@@TripleSavage666it really depends on how patient you are and how good your psychology is in general. If you use risk management and dont full port trades, you will still lose money but not as much. One thing i learnt very quick when I started trading is, to learn you must lose. It’s inevitable so no point trying to avoid it, the quicker you accept that fact the quicker you will learn
@@TripleSavage666 A lot. Consider the money you initally use already gone ;) I'd reccon to focus on minimizing your loss (1% risk is well enough) and DON'T focus on 'winning' first years you're learning, not trading
i watched your video 3 times this morning, and i traded today live with a small amount to test it, 30 dollars, i finished doing 50% of return which i never made in 1 month as a beginner trading that just started learning. God bless you Thomas.
@@ThomasWade also another question on trading view I add a sell stop or a buy stop then after when I try to close it when it’s either doing rlly bad or really well it still doesn’t close my position. Gets me very mad idk what im doing that’s causing this I just wanna practice
This has to be one of the most honest approaches to educating traders that I have seen. No wishful thinking, no get rich promises, just a clear and concise strategy that asks for only one thing - patience. And that’s the main reason why most will fail in following these guidelines. Thank you all the same - I’m sure that at least 5% will benefit.
When I got into trading I started drawing lines and channels like this and figured out most of the things explained in this video by myself. I was profitable but started to get greedier so I looked for more strategies and ended up losing all my gains, watching this video reminded me of what made me profitable in the first place, thanks.
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
My CFA ’NICOLE ANASTASIA PLUMLEE’ a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
NICOLE ANASTASIA PLUMLEE' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
This is how a good teacher teaches. Comes prepared, shows content on screen to read and diagram to look, steady pace and structured content. Love you Thomas keep them coming.
To whoever reading this , never stop chasing your dreams you can do it . Keep pressing and thriving you will make it ! Consistency is the key to achieve your goals
I feel it's the right time to invest , it's when you can get the better deals EVER , love your content . keep it up , You make the most complicated things so simple . Consistency . Discipline . Success to all upcoming millionaires I'm really interested in investing .
Starting early is the best way getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to a decent payouts, with the right skills and proper understanding of how the market works
This is probably the most educational video about fundamental analysis on youtube, all of the other people just spit out the same exact basic information and waste your time. I learned so much from this video that i kept on rewatching small sections and rewatched the entire thing a second time to really grasp what you were saying, Thank you
Trustworthy comment or not, this video BY FAR is one of the best vids out there that will help NEW TRADERS to learn about the BASICS of trading. Kudos to you to have made a video that's straight to the point, no bs, no stupid indicators and whatnot, and just straight up explains (albeit discretely) about psychology trading. I'm happy there are more than 423k views on this now. This won't make you a better trader instantly; it will however educate you in the necessary foundation of what trading is all about.
As a trader, it's easy to get caught up in the noise of the market. This video serves as a much-needed reminder to focus on the fundamentals: price action. The explanation of trading range rules and the importance of waiting for high-probability setups are invaluable. Definitely a must-watch for traders at any level!
I had problem comprehending trading in general. I tried watching other YT trading channels, but they made the concepts more complicated. I was almost giving up until when I discovered your channel. I love the way you break down the content and explain everything in detail. The videos are easy to follow.
My personal broker/investment manager; Mr Nathan Davis, he runs an investment platform where you don't have to undergo any stress in the trades, he manages my account and all I need to do is invest capital and he gets a tiny bit of my returns as his commission
“Markets are designed to make countertrend entries favorable and with trend pullbacks look sketchy” truer words have never been spoken. It’s so easy to trade countertrend and so hard to stay in a with trend trade for this reason. We have to remember that if it’s easy, it’s a trap. The money is trading the difficult.
I’ve been watching a lot of content on price action. This is by far the best one I’ve seen. I love the way you explained everything. So easy to follow. Thank you for taking out the time to do this. It is appreciated!!
I’ve been learning forex for six months and this video has increased my strategy atleast by 25%….by the power given to me,I rank it no.1 video this year…God bless u Thomas 🎉
Well explained. Thanks for bringing up the videos financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thomas: I've watched a countless number of youtube videos on trading. This is by far the most valuable video I've watched, and I've literally watched it 6 or 7 times. Thanks, so much, for all your content...🙏🙏🙏🙏
I found this education because i have tried plenty of indicators and most fail as you pointed out. I am having more success trading supply and demand and trend. This is gold. Thank you very much for sharing!!
My Tesla dipped severally, resulting to about 40% drop in the shares value so far. I seriously need suggestions on how to diversify my portfolio made up of volatile Tesla.
Find stocks with market-beating yields and shares that at least keep pace with the market long term. However, for a successful long,- term, strategy you have to seek guidance from a financial advisor.
@@KerodyPSunil You are right! I diversified my portfolio across various market with the aid of an investment advisor, I have been able to generate a little bit above $35k in net profit across high dividend yield stocks, ETF ,and bonds during this red season.
I am ready to jump all in but I no nothing at all about trading and it looks intimidating and mathematical. I am a slow learner but once I master I am in. So let's do this if i could get your training
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
My advisor Kate Elizabeth Amdall“” is highly qualified and experienced in the financial market.She has extensive knowledge of portfolio diversity and is considered an expert in the field.
As a price action trader but still struggling yet still learning everyday 24/7. Im very excited to backtest this strategy together with strict rules. This for me lighten me up about the phsycology of market and peoples behaviour. Thankyou very much.
"From my perspective, this highlights the importance of having a competitive advantage as investors. Merely mirroring the market strategies of others is insufficient in achieving optimal results. I am currently grappling with the decision to invest in the current market, as it presents both uncertainty and opportunity. Could you share your insights on this matter?
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me in 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happening in my portfolio, been using the same advisor and I’ve scaled up $3million within 2years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@helenoliver4838 True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?.
@@stellamoore720 The adviser I'm in touch with is 'MARGARET ANN WARNKEN" and yes she can help. But note you can use something or someone else. for me her strategy works hence my result.
@@helenoliver4838 Thank you for sharing; I just Googled her name and her website came up right away. It looks interesting so far. I'm going to write her a message and hopefully it all goes splendidly.
11:30 Break outs SMT want to intice traders to enter the market so they can take the other side of the trade. 13:12 high probability set up rules 15:30 2nd leg entry.16:50 Up trend. NEW CONCEPT: failed 2nd entry short = bullish buy. 18:45 list of the trading rules. 20:55 First channel break is a trap. Inducing traders to enter trade in the wrong direction . 22:45 2EL and failed 2nd entry short (F2ES). 24:50 Objective is to Capitalize on a Premium or Discount in the market.26:16 first and second entry short going against the trend. SMT attempting to induce traders into panic and bail out allowing them to recapitalize at lower prices. 27:00 price action rules for down trends. 29:45 2ES 2ES then LH and BOOM..
RECAP4ME - Enter only high probability trades (HPT) - Price must be trending (Channel) - HPT1 : Enter at pullbacks in direction of trend - HPT2 : Last pullback will test channel (=double bars on LTF = candle wick on HTF = candle was testing channel)...ie EN@last pullback (=Trendline break), TP1@trend peak (New Low) - HPT3 : enter@TP1, exit@trend channel break (=1st breakout of counter trend) -HPT4 : enter@retest(after breakout of HPT3) exit@TP2=2nd breakout of counter trend (use whatever to calculate TP2 eg fib or SR) I agree with all 4 HPT. Although last pullback can be difficult to see if trend channel not drawn accurately. Best to keep buying with trend (trend continuation in channel). Best to buy with new trend (breakout & retest of channel) The latter is MOST safest trade ever ( 100% guaranteed always happens ) i.e. in fib trading it's the leg CD in ABCD pattern ie enter@C (fib61%) to exit@D (fib161%)
Smart Money doesn’t care about enticing retail traders, because collectively, we have little to no impact in market movement. Institutions (smart money) are the ones moving the market. Us retail traders are just the little guys riding on the shoulders of giants. It’s more correct to say that smart money institutions are enticing other smart money institutions, rather than enticing us little retail traders. They’re not concerned with our presence in the market on our puny $25,000 accounts. Smart Money is trading in the millions against other Smart Money players also trading in the millions.
I have been using trendlines for trading for quite a while now, and I have mostly been a breakeven trader. Recently, I came across your videos, particularly the one titled "The Only Price Action Setup Traders Need to Know: The Two-Legged Pullback Master Setup and How to Count Entries." I have watched it repeatedly, and the clarity it provided has been amazing. My trading has improved significantly. Although it may be early to say, I no longer second-guess my entries, even if a trade turns out to be a loser. I know I am sticking to my rules, and by doing so, I have become more profitable. Thank you!
Been trying to paper trade with this today. Staying consistent and patient. So far so good. Added my own twist by putting a second EMA 3x my trading time frame (trading time frame: 5 min, additional EMA: 15min) to get a hold of the bias or to confirm the trend. This helps me during ranges so I would only take trades in one direction. Great videos! Ive been trading with indicators for months and I just get frustrated everytime because although Im following the rules, my loses are still bigger. Most tutorial vids dont expound about the nitty gritty of some strategies, but you do and its awesome. Had nice earnings in paper trading today.
When I first watched the video, it went like a bouncer to me. It was full of knowledge. As a beginner, I was not aware of many things. But after watching it again and again pausing the video and digesting the valuable content, I felt like a wow!! It was full of great knowledge.
Thanks took me around an hour to write and take notes, I am new on crypto! I know I will lose money at first, but all to get more knowledge!! Greetings from Argentina
a good way to avoid false breakouts is to use higher timeframe. i trade breakouts on the 5 on gold and use 15 and 30 for true momentum. and 5 basically for precise entry. if the 15 or 30 has a solid break and instead bottom wick (assuming its bullish) majority of the time its a good trade for me. but keeping in mind im only targeting 10 pips a trade.
Having a trading strategy is far the most important step to becoming a successful trader. I have tried multiple unsuccessful methods in the past but so far I’m making progress with professional help. I always look forward to your content!
@@VikturneerTrading without sufficient knowledge deems your chances of being profitable at an inherently high rate because it is risky and requires considerable skill as individuals who attempt to trade themselves end up losing money. Making profit is possible, personally, I don't underestimate the role that professional guidance plays as Herman Jonas, a pro of repute has given me an edge over the market which has propelled me to make huge gains.
That man is a genius! I endured my fair share of losses when I tried navigating the market myself, but now I appreciate the genius of Herman’s approach to the market in helping me recoup from the losses I made earlier, and even go on to earn more. This is precisely the reason I pick him over and over again.
Best video I seen... I know all rules which u told here. But still I had some confusion in that while applying. This video gave me good clarity. Thanks a lot.
I’m originally a Mack student, but I can honestly say your videos have been just as helpful, if not more. Thanks for all of your effort, you are a blessing to the price action community. Much continued success.
Love this video, finally someone talking about actual trading and not indicators. When I started trading my loses always occurred because I failed to get in correctly, finding the absolute bottom. My most handy setup includes Vwap combined with the Aroon indicator. Many people also lose money on scummy stocks rather than ones with good fundamentals and volume action. Identifying short vs long term strategies is also key. Most stocks end up rising even if they drop and you get stuck, if your strategy is short term scalping, avoid taking unnecessary risks.
Good refresh and thanks you for everything you do for the trading community without selling anything. Unfortunately reality is , 93% will fail because first , it takes years for hand eye coordination to develop to recognize these setups in a live fast moving market , and second ,,,, discipline ... You are perhaps the only UA-cam trader who is not looking to capitalize by selling courses etc and not being shy to show a losing trade , thanks again , hope can contribute myself soon .
In Today’s era of volatility, there is no other way but to re-invent. the only sustainable advantage you can have over others is agility, that’s it. Because nothing else is sustainable, everything else you create, somebody else will replicate
This I most say in a few months or no time people we definitely be kicking themselves regret for missing the opportunity to buy or invest in cryptocurrency.
Just watching this for the first time last night and it paid off today. Subscribed. Wish I had found this channel way sooner, but better late than never (no FOMO tho!).
I've been learning price action trading for some time now and the way you explain it makes it very clear to me. I'm glad I found your channel. Thank you.
Holy moly, you're amazing!!! Seems like you took PATS and Al Brooks and added you to offer something much more specific and actionable, only listened to this video but will listen to more. Thank you for taking the time to do this video and offer it up to all of us. People like you, offer actionable information versus scamming and calling out trades for thousands a month that don't work, well just refreshing, so again, fantastic material, and thank you.
Jonas Herman, a certified fiduciary is the brain behind my success. I've gotten into a plethora of assets with $15k spread across fx & stocks (options and futures) for the short term and, index funds, and ETFs, for the long term. Now with over 81k, I sit back and just reinvest at intervals while I focus on my job and family.
You are King! Recently I have been curious about trend trading; and there is a lot of meat in this one 30 minute video. I will probably join your community soon. This is very helpful, thank you.
Just wanted to say your video’s are amazing, I’ve been trading almost daily for 2 years and I’ve never heard the price action explained like this. With a couple small adjustments it’s taken my game to a whole new level. Cheers!!
I've FINALLY gotten my psychology consistent & this has been my primary strategy & the only thing i trade and I've barely lost because i understand when it will work best, when it may not & what will happen next if it doesn't go accordingly. This video is GOLD!! If you know, you know.
Very engaging. Tried many trading bot/indicator out there none works out well, can someone recommend any, my finance is draining by the management of wrong people
I and my brother have been investing with her for over a year and I've made good profit of $882,030 that's not much but I'm happy with the progress, I don't have to look for jobs anymore
This is amazing. I been following this concepts and ive had great results. I have a doubt. Around 16:35 we take the 2dn entry failed short but should we restart counting after the new Higher high?
Yes we reset the count at each new high. You can see the F2ES is also 2EL counting from the highs. So it is possible to get two setups like that in one pattern.
You are only the second person I have come across who trades price action just like me. It's like we went to the same college, lol! I love it, great training.
wow, what an amazing video! it's all about the basics of trading most majority of traders tend to make trading complex and "scientific" by introducing lot of indicators and drawings on the chart.. whereas you're bount to loose your money if you don't master the basic fundamentals that governed the market action again and again for more than a century : - trend direction, -trend lines, -support and resistance, -pullbacks, -what does price action tell about the psychology state of the market - and more importantly how to control one's emotions. greetings from Morocco, north africa.
What a great video, an excellent example on how to understand the market. Though I watch your videos every week this is still a useful content. Thanks Thomas.
I don't usually comment but damn this is gold. Like I wish I could have watched it earlier, again and again. These are exactly the things I want to get drilled into my brain, still trying n learning. Very Well explained. To the point video, no wasting of time. You earned my subscription. Thanks for the awesome content! ❤❤❤
He is very learned. He surveyed many traders and used his greed-o meter and fear-o-meter on them to reveal that the markets do reflect greed and fear. He also surveyed many other traders to understand their edge so he also know that price action will you the "advantage". I think you catch my drift.
I was running around indicators. Thanks for the inputs & supports for free.. Really appreciate your dedication. Cheers bro.. Do continue to educate us more please...
I started investing when I was 27, mostly through sweat equity. I just turned 32 and this last month was the first time that my passive income broke $100k for the month. This is solid advice! DO IT! You don’t have to get rich quick, you just have to get RICH no matter what. 👍🏼
@Larry BrendaNot at all Having monitored my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently
@Zeo Stella The adviser I'm in touch with is "Jayden Nadav Bishopson" . He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me her strategy works hence my result. She provides entry and exit point for the securities I focus on
With what I’ve learned over two decades trading in the market, given enough time, solid investments have the potential to double the initial principal amount, but many investors are instead attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses before even getting out. So the onus is on newbies to beware.
I tell people to enjoy a comfortable financial future, trading is absolutely essential. It’s not even to be debated lol. As the coronavirus pandemic demonstrated, a seemingly stable economy can be quickly turned on its head, leaving those who weren’t prepared for tough times scrambling for income.
The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference
Just wow 😮 , I never ever watched a single pro video like this in last 3 years of time. You are incredibly wise and honest. Congratulations 👏🏼 🎊 Keep work hard , I randomly watched you channel and definitely I gonna watch and subscribe content. Thanks again.
Extraordinary explanation. Thank you very much for going through all this wonderful information and for sharing your knowledge. Please take care and keep sharing
Thanks!
Than you so much! You didn"t need to do that but I appreciate it :)
Thank you for supporting
@@ThomasWade bro let me ask you what ema is that ?
@@Rayal2300 21 bar EMA.
@@ThomasWade hello great video! I have 1 question, do you tweak the smoothing factor in ema or leave it at sma 5 ?
Been trading for 25 years. If I had to recommend a single video to a beginner trader, this is the one.
agree
How much do average trader lose when they were starting
@@TripleSavage666it really depends on how patient you are and how good your psychology is in general. If you use risk management and dont full port trades, you will still lose money but not as much. One thing i learnt very quick when I started trading is, to learn you must lose. It’s inevitable so no point trying to avoid it, the quicker you accept that fact the quicker you will learn
@@TripleSavage666 A lot. Consider the money you initally use already gone ;) I'd reccon to focus on minimizing your loss (1% risk is well enough) and DON'T focus on 'winning' first years you're learning, not trading
Thank you sir
i watched your video 3 times this morning, and i traded today live with a small amount to test it, 30 dollars, i finished doing 50% of return which i never made in 1 month as a beginner trading that just started learning. God bless you Thomas.
Still I would recommend starting on SIM first to prove your consistency.
how did you trade live can you let me know where to sign up because ima beginner believing in myself
@@Leckiii43 Find a good broker supported in your country. Ninjatrader or AMP Futures, Interactive Brokers are solid.
@@ThomasWade also another question on trading view I add a sell stop or a buy stop then after when I try to close it when it’s either doing rlly bad or really well it still doesn’t close my position. Gets me very mad idk what im doing that’s causing this I just wanna practice
@@Leckiii43I think it’s just the trading view software doesn’t provide automatic closing ur position as a service
This has to be one of the most honest approaches to educating traders that I have seen. No wishful thinking, no get rich promises, just a clear and concise strategy that asks for only one thing - patience. And that’s the main reason why most will fail in following these guidelines. Thank you all the same - I’m sure that at least 5% will benefit.
Couldn't agree more with you! Thanks @ThomasWade, you're a legend!!
100%
so true
Agreed!
Excellent presentation
When I got into trading I started drawing lines and channels like this and figured out most of the things explained in this video by myself. I was profitable but started to get greedier so I looked for more strategies and ended up losing all my gains, watching this video reminded me of what made me profitable in the first place, thanks.
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
My CFA ’NICOLE ANASTASIA PLUMLEE’ a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
NICOLE ANASTASIA PLUMLEE' is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
This is how a good teacher teaches. Comes prepared, shows content on screen to read and diagram to look, steady pace and structured content. Love you Thomas keep them coming.
To whoever reading this , never stop chasing your dreams you can do it . Keep pressing and thriving you will make it ! Consistency is the key to achieve your goals
I feel it's the right time to invest , it's when you can get the better deals EVER , love your content . keep it up , You make the most complicated things so simple . Consistency . Discipline . Success to all upcoming millionaires I'm really interested in investing .
The mind replays what the heart can't delete . So be careful what you keep in your heart . Purify it often
Bitc0in trading is just like any other business but in this case more sophisticated and advanced .
Investment put you ahead in life , is like buying a day off you don't have to work again , invest now and secure your future .
Starting early is the best way getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to a decent payouts, with the right skills and proper understanding of how the market works
This is probably the most educational video about fundamental analysis on youtube, all of the other people just spit out the same exact basic information and waste your time. I learned so much from this video that i kept on rewatching small sections and rewatched the entire thing a second time to really grasp what you were saying, Thank you
Trustworthy comment or not, this video BY FAR is one of the best vids out there that will help NEW TRADERS to learn about the BASICS of trading. Kudos to you to have made a video that's straight to the point, no bs, no stupid indicators and whatnot, and just straight up explains (albeit discretely) about psychology trading. I'm happy there are more than 423k views on this now. This won't make you a better trader instantly; it will however educate you in the necessary foundation of what trading is all about.
As a trader, it's easy to get caught up in the noise of the market. This video serves as a much-needed reminder to focus on the fundamentals: price action. The explanation of trading range rules and the importance of waiting for high-probability setups are invaluable. Definitely a must-watch for traders at any level!
90% of breakouts fail. Very good info. Thank you!
I had problem comprehending trading in general. I tried watching other YT trading channels, but they made the concepts more complicated. I was almost giving up until when I discovered your channel. I love the way you break down the content and explain everything in detail. The videos are easy to follow.
@henryalexander346*I'd advise you get a professional to help you get started. I learnt the hard way*
My personal broker/investment manager; Mr Nathan Davis, he runs an investment platform where you don't have to undergo any stress in the trades, he manages my account and all I need to do is invest capital and he gets a tiny bit of my returns as his commission
@lonniblaine2927Please I'm in need of a good trading company I'm a newbie would love to invest.
@@maryann1600 seeking his info
His availability is on Whatspp,
“Markets are designed to make countertrend entries favorable and with trend pullbacks look sketchy” truer words have never been spoken. It’s so easy to trade countertrend and so hard to stay in a with trend trade for this reason. We have to remember that if it’s easy, it’s a trap. The money is trading the difficult.
Rightly said 🙏
Well said
I just made 2k not taking the first breakout, or even the retest of the downtrend, but for a new low to form
Strategy officially goated
By scalping?
Please what’s the best time frame to use?
@@electronicaghanalimited9220 for this strategy I like the 15 and 5 minute
I’ve been watching a lot of content on price action. This is by far the best one I’ve seen. I love the way you explained everything. So easy to follow. Thank you for taking out the time to do this. It is appreciated!!
Thanks
Thank you ❤
I’ve been learning forex for six months and this video has increased my strategy atleast by 25%….by the power given to me,I rank it no.1 video this year…God bless u Thomas 🎉
Well explained. Thanks for bringing up the videos financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
Trading in Bitcoin now is the wisest thing to do now especially beginner.....
Most people think, investing in crypto is all about buying coins and hodling, come on it takes much analysis to be a successful crypto trader.
Please how do I go about it, am still a newbie on investment trading and how can I make profit?
Annabelle's assessment of cryptocurrencies is by far the most accurate... A must for all beginners and experienced crypto traders.
Ever since I started following Annabelle Hartfield strategies, my trading game has elevated to new heights truly a mastermind in the trading
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Thomas: I've watched a countless number of youtube videos on trading. This is by far the most valuable video I've watched, and I've literally watched it 6 or 7 times. Thanks, so much, for all your content...🙏🙏🙏🙏
Maybe the best video I have seen on Price Action for the last 5 years! Amazing! Congrats guys!!!
So thankful I found your channel. Last month my win rate was around 83%. Cheers Tom!
What’s your fav setup
I found this education because i have tried plenty of indicators and most fail as you pointed out. I am having more success trading supply and demand and trend. This is gold. Thank you very much for sharing!!
BEST PRICE ACTION CHANNEL ON INTERNET
LOVE FROM INDIA
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My Tesla dipped severally, resulting to about 40% drop in the shares value so far. I seriously need suggestions on how to diversify my portfolio made up of volatile Tesla.
Comes with the territory. Just live your
life and stop checking prices!
Nasdaq is down 25% ,from highs as well Tesla
is holding up really well.
Find stocks with market-beating yields and shares that at least keep pace with the market long term. However, for a successful long,- term, strategy you have to seek guidance from a financial advisor.
@@KerodyPSunil You are right! I diversified my portfolio across various market with the aid of an investment advisor, I have been able to generate a little bit above $35k in net profit across high dividend yield stocks, ETF ,and bonds during this red season.
@@albess8761 please can you leave the
info of your investment advisor here? I Will
need his/her, management on my much larger
portfolio.
I am ready to jump all in but I no nothing at all about trading and it looks intimidating and mathematical. I am a slow learner but once I master I am in. So let's do this if i could get your training
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life beause I invested early ahead this time .
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $109k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
My advisor Kate Elizabeth Amdall“” is highly qualified and experienced in the financial market.She has extensive knowledge of portfolio diversity and is considered an expert in the field.
this is my new favorite channel. this guys is talking about trading aspects I do not hear on other channels
As a price action trader but still struggling yet still learning everyday 24/7. Im very excited to backtest this strategy together with strict rules. This for me lighten me up about the phsycology of market and peoples behaviour. Thankyou very much.
I am trading more than 1 year but never come across the such important trendline rules, thank you very much ❤️
"From my perspective, this highlights the importance of having a competitive advantage as investors. Merely mirroring the market strategies of others is insufficient in achieving optimal results. I am currently grappling with the decision to invest in the current market, as it presents both uncertainty and opportunity. Could you share your insights on this matter?
The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
market uncertainties are the reason I don’t base my market judgements and decisions on rumors and here-says, got the best of me in 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happening in my portfolio, been using the same advisor and I’ve scaled up $3million within 2years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@@helenoliver4838 True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?.
@@stellamoore720 The adviser I'm in touch with is 'MARGARET ANN WARNKEN" and yes she can help. But note you can use something or someone else. for me her strategy works hence my result.
@@helenoliver4838 Thank you for sharing; I just Googled her name and her website came up right away. It looks interesting so far. I'm going to write her a message and hopefully it all goes splendidly.
11:30 Break outs SMT want to intice traders to enter the market so they can take the other side of the trade. 13:12 high probability set up rules 15:30 2nd leg entry.16:50 Up trend. NEW CONCEPT: failed 2nd entry short = bullish buy. 18:45 list of the trading rules. 20:55 First channel break is a trap. Inducing traders to enter trade in the wrong direction . 22:45 2EL and failed 2nd entry short (F2ES). 24:50 Objective is to Capitalize on a Premium or Discount in the market.26:16 first and second entry short going against the trend. SMT attempting to induce traders into panic and bail out allowing them to recapitalize at lower prices. 27:00 price action rules for down trends. 29:45 2ES 2ES then LH and BOOM..
RECAP4ME
- Enter only high probability trades (HPT)
- Price must be trending (Channel)
- HPT1 : Enter at pullbacks in direction of trend
- HPT2 : Last pullback will test channel (=double bars on LTF = candle wick on HTF = candle was testing channel)...ie EN@last pullback (=Trendline break), TP1@trend peak (New Low)
- HPT3 : enter@TP1, exit@trend channel break (=1st breakout of counter trend)
-HPT4 : enter@retest(after breakout of HPT3) exit@TP2=2nd breakout of counter trend (use whatever to calculate TP2 eg fib or SR)
I agree with all 4 HPT.
Although last pullback can be difficult to see if trend channel not drawn accurately.
Best to keep buying with trend (trend continuation in channel).
Best to buy with new trend (breakout & retest of channel)
The latter is MOST safest trade ever ( 100% guaranteed always happens )
i.e. in fib trading it's the leg CD in ABCD pattern ie enter@C (fib61%) to exit@D (fib161%)
Smart Money doesn’t care about enticing retail traders, because collectively, we have little to no impact in market movement.
Institutions (smart money) are the ones moving the market. Us retail traders are just the little guys riding on the shoulders of giants.
It’s more correct to say that smart money institutions are enticing other smart money institutions, rather than enticing us little retail traders.
They’re not concerned with our presence in the market on our puny $25,000 accounts. Smart Money is trading in the millions against other Smart Money players also trading in the millions.
wowwww that was awesome
i almost checked every price action clips in youtube
yours are higher than perfect
thank you man
I have been using trendlines for trading for quite a while now, and I have mostly been a breakeven trader. Recently, I came across your videos, particularly the one titled "The Only Price Action Setup Traders Need to Know: The Two-Legged Pullback Master Setup and How to Count Entries." I have watched it repeatedly, and the clarity it provided has been amazing. My trading has improved significantly. Although it may be early to say, I no longer second-guess my entries, even if a trade turns out to be a loser. I know I am sticking to my rules, and by doing so, I have become more profitable. Thank you!
Been trying to paper trade with this today. Staying consistent and patient.
So far so good. Added my own twist by putting a second EMA 3x my trading time frame (trading time frame: 5 min, additional EMA: 15min)
to get a hold of the bias or to confirm the trend. This helps me during ranges so I would only take trades in one direction.
Great videos! Ive been trading with indicators for months and I just get frustrated everytime because although Im following the rules, my loses are still bigger.
Most tutorial vids dont expound about the nitty gritty of some strategies, but you do and its awesome. Had nice earnings in paper trading today.
Good job. Just remember, it takes time to learn to understand price action. It is a skill like anything else.
What is the length or period of the first EMA Thomas uses? 20?
This was one of the best trading videos I've ever seen. Couldn't have explained it better. Awesome awesome video.
I swear you read my mind and gave us the rules with a breakdown (and visuals to boot!). I'm excited!
Wow, just wow. This is by far the best video/channel on YT. Thanks
When I first watched the video, it went like a bouncer to me. It was full of knowledge. As a beginner, I was not aware of many things. But after watching it again and again pausing the video and digesting the valuable content, I felt like a wow!! It was full of great knowledge.
Thanks took me around an hour to write and take notes, I am new on crypto! I know I will lose money at first, but all to get more knowledge!! Greetings from Argentina
What a great time to be alive! One of the most important lectures in a trading career for free. I'm forever grateful.. Subbed and liked!
One of the best videos I have seen. And I have seen hundreds
in market since 4+ years. didn't find any useful content till now. today i have found your video a perfect understanding video. great work.
Thanks for taking the time to make this video Thomas, it was very, very helpful.
a good way to avoid false breakouts is to use higher timeframe. i trade breakouts on the 5 on gold and use 15 and 30 for true momentum. and 5 basically for precise entry. if the 15 or 30 has a solid break and instead bottom wick (assuming its bullish) majority of the time its a good trade for me. but keeping in mind im only targeting 10 pips a trade.
Having a trading strategy is far the most important step to becoming a successful trader. I have tried multiple unsuccessful methods in the past but so far I’m making progress with professional help. I always look forward to your content!
How did you do it? I’ve tried to put some money in to see if I can earn but I always hit a dead end.
@@VikturneerTrading without sufficient knowledge deems your chances of being profitable at an inherently high rate because it is risky and requires considerable skill as individuals who attempt to trade themselves end up losing money. Making profit is possible, personally, I don't underestimate the role that professional guidance plays as Herman Jonas, a pro of repute has given me an edge over the market which has propelled me to make huge gains.
The recommendation is helpful. I’m trying to be trade better and make profits too. I bet slots are available for new traders as I also want in.
@Indianbybirth Sure, Hermanw jonas (a g mal comm
That man is a genius! I endured my fair share of losses when I tried navigating the market myself, but now I appreciate the genius of Herman’s approach to the market in helping me recoup from the losses I made earlier, and even go on to earn more. This is precisely the reason I pick him over and over again.
By far the best video on youtube, the way you explain all of that, much easier to understand
This is one of the best Price Action videos on UA-cam! Thanks!
Best video I seen... I know all rules which u told here. But still I had some confusion in that while applying. This video gave me good clarity. Thanks a lot.
great job description of price action.. my trading started improving when i started watching you. thankyoul
I’m originally a Mack student, but I can honestly say your videos have been just as helpful, if not more. Thanks for all of your effort, you are a blessing to the price action community. Much continued success.
Mack is great! I learned from him and Al Brooks. I just share my view and what has helped me in trading overall.
@@ThomasWade You remind me of both of them, but with your own new generation view point. Thanks again fam
This is one of the BEST videos I’ve seen. Very clear & easy to understand. I look forward to using what I’ve learned with my trades. Thank you!
Haven't you started trading? I am from India.
Love this video, finally someone talking about actual trading and not indicators.
When I started trading my loses always occurred because I failed to get in correctly, finding the absolute bottom.
My most handy setup includes Vwap combined with the Aroon indicator.
Many people also lose money on scummy stocks rather than ones with good fundamentals and volume action.
Identifying short vs long term strategies is also key. Most stocks end up rising even if they drop and you get stuck, if your strategy is short term scalping, avoid taking unnecessary risks.
Good refresh and thanks you for everything you do for the trading community without selling anything. Unfortunately reality is , 93% will fail because first , it takes years for hand eye coordination to develop to recognize these setups in a live fast moving market , and second ,,,, discipline ... You are perhaps the only UA-cam trader who is not looking to capitalize by selling courses etc and not being shy to show a losing trade , thanks again , hope can contribute myself soon .
This is excellent Thomas really appreciate the time and effort you take to make these.
In Today’s era of volatility, there is no other way but to re-invent. the only sustainable advantage you can have over others is agility, that’s it. Because nothing else is sustainable, everything else you create, somebody else will replicate
Most people today have been having a lot of failures in forex and crypto because of poor orientation and bad experts
Please it will be of benefit to me if someone can help with more fact that's working recently
I don't want to remain out of ignorance because people today have been having a lot complains about the market
Good to hear such education ideals
This I most say
in a few months or no time people we definitely be kicking themselves regret for missing the opportunity to buy or invest in cryptocurrency.
Probably the best video on trading that I have seen to date.
Just watching this for the first time last night and it paid off today. Subscribed. Wish I had found this channel way sooner, but better late than never (no FOMO tho!).
🙏
I've been learning price action trading for some time now and the way you explain it makes it very clear to me. I'm glad I found your channel. Thank you.
Best course about price action second entry ever,even better than macks,no word to describe thank you THOMAS
This look super informative! Cant wait to watch it later tonight :D
One of the best videos I've seen on this topic on UA-cam.
Holy moly, you're amazing!!! Seems like you took PATS and Al Brooks and added you to offer something much more specific and actionable, only listened to this video but will listen to more. Thank you for taking the time to do this video and offer it up to all of us. People like you, offer actionable information versus scamming and calling out trades for thousands a month that don't work, well just refreshing, so again, fantastic material, and thank you.
Trading: great information about first and second entries. Trendlines. Bad and good signal bar at entries. Thanks!
Trading has been rather rewarding to me and I've learned that getting a good return is very much attainable if you know your way around it.
How are you able to make profit? I’ve not been profitable the past 4 months I started trading.
Jonas Herman, a certified fiduciary is the brain behind my success. I've gotten into a plethora of assets with $15k spread across fx & stocks (options and futures) for the short term and, index funds, and ETFs, for the long term. Now with over 81k, I sit back and just reinvest at intervals while I focus on my job and family.
That's your view. In my experience, there is no such formula, it is nearly impossible to achieve success with trading. It’s all just gambling.
I’m new, I don't mind using a mentorship because I'm frustrated with the results I've been getting. How can I connect with him, please?
Hermanw jonas that’s his gmail okay
Wow the best sir! You finally put those rules you talk about in a super instructive video. Very well done.
You are King! Recently I have been curious about trend trading; and there is a lot of meat in this one 30 minute video. I will probably join your community soon. This is very helpful, thank you.
This is the holy grail right here. This works 100% tried and tested. It's all down to your knowledge gl guys!
Just wanted to say your video’s are amazing, I’ve been trading almost daily for 2 years and I’ve never heard the price action explained like this. With a couple small adjustments it’s taken my game to a whole new level. Cheers!!
🙏
I've FINALLY gotten my psychology consistent & this has been my primary strategy & the only thing i trade and I've barely lost because i understand when it will work best, when it may not & what will happen next if it doesn't go accordingly. This video is GOLD!! If you know, you know.
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Very engaging. Tried many trading bot/indicator out there none works out well, can someone recommend any, my finance is draining by the management of wrong people
I'm a beginner, how can i reach out Maria Hamilton? ANYONE PLEASE🙏🙏
i watched her on fox she was amazing....i am definitely writing her now, i cant miss out on this opportunity
I and my brother have been investing with her for over a year and I've made good profit of $882,030 that's not much but I'm happy with the progress, I don't have to look for jobs anymore
She is my family's personal Trader and also a personal Trader to many families in the United states, she is a licensed trader
@duttondawsonn Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call
This is amazing. I been following this concepts and ive had great results. I have a doubt. Around 16:35 we take the 2dn entry failed short but should we restart counting after the new Higher high?
Yes we reset the count at each new high. You can see the F2ES is also 2EL counting from the highs. So it is possible to get two setups like that in one pattern.
@@ThomasWade All right. It makes sense. Thank you!
Thanks!
You are kind! Thank you!
Now that was a good video. Thanks Wade.
This is another amazing training video, Thomas! Just perfect!
This is One of the best learning videos I have ever heard. Hats off to you sir. Thank you for the amazing content in this video.
You are only the second person I have come across who trades price action just like me. It's like we went to the same college, lol! I love it, great training.
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What time frame is best?
I like the 4hour time frame in the Forex and Minute charts in binary options.@@syedzainshah77
wow, what an amazing video! it's all about the basics of trading
most majority of traders tend to make trading complex and "scientific" by introducing lot of indicators and drawings on the chart.. whereas you're bount to loose your money if you don't master the basic fundamentals that governed the market action again and again for more than a century :
- trend direction, -trend lines, -support and resistance, -pullbacks, -what does price action tell about the psychology state of the market - and more importantly how to control one's emotions.
greetings from Morocco, north africa.
What a great video, an excellent example on how to understand the market. Though I watch your videos every week this is still a useful content. Thanks Thomas.
Excellent presentation Thomas... Thx 4 consolidating this into a single video... 💰👍😎💲
I don't usually comment but damn this is gold. Like I wish I could have watched it earlier, again and again. These are exactly the things I want to get drilled into my brain, still trying n learning. Very Well explained. To the point video, no wasting of time. You earned my subscription. Thanks for the awesome content! ❤❤❤
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He is very learned. He surveyed many traders and used his greed-o meter and fear-o-meter on them to reveal that the markets do reflect greed and fear. He also surveyed many other traders to understand their edge so he also know that price action will you the "advantage". I think you catch my drift.
I was running around indicators. Thanks for the inputs & supports for free.. Really appreciate your dedication. Cheers bro.. Do continue to educate us more please...
I started investing when I was 27, mostly through sweat equity. I just turned 32 and this last month was the first time that my passive income broke $100k for the month. This is solid advice! DO IT!
You don’t have to get rich quick, you just have to get RICH no matter what. 👍🏼
@Larry BrendaNot at all Having monitored my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently
@Zeo Stella The adviser I'm in touch with is "Jayden Nadav Bishopson" . He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me her strategy works hence my result. She provides entry and exit point for the securities I focus on
@@camilascarlett7736 what a joke
@@amtrades5336 😂😂😂scammers
Scammers 😂
With what I’ve learned over two decades trading in the market, given enough time, solid investments have the potential to double the initial principal amount, but many investors are instead attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses before even getting out. So the onus is on newbies to beware.
@Alina Lopez I work with a pro trade analyst whom has seen to it that I make consistent roi .
Leviclemans,info
on his webpage you can look him up online, and connect with him.
I tell people to enjoy a comfortable financial future, trading is absolutely essential. It’s not even to be debated lol. As the coronavirus pandemic demonstrated, a seemingly stable economy can be quickly turned on its head, leaving those who weren’t prepared for tough times scrambling for income.
Levi occupies my top spot for the second year running with the well-rounded features and excellent order executions.
I have a different issue as I've been trading for some time now but i've made huge losses. Can Levi help me?
could be the best, most concise price action video on youtube.
how many times have you watched this to grasp it as a beginner since it can be heavy information? great content. thanks thomas.
the best sunday ! jajaj thanks !
The best training so far
I'm loving your content! You're one of the best , if not the best price action teacher I've seen! I really appreciate it!
🙏
Possibly the best instructional video I have ever seen on UA-cam. 👍👍
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One of the best videos I've seen on trading strategies
Thank you Thomas.
This is one of the most informative info I've found so far
The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference
I have been making a lot profit through forex trading which has been the main source of my income
Actually an expert broker handles my forex investments while I invest in some real estate with the profit I make
John Hook handles my investment portfolio, he's an expert when it comes to trading forex.
He made over $12k with my $2k start up capital
He's available on G mail
This video is sooo helpful like I was in a class and he gave detailed explanation of each and every point. Thank you 😊
Hey Deepali, how are you? Have you studied stock market?
Just wow 😮 , I never ever watched a single pro video like this in last 3 years of time.
You are incredibly wise and honest.
Congratulations 👏🏼 🎊
Keep work hard , I randomly watched you channel and definitely I gonna watch and subscribe content.
Thanks again.
A break only happens once (failures, several times), it's very very important, thank you for all these videos.
A French follower
Trading of the highest quality💯...thanks alot living Legend!!🔥
Extraordinary explanation. Thank you very much for going through all this wonderful information and for sharing your knowledge. Please take care and keep sharing
this is actually the video any trader need