We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SM must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
Here u will find a thought process to identify these spots on chart, where SM stuck with their orders.
We want to play with SM so, we looking for entries (depending of direction) on HEC in 3 spots:
- top of WICK
- top/bottom of BODY candle
- 50% of BODY candle
BITCOIN SIGN - MONEY POCKET (SL, BUY STOPS, SELL STOPS)
BLACK ARROWS ARE ABOVE AND BELOW THESE MONEY SPOTS
BLUE LINES - ENTRIES WITH SMART MONEY MITIGATION MOVE - SNIPER ENTRY FOR US
BLACK LINES FOOT PRINTS - SPOTS ON CHART WHERE SMART MONEY SHOULD COME BACK TO GET OUT OF THEIR POSITIONS IN DRAWDOWN (SM MUST SELL TO BUY AND BUY TO SELL)
BLACK BOX - GAP's (IPA - INSUFFICIENT PRICE ACTION) - SPOTS ON CHART WHERE PRICE MOVED TOO FAST, AND LEFT SOME "WHOLES" IN PRICE ACTION WHERE ALGORITHMS WHAT TO COME BACK AND FILL IT BY "HEALTHY" PA.
EQH - EQUAL HIGHS
EQL - EQUAL LOWS
PA - PRICE ACTION
SM - SMART MONEY
HEC - HIGH ENERGETIC CANDLE (LAST OPPOSITE CANDLE BEFORE MOVE) <- SM MUST SELL TO BUY AND BUY TO SELL :)
I'm so grateful to Mentor's which I met on my trading journey for this knowledge, and cause of struggling few years to discover how the market really moves i decide to share it for free with all of u.
My only goal with it is to Help all of u to have a breakthrough in your Trading Journey and obviously it will impact all your surroundings <- generate more time 4 u, more freedom and this will impact others.
We are all human beings but we act as enemies being against each other.. Stop fight with each other! Focus on Freedom, and broken Governments who keep us under financial leash! Live is amazing, but u already know that...
We've been simply INDOCTRINATED and BRAINWASHED to be slaves in this CORPORATOCRACY SYSTEM... But TOGETHER we are strong, so do your homework, and share this knowledge with someone u take care of...
If u have any questions go ahead and ask:)
GOD BLESS U ALL!