Altcoins Talks - Cryptocurrency Forum
Further Discussions => Trading (Not crypto) => Topic started by: FavourEhis on October 23, 2024, 06:02:01 AM
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There has been an unending argument about which is better between SMC and.price action.
I do feel that you can be very profitable with either if them as they bitha have successful traders that uses them. How ever I have come to understand that SMC has a lot more positive review among new traders while retro traders do prefer Price action.
I really love the SMC approach to trading as it makes a lot of sense to me and also profitable. It may not be the same for you but as long as you are a consistently profitable trader, that Is what matters. You can use any strategy of your choice..
What type of trader are you? SMC or Price action.
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Yea, smc is kind of an advanced method of trading. It simplifies the market structure to the extent that even a newbie with lot of practice can decide to trade on his own. It very simple all you just need to understand is the market structure and dynamics. To me, advanced traders combines the price action as an extra confirmation for their trades using smc. I also do same and it works for me. You just have to know that nothing will work 100% in the market as the market is ment to manipulate traders. So even if you have been able to master the smc concept, you still have to look for high probability trades.
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Personally, I do not recommend SMC, and I don’t use price action or SMC. I rely solely on liquidity cycles to make my decisions. I have gone through many trading courses, and I can assure you that there is nothing better than understanding liquidity
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There has been an unending argument about which is better between SMC and.price action.
All strategies are effective, so long as you are able to understand them. I know traders online who have been both successful through the strategy of SMC and price action. The secret to becoming successful with any strategy is to know if it's something that you can understand, that appeals to you and then strive to develop the knowledge you have on it. Not all strategies will come easily to you for you to understand some will be more difficult than the others, and you do not need to stress yourself about the strategies that are more difficult for you to understand. Focus on those that you can understand easily.
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There has been an unending argument about which is better between SMC and.price action.
I do feel that you can be very profitable with either if them as they bitha have successful traders that uses them. How ever I have come to understand that SMC has a lot more positive review among new traders while retro traders do prefer Price action.
I really love the SMC approach to trading as it makes a lot of sense to me and also profitable. It may not be the same for you but as long as you are a consistently profitable trader, that Is what matters. You can use any strategy of your choice..
What type of trader are you? SMC or Price action.
I will say from my experience that all strategies works, whatever name you want to give they are all kind of related in one way or the other, some are just branded. I just think the best thing to do is to pick the one you feel comfortable with and your life will never remain the same
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Personally, I do not recommend SMC, and I don’t use price action or SMC. I rely solely on liquidity cycles to make my decisions. I have gone through many trading courses, and I can assure you that there is nothing better than understanding liquidity
You may be used to liquidity trading from the start when you learnt about trading and that does not mean that the method every other person uses cannot be profitable for them especially if you haven’t tasted it yet. SMC or Price Action are all good options while wanting to trade and you can use anyone that fits your niche and understand better. No need of any argument to chose amongst the two method of trading that which is more profitable, they’re all profitable once you master it and practice it everyday. You can also come up with your own strategy that you feel will work for you best and that will be the method for you that everybody will know you with and can give it a name.
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I will say from my experience that all strategies works, whatever name you want to give they are all kind of related in one way or the other, some are just branded. I just think the best thing to do is to pick the one you feel comfortable with and your life will never remain the same
When it comes to developing a strategy, you have the freedom to create and tailor one that suits your needs. However, it is essential to think carefully and thoroughly about your approach. Take the time to formulate a well-planned strategy that will benefit you and help you achieve your goals.
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There has been an unending argument about which is better between SMC and.price action.
I do feel that you can be very profitable with either if them as they bitha have successful traders that uses them. How ever I have come to understand that SMC has a lot more positive review among new traders while retro traders do prefer Price action.
I really love the SMC approach to trading as it makes a lot of sense to me and also profitable. It may not be the same for you but as long as you are a consistently profitable trader, that Is what matters. You can use any strategy of your choice..
What type of trader are you? SMC or Price action.
SMC, BOTH ARE GOOD IT IS JUST MINDSET THOUGH
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~snip
Both strategies are very great. SMC works as much as trendlines and price actions do but the difference is that SMC is more complex since it requires a higher level of experience than trend lines. Now don't get me wrong, it's not as if trendlines are 100% easy to get to understand but the lines do create some sort of guide. Unlike trend lines for SMC you are basically making use of live market concepts.
For SMC there are usually a lot of invalidations that takes experience for you to be able to spot them out and sometimes they may actually seem valid though they are basically just fake outs.
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There has been an unending argument about which is better between SMC and.price action.
I do feel that you can be very profitable with either if them as they bitha have successful traders that uses them. How ever I have come to understand that SMC has a lot more positive review among new traders while retro traders do prefer Price action.
I really love the SMC approach to trading as it makes a lot of sense to me and also profitable. It may not be the same for you but as long as you are a consistently profitable trader, that Is what matters. You can use any strategy of your choice..
What type of trader are you? SMC or Price action.
Me personally my strategy is approach action..
its not actually a strategy tough, but basically no matter the strategy I just feel that using a particular strategy is like subjecting the market to act the same way every single time to fit into your strategy, but I believe that if you keep the market flexible and pick different tips from different strategies it's going to make the market much less complicated and understanding.
The most important thing is the way you approach the market understand the movement and your goog to go.