*SMT = SMART MONEY THEORY* WHERE INSTITUTIONS RIP RETAIL TRADERS TO SHREDS BECAUSE THEY DON'T THINK OUTSIDE THE BOX.
Please see related Idea for details. I posted on earlier 0.98045but after watching it closely I only believe it will get as high as enclosing a 15 min Fair Value Gap, then it wil drop aiming for the liquidity uner neath last friday's lows. which is also 1 standard deviation below the Asian Range during the Asian Session.
I'M GOING 2% OF ACCOUNT -USING ALL 50 OF MY LEVERAGE
entry - 0.98045
S/L - 0.98540
TP 0.97080
IF YOU FIB FROM THAT LAST 15 MIN CANDLE UP BEFORE THE LARGE DROP, YOU'LL SEE IT WILL RETURN ABOUT 80% OF THE RETRACEMENT. THAT'S ABOUT NORMAL FOR RETRACEMENTS.
EURUSD
EUR1!
DX1!
EURUSD1!
Please see related Idea for details. I posted on earlier 0.98045but after watching it closely I only believe it will get as high as enclosing a 15 min Fair Value Gap, then it wil drop aiming for the liquidity uner neath last friday's lows. which is also 1 standard deviation below the Asian Range during the Asian Session.
I'M GOING 2% OF ACCOUNT -USING ALL 50 OF MY LEVERAGE
entry - 0.98045
S/L - 0.98540
TP 0.97080
IF YOU FIB FROM THAT LAST 15 MIN CANDLE UP BEFORE THE LARGE DROP, YOU'LL SEE IT WILL RETURN ABOUT 80% OF THE RETRACEMENT. THAT'S ABOUT NORMAL FOR RETRACEMENTS.
EURUSDEUR1!DX1!EURUSD1!Note
I had two positions open yesterday and closed one. Regretting it now. Because what I thought would happen yesterday is happening now.Note
Additionally, Expect the Asian Range (or half) to give you the length of the high to the low. Sometimes for a sesion sometimes for a day. Yesterday it was half the range x 3 for the day, Currently it's the full range o0f yesterdays x 4 for the session.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.