Smart money concepts

Here is an overview of (to me) why support and resistance don't work (at a successful enough rate).

If you feel like this is the case be honest with yourself. And maybe try something new. please remember the 90 90 90 rule!!!

90% of traders
Lose 90% of their account
In the first 90days

Have a little think as to why?

For the majority of newbie traders that enter the market.. the first thing they are taught to understand?
Support and Resistance , Trendlines , Fibonacci (does work if used correctly)

So just be mindful of what the banks are doing and understand from their perspective that if they know the MAJORITY trade Support and Resistance ... Don't you think they know where the majority of the people stop losses are going to be? ...

Comments

Difference between BOS and CHOCH?

BoS = Break out Structure. CHoCH= CHange of CHaracter.

Symmetric triangle pattern breakout.

6. Price Action Strategy - Short term counter trade and symmetric triangle pattern. We all know that if the market makes a symmetric triangle pattern and gives a breakout, then it will take a re test to make higher high. All we know is this, but the fact is even if it gives a breakout at triangle pattern, we need to check if there is any major and strong resistance levels nearby. We will check this example of SBIN and find out the real truth of the market. In the above image, we can see the SBIN is given a breakout of the symmetrical triangle pattern and took the retest. Every retailer will wait for the re rest to enter in a low price. As we can see in the above image, the market is at major resistance levels, so it may not go up ward and it may surely hit the stoploss of the many retail traders. As we are trading in SBIN, we can check Bank nifty for double confirmation whether the stock will go down or not. Main two confirmations: SBIN is facing major resistance...

Liquidity Models

🔹 Liquidity is like fuel to move the market in a specific price zone. 🔹 We can find liquidity in zones where a lot of people set their stop losses and buy/sell stops. 🔹 The market makers will manipulate the price to break these obvious zones and take the liquidity. 🔹 These are the most common liquidity patterns.

Disciplinedtrader101

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