In this video you are going to see how implementing our trading rules works in real moving live trading day.
The best way to became consistantly profitable is to learn to read the chart in its purest form. There is no holy grail or set of indicators that can make you rich without work. Learning to understand how prices move and why they move is a learnable skill that anyone can achieve.
OUR PRICE ACTIONS RULES WORK IN EVERY MARKET AND EVERY TIMEFRIME.
Priceaction is universal and technical analysis patterns repeat over and over again on consistent basis.
In this video you will get a grasp of:
How to draw trendlines
Technical analysis of sp500
What are second entries
How to trade trading ranges
How to use moving average
Trading with a fear is the most common fear most trade have. It is crippling and can get your mind frozen. The key to consistancy is to be emotionless and fear nothing in trading.
Key rules of our strategy:
1) Second entried in the direction of a trend
2) Trendlines
3) Failed breakouts
4) Failed second entry counter trend
5) Support and resistance
Target Profit – 10 Ticks
Stop Loss – below signal bar (around 10 ticks)
Overall market context is more important than individual patterns.
Technial analysis works and it repeats over and over.
#LiveTrading #DayTrading #PriceActionTrading
i also saw that big bar at 6:00 in the video yesterday! it was so fast that i couldn’t trade it 🙁
It’s unfortunate that we miss trades like these but it happens.
@Thomas Wade i guess it’s better to miss good trades than lose on bad trades!
No runners this video?
You don’t want to use runners on a range day unless it’s a failed breakout. However, that may change as market conditions change over the trading hours.
@song ho chon Excactly. And also it makes the video much longer…
Thank you so much, Thomas, as always this content is priceless.
Appreciate it 🙂
@Thomas Wade I really need your help mr Thomas. Please how can I contact you?
@honestone Hi, you can contact me at ThomasWadeTrading@gmail.com
@Thomas Wade check ur email
Awesome video! Thanks
Does your strategy work in FOREX as well?
For sure! These price action rules work in every timeframe and every market.
Enjoyed the video as always. Yeah, I dont know how you trade live and record, but I’m glad you do.
Thanks, it is getting esaier with every video, I think I am getting hang of it.
what ema do you use ?
21 bar EMA
What does it mean. Ema health ?
I meant EMA held. Hold price.