I admire your patience Thomas. I can read the chart relatively well now, but i am still too impatient and thats where most of my losers comes from. Btw Please make more live trading videos. I find them really helpful watching your thoughts while trading live. All the best!

Thank you Thomas

I drew the channel too wide as usual…. And lost almost an hour waiting for setup to new low. Low volatility - trading is hard on days like today :) thank you Thomas for analysis! :)

Thanks so much for these videos, Thomas

I just came across your work, and it looks excellent! I am subbing right now. Keep up the good work.

Nice work 👏 . It is cool to compare your trades with mine for the day.

Nice trading. Very Patient . :)

Thanks for the good video

Thanks for the videos they really help drive important principles home. If you have time can you please clear up some confusion. You rely on second entries and failed second entries. In your videos where you talk about trend reversals you like to take failed second entries. Especially on range days you talk about waiting for higher highs or higher lows aren't these first entries and not second entries. In each situation does it matter if the bar closes bearish or bullish? Hope you understand what I mean and respond accordingly. Thank you

@ThomasWade

2 жыл бұрын

Yes in ranges higher lows and lower highs are first entries but those are still good entries because they confirm failed breakouts. Failed breakout is a very strong setup. We wait for bar to close every time and if we sell we want bar to be bearish. Especially when it comes to counter trend entries - fading breakouts and HL/LH, signal bars have to be good.

Great content, thanks for sharing winners and losers. Runners vs 2 points, which ones are most profitable in the long run for you? I am still struggling to decide the correct set ups.

@futurestradeslive2456

2 жыл бұрын

Since there are many ways to play a runner it's to subjective to give a answer.

@ThomasWade

2 жыл бұрын

Agree with a trader below. Different traders manage runners differently. For me it is worth holding a runner, I have cought some amazing runners and it gives you a nice boost. You will also feel mentally much better. If you are unsure just test it. That is the best way. If you are struggling to catch runners, sticks with scalps for now. If you a trading only couple of contracts then for sure keep scalping all.

Hey Thomas, good analysis here. Wonder why you though it's a trading range in the pre-market session, when it's a clear downtrend in play all the way from the previous day. Also, what data feed you use? Mine chart is a bit different. Good luck!

@brianodonnell7076

2 жыл бұрын

Charts will print a little different if you load them a different times.

@HS-lp8lz

2 жыл бұрын

The bearchannel actually played out, if you draw your lines correctly. There is a break and a new low, the new low is the first touch of the support of the anticipated range, that thomas drew. And after the channel played out we can expect a reversal or a correction, and the anticipated range is the correction. I think thats why Thomas is anticipating the range here, that very quickly turns into another bearish channel, after the imbalance.

@ThomasWade

2 жыл бұрын

I don't use too much from previous day price action so in the current session there way bearish bias but still price was swinging up and down like in a range. I use CQG data provider.

What tick chart would you recomend for trading the NQ? The bars are huge on a 2k tick chart

@ThomasWade

2 жыл бұрын

2k is good on NQ too, we also trade 1500 but sometimes you can have a little bit more fakeouts.

As an intraday day trader which time frame do you follow .... 1. multi-time frame or single time frame? 2. As a beginner multi-time (5m - 1m) or only 1m is good for me?

@ThomasWade

Жыл бұрын

I trade 2000 tick chart. Similar to 1 minute chart. So 1 minute is ok for you. Between 1-5 minute is good for scalping.

What if the 10k and 2k are giving mix signals? Eg 10k is a red bar on a down trend, but the 2K is forming 2 entry at key entry points?

@ThomasWade

2 жыл бұрын

2000 tick chart is the main chart where I would take trades. Other timeframes are only for additional confirmation. If 10k is different from 2k chart, that still would not stop me from taking a trade on 2000. There is plenty of room. 10k is very large.

@Th3IronBull

2 жыл бұрын

@@ThomasWade I see thank you so much for your advice and reply! At least I won't get so indecisive now 😃

Thx for sharing. What EMA U use and on what time frame?

@ThomasWade

Жыл бұрын

I use 21 bar EMA and 2000 tick chart. Similar to 1 minute chart.

@samchan9616

Жыл бұрын

Thx a lot. Can I use 5 min 21 EMA instead for day trading? Will 2EL or 2ES work?

@ThomasWade

Жыл бұрын

@@samchan9616 Yes you can. 5 min is good as well just can be slow. You may need to wait a lot for good setup sometimes.

12 m-15 s. Is this a 10,000 tick chart 10000 ticks, which time is better suited.Which chart is comparable to 10000 ticks with 10 m, 15 m, 30 min or other. How to use 10k in 2000k trading

@ThomasWade

2 жыл бұрын

I started using 10k chart just recently. The main way I use it is to see if there is a high probability setup. If on 10k chart is a good second entry and key entry point I know I can look for good setups on 2000. I need more time to fully test it though. I don't know which time frame is comparible to 10k.

8 m - 20 s . Are you logged in to F2ES? To be honest, I saw a failed first attempt down F1ES, and the second F2ES is hard to see. Maybe there was some secret in the recording (hidden recording) or just a trap. Perhaps there was also a 2ES trap for sellers, since at 2ES the price increased by 1 tick. Both sellers and buyers were trapped, in a jam.

@ThomasWade

2 жыл бұрын

Yes I treated it as a F2ES. I agree the second attempt is not clear to see.

The one setup that hit the trendline as well. The one before your first trade. It was a high probability setup right? Or you just started trading later after that setup happened

@ThomasWade

Жыл бұрын

It wasn't high probability setup. It was only first entry short that had uptrend correction in play. High probability setup is form of two legged pullback and we need to follow trendline rule.

@drawncinema2533

Жыл бұрын

@@ThomasWade thanks for taking time to reply. Back to the study I guess 🫡🤓

Hello What tool are you using , the buying and selling line its so easy to use and fast.

@ThomasWade

Жыл бұрын

Do you mean the orders on the chart? That is just part of ninjatrader software. Chart trader strategy.

@sherwincardente1541

Жыл бұрын

@@ThomasWade can i use it on crypto?

@ThomasWade

Жыл бұрын

@@sherwincardente1541 Price action is universal but I wouldn't recommend trading crypto. Overall not a safe market.

Hi Thomas. What EMA you use in this video?

@ThomasWade

2 жыл бұрын

21 bar EMA.

1m chart or tick chart both are the same looks like?

@ThomasWade

Жыл бұрын

Yes they are very similar.

8m-20s. Have you logged into F2ES ?

@ThomasWade

2 жыл бұрын

Yes I entered this as a F2ES.

what platform is this? You know this job well

@ThomasWade

2 жыл бұрын

Ninjatrader 8.

I don’t know how many times I have tried to force a trade during congestion 🤦‍♂️🤦‍♂️🤦‍♂️

@ThomasWade

6 ай бұрын

Congestions are tricky, it is always better to wait these areas out.

took your first trade on stream! loving that we are able to see the same things independently. let me know your thoughts on the 10k chart. do you manage it differently than the 2k chart in terms of risk:reward?

@Rohan-ew2fh

2 жыл бұрын

You and Thomas are the best, really appreciate your contents.

@ThomasWade

2 жыл бұрын

I have been looking at 10k only for a couple of days but I just use it for confirmation. I only take trades on 2000 but 10k can really give some beautiful setups. Maybe even better than 5 minute. Good to hear you took the same trade. We need more of these trades with nice runners. Take care man! Good luck!