SUCCESSFULL PEOPLE DON'T BECOME THAT WAY OVERNIGHT. WHAT MOST PEOPLE SEE AT A GLANCE-WEALTH, A GREAT CAREER, PURPOSE-IS THE RESULT OF HARD WORK AND HUSTLE OVER TIME. *I PRAY THAT ANYONE WHO READS THIS WILL BE SUCCESSFUL IN LIFE.

@cooshaghen8539

2 жыл бұрын

You're right sir, ☺️❤️

@cornelishannes3064

2 жыл бұрын

that's why I have to start forex trading 2months ago, now am making constant profit from it .

@constantijngustaaf6524

2 жыл бұрын

that's why I have to start forex trading 2months ago, now am making constant profit from it .

@anitamoorebenedict5844

2 жыл бұрын

but this is often presented in forms of daunting technical charts, indicators, patterns.

@adalbertobenito2942

2 жыл бұрын

Trading systems allow you to limit the factor of emotional influence on decision-making,

One of the best channels I have come across. I keep coming back for more.

A detailed and clear explanation is a huge condition for the ability to teach.Thank you you have this quality.

Will watch this one over and over. This one brings it all together. Thanks again, Thomas!

Keep hammering it home Thomas... Lots to take in... I'll be re-watching this a few times... 👍😎

I thought Friday was a great video. This one beats it! Thxs

Thank you! I'm definitely learning a lot even after 8 years of trading -- much appreciated. And yes, definitely one to save in my playlist for re-watching again (and again).

Very informative. You are breaking your best video record with every new video you post. Many thanks and God bless.

Another great video Thomas. I love your teaching videos. I’ve been trading for sometime now. I’m really drawn to price action and haven’t found anyone to teach my “language” until coming across your videos. Thank you

This is excellent content, presented in clear and understandable ways. You are answering some of my questions and confusions about the way the market works. Thanks

Very informative video, like many others have stated this is one of your most helpful videos to date! Great work and thanks for helping the community.

Great content I watched several of your videos this weekend and they are amazing. You're money management is also great !! Keep more coming!!!

@superbartek1009

2 жыл бұрын

If you are trading RTY futures setting the with 250 Tick work amazing.

Exceptional training video, thank you

Hi Thomas, Thank you very much for another great video. In my opinion, this is the most valuable video of yours so far that I have watched. It deserves MASTER on the thumbnail title for sure. The new thing that I have learned and will adopt in my analysis is drawing narrow short-term trendlines on correction channels. PS I have posted an article in the Facebook group that I am a member of about PA analysis and how to draw bigger and bigger trend channels. Friday's PA was great for that lesson. However, today's PA is really great too. Cheers mate.

@ThomasWade

2 жыл бұрын

Thanks Dejan, I will take a look at your email once I have more free time, it looks really long :)

@dekibrebre

2 жыл бұрын

@@ThomasWade Just take your time and I am aware that you are very busy. I would really appreciate your feedback and constructive criticism. Thank you very much in advance. Cheers mate.

@infiad1275

Жыл бұрын

Hiya. I was wondering what moving average Thomas uses. Love his videos.

@dekibrebre

Жыл бұрын

@@infiad1275 EMA 21 bars

Brother thank you excellent video.

Awesome video. Thank you very much for your effort on spreading your knowledge. Please keep posting.

Thanks for the video and explanation.

Thanks again, massive help

Excellent content Thomas, Your explanation is very clear i will defenetly wil keep this video in my favorite KZread play list.

Awesome video again Thomas thanks!

This is so helpful thank you ❤

Awesome master class trendlines video. A ton of good information in this video. Thank you for posting. Best Regards - JT

Great content like usual and to me Thomas Wade is the best adress on 2nd Entry Pattern :-)

Great video.

Thank you sir. From India.

Another great video

Nice video, thank you friend

Thank you

wow that's a lot of useful info :)

This is brilliant and quite captivating as well! Investing in forex has really been favorable to me this season, I make profit from my investment on a weekly basis best regards to Mr. Ray Perkins mentorship/guidance 🇺🇸

Great video. Thank you for sharing. What is the best timeframe to execute the trades? Are lower timeframes to choppy?

@ThomasWade

10 ай бұрын

I trade 2000 tick chart. 1-5 min are great timeframes, not choppy at all.

Your videos are amazing !!! period !!! You've changed my trading ... Do you have a video on the 45 degree angle ??

@ThomasWade

Жыл бұрын

Not dedicated video like that unfortunately. We definitely traded strong trend. It may just be in one of the chart reviews. Hard to find it like that :) You can look for word Trend in the title of the videos.

I didnt take that FSEL and proceeding SEL @ 24:53 -25:28 in the video, i saw that on the 5 min chart the MA was looking like resistance here. It didn't surprise me it fell apart. The 5min chart has been a good filter for trades im finding thanks to you!

@ThomasWade

2 жыл бұрын

🙏

Legend

Really good video, it's important that beginners know these basis strategies that can assist them with their trade career. It requires a lot, I guess many make losses due to lack of skills to handle their tradings

@jackalbert1721

2 жыл бұрын

The first time I ever tried trading was in 2018, I had losses and stopped, I only started earning this year, when I got a credible broker Tim Taylor. Tim has been the one in charge of my account. I'm still learning, but I'm earning great profits weekly.

@donalddavid8209

2 жыл бұрын

Great content, I'd advise for consistency and profitability in trading one needs to get in touch with an expert, I just made $45000 trading with Tim Taylor.

@katewilliam187

2 жыл бұрын

I need more information on Tim Taylor services and how he operates, How do I connect with him?

@user-qg7og5pl3v

2 жыл бұрын

I really love his honesty and consistency in making profits, am glad to see other investors right here talking about his competency.

@jackalbert1721

2 жыл бұрын

@@katewilliam187 @Consulttimtaylor

You're cool as always.

Keep the videos coming. You dam man. Went 2\2 today. Why did you day the failed 2nd entry long off the break of the initial uptrend is no good? I took that right when it broke the previous candles low on rejection off the EMA. That was my first scalp!

@ThomasWade

2 жыл бұрын

The idea was good, my signal bar was horrible. Break below bullish bar and the following bearish bar was way too big to enter.

I've tried to apply this to 5 minute timeframes on certain stocks, but its extremely hard to draw lines around the opening, and throughout the day might be one or two lines is play. Further the second entries are rare on a higher timeframe, I assume this only works for 1 minute timeframe and lower? Am I wrong?

Thank you Thomas. Question: Whenever there is a channel and a countertrend break, we expect a new extreme. However when there is a break (overshoot) in the same direction of the channel what do we expect?

@ThomasWade

Жыл бұрын

I have a video about that, trendline mastery. You expect stronger correction at first. You expect another break of the trendline. However you are still learning towards prices making new extreme of the current trend that had overshoot. That was the main trend. You are observing how strong the correction after overshoot is and paying attention to the EMA. If uptrend has overshoot. You expect stronger bearish correction. Then if you push back above the EMA, you expect new high for the main uptrend.

Hi Thomas, thank you for this lesson. At 27:40 you called the green bar a 2el but doesn't this bar have to trigger above price of the top of the previous bar 1 tick to be considered a long? I believe this is what you said about the 2es at 27:26. Sorry for my confusion and thank you again for your teachings.

@ThomasWade

Жыл бұрын

That bar is 2EL. It doesn't have to trigger above the prior bar. Important is that the signal bar had a trigger above it's high. We care about breaks above/below the signal bars. The signal bars themselves don't have to break the prior bar high/low for us to consider it second entry.

@66ticks

Жыл бұрын

@@ThomasWade Thanks for your time and your answer. Hope you have a great trading week!

@66ticks

Жыл бұрын

@@ThomasWade Thank you for your reply and your time. Have a wonderful trading week!

Hey Thomas, just wonder how you do handle your Risk/Reward in the last two day's market volume, StopLoss of 4-6 points pushed me to reduce my position size to a single minicontract (my account size is under 10k's). Your thoughts about it?

@ThomasWade

2 жыл бұрын

You did the right thing. Number one you scale down so you feel comfortable. Number two you can put limit order further back, but you will miss few trades like this. When the market volatility really picks up I go for 10 ticks. Other than that there is nothing much else to do about that. You can go to lower tick charts but I there can be more fakeouts so be careful. Also if you are really uncomfortable about the risk, just switch to sim for few days. There is nothing wrong with that. You will still get the experience.

Sometimes slowly in a simple way it helps to understand the meaning.

Thomas, do you think can it be good to use fibo golden levels in swing retracements? You just wait until two pushes fails in the opposite direction of the trend. Of course, using all the Pats rules, just using this like more confirmation. (I think at 16:50 high to 17:05 low move will be useful to catch the huge drop after). But you can think about the failed retest of the broken channel too :D

@ThomasWade

2 жыл бұрын

I have never paid too much attention to fibos so I honestly don't know. But I know lot of traders are using them and they have the same idea as you. There may be something to it. Problem with fibs is that you never know where to draw them correctly.

@jorgellopis6161

2 жыл бұрын

@@ThomasWade I would say last high and first low swing of the current trend in uptrend, and the opposite for downtrend. Just a zone to watch, for possible setup with the retracement momentum

Hi Thomas, prices make extreme after trendline break so my question is how do you define break of a trendline, is a move a tick above/below the trendline constitute trendline break or it has to be some significant move

@ThomasWade

Жыл бұрын

Body of the candle closing outside. Not the tail, tail alone is not enough for us to consider it a break,

@asis19999

Жыл бұрын

@@ThomasWade Thanks a ton

Another question.. At 24:36 you say it's a second entry short fail. I see the second entry short but it looks like it would have worked for a scalp. Why then it is considered a failed second entry? Am I misunderstanding something? Is it because the most recent action is uptrend? Thanks

@ThomasWade

2 жыл бұрын

Second entry short already made a scalp correct. But we can treat it as a failure. Because traders are expecting this short to move past scalp. So we treat it as a failure when first bar in opposite direction appears. Opposite direction of 2ES was bulish bar. So it is ok if it reaches scalp we can still treat it like a trap. Of course the move cannot go too far and below EMA.

Can you explain at what point we can start looking for shorts again when the reversal up seems to have failed near the key level?

@ThomasWade

Жыл бұрын

Which time exaclty you are talking about?

Can you please do a detailed video on context ? Because a 15-20 bars may form a pattern ( eg : a channel or wedge). That pattern itself is a context for me. That small part itself play important role in my decision making. The bigger picture/ context maybe give a different trade idea . That's my problem. When you are using a 5min chart, they say look left for context, but how many bars left for the context. Recent legs or days weeks months long price action for the context?

@ThomasWade

2 жыл бұрын

Sorry for the late reply. I made couple of recent videos about market context. Did you check them out? I believe they could be helpful. We even pay attention to key levels we identify at the very start of the day.

? Thomas would you use also same tick chart on NQ futures ?

@superbartek1009

2 жыл бұрын

2000 Tick chart

@ThomasWade

2 жыл бұрын

Yes I would. 2000 tick chart is good for NQ too. Lot of traders I talk to trade that chart. It is little slower then ES so you can try lower it a bit. We looked at 1500 as well but it gave few fakeout so 2k is the best if you are patient.

Hi Thomas. Do you have a live trade room?

@ThomasWade

Жыл бұрын

I don't do live signal service or trade copy service.

9m-40s why is this the first entrance? Do we have a second entry from the maximum or is it counted again after the breakout ? Why is the first one we have a gna movement on two legs

@ThomasWade

2 жыл бұрын

It is first entry of the lows. I was counting from that bullish bar.

9m-35c. Was there a trap or not ? Have we trapped bears or bulls ? You were talking about a bear trap. But as I understood, the bears did not fall into the trap because the price went down. As I understand it, the price should have gone up(after a two-legged movement down) and there should be bulls in the trap.?

@ThomasWade

2 жыл бұрын

Oh! I misspoke. I was supposed to say it was a bullish trap. Good job on recognizing it perfectly. You are correct it is a bull trap 2nd EL that failed below EMA after uptrend played out.

What time frame did use for this analysis.

@ThomasWade

Жыл бұрын

Time frame is 2000 tick chart.

Hey Thomas, do you have a discord for your community?

@ThomasWade

2 жыл бұрын

Hi Jacob. Private discord community is coming soon. It was supposed to be done but it is late which sucks. But I will announce it.

@jacobwitbeck4331

2 жыл бұрын

@@ThomasWade looking forward to it! Hopefully I can take part. Still very much new, but I’m trying to absorb everything I can from you. I hope you know what you do really is changing peoples lives. Much love brother

What do you mean by new "extremes" ?? Can anyone help me understand please

@ThomasWade

2 жыл бұрын

New extreme means new high for uptrend or new low for downtrend. Because if there is a trendline and break, close outside, we expect another move in the direction of previous trend, to create new high of the market in uptrend and new low in the market in downtrend.

Why trend lines should be drawn tightly. Some traders draw on shadows. I want to know your opinion.

@ThomasWade

2 жыл бұрын

Shadows? You mean wicks? You can use wicks too, espeially in bigger patterns but in short term correction every inch counts and you need to make them tight as you can so you see the break and a new extreme. But wheter to use wicks or bodies can be subjective and it comes down to experience.

what timeframe do you use sir?

@ThomasWade

5 ай бұрын

2000 tick chart. 1-5 min are also great.

hi what is the candlestick timeline

@ThomasWade

Жыл бұрын

2000 tick chart. Similar to 1 minute chart.

Is it a regular 20 ema?

@ThomasWade

7 ай бұрын

21 bar EMA, yes.

What time frame are the candles?

@ThomasWade

Жыл бұрын

2000 tick chart.

@nobullinvestments

Жыл бұрын

@@ThomasWade thank you))

👍🤙🙏

We have an uptrend breakout and a new low high, then a second downtrend . Why the first one ? Maybe it was because there was a two-legged movement down and traders were expecting an up and fell into a trap?

@gmailcom7423

2 жыл бұрын

Whspp

@ThomasWade

2 жыл бұрын

new low high? Which instance do you mean on the chart?

when premarket opens - draw tight trend-lines because of low volume

@itm_randy

Жыл бұрын

when you see multiple new extremes, a bigger pattern is in play

Thomas, is it possible to contact you via e-mail?

@ThomasWade

2 жыл бұрын

Sure, thomaswadetrading@gmail.com I am getting a lot of emails so it may take me a while to get back.

@JamesEdwardsMarche110880

2 жыл бұрын

@@ThomasWade Thank you (PS no problem for the wait...it's generous enough of you to engage so much with the community)

Do you have discord or instagram ? I’d like to ask you a couple questions

@ThomasWade

2 жыл бұрын

You can shoot me an email to thomaswadetrading@gmail.com

Thank you