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SMC The best way to detect Order Blocks Due to the great popularity of the Smart Money Concept approach, traders around the world are learning how to identify Order Block in the best way possible. Although there are different variations of the approach, the logic remains the same - accurately identifying a large limit volume in order to get the best entry point and catch the movement of a major player. I will show you, in my opinion, the most accurate practice for detecting Order Block, which in addition will increase the number of potential entries. It is different from the classic application. Check it out! Defining Max and Min on the chart No matter what asset you are trading and timeframe, any logic for finding OB starts with marking the lows and highs (MIN MAX). This is necessary to: Identifying the trend in whose direction we will be looking for the Order Block. Directly for the Order Block itself, as it will be located at one of the MIN or MAX. In our example, we will be looking for an Order Block on USDJPY H1 Note: There are so-called true Min and Max (signed in white on the chart). They determine the direction of the trend on this timeframe and the Order Block can be located in them. But there are also local Min and Max (signed in orange color), which do NOT determine the direction of the trend on this timeframe, but they can also contain an Order Block. Having determined the true Min and Max, it is not difficult to establish the trend direction by comparing the last 4 points of the true MIN MAX. In our case, the trend is downward. Looking for a Order Block by trend OB should be searched at the last MAX (in case of selling) or MIN (in case of buying). It does not matter whether it is a local or a true MIN MAX, the most important thing is the most recent one. And here are the specific rules for this (for a bearish OB): Find the most recent MAX Find the last green candle before the MAX MAX point should be a false breakout of this green candle Draw the boundaries of this green candle - they will be the order block Let's turn to a close-up of our example: All conditions are met. Found order block for sale. Oder Block activation and entry. Once an Order Block is marked, it is not yet sufficient to find an entry. An important condition before entry is Activation of the block. This is how we make sure that a major player is really moving the price in the right direction. Activation is the breakdown of the block in the direction of the trade. In our example, activation is a break of the lower boundary of the block. Attention: if the block order breaks through in the opposite direction, it is considered broken and can no longer be used. After activation, you should wait for the price to return to the block and open a trade there. It is ideal to put a limit order. Stop Loss will always be the upper boundary of the block, Take Profit can be taken variably, there are no rigid rules. Strong blocks can give more than one reaction. Then you can try to enter the block again. Conclusion In this article, we have shown the author's variant of how to find a block order on the trend and showed an example of how to work it out. Such blocks are especially strong and give many good entries. Of course, finding a block order is an important part of the Smart Money concept, but there are many more tools that will help to clarify the entry and exit and make SMC as efficient as possible (e.g. liquidity). We will talk about them in other articles.
Education
by Smart_Miner
3
PRICE ACTION VS SMART MONEY CONCEPTS : the double bottomIn the world of technical analysis, the double bottom pattern holds a special place for traders. However, the way this pattern is interpreted can vary, especially when comparing the traditional price action approach with the more intricate Smart Money concepts. Traditionally, a double bottom is identified by the formation of two distinct lows, approximately at the same price level, separated by a reaction high. Traders keen on price action look for a breakout above this reaction high as a signal for potential bullish momentum. As a price action trader i was interested by the Smart money concepts approach so i decided to read about it a little bit and i found it pretty detailed after reading here are the differences that i noticed on the double bottom pattern.
EIGHTCAP:XAUUSD
by xAB777
Intraday Scalping Idea for USDJPY: Key Levels and Sell LimitsHey traders! 👋 H1 ICT short setup Let’s take a look at the USDJPY H1 chart, which performed LG and Displacement + Choch after the last NY session and Asia AM session. Our AI screener shows that the JPY has slowed down the weak strength (turning to the strong side gradually) and the USD is increasing momentum to the weak side, which makes USDJPY drop as well. If you’re looking for an intraday scalping idea, here’s one for you: 🎯 Target on key levels: 145.30 144.72 📉 Sell limit order levels: 145.48 145.63 145.77 🛑 Stop loss: 145.90 Remember, this is just an idea and not a guarantee. Always do your own research and analysis before making any trades. Good luck! 🤞
Short
by ICT_Trader_SB
2
DXY 102.590 + 0.15% SHIRT IDEA HTF PROJECTIONSGOOD DAY TRADERS NEW WEEK NEW OPPORTUNITIES Hope everyone is good a Look at the DXY for the coming week WEEKLY TIME-FRAME * We saw the DXY fill some imbalances (-FVG) AND REJECTING ON THE WEEKLY * In Anticipation of the trend-continuation looking for a retest of this zone. * A rejection would signal continuation of the trend. DAILY TIME-FRAME * Similarly to the WEEKLY we Reject from that PD ARRAY and close below. * Looking for a sweep of BSL to see continuation with the bears. * CISD + BEARISH MOMENTUM close candle would be great confirmation as the week goes. * VIOLATION of the PD ARRAY changes the whole plan & bias. 1H TIME-FRAME * Today looking to see clear of BSL, or just trade above the 50% of the impulse move. * A tap into the HIGHER TF PD ARRAYS * REJECTION at this points to be looking for shorts as the week goes. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOURS BELOW lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & 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!
TVC:DXYShort
by PULEMokhothu
2
CADJPY Analysis: Potential Shorting Oppoturnity! Gartley PatternCADJPY is currently rebounding from a significant weekly resistance level. Upon closer examination of the daily timeframe, a Break of Structure to the downside is evident. Additionally, a well-defined Harmonic Gartley pattern is taking shape, with the completion of the D leg aligning with the 4-hour Order Block. Anticipate a potential downward movement from the identified 4-hour Order Block, as highlighted on the chart. Exercise patience and wait for a change of character in lower timeframes, such as the 15-minute or 30-minute intervals, as the lower timeframes still exhibit a bullish sentiment. Wishing you success in your trades!
Short
by Koolermactrez
1
Happy New Year 2024| Learn Our Methods | Read Description|Happy New Year Everyone 2024: Let's first talk about CHFJPY then we will talk about how you can improve and learn some tips. CHFJPY in last six or seven months price overbought heavily due to JPY poor performance and government's zero intention to interfere in the market. However, many reports suggests that JPY will likely to be rebound in first quarter of 2024 in this case we can see a strong shift in price characteristics. Our first entry indicates, that we should expect price to continue the bearish momentum and drop from current area of the price. However, as we will having NFP in the first week of the month, it is likely to see some unexpected movement in the market. Second entry, is when price fill the gaps in the market and then drop smoothly, we will keep you updated. We want all of you to succeed in the forex or commodities trading. Here how you can improve: Firstly find one or two pairs that suits you: meaning if you focus on every single instruments available to trade in the market, you will never succeed instead focus on one or two pairs and master them, know how and when these pairs move, what factors influence them in the market and trade swing highs and lows. Secondly, use longer time frames to have a better vision, have a longer vision which will help you catch the big moves, yes, it is time consuming but if you are beginner then focus first in this and then along the way you will learn intraday trading. Lastly, learn more about consolidation, accumulation and distribution: before the big reversal, price first will consolidate then accumulate and distribute, you should be looking to enter in phase of accumulation and take every enter when price consolidate which leads to a breakout. If you learn above information in details and practice, your chances of becoming a successful trade increase. There is no overnight success, it is all hard work, if you believe in your self and focus on above things you will one day be proud of yourself. Happy New Year and Trade Safe 2024. We wish all of you all the best. Team Setupsfx_
Education
by Setupsfx_
11
AUDUSD: 0.7150 is our next possible target in 2024?Happy New Year 2024. AUDUSD, has been bullish in daily timeframe, suggesting a clear move upwards 0.7150 region which is where we will exit our trade. Looking at the current price momentum it is clearly notable that price has already retraced and it is very likely it will rebound strongly in days to come. Entry can be available when the market opens where with 50-80 pips stop loss a long entry worth it. With the take profit of 600 pips, a great risk to reward.
Long
by Setupsfx_
9