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Patience-pays

How "Smart Money" Uses Your EmotionsWhen trading most of us entry our trades TOO EARLY. Ofcouse we don't want to miss the opportunity to make money. This is one of us basic fear and its called "fear of missing out" Everybody knows this fear but we still feel it. And it is not just trading. You feel it when your friends go out and they did not invite so you feel miserable and left out. So its natural and I struggle with it myself everyday too. The thing you gotta understand is that the "SMART MONEY TRYES TO TRAP YOUR TRADES" using your fear of "fear of missing out". For example you can see in the chart the circles that I marked when doing my backtest. See Theres normally some type of keylevel like support zone that the price touches. Everyone is expecting that the price is going to bouce after touching the support zone which it does. But before that the price breaks the support zone slighly and traps everyone to get more liquity to the trade. They dont do that to just bully you they do it because they need more contracts to buy and if peapol think its a bear breakout theres a lot contracts for good price to buy. They just try to hedge they position and get the best Risk Reward ratio. You know that feeling when the trade feels perfect and the you get wicked out. I know bro it hurts. So how can we avoid these LIQUITY TRAPS? The Markets always tests your patinece in situations like this. But i get that you cant be just patient to make money in the markets because if you have too much confirmation your probably late and if you have too little confirmation your probably in a risky situation. Everyone struggles with this and theres no one right answer. But what i can suggest you to do is wait for the VOLUME GRAB and then entry your trades. Then theres bigger chance to a winnig trade and it will be easier to trade when i dosen't give you mixed signals. When Trading 1) Be patient 2) Wait for the volume crab 3) Get the confirmation that your strategy needs Im trying to build a trading strategy to this specific relying on these "Smart Money Traps". So Follow if you wanna see the future UPDATES!
CME_MINI:NQ1!
by Patrickthe_trader
SHORT AUDUSDHello Traders, This is just my personal opinion about his pair and what i see and anticipate happening. On the daily chart price broke the blue ascending trendline with an impulsive bearish move. price has since tapped into to a previous level of support around .71600. the overall market is bearish but is showing a bit of sluggish bearish momentum, which based on the volume could indicate a potential pullback 4hr showing a potential oversold status and long wicks on the bottom of several early candles and we could be seeing a double bottom in the making, couple that with the imbalance that needs to be filled above. In my opinion we will see a pullback into .73400 area before a move back down, target .7000, a key demand zone. I am looking for shorts but will enter a counter trend trade if the price breaks above double bottom neckline. Trade WELL not OFTEN
Short
by Pipsmiths
USDCAD What do you see on UC? There are different scenarios currently running on this pair, I would really just be patient until the daily close confirms our bias. With the weakness of USD it is very hard to conclude that we can go with a bullish rally. On the other hand, our confluences are committed to our plan. We just wait patiently for our daily candle close to decide our positioning for next week. HAVE A NICE WEEKEND, DON'T FORGET TO BACKTEST YOUR STRATEGY AND EVALUATE YOUR PERFORMANCE.
by sifisoartist
Parabolic Growth - Never Chase Price!Parabolic Growth - A Quick Note Positives parabolic growth rates occur when both Growth is positive , and the Rate of Change is also increasing - the 2nd derivative is increasing in calculus terms. Obviously, the rate of geometric growth can only increase so far, otherwise price change would increase infinitely! Parabolic growth on daily charts and lower time frames eventually gives rise to periods of retracement and/or sideways consolidation. We have seen this in cryptos (BTC 's first major bull run) , many other futures contracts and even stocks. This phenomenon can be identified even in charts going back to the 50s and 60s. Lesson here? - Never chase price! - Wait for a pullback and/or consolidation phase. You don't want to be the noob that buys at the top! - Understanding the phenomenon mitigates the risk of lack of self control and feelings of FOMO.
NYMEX:NG1!
by Adam-Cox
XAUUSD 2/10/2019Hello Traders! 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. CHARTS AGENDA: SM - SMART MONEY PA - PRICE ACTION BITCOIN SIGN - MONEY POCKET ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS BLUE LINES - ENTRIES WITH SM MARKED LINES - POTENCIAL ENTRY POINT BOX - GAP's GOD BLESS U ALL!
FOREXCOM:XAUUSDShort
by Snipers-Academy
RVNUSD looks for a better support zone. Where are the targets? Hi, In the past days RVNUSD has broken out of the consolidation and is now retesting the .78 of the rally. Typical for a confirmation is a break above or below a valid resistance or support and retest to confirm its value in the market. Exactly that has happened yesterday and we have seen a volatile answer to the retest of the intersection between the boarder of the consolidation and the 0.78 line of the small move to the upside which took place after the flat correction of the rally earlier this year. To find out where the price is moving to we simply measure the heights of the consolidation and project it at the place where the breakout occured. The middle line is a target as well as other valid support zones in that area. These are in the first place monthly support zones and fibonacci retracements of the rally as well as the target zones of the consolidation . The intersection between them can give good opportunities to spot opportunities to sell or to buy since they are often the places where reversal or continuation patterns are formed. Before entering a trade wait until the common centre line is broken and check the fundamentals and the market before entering the trade. I advise to use a top-down strategy as well as multiple timeframes to perform well in the markets. If you would like to learn more about technical analyses please check out George Beaulieu on youtube. Thank you very much for reading and f you would like to see more analyses about this particular instrument please give the thumbs up or let me know what you think in the comments below. Be happy and trade with care Heish
Short
by MeruEU