Institutionallevels
Smart Money SHORT | AUDJPYLooking at AUDJPY. Waiting to see if we can get some sort of retracement back up towards the previous order block.
This could happen very soon with the BoJ interest rate decision. So, we could be tagged in and tagged out pretty quickly if the price goes against us.
Let's see how price delivers itself
Smart Money LONG | EGLDUSDLooking at this coin in particular if you are a crypto trader
Look to buy at 1 of these 2 levels to get the best potential price
Smart Money LONG | AUDCHFLooking at AUDCHF we tagged a 4HR POI, The order flow then slowed down, and now we have had multiple breaks of structure on the lower timeframes
We will have to see how price delivers itself, if the high that has formed is broken for me it will become invalidated
Any questions feel free to ask
Smart Money LONG | WTICOUSDLooking at potentially seeing West Texas Oil rise to my next 4HR POI
-First Target - 7.49%
-Secondary Target - 15.74%
^^^ These are targets but I never set a take profit upon taking a trade entry I only ever manage according to the structure.
Any questions feel free to ask
Ben
Smart Money CONCEPTS - Can you relate?Here is an overview of (to me) why support and resistance don't work (at a successful enough rate).
If you feel like this is the case be honest with yourself. And maybe try something new. please remember the 90 90 90 rule!!!
90% of traders
Lose 90% of their account
In the first 90days
Have a little think as to why?
For the majority of newbie traders that enter the market.. the first thing they are taught to understand?
Support and Resistance, Trendlines, Fibonacci (does work if used correctly)
So just be mindful of what the banks are doing and understand from their perspective that if they know the MAJORITY trade Support and Resistance... Don't you think they know where the majority of the people stop losses are going to be? ...
Any questions feel free to ask