Scalping Stock Indices - Defragment a Chart 📈
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- Опубликовано: 28 сен 2024
- Day Trader Tom Hougaard from TraderTom explains how he scalp stock indices.
Scalping stock Indices - Defragment a Chart 📈
🔹 The Art of Scalping.
🔹 Scalping Stock Indicies.
🔹 Legal vs nonlegal Scalping.
🔹 Does your trading broker allow scalping?
🔹 Scalping FTSE/UK100
🔹 Low spread FTSE scalping.
🔹 Al Brooks "Close is close enough"
✅ Visit Tom Hougaards website: tradertom.com
✅ Follow my Telegram group for FREE trading signals daily - all day: tradertom.com/...
👍 Please like, subscribe & comment if you enjoyed it - it helps a lot! 👍
👉 Videos on Day Traders Mindset:
• Psychology
👉 For more related videos about Scalping as a Day Trader:
• Scalping
#TomHougaard #TraderTom #ScalpingStockIndicies
It all starts in the head and ends with the chart. Thank you for the passion with which you share.
Thank you adam 🙏
what an insight! I traded purely based on moving averages and RSI, but didn't get much positive result.. hence, will apply this micro-tracking on the rallies and pullbacks
Thank you so much. If you are new to the channel you might find value in Toms Trading Psychology Talks too 👉 ruclips.net/p/PLTIUSbN_V17W-c4gClZkfvnVT1bMDy5k6
If you are watching this and skeptical? Probably. However, why is it that few, if any people, show trading like this on youtube? The answer is not because it doesn't work, but because it is complex and requires skill and experience. Well, guess what, you are trading against experienced, competent traders. If it were as easy as trading gurus make it sound, we would al be taking perfect 'setups' with 2:1 risk/reward. Do you enter trades and then think that the market just seems to randomly go against you? This video (and much of Tom's trading range discussions) are why.
Sure, you don't need to scalp. Tom says he scalps around other positions (I haven't seen more that his scalping videos). But, I think you need to get to this level of analysis and thought process to be a successful trader. I have to say though, I can't quite trade/scalp like this yet, but getting there.
Interesting that you mention Al Brooks. He gave me my 'Ah-Ha' moment in trading that turned me for WTF is going on to 'Oh', now I see and able to be consistent.
Videos are awesome, thanks for doing this.
Hi Edward, I agree 100% with you. Trading is NOT easy but can be learned. Regarding the so-called "gurus" most have some online courses to sell, this perfect indicator or are just RUclipsrs who make videos like "Beginners guide to ema trading" or something like that 😂 - 🆆🅰🆁🅽🅸🅽🅶 🆂🅸🅶🅽🆂 ❗. Tom only wants to pay it forward and help people. To be honest I think you made a mistake only watching Toms scalping videos. You should watch his psychology talks from London 2020 or 2019. The 2019 Talk isn't stupid at all ruclips.net/video/ozaOAupN5_Q/видео.html
What a valuable all your videos 😍.
Thank you 🙏
At 34:54 I refer to that as a 2b pattern I find it better than a double top as now there will be trapped buyers above the last high and when it pulls back below that high I treat it as a failed breakout and short the hell out of it. I have seen u use a similar bar to bar micro 2b pattern for your entries in a video, you called it something else, the micro ones make for great momentum scalps when it reverses the last bar after breaking its high or low.
Often the same patterns have different names often with a minor twist. When Tom trades double tops/bottoms it's often with a little twist.
Tom I have a HUGE question! How do you decide when to scalp or when to position trade?
Hello, Just just called so I asked. I was pretty sure but he added one point. Tom looks for timeframe, where are we on the chart what setup PA etc does he see. And then he added his mood.
From India ❤
Thanks so much for sharing all this, it is GOLD. Lennie I notice you are doing a lot of the replying for Tom and you seem to have an in depth knowledge of his trading methods, please would you tell me a bit about how you came to be working with Tom and about your background and trading styles? Also, I'm a trader who is currently paralysed (in trading that is), I've been trading on and off for 25 years with lots of damaged accounts. I'm wondering if demo drills would be good for me, to build muscle memory and good habits. Does Tom have any ideas or drills for this? Again thanks to you and Tom for all that you're giving.
To make a long story short. I meet Tom first time some 8 years ago I attending a 1-dag course. Every Dane with access to Toms old webinars will know my name. Over the years we got as good friends as you can be when you live in 2 different countries. In 2018 I kept asking Tom to do a youtube channel. After several months of hard work, he said ok - I can do that but then you have to administrate it... I ( Tom ) don't have the time to answer hundreds of questions. So I could take the ball or say forget about it. I do talk with Tom most weeks several times ... some weeks not at all ... But Tom knows exactly what's going on even though I do 99,9% of the answering. I know what Tom looks for but I don't necessarily trade the same way. I do know 90% ish of what Tom looks for. I can personally agree or disagree. But I try to answer in Toms spirit thou my words.
I hope this will help you understand our relation.
@@LennieClausen_dk Thanks Lennie!
@@magicauckland You are welcome.
Such an amazing video love to wait again and again try to make one on Dow as well. And can you tell me what broker do you use for scalping indices ? I live here in Ireland but don't know which one broker to use for scalping. I just scalp at morning Europe FTSE and then noontime here Dow Jones
Tom uses td365.com for his trading.
Another question, please:
could this technique work with heikin ashi candles (time or, for me better, tick based)? Thanks again so much
Hi Paolo, Then I would use tick chart. Tom have done a video on Heikin Ashi if you would like to watch it: ruclips.net/video/476bZ7BZeO8/видео.html
Great content
Thank you -Pst and it works ;-)
Mivel egyedul elek,,vannak dolgok kozben amit meg kell csinalni,,,Bocsanat
Hi Tom, I'm halfway through your trading manual and just wanna say a massive thank you. Your information is so valuable and the fact you are giving away your years or acquired knowledge for free speaks volumes about your character. I've been trading with mixes results for about 2 years, finally coming to the conclusion that it is indeed my psychology that is the waning factor in my success. All the best
this is awesome . ive been watching your video's all day. so much value and help here for my scalping. you are the only coach that really focuses on both trade and mental game!! thank you Sir Tom
Thank you so much for your nice words 🙏. A little tip💡 most of the videos are worth watching twice to get all the details.
We try to make a different channel than "trading ema cross... for beginners". It's great that you find value to spend a good part of your Saturday watching.👍
This is great, because this realistic, this is is what it does more often than showing perfect order: it pulls your biases from one side to the other pretty often. It can be exhausting.
“Scalping is an art form” ✅
I need all of the insight that I can get. This is pure gold. I'm not even looking to scalp, but I just need better entry points/signals.
Thank you 🙏 And you can indeed use the same thoughts on your preferred time frame.
Tom meg áll a tablettemToltore kell tennem Jó EjszakatSara
Good trades can be winners or losers. Thank you for another awesome video
Making good trading decisions
Good Process - win - lose - both good
Poor Process - win - lose both bad - especially poor process and win ...you will train your mind to do all the wrong things.
EXCELLENT TEACHING WITH FACTS , GREAT SIR TOM
Awesome 😎 information
I love how he breaks it down an it’s help me in my trades
I’m getting better 😀
Can’t wait to trade for real $$
That is great to hear Ashley 👍
Do you scalp using cmc markets at all if not what wood you advise to trade with them?
Cheers for grate content
Tom uses Trade Direct 365. I'll not comment on other brokers.
Man, this is complicated. But it has huge potential, I can see the retracement potential for scalping. Never think of doing it like this
It is not hard when you have done it a few times. And it is very powerful.
I just realised the impact you have on me. Here I am trading ASX at Asia session and I need to hear your smoothing voice in the background while I'm trading 😅
Excellent Excellent Excellent
🙏 🙏 🙏
Thanks for the video. Next times,
will you also talk about scalping on dax, dow, nasdaq, sp and russell?
Hello Paolo
, the next video will be FTSE/UK100 too. Should be up in days. After that, there should come one on Dax. After that time will tell. But I'll make a note
Thanks Lennie to make a note, US equity indices are very interesting too ;)
@@paolo357 Indeed, Tom trades Dow a lot, especially in US sessions.
Awesome vid Tom best seen for a long time.
Thank you 🙏
So nice of you going in such details
Wonderful
great video, love the way the chart was broken down by counting points, make sense and eye opener.
Glad it was helpful!
Ahh forgotten *by me* tool of zig zag counting - good idea.
often works crazy good ;-)
Thanks for video Tom. What UK based broker would you use for trading CFD and best suited for scalping?
Hello Ramsay77
, after the ESMA rules which were implemented August last year. UK and EU based brokers were limited to 20:1 leverage. Therefor Tom uses an Australian based broker called TradeDirect365 which gives 200:1 leverage. TD365 has regulations like UK and EU but in most cases is better for day trading/scalp trading. Tom did a review here: ruclips.net/video/UBF7Bmv1IuI/видео.html
You can scalp FTSE in EU session for as low as 0,4 point
thank you for the video, very informative
Thank you for watching.
What is ETX like for scalping do they have any rules for how many trades you place or do they just let you get on with it
Hi alfred king, Tom uses ETX (broker) for the 30-sec chart but at the time being he uses Trade Direct 365 for executing the trades because they have smaller spread on FTSE/UK100 0,4 points in spread. Some days Tom takes 100-200 scalp trades on FTSE without any problem.
@@LennieClausen_dk thanks, if I decide to open an account with td365 have you a link for me to refer you guys
I start watching your videos which or where of all your videos recommended start watching thanks for your help
That is hard to answer I don't know you at all. But if I presume you have decent TA skills. I would definitely work on your mindset. ruclips.net/video/d7wQIsdiXZQ/видео.html
@@LennieClausen_dk thanks but im trying to figure out his strategy first I just started watching his video and is so much videos I don’t know how to start.
@@vincentporleone3737 Fair Q... if I was you I would keep it as simple as possible. Selling double tops (resists) and buying Double bottoms (support). And perhaps look for traps - your entries looking for traps. REALLY all you need.
After you have a simple strategy every thing is in your head.
@@LennieClausen_dk thanks again good advise 🙏
Many thanks Tom.
Hi
Grumpy trader75, you are welcome, the next video in the scalping series should go up in a few days.
02:52 I think the broker-report on Toms website was removed - as I understand it - it should only have been removed temporarily due to some disputes with one of the brokers that was evaluated in the report. Anyone who knows if the report will be uploaded again, maybe Lennie?