I went in on a deep limit order as well on the HL that was a trap. Makes me feel a lot better that I was reading it right since you took the same setup. It’s just one of those trades we keep on going. Thank you thomas

Thank you Thomas

Thanks Thomas !

Thank you thomas

at 2:59 does it not matter that the long would be going into a resistance of the range? Or does the break new extreme rule usually overpower that?

@unpacify

Ай бұрын

you should never take a long there

@ThomasWade

Ай бұрын

You expect new extremes to be tested first. Then you focus on range rules so with good bar, it would be ok 2EL to take. Of course with no overshoot.

Thanks Thomas ✌️

Thanks

Thank you

Looking to join the group, I have only traded NQ/MNQ for just over 4 years, still grinding however, your explanation of the 2 leg pull back entry gives me more confidence. I currently use top down only to set my supply/demand zones and any high importance support/resistance lines, otherwise I stay on the 3min/1min. Just looking to get a feel on the atmosphere. Thank you!

Thank you! Ive been watching your channel for a while and its awesome. For some reason i cant tell the difference between a 2nd entry with the trend and a failed 2nd entry against the trend. Ive tried so hard to understand and watched hour after hour of your videos but they still seems the same to me most of the time. I am missing something? Would be great a video about it. Thank you again.

Nice one

Could you set a darker and thicker Ema please? Thx

Hi Thomas! Can you explain that last F2ES? It would be easy to mistake that for a 2ES and I probably would have. What's the key indicators that it would be a failure?

@ThomasWade

Ай бұрын

There are several clues to understand 2ES is going to fail. Number one, we are in a range. Most breakouts will fail and you expect bear breakout to fail and go back in the range. Number two, 2ES formed above EMA, not below, meaning failure is likely. Number three downtrend played out with new low so there is no reason for sellers to trade lower.

@chilidog73

Ай бұрын

Perfect! Thank you for taking the time to clarify that

hey thomas, i took the 2ES at 7:20am on your chart because i have my range drawn smaller off of the first new high you labeled i thought it was a 2es fbo and now i see it was in an uptrend, would you consider this a "good Loss" aka a good trade context wise or a bad trade due to price action?

@t3rcx

Ай бұрын

It's just my opinion as a random person you don't know, but by the time this setup forms, there is enough information to suspect an uptrend. When in doubt, don't guess - just wait for the market to tell you. So I think you are not wrong to have the resistance where you had it at that time, but I think it is wrong to ignore the visual uptrend, in which case we would not want to consider a short until there is break and new extreme or F2EL. I personally didn't trade today, so no judgment and much love.

@Ghostrick95

Ай бұрын

imo if you are learning then it's a great loss. part of the game is to live with your loses. the fact you have this type of question. means you are going down the right . path keep it up

@benz7785

Ай бұрын

I appreciate you guys, it’s a hard thing to learn so any insight is greatly appreciated and welcomed

@littlehammer87

Ай бұрын

​@@benz7785Was it a loss ? Doesn't look like the next couple bars ticked higher than your signal bar for the 2ES

Thanks Thomas!