If you want to learn Smart Money concepts, but you don't know what to start with, this article with help.
I will share with you 5-steps Smart Money Concepts learning plan . 5 important topics to study in SMC.
Topic 1:
Market Structure - the analysis of a behavior of a price on a chart.
In the contest of Smart Money Concepts you should learn:
-SMC...
This post is directed towards novice traders who harbor the belief that honing trading skills and mastering profit-making strategies is achievable solely through practice on a demo account. However, the unforgiving reality of statistics paints a stark picture: approximately 65-80% of novice traders find themselves facing financial losses within the initial months...
What is a level breakout?
A breakout is the price's consolidation above a certain level followed by further movement in the direction of the breakout. But the immediate question that should arise in your mind is about the consolidation of price, as it might be difficult for inexperienced individuals to understand. However, there is nothing overly complex about...
The Intricate Dance of Gold and the U.S. Dollar
The relationship between the U.S. Dollar Index (DXY) and Gold prices is a fascinating study in economics. Typically, these two have a reverse correlation. The reason for this inverse relationship is that gold is priced in U.S. dollars. Therefore, when the dollar strengthens, gold becomes more expensive for...
Hey Rich Friends,
Happy Wednesday!
I wanted to share one of my top 3 favorite indicators with you.... The Stochastic (STOCH). As a leading (vs lagging) indicator, it is perfect for beginners because you can find entry and exit signals with only a few key details.
Adding the STOCH to your chart:
1. Search the indicators for "STOCHASTIC" and click once to...
Knowing when the RSI and price are in a ranging phase even in the short term can be a difficult process.
You are either #Ranging #bullish or #bearish. At least in the Algo v6 you can get a clear vision of exactly whats happening.
In this video im going to give you a VERY simple strategy on:
1. How to know if the RSI and price are ranging
2. When do i break away...
Hello traders welcome back to another Concept video. In this video, we detail some of the best times to trade the Eur/Usd Currency pair. This happens to be at Session opens. We go through the 3 Session opens and walkthrough examples of increasing volume ( Large candles). Session opens can provide a great catalyst for 1) a continuation of momentum of the preceding...
The Power and Beauty of Price Gaps
Price gaps represent a clear imbalance in supply and demand, making them one of the purest representations of momentum in financial markets. These gaps occur when there is a significant disparity between the closing price of one period and the opening price of the next, indicating a sudden surge in buying or selling pressure.
...
Why Crypto Markets Sometimes Pump on Sundays: A Global Market in Motion
The idea that Sundays are boom days for crypto prices is a persistent one. While there can be occasional weekend surges, it's not a guaranteed bonanza. Here's a deeper look at the reasons behind the Sunday pump theory, including the role of global time zones, and why it's important to...
Before we dive into the world of trend lines, I recommend familiarizing yourself with the support and resistance zone
Here we go:
Trend lines are one of the most universal tools for trading in any market, used in intraday, swing and position trading strategies. Properly drawn on charts, they help to predict the direction of price movement and identify trend...
When it comes to technical analysis,
the understanding of which support and resistance levels to not trade can be as important as knowing which ones to trade.
In this article, I will show you the structure levels that professional traders avoid to maximize their profits and minimize losses.
Invalidated support and resistance
Invalidated...
The purpose of this video is to show you how I approach the market. The video tutorial is done on GBPUSD, and if you like the way I trade, let me know on the comment section.
How to Trade a High Wave Pattern
In the dynamic world of trading, the high wave candlestick pattern emerges as a potent instrument, offering valuable insights to traders as they navigate the intricate terrain of financial markets. As we venture into the setup, this exploration will illuminate its fundamental principles, strategies, and tools that empower traders...
An inside bar is a two- candlestick pattern used in technical analysis to identify potential breakouts or reversals in the price of a security.
The first candlestick, called the "mother bar," is any sized candlestick. The second candlestick, called the "inside bar," is entirely contained within the high and low of the mother bar. This means that the inside bar's...
The Wyckoff Trading Method
The Wyckoff method is a popular technique for analysing market trends, finding reversals, and making informed trading decisions. In this article, we’ll provide an overview of this decades-old system and explain how you may apply it to your strategy.
What Is the Wyckoff Method?
The Wyckoff method is a type of technical analysis...
Hey traders,
In this post, we will discuss 3 classic trading strategies and stop placement rules .
I will teach you how to set a safe stop loss, relying on price action.
1️⃣The first trading strategy is a trend line strategy .
The technique implies buying/selling the touch of strong trend lines, expecting a strong bullish/bearish reaction from that.
If...
Here we take a look at trading pullbacks using the Keltner Channels. I cover the initial setup, the types of entries, and trades to avoid.
This setup contains 3 parts:
The channel touch
The Pullback
The Entry
The Channel Touch
Here is an example of the beginning signal in our setup, a band touch. The top and bottom bands represent the ATR (Average...
What Are the Most Popular Trading Exit Strategies?
In trading, having a solid exit strategy is essential for managing risk and securing potential returns. This FXOpen article explores four popular exit strategies, offering traders a comprehensive look at how to refine their exit plans and potentially improve their trading performance.
The Importance of Trading...
