Use many correct smart concepts SMC in Forex
I’ve built this Dojo out of all the resources that a trader needs to be successful, so you know a big part of achieving success is if you reverse engineer some of the biggest steps you need to take is number one building your core concepts, what are the systems, what are the strategies, what are Concepts You’ll Use to Try to Read and Predict Price Action For me, I use many of the right smart concepts.SMC
Use many correct smart concepts SMC in Forex
All of SMC is just understanding first principles, understanding the causality of price, I mean thinking about what moves the market, the market only moves based on two things supply and demand and liquidity, that’s it, that’s it, those are the only two things, the only two reasons that our market Moving in fact, you could say that for years the reality is that only supply and demand is economically correct.
And then they take a random path to get there, they’re just trying to do random things and hope that they get to the destination of success, and the truth is that the chances of you accidentally stumbling into success are very low in the likelihood that it’s possible of course but even though it’s possible if it ever happens is highly unlikely, as it will take much longer than if you had just followed a road map, and if you had found a good mentor.
Take the time to ensure that you are a disciplined and committed trader
He should actually give you a roadmap of what you need to do and the steps you need to do to do it and then all you have to do is follow the plan, do the work, put in the time to make sure you’re disciplined and stick to it, and then eventually you’ll get there, so one of these The ideas inside our software are that Trader Dojo idea is true.
Where the price value of something is determined based on the supply and demand period which is literally, and then I add liquidity in there because in real life liquidity is a concept through which you can understand where there is supply and where there is demand very similar to supply and demand zones and demand blocks and in that sense, it’s just Understanding supply and demand and then I add the market structure there.
Because of the market structure, if you think about it right, we’re trading the concept of smart money concepts and what smart money concepts are in very simple terms which is identifying the footprint of the big players and trying to position yourself in line with where they’re going to take the price because they’ve already shown you where they want to take it. It has the price and so I use the market structure and my automated market structure rules just to indicate to me whether we are likely to trade higher or whether we are likely to trade lower.
Using Forex market structure to build a directional bias
Then I use supply, demand, and liquidity to help me identify the key areas and places I want to enter the market, that’s what I use but you can use anything it doesn’t mean you know the supply and demand liquidity mark structure SMC is the holy grail, I think it’s superior because it’s derivative From first principles, which is derived from causality, which is derived from why the market does what it does while you know your retail concepts.
Like let’s say trend lines or chart patterns like head and shoulders or double tops or you know those types of retail concepts if you like even though I understand they’re all retail traders, I just mean that’s the kind of name those concepts got In industry.
You can be profitable with these things, there’s no doubt about that because at the end of the day, it’s about do you have an edge, whether can it be replicated, do you have the data, do you have risk management, if it works, it works that simple, you’ve chosen this style of trading. Because in the end, it’s what’s best for me.
Read why the Forex price does what it does in the market
It works properly so if it’s broken don’t fix it I derive value and satisfaction from being able to read the price and read why the price does what it does and build a narrative behind why the price does what it does and not just recognize patterns because you know I have a fear Than let’s say for example I was going to CH I was trading something based on pattern recognition and identifying patterns that there is no real skill set is that the only real skill set comes in discipline and risk management.
I am concerned and afraid that at any given time the market could change which it does and could become obsolete but smart money trading concepts you know market structure supply and demand liquidity are the fundamental drivers.
The Forex price is already centralized and predictable
So even if the market changes, you will still be able to identify the footprint of the major players in the market by using those concepts because those are the concepts that move the market right by Not that I’m saying you know banks and things of that type are trading SMC, that’s just a gimmick But SMC as a concept enables you to identify big biases that can give you a bias about where the big money is because I think the market is centrally controlled and manipulated without question.
But the price is already centralized and predictable and can only be predicted because it is centralized and centralization is just a concept owned by a group or individual in my opinion, the market is predictable because at the end of the day, the amount of money it takes to move the market even if you know a few points is ridiculous, So I know that not only do you know me and you buy and sell with each other it’s the big players