanks

really great video, i learned so much from your explanations on this one.

Thanks Thomas it is amazing how close our trades are. Also trading ranges are now the easiest way to trade thanks to your explanations. One thing that I had different was at 7:48am (central time) there was a high with a second entry long at 7:58am and you ended up taking the failed second entry short at 8:04am a couple bars later. Either way they both worked!

Thomas, Thomas thank you again, you have no idea how much you have helped me with my trading

Thank you so much. this is probably the most helpful video you created (for me at least)

Thx Thomas you're the best teacher bro

Good video and good word about not having to understand every part. Sit it out if you don't understand. Thanks again.

Thanks, Thomas

Thanks Thomas. Good information to review especially lately with ES trading sideways

Speaking the trouth, brother 😎

Thanks a lot sir to learn me price action

thanks man

Hi, I have followed some of your videos and they are great. Could post a video on nuances of second entry long/short vs Failed second entry. I understand what you are trying to say, but sometimes you could argue the same structure both ways ? Plus how to say whether its a pull back or trend change. Thanks

@ThomasWade

Жыл бұрын

The difference really comes down mainly to the structure. Same thing with the pullback. We look for trend change when there is break, new high and reversal pattern after current trend. When main trend is still in play, corrections are treated as pullbacks.

Thanks for this! Just to clarify, when you talk about not trading in the middle of the trading range, do you mean the literal mid-line or do you mean anything that's not the main support and resistance of the range?

@ThomasWade

2 жыл бұрын

I would say around the mid-line area.

Thanks

Ahoj Tome, sleduju cca 2 roky Mackova videa a narazil jsem právě dnes na Tvoje videa. Je super vidět živé obchody což Mack moc nedělá - díky moc. Popravdě měl jsem trochu prolém věřit, že mu to funguje tak spolehlivě, protože ve svých denních analýzách má všechny trejdy ziskové, téměř nikdy neoznačí neziskový vstup. Koupil jsem si od něj manuál a zkoušel paper, ale bylo velmi náročné na psychiku, mít větší SL než PT, žádný prostor pro chyby, profitability% musí být nad 80%, aby to fungovalo. Zkoušel jsi někdy tento styl jet s 1:1 nebo vyšším PT ? Pokud to není tajné, jakou máš průměrnou %úspěšnost ? A roční zhodnocení v % ? děkuji. Tomáš.

@ThomasWade

2 жыл бұрын

Ahoj, já jsem taky začínal na 1pt target profitu a ve mnoha videích jsem popsal jaký to na mě mělo efekt. Proto jsem se rozhodl jít pro 8-10 ticks abych se přiblížil aspoň 1:1 R:R. Stejně není lehké mít 1:1 R:R pokaždé protože v poslední době bary jsou dost velké ale je to mnohem lepší na psychiku a high probability trady co jsou dobré pro 4 ticky jsou dobré i pro 8. Procentní úspěšnost je kolem 75%. Když se mi povede chytnout dobrý runner tak to dost dokáže přispět.

@ thomas wade, You recommend fading breakout of the suppport/resistance line in your video "The Only way to successfully trade Trading ranges" but in this video you recommend Failed 2ES/Failed 2EL respectively at to bottom and top of the trading range, is any reason for the difference in approach

@ThomasWade

Жыл бұрын

I recommend both options. But failed breakouts are more advanced, when trading range is big you might want to wait for failed second entries. Failed second entries are always the safer and confirmed option. Both are good.

@asis19999

Жыл бұрын

@@ThomasWade Many Many thanks again

19:00 You are NOT trading BREAKOUTS. Your job is to find valid 2 leg entries. These are high probability - risk entries. 22:00 Double inducement, Judas Swing and Mitigation =complex reversal. MM trapping both sides. 25:20 MM traps low skilled and uneducated traders going long at the Swing HIGH. 26:30 Success demands that you scale out one TF and confirm overall trend when the market gets choppy or difficult to analyze. 26:27 Spatial Awareness when you in a strong trend (either bullish or bearish) - you must expect corrections and not reversals. So so not start painting channels at every inflection as they will become meaningless. Remember retracements characteristics should be an simple abc or they can be a complex 12345. Remember to mark the strong high or strong low before you look for retracements. 28:12 Classic example of a complex retracement after a strong energetic bullish move up. 29:00 Correction, Consolidation, Judas Swing and Trend move. BOOM. Success demands spatial awareness. Thanks.

Hello Thomas, to identify trading ranges early, is two touches to the top and bottom fine, pl advise

@ThomasWade

Жыл бұрын

It is. Also pay attention to structure. Sometimes I don't have the confirmation just yet but I see flat EMA and lot of up and down through EMA, this is indicating possible range.

24m-45s. Candle of indecision (doji bar). 2EL(trap) works. And for those who have seen from maxim F2EL down (also a trap). Is that why it's a double trap? The candle stops everyone who goes both up and down.

@ThomasWade

2 жыл бұрын

Correct. That is exactly why it is called a double trap.

You took 2EL at 12:20, but I thought we only take failed second entries during trading ranges?

@ThomasWade

8 ай бұрын

Trends still need new extremes even in ranges. I was looking for new high of the uptrend.

what time frame do you typically watch for your day trades / scalps, what time frame is being shown in this video, is this a tick chart?

@ThomasWade

2 жыл бұрын

Yes that is tick chart and I trade 2000 tick chart for S&P 500 eminis futures.

@Rijastriga

Жыл бұрын

Can u explain, what is tick chart :)

@5:45 not sure that was a good F2EL, you have like 6 bars going sideways and the candle is not touching the EMA. I skipped it for that reason

9m-45s. You said it. I looked at it from the very beginning even as an (Uptrend). But that's not what I was supposed to use. I had to trick him.(Like two legs up). I didn't understand. I didn't understand what you wanted to tell us. Maybe because we already have a maximum (extreme) as two legs, and we could try to trade down. A in the trend, we still expect a maximum (extreme), and there is no trade down. Transactions down can not be considered.

@ThomasWade

2 жыл бұрын

At the time I looked at it as wider uptrend but that was not correct. We were supposed to play the short term trendline and focues on two legs up because of the range structure.

Hey Wade, What Ema period is it ? TY

@ThomasWade

Жыл бұрын

I am using 21 bar EMA.

What time frame are you using ? 1 min or 5 min ?

@ThomasWade

Жыл бұрын

2000 tick chart. 1-5 minute are good too if you don't have access to tick charts.

what time frame is he using?

@ThomasWade

2 жыл бұрын

2000 tick chart

lol "mental demons" for sure

This guy just stole everything from PATs trading...

@ThomasWade

Жыл бұрын

You must be new here, but that is ok. I said it countless of times that I learned from Mack and Al. This is one of the videos I remember from top of my head mentioning it. 7:20 kzread.info/dash/bejne/hmVqrpNyYZyofs4.html&ab_channel=ThomasWade