Follow the advice of Price Action trader Thomas Wade
This video highlights one of the best scalping strategies that can be used in day trading. Whether you are trading forex, crypto or indices, this Scalping strategy will work incredibly well.
This Scalping Strategy also works on any time frame and can turn into long term position holding. Price action describes the characteristics of a security’s price movements.
This movement is quite often analysed with respect to price changes in the recent past. In simple terms, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying solely on technical indicators.
The only people who know where the market is heading are institutions. They are the ones who make the market move and our job as a retail traders is to follow their footsteps and get the piece of their movement. As a price action traders we need to find the most profitable ways to enter trades.
The highest probability setups are 2nd entries at the key entry points.Thomas Wade