Smart Money Concepts Futures Strategy

Indicators Used

Smart Money Concepts – Marks key resistance and support zones.

Stochastic RSI – Detects overbought and oversold levels.

Entry Conditions

Short Trades

We expect the price to bounce off the resistance marked by Smart Money Concepts.

The Stochastic RSI must be overbought (>80).

At that point, we open a short position.

Stop Loss: We place the SL above the resistance.

Take Profit: We place it near the support with a risk/reward ratio of 1:3.

Long Trades

We expect the price to bounce off the support marked by Smart Money Concepts.

The Stochastic RSI must be oversold (<20).

At that point, we open a long position.

Stop Loss: We place the SL below the support.

Take Profit: We place it near the resistance with a risk/reward ratio of 1:3.

Considerations

Always trade with the trend. Currently, if the market is bearish, we will only enter shorts.

Test first on a demo account before trading with real money.

Use small amounts when starting to minimize risks.