Does it mean trading by intuition? Like you gut feel something about price direction and bet on this feeling? Or is there some theory behind it?
no. A naked trader doesnt use indicators. I use Price action (TA), FA and statistics to calculate my moves. It would be best if you never made a ‘bet’ on your feelings, that is usually considered gambling if no Analysis is made
Hi @tomo22, yes, it was the answer of your question. 
If trend is strong, just trade the correction / pullback. For example XAU is ATH, you can predict the level actually, but for beginner, stick to correction or pullback is better.
As price action trader, we don’t use fibonacci retracement. Some instruments show respect to fibonacci, some don’t. So you have to back test to find out which one does and doesn’t. For example XAU is fibonacci friendly, but GBPUSD hates fibonacci. EURUSD when it’s being romantic, he holds fibonacci very tight as gentlement. But when EURUSD is getting emotional, he kicks fibonacci away 
If you don’t know this behaviour, you will be a victim in between them 
The best way to find a good position is looking at range shifting. You can’t miss by observing how the range is started to reverse. When it reverse inline with global trend, that will be a nice opportunity, in particular, when it happens in proper zone, long / short zone as i mentioned before.
hi @TYGMedia. When you say trade the correction/pullback i assume you mean wait for the pull back and trade with the trend meaning if price were to cut down from hypothetically 70-60 you would long since you would want to follow trend.
I think I would need a lot of practice for range shifting as I’m still understanding SnR but thank you!
i have some questions. Over these past days I’ve been following your advice and tracking my WW how that alters when I change my RR. Ive noticed that ignoring intutiation/feeling and more focused on statistics and logic has improved my WW regardless of a RR.
Over these past days, I’ve built some questions and that is when trading SNR is there only a certain amount of touches you should trade? what I mean is does SnR become weak as more touches occur? I guess you could say it doesn’t because it becomes more respected. However, I’ve noticed after 3-4 touches market breaches that SnR and goes beyond it.
How can you tell when it may be breached? is it when there may be a stronger sentiment such as when buys are hovering near the resistance level?
Thanks so much for the help I appreciate it.
My WW is doing pretty well above 50% I’ve noticed that as I increased my SL from 20-30 I’ve became more successful is this okay or is my SL too high?
Also last question. What happens when your external SnR is breached?
back to the SnR touches this may be an example
strong sentiment of buys however cannot breach resistance right now I believe that taking a trade here may be risky because buyers are strong and are growing as more resistance touches become more frequent
that is after a few hours
@TYGMedia also another big question when do you think I should actually start real trading? i don’t want to rush into it and want to be patience.
Hi @tomo22, you can start to jump into live trading after you can confirm your trading stability for at least 6 months. But, better to find broker who offer micro or cent account.
Don’t use standard account!!!
Many others got addicted by profit, and when market turned against, they blown their accounts out.
Hi @tomo22, I’m glad you are getting better now Bellow are the answers:
Correction means you have to wait the big trend to pass. When the trend is losing its strength, temporarily, we will have correction.
Pullback is a moment when breakout is happening. When the price is suddenly try to return to previous SnR, it’s a pullback. Pullback happens in a very short time.
Base on definition above, for example, when I saw strong up trend, my mind is long. When there is correction (first wave), I will look for reversal ang go long.
This one really tricky question. You need to find out the stats. For example, how many time you hit SL during 1 wave up to 6 waves. Specifically for only EURUSD, the 3rd wave still can be considered only when H4/D1 has range to go. For example, you see, the price had touched 1.114xx twice. When you go to H4/D1, you see the support is still far bellow from current market structure, you still can do short. But when the support is close, that make the range is narrowing, wait until breakout.
Usually after few failing attempts, EURUSD will dormant for awhile.
The SnR is broken when the price close above the SnR, and we can see next SnR. But if the price is a new ATH or ATL, be careful, you need different approach to plot a position. I’m not advice you to targeting invisible SnR. It will ruin your discipline. It’s also high risk trade.
It’s normal for currency pair to have range between 20-30. So you have finally found the first clue … That’s correct, except for GBP, most major pair will have range around 20-30 on M5-H1. So when market break 20-30 pips … it usually will shift again.
Be careful during high impact news, the range will be widened.
When external SnR has been breached, then it’s either trend continuation or trend reversal. So you have to wait next SnR … If it breaks support, previous high will be the news resistance, we wait for a new support. A new support can be predicted by looking at past movements. If it has sufficient range, you can take breakout position (high risk trade). Remember this is not advisable for beginner, different risk management.
You are correct, that’s a proper SL. We never know fore sure what will be happened next. When you face this situation, you can only wait a rejection / shifting on lower TF, plotting higher RR. And you can do this only for EURUSD.
GBPJPY has different behavior. You need to consider H4. GBPJPY market external structure on 180.20 - 200.00. Look for range shifting … before you do short. No shifting no trading yet.
hi @TYGMedia why wouldnt you just trade with the trend then also wait for correction and trade that aswell? i will collect statistics on that too thank you. Thank you so much for the help and insight I appreciate it
Hi @tomo22, that will be our option. We choose our trading style that we comfortable with. Some like to trade reversal, some just want to follow the trend.
It doesn’t matter what we do, as long as we understand the market. This is what differentiate one trader from another.
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Hi @tomo22; I consider SMC, ICT and Price Action are Trading Philosophy.
Philosophy means it’s not something absolute, can’t fit everyone. But some people will have a benefit from it by adapting themselves accordingly.
SMC tells us about how to analyze market base on its rules. ICT emphasis more on timezone. Price Action almost similar to SMC. Some principle of SMC similar to Price Action.
FVG is Fair Value Gap, popularize by SMC as it’s one of the key analysis elements. You need to learn SMC to understand it more.
I don’t want to discuss SMC, ICT too deep. They have too many interpretations that will invite unnecessary arguments. Just learn everything, be open minded. If you can implement the principle in live trading, then it’s worthy to learn. 
If you observer my trades, most of them similar to SMC/ICT, but I’m a price action trader. 
hmm interesting.
I think my next move is too learn about range shifting. Its a bit complex to me. I don’t understand when to use it and how?
whats your trading strategy. I feel like I rely too heavily on SnR can you recommend me some other factors I can use to trade with?
Can you also recommend me any videos to watch on range shifting
Hi @tomo22, range shifting is something like pendulum movement. All instruments have it. We just need to find out its characters. I’m afraid it’s not popular, you can look for CRT as reference. It’s different but the concept is similar.
My trading is what I had told you. Need to find SnR, get structure. Look for external, trade for internal. Range shifting is the confirmation, safety of trade depends on market range. This is the pinciple. You can find the detail in TYG Trading Story.
hi @TYGMedia its interesting i looked at your setup i can see that you use a combination of SMC with FVG’s and all that.
Why do SMC students and Price action students fight over which concept is better?
also why do SMC students hate on SnR when its literally the same as supply and demand.
Demand = support
resistance = supply.
in terms of CRT ill take a look at it. I wanna try SMC and I wanna try incorporate some of its tools to see how it works
Heres my attempt at SMC. Only issue I had was finding global demand. Its a new market structure as CHOC occurs as breaches through the lower low so I’m not sure where to put the new demand. I don’t think I can put it at the first or second BOS since that was old market structure.
is this correct FVG between these 2 candelsticks
I’ve noticed that you can find a lot of FVG with engulfing candle sticks. When is the correct time to use fvg and when shouldn’t you use one? perhaps wait for BOS? or CHOC
Hi @tomo22, the truth is, I don’t use SMC. I have been trading this way since 2010. I believe it had not been invented. I focus on range shifting which is very similar with FVG.
If you understand price action a lot, you will realize market dynamic. This is the core of technical analysis. Since most people only care about profit, they ignore about this thing. If you understand the science behind price movement, you will understand many things.
This is the reason I don’t want to talk about trading concept. We, as trader, have to be open minded. If we are using ego and fanaticism, the war of trading concept will never be ended. We will create many terminologies to make distinction, to be looked smart. Example: CHOC is the same as trend reversal as in PA. BOS is simple a breakout in PA. FVG is simply a range shifting in PA. Liquidity is simple an alternate ego from SnR. Then, what do we need to fight for?
We are breathing Air. No we are breathing oxygen. No we are breathing O2. What are the point ? They are about the same. Debating something will certainly creating sales opportunity, that’s the real point I agree if this is the purpose, we need to differentiate something to make it valuable, then we can sell it. We are all human, we need to make money, it’s not wrong to convince others then make sales, isn’t it ? 
In SMC, they are saying liquidity. Like what I said, SnR is area. SMC indicates Order Block (OB). from OB we get FVG. OB is range in PA. It’s only terminology and the rule on how to apply them.
Before FVG, you need to understand about Order Block (OB). Find how to find it first.
Note: Please, I hope no one will fight about what is ICT or SMC. I’m just a practical trader, enjoying sharing knowledge.
Hi, @TYGMedia thank you for getting back to me. What is market dynamic and how can I learn more about this part
“If you understand price action a lot, you will realize market dynamic. This is the core of technical analysis. Since most people only care about profit, they ignore about this thing. If you understand the science behind price movement, you will understand many things.” I think this is very valuable and I want to learn more.
also I should watch that video that you linked me that teaches a similar function to range shifting. I really wanna learn this. Like you are I’m open minded to all perspectives and want to take in any learning I can and effectively use all.
thank you
Hi @tomo22, Market Dynamic is science about trading. By knowing the science, you can design many thing in trading. It’s simply because you know the essence. Analogy, when you know about chemical reaction, you know the formula, you can make use it in your favor.
Market dynamic give explanation about every market movements. For example you see head and shoulder. You wont just simply explain a possibility price to reverse. You will understand the expectation in the market. You know when big institutions start to move, when there is zone for private company to speculate and when big retail trader will be the initiator. We are common retail trader is the lowest level in market hierarchy.
By understanding market dynamic, we can fit ourselves, mimicking the trade of institution, private company and big retail trader. You understand how financial industry work, how macro economy participate in money flow then create movement in market and finally the movement of particular instrument of our trading portfolio.
You need time to understand every piece of the economic puzzle. Look at all legendary trader, they are know very well market dynamic, example: George Soros, Warret Buffet, Jim Simmons, John Bollinger.
I don’t say I am as good as them. I’m still far behind them
You need to understand in detail about how economic works. It’s not just know it but can see through it and impact to current and future. For example current fed cut rate, what is the direct impact? It’s US banking system, specifically in business loan. What is the second implication, it’s international investment, money will start to flow from US. It will increase US dollar supply. How can we proof it? Look at DXY. Which country will have the impact, look at the exchange rate. Will the impact has good or bad effect? We look at the stock market. And more … more …
We can also observe how financial market fear about the current situation. Look at the XAU and Crypto. When confident is on stake, XAU will move up. We can correlate each instrument to describe situation on the market. All of these, for us as a trader, give us an insight of market.
Probably you can first learn Macro Economic then try to observe every fundamental with price action. For example you are monitoring news from EUR and USD, compare how price action in EURUSD. When you touch USD, you have to monitor XAU, USOIL and US30. There are something hidden and interesting during critical moment. An instrument can lie, but when we monitor them all, you know what will going on next.
I would also advise opening a demo account for the same amount of funds that you plan to invest in the account. So that you learn to trade with real invested funds, and not with a million.
@TYGMedia wow this is amazing thank you
how does CRT differ from range shifting.
Are able to explain to me what AMD is from CRT please. Ive watched a more simplified video but I understand it too clearly and probably would want to understand AMD (accumulation, manipulation and distribution) thank you