Welcome to my forex channel! Where I cover forex smart money concepts and my order block trading/scalping strategy!
In this video, I go over my full, top-down analysis, from the daily to the 1 minute chart, for a trade I took on the forex pair GBP/USD in March 2021. I explain all the confluences I used to take this trade, including how I found my entry, and placed my stop loss and take profit levels.
For this trade, I used smart money and institutional forex trading concepts, such as areas of imbalance and institutional order blocks.
This trade had a 1:9.3 risk to reward ratio. According to my risk management plan for my forex trading account, I risk 1% of my account on each trade, therefore this trade gave me a 9.3% gain!
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I am a beginner forex trader, if you would like to learn more about the concepts I discussed in this video, I would recommend watching the channels: mentfx, MoreHarrisonUwah, and Pips of Persia. They all have amazing content that covers institutional order flow, Wyckoff and imbalance.
Understanding smart money concepts in forex will help you breakthrough from trading like a retail trader, and become part of the 5% who are profitable trading forex! Concepts like these are also great for taking the FTMO funding challenge!
If you would like to see more Forex content from me, please drop a like and subscribe to my channel, and leave any suggestions in the comments below!
Please note: the content of this video is intended as entertainment and should not be taken as financial advice. Trading forex and other financial securities such as Gold (XAUUSD) is extremely risky and you should do your own due dilligence.
