SMART MONEY CONCEPT
SIMPLIFIED
By:Goitse-Modimo Odirile Mathibe
Chapter: ENTRIY POINTS
On This Chapter We Are Mainly Focusing On Types Of Entry Points,
That You As Traders Are Look Forward To Taking Them
Within The Markets. We Also Have A
Chapter That Has Confirmation Entry Points And This
Chapter It’s About What We Call Types Of Entry Points So
Do Not Confuse The Two.
You Must Understand That Before You Have A Confirmation
You Need To Know The Type Of Entry Point
You Need To Take.
ENTRY POINTS.
-We Only Have Three Types Of Entry Points , We Have What We Call
Fibonacci 50% Entry , The Wick Entry Point, And We Also Have The
Body Entry Point.
Wi
WICK ENTRY POINT.
EXAMPLE OF A WICK ENTRY ON A BEARISH TREND.
- What’s Happening Here Is That We Are Currently On A Bearish
Trend , As We Can See That Market Created An Impulse To The
Downside And Creates A Correction Leaving A Lower Low Then
Price Breaks Our LL , Creating A Break Of Structure Then Market
Grabs Its Liquidity. Which Means From There Price Needs To Go To
Our POI (Point Of Interest) In This Scenario Our POI It’s A Supply.
-So What Happens Is That Market Will Not Go Inside Our
Orderblock, Price Will Just Tap Into Our Wick Of The Orderblock
And Pushes To The Downside Afterwards .
-This One We Call It A Wick Entry Point Because Market Taps Into Our
Wick Of An Orderblock And Pushes Down Impulsively.
EXAMPLE OF A WICK ENTRY ON A BULLISH TREND.
ADVANTAGES AND DISADVANTAGES OF A WICK ENTRY.
•Most Of The Time ,Market Goes For The Wick No Matter What, But
Then Sometimes Market Will Go Inside Your Orderblock.
•Wick Entry Point It Is Good Because Your Trade Will Always Be
Activated.
•And The Bad Thing About It It’s The Risks, Because Since Well You
Take An Entry From A Wick Which Means There Are A Lot Of Pips
That You Gonna Risk From The Low Of That Wick To The High Of That
Wick Depending On That Particular Candlestick.
BODY ENTRY POINT.
EXAMPLE OF BODY ENTRY ON A BEARISH TREND.
EXAMPLE OF A BODY ENTRY ON A BULLISH TREND.
•In This Case Instead Of Taking And Entry On A Wick , You Going To
Take Your Entry From The Beginning Of The Body Of The Candlestick
Which Is Your Orderblock.
•It Has Less Risks Than The Wick Entry Point Because It’s Going To Be
Some Few Pips That You’ll Be Risking.
FIBONACCI 50% ENTRY POINT.
EXAMPLE OF A FIBONACCI 50% ENTRY ON A BULLISH TREND.
•Here We Are On A Bullish Trend ,Market Breaks A HH (Higher High)
…Creating A BOS (Break Of Structure) And Grabs Its Liquidity.
•After Market Grabs Its Liquidity Price Then Pushes To The Downside
Afterwards, So Once Price Taps Into Your Entry Point You Going To
Have Your Orderblock Which Is The Last Selling Candlestick The
Market Left Before It Went Up As Shown Above.
•…You Going To Take Your Trade Or Entry In The Following Manner.
•What You Need To Do Is That You Need To Have Your 50%
Fibonacci (I’ve Illustrated How To Setup A 50% Fibonacci On A
Chapter Of IMBALANCE ).
•So With That Fibonacci You Going To Measure The Whole
Candlestick As Shown On The Top Left Of The Structure Above.
•So Fibonacci 50% Entry It Has Less Risk Because You Enter At The
Middle Of The Candlestick, And On That Half Of That Candlestick
You’ll Find Yourself Risking About 5 Or 6 /10 Pips. (but not too many
pips)
EXAMPLE OF FIBONACCI 50% ENTRY ON A BEARISH TREND.
[These Are The Three Entry Points That You Need To Know , Because
Nobody Knows Which Entry Point Market Needs To Respect Most Of
The Time Neither I Do.]
Written By Founder Of Lamron Projects:
GOITSE-MODIMO ODIRILE MATHIBE
Signature:
