vzulaks wrote: Fri Dec 06, 2024 1:34 am
I hope users of my system provide feedback and share ideas to improve the trading method for everyone. In fact, I built this system based on a few concepts from SMC (Smart Money Concepts) and ICT (Inner Circle Trader). By combining them, we can simplify entry points, making decisions easier without spreading our focus too thin.
Price action is the real king! Indicators alone aren't enough, but if used without price action knowledge, trades should follow the higher timeframe indicator trend for better success. With price action methods, this system has been around 80% successful for me so far. This week on 1-min gold, I’ve taken 85 trades at 1:1.5 RR, hitting 89%.
The FVG (Fair Value Gap) or order block/supply/demand below the 79 Fibo level are high-probability setups. To mark the Fibo, it's simple: after a strong momentum move with big candles to the upside, the low is the last swing low before the move, and the high is confirmed when the low of the last bullish candle is broken by a bearish candle. So, we draw the Fibo from low to high, identify the FVG or order block below the 79 Fibo level, let the price touch it, and then wait for the indicators to align for a bullish entry.
For bearish signals, after a strong downward momentum with big candles, the high is the last swing high before the move, and the low is confirmed when the high of the last bearish candle is broken by a bullish candle. Draw the Fibo from high to low, identify the FVG or order block above the 79 Fibo level, let the price touch it, and then wait for the indicators to align for a bearish entry. This is the entry module I’ve been using with the system for both Beatle and VZU.
Patience is key! Good luck all