What time frame is best for SMC trading strategy? (2024)

What time frame is best for SMC trading strategy?

The most suitable timeframe for SMC trading strategy might vary due to several factors, but the general opinion from several SMC traders is that “The SMC trading strategy works better when employing a longer time frame (4 hours) for technical analysis and a shorter time frame (15 minutes) to get your entry points, this ...

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(Mack Gray)
What is the best time frame for SMC strategy?

Use the SMC trading strategy with a 4-hour and 15-minute time frame, looking at autoflow to decide on long or short positions, marking out support and resistance levels using auto blocks.

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(Forex Academy | JeaFx)
How accurate is SMC trading strategy?

This is a very useful book for beginners as well as intermediate traders. Before reading this book, my (SMC)trading accuracy was 40%, but after reading this book (especially some points), accuracy reached 70% above Now I am fully confident that I am able to take trades in any market.

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What is the most profitable time frame for trading?

1-Minute Chart Time Frame

Because price bars occur frequently, 1-minute chart traders typically have the opportunity to take more trades per day than larger time frames. With a winning system, more trades means more profit and faster compounding of the account.

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(Smart Risk)
What is the best time frame for day trading analysis?

Day traders tend to take a short-term approach, with most choosing timeframes lasting from 15 minutes to four hours.

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(Faiz SMC)
What is the best indicator for SMC trading?

The fractal indicator is a must-use tool for SMC/ICT traders as it highlights valid highs and lows, making it easier to spot them. Fractal highs and lows indicate higher liquidity in trading, and using an indicator can help spot them quickly.

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What is the best SMC indicator?

Fibonacci Retracement - This indicator is used to identify support and resistance levels based on the Fibonacci sequence. 6. Stochastic Oscillator - This indicator measures the momentum of a stock by comparing the closing price to the price range over a period of time.

(Video) Choosing Time Frames | FOREX SMC
Does SMC really work?

SMC is not going to give you a special advantage over regular retail price action traders. But if the flaws we went over do not put you off, and you find SMC intuitive and appealing, there is no reason not to give it a try. Its proponents report that it brings them consistent results when they apply it properly.

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(Lewis Kelly)
Why SMC trading is not working?

Overtrading: Overtrading is a common mistake made by SMC traders, where they take on too many trades at once, resulting in overexposure to the market. This can lead to a lack of focus and higher transaction costs.

(Video) Easiest SMC Trading Strategy To Use in 2023! (Huge Profits)
(Faiz SMC)
Which trading strategy has highest probability of success?

One strategy that is quite popular among experienced options traders is known as the butterfly spread. This strategy allows a trader to enter into a trade with a high probability of profit, high-profit potential, and limited risk.

(Video) Full In Depth SMC Trading Strategy (Beginner to Advanced)
(Lewis Kelly)

What is the 15 minute rule in day trading?

A buy signal is given when price exceeds the high of the 15 minute range after an up gap. A sell signal is given when price moves below the low of the 15 minute range after a down gap. It's a simple technique that works like a charm in many cases.

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Which timeframe is best for scalping?

With scalping, it's generally expected you are trading from a small time frame, probably 5-minutes or less. The idea is to open a position and capture only a few pips of profit.

What time frame is best for SMC trading strategy? (2024)
What is the 5 minute scalping strategy?

In the 5 minute scalping system or strategy, the gripping time is only five minutes. This procedure needs specific implementation and acrobatic trading. Focus for the money sets take place trading lower than the 20-phase EMA and MACD take place in defeatist region. Proceed prolong higher than the 20-phase EMA.

What is the 11am rule in trading?

It is not a hard and fast rule, but rather a guideline that has been observed by many traders over the years. The logic behind this rule is that if the market has not reversed by 11 am EST, it is less likely to experience a significant trend reversal during the remainder of the trading day.

What is the most accurate day trading strategy?

Trend trading strategy. This strategy describes when a trader uses technical analysis to define a trend, and only enters trades in the direction of the pre-determined trend. The above is a famous trading motto and one of the most accurate in the markets.

What time frame do professional day traders use?

Day traders use mainly middle time frames, the most optimal of which is 1 hour. Day traders take less risk than scalpers, and they never roll overnight.

What is the most powerful indicator in trading?

Best trading indicators
  • Stochastic oscillator.
  • Moving average convergence divergence (MACD)
  • Bollinger bands.
  • Relative strength index (RSI)
  • Fibonacci retracement.
  • Ichimoku cloud.
  • Standard deviation.
  • Average directional index.

What is the best time frame to trade stochastic oscillator?

The stochastic oscillator is included in most charting tools and can be easily employed in practice. The standard time period used is 14 days, though this can be adjusted to meet specific analytical needs.

Is SMC the best forex strategy?

Smart Money Concept Trading Strategy principles can be effectively applied to identify key support and resistance levels within the forex market. By utilizing SMC techniques, traders can enhance their ability to anticipate price movements and make strategic trading decisions based on these critical levels.

What is the best setting for the stochastic indicator?

Common settings for trading stochastics on the 1-minute chart are 5,3,3. Remember, the lower the time frame the less precise the signals are going to be. Always be cautious when trading on low time frames. And always be sure to back test those setting before trading on live accounts!

How do you trade SMC strategy?

According to SMC, as a retail trader, you should base your strategy on what is happening with the "smart money" (i.e., the money belonging to market makers). Indeed, you should try and pattern your trading off of how these market makers are trading. They are concerned with supply, demand, and market structure.

How does SMC strategy work?

SMC involves using classic Forex concepts like supply and demand, price patterns, and support and resistance to trade, but the concepts have been renamed and described in a different way. SMC is not just a Forex trading strategy, but an entire philosophy about how the markets work.

Is Smart money strategy profitable?

Yes, implementing a simple, rule-based trading strategy based on smart money concepts can lead to significant profits in the market. How can order blocks be used in trading? — Order blocks can be used to identify areas of strong buying or selling activity, which can help traders make profitable trading decisions.

Does Smart Money concept work?

Smart money is cash invested or wagered by those considered experienced, well informed, “in the know,” or all three. There is little empirical evidence to support the notion that smart-money investments perform better than non-smart-money investments; however, such influxes of cash influence many speculation methods.

What is the success rate of smart money concept?

What is the win rate of the smart money concept trading strategy? — The smart money concept trading strategy has a 73% win rate, making it a potentially successful approach for scalping.

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