• 4 months ago
Transcript
00:00Okay, what do you call an intelligent, clever Malay boy?
00:11Smart.
00:13Okay, that being said, we will do smart money concept today, alright?
00:20So, before we begin, I will just do some infographics for you and you can take a look at it.
00:27From there, we can have a rough idea before we get on to the charts.
00:31These are all handwritten stuff, so take down your notes, get ready and let's go!
00:42Alright, over here, in SMC, smart money concept, the only thing that you have to remember is that it must be in trend.
00:51There are rules to it.
00:52Number one, you must observe a trend, find a trend, be it distribution or manipulation.
00:58Highest accuracy would be distribution.
01:01Now, let's see if there is a trend moving upwards like this.
01:08You can solidify and understand that yes, this is a moving up trend.
01:17So, what do we do? We wait.
01:19Because what we want is for us to wait for a pullback.
01:24And number two would be retracement.
01:27That is what we are looking for, a retracement or a pullback.
01:30So, how do we find that retracement? We use Fibonacci.
01:35Which time frame? 15 minutes.
01:38So, from there, we can have an estimated area on where we can place our enter zone.
01:46Now, we see a slight pullback and there is a break of structure from up there.
01:51Now, what do we do? We are going to do a Fibonacci retracement.
01:57Because why? We identify that the up trend has ended.
02:01So now, pull out your Fibo. Point A, all the way up to point B.
02:08And then, Fibo will give you a zone.
02:13Just over there, estimated.
02:15So, 1, 2, 3, 6, 1, 8, 7, 0, 6 and 7, 9.
02:21So, that would be your Fib Golden Zone.
02:23Also known as your Anchor Zone.
02:26So now, all we have to do now is to wait.
02:30Wait for the price to enter the Fib Zone.
02:33Once it enters the Fib Zone, that is where we have to wait for a reaction.
02:39It must be a reactive zone.
02:44If it's not reactive, then we cannot proceed with this setup.
02:48Price has to trigger and be reactive in that Fib Zone.
02:53So, the next step.
02:55Once we have identified that price has already entered the Fib Zone,
03:00we wait for a confirmation.
03:03It triggers the Fib Zone, it reacted on the Fib Zone,
03:08it exited the Fib Zone.
03:10So there, at that point, you know that you have a positive reactive Fib Zone.
03:18And that zone is also known as your Anchor Zone.
03:22You have already established an Anchor Zone.
03:23Because why?
03:25Fib Zone is done, it triggered and it's reactive.
03:28Number 2, it exited the Fib Zone.
03:31Now, the next step is to plot out your Fib Extension, your ABCs.
03:36So, where do you start your ABCs?
03:38The beginning of your Fib Zone.
03:40A, B, the end of the trend.
03:43C, the entry point before it reverses out from the Fib Zone.
03:48And everything has to be weak to weak to weak.
03:52And then, Extension will plot you 3 different zones.
03:57Which are your TP1, TP2 and possible TP3 and also a possible Reversal Zone.
04:05From there, you can just let it play out and then just enjoy the profits from there.
04:111 and 2, usually, most cases, it will hit.
04:143 will be a bonus.
04:15If it hits 3, then it will reverse.
04:17Sometimes, I can say 60-70% of the time, TP2 may take a reversal.
04:24If it hits TP3, 90% it will reverse up there.
04:28So, we will now get on to the charts.
04:33Alright, now, from here, we can see that price is consolidating.
04:39Now, we don't want that.
04:41We need to observe a trend.
04:43We need to have a trend.
04:45So, from here, we have to wait for a pullback.
04:50A trend to form and then a pullback.
04:53So, let's play.
04:56As you can see, right here, it is a consolidation period.
05:01We don't want that.
05:03What we want is a trend.
05:05So, we wait for the trend to form.
05:09Now, you can see that the trend is slowly forming.
05:17And, it has also break the structure of the consolidation period or accumulation period.
05:27So, this is also known as the BOS.
05:32I haven't taught you this yet.
05:33But, we will get there.
05:35It is called the break of structure.
05:37The moment price had break the structure of the accumulation period,
05:43meaning we are looking at a positive side that price may take its course into a trend.
05:50So, now, all you have to do is wait.
05:53We know that the trend is already set.
05:56Now, all we have to do, we wait.
05:59Wait for the trend to complete.
06:02It is a very risky area for you to enter here because while your mind is already set on an SMC setup.
06:10Now, a trend has been formed.
06:13We can already establish that.
06:15We can see that it has break multiple structures.
06:18So, now, we are expecting the price to make a pullback or a retracement.
06:25Now, we can see that it is making its way down.
06:30However, it must break a certain structure before it goes down.
06:35That would be the previous structure.
06:38So, if it breaks this line, meaning price is going downwards.
06:43It is going to break that structure.
06:46So, over here, we have already established that yes, price has broken that structure.
06:52Everything is observed in 15 minutes.
06:54So, once that is done, quickly plot your feed and then mark out the zone.
07:02That will be your anchor zone.
07:05So, all we have to do now is to wait for price to enter the anchor zone and make an exit.
07:12Ensure that it is a reactive one.
07:16So, now, we already know where or can estimate where the price might enter.
07:24Anchor zone is the most crucial part of SMCs.
07:27Now, not yet, a body must close inside the anchor zone like this one over here.
07:33So, now, a closure of a body inside the anchor zone.
07:37And now, we have to wait for price to exit the anchor zone and form a confirmation.
07:43So, now, what we have to do is wait.
07:47Again, we do not enter first because it may swing downwards.
07:52There is no confirmation yet. It is going to go upwards.
07:55So, we have to wait.
07:57So, now, we just let the price play out first.
08:03As you can see, once the price has made its exit point, that is the point where you enter your buy.
08:14Now, it has already exited. It has formed a confirmation candle.
08:19See that white candle over there, that bullish candle that has exited?
08:23That is your confirmation.
08:26That tells us that price is reacting and triggered in the anchor zone.
08:33So, this is a reactive setup.
08:36Meaning, your anchor zone is a positive and a reactive one.
08:40Now, next step, the last step.
08:42Plot your ABCs.
08:44From the bottom-most wick to the upper-most wick and to the lowest wick where it entered the zone.
08:52And then the algorithm will plot for you three different zones.
08:56Your TP1, your TP2 and your TP3.
09:02Now, where do you enter your buy?
09:05You will enter at the confirmation candle over there.
09:09And you can hit up all the way to TP2.
09:12To be safe, TP2.
09:14Now, your stock loss, it has to be the previous low from the anchor zone.
09:21Which is over here.
09:25That wick over there, that is the previous low from the anchor zone.
09:32So, it is a huge area considering the fact that you are going to reap a lot of profit.
09:40If you look at the buy setup over here, it is easily more than 1 is to 3 or 1 is to 4.
09:49So, now we just let it run.
09:52We just ensure that that would be your TP1.
09:55So, what I usually do once I have placed my buy, I will usually enter four positions.
10:05Four positions will be taken and I will let it run first.
10:10At TP1, I will take away two positions.
10:15At TP2, I will take away one.
10:17TP3, if it reaches, then I will close everything.
10:20Standard, I will enter four.
10:23What lot size? My favourite has always been the number seven.
10:26It will be either 0.77 or if there is a super confirmation, it will be 1.77.
10:33There we go. TP1 is done.
10:35Now, we have to wait for TP2.
10:39So, let us see where the price is heading towards to.
10:45At this period, you will start to FOMO already.
10:48Trust your setup.
10:51Hold on to that two positions.
10:54The price will get there.
10:57Most of the time, it will.
11:03Usually, it will take a pullback and retest your TP1 zone like this one
11:07before making its way up again.
11:10Now, there we go. Your TP2 is done.
11:14Almost there.
11:17That being said, we can confirm that this setup has a positive reactive anchor zone.
11:27When that is formed, you can easily plot your extensions.
11:33Once your extensions are plot, you can straight away place that buy.
11:38Now, where do you place your buy again?
11:41After the price exits your anchor zone, forming a confirmation candle.
11:48What are the characteristics of a confirmation candle?
11:51A 15-minute candle, stand alone, body and wig away from the anchor zone.
11:57That is where you place your buy.
12:00Then, your stop loss will be the previous low from the lowest point of your anchor zone.
12:07That trade, TP1, was 474 pips.
12:17You entered on 26 July and you closed your trade on 27 July at 0,230.
12:25It was a 474 pip win for you.
12:29Now, we see our TP2.
12:33TP2 would have been over there, right there.
12:38That would be on 31 July, so that is quite a wait.
12:4226 entry, 31 July at 0,215 is where you take your profit.
12:49Total number of pips? Let's find out.
12:55That would be an estimated of, wow, 971 pips, man.
13:01971 pips.
13:04So, two trades closed at TP1, two trades, one trade closed at TP2.
13:12So, I have one more trade running.
13:14Will I wait for TP3? I will see how the reaction is.
13:18The thing is, it must break the structure of TP2.
13:22Once it breaks that structure, that is where you apply Dow.
13:26It retests that zone again and then it goes up, then I will hold on to that last trade.
13:31So, as of now, your total pip win for this two, TP1 and TP2, is 1445 pips.
13:41If you were to enter on a lot 1.0, that would be a 14 grand win.
13:51If you have four positions, like me, it would have been 14 grand multiplied by four.
14:00And it would be a four, five days, a week's work.
14:05Very, very worth it.
14:07Okay, so now, let's see if it is able to hit TP3.
14:14That would be a possible reversal up there.
14:17The chances of it reversing is higher up there.
14:21TP2 also carries a plausible reversal area.
14:26For high risk, you would call for a sell.
14:30For low risk, you would call for a sell at TP3.
14:34Now, we observe the reaction.
14:37Now, I can see that the price is not going to go up there because it has exited the TP2 zone.
14:44Now, what do I do?
14:45I will close my last trade.
14:47I will not wait for TP3 anymore.
14:50So, as of now, zero.
14:52All trades are closed.
14:54It has also broken the structure of your TP2 zone.
14:59So, what do we do now?
15:01Can we enter for a sell?
15:03I would.
15:04This would indicate that this is a possible reversal.
15:11It exited the TP2 zone.
15:13It retested.
15:14Now, Dow Theory is in play.
15:16So, it re-entered.
15:18And then, once it has exited, then you can confirm a sell over there.
15:26So now, I'm placing another trade calling for a sell.
15:30Stop loss on my previous high.
15:33There we go.
15:35Price just brushed off TP1.
15:39Just like that.
15:41Now, why does this happen?
15:44Why it just brushed off and just broke through TP1?
15:47Just like that.
15:48It is because it has been liquidated on your previous setup.
15:53So, there's no weight to hold there.
15:55There's no point holding money there.
15:58Everyone has profited from that zone if you put it into that perspective.
16:03So, TP1 is done and that's good enough.
16:07That is on a reversal plan.
16:10So, let's see how many pips was that for a reversal.
16:14That is another 613 pips.
16:18Another 6 grand.
16:20Easy peasy.
16:22Really, really easy.
16:24Now, why is this done?
16:27It is recognized as a reversal because it did not break TP2 in an upward direction.
16:35It did not break the structure.
16:37But it went downwards.
16:39It retested and that's where you activate down steering.
16:43From there, you can safely enter your sell.
16:46And that would get you 613 pips.
16:52Overall, your total net profit from your previous two trades.
16:58First setup, your buys.
17:01Second setup, your sell.
17:03That would have been a 2058 pips.
17:09You entered on 26th of July.
17:13And then you exit everything.
17:16Your buys and your sells, 2nd of August.
17:21So, that is a week.
17:22A week worth of wait.
17:25And you get 2058 pips.
17:29If you just base everything on one entry, that would have been a 20 grand win for that week.
17:36But if you base on four entries, on both ways.
17:42Your buy, you have four entries.
17:43Your sell, you have four entries.
17:45That means you have a total of eight entries.
17:48That would have been a 160 grand win for that week alone.
17:53This is the reason why I want everyone to brush up and understand the concept of SMC.
18:02We will do this over and over and over again until everybody masters this skill.
18:07Because this will be your bread and butter for your trade.
18:11Your setup has to be an SMC.
18:14The rest, whatever happens in between that you want to enter while waiting for the week to be over.
18:19Please go ahead.
18:20Use your engulfing.
18:22Use your double top, bottom.
18:23Whatever that you want to use, go ahead.
18:25SMC has to be the backbone.
18:28At this point of your module, I would want or I would expect you to have.
18:33I wouldn't expect you to have.
18:35I want you to master SMC.
18:37That's one.
18:38And master a set of strategies.
18:40It can be anything.
18:41Focus on two sets of strategies.
18:44So why?
18:46If SMC tells you that it's going to go up and you would have applied SMC.
18:54You have already been profiting.
18:56Your profit is running already.
18:58So why the other second strategy?
19:01That second strategy would have supplement you along the way.
19:06I understand the word formal is very real when once you enter a real account.
19:11So if you have a supplementary strategy with in mind that the price is going to go up because of your SMC setup is a bullish setup.
19:22Apply one strategy that is bullish and repeat that until you hit TP2 or TP3 on your SMC.
19:32It can be a bullish engulfing.
19:34It can be a double bottom.
19:36It can be a bull flag.
19:38It can be an EMA, a BGR.
19:41It can be a stochastic 20th percentile.
19:45Apply that in between your one week's wait.
19:48And that is how we do it, children.
19:51So keep practicing.
19:53I wish you all the best.
19:54If there's anything that you need, the video is always here.
19:57You can always look it up for reference.
19:59Okay, peace.
20:01Nice and easy.
20:02Easy trades.
20:03Let's go.
20:04Nice and easy.
20:05Easy trades.
20:06Let's go.