MEXC:BTCUSDT 1H As I Wrote yesterday we had to wait till price dip down to the DP.i point of interest box. then we got a confirmation signal to get into a buy position. as you see my chart, we have a SCOB type confirmation signal. then we can buy here on a 2.6 Risk to Reward (R/R) position. Hope you enjoy the ride.. I will update Bitcoin regularly.. Take...
MEXC:BTCUSDT As we knew before that when IDMs got grabbed, after getting a SCOB on our structure time frame, or wait for a ChoCh on the lower time frame (which now the LTF is 5 mins chart), we can get into the position (which here is a Buy Position). And now we had a ChoCh on the 5 mins time frame on Bitcoin which allows us to open a Buy Position. P.S:...
MEXC:BTCUSDT As soon as the IDM.i has been grabbed, we waited for the SCOB to form. And a few hours ago the SCOB has been formed and it allowed us to enter the Buy Position. The target is reward 2 and 3 at least. But always remember: Trading is a long-term game which is survival depends on the Risk & Money Management we planned before. "KEEP CALM & OBEY YOUR...
OANDA:GBPUSD In order to the EX zone in 4H time frame, We go to 15m time frame to enter the buy position more efficiently. Note: In EX zones, we can enter the position without any confirmation, but we always get better win rate by waiting for a confirmation signals to form. The confirmation signals in my strategy (Tactical Smart Money) are two kind: 1. SCOB...
OANDA:XAUUSD As you can see Gold is on a important level on weekly time frame. Which could hit the last ATH and then rest for a few weeks/months. So that now we can take a Buy Position on 1H time frame to the new ATH (Minor Extreme mentioned as EX.i). Its Reward to Risk is about 9 to 1, But it's better to save some profits after Reward 2-3 and higher. In other...
MEXC:BTCUSDT Why should we buy here? Simply because this MPL is our last POI we have on Major Structure in 1H time frame. As you can see Also we can open 2 position at the same time and price, but manage them differently. In other words we can set partial exit at 2.5 reward & 7 reward. It is better to have 2 targets, not more and not less.. "KEEP CALM & OBEY...
MEXC:BTCUSDT Apparently a correction has been started. The high of the structure confirmed by touching the IDM.i. If the 1H candle closed lower than IDM.i, we may expect price to drop further to the DP.i / ENG.i / EX.i otherwise the IDM.i grabbed and make a SCOB for us to enter another Buy Position and the target one is the high of structure (63850) and the...
MEXC:BTCUSDT Here's what SMC tell us: after a slight dipping to the DP.i (58550) point of interest (POI) then we ready to see a confirmation signal to buy the dip. that confirmation would be 1. SCOB: Single Candle OrderBlock 2. Lower Time Frame (5mins) ChoCh: (ChoCh: Change of Character) Without a confirmation entry, we are not allowed to execute buy...