Smart market moves trading

Simple but smart and profitable market moves..

https://t.me/+nA3aboLRpcFkMTA8

1. GBPUSD

Long Term outlook

GU gave a good bullish 4hr entry during my vacation..
From the weekly tf, we should expect more bullish move to around 1.367 area. If price breaks the 1.367, then we may have a bullish move to 1.39/40 area before a major bearish move begins.


Game plan will be to wait for bullish set-up on lower tf to join this expected bullish move of the higher tf


Price is almost complete with our priority set up for a bullish move on the daily tf..
What we are looking for here is price retracing back to the marked area before resuming bullish...

If on the short term move i see a bearish set-up, i'll be selling based on the anticipated bearish retracement ...

GbpAud trade

GbpNzd setting up for a SELL

GU trade....

Looking at the chart for opportunities to sell..

EurCad........Buy

This is how i'll be playing the GU......

Scenario 1
Price reacted strongly by bouncing off the first PRZ, if this gives a bullish structure by taking out the most recent lower low, i'll wait for a retrace, then cf to buy..

Scenario 2
If price breaks the first PRZ, it may likely test the second PRZ above it. If this happens, then i'll look for bearish reversal candle formation for final confirmation to sell..

....
Waiting for BULLISH REVERSAL CF TO BUY on the Daily tf

on the 4hr, a bullish structure is needed to confirm immediate mid-term/short term BUYS

So, scenario 2 happened......and we'll be selling between 1.3592/1.3690

GBPAUD....

Attached Image (click to enlarge)

Price at a PRZ and already gave a bearish reversal candle formation at close of the week...

Will look to sell at Market open or at a comfortable level..

SL= 1.8990

USDCAD

Possible BUY if price gives a good reversal bullish candle formation..4hr tf

GBPJPY..

Price is at a PRZ on weekly which gives a possibility of bearish turn....


Price already gave a bearish structure on the 4hr......We are having more odds in our favour to go bearish


Set up on 1hr seems to be going pretty well....we wait to have a full set-up before we can pull a trade....

Exactly... A break and retest of the psychological/institutional level of 1.3600 which also is an area of liquidity will mean a bullish signal for me....
But if I get a bounce/sell signal at this level, I'll consider selling..

Reason for buy is as stated above

GbpJpy Sell trade.....

Being consistent is key to your success in Forex Trading...

There are 3 major areas or departments in Forex Trading that needs you to be consistent, working almost 100% mechanically. They are

i. Strategy
ii. Equity/Capital Management
iii. Trading Psychology

All these 3 components are very germane to your success and no one is more important than the other (in my own opinion), as they all work together as a team to ensure your success.

I have one of the best (if not the best) trading strategy, but, it would surprise you to know that even with the strategy, i have burnt accounts... Why? you ask...

I got careless with my Equity Management. Becoming over confident and trusting too much in the strategy, i got careless with my equity management..

No strategy is an holy grail (fail proof)......

What am i stressing? You need to have a mastery of these 3 components to be successful in Forex Trading.

3 things are also needed in being consistent. They are:
i. Patience
ii. Discipline
iii. Focus

Here at SMM, we call these 3 combo, the PDF file....

If you are still struggling with any of these, then you are in the right place of getting a solution and becoming consistently profitable.

join us on zoom tonight as we begin a 10 part series on smart market moves.....

Smart Market Moves is inviting you to
Topic: SMART MARKET MOVES SERIES-1- TREND STRUCTURE
Time: Jan 19, 2022 09:00 PM West Central Africa
Join Zoom Meeting
https://zoom.us/j/92269061703?pwd=MG...1IZHhLSkxQdz09
Meeting ID: 922 6906 1703
Passcode: SMM

join us on zoom tonight as we begin a 10 part series on smart market moves.....

Smart Market Moves is inviting you to
Topic: SMART MARKET MOVES SERIES-1- TREND STRUCTURE
Time: Jan 19, 2022 09:00 PM West Central Africa
Join Zoom Meeting
https://zoom.us/j/92269061703?pwd=MG...1IZHhLSkxQdz09
Meeting ID: 922 6906 1703
Passcode: SMM