*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to...
*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges, trendlines, channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to...
*SMT = Smart Money Theory aka Institutional Trading = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the...
it reached a weekly bearish ob and broke the market structure bearish, now i am waiting for a retracement back to bearish breaker the BUY EURUSD.
Seasonally Cocoa is bearish leading in to October. It has taken the Sep High and look like MMSM to take the Sep Low and fill the Fair Value Gap (FVG)
Poised to take the BSL and complete the Buy side curve of the MMSM. We can enter in to the market shorting the pair after the pair have broken the 13 October Order Block, which will become Breaker and price will return for mitigation.
GBPAUD is a bad and choppy pair, but I do see the possibility for the market to reach UP to the breaker, (potentially into Equilibrium) and then a move DOWN from the breaker. It's hard to say how far it'll go down as we don't really have any imbalances or EQL due to the choppiness. However we do have a bullish orderblock that may be a reversal, and on the Monthly...
BINANCE:OGNUSDT Hello everyone 😃 #OGN has reached the bearish trendline for the 2nd time. - EMA200 ( Source : 4Hours ) is supporting the movement from below. - Support/Breaker zone has been formed by recent wicks. - There's sharp bullish trendline has been formed recently. Trade setups : - Enter LONG on a retest of broken trendline ( current bearish...
Waiting for mitigation down into the breaker and the orderblock below current price to long up into EQH + imbalance.
We are currently inside a Discount Area, above a weekly bullish Orderblock and a daily Mitigation Block. A retracement should happen and it should test the mitigation block or Deeper into the Weekly bullish Orderblock. Targeting the Bearish Breaker (Our first PD Array), or the Weekly Orderblock area into Equilibrium. We also have a Liquidity Void (imbalance) to be...
It depends on where the price is when I wake up tomorrow. If it's not been below 4345.8, that's at target as if you were to put a fib on top of the current breaker, that price point is just below the 63% retracement level (discount) And I would wait for the FOMC speaker to start and if it's still not below this level after opening then this is where I would look...
Backtesting The session I missed because I'm a dumbass
If it moves up intpo the fap around 3886, I'm likely to be temped to go short as that has been the bias of SPX within the last 24 hours. And I would short it to the mitigations/breakers that formed around March 9 and 10. I don't see it changing bullish although there are the soft highs around 3908. Howver, I see Friday to be the possible turnaround and attach...
SNGLSBTC (Breaker) has now gone bullish, we have higher highs and higher lows. Today, we can see the price breaking bullish above EMA50 for the first time since late January when prices shot up massively, this opens the door for additional growth. The MACD and RSI both look good with the RSI above 50, signaling strength. We have, first, an 88%+ target followed...
Using the fibonacci tool on the market structure break upleg does not always give an entry as price turns before the golden ratio quite often. Over a sample size, if you study the market structure break upleg/swing you notice that it occurs in three legs mostly. The retracements of the market structure break never make it to the first leg and most times the...
I normally wouldn't try to make a call on something like BSVUSD. But when the bearish order block just happens to align perfectly with the 70.5% retracement level, I have to say something about it. So don't get too excited, don't get the FOMO. Wait patiently for the correction to hit between 217 and 207 and that's when I would likely be entering the market. If...