The Basic of Scalping Stock Indices - part 1
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- Опубликовано: 28 сен 2024
- Tom Hougaard - TraderTom Scalping Presentation April 2020
The Basic of Scalping Stock Indices - Lesson No. 1
👉 You can find Scalping Lesson No 2 (More Advanced scalping. here: • Scalping Stock Indices...
👉 The Scalpers Business Model
👉 Risk in Scalping
👉 Control your Mind when you scalp
👉 Scalping Trend within Volatility
Special Scalping webinar 2020 Part 1
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Hello Tom, after scalping the last year and a half or so I'm really impressed with how you are verbally describing the price action and defining these tricky situations. I'm slowly starting to see what I "feel" are good bull or bear scalp setups but watching and listening to you here helps so much in actually labeling and describing what is going on. Thanks!
Thank you, Brandon. 🙏
I just wonder, why
I haven't found your videos before. There are by far the most informative of scalping, I have ever watched. Thank you
Thank you 🙏
Welcome to the channel, we hope you find more content of value to you.
An important factor I learned trading NQ futures for the past two years is to be patient and wait for the market to trend or break out of a consolidation. Trading in a tight range is a good way to grind your account quickly and become emotional.
Yes , you are so right - It’s like forcing love,
Idk you might have realised if you patient the market present it self with set ups which you can trade but even me I just want to trade and get off the screen but when I come back that night to analyse I see that if I had waited like 30 more minutes I could have had the most perfect trade which would have been under my set up too patient is key in this game I realised
TOM SIR, LOTS OF LOVE & REGARD FROM INDIA.
I HAVE TONS OF RESPECT FOR YOU.
MAY GOD BLESS YOU,
THANK YOU SO SO MUCH, FINALLY I FOUND WHAT I WAS IN SEARCH OF SINCE MONTHS
Every word from Mr. Tom is absolute wisdom. 🙏
Thank you 🙏
Thank you Tom - lovely presentation - you articulate what runs in my mind while seeing live charts in an unapologetic ruthless style - fantastic stuff - thank you, thank you Sir -
Love your stuff Tom, been around for a while, and you are definitely the real deal, look forward to making you a part of my trading world!
You are welcome 🙏
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
That’s crazy, I’m just doing everything wrong with my portfolio.
The US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable considering we’re not accustomed to such troubled mrkts, but there are avenues lurking around if you know where to look. My wife and I are retiring this year with over $7,000,000 in tax deferred investments. up until 3 years ago we were 100% in the S&P. During bear markets we had a perfect plan. We got an investment manager in our corner and didn’t look at our portfolio for nearly a year.
Same here, 75% of my portfolio is in the red and I really don’t know how long I can stomach the losses. I’m beginning to reach a breaking point.
Patience patience patience. It's a cycle.... a sucky point in the cycle, but a cycle nonetheless.
Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
this waiting at 55.50 is a great lesson, patience, maybe have some stories stored up for these moments. Keep us entertained while we wait! :)
I just become your 68800 follower and i am highly impressed by the igh didactic value of your videos !! Thanks for sharing them !!
Thank you 🙏- and welcome to the community.
What I saw in the last part was that you would e been stopped out more times than not when the price kept moving up and down and ultimately went up. The beginning was understandable but after the initial big move up, t he ere wasn’t enough action to not get stopped out unless the stops were extremely large which is not smart.
Excellent material
Thank you 🙏
Hi Tom, thank you for this video. I've learned a lot. It's clear to me where to take losses now. Could you elaborate a little more on profit taking?
Hi Daniel C, thank you for your good question. I think it would be better to make a video on this matter. Else I would have to write an easy about the topic. However, Tom homeschooling, trading, give signals to the Telegram Group, and working on his new website and a huge list of videos to be made. Your questions are on the list to be answered in an in-depth way.
@@LennieClausen_dk Hi Lennie, I've looked at Tom's website and Telegram and he doesn't seem to be active. I'm also wondering why you're replying on behalf of Tom. Is he no longer active on RUclips? Maybe you bought his channel and content?. It's all good stuff , I'm just wanting to understand :)
@@alip4207 interesting that neither replied to your question.
@@norm9069 I am part of Tom's Telegram group and Lennie is someone that helps Tom with his IT. Tom gets loads of messages across the different platforms and often apologizes he can't keep up. Although they didn't reply here, Lennie is genuinely associated with the real Tom Hougaard (there are many fake accounts)
mayank army like here 👇#the trade room
Just started trading and your videos have been very helpful! Yet I am a bit confused. So these are the criteria for buying on close. Note I will refer to everything as bullish because bearish would be the exact opposite.
- if we have a full blown bullish candle with zero to no tail or wix then we go long because it appears that there is momentum in the bullish market
- if a level of resistance has been established from previous higher highs/lows the same day and a candle manages to break above it but doesn't close above the level of resistance, i.e the candle's body doesn't surpass the level of resistance then we will go short .
Are there any other criteria for entry if so may you please reply to this comment with the list of criteria of entries and I learnt from your videos that take profits are special to every market however may you elaborate a bit more on that.
Best regards,
Hlo tom I love u r videos u talk about trading be true I m trader who wip up account 3 time in one year soo please advise me what I should do please reply ....once again thank u soo much
Without knowing you or your trading style - you got to look inside .... get your trader's mindset right.
Any questions? Yes, did anyone see the conflict of the Buy (or Sell) on close and the part where he explains when there is a green (or red) bar, the natural instinct is to Buy (or Sell) but we should do the opposite? I guess it is in the context of the recent price actions, or perhaps it has to be a momentum bar? I'll watch again and grab the timestamps in case anyone replies to this.
Do you have a timestamp - and I'll try to give the answer your question deserve.
@@LennieClausen_dk 20:15 is the start of Buy on Close, 5 Min charts, this is for trending markets, 38:40 is where he explains ranging markets and this is where it can be best to do the opposite, so I got it, going to watch Pt 2 and much much more, thanks to you and Tom.
40 min in - third bullet. Should it not read "I will actually buy" ?
Hi, you are right - it's a typo. It should read "I will actually buy"?
Virkelig god info, hvad er dit take med s&p 500 FUTURES, men denne metode?. takker.
Hej Morten, du kan sagtens handle SP500 futures. Det eneste du skal være opmærksom på er dit gebyr/commision. Nogle steder betaler man ret meget for, at handle futures og så er ideen med at scalpe nogle få points ikke rentabel.
Lennie Clausen takker, men jeg tænker også i forhold til volatilitet. Jeg tænker at øve mig på MES. Når jeg stopper med paper trading. Får at få en føling med det.
@@mortenstenberg5452 sp500 har fin volatilitet.
How does this guy give presentations? Look at his track record 2020
Hi, I'm not 100% sure what you mean - did you mean to say where does he give presentations? Between you and I, Toms track record for the last 15-20 years have been something else.
Well explained in terms of trading range. Would it been better to scalp if having considering trade volumes
Can't you see where vol is building with your eyes? - else you have homework to do.
I understand what you are saying. An accurate volume counter is crucial to my scalping decisions
The volume on this video is really low.
Tom is aware of that - the sound should be much better in future videos.
Very good
🙏
hey Tom, Do you know Johnny Sins?
lol they do look alike
Very interesting. Thanks a lot for sharing
Mikkel, you are welcome.
Hello. Are heikin ashi candles and vwap a good support for scalping? Thanks
Hello Paolo, Tom isn't a big fan of indicators. Personally, I can see value in vwap. But you really need to have as few indicators on your chart as possible. It is so easy to get information overflow if you have a lot of indicators on your chart. You might want to watch this video. ruclips.net/video/VUjwD1XZQrs/видео.html
Thanks for the fast reply. Oh yes, I totally agree on TA indicators. I'm woking on naked price (and volume at time) chart, testing HA
to get a clearer view of the trend and the momentum. Last but not least, for scalping, I'm switching from time to tick charts (to incorporate price and volume into a single "tool"). What do you think about tick chart? Thanks
@@paolo357 anything less than 1 min. is to fast for me. Some indicators can be good. But you need to understand why you use it what is the pros and cons. ie. regarding Heikin I do see pros but I see more cons
Thanks Lennie.
I apologize for the many questions I ask, but I am trying to learn as much as possible to scalp better and better ;) I set up tick chart at 34-100-144 and 250 ticks
@@paolo357 no need for apologies, I do my best to spread Tom's words and his mindset. A wise man once said there are no stupid questions only stupid answers. If I failed to explain it feel free to ask more.
Can I scalp on the S&P 500?
yes, you can scalp SP500.
Thanks for the video Tom
You are welcome 👍
Dear Tom, I just want to tell you that I am grateful for your work. I know you have received regrettable feedback for your live trading and even for your book. You have stated multiple times - as always in immaculate and precise english - that we, those that follow your work are solely responsible for our trading. I know how I would feel If I was in your place. In 30 years I have maybe written 2 comments on RUclips, but I can't help this one: Thank you Tom. You are clearly sincere, you kept me from quiting and I bet Dr. Paul is very proud of you.
Viele liebe Grüße aus Deutschland Tom! Dankeschön ❤️
i have taken down notes on my trading journal and name these scalping techniques as Tom Scalps :)
Hi Stanley, I'm not sure if you saw part 2? Else here is something for the weekend: ruclips.net/video/I6d54ODRZsY/видео.html
One of the best scalping commentary to watch.
Thank you so much, Harvey
I endorse this comment👌
Watchng this video 20th time in last 3 month. It makes my psychology right.
Thank you very much for this, I am enjoying your tutorials. Even though I do not understand everything (beginners' issues) I find it easy to follow.
You are welcome. Didn't everyone start at one point? Most of the videos are rather long (I think we missed the youtube concept). What you can do is coming back and rewatch from time to time. You will often notice more when you watch it a 2nd or even a 3rd. time.
How can i join your group? Your content is damn amazing and it works... I trade gold and what you teach is absolutely beneficial.
It's in the description of if not all then most videos.
✅ Follow my Telegram group for FREE trading signals daily - all day: tradertom.com/trading-signals/
Be aware Tom also has a swing trading channel.
I too trade gold, any ideas?
@@blackwhispers1942 Bullish
Tom, you are really generous. You and your channel now is crucially important part of my life now. God bless you always. And thank you for existing.
36:18, i'm on the edge of my seat. this is really a priceless video. thank you again
Hi, Tom I came across your lecture, and I just wanted to thank you for taking the time to make this! This is exactly what I have been looking for. Thank you kindly.
does this scalping works on Forex ? tom
Wao... amazing... would request you to post some more in future
Hello shashikanta mishra, you are welcome. More content is on its way. Did you watch the Traders Mindset videos - like ruclips.net/video/ozaOAupN5_Q/видео.html
will this work for forex as well?
😂Toltore kell tennem 15 0rakkor Sara
I don’t know how to communicate with you in one by one, but I am requesting you from my bottom of my heart. Please come back on a daily basis. You are just God gifted for us because we are live in far from you. I live in India, which is I think the most far from you and I appreciate really, really, really appreciate your work very, very much, your kindness, God will bless you very, very much. Please come back and update and share your life trading life for us who really appreciate you. Please come back in this world. No one have that courage that you have. No one have that mentality that you have. I am very blessed to have you, please, not let go like this. Grab our hand. Please come back.❤
Hi Tom, Can you do a video on scalping gbp/usd. And gold. Thanks
You have definitely not watched many of the streams. Short answer NO. So you think you have more important things to do - so better a Pro Trader takes you thou what you are too lazy to find on your own?
But when one comes to realize that the market is in a trading range that's probably when the market is going to break out of it
😉 It's a cruel world
Been a member of toms gtroup now for few years, covid sparked my lust for learning, and this is very informative thank you tom for taking the time to share
Thank you Kelvin.
Thanks Tom
Brilliant insight for me Tom, Thank you.
Thank you Ashley James
, you can find more related videos in the Scalping playlist.
Session ended with a Powerpacked statement. Thanks Tom.
Thanks for sharing great knowledge Tom. CU
Thank you for watching 🙏
Very helpful video, thank you for taking the time.
You are welcome - don't forget part 2.
@@LennieClausen_dk thanks, will def. watch. Tom mentions sharing the slides - is it possible to have them to study?
thank you
I would love a copy of your presentation
Thank you Tom! Amazing video!
Pleas make part 3
you learned trading from Al Brooks?
Tom definitely learned from Al Brooks. But much more for his own work.
This i so F...g good!
Thank you sir
Im new to trading and am trying to learn. I was told by a friend to watch your videos.
Im very interested in forex.
Would you say your videos on scalping, other methods, psychology, etc are directed to a certain audience (forex traders vs stock market)? Does it even matter?
Hello Matt
You can use this on any chart. However, I would not scalp single stocks or FX.
Does buy on close work on a 10 minute time frame for the Dow?
You can use everything Tom teaches at any time frame. So yes to Dow on a 10 min.
Hi Tom..any indicator u use in scalping??
Tom prefers to use Naked charts. But from time to time he put an ema on the chart.
If you have 15 min. you will see Toms approach to indicators: ruclips.net/video/VUjwD1XZQrs/видео.html
@@LennieClausen_dk EMA of what period?
@@shashikantamishra5399 this has everything to do with your own trading style. I know Tom has used 50 and 89. Personally, I use 9 and 34 EMA. You could try those.
@@LennieClausen_dk thank you
@@LennieClausen_dk in 5minutes candle or 1minute??
What account risk % are you using per trade on the scalping strategy? Many thanks i would think 0.5 or 0.75 is appropriate?
Most of the time it is not a % but a fixed amount.
I'm a 4:1 trader so I'm swimming in losses 68.75% of the time. 31.25% of the time I'm right. I'd rather trade a fixed amount than a constant 1%. It's not unheard of for me to see 10 trade losses in a row occasionally. But I'd hate to see 10% of my account gone. That doesn't sit well with me.
the telegram still active ?
Yes, Tom will be back Monday.
Thank you Tom. Appreciate. UK
You are welcome - don't forget to watch part 2.
good stuff !! tape reading it's art, no doubt.. thank for sharing :)
You are welcome 👍
1:23 Audio clears up.
👍
very nice session sir 🙌🙌
Thank you - don't forget part 2
Nice vid , it can be so much learnd here .
🙏
Awesome videos
Thank you 🙏
Did you watch part 2?
Great video, thank you!
Thank you 🙏
Did you also watch part 2?
Jeg glæder mig til den dag jeg kommer rigtigt i gang med trading - har lært utroligt af at være med på sidelinien - men pt. er jeg forelsket ;-)
Godt at høre - men burde du i det mindste ikke bruge hvad du har lært på en demo konto eller en lille funded konto ?
Super video Tom 🙏🏻
Thank you, Rune
Take advice from 25 years of experience. It is literally impossible to be long-term profitable by scalping or day trading. Main reason is catch 22. if you put stop too close huge volatility and hectic moves will stop you too many times to count. If you increase stop your profit will have to be bigger which is almost impossible to reach due to the high volatility and too many changes of direction
Exactly. One of the eye opening moments for me was watching the video "PROOF That Forex is RANDOM" To be honest there is a bit of predictability in high frequency trading but for retail trader is entirely buried under cost of spread. This industry is all about squeezing money out of wannabe traders.
How do i get a copy of the webinar?
Hello can you expand on which webinar you want?
@@LennieClausen_dk As many as i can get
@@lineofcoke4796 Great come back 👊 ruclips.net/p/PLTIUSbN_V17WLcVqKojcempfyKyzEUrIp. Toms old student had access to hundreds of hours of webinars in Danish - but they will not be shared here. Mostly because they were in Danish.
@@LennieClausen_dk Is there a website i can visit to see his English webinars, i really love his trading philosophy and techniques so if there was it would be much appreciated
@@lineofcoke4796 no. 1: they are in danish 2: people shared very personal stuff for a very limited amount of people they all knew from the course.
Very interesting process and reasoning. I would like to look at those stats you mention, although this is a one year old video so they may be no longer available.
Sorry - it's a little late.
ive been trying to learn to read level 2 and order flow for a while but i keep seeing traders who dont use it? was told by a wall street trader that is how some of the best trade im so confused way too much info on the internet just found you and i like your channel thanks!!
Hello, level 2 data is indeed useful. But you can train your eyes to see the levels. The internet and youtube are full of people trying to sell you fancy indicators, prem courses, and live rooms. But to be successful you got to take the time and make your own plan. What good for you. What timeframes are best for you, what risk levels, what setups, etc? You got to plan your trades and trade your plan. And be aware most youtube channels just try to sell you stuff. The easy path to trading will most likely be the wrong path.
@@LennieClausen_dk appreciate the insight have a good day sir!!
Thanks Tom very helpful as always Have a great trading week.
Thank you, David. Great trading week to you.
Great presentation, Tom! Thank you.
Hi Tom, please send me the notes. I like your way of trading and the mind set that you have. Scenario trading..
You can perhaps find it in the telegram group - else you need to send a mail to hello@○tradertom.com - please be aware Tom has 2-week vacation and he will have thousands of mails when he get back.
@@LennieClausen_dk thanks for into. Could please provide Telegram group name?
@@ktradr On the phone in description on all videos
Don't forget Tom is on a vacation so don't expect to be added before soonest in 2 weeks
I admire your video.
Thela laal h.... @MayankSingh😂 @Traderoom
Thx Tom
Hi Tom, can you please confirm if you have the telegram channel for investors who are willing to send you money and you can trade for them with high returns? Thank you
I answered this question already.
Please read the answer before you post the same question again.