Full Smart Money Trading Plan - Step by Step

Here is the link.

In this video, we will explain how to apply Smart Money Concepts step by step on the chart to make a well-informed general analysis. Then, we will walk you through our trading setup, providing specific entry and exit points. Lastly, we will present the backtesting results, offering objective evidence of how the strategy has performed in the past. Let's Get connected: https://linktr.ee/smart_risk If learning advanced trading concepts, Strategies, entry reasons, and how to stay disciplined with a trading plan interests you, then subscribe to our channel and enjoy advanced trading content. Backtesting software we use: https://www.traderedge.app/?via=ash __________________________________________________ 00:00 - Introduction 01:04 - Trading Plan 10:53 - Recap 14:20 - Backtesting Results

Smart money trading plan

Market structure & Direction -> Optimal trading zones & order blocks -> Liquidity concepts -> Entry setups and managing trades

High time frame / Lower timeframe

4h-> 15 min

1h-> 5min

Step one:

Analyzing the market structure 

1. Uptrend 

Risk & money management:

• Risk 2-3% of capital per trade
• Make your trade break even by closing half of position at 1:2

Step 1: Analyze the market structure (Higher TF)

• Market direction
• Key levels

Step 2: Apply the key concepts of smart money

• Fair value gaps
• Liquidity areas
• Optimal trading opportunities

Step 3: Confirmation and entry (Lower TF)

• Change of character confirmation
• Use two entry setups
• Manage open trades

Work on example:

Determine choch - place a long order, go to lower time frame

Find order block - FVG

Another order block - Another trade opportunities

Adjust stop loss to secure loss - trade live is much more difficult - deal with emotions