Here is a little insight into why so many retail traders fail trading things they first come across in terms of trendlines, support and resistance, double bottoms, double tops and many other trading strategies
Trading smart money concepts (SMC) allows you to take away all that subjectivity in terms of waiting for an "engulfing candle", "Lower low lower close candle", Higher high higher close candle" or "Pinbar" candles.
SMC allow you to remove all of these things you are waiting for and allow you to set pending orders within the market and once price taps into your desired area the trade is taken and you don't need to sit at your computer or laptop waiting for certain candlestick patterns to arise.
Of course you still need to wait for price to set up in a certain scenario. But understanding Supply and Demand or Cause and effect will have a massive bearing on your trading journey
I'm not saying its the "Holy grail" but I believe it will take your trading to another level
Any questions please do ask.
Trading smart money concepts (SMC) allows you to take away all that subjectivity in terms of waiting for an "engulfing candle", "Lower low lower close candle", Higher high higher close candle" or "Pinbar" candles.
SMC allow you to remove all of these things you are waiting for and allow you to set pending orders within the market and once price taps into your desired area the trade is taken and you don't need to sit at your computer or laptop waiting for certain candlestick patterns to arise.
Of course you still need to wait for price to set up in a certain scenario. But understanding Supply and Demand or Cause and effect will have a massive bearing on your trading journey
I'm not saying its the "Holy grail" but I believe it will take your trading to another level
Any questions please do ask.