logicgate Posted February 23, 2022 Report Share Posted February 23, 2022 SMC stuff, shared on telegram: https://mega.nz/folder/AQA2mTJL#VEBa9XqnMpnzFWFbBnpcAA www .fx funding mate.com/ Traderbeauty, anton1713006147, birdshoof and 5 others 8 Quote Link to comment Share on other sites More sharing options...
Skeleton Posted February 23, 2022 Report Share Posted February 23, 2022 checked it but nothing new there same old stuffs ........ Quote Link to comment Share on other sites More sharing options...
indyan Posted February 24, 2022 Report Share Posted February 24, 2022 checked it but nothing new there same old stuffs ........ What else wud be there? smc is all about liquidity,mitigation,imbalance,choch,poi,ob, breaker . all will teach the same thing., unless we use confluence with other study it will be same for everyone Quote Link to comment Share on other sites More sharing options...
Skeleton Posted February 24, 2022 Report Share Posted February 24, 2022 What else wud be there? smc is all about liquidity,mitigation,imbalance,choch,poi,ob, breaker . all will teach the same thing., unless we use confluence with other study it will be same for everyone It's been two and half years I'm in this trading business I tried almost all the shitty technical analysis. from my experience these two analysis gives better edge over any other methods 1.SMC stuff and 2.Supply and Demand method. it's true guys..... but only one thing retail traders missing is mass retail trader's pending orders and market orders. somehow if we can get access to that data we could make a shitload of money like institutional traders, that is which not gonna happen as you all know already. birdshoof 1 Quote Link to comment Share on other sites More sharing options...
logicgate Posted February 24, 2022 Author Report Share Posted February 24, 2022 SMC is supply and demand, it´s just rebranded, it´s the same thing... "bearish order block" is supply. birdshoof 1 Quote Link to comment Share on other sites More sharing options...
logicgate Posted February 24, 2022 Author Report Share Posted February 24, 2022 It's been two and half years I'm in this trading business I tried almost all the shitty technical analysis. from my experience these two analysis gives better edge over any other methods 1.SMC stuff and 2.Supply and Demand method. it's true guys..... but only one thing retail traders missing is mass retail trader's pending orders and market orders. somehow if we can get access to that data we could make a shitload of money like institutional traders, that is which not gonna happen as you all know already. It won´t make a difference knowing those orders... The problem is consistency. I am still not very consistent, my equity curve is like a range, I make money and give all back, rinse repeat. It´s not a technical problem, it´s psychological. I know what I have to do and what I shouldn´t , but I enter revenge trading mind very easily when I get stopped or make some other screw up. I am combining BTMM with SMC and it´s working nicely. For example yesterday I took a short trade in GBPUSD right in the high of the day and by the end of the day I was 60 pips in profit. I had like a 2 pips stop loss, so this was 30R trade right? Very nice. My initial target was waaay below, like 200 pips down, but I ended up convincing myself that the market would go up at the end of day and started getting afraid of giving all profits back, so I closed the trade and even opened some longs which initially were on the green. Today when I woke up, I saw that the market had crashed, stopped me out the longs and to make me even more infuriated, it had reached and surpassed my initial 200 pip target that I abandoned when I convinced myself of going long... If I had let my trades at break even and never touched them, I would have made a huuuuuge profit like more than 200R. So this messed my head and I Started trying to catch bottoms, getting stopped out, started opening bigger positions, stopped out, started hesitating to take trades when I should and of course when I hesitated the market would do exactly what I predicted and when I decided to take action I would be wrong - this only sent me on an even worst downward spiral of self sabotage... So I gave back all I had made the previous day, and a bit more. birdshoof, thiago and ⭐ Gambler67 3 Quote Link to comment Share on other sites More sharing options...
Skeleton Posted February 25, 2022 Report Share Posted February 25, 2022 It won´t make a difference knowing those orders... The problem is consistency. I am still not very consistent, my equity curve is like a range, I make money and give all back, rinse repeat. It´s not a technical problem, it´s psychological. I know what I have to do and what I shouldn´t , but I enter revenge trading mind very easily when I get stopped or make some other screw up. I am combining BTMM with SMC and it´s working nicely. For example yesterday I took a short trade in GBPUSD right in the high of the day and by the end of the day I was 60 pips in profit. I had like a 2 pips stop loss, so this was 30R trade right? Very nice. My initial target was waaay below, like 200 pips down, but I ended up convincing myself that the market would go up at the end of day and started getting afraid of giving all profits back, so I closed the trade and even opened some longs which initially were on the green. Today when I woke up, I saw that the market had crashed, stopped me out the longs and to make me even more infuriated, it had reached and surpassed my initial 200 pip target that I abandoned when I convinced myself of going long... If I had let my trades at break even and never touched them, I would have made a huuuuuge profit like more than 200R. So this messed my head and I Started trying to catch bottoms, getting stopped out, started opening bigger positions, stopped out, started hesitating to take trades when I should and of course when I hesitated the market would do exactly what I predicted and when I decided to take action I would be wrong - this only sent me on an even worst downward spiral of self sabotage... So I gave back all I had made the previous day, and a bit more. That's it then, just keep on trading small account until your demons gone and gain consistency. its just dualistic nature of our brain bro......it happens not just in trading career but also in our daily aspects of life too it never goes off until we reach to an enlightened state. Quote Link to comment Share on other sites More sharing options...
d7769 Posted February 25, 2022 Report Share Posted February 25, 2022 It won´t make a difference knowing those orders... The problem is consistency. I am still not very consistent, my equity curve is like a range, I make money and give all back, rinse repeat. It´s not a technical problem, it´s psychological. I know what I have to do and what I shouldn´t , but I enter revenge trading mind very easily when I get stopped or make some other screw up. I am combining BTMM with SMC and it´s working nicely. For example yesterday I took a short trade in GBPUSD right in the high of the day and by the end of the day I was 60 pips in profit. I had like a 2 pips stop loss, so this was 30R trade right? Very nice. My initial target was waaay below, like 200 pips down, but I ended up convincing myself that the market would go up at the end of day and started getting afraid of giving all profits back, so I closed the trade and even opened some longs which initially were on the green. Today when I woke up, I saw that the market had crashed, stopped me out the longs and to make me even more infuriated, it had reached and surpassed my initial 200 pip target that I abandoned when I convinced myself of going long... If I had let my trades at break even and never touched them, I would have made a huuuuuge profit like more than 200R. So this messed my head and I Started trying to catch bottoms, getting stopped out, started opening bigger positions, stopped out, started hesitating to take trades when I should and of course when I hesitated the market would do exactly what I predicted and when I decided to take action I would be wrong - this only sent me on an even worst downward spiral of self sabotage... So I gave back all I had made the previous day, and a bit more. Tom Dante has a great video on youtube about creating a demon list. i suggest you to watch that and follow the tips. it really helps. AND the f***ing journaling helps a lot. i was against it all my trading years (6+) but in last year i have started to do it and it helps to see the weak points in my trading and because of that i have created my A+ setup which has a very very high success rate and when i see that i took way bigger position size and for most of the cases it works out well. i have also punishment rules if i do revenge trading and with that, you are more conscious when you are about to enter in revenge trade so then you can prevent it more easily. i also need to work more on the exits and for keeping trades longer, but from my journal i see that i have 60% of the time good exits on profitable trades, before it was waaay lower so now its even more challenging to increase the % of the perfect exits. and the usual stuff- workout and meditation helps a lot (at least for me) p.s. there will be always another trade so no point of being pissed about missing a good trade. birdshoof and logicgate 2 Quote Link to comment Share on other sites More sharing options...
indyan Posted February 25, 2022 Report Share Posted February 25, 2022 For me confluence is the key to make ur setup successful.smc,snd, harmonic, rsi.trendline if we put them together we get a very high RR setup birdshoof 1 Quote Link to comment Share on other sites More sharing options...
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