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$DOT - 39.36 15 Min Gap to Start Slow Swing Up in December *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. SMT does not believe in triangles, wedges, tendlines, channels, harmonics, etc. First is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The second thing to remember is price will move toward Liquidity and Balance. There are two gaps if you zoom in close enough at the bottom of the current turn and at the price I recommend to the opening of the trade. Yes there maybe wicks that enclose it but that doesn't always matter. I've seen these close on a daily timeline on EURUSD lately and turn right around. We're also in between a weekly and a monthly Fair Value Gap (Fair value gap is the gap between the wicks in a 3 candle succession) The monthly is filled and the weekly has been hit halfway. And that's all you need in SMT for price to recognize an imbalance and start moving in a bullish direction. However, my stop loss calls to hold for the full part of the weekly fair value gap just in case. However, I don't believe that will be the case. I think we will hit one of the two gaps whether it be today or tomorrow and that would also fill the imbalance that you can barely see. Now that the imbalances are taken care of what's next? To take care of the liquidity. Liquidity will rest at double lows, double highs, anywhere that a trader would have a possible limit order. The algorithm will attack these areas because retail will think the opposite. Such as the double highs where I have a silver line running across the top. Retail traders will see this as resistance and sell short. Smart Money knows this and they will get near it, pull it back to let people chase it south once it gets up to that area and then they will take the price up taking prices to hit short stop losses. Look at gold where there are 4 "resistance points" and the 5th time it pulls back and breaks through. Example: So be careful around these areas that's why I'm giving this timeline 2 weeks to work out because we'll end November on a red candle. December will once again be a green candle and it should start off strong. So that's why I have this end next Saturday. Any questions or comments please let me know. Happy Trading! :) The price is coming up so I need to release this.
Long
by BodiesXWix
4
EUR/USD Long - Closing out a Monster position +29% ROI!!!!!!We have just closed a Monster long position in EUR/USD with a RR Achieved of 1:29. We have banked + 29% ROI since 4th July 2020. Using strict risk methodology of -1%. We have 10% left running on our long EUR/USD with our stops adjusted, locking in positive R Also. __ This trade was a combination of Wyckoff methodology, Price Inefficiency and Order Blocks. Please feel free to join our FREE Trading community where you will see the trade broken down across multiple timeframes, or send us a private message for any questions or queries. Best Wishes Phantom __ OANDA:EURUSD
Long
by Phantom_Trading