MES1! Today, I will present a large part of my strategy using three excellent example trades. It consists of various (SMC) concepts that I have combined.
Entry:
First, I look for an OB, BB, hidden divergence or liquidity sweep on the 1-hour chart. Then I go to the 15-minute and 5-minute TF and look for further RSI divergences, SMT divergences or OBs as confirmation and wait for an MSS.
(Important for hidden divergence: only enter after confirmation and leaving the divergence zone)
Take profit:
I set my take profit depending on the situation. Either just before a liquidity pool or on the Fibonacci extension zone 1 or just before zone 1.618.
Stop loss:
I set my stop loss just behind the OB or the candles of the RSI divergence zone, whereby I must achieve a CRV of at least 3 for each trade.
Feel free to give me feedback on my system and ask me questions!
Shoutouts to Sirc255 through who I came upon RSI!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.