It was easy predictible that USDJPY is bullish again, but you have to get a good risk managment. SMC has the best concepts with Risk Managment, where you have a 2-20 RR. The most important thing is to protect your money from the banks by your stopploss and takeprofit.
If you have a profitable 10 RR you can lose 10 trades and regain it with 1 trade.
Explanation= Yellow SMC Traders, Red Retail/Patterntraders. NOTICE!! Patterns are useful, but you have to know how every marketparticipant is trading: Patterntraders, Indicatortraders, SMC Traders, Orderflow Traders, Volume Traders, Banks
1. € = Liquidty in SMC Trading, Trend in Retailtrading, shows where price is going
2. CHOC (Change of Character): Market change its direction and brokes last supportzone = Sign of Market Reversal
3. Yellow Fibonacci: SMC Traders take the last candle of Support/Resistance and take the 0.5 Zone as their TP/ENTRY/STOPPLOSS
They try to knock out Retail Traders, who wait for breakout in 1minute Chart = Fakeout = Entry of SMC Traders
SMC Trading is based on risk managment, its the most important thing.
4. Entry Pattern Traders: Pattern Traders see a bullflag, they take the bearish trend, copy it, and wait for trendhit. Their stopploss is mostly the golden 1.618 Zone, Takeprofit, is close to the other trendline. They often have a 1:2 RR;
5. Entry SMC Traders: 0.5 or 0.618 FIB Zone of last resistance or support zone (ITS A "LAW"), which they take to draw their stopploss/entry
We have a bearish CHOC, so there are still short positions, which push the price down.
You have to practice your style of entry/stopploss/takeprofit. Your goal with SMC is to place trades with a high RR (5+)
Combine it with other retail strategys like patterns or indicators. the more confirmations the better
6. TP of SMC Traders: The last bull consolidation zone (CZ), before the the price did the bigger bullcandle.
SMC Traders take the 0.5 FIB Zone of the low and high of the CZ as their takeprofit. There is also the CHOC Zone, which is also a confirmation
This TP can also be an entry for a longposition.
7. BOS (Break of structure): Market broke through last resistance, closed the body of the candle above the zone. retest, BOS
8. 2nd SMC Entry: Retail Traders will go long instantly, but your goal is to buy as low as possible to take your RR high.
2nd SMC Entry is the BOS Zone, Stopploss the 1st supportline, Takeprofit is your choice
Follow for more. Normally my posts are very short, but this time I thought I have to explain my TrAdInGvIeW
GG Ez MatrixV Ruler Of The Market
If you have a profitable 10 RR you can lose 10 trades and regain it with 1 trade.
Explanation= Yellow SMC Traders, Red Retail/Patterntraders. NOTICE!! Patterns are useful, but you have to know how every marketparticipant is trading: Patterntraders, Indicatortraders, SMC Traders, Orderflow Traders, Volume Traders, Banks
1. € = Liquidty in SMC Trading, Trend in Retailtrading, shows where price is going
2. CHOC (Change of Character): Market change its direction and brokes last supportzone = Sign of Market Reversal
3. Yellow Fibonacci: SMC Traders take the last candle of Support/Resistance and take the 0.5 Zone as their TP/ENTRY/STOPPLOSS
They try to knock out Retail Traders, who wait for breakout in 1minute Chart = Fakeout = Entry of SMC Traders
SMC Trading is based on risk managment, its the most important thing.
4. Entry Pattern Traders: Pattern Traders see a bullflag, they take the bearish trend, copy it, and wait for trendhit. Their stopploss is mostly the golden 1.618 Zone, Takeprofit, is close to the other trendline. They often have a 1:2 RR;
5. Entry SMC Traders: 0.5 or 0.618 FIB Zone of last resistance or support zone (ITS A "LAW"), which they take to draw their stopploss/entry
We have a bearish CHOC, so there are still short positions, which push the price down.
You have to practice your style of entry/stopploss/takeprofit. Your goal with SMC is to place trades with a high RR (5+)
Combine it with other retail strategys like patterns or indicators. the more confirmations the better
6. TP of SMC Traders: The last bull consolidation zone (CZ), before the the price did the bigger bullcandle.
SMC Traders take the 0.5 FIB Zone of the low and high of the CZ as their takeprofit. There is also the CHOC Zone, which is also a confirmation
This TP can also be an entry for a longposition.
7. BOS (Break of structure): Market broke through last resistance, closed the body of the candle above the zone. retest, BOS
8. 2nd SMC Entry: Retail Traders will go long instantly, but your goal is to buy as low as possible to take your RR high.
2nd SMC Entry is the BOS Zone, Stopploss the 1st supportline, Takeprofit is your choice
Follow for more. Normally my posts are very short, but this time I thought I have to explain my TrAdInGvIeW
GG Ez MatrixV Ruler Of The Market
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.
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.