Smart Money Concepts
Trading Plan + Money Management.
"The biggest risk is not taking a risk. In a world that`s changing really quickly, the only strategy that is guaranteed to fail is not taking risk" - Mark Zuckerberg
Higher Timeframe Entry [2hr-1hr-45mins-30mins-15mins]
Previous Day/Week High or Low Liquidity Sweep
Change of Character (COCH)
Order Block
Lower Timeframe Entry[5mins-3mins-1min]
Return to Higher Timeframe Order Block
Swing Low / High Liquidity Sweep
Break of Structure
Order Block
Risk Management
Risk per trade = (Fixed 0.3% of initial Account Size)
Average Risk to Reward per trade = 1 : 30
Breakeven on Risk to Reward on 1:15
Add max 3-positions of risk per trade fixed 0.1 of Initial Account Size.
Added positions Risk to Reward = 1:10
Breakeven on Added Positions = 1:5
"The biggest risk is not taking a risk. In a world that`s changing really quickly, the only strategy that is guaranteed to fail is not taking risk" - Mark Zuckerberg
Higher Timeframe Entry [2hr-1hr-45mins-30mins-15mins]
Previous Day/Week High or Low Liquidity Sweep
Change of Character (COCH)
Order Block
Lower Timeframe Entry[5mins-3mins-1min]
Return to Higher Timeframe Order Block
Swing Low / High Liquidity Sweep
Break of Structure
Order Block
Risk Management
Risk per trade = (Fixed 0.3% of initial Account Size)
Average Risk to Reward per trade = 1 : 30
Breakeven on Risk to Reward on 1:15
Add max 3-positions of risk per trade fixed 0.1 of Initial Account Size.
Added positions Risk to Reward = 1:10
Breakeven on Added Positions = 1:5
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