Just because price in a PREMIUM zone, it does not necessarily mean that you can sell it. You have to be clever, and check the above and below of your charts and see if there is anything that may pull the price beyond.
I was about to quit day trading, it all thanks to smart money concepts and price action trading, I could get back. This three-tap trading strategy is one of the little secrets of trading. If you have time, let’s learn it.
In order to day trading, you should learn supply and demand trading and master it. This supply and demand trading strategy is usable for cryptocurrencies, forex, commodities, and futures, even for stocks,, and penny stocks scalping and day trading. Innercircletrader uses similar strategies with price action and most of the smart money concepts are developed by ICT. I also advise you to watch ICT Mentorship Course and ICT Concepts.
ROTE is a very special strategy that is based on LIQ, PREMIUM, and DISCOUNT. Especially targeting the trapped traders. The downside is; it rarely happens.
Extreme interest areas are the best places to find less risky opportunities. The problem is many times never pullbacks to these areas. So, looking for alternative entries around EQ points is possible.
At the end of the day whole world builds on PREMIUM and DISCOUNT. Trading, Investing, Shopping, and everything else you can imagine. Whatever you purchase, you should aim for buying cheap and selling expensive.
Day trading and scalping are not easy at all. I always had a really hard time with it. Since I have discovered smart money concepts and risk management, I managed to improve my trading career. Especially trading ranges and deviation trading, I boosted my trading career.
These best supply and demand strategies are usable for forex, coins, cryptocurrencies, commodities, index futures, stocks, and penny stocks scalping and day trading. Even ICT uses similar methods with price action trading, as you know smart money concept is mostly developed by innercircletrader. I also recommended you watch ICT Mentorship Course and ICT Concepts.
Backtests show that somehow BREAKER BLOCKS work better with SHORT POSITIONS. As usual, none of the price action structures should be used alone, it should be always part of a LAYER SYSTEM.
Quasimodo (QML) happens a lot in the RANGES if you carefully observe the ranges! Great locations to look for entries with confirmation of other structures.
“Trading ranges is not an easy job, it can be really complicated for day trading and scalping. However, if we can learn it well and simplify the basics of range trading, your range trading skills can be improved drastically.
You can use this trading pattern for cryptocurrencies, forex, commodities, and futures, even for stocks, penny stocks, and penny stocks scalping and day trading. ICT is the main developer of these methods with price action trading, innercircletrader usually speaks of smart money concepts. It is also great to watch ICT Mentorship Course and ICT Concepts.
00:00 Intro 00:42 FREE TRADING COURSE 01:07 Disclaimer 01:20 Ranges in the Markets 03:27 Range & Deviation ANATOMY / STRUCTURE 05:22 Range Basics (When, What, Why, Stop Loss Pool Explosion) 07:58 How to DRAW and IDENTIFY RANGES Part 1 (Finding EQ Zone) 11:10 How to DRAW and IDENTIFY RANGES Part 2 (Finding RANGE HIGH and LOW Zones) 12:16 How to DRAW and IDENTIFY RANGES Part 3 (Confirming the RANGES) 14:30 How to DRAW and IDENTIFY RANGES Part 4 (Finding DEVIATIONS)