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SMC-ICT

TARGET on Woolies hit at R64.00 next target R70.93 - SMC M Formation formed on Woolies. Broke below the trendline and the signs were all bearish. 21>7 Price >200 Target R64.00 which it hit. But now it looks like there is upside to come due to SMC. SMC (Smart Money Concepts) First we look for LOL (Levels Of Liquidity). This is where there is strong volume of buying or selling from the big boys. We can see three LOLs. 1. 200MA -which the price is now above and could stay above 2. Previous support level 3. Hammer to the upside and Change of Character (reversal to uptrend) New target with SMC is R70.93 The probability of the trade idea is low because we are fighting the greater trend that is down, but it's worth looking at with SMC.
JSE:WHLLong
by Timonrosso
WHY you don't JUST Take The TradeIn the frenzied world of financial trading. It gets to a stage eventually where we will hesitate to take the trade. Even though you have the plan, strategy and mindset to a T. Something could trigger you to not take the trade. So why does this happen? There are a multitude of reasons, but here are four reasons you might not take the trade. Reason #1: Market Moved Too Much Even I miss the mark sometimes. Either I get distracted by writing something for you. Either I wake up late past 10 am. Either I am flying or at the beach. And then… The market moves too much and I miss the trade. This is life and this can catch us off guard. There is no excuse in the bigger scheme of things because the market will move with or without you. Just like time waits for no man. Neither does the market. We need to be more disciplined, more determined and should be like a sniper when it comes to trading the markets. Reason #2: You’re Scared to Lose This one applies to three types of traders. Either you’re new to the market and don’t want to lose money. Or you’ve been in the market and you just can’t programme your mind to lose money. Or you have already lost money and you have an even bigger fear of losing even more money. Trading, by its very nature, involves risks. But sometimes, the fear of potential losses can overwhelm us, leading to indecision and missed opportunities. Emotional trading is a surefire way to erratic decision-making and inconsistent results. So if you’re scared to lose, risk less. If you’re scared to lose, paper trade until you feel more confident. If you’re scared to lose, work on risk psychology through journals and reading. Or just reading an article like this. It may help you. Reason #3: Too Much Money to Spend Some markets are expensive! If you’re new to trading and you try to trade a world index or a futures contract like Brent Crude – brace yourself. It might spook you away from trading because it’s too much to spend. But then there are markets that aren’t expensive to trade like Forex, local and some international stocks. Stick to those and lower your risk to 1.5% or even 1% risk per trade. Balancing risk and reward is a delicate art in trading. Reason #4: No Trust Yet in the System Confidence is not easy to gain with trading strategies. I never believed in my system for years. Why? Because I thought the past results truly meant nothing for the future performance of the markets. Then as trading became more logical and as I saw that financial markets is nothing more than psychology and demand and supply, the confidence in the system went up. People will be people. Before plunging into trades, it’s beneficial to familiarise yourself with the strategy and make sure you backtest them and study them like a trading engineer and statistician. Your confidence will grow and eventually you’ll get to the point where you will. JUST TAKE THE TRADE.
TVC:SA40Education
by Timonrosso
Hulamin Asc Triangle and Bearish FVG showing up signs to R5.40Ascending Triangle has formed since 13 June 2022 on Hulamin. There are higher lows and same highs. This means, momentum is pushing on up. Other indicators include: 7>21 >200 RSI<50 - Higher lows Target R3.59 and then R5.40 SMART MONEY CONCEPTS: Now with Smart Money Concepts, we have something interesting. A LARGE Bearish FVG (Fair Value Gap) has formed on the weekly chart. What is a Bearish FVG? A 3 candle structure with a down impulse candle that indicates and creates an imbalance or an inefficiency in the market. Between candle 1 and 3, do NOT show common prices. The price needs to move back up to rebalance and fill the gap. During this process, it will rebalance and head on up to R3.59. Also the resistance will be broken, which will give way for the price to move to the next target of R5.40.
JSE:HLMLong
by Timonrosso
GBPNZD strong upside push to 2 after C&H breakoutCup and Handle formed on GBPNZD. The price broke out which gave a great entry signal. We could even wait for the price to retrace back to the Brim level and get an even better entry. 7>21>200 - Bullish RSI >50 Target will start off at 2.198. But once it breaks higher, we'll see more formations. Smart Money Concepts Sell Side Liquidity formed just below the handle of the cup. Smart Money BUYS into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter their trades.
Long
by Timonrosso
Still trying to grab more LiquidityYesterday the price did an Asian Session Manipulation where Smart Money bought at 1.08000 and sold on the Asian highs at 1.08300. Today I think that Smart Money might be interested in the EQH zone that was created on the previous structure. The same zone that they used to sell yesterday. What I'm trying to say is that the said zone is important because it has a 15m order block (yellow borders), the pyschological level of 1.08300 and EQH. The only reason I don't like this setup is because the Order Block was used already at least 3 times. In that case, the setup that I shared yesterday will have be more likely to be activated. Good Luck.
Short
by Negativ3Gravity
SMC - ICT Setup in which price ran out of LiquidityPrice looks like It ran out of Liquidity after the previous BOS. This means that it needs to go up to continue going down to hit the previous several months long trendline low marked with an orange ray. I kept it simple and marked the take profit at the 1.618 of the Fibonacci level (green line) The entry point is on the closest psychological level to the previous source Order Block that also created and FVG. The Stoploss is the next psychological level above the price giving it a bit of space to "breath"
Short
by Negativ3Gravity
2
EURUSD 1.08054 +0.33% LONG IDEA 🐮📈💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at EUR/USD IN THE COMING WEEK 1. Looking for some correction to the buy side before continuation down. 2. Mitigating the -FVG above. 3. Before some cont. with the bulls. 4. Looking at that unfilled FVG as a possible entry with the BULLS. 5. TARGET would be the the BSL & THE DAILY -OB. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
AUDUSD 0.66453 +0.36% SHORT IDEA 📉🐻💡HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at AUD/USD in the coming week 1. Closed the week RANGE bound. 2. Looking at the possibility of the bears coming into play. 3. Shold we break below the +FVG Looking to mitigate +OB below. 4. Definitely looking for some LQ runs before deciding on the pair. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
USDCAD 1.34943 -0.06% LONG IDEA 📈💡🐮HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at USD/CAD in the coming week 1. Closed the week range bound on the Dollar/CAD. 2. Looking for some Liquidity runs to get some directional perspective. 3. Should we break above looking for short entries towards sell side. 4. Looking to fill some gaps below . lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu