$EURUSD = Ending the week With a Judas Swing Short *SMT*
Updated
*SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges, trendlines, channels, harmonics, etc. has any effect on how price reacts. I'm sorry, but you won't convince me that Tesla or Bitcoin knows it has created a triangle and that it knows how to react to that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will do 2 things 1) move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines, etc.) and 2) Move toward Imbalance (Fair Value Gaps, Liquidity Voids. Open Gaps) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.*
The asian range ican be a good determining factor as to where to look as to which direction the end of the week will move toward. First I look at the NY opening price at midnight. Price should cross that point at some time during the next trading day, whether it be during london or NY session, I honestly don't know. But it should get just above the recent swing high and breaking buy side liquidity and hitting a bearish blockj and then dropping towards the sell side liquidity breaking the lsell side iquidity created last friday by the daily low. The standard deviation of the asian range is exactly at that same low from last friday. So I have two entries,.
0.51% of account - 1.7:1 ratio
Entry 1 -0.98135
Stop Loss - 0.98797
Take Profit - 0.97000 (Just above the standard deviation to be safe)
1.75% of account ~6.4:1 ratio
Now my second entry is based on the space between two bearish order blocks .
Entry 2 -0.98456
SDtop Loss - 0.98670
Take Profit 0.97000
Additionally, I ee the dollar dropping to a bullish order block and moving up to fill a liquidity void (that should happen about the same time as the take profit hits) Then My analysis has the dollar dropping below the liquidity as the dollar contiues to drop in its valuation.
I'm hoping I hit both entries and I am able to calculate this correctly that I hit both entries and hit bothj take profits. However, due to the nature of the asian sedsion, I think It's only going to hit the first entry and take profit. If I expect that, I will probably add more to my position at some point, probnably when I can the direction is reversing, (if it does)
I could be wrong and it continue upwards, breaking structure in the upper prices. Howevber, if you look at my ideas back til may, I have not lost a trade. I may have to pass on the knowledge that was given to me via private mentorship if I keep this up.
EDIT: AFTER POSTING AND LOOKING AT PRICE ACTION THERE IS A 15 MIN fvg ALREADY LOWER THAN CURRENT PRICE, IT WILL WANT TO FILL THAT IMBALANCE.
Lastly in case it doesn't get to my final take profiut, I do have 3 goals to aim for. I usually do 30% 1st target, 30% second target 35% last target, leave a 5 % trailer to see if it continues down and keep moving your stop loss each time you hit a take profit so you dont los your winnnings.
Good luck and happy trading.
EURUSD
DXY
DX1!
EUR1!
The asian range ican be a good determining factor as to where to look as to which direction the end of the week will move toward. First I look at the NY opening price at midnight. Price should cross that point at some time during the next trading day, whether it be during london or NY session, I honestly don't know. But it should get just above the recent swing high and breaking buy side liquidity and hitting a bearish blockj and then dropping towards the sell side liquidity breaking the lsell side iquidity created last friday by the daily low. The standard deviation of the asian range is exactly at that same low from last friday. So I have two entries,.
0.51% of account - 1.7:1 ratio
Entry 1 -0.98135
Stop Loss - 0.98797
Take Profit - 0.97000 (Just above the standard deviation to be safe)
1.75% of account ~6.4:1 ratio
Now my second entry is based on the space between two bearish order blocks .
Entry 2 -0.98456
SDtop Loss - 0.98670
Take Profit 0.97000
Additionally, I ee the dollar dropping to a bullish order block and moving up to fill a liquidity void (that should happen about the same time as the take profit hits) Then My analysis has the dollar dropping below the liquidity as the dollar contiues to drop in its valuation.
I'm hoping I hit both entries and I am able to calculate this correctly that I hit both entries and hit bothj take profits. However, due to the nature of the asian sedsion, I think It's only going to hit the first entry and take profit. If I expect that, I will probably add more to my position at some point, probnably when I can the direction is reversing, (if it does)
I could be wrong and it continue upwards, breaking structure in the upper prices. Howevber, if you look at my ideas back til may, I have not lost a trade. I may have to pass on the knowledge that was given to me via private mentorship if I keep this up.
EDIT: AFTER POSTING AND LOOKING AT PRICE ACTION THERE IS A 15 MIN fvg ALREADY LOWER THAN CURRENT PRICE, IT WILL WANT TO FILL THAT IMBALANCE.
Lastly in case it doesn't get to my final take profiut, I do have 3 goals to aim for. I usually do 30% 1st target, 30% second target 35% last target, leave a 5 % trailer to see if it continues down and keep moving your stop loss each time you hit a take profit so you dont los your winnnings.
Good luck and happy trading.
EURUSDDXYDX1!EUR1!Note
Look below as there's more discovery on the larger time frame of the weekly supporting this idea. Also I am not a financial advisor and cannot legally provide financial suggestions. Although I may study and become a licensed professional, I'm not now unfortunately.(Chart support weekly bearish breaker)
Note
After watching the price action and analyzing, I changed my entries. I'm not having two, I'm only having 1 entry. 2% risk of accoumnt on Entry - 0.98045
SL -0.98540
TP - Same
This makes more sense with the fair value gap above could just be enclosed and then it would start moving bearish. That closure is at 0.98072 I don't see a reason for it to reach higher, enclose the fair value gap and move toward liquidity. Evn though there is massive liquidity above, that's where everyone is ex[ecting it. Not me, It'll come back late for those equal highs.
Trade closed manually
I closed the trade aroubd 25 pips when I realized it was dancing on the consequential encroachment line. However, I believe it is going to move up again during the next london sesssion and falling to the take profit area. So I closed tthe trade to guarantee some profit. It maxed at about 34 pips. If you took this idea i dion't think it entered the second entrance. But I did enter a second timer I'll be checking out he price action as the night goes on and give an update on what I think it will tomorrow. Although I believe in this original idea, I may have a new entry and and stop loss.
Trade closed manually
Not holding over the weekend and not sure whayt's going to happen going into NY. But I was close enough that I'm happy with my profits.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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