$EURUSD - End Of Week - Economic Calendar vs. Algorithm (SMT)
***SMT = Smart Money Technique = the lck of believe and use of retail theory strategies. It is an algorithm that seeks liquidity and balance. We doon't trade off trndlines, no do we follow channels, or harminics, or belive in supply and demand. There's al Algorrithm nd the Candles givee you the keys. per ICT.
And I could be extremely off for this.
AAAlright so it seems that the Euro has been slowly going down throughout the week. I don't see tomorrow being much different even with NFP numbers coming out. It is acting as if there is still liquiidity to be broken on the sell side. Especially the equal lows right at 1.15400. I think it will break a little higher during the London session and cross the Median of the 15 min Fair Value Gap, probably even cover the FVG it and hit the bearish order block before dropping.
One scenario I do have is it hitting that 1.15450 area aas it is a bullish order block under a FVG and stopping there and slowly moving up since it is the end of the week. Howeever, It is NFP Friday, the worst day to trade, So I'm not going to even thinkin about trading this. But I'm putting out my guess as to wht would possibly happen. What we're looking at just below a few deviations below the Asian Range as well as using the fib for a short sell after it gets above premium and into that median of the 15 Min FVG gap around 1.15750, I wouldn't be surprised if thats the time we get the worst volitlitity and people chase it up aand it does go up for a brief moment but then it just falls straight though the Liquidity /equal low area at 1.15400 and the straight on throught to the 175% exxtenssion which just so happens to also be the Mar High of 2020 during the high volatility of Covid around 1.154115 which is also inside a dailly order Block.
Chart Seen Here::
We'll just have to wit and see what happens.
Happy Trading
And I could be extremely off for this.
AAAlright so it seems that the Euro has been slowly going down throughout the week. I don't see tomorrow being much different even with NFP numbers coming out. It is acting as if there is still liquiidity to be broken on the sell side. Especially the equal lows right at 1.15400. I think it will break a little higher during the London session and cross the Median of the 15 min Fair Value Gap, probably even cover the FVG it and hit the bearish order block before dropping.
One scenario I do have is it hitting that 1.15450 area aas it is a bullish order block under a FVG and stopping there and slowly moving up since it is the end of the week. Howeever, It is NFP Friday, the worst day to trade, So I'm not going to even thinkin about trading this. But I'm putting out my guess as to wht would possibly happen. What we're looking at just below a few deviations below the Asian Range as well as using the fib for a short sell after it gets above premium and into that median of the 15 Min FVG gap around 1.15750, I wouldn't be surprised if thats the time we get the worst volitlitity and people chase it up aand it does go up for a brief moment but then it just falls straight though the Liquidity /equal low area at 1.15400 and the straight on throught to the 175% exxtenssion which just so happens to also be the Mar High of 2020 during the high volatility of Covid around 1.154115 which is also inside a dailly order Block.
Chart Seen Here::
We'll just have to wit and see what happens.
Happy Trading
Trade active:
Take profit sv it crosses the Liquidity line!! near 1.15410
Comment:
Also Shorten the Stop loss I would do 1.15630. Profit tken should've been bout 20-30% of the total. Also Shorten the Stop loss I would do 1.15630. Profit tken should've been bout 20-30% of the total.
Comment:
20 pips to start off the day is not bad.
Comment:
Still doing ok bout 25 - 30 pips in, looks like we could see a rise and it his the Bullish Berish Order Block as noted and continue downward. I'm going to start focuing on Sand, Eth, and Blok in the Crypto worl now as I move to stop loss to breaak even.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
