INTRADAY TRADING USING SMART MONEY CONCEPTSWelcome back to another video, today's video is a tutorial video that discusses how INTRADAY TRADING work using SMC strategy with three simple rules to find high probability entries and trades on SMALL TO MEDIUM TIME FRAME.
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Marketstructure
2:1 RiskToReward: Gold Sell Off This trade idea is supported by multi-timeframe analysis, trend continuation and market structure. All key components of sound price action trading.
Going into the trade setup, Gold is trading "flat" for the day (price is equal to the start of the day). However that doesn't tell the whole story, throughout the Asian session the market traded up and tested one of our levels highlighted from the market breakdown I posted last week (linked below). As the market ticked over into the London session, price broken below this marked red arrow line to signify both a break of support and also a break of the market structure on the small 1hr timeframe.
Bitcoin EnvironmentAmongst all the hesitation in the market right now, the environment on the larger scale ( M ) tells us a lot.
It's easy to see that the retracements of most 'bear markets' had approached the 80% retracement level, which is no different from the current market we're in.
There is currently a lot of fear surrounding the health of crypto at the moment, and I think it's important to keep an open mind, develop our own ideas and sentiments, and look at things from a broader perspective.
Do not be so quick to jump on the bandwagon of what is being pushed at the moment.
Key to unlock the true market structure!!!Have you been struggling with marking market structure? You may have come across many Youtubers who aim to teach the market structure, but in a very wrong manner either by taking fibonacci tool or by discretion. This Video can be an eye opener for you all who are struggling in marking valid market structure.
Market structure is the backbone for every other SMC concepts. Without market structure there will be no orderblocks, breakers etc. Even if you are a beginner in market structure, that is much better since you won't be acquiring the wrong knowledge in the 1st hand.
So are you ready to uncover the real mechanical market structure?
Video will be uploaded on YT at 6:30AM GMT on 25th November 2022
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Happy Trading!!!
-Team Lamda
AUD NZD - Approaching the next phaseG'day,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A note before reading - this is a forecast analysis - based upon a long term trading strategy looking for Fresh Demand/Supply zones.
This is tagged Long due to the overall monthly demand in control, until the opportunity of a rejection of the PCP has occurred or a long opportunity from a break and retest of the trend. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers. Until this criteria is met - no trade is taken until reactive, break or curve is confirmed.
Monthly timeframe
The monthly shows a strong test of the structure back in 2013 - where price has tested the September 2013 monthly candle 'close'.
Since this structure high, price has had a strong sell off with a large engulfing sell. Review below for the breakdown from the Fresh nested supply towards the demand zone.
Weekly Timeframe
Four Day in conjunction with Fibonacci extension
The four day has shown the similar zone which aligns nicely with the weekly.
Note- here that price has provided a clear sell off which has broken through and on the daily provided a break and retest. This would be the moment for a secondary sell could be placed with a confirmation on the lower timeframe(s).
Again structure provides a retest of the previous 'resistance' zone which aligns nicely with the End of August zone.
Daily Chart
Awaiting the reactive tap and then a further confirmation using the 8 hour or daily if preferred.
Price maynot reach the desired Daily, three day cross imbalance zone.
Upon a confirm - if price fails to provide engulfing moves - then expect a final push to complete the structure pattern within the arrival imbalance.
From here, price will need to test the curve and break the high curve allowing long term trades to take place.
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Professional analyst with 5+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
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LVPA MMXXII
GBP/JPY: Bullish setupGreat Britain Pound/Yen Japanese look bullish, what we can to get this opportunity to the upside direction, what I look that GBP/JPY still bullish form this point over $168.12 JPY. But if the price action still bullish in the next up confirmation ,we're very sure that GBP will continue strengthen.
So, this it's the idea that I decide to trade after GBP/CAD and EUR/CAD rose up and I was shorting them. But I'm sure that GBP/JPY will going to strengthen. But whatever, I will check what I fell in those trades GBP/CAD and EUR/CAD later of those review and how I can to work this trade a little more.
So, I enter in the midday that I'm in long from $168.51 JPY, and I update my Stop Loss now to $167.63 JPY and take profit toward $170.00 JPY.
Good luck in this long position!!!
Do not get exited about TSLA yet!TSLA was expected to trade today with low volume. Yet we saw higher volume than expected and a tug of war between buyers and sellers.
Today sellers closed with a slight advantage closing near the mark of $170.
Now it is up to the opening, If TSLA is able to open above $170.
then a $175 retest with a possible targets of $177 and $180.
Since it is a short week I am not sure what to expect yet we have data coming tomorrow and the FED speaks which can and will impact price.
On the other side an open below $167 will encourage sellers and they will aim for targets at $165 and eventual $148-$150. There is quite a price imbalance between these two support and resistances.
USDJPY I Short-term long opportunity Welcome back! Let me know your thoughts in the comments!
**USDJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
GBP/CAD: New Update!!!In H4 timeframe it's appear very clear that the price doesn't have strengthen to continue bullish clearly in H4 timeframe. What right now, we see two thing to consider. First, we see a bearish rejection in this previous higher, and then we see a weakness in the price action, it's like that the price want to drop like a butter in the air.
Right now, we see a bearish setup in this side as I comment for past days that GBP/CAD may to forming a possible drop, but now it's the time to sell and closed up manually long position and change to short now!!!
I'm shorting from $1.5889 CAD. Stop Loss to $1.5975 CAD. And my fix target to $1.5710 CAD. We hope this drop now as my analysis was update now to short!!!
Good luck.
As I closed up manually the long in GBP/CAD. I got only a small profit like 0.67% earned in this long. But now I'm shorting GBP/CAD
NZDJPY - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for NZDJPY.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
USD/JPY Trade setup.Looking at this trade setup on USD/JPY is setting up for a buy opportunity if price continues to show strong buying momentum, pushing the sellers out of the equation. You will notice 4 to 5 touches that price makes from price creating support to price breaking it then re-testing that same area which then becomes resistance. Price was in a phase of consolidation/indecision before creating a minor area of support which adds more confirmations to my confluence for a long opportunity. Watching 140.700 area. Updates on this setup will be posted throughout the trading week or for each upcoming trading sessions.