If you don't understand how the green box work, you will fail woefully in understanding the dynamics of the red box, especially if you're a degen trader.
The Banks and Hedge Fund traders understand the importance of the green box and how it can influence the movement of the red box. They spend more time in reading the dynamics of the green box, and then use the red box for entries.
They literally treat the green box as their primary factor for taking trades because of their large funds and treat the red box as a secondary factor, but many retail traders despise the GREEN BOX and are more focus on the RED BOX and end up blowing and liquidating funded accounts.
One known Hedge Fund trader named Jimmy Cramer call retail traders who based their judgements on news and on few candles morons. He said this because they manipulate the market and liquidate retail traders out of the market.
This is one of the major reasons I advocate that people should learn the ICT/SMC trading strategy as a added bonus to their trading knowledge. I'm speaking specifically to crypto traders because we're the most careless traders and investors in the whole financial market industry.
It's in crypto, where I first saw that a person who claimed to be an OG or a community leader doesn't really know where to put stop loss in a trade. This is very pathetic! How can his followers ever make it in that scenario?
We have to change the scenario and promote knowledge in this industry, if we want to see more profitable traders and investors.
To be continued..... Follow me for more contents!
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