Smctrading
XAUUSD GOLD keeps bullish structure. Following the movePlease refer to linked idea as well.
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
Liquidity on both sides for GoldI am currently short biased on gold. We've been pulling back in a corrective manner which is an indication of trend line liquidity being built up. There are also multiple Asia session liquidity points that have not been taken. There is also Liquidity rest above the 4H high which is an Asian high. I'm anticipating that gold will go lower take out the 4H low then change structure to take out the Highs, However if Price action does not give confirmation then I will flow upwards with the market.
EURUSD Price Action BreakdownHello guys 👋
- This is the first video on our profile. We want to break down the chart as best as possible and show you our view of the chart with the help of a video. Leave a comment and like if you want more clips like this.
Forecasting in forex helps us prepare as well as possible for a potential entry and reduce the chance that emotions will affect us. Forecasting should be done at least twice every day, in the morning and night. On the weekends, you can do the forecast only once. Higher and lower timeframes should be analyzed during the weekends in preparation for the coming week.
1D timeframe chart breakdown
1)Daily Timeframe shows us that the price moved in a long downtrend.
2)At the end of the downtrend, we see that the price has made a Change of Character, and we notice the presence of Bullish Orderflow, which indicates that we can expect the beginning of an uptrend.
3)After a long downtrend, the price finally breaks the descending structure with strong bullish momentum, which indicates that we can expect the beginning of an uptrend.
4)After the bullish momentum, we see that the price has slowed down with the momentum (weakness), but again we see the presence of bullish order flow + EURUSD has the characteristic of going up impulsively from this kind of price action + it has a lot of liquidity to pick up.
5)In the end, the price is bullish, but it can easily change to bearish
1D timeframe forecast:
1)We see a nice change of character after a long downtrend, nice bullish momentum, bullish order flow, and we can expect the price to continue bullish.
2)The price has left wicks that tell us that the price has no more momentum to continue upward, and we expect a reversal to happen.
3)If we see a corrective pullback, wicks will be respected, and we can expect a continuation of the uptrend.
4H Timeframe chart breakdown
1)We see that we are moving in a longer ascending channel, and we see that: we are placing new HHs; we make impulses, corrections, impulses, which indicates that we will continue to move in the ascending channel.
2)But this is EURUSD, and we know we can expect to see a smaller ASC PA after this PA and see a trend change or continuation to the upside from this PA.
3)In the end, we have no bias, and we look at what will most likely happen and react to it.
4H timeframe forecast:
1)We see that the price is placing new HHs, and we notice an impulse correction impulse movement, so we can expect the price to continue to place new HHs and continue bullish.
2)After a longer ASC channel, EURUSD likes to make a smaller ASC PA and then change the trend, so we can expect that.
1H timeframe chart breakdown:
1) Currently, we see a very corrective PA; the price is between high and low.
2) we also see that the price moves from des PA to asc PA, which indicates a correction.
1H timeframe forecast:
1) Here, we expect a correction because everything points to it
2) There is a chance that the price will go bullish because they make an inverted head and shoulders pattern, but we do not want to trade in such a PA
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S2D FLIPHello traders
-In this example, we will explain how to trade the S2D pattern.
-S2D is a pattern in which the supply zone loses control, and the new demand zone takes control.
- In the next steps, we will break down the example we have here in detail.
1) The price is in a downtrend, and demand has full control.
2) Then we see a reaction from the demand zone to HTF, after the reaction, the price starts bullish.
3) The price breaks the supply zone and continues impulsively towards the uptrend. When the price breaks supply, we can expect a change in direction.
4) Momentum is present, and we clearly see that the price has broken the structure and wants to change direction.
5) We can see a new demand zone now taking complete control, and the price continues to be bullish.
Leave a like, and if you have additional questions, you can ask us in the comment below.
Inducement Hello traders
-In this example, we will explain what INDUCEMENT is.
-Inducement is a trap for traders left by big boys in the markets to take your money.
-The move is designed to first take out early sellers, then take retail pattern traders, then break out and break and retest traders together in one move.
-The beauty of it is that everybody thinks they win, but in reality, the big boys go home with your money.
-Look at this example carefully and next time you see it play out on the chart, look at how you can profit from it instead of getting your SL hit.
Example:
1) Here, we see that the price is in a downtrend
2) Then, at the last BOS, the price barely breaks through the low and makes a trap for retail traders, breakout and retest traders, etc.
3) As you can see, this was an obvious fakeout and trap for other traders
4) In the end, the price picked up all SL, and came to our entry, from where it starts to move in our direction.
-And remember, you want to swim with the whales and follow them, not go against them.
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Game Of LiquidityHello traders
-Today we will talk about liquidity and its role.
What is liquidity?
-We will try to explain you as simple as possible what liquidity is and what you should be looking for when you want to spot it.
-There is a theory on the FX markets that the Big institutions (Smart money) are always trying to trap us and take our Stop losses.
-Retail education as we all know is based on patterns (double top,double bottom, trendlines, supp res zones etc...
-As new traders come fresh on the markets they can be easily manipulated and taken away from their money because they are 'easy pray for big boys.
-If you want to understand liquidity as simple as possible - when there is a trend line, double top pattern, there are retail stop losses and there is liquidity to be taken.
Example:
1) In this example, we see that the price is moving in a downtrend
2) Then the price slows down with momentum and starts to make a lot of liquidity.
3) We can see liquidity in the form of a trendline, double tops, etc.
4) A lot of retail traders lose their money here, while we patiently wait for our opportunity.
5) Our entry is at the strong supply zone, and the price reaches it when it picks up all SL of retail traders.
6) At the end, we see a liquidity sweep that mostly happens in one move, and here we open our position.
-Remember: This is the cat and mouse game. In order for one person to win someone else needs to take the loss. So our question is
Are you a cat or a mouse?
-If this post helped you better understand the concept of liquidity, leave a like. If you have any questions, write below in the comments.
Potential Sell Trade for GBPAUDHere's one of the trades that I really like
We see A nice consolidation and a confluence between the point of Control & the supply area
after that consolidation we can see an expansion to downside and a retracement that gonna give us an opportunity to go short
Will wait for confirmations on LTF to enter after we reach the supply zone