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- Easy SMC Strategy To Start Using Today!
Easy SMC Strategy To Start Using Today!
10x Profits With This SMC Strategy!!!
Dear Traders!
If you are looking for a comprehensive smart money concept trading strategy, this video is for you.
Understanding Smart Money Concepts (SMC) involves comprehending the behavior of institutional traders and hedge funds in the financial market. These entities, often deemed the "smart money," have the power to influence market movements significantly. The SMC trading strategy includes techniques that align with the actions of smart money, enabling traders to profit from market movements. Implementing SMC in Forex trading requires a deep understanding of price action and the identification of key market structures. Traders employing the SMC strategy are skilled at recognizing support and resistance levels and interpreting price movements to make well-informed trading decisions.
Key components of a successful SMC trading strategy include:
- Understanding Fair Value Gap in SMC Strategy : This involves identifying price differentials that suggest potential market manipulation by institutional players, allowing SMC traders to make informed trading decisions.
- Exploring Liquidity and SMC Trading : This requires understanding how market liquidity impacts price movements. SMC traders analyze liquidity levels to assess the potential strength of market trends and identify favorable trading opportunities.
- Adapting to Change of Character in the Market with SMC : This entails SMC traders adjusting their strategies in response to changing market dynamics, maintaining flexibility to adapt to different market conditions.
Fortunately, instead of doing it all manually, you can easily add them to your TradingView chart as they are available as indicators.
Now, let’s combine all these components to find a trade example:
⦁ Determine the trend direction : First, you need to see if there is a BOS (break of structure) or a CHOCH (change of character) in the market structure.
⦁ Find the most optimal FVG and Order blocks : Once you have identified the CHOCH, you then need to identify a fair value gap or order block to enter. In our case, we will rely on the FVG for entry.
⦁ Entry and exit : We place a buy limit in 50% of the FVG, place our stop loss below the FVG, and target the next liquidity.
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Happy Trading
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