EURAUD 14/09/2019 H1
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can’t play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SM must BUY LOWER and SELL HIGHER 🙂
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SM.
SM – SMART MONEY
PA – PRICE ACTION
HEC – HIGH ENERGETIC CANDLE (LAST OPPOSITE CANDLE BEFORE MOVE) <- SM MUST SELL TO BUY AND BUY TO SELL 🙂
BITCOIN SIGN – MONEY POCKET (SL, BUY STOPS, SELL STOPS) – EQH – EQUAL HIGHS / EQL – EQUAL LOWS
BLACK ARROWS ARE ABOVE AND BELOW THESE MONEY SPOTS POINTING FUTURE TARGET
BLUE LINES – ENTRIES WITH SMART MONEY MITIGATION MOVE – SNIPER ENTRY FOR US
BLACK LINES FOOT PRINTS – SPOTS ON CHART WHERE SMART MONEY SHOULD COME BACK TO GET OUT OF THEIR POSITIONS IN DRAWDOWN (SM MUST SELL TO BUY AND BUY TO SELL) – POTENCIAL SNIPER ENTRIES
BLACK BOX – GAP’s (IPA – INSUFFICIENT PRICE ACTION) – SPOTS ON CHART WHERE PRICE MOVED TOO FAST, AND LEFT SOME “WHOLES” IN PRICE ACTION WHERE ALGORITHMS WHAT TO COME BACK AND FILL IT BY “HEALTHY” PA.
If u have any questions feel free to ask:)
GOD BLESS U ALL!