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Smcconcepts

GBPUSD 1.30424 0% MULTI TIME-FRAME ANALYSISHELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE from HTF - MULTI TIME-FRAME ANALYSIS GBPUSD DAILY TF * We've had 3 weeks of bearish close on GU. * ERL TAKEN looking for IRL on the weekly. * The weekly & daily TF show we are still showing signs of a bearish move. * But seems we may see continuation with the bears On the D. * GBPUSD took External range LQ , looking for that internal range LQ to be taken(W FVG). * We are trading in discount of the move,This is where I would be looking for long entries. * With PO3 looking to open bullish to confirm a move lower into premium PD ARRAYS. GBPUSD 4H TF * looking for Thursday to head bullish into the -OB for a bearish week close. *open I will probably be looking for shot positions OPPORTUNITIES. * We will see what does the market dish. * 4H lookin for a push into the -OB (po3) to sell intraday . GBPUSD 1H TF * We saw a rally with the bears, strong momentum to the downside ON the 1H. * Looking at the 1H -OB + -FVG, this is where I would look for LONG entries this week. * Should this PD ARRAY hold will be Short for the GBPUSD. * BASED on the price action served this week. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
14
XAUUSD Trading for 12 Sep 2024 Didn't manage to post my trade idea earlier but this is a sell trade I took earlier today after price took out the buyside liquidity and reversed from the 50% level of the long wick marked by the dark red line. Have closed my sell trades and looking for new opportunities. Still prefer to see price drop all the way down to take out the ITL (intermediate term low below. Note how XAUUSD have been stuck in a tight range on the weekly/daily which presents good opportunities to buy at the bottom discount or sell at the top premium.
FOREXCOM:XAUUSD
by ffxfighter
Two Roads to Profit. A Comparison of ICT/SMC and Advanced VSAHello traders and investors! When we start engaging in trading and investing, we get acquainted with various methods of forecasting price movements. Gradually, if we have enough persistence, strength, and patience, we choose our own path to profitable trades. Among the most popular approaches, we can highlight the use of various oscillators and channels, Dow Theory, Elliott Waves, Fibonacci levels, supply and demand, Volume Spread Analysis (VSA), market auction theory, and the Inner Circle Trader/Smart Money Concept (ICT/SMC). Many traders combine elements from different approaches into their trading system. I personally prefer a concept I call Advanced VSA. It’s a comprehensive set of tools that combines ideas from VSA, Dow Theory, and Supply and Demand analysis. The name "Advanced VSA" perfectly captures the essence of the method, as it is fundamentally based on analyzing volume and price spread. Recently, the ICT/SMC concept has been gaining more and more popularity. Today, I want to explore the similarities and differences between ICT/SMC and Advanced VSA. If there are any inaccuracies in my explanation of ICT/SMC basics, feel free to correct me in the comments. Perhaps after reading this article, you’ll be able to decide which approach resonates more with you and which one you believe will help you in your trading. I hope this will be helpful. Let’s dive in! Basic Differences Before diving into the technical details, let's first clarify the key differences between these concepts. Who Controls Price Movements The ICT/SMC concept assumes that price movements are controlled by large players, such as market makers, who direct prices in the desired direction. This is similar to a model where one "center of power" determines the market's direction. In contrast, Advanced VSA is based on the idea that two forces influence price — the Buyer and the Seller. All analysis revolves around the interaction between these two sides, creating a more balanced model where both forces are equally important. Traded Volume The ICT/SMC concept does not use traded volume as a part of its analysis. In Advanced VSA, volume is an important factor. It is considered an integral part of the data that helps to understand market processes and the actions of participants. Now let’s move on to a detailed comparison of the elements of these concepts. What They Have in Common Both concepts teach traders to identify price ranges on the chart where a large player (Market Maker in ICT/SMC) or a Buyer (in Advanced VSA) shows interest in buying, and ranges where the Market Maker or Seller is interested in selling. When the price returns to these ranges, traders can execute buys or sells. We can call these price ranges contextual areas for buying and selling. Neither concept relies on technical indicators. Instead, they focus on the following key terms for identifying the trade direction and the trade entry point: Trend Trend break/half-trend Trend confirmation Accumulation/Distribution/Sideways movement/Flat Contextual areas for buying and selling The first four terms help determine the direction of the trade, while the fifth helps identify the entry point and the likely target of the trade. Both methods suggest using higher timeframes to find contextual areas and lower timeframes to find entry points within those areas. What Are the Differences The differences between the concepts lie in the interpretation of key terms. For the first four terms (trend, trend break, trend confirmation, accumulation/distribution/Sideways movement), the distinctions are minor and relate mostly to specific interpretations. However, the main differences arise in the rules for identifying contextual areas of interest (buyer, seller, or market maker). Let's look at these differences in more detail. Difference 1: Use of Volume In ICT/SMC, contextual areas of interest are determined solely based on price action and candlestick patterns, without taking traded volume into account. In contrast, Advanced VSA sees volume as an integral part of the analysis. contextual areas of interest are identified by both traded volume and price behavior (candlestick patterns). If there was interest from a buyer, seller in a specific price range, leading to a price change, it's logical to assume that the volume traded in that range should be higher than in previous periods over a similar timeframe. To illustrate the importance of using all available data for analysis, consider an analogy with choosing the best time for a seaside vacation. If the decision is based only on water and air temperature, while ignoring factors like wind or rainfall, the choice may be misguided. For example, choosing April for its comfortable temperature might result in encountering constant rain and high waves. Thus, in Advanced VSA, volume plays a crucial role, whereas it is absent in ICT/SMC. Difference 2: Types of Contextual Areas of Interest In ICT/SMC, the following types of contextual areas of interest are used: order block, breaker, mitigation block, and rejection block. All of these areas are formed by a specific arrangement of candles on the chart. In contrast, Advanced VSA operates with a different set of contextual areas of interest: effort, zone, and range (sideways movement). Effort refers to a single candle or bar that indicates significant market activity. Zone is formed by a sequence of candles or bars, taking into account their traded volumes. Range (sideways movement) is defined by a series of consecutive candles/bars where price fluctuates within a limited range, interacting alternately with the upper and lower boundaries of the range. It's only possible to identify which party (buyer, seller, or market maker) controls the range after the price breaks out and confirms the move. If the volumes align with Advanced VSA's criteria, order blocks and mitigation blocks in ICT/SMC can be considered as zones in Advanced VSA. So, not all order blocks and mitigation blocks will be considered zones in Advanced VSA. The breaker will be discussed separately, and there is no equivalent to the rejection block in Advanced VSA. Difference 3. Price Attraction Points In ICT/SMC, concepts such as fair value gap, liquidity void, and liquidity are used to describe price attraction points. In Advanced VSA, the terms fair value gap and liquidity void are not utilized. Most of the time, these ICT/SMC elements correspond to price interest points in Advanced VSA, such as effort. The term liquidity has the same meaning. Difference 4. Importance of Levels In Advanced VSA, levels play an important role in identifying trade opportunities. To understand the significance of levels, let’s first recall the concepts of trend and range (sideways movement). In both ICT/SMC and Advanced VSA, a trend is broken down into components, often referred to as impulses or expansion moves. A range, on the other hand, is characterized by its boundaries and the vectors of price movement between those boundaries. In Advanced VSA, important trading signals include the defense of a broken level or a price retracement to a level followed by its defense. In Advanced VSA, the defense of a broken level or the cancellation of a breakout (where the price returns back behind the broken level) followed by a defense of that level is considered a signal for identifying trades. This method helps traders spot potential entry points where either buyers or sellers to protect a key price level, giving more confidence in the direction of the market. The most important levels include the base of the last impulse, the boundaries of a range, and the test level of a zone. In ICT/SMC, there are no direct equivalents of these elements when it comes to searching for trades. However, breakers and sometimes mitigation blocks serve similar purposes to the levels in Advanced VSA, but the approaches differ. In ICT/SMC, trades are typically executed within the breaker or mitigation block, whereas in Advanced VSA, trades are found when a level is defended: buy trades above the level (supported by buyers), and sell trades below the level (supported by sellers). Additionally, Advanced VSA allows for trading within ranges, moving from one boundary to the other, as long as the boundaries are defended. Summary Despite the shared terms and similar approaches, there are significant differences between the two concepts: Number of forces influencing price movement: In ICT/SMC, it is believed that price is controlled by a single force, the Market Maker (MM). In contrast, Advanced VSA considers the interaction of two forces—buyers and sellers—as driving price movements. Use of volume in analysis: ICT/SMC does not take traded volume into account during analysis, while in Advanced VSA, volume is a crucial element for identifying market forces and areas of interest. Use of levels for trade entries: In ICT/SMC, levels do not play an important role, whereas in Advanced VSA, levels one of the possible places for identifying potential trade setups. Good luck with your trading and investing!
OANDA:XAUUSDEducation
by AlexeyWolf
2
EURUSD Swing ideaTaking into consideration that DXY index is bearish fundamentally and technically, And since EURUSD is heavily correlated with DXY inversely which means we are bullish on Euro. Technically : Euro was in correction for the last week or so, But this changed yesterday and extra confirmations landed today on the charts and fundamentally. We touched the weekly FVG and changed the trend direction after that leaving FVG in the discount zone and it present an ideal area to go long targeting old highs at least. Now expecting the price to correct toward the entry zone to take off again. I will update here once we reach entry to look for more confirmations in lower time frames.
Long
by Kmatar
Picture perfect setup on AudCadfirstly we had an fvg from monthly chart where jul month candle has retested it on the following lower time frames we can se price first trapped the early long players and came upto the mid line of fvg the three candle as red impulse to down side then a doji followed by green big bar is sight indication of long build up if so, the current running candle can retest the doji candle high where we can put the buy order and recent low as our stop loss strictly 0.9800 >> 0.9115 >> 0.953 could be the potential target
Long
by Jimmy_Rebello
Ontology | Long Term Profits PlanHello traders! At this very moment, while we have BTC ranging, there are a lot of good opportunities from coins that have dropped a lot! ONT is one of the beautiful gems that hasn't moved yet as it should be. We are very early, and here's my plan of action: 1) Price has bottomed out, and we can notice the range and size of the candles in the lowest demand zone got extremely small and condensed, which means volatility is contracting. There is definitely going to be a huge expansion, and we want to be early before this happens! So, make sure to get a position on the Demand zone as shown on the chart. Possible confirmations would be: 1) a breakout of the 0.51 price mark if you want to play a conservative and higher probability trade. 2) Also, make sure there is a very fully closed candle above this price. 2) TARGETS: We have a very strong supply zone in which price has struggled and triggered a sell-off right away, so 2.5- 3 would be a top seller zone. If this zone gets pierced through successfully, then sit back, my friend, because ONT is taking a ride to the ATH. Chart is very clean and clear, too. The ATH target has no other obstacles other than the 2.5–3 mark. This idea is to spot for the long term. This asset is still in balanced mode; there hasn't been a breakout of the range yet. However, it's worth noting that we are sitting in a demand zone, which is a very beautiful and rare opportunity to have. I hope you find it useful and are able to take advantage of this idea. Kina Tip of the Day: Take profits partially even when they don't seem much because, in the long run, they will grow in a balanced way with the rest of the portfolio. Keep it shiny ⭐ Kina, The Girly Trader
Long
by KinaStar