Skip to main content

Posts

Showing posts from May, 2022

10 Lessons to become a better trader.

Lesson 1: Zones   *Price MUST break and retest every zone before moving to a further price point* See price was going down on EURUSD. If it went right through two support zones without retest we KNOW 100% that price will come back to that price point again. Here we see a normal down trend but it's very good because of all the retest so we can expect price to go down more. The circle part is another part price broke though two zones I call it SMASHED and then before going down had to retest. This is a fundamental rule of trading and should not be neglected even for experienced traders. Lesson 2: Liquidity   Each £ sign represents where the normal traders (who see the doji and sell/buy) would put their stop loss. This is liquidity sure you can make money using dojis , double tops/ bottoms etc but if we see this play out in the markets we know the market makers (big players who move the markets) will hunt these stops before moving to the next price point  Using this technique we can d

Smart Money Trading - CHoCH + Flips Explained.

1.   Bullish turn into Bearish. Ex:  2. Bearish turn into Bullish. Ex: