What is the best timeframe for SMC trading? (2024)

What is the best timeframe for SMC trading?

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 ...

What is the best time frame for SMC trading?

The choice of timeframe in SMC trading should align with the trader's goals and strategy. Short-term traders may prefer 1-hour or 4-hour charts for quicker insights, while long-term traders might opt for daily or weekly charts to capture broader market trends influenced by institutional movements.

What is the most profitable time frame for trading?

Long-Term Time Frames (Weekly and Monthly Charts)

These time frames allow for a comprehensive analysis of market trends and are suitable for long-term investors. While the trading frequency may be lower, the potential for significant profits is higher, as these time frames capture major market moves.

Is SMC trading strategy good?

Why SMC is important in Forex trading. Smart money trading uses some of the most effective and time-tested techniques to gain valuable insights. Retail traders have been using price action technical analysis for decades, and ultimately no matter the terminology SMC uses, it is essentially a one in the same.

What is the best time frame to place a trade?

As a general rule, traders use a ratio of 1:4 or 1:6 when performing multiple timeframe analysis, where a four- or six-hour chart is used as the longer timeframe, and a one-hour chart is used as the lower timeframe.

What is the best indicator for SMC trading?

What is the best SMC indicator?

What is the 15 minute rule in day trading?

Here is how. Let the index/stock trade for the first fifteen minutes and then use the high and low of this “fifteen minute range” as support and resistance levels. A buy signal is given when price exceeds the high of the 15 minute range after an up gap.

Is it possible to make $1000 a day trading?

While it's theoretically possible to earn $1,000 daily through day trading or stock market investments, it's important to note that such earnings are not guaranteed, and they come with significant risks. Day trading and stock market investments can be highly volatile, and there are no guarantees of profits.

Is it hard to make $100 a day trading?

You're really probably going to need closer to 4,000 or $5,000 in order to make that $100 a day consistently. And ultimately it's going to be a couple of trades a week where you total $500 a week, so it's going to take a little bit more work.

Is SMC trading profitable?

Smart money concepts trading does seem to work for some traders. If it works for you, there is no reason not to use it. Being able to consistently grasp what price is doing and profit from its behavior is more important than knowing why price is moving the way it is.

What is the SMC entry strategy?

What is the win rate of SMC?

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Is it better to trade on higher time frame?

Higher timeframes will allow you to eliminate “market noise” and catch the big and “tasty” price swings. At the same time, you will probably make more trades on lower timeframes. This can allow you getting money just by scale: the more trades you open, the more chances of good trades you will have.

Is it better to trade at night or day?

While markets tend to be more predictable during the day, it is definitely possible to be an effective trader at night. Be sure that you know which market, country, and exchange you are dealing with, and do your best to trade the assets of that associated country during their day time.

What are the hardest months to day trade?

NYSE Composite Seasonal Patterns

Seasonal charts courtesy of StockCharts.com. The above chart looks at 20 years of data. If we only look at the last 10 years (below), things change a little bit. Worst Months: January, February, March, August, and September are weaker periods.

Does SMC work in stock market?

SMC-based trading is an online trading platform that allows investors to trade various financial instruments, including stocks, futures, options, currencies, commodities and cryptocurrencies. You can use the SMC platform to place buy and sell orders, view real-time prices and access research and analysis tools.

Which is better SMC or ICT?

If learning one or the other is the question, if you want to learn in under 6 months go with SMC, if you have an extra 1 to 2 years to dedicate to the journey then go with ICT.

Which indicator is faster than MACD?

The Schaff Trend Cycle (STC) is a technical analysis indicator used in trading and investing to identify trends and generate trading signals. The STC indicator helps to identify trends in a smoother and more responsive manner compared to traditional MAs and even under certain parameters, the MACD.

What is the best stochastic oscillator strategy?

The most commonly used stochastic oscillator settings for general swing trading are 14, 3, 3. This means the %K line is set to 14 periods, and the %D line (the signal line) is a 3-period moving average of the %K line. Additionally, a 3-period smoothing is often applied to %K.

Which indicator is better MACD or stochastic?

Stochastic and MACD indicators are therefore good tools for technical analysis and interpreting price trends. Taken separately, the MACD seems superior to Stochastics, which gives false signals over short periods of time in an intraday strategy, where the MACD is much more accurate.

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 10am rule trading?

Some traders follow something called the "10 a.m. rule." The stock market opens for trading at 9:30 a.m., and the time between 9:30 a.m. and 10 a.m. often has significant trading volume. Traders that follow the 10 a.m. rule think a stock's price trajectory is relatively set for the day by the end of that half-hour.

Why do you need $25,000 to day trade?

Why Do I Have to Maintain Minimum Equity of $25,000? Day trading can be extremely risky—both for the day trader and for the brokerage firm that clears the day trader's transactions. Even if you end the day with no open positions, the trades you made while day trading most likely have not yet settled.

How much money do day traders with $10 0000 accounts make per day on average?

Profit Margins: Day traders' results largely depend on the amount of capital they can risk and their skill at managing that money. With a $10,000 account, a good day might bring in a five percent gain, which is $500. However, day traders also need to consider fixed costs such as commissions charged by brokers.