📚SAVE THIS: Smart money concepts involve understanding the behavior of institutional investors and market trends. To utilize smart money patterns you need to understand the meaning of ENTRY Patterns.
1) Only use them for mitigation purposes not picking an area of interest. This mistake has cost a lot of traders their money and time.
2) Only trade smart money patterns from "Point of interests. E.g going to pick a random stophunt and expecting a confirmation entry, this is very wrong.
3) Stop hunt comes before the break of structure, never pick a stop hunt and break of structure after a break of structure then a stophunt. In such cases wait for more confirmation.
4) Do not trade just a stophunt and BOS. Smart money concepts are more in-depth than picking a stop hunt and a break of structure. this pattern was created for entries from POI gotten from SMC not to trade only. Follow us for more Educative content on trading. @jayforexhouse
#forex #bitcoin #forextrader #trading #forextrading #money #forexsignals #education #cryptocurrency #trader #investment #crypto #forexlifestyle #investing #business
Add
