Nowadays, market makers employ the "SMC trap" technique to catch SMC traders off guard by taking out liquidity at key levels. Here's a well-known SMC trader sharing his views regarding this. Do you share this person's point of view?
Let's have a discussion.
Based on this, what is your personal criteria to make sure that you don't fall into this trap?
kayroll12 wrote: Sat Aug 31, 2024 9:13 pm
Nowadays, market makers employ the "SMC trap" technique to catch SMC traders off guard by taking out liquidity at key levels. Here's a well-known SMC trader sharing his views regarding this. Do you share this person's point of view?
Let's have a discussion.
Based on this, what is your personal criteria to make sure that you don't fall into this trap?
Any constructive views are welcome
Thanks in advance.
Imagine a trader able to be succesful as every youtuber claims to be. Instead of making videos, they would be trading full time. They earn money from selling trainings, mentoring and from video views. ICT / SnD / SMC, sometimes this stuff works, sometimes it does not.
A simple MACD crossover on a pullback in a well determined trend works 99% of the times.
Reality is rooted in simplicity, everything is a derivative element of price. If you want an honest advice, curiosity is always good, learning everything is great, but we don't have infinite time to become profitable. Focus on things that you can replicate scientifically, do your backtests, always.
+C+
These users thanked the author Cagliostro for the post (total 2):