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
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.