Suggestion SMC Strategy - Good RR Setups
- Thread starter Feni Bovu
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Oh! i don't have a Telegram channel my friend, do you guys like a telegram channel ??
yes sir, if you dont mind you can create one
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Also Feni, how do you entry? Do you wait for price action or just put order limit in order block?
what is tp, and where are you no reply dnt disappear we need you be with us with thanks .
Hi. The Op is helping us learn, not spoon feeding us every trade. TP means "Take Profit"
Have you watched the videos provided?
Apologies. I clicked on "Quote" on the post above yours by Dara11 where he asked what TP meant. Not sure why it quoted yours instead.
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yes sir, if you dont mind you can create one
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Also Feni, how do you entry? Do you wait for price action or just put order limit in order block?
Oh! Honestly, I'm not adding any price action features like doji or something. I'm simply waiting for a pullback to my order block, and then I execute the trade, taking into account the trend suggestion from the latest CHoCH on the H4 timeframe.
TP stands for 'Take Profit ...
Don't worry; I'm still here to help and answer your questions. Feel free to ask, and I'll do my best to assist you!
Noted! I'll certainly consider the idea of creating a Telegram channel. Thank you for your suggestion my friend!
Excellent.... I hope those who have watched the provided videos find them helpful in building a solid foundation for using the SMC strategy effectively !
Good job my friend! Your setup on GBPAUD H4/D1 does indeed look promising, especially with the clear uptrend. I would like to suggest one thing to enhance your trading strategy, kindly consider waiting for a pullback to the order block before opening a trade. This approach can improve your risk-to-reward ratio and help minimize drawdown!
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Hello friend! How are you ?
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Many thanks for your suggestion.Good job my friend! Your setup on GBPAUD H4/D1 does indeed look promising, especially with the clear uptrend. I would like to suggest one thing to enhance your trading strategy, kindly consider waiting for a pullback to the order block before opening a trade. This approach can improve your risk-to-reward ratio and help minimize drawdown!
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I found some symbols, e.g., EQL, EQH with SMC indicator. What do they stand for?
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i m good , what about you ? where you been , no any trade setup today.
Many thanks for your suggestion.
I found some symbols, e.g., EQL, EQH with SMC indicator. What do they stand for?
Oh! Good question! EQL stands for Equal Lows, and EQH stands for Equal Highs.
In Price Action, there are chart patterns. One of the most known ones are the double top and the double bottom. Smart Money Concepts refers to these double tops/bottoms as Equal Highs and Equal Lows..
Fine! We are waiting for a pullback to the order blocks!