GBJPY Blending Smart Money Concepts with Long Money Concepts
Smart Money Concepts since its inception with ICT have polarized the trading community mostly in a positive way, and I think said concepts are more handy for traders who have experienced many cycles in the market and are looking to refine their edge
with the advancing technology and the transaction basis of today's exchanges based on a liquidity perspective.
ICT has pioneered a new way of understanding liquidity especially on the granular side of trading, but most traders, including myself, that don't have the edge which is tenure and experience, these concepts are too simple for a complex sport, and the play book of course
is tailored to the team's strength and weaknesses.
One thing I have noticed in the trading community is that since there is no barrier to entry, like any entry level job, without the experience you cannot expect to make much off trading in the beginning phases as a trader. You have to study theory, history, psychology, and just the environment around the ticker
and tape to really grasp the notion of the science. Yes, trading is a zero sum game, but let us not get lost in that saying because mostly everything in life is zero sum. Ying and Yang.
As of recently I stopped annotating things like break of structures to define trends, chochs, and unnecessary order blocks. Think about it. What really is a break of structure?
What is really a change of character?
Liquidity Sweep?
Imbalance?
Think about it all these terms coincide with events that in reality define a certain market personality. To my perspective, none of these terms actually exist on the chart.
If you go by the assumption that pricing has already accounted for the events in the then to now, then in reality, there is no real imbalance, liquidity sweep are just market fluctuations, and a choch is literally price curb tailing itself in the other direction, simply put.
But then you have to ask yourself the famous SMC question.
Where am I in structure?
That's where the SMC free trial ends, and the error begins, now you have to buy the course from your mentor.
One thing I'm learning is that in today's timeline, instant gratification is the reason why most traders give up.
This takes time. Trading isn't a game like they say. It's not a job either. It's an understanding.
It's a language.
SMC is very powerful yes, especially for intraday traders, but for me, it's not enough to draw an actual framework that can be fractalized, besides the order blocks, which are subjective.
The market moves with intentions, and regulated prices stop on the weekend, because guess what, it's the weekend and the market makers, liquidity providers, and large speculators have lives too.
But that doesn't the intentions aren't still there.
Frequency, tonality, personality, and modes are codified in the market just as any word coming out of your mouth. It's a language. And no fluent speaker learned to speak what they speak overnight.
It takes time. Fall in love with learning this new language.
with the advancing technology and the transaction basis of today's exchanges based on a liquidity perspective.
ICT has pioneered a new way of understanding liquidity especially on the granular side of trading, but most traders, including myself, that don't have the edge which is tenure and experience, these concepts are too simple for a complex sport, and the play book of course
is tailored to the team's strength and weaknesses.
One thing I have noticed in the trading community is that since there is no barrier to entry, like any entry level job, without the experience you cannot expect to make much off trading in the beginning phases as a trader. You have to study theory, history, psychology, and just the environment around the ticker
and tape to really grasp the notion of the science. Yes, trading is a zero sum game, but let us not get lost in that saying because mostly everything in life is zero sum. Ying and Yang.
As of recently I stopped annotating things like break of structures to define trends, chochs, and unnecessary order blocks. Think about it. What really is a break of structure?
What is really a change of character?
Liquidity Sweep?
Imbalance?
Think about it all these terms coincide with events that in reality define a certain market personality. To my perspective, none of these terms actually exist on the chart.
If you go by the assumption that pricing has already accounted for the events in the then to now, then in reality, there is no real imbalance, liquidity sweep are just market fluctuations, and a choch is literally price curb tailing itself in the other direction, simply put.
But then you have to ask yourself the famous SMC question.
Where am I in structure?
That's where the SMC free trial ends, and the error begins, now you have to buy the course from your mentor.
One thing I'm learning is that in today's timeline, instant gratification is the reason why most traders give up.
This takes time. Trading isn't a game like they say. It's not a job either. It's an understanding.
It's a language.
SMC is very powerful yes, especially for intraday traders, but for me, it's not enough to draw an actual framework that can be fractalized, besides the order blocks, which are subjective.
The market moves with intentions, and regulated prices stop on the weekend, because guess what, it's the weekend and the market makers, liquidity providers, and large speculators have lives too.
But that doesn't the intentions aren't still there.
Frequency, tonality, personality, and modes are codified in the market just as any word coming out of your mouth. It's a language. And no fluent speaker learned to speak what they speak overnight.
It takes time. Fall in love with learning this new language.
bear with me lol