How To Trade Like The InstitutionsI wanted to prove that you can genuenly use some good trading concepts to catch trades in the market. The market is chaotic, but it's not totally random. It's an efficient market that tries to price everything as well as possible!
I used the Volume Profile from the session before the pump to find out value area (where there is most liquidity). Furthermore I found a Low Volume Node. This is a place where there is little liquidity, I know that price will shoot through this level to the next level of liquidity!
I furthermore detected some bearish Order Blocks to aim for as I am looking for longs.
The reason you would be looking for longs, is because that price was trading above the 4H value line (center of contraction). This is typically a higher low, followed by a lower high (or vice versa).
Another important aspect is to go to a lower timeframe, where you can react faster to changes in momentum. Here I used the 15m timeframe to draw more value lines.
Whenever price is below a value line for the smaller timeframe, but above the one for the higher timeframe, we wait for momentum to give us a long.
The changes in momentum for longs are marked in the circles.
By doing this, you can accumulate a lot of good setups. Your targets are typically the high levels of liquidity of the volume profile, the value area and the bearish orderblocks.
Make sure to also look for imbalances, I have linked a previous setup where this was done.
Institutional_trading
SXP LONG PERFECT REBUY ZONEInstitutional traders will massively rebuy this level: 0.4598 - 0,4550. After a mid-term downtrend we could backattack our untested Pandora´s box with expected profit 5 to 10 percent in case the order would get filled. SXP is currently respecting our backside and frontside trend on higher and microtmrfs.
REBUY ZONE: 0,4598 - 0,4550
USING VERY TIGHT STOPLOSS - 15. MIN. CLOSE OF THE CANDLE UNDER 0,4549. THE WHOLE BODY OF THE CANDLE MUST CLOSE UNDER THE LVL.
Little advice for today: Start your market analysis with highest tmfr possible and always chase for the best entry.
$GBPUSD - Fed Rate To Rally Dollar Until 2Q *SMC**SMC = Smart Money Concept - See related Ideas for Tutorials on these concepts.
I pulled two smart Money Fibs on the latest waves. The largest of the two has a Liquidity point that could be broken by the end of the quarter as "Smart Money" or the intuitional powers that be, may push it that way. After it breaks the Liquidity Level (Below 1.20120) or near the top of the Order Block, which is also my first safe entry, then I believe The Pound will catch up and turn Bullish. So My SL is 1.18693 and Take profit is 1.25092 making it a 2:1 R:R I'm taking the Smart Money principles and risking the Most that you should at 3% of your account. Typically, you don't want to risk more than 2%. Just an FYI for any new trader that maybe reading this idea.
Happy Trading
- BXW
Retracement short waveThe market currently created a double top on a strong daily imbalance or rather a fair value gap, market just filed the imbalance for efficiency and created a double top in daily followed by a triple top on 4h after breaking the lower high, I believe the market is heading back there to retrace and create a resist to support flip/break and retest and for after that it will continue its movement up as we are in an upward trend and the daily yesterday close has created a very strong bearish order block.
EURUSD shortI am looking for EURUSD to go down here this morning. I think that Unemployment Claims news release will bring it down here. I may fall directly on 8.30 or another scenario will be it mitigates the 1.06500 (bank number) level and than falls. I am not taking a trade the first minutes of the news, I will look for an entry on the 1 min timeframe after it makes the manipulation.