A day trading technique that made over $18k is explained by Little Panda Forex using smart money concepts, market structure, and liquidity. He shares a trade and a trade missed.
How I Use Smart Money Concepts to Make Profitable Day Trades
Little Panda Forex Shares His Strategies
Introduction: Welcome to Little Panda Frogs
Little Panda Forex shares his experiences of how he uses smart money concepts to make profitable day trades. In this article, we’ll discuss how he lost $2,000 but then gained $18,000 by utilizing clean order blocks and liquidity.
The First Trade
The first trade was a loss of $2,000. Little Panda was trading on a $200,000 funded account. He saw an order block break and thought this would be a profitable entry point. However, the trade ended up as a loss.
The Analysis
After the loss, Little Panda went back to the charts to see what went wrong. He realized that this was essentially another form of liquidity that was building up so he became the liquidity. He marked the four-hour order block on his chart and realized that price broke above structure again.
The Trade Missed
Little Panda saw another opportunity to trade setup in the same area. However, he missed it as he had to collect his sister. He missed the trade, which would have been a 10x return on his $2,000 risk.
The Second Trade
The second trade was a successful one. Little Panda saw price form more liquidity and the order block was not mitigated. He entered a buy limit trade and made a 10x return on his $2,000 risk.
The Importance of Respect Your Trading Plan
Little Panda emphasized the importance of respecting your trading plan. He showed what could have happened if he had been greedy and held on to the trade longer.
Conclusion
Little Panda Forex shared his experiences of how he implements smart money concepts to make profitable day trades. He lost $2,000 but then gained $18,000. He emphasized the importance of clean order blocks and liquidity in his trades. He also reminded traders to respect their trading plans to avoid losses.