Summary of "Ultimate Smart Money Trading Guide"
Main Financial Strategies and Concepts:
- Identifying Market Direction:
- Determine if buyers or sellers are in control.
- Trade in alignment with the controlling side of the market.
- Understanding Market Structure:
- Recognize trends through higher highs and higher lows.
- Identify demand and supply zones, and fair value gaps (FVG) that indicate market imbalances.
- Recognizing Liquidity Zones:
- Identify areas where retail traders have stop losses, which smart money traders can exploit.
- Look for liquidity sweeps to enter trades after retail stop losses are taken out.
Step-by-Step Methodologies:
- Basic Order Block Entry:
- Identify a valid and fresh order block with clear inefficiency.
- Place a buy order above the order block and set a stop loss below the swing low.
- Close half of the position at two times the risk and aim for the next key level.
- Order Block Entry with Liquidity Sweep:
- In an uptrend, identify inefficiencies below the swing low and a valid order block.
- Place a buy order above the order block after a Liquidity Sweep below the swing low.
- Order Block and Order Block Trading Strategy:
- Analyze Market Direction and structure on higher time frames.
- Wait for the price to return to the higher time frame order block.
- Confirm entry with a change of character on lower time frames.
- Use Fibonacci Retracement levels for entries when there's no inefficiency.
Key Points to Consider:
- Always trade with the Market Direction to enhance success rates.
- Assess higher time frame key levels to gauge potential reversals.
- Analyze the left side of the structure to avoid low-quality trades.
Presenters/Sources:
The video does not specify individual presenters but appears to be a collective effort from a trading education channel.
Category
Business and Finance
