As promised, here is the breakdown of my trade on GBPUSD :) Check the links to related ideas for more context. Make sure you watch the Element of Time tutorial to better understand this breakdown.
The element of time is a technical analysis tool that I've previously elaborated on -> Check links to related ideas. The illustration is pretty self-explanatory. First attempt failed, however price presented a better opportunity a couple hours later which ultimately yielded all our profits for the week. I will provide my thought process, execution and exits for...
Smart Money Concept or rather 'SMC' is the new retail approach to the market with virtually everyone involved with this method yet people are still loosing money and blowing accounts, the question is why? Click on the video and find out.
Why are order blocks formed? Order blocks are created when a breakout move doesn't go to plan. If banks get caught in a fake breakout move, they aren't going to sit and cry about it. They are going to push the price back up/down so that they can close out of their negative positions to join the correct side of the market. Stop using order blocks that have no...
Daily Review - Free Course How To Trade Smart Money Concepts
Inducement is a trap before an area of supply or demand. Price will usually lure impatient buyers/sellers into the market before the zone is met to create liquidity. Once the impatient traders get trap [ped and stopped out, the true move begins. This just goes to show the importance of sitting on your hands! Traders, if you have your own opinion about this...
Hi, Those who follow me know that I only trade with pure price action and volume . If you are someone who also hates the subjectivity of indicators then you'd find this interesting. This is what I look for before taking continuation trades, keep in mind that what's important when you trade like that is the concept of weak high/lows and strong highs/lows. When...
Brief explanations I form my narrative based on ICT concepts, I form my entries based on the free Phantom Trading content. My appraoch is based on my understanding of these concepts, which may not be objectively correct according to their teachmgs, but it's what works for me Premise: M1 flow - Typically I look to trade M1 flow in line with M15 flow, but not always...
I saw an enormous liquidity pool being created by price on GBPUSD. All i was anticipating was for price to come attack that area which i call the HOTSPOT. The market is seeking for liquidity time after time,so have it in mind that price is built to attack all strategies. Liquidity is the only reason price moves,this is why even after all the confluence and...
Part 1 of this Educational content we looked at Market Structural behavior in reversal of trends. Part 2, we are going to take a look at SMCs. Important things to know about Wyckoff’s Schematics are. Always start of plotting Supply and Demand zones on HTF. Accumulation and Distribution should take place within HTF Supply and Demand zones. An...
Market Structure | Impulse & Corrections 🎡😈 What is Market Structure? Market structure is a trend-following technique that traders use to read and track how the price moves. Bullish moves, bearish moves, and ranges in between Market structure is also known as price action at times. As a result, we call it market structure since that is how the entire market...
In this example, we will look into the parallel channel formed on AUDUSD. How Retail View the Breakout: Price broke and re-tested the breakout trendline Price should now continue bearish after showing signs of rejection How Smart Money View the Breakout: Price broke out of the retail trendline, liquidity has now been formed in their stop loss...
Im continuing the OANDA:GBPUSD back test loss the first trade but quickly adjusted to win two back to back patience is the key understanding the higher time frames as well.
I was back testing OANDA:GBPUSD and decided to share my thought on how I trade SMC rather it was a win, loss, or break even. Im using top down analysis, order blocks, liquidity, institutional order flow etc...
This is a Smart Money Concepts Diagram With Labeled Wyckoff Accumulation And Distribution Schematics. These are the main smart money trade setups that you will find in your charts, this is how smart money (big banks, funds, composite man, etc.) manipulate markets to engineer liquidity. Wyckoff methods teach a bigger picture view of the markets and why they are...
I've annotated my charts for your convenience. Enjoy!
Dollar gains on upbeat US Retail Sales data. Gold Slips from 1 month peak. Gold case study of last week action using Wyckoff method, Market structure, Liquidity concept and SnD.
I've annotated my charts for your convenience. Enjoy