you said something that gave me an "ah huh!" momment.." mark out the pervious daily high and low for direction bias (break PD high=bullish, break PD low=bearish) so much better than following a EMA or VWAP!
if you believe this shit go try it kid it is more about your strategy no matter if is simple or complicated but for info the best traders on the world has things on their chart we cant even understand because that is their edge against the market you need to find yours
But is SMC trading REALLY that complicated? I use several strategies, break and retest being one of them, but also SMC and literally the same concepts are applied just in slightly different ways. You are doing the same things and looking for the same things. IMO, most people who are trading SMC aren't doing it right if they are losing a lot of money. Blindly putting orders in an order block because it "should" go up or down from that level is NOT SMC trading. You need to wait for change of character confirmation and a retest back into the order block(no different than a break and retest of a high in this video). Lack of discipline is what causes issues for most SMC traders. The rules are not that complicated and honestly not really any different than a break and retest strategy, just applied slightly differently.
This is the only strategy you need. So far this week, I am up 80k using this strategy alone. It;s the actual holy grail. The only caveat about this strategy is that, if you don't understand price action. it can mess you up. You need to understand and master the candlesticks and what each candle patterns means.
Trading Hidden divergences using stochastic oscillator divergence works fine too,I'd seen a guy who made 728k USD in a few days using just 1k USD and stochastic oscillator divergence strategy
If you want to get at this level and don’t have high capital of your own money to start a trading account . you need to get a funded account that gives you 10k+..
That's what these "gurus" don't tell you, you have to risk $400,000 to $500,000 or more to make these LAMBO PROFITS and hope you don't lose it all by the manipulation and theft in the market...
Thanks for the video. Do you have a video on IBKR? How to set it up with general settings and the subscription, the live feed for data, etc. I tried once and it seemed very complicated. Many videos out there on how to set up charts and trading screens. But nothing on how to set it up from scratch.
why did you only trade, M, W, Th ? Also, are your options ATM or ITM or OTM ? also do you use market orders to get in/ out or limit orders at your levels?
traders think they need analysis school to be trader while in reality you don't need that and if you learn analysis school then you are analysis and not necessary a trader ,trader only need one or two strategy with good risk/reward ratio that it don't try predict the market or forecast for the whole year just focuse on your trade i know it is simple but it takes me almost two years to realize this
You had me until you said $15 for each contract(NVDA). Most people cant trade that type of premium. Let alone 20 contracts. Thats why your pnl is so skewed compared to most others.
It's worth mentioning, that this strategy works best with big cap companies. Straight breakthrough works better with small caps because you rarely get a clean retest like this.
What broker are you using? Is it the one you talked about at the beginning? And what’s your method/steps for buying/selling options with a stop loss? Is that easy to do with the broker you’re using? Or are you calculating it manually and adding it to the order after it’s been placed?
Save the Video, Go do the research; and when you know and understand the basics: Return to the Saved Video, and fully understand it; in the very least be greatly informed. Do be careful you don't get confused with mixed teachings, theories etc; just learn the tools and strategies and all success to you! I just want to invest in my weekly income, by hiring service managers, to successfully do for me; how they do for others: and pay out on time never miss. Big ups to all successful forex traders, though forex trading is too risky for me; even though they are able to profit: at both ends of market price fluctuations. The shocking exceptions, are the "No Change In Price" movements; where all bets are lost. Plus, I hope to do successful BITCOIN (BTC) Mining.
This strategy works only in trending markets not in ranging markets just to prove my point imagine price is begining to make an. Expanding triangle once a strong break to the upside happens and price comes down to retest and give you a buy signal you are buying in an expanding triangle which is kind of a range and in you are buying at the top of the range instead of selling hence you are stuck buying high price will reverse and take tou out since now the price will break to the low side. So most important in trading is when u spot market trending buy above candles closing near the high when you see markets ranging then look to sell above candles closing near the high.
So we need to wait until premarket is over to get the levels, and then hurry up and finish the chart when the market opens? Someone please clarify that for me?
Your stop loss is so small that I always hit in crypto. I only trade in crypto Your stop loss really needs to be about 3 or 4 percent to not reach it the stop loss
Congrats on your success but whatever picture or image you put with all the indicators is NOT ICT or SMT lol. ICT actually talks down in indicators. Dont down talk a strategy that you haven’t actually studied. I would say it can get complicated with all the Wyckoff Cycles of accumulation and distribution but it can become simple. And you used liquidity wrong too in your example. Stick to teaching break and retest
Glad you got this strategy down and it works for you. I been trying to work on this strategy for about 6 months now and it never works that way for me. This isn't as easy as people make it seem. You try to follow every step, wait on the reaction and action candles. see there is support at the level, get in and boom straight the other direction 9/10 times. Think I am going to switch to trading the pattern then the one chance you get it right it doesn't ever hit your target. Glad people can make it work more power to you if you can but most of the time I see false breakouts right back into the same pattern and think I am going to take a nab at looking for the breakout signals that show support at key levels and bet against it going against the support because that is what I mainly see.
I had the same problem: buying and the market turning. That’s because you are not catching the right retest/confirmation move. Review them and you’ll figure out what you’re doing wrong. Bear in mind, they often double retest now to try screw up traders.
@@daisydee1788 So then what should I be looking for then because I am trying to figure this out. From what I have learned from months is wait for the breakout which is the reaction candle then see what the next action candle does. if it finds support at the breakout that is the point you want to get in. If it doesn't then keep an eye on it and see if it comes back to that level again. From my understanding each time a trend or key level is touched it becomes weaker, so a double retest is weaker than the first retest most people say don't trust a third retest. In the video he takes a trade based off a retest of resistance turned support on a doji candle which I find weird. even though the candle found support it was indecisive and that a reversal can occur. I would have never taken that trade on the doji because what I have been told and its wait for the next candle to print. Next candle prints to the side I want it to showing strength then I get in then bam straight the other direction. I feel almost like trading sticks more to the pattern then this breakout method in my opinion. I get burned less trading the ups and downs of a flag pattern then trying to play a breakout. Most of the time it's a false breakout right back into the pattern or it breaks out and either never returns for a second retest or two it takes all day to come back to retest and at the point I find that the support is more than not likely going to be there because it took too long and it makes me un interested in trying to trade it at that key level again. I have been reviewing for about 6 months and I see no difference in what I am doing and what everyone else is doing on the breakout strategy. When your mind tells you you followed all the rules in every scenario, and it still fails 9/10 times does this strategy really work like everyone says it does or is someone not giving the full rules and I don't know something? I feel like I am missing something because I don't see it as easy as everyone acts like it is when they make these videos. This month I am going to only try trading inside flag or channel patterns, and I want to see if this works better for me then trying to trade breakouts just to see what I can do because there is something I am not getting with this breakout trading strat and I have gone through so many videos that it isn't funny, and everyone says the same thing.
you need to build a journal of all trades you are taking. Including your complete thought process and emotions during the. Something else you need to do is study a few more courses. One course never made a trader
SUMMARY EVERY STRATEGY HAS A GOOD TIME WITH TIME THE EDGE DECREASES WHEN MOST TRADERSTAKE ONE SIDE OF THE MKT, NATURALLY THE MARKET WILL INVERSE TO BALANCE COMPLICATION MEANS UNPROFITABILITY SIMPLICITY IS PROFITABILITY METHOD WE ARK PRE MARKET HIGH AND PRE MARKET LOW DRAW LINES
Appreicate the transparency of your trades and the way you explain these concepts in simplest form with examples, Tony. I've heard it said this way, "If you cannot explain an idea in a way that is concise and simple, then you do not fully understand it yourself."
A chart is not the market. It is a record of where buyers and sellers transacted. You could never know the actual market. It takes a whole one single trade to blow past any support / resistance levels and potentially start a trend and trends fail all the time. Charts that look like kindergarten art projects are funny as hell. Keep the charts clean. A few timeframes of charts, daily highs / lows, premarket highs / lows, opening range highs / lows, obvious and glaring long term support / resistance, volume histogram, VWAP, level 2, time & sales. Those highs / lows are the same no matter who is looking at them. Reduce variability and subjectivity. Track your stats. Get your head straight and keep it straight.
The declining win rate of a strategy has nothing whatsoever to do with how many people are trading it, dude. Our actions, even collectively, hardly make a blip in the market. Strategies ebb and flow as markets go through natural evolution and cycle changes. This is especially true of indicator-based strategies, as they rely on scripts rather than discretion. That being said, I 100% agree with the premise that ICT is a waste of time.
the moment i cleaned my charts and used basic stuff like structure and a few other, it radically changed my trading. i love a clean chart, and basic S/R, trend etc are undefeated
So what is the risk management looks like in this approach? It remains me my one and only time in my life playing roulette in casino walking away with $80 profit after 2 hours of play. Waiting till 5 same colour appeared on display next to any of the 10 roulette tables. Then betting 5 on opposite color then double 10 if lost then double 20, 40,80,160. Counting that it is highly unlikely you get 12 same color in one row. Stop loss being 600.
For trading strategy, it's easier to KISS it like this video. (Keep It Simple Stupid) The market loves smart people. This is somewhat how I've been trading the past 2 years and has been profitable outside of the fact that i still do dumb stuff sometimes.
You're simply trading ICT's order flow. Internal to external. Not really that complicated. Also simple market structure in the lower time frame - higher highs and higher lows.
This is really great. I like how clear your explanations are. Can you do videos that involve starting out with less money? I can see how when you start out with $328k it is very possible to have weekly gains like yours.
Also, consider things like Forex where retail traders are generally trading CFD's, not the actual currencies themselves. Therefore, SMC trading doesn't really have any effect on the market since there is no real liquidity for the banks/hedge funds/institutions to take from retail traders since the retail traders are not trading the same instruments as they are. And even if there WAS money to be taken from retail traders, the amount would be so small compared to what they are trading with that it would be inconsequential - under 5% total.
You say, “I took this trade,” but do not say what the trade was. Did you trade the stock, options, etc? If options, how many contracts? Buy calls, sell spreads, or other? A lot of details are left out of the explanation.
the strategy is valid for stocks, equities, etfs, forex, resources, bitcoin, anything with volume. this is a very common strategy. the problem is the work that needs to be put in beforehand in terms of setting levels, setting alerts for those levels and the difficulty in automating that. I'd love to see this guy's performance over a year. You could trade the 5 minute breakout strategy and it is profitable at the end of the month and actual stupid simple to automate. it all depends on what you want to do with your mornings or days or time in general.
so it seems like you buy 1 day out expiration and itm contracts? i recently switched to a month out due to less volatility. do you also move up/down your stop as price approaches your price target? thx for sharing this video tho
It looks like NVDA doesn't have contracts that expire every trading day. It only has contracts which expire every 7 days. On the day he took this trade, the closest expiration was 1 DTE. Thank you for pointing this out. I often wondered how far out he bought.
![NOSFERATU - Official Trailer [HD] - Only In Theaters December 25](http://i.ytimg.com/vi/nulvWqYUM8k/mqdefault.jpg)
Man thank you. Much love from South Africa. I will be watching all your videos.. Love your honest and simple approach no bs. Keep doing what you doing
I'm only using price action, market structure, and 50 ema. Very consistent
what ticker do you focus on mostly
@@Tobbzy04 I trade forex major pairs, except NZDUSD.
This is the way. I'm using 21ema though and a 2000 tick chart
@@tj86xj fellow PAT/Thomas Wade enjoyer?
@@ce8539 You know it 🍻
I don’t understand, if you are doing this well, why are you telling other people and looking to build your subscriber base? Congrats on the trades.
There is no competition between retail traders. We dont move the market anyways.
@@Buu7899true, but not enough
To be successful on RUclips… why can’t someone do more then one thing…
It doesn't mean if you earn on 1 thing, you stop looking to earn from another. You monetize each possibility and grow different types of assets.
Consistency and focus to be successful
you said something that gave me an "ah huh!" momment.." mark out the pervious daily high and low for direction bias (break PD high=bullish, break PD low=bearish) so much better than following a EMA or VWAP!
Yea, I agree, I liked this also!
1+1 =2 😂
@@taden2007 😅
"Complication = Unprofitability". Nailed it.
Truth... I've been living it for 7 years.... ugggh
@@keljaz6616 Your stop loss is my entry
if you believe this shit go try it kid
it is more about your strategy no matter if is simple or complicated
but for info the best traders on the world has things on their chart we cant even understand because that is their edge against the market you need to find yours
But is SMC trading REALLY that complicated? I use several strategies, break and retest being one of them, but also SMC and literally the same concepts are applied just in slightly different ways. You are doing the same things and looking for the same things. IMO, most people who are trading SMC aren't doing it right if they are losing a lot of money. Blindly putting orders in an order block because it "should" go up or down from that level is NOT SMC trading. You need to wait for change of character confirmation and a retest back into the order block(no different than a break and retest of a high in this video). Lack of discipline is what causes issues for most SMC traders. The rules are not that complicated and honestly not really any different than a break and retest strategy, just applied slightly differently.
This is the only strategy you need. So far this week, I am up 80k using this strategy alone. It;s the actual holy grail. The only caveat about this strategy is that, if you don't understand price action. it can mess you up. You need to understand and master the candlesticks and what each candle patterns means.
Is there like candle stick book ? Or something to master them flash cards or common pattern I’ve been looking but can’t find it
What stocks/indices/pairs do you like to trade with it? Seems legit!
Don't worry about patterns learn supply and demand, once you learn that you'll start to understand why the price moves up and down
Trading Hidden divergences using stochastic oscillator divergence works fine too,I'd seen a guy who made 728k USD in a few days using just 1k USD and stochastic oscillator divergence strategy
80k is insane. hard to save this amount with a job.
The company name is pronounced "En-vidia", not "Na-vidia." Lol!
Every month? Really?
How much money did you start with to make $100,000 .. you need money to make money..
If you want to get at this level and don’t have high capital of your own money to start a trading account . you need to get a funded account that gives you 10k+..
That's what these "gurus" don't tell you, you have to risk $400,000 to $500,000 or more to make these LAMBO PROFITS and hope you don't lose it all by the manipulation and theft in the market...
Now that this is posted it will stop working 😂
Thanks for the video. Do you have a video on IBKR? How to set it up with general settings and the subscription, the live feed for data, etc. I tried once and it seemed very complicated. Many videos out there on how to set up charts and trading screens. But nothing on how to set it up from scratch.
100k / month
Ne veut rien dire , tout dépend de ton capital.
Parle en pourcentage , moi j'ai fait 234% et toi ?
why did you only trade, M, W, Th ? Also, are your options ATM or ITM or OTM ? also do you use market orders to get in/ out or limit orders at your levels?
You also have videos on ICT's approach. What is your *real* trading style?
traders think they need analysis school to be trader while in reality you don't need that and if you learn analysis school then you are analysis and not necessary a trader ,trader only need one or two strategy with good risk/reward ratio that it
don't try predict the market or forecast for the whole year just focuse on your trade
i know it is simple but it takes me almost two years to realize this
1600 likes. Remember your promise at 2k😎
lets go guys, 2000 likes , we get the real deal ... 1 hour , press the like, lets learn together.this are gems for free, low hanging fruits,thx Tony
You had me until you said $15 for each contract(NVDA). Most people cant trade that type of premium. Let alone 20 contracts. Thats why your pnl is so skewed compared to most others.
Im just using ema 50,21,200.ema 50&200 for looking trend in big time frame and ema 50&21 is for looking moments in small time frame
Winrate just 40-60% but with right money management,this strategy still profit
“Buy low, sell high”. Thank you! But I’m still confused how to predict the market.
It's worth mentioning, that this strategy works best with big cap companies. Straight breakthrough works better with small caps because you rarely get a clean retest like this.
What broker are you using? Is it the one you talked about at the beginning? And what’s your method/steps for buying/selling options with a stop loss? Is that easy to do with the broker you’re using? Or are you calculating it manually and adding it to the order after it’s been placed?
Hi Scarface, can you please share what tickers are good to go? Those with high volatility, or largest market movers for the day or? thank you!
Dude your full of it! Your showing Mark ups on a 2007 chart! Your phone log in was fake also!
Where can the beginners go what he is clicking on doesn’t make sense 😢
Save the Video, Go do the research; and when you know and understand the basics: Return to the Saved Video, and fully understand it; in the very least be greatly informed.
Do be careful you don't get confused with mixed teachings, theories etc; just learn the tools and strategies and all success to you!
I just want to invest in my weekly income, by hiring service managers, to successfully do for me; how they do for others: and pay out on time never miss.
Big ups to all successful forex traders, though forex trading is too risky for me; even though they are able to profit: at both ends of market price fluctuations. The shocking exceptions, are the "No Change In Price" movements; where all bets are lost.
Plus, I hope to do successful BITCOIN (BTC) Mining.
Thanks for the awesome learning advise!!!!
Nvidia, NOT "Nividia"
How much money did you risk that week to gain $42k?
More than your average trader has lol
This strategy works only in trending markets not in ranging markets just to prove my point imagine price is begining to make an. Expanding triangle once a strong break to the upside happens and price comes down to retest and give you a buy signal you are buying in an expanding triangle which is kind of a range and in you are buying at the top of the range instead of selling hence you are stuck buying high price will reverse and take tou out since now the price will break to the low side. So most important in trading is when u spot market trending buy above candles closing near the high when you see markets ranging then look to sell above candles closing near the high.
1:54 how did he make the like button below the video pane glow?????????????
That’s basic price action (undefeated strategy)
Can u teach me trading offline sir
Will do anything for learning
Bipin pawar
India
So we need to wait until premarket is over to get the levels, and then hurry up and finish the chart when the market opens? Someone please clarify that for me?
exactly.
Your stop loss is so small that I always hit in crypto. I only trade in crypto Your stop loss really needs to be about 3 or 4 percent to not reach it the stop loss
We love you and your videos.. Jesus brings you close to Him.
superb boss, im from india and do this stratergy works on all indices
Tell me you are The GOAT without telling me you're The GOAT.
* Uploads this video *
thank you for sharing this! Liked + Subbed
Anyone else found this helpful? Let’s discuss in the comments!
can i apply this strategy on currencies and gold?
I am trying to learn but all the numbers you are rattling off might as well be Mongolian. What does all that shit mean?
Hi,what is the best trading platform for beginners?
i am going to be your new student i am storgling to learn trade from 3 years so look like you are the best mentor Teacher thanks you for good video ..
Be careful man! He hasn't even showed real proof of his success
does it work for forex too?
10K like aim completed, we need that 1 hour long video
The 1st comment is just enought to km now what this video is.
Show profits, show the phone. After effects is easy to use.
Hey buddy if you are dam sure do one live trade then we can trust you
14 % wow. Thats like having 3k and making 400.
I agree with you. That is a wow for a 14% increase without worries
Hey Scar, just wanna know what's your take on prop firms for beginners?
How do u mark out those levels buddy
please help me someone I want $2000 to pay my loans.
boa noite o seu audio esta muito baixo !!
Congrats on your success but whatever picture or image you put with all the indicators is NOT ICT or SMT lol. ICT actually talks down in indicators. Dont down talk a strategy that you haven’t actually studied. I would say it can get complicated with all the Wyckoff Cycles of accumulation and distribution but it can become simple. And you used liquidity wrong too in your example. Stick to teaching break and retest
Glad you got this strategy down and it works for you. I been trying to work on this strategy for about 6 months now and it never works that way for me. This isn't as easy as people make it seem. You try to follow every step, wait on the reaction and action candles. see there is support at the level, get in and boom straight the other direction 9/10 times. Think I am going to switch to trading the pattern then the one chance you get it right it doesn't ever hit your target. Glad people can make it work more power to you if you can but most of the time I see false breakouts right back into the same pattern and think I am going to take a nab at looking for the breakout signals that show support at key levels and bet against it going against the support because that is what I mainly see.
I had the same problem: buying and the market turning. That’s because you are not catching the right retest/confirmation move. Review them and you’ll figure out what you’re doing wrong. Bear in mind, they often double retest now to try screw up traders.
@@daisydee1788 So then what should I be looking for then because I am trying to figure this out. From what I have learned from months is wait for the breakout which is the reaction candle then see what the next action candle does. if it finds support at the breakout that is the point you want to get in. If it doesn't then keep an eye on it and see if it comes back to that level again. From my understanding each time a trend or key level is touched it becomes weaker, so a double retest is weaker than the first retest most people say don't trust a third retest. In the video he takes a trade based off a retest of resistance turned support on a doji candle which I find weird. even though the candle found support it was indecisive and that a reversal can occur. I would have never taken that trade on the doji because what I have been told and its wait for the next candle to print. Next candle prints to the side I want it to showing strength then I get in then bam straight the other direction. I feel almost like trading sticks more to the pattern then this breakout method in my opinion. I get burned less trading the ups and downs of a flag pattern then trying to play a breakout. Most of the time it's a false breakout right back into the pattern or it breaks out and either never returns for a second retest or two it takes all day to come back to retest and at the point I find that the support is more than not likely going to be there because it took too long and it makes me un interested in trying to trade it at that key level again. I have been reviewing for about 6 months and I see no difference in what I am doing and what everyone else is doing on the breakout strategy. When your mind tells you you followed all the rules in every scenario, and it still fails 9/10 times does this strategy really work like everyone says it does or is someone not giving the full rules and I don't know something? I feel like I am missing something because I don't see it as easy as everyone acts like it is when they make these videos. This month I am going to only try trading inside flag or channel patterns, and I want to see if this works better for me then trying to trade breakouts just to see what I can do because there is something I am not getting with this breakout trading strat and I have gone through so many videos that it isn't funny, and everyone says the same thing.
you need to build a journal of all trades you are taking. Including your complete thought process and emotions during the. Something else you need to do is study a few more courses. One course never made a trader
I don’t ever like or subscribe… but this video was fucking straight forward and proved he knows exactly how to trade as well as coach.. great video
GameStop is THE play great CEO great industry and a debt free company
SUMMARY
EVERY STRATEGY HAS A GOOD TIME
WITH TIME THE EDGE DECREASES
WHEN MOST TRADERSTAKE ONE SIDE OF THE MKT, NATURALLY THE MARKET WILL INVERSE TO BALANCE
COMPLICATION MEANS UNPROFITABILITY
SIMPLICITY IS PROFITABILITY
METHOD
WE ARK PRE MARKET HIGH AND PRE MARKET LOW
DRAW LINES
Appreicate the transparency of your trades and the way you explain these concepts in simplest form with examples, Tony. I've heard it said this way, "If you cannot explain an idea in a way that is concise and simple, then you do not fully understand it yourself."
Your cost basis on the NvDA options was over $20k. You put up $20k to make 9k$. Very misleading.
yesss^_^
is there any way to share your tradingview settings?
ICT sucks. Both the man and the "strategy"
I barely understand what he’s saying
Help? Anyone?
I think he didn't know that the hoodie he used to wear , printed "AMIRI" means "BEING RICH" in INDIA😅😅
Hello sir I'm from Saudi Arabia can i join your live trade please? I have lost lots of money i'm new..i need guidance pleases 🙏 sir..
Hey Tony I have a question.
Are you trading futures or stocks? Please let me know thanks
A chart is not the market. It is a record of where buyers and sellers transacted. You could never know the actual market. It takes a whole one single trade to blow past any support / resistance levels and potentially start a trend and trends fail all the time. Charts that look like kindergarten art projects are funny as hell. Keep the charts clean.
A few timeframes of charts, daily highs / lows, premarket highs / lows, opening range highs / lows, obvious and glaring long term support / resistance, volume histogram, VWAP, level 2, time & sales. Those highs / lows are the same no matter who is looking at them. Reduce variability and subjectivity. Track your stats. Get your head straight and keep it straight.
Thanks for the vid! Do you think showing your strat/edge will compromise its effectiveness?
It's an infomercial. He is selling to you. If you were making 100 thousand of dollars a week would you bother making a RUclips video?
Why are you saying Nividia like a boomer?? It's Envidia...
How much did you invest? For how long to make 100K? 😐
Is the trading platform UR using IBKR or Tradezilla??
Nice video and informative!
Can you please create a video for swing trading strategies without technical analysis?
I made 50 buying 100 NVDA 2 months ago 😂😂😂
You don't use indicators with ICT.
Retail traders don't have enough volume to move the market.
You have a large account. You need to discuss your week(s) in terms of percentage. Seems you made around 10%. That can be made in a day.
Ive tried that strategy to xau/usd... Was about 50% win rate... Have you tried to that pair??? Or only crypto???
Why did. Go to college for Criminal Justice should have learned finance and trading Aaaaaargh!
The declining win rate of a strategy has nothing whatsoever to do with how many people are trading it, dude. Our actions, even collectively, hardly make a blip in the market. Strategies ebb and flow as markets go through natural evolution and cycle changes. This is especially true of indicator-based strategies, as they rely on scripts rather than discretion. That being said, I 100% agree with the premise that ICT is a waste of time.
Anyone know where the 1-hour follow-up is (the one promised for 2000 likes)?
I'm 59, I need to maximize my income. I will watch you more to learn. What you're explaining I've experienced in a negative aspect. Please help
Should have shown the performance of your IB account, not the value.
the moment i cleaned my charts and used basic stuff like structure and a few other, it radically changed my trading. i love a clean chart, and basic S/R, trend etc are undefeated
how do you find stocks for your strategy to work ?
exactly.
So what is the risk management looks like in this approach? It remains me my one and only time in my life playing roulette in casino walking away with $80 profit after 2 hours of play. Waiting till 5 same colour appeared on display next to any of the 10 roulette tables. Then betting 5 on opposite color then double 10 if lost then double 20, 40,80,160. Counting that it is highly unlikely you get 12 same color in one row. Stop loss being 600.
Marking your pre-market high & low, what timeframe do you use?
For trading strategy, it's easier to KISS it like this video. (Keep It Simple Stupid)
The market loves smart people.
This is somewhat how I've been trading the past 2 years and has been profitable outside of the fact that i still do dumb stuff sometimes.
You're simply trading ICT's order flow. Internal to external. Not really that complicated.
Also simple market structure in the lower time frame - higher highs and higher lows.
This doesn't look simple at all, especially for the beginner traders.
This is really great. I like how clear your explanations are. Can you do videos that involve starting out with less money? I can see how when you start out with $328k it is very possible to have weekly gains like yours.
I’ve looked through and watch many of your videos. I cannot find your video about how to scale out, can you point me in the right direction? Thx
Also, consider things like Forex where retail traders are generally trading CFD's, not the actual currencies themselves. Therefore, SMC trading doesn't really have any effect on the market since there is no real liquidity for the banks/hedge funds/institutions to take from retail traders since the retail traders are not trading the same instruments as they are. And even if there WAS money to be taken from retail traders, the amount would be so small compared to what they are trading with that it would be inconsequential - under 5% total.
You say, “I took this trade,” but do not say what the trade was. Did you trade the stock, options, etc? If options, how many contracts? Buy calls, sell spreads, or other? A lot of details are left out of the explanation.
Anyone actually us this and have success
@@nathanestey2456 yes
Simple, but how do you distinguish continuation in a trend direction after pullback from a reversal?
Is it applicable for forex trading?
interesting video , how much charges you pay for every trade ?
Just trying to learn trading. I've never done it before and I didn't understand really a word you said 😅
Cool vid. Is this valid for Forex too?
the strategy is valid for stocks, equities, etfs, forex, resources, bitcoin, anything with volume. this is a very common strategy. the problem is the work that needs to be put in beforehand in terms of setting levels, setting alerts for those levels and the difficulty in automating that. I'd love to see this guy's performance over a year. You could trade the 5 minute breakout strategy and it is profitable at the end of the month and actual stupid simple to automate. it all depends on what you want to do with your mornings or days or time in general.
And this works on forez also ? Thank you
so it seems like you buy 1 day out expiration and itm contracts? i recently switched to a month out due to less volatility.
do you also move up/down your stop as price approaches your price target?
thx for sharing this video tho
I buy 1DTE usually which is one week expirations.
I often keep my stop the same but this is depending on the setup I take.
It looks like NVDA doesn't have contracts that expire every trading day. It only has contracts which expire every 7 days. On the day he took this trade, the closest expiration was 1 DTE.
Thank you for pointing this out. I often wondered how far out he bought.