This Secret Trading Plan Will Skyrocket Your Profits! | The Best ICT & SMC trading strategy #SMC#ICT

Summary

This episode of 'Smart Risk' introduces the 'Whale Scoop' trading model, a strategy designed to enhance win rates by leveraging liquidity sweeps and stop hunts in key market areas. The video offers a step-by-step guide on identifying valid whale scoop patterns, executing trades with both aggressive and conservative entry models, and emphasizes the importance of backtesting for successful trading. Real trade examples illustrate the model's application, aiming to help traders become consistently profitable.

Takeaways

• 🚀 The 'whale scoop model' is an exclusive trading strategy that aims to revolutionize market approach and potentially increase win rates significantly.
• 🧠 The core mindset of the model involves recognizing liquidity sweeps and stop hunts in key static liquidity areas, such as major highs and lows, to capitalize on market sentiment shifts.
• 💡 The model is based on the idea that after a key static liquidity pool is cleared out, the price often moves towards the opposing side's liquidity, aligning with the market's overall direction.
• 📈 Traders should consider the whale scoop as a high probability setup, especially when liquidity below a recent low has been swept, triggering stop losses and increasing buying pressure.
• 🔍 Identifying valid whale scoop patterns on a price chart is crucial and involves looking for specific candlestick patterns that sweep out recent key areas and then immediately reverse direction.
• 🕰 The whale scoop often features a long wick, especially on higher time frames, and the subsequent candles should not exceed the initial candle's body or wick in determining pattern validity.
• 📉 Two main entry models are discussed: the aggressive entry model, which uses a single time frame for analysis and execution, and the conservative entry model, which uses two time frames for analysis and confirmation before execution.
• 📝 Backtesting is emphasized as a critical step in the trading journey, with the recommendation to test strategies at least 100 times before applying them to a real account.
• 📉 Real trade examples are provided to illustrate the application of the whale scoop model, demonstrating how to identify patterns and execute trades with both aggressive and conservative entry models.
• ⏳ The importance of timing is highlighted, noting that there are specific times on the chart when the whale scoop plan is more likely to be successful.
• 🔗 The video encourages viewers to subscribe, engage with the content, and provide feedback for future topics, emphasizing the value of community interaction in enhancing the trading experience.

Q & A

What is the main purpose of the 'whale scoop' trading model discussed in the video?

The 'whale scoop' trading model is designed to revolutionize the way traders approach the market, with the potential to significantly increase their win rates by identifying specific liquidity sweep patterns and capitalizing on market sentiment shifts.

What are the key liquidity areas that the whale scoop model focuses on?

The model focuses on key static liquidity areas such as major highs and lows, key supply and demand zones, and other external range liquidity areas in the market.

How does the whale scoop model take advantage of market behavior after a liquidity sweep?

The model exploits the market behavior where, after a liquidity sweep on one side (buy or sell), there is often an immediate reversal in the intended direction, causing a shift in market sentiment and attracting traders to the side where liquidity has yet to be cleared out.

What is considered a high probability setup in the whale scoop model?

A high probability setup in the whale scoop model occurs when liquidity below a recent low has been swept, triggering many stop losses, leading to a sharp increase in buying pressure and bullish momentum.

How does the whale scoop model identify valid patterns from a candlestick perspective?

The model identifies valid patterns by looking for a sequence of candles that sweep out a recent key area, followed by an immediate return to the key area's range and a rapid market shift. A critical rule is that none of the subsequent candles' bodies or wicks should exceed the initial candle that triggered the whale scoop.

What are the two main entry models for executing trades with the whale scoop trading strategy?

The two main entry models are the aggressive entry model, which uses a single time frame for analysis and trade execution, and the conservative entry model, which employs two different time frames for market analysis and entry confirmation.

How does the aggressive entry model work in the whale scoop model?

In the aggressive entry model, traders identify a valid whale scoop pattern and execute orders within the same time frame. They wait for an engulfing candle that engulfs the previous candles of the whale scoop and set their entry at the closure of this candle.

What is the conservative entry model in the whale scoop trading strategy?

The conservative entry model uses a higher time frame for market analysis and a lower time frame for entry confirmation and order execution. Traders switch to a lower time frame after detecting a valid whale scoop on the higher time frame and wait for a valid change of character pattern to confirm the market structure shift.

Why is backtesting important in trading, and what tool is mentioned in the video for this purpose?

Backtesting is crucial as it allows traders to evaluate the performance of a trading strategy before applying it to a real account. The video mentions the Trader Edge platform as a tool for backtesting exclusive trading strategies.

Can you provide an example of how the whale scoop model is applied in a real trade scenario?

In one of the examples provided, the price breaks below a structure with inefficiency, marking an unmitigated supply zone. After a brief pause, the price retraces upward, enters the supply zone, and triggers stop losses. The price then reverses direction, closing below the supply area with an engulfing candle, forming a valid whale scoop pattern. This scenario is an opportunity to execute a sell order using the aggressive entry model of the whale scoop model.

Outlines

00:00

🚀 Introduction to the Whale Scoop Trading Model

This paragraph introduces the 'Whale Scoop' trading model, emphasizing its potential to revolutionize market approach and significantly increase win rates. The speaker outlines the video's agenda, which includes a detailed explanation of the model, key concepts, candlestick patterns, entry models, time frames, and real chart examples. The importance of watching the entire video for a comprehensive understanding is stressed, and viewers are encouraged to support the channel.

05:02

🧠 The Whale Scoop Mindset and Strategy

The second paragraph delves into the mindset behind the Whale Scoop model, highlighting its reliance on liquidity sweeps and stop hunts in key static liquidity areas. The strategy involves buying or selling at these areas and targeting the opposite sides' external liquidity. The paragraph explains how the model capitalizes on market sentiment shifts post-liquidity sweep, aiming for high probability setups with good risk-reward ratios. It also discusses the importance of recognizing valid whale scoop patterns from a candlestick perspective.

10:04

🔍 Identifying Valid Whale Scoop Patterns

This paragraph focuses on the technical aspect of identifying valid whale scoop patterns on price charts. It describes the characteristics of a proper whale scoop, including the importance of the initial candle's body or wick not being exceeded by subsequent candles. The paragraph provides examples of different candlestick whale scoops to illustrate the concept and discusses the significance of these patterns in indicating market reversals and capturing high win rate trades.

15:04

📈 Entry Models in Whale Scoop Trading

The fourth paragraph discusses the two main entry models for executing trades with the whale scoop strategy: aggressive and conservative. The aggressive entry model involves using a single time frame for analysis and execution, waiting for an engulfing candle to set entry and stop loss positions. The conservative entry model uses two time frames, with a higher time frame for analysis and a lower one for entry confirmation and order execution. The paragraph also touches on the importance of backtesting strategies and introduces the Trader Edge platform for this purpose.

20:05

🤑 Real Trade Examples Using the Whale Scoop Model

The final paragraph presents real trade examples to demonstrate the application of the whale scoop model. It details specific scenarios on the Euro Dollar 1-hour time frame, illustrating how the model identifies key supply zones and uses them to execute trades with high win rates. The paragraph concludes with a recap of the model's principles and an invitation for viewers to subscribe and engage with the channel for more informative content.

Keywords

💡Whale Scoop Model

The Whale Scoop Model is an advanced trading strategy that focuses on identifying and exploiting liquidity sweeps in the market. It targets key static liquidity areas, such as major highs and lows or supply and demand zones, where the price often reverses direction after sweeping liquidity. The strategy is designed to capture significant market moves by entering trades at these critical points.

💡Liquidity Sweep

A liquidity sweep refers to the process where the market price moves to clear out liquidity, typically around key support or resistance levels. In the Whale Scoop Model, a liquidity sweep often triggers a sharp reversal, providing traders with an opportunity to enter the market at favorable points. For example, when the price sweeps below a swing low, it can indicate a buying opportunity as sell stops are triggered.

💡Stop Hunt

A stop hunt is a market phenomenon where the price moves to trigger stop-loss orders placed by traders. In the context of the Whale Scoop Model, stop hunts are used to clear out liquidity at key levels, which then leads to a reversal in price direction. The model takes advantage of this behavior to identify high-probability trade setups.

💡Candlestick Patterns

Candlestick patterns are specific formations of price movement on a chart that can indicate potential market direction. In the Whale Scoop Model, certain candlestick patterns are crucial for identifying valid setups. These patterns, such as those involving long wicks or engulfing candles, signal the presence of a liquidity sweep and the potential for a price reversal.

💡Entry Models

Entry models refer to the specific methods used to enter a trade based on the Whale Scoop strategy. The video describes two main entry models: the aggressive and the conservative. The aggressive model involves entering a trade on the same time frame where the Whale Scoop pattern is identified, while the conservative model requires confirmation on a lower time frame before executing the trade.

💡Supply and Demand Zones

Supply and demand zones are areas on a price chart where the market has shown significant buying (demand) or selling (supply) interest. These zones are critical in the Whale Scoop Model as they often coincide with areas where liquidity is concentrated. The strategy involves looking for liquidity sweeps around these zones to identify potential trade setups.

💡Fair Value Gap

A Fair Value Gap is an inefficiency in the market where the price moves quickly between two levels without trading in between, creating a 'gap.' In the Whale Scoop Model, fair value gaps are important as they often coincide with areas where liquidity has been swept. The model suggests that price tends to revisit these gaps before continuing in the direction of the trend.

💡Change of Character

Change of Character (CHOCH) refers to a shift in market structure that indicates a potential reversal in price direction. In the Whale Scoop Model, detecting a CHOCH on a lower time frame after identifying a Whale Scoop pattern on a higher time frame is used as confirmation for entering a trade. It signals that the market sentiment has changed and a new trend may be emerging.

💡Engulfing Candle

An engulfing candle is a candlestick pattern where a larger candle completely 'engulfs' the previous candle, signaling strong market momentum. In the Whale Scoop Model, an engulfing candle following a liquidity sweep is a key signal for entering a trade, as it indicates a strong shift in market sentiment in the direction of the trade.

💡Risk-Reward Ratio

The risk-reward ratio measures the potential reward of a trade relative to its risk. In the Whale Scoop Model, trades are executed with a focus on maximizing the risk-reward ratio by entering at points where the potential for significant market movement is high, such as after a liquidity sweep. This ensures that the reward for successful trades outweighs the risk of losses.

Highlights

Introduction of the 'whale scoop' trading model, a strategy with the potential to greatly increase win rates.

Explanation of the core mindset behind the model, focusing on liquidity sweeps and stop hunts in key static liquidity areas.

Importance of recognizing immediate price reversals after a key static liquidity pool is cleared out.

Discussion on how the whale scoop model leverages market sentiment shifts post-liquidity sweep for trade setups with good risk-reward ratios.

Identification of the whale scoop as a high probability setup due to the triggering of many stop losses, leading to increased buying pressure.

Description of the whale scoop pattern on a candlestick chart, characterized by a sequence of candles that sweep out a recent key area.

Rule clarification that subsequent candles after a whale scoop should not exceed the initial candle's body or wick.

Examination of various candlestick whale scoop patterns to solidify understanding and discern validity.

Introduction of two main entry models for the whale scoop strategy: aggressive and conservative.

Details on the aggressive entry model, which involves executing orders within the same time frame as analysis.

Explanation of the conservative entry model using two different time frames for analysis and entry confirmation.

Emphasis on backtesting trading strategies, recommending at least 100 iterations before live application.

Presentation of real trade examples demonstrating the execution of trades using the whale scoop model.

Analysis of a specific trade example showcasing the successful application of the whale scoop model in a bearish market scenario.

Discussion on the significance of aligning a liquidity sweep with fair value mitigation in the context of the whale scoop strategy.

Highlight of the importance of market analysis time frame being at least twice as long as the entry time frame for effective trading.

Encouragement to subscribe and engage with the channel for updates on trading strategies and techniques.

Transcripts

hey Traders welcome to another episode

of smart risk today we finally share one

of our exclusive trading plans the whale

scoop model this exclusive trading model

could revolutionize the way you approach

the market a strategy that has the

potential to Skyrocket your win rates in

this episode we're going Beyond Theory

and we'll walk you through the whale

scoop model step by step breaking down

the key points and all Concepts that you

need to master this Advanced trading

model the all you need is to make sure

that you don't skip any part of this

video and watch carefully we always

appreciate your support so please give

this video a thumbs up and subscribe to

our Channel if you are new see you after

[Music]

intro welcome back Traders so let's get

started we have simplified everything

you need to know about this strategy to

get the most out of it watch the entire

video without skipping any parts the

whale scoop model has the potential to

become your Cornerstone trading strategy

helping you become a consistently

profitable

Trader in this episode we will cover the

core mindset behind the whale scoop

model the exact Candlestick patterns

involved the specific entry models the

appropriate time frames for executing

trades the various forms of the whale

scoop real chart examples to solidify

your understanding now let's start with

part one the mindset behind the whale

scoop

model the key to fully understanding the

whale scoop model is recognizing that it

involves a liquidity sweep and stop hunt

of key static liquidity areas such as

major highs and lows key supply and

demand zones and so on it's all about

buying or selling at these external

range liquidity areas and targeting the

opposite sides external liquidity in the

market for example as you can see here

we have a low when trading the whale

scoop model if the price sweeps the

liquidity below a key structure like

this swing low the strategy would

involve buying those sell stops and then

holding for the opposing liquidity the

main practice point of a whale scoop is

that once the price takes out a key

static liquidity pool we often see an

immediate reversal in the intended

Direction the core idea behind the whale

scoop plan is straightforward when sside

liquidity is cleared out through a

liquidity sweep or whale scoop the price

often moves towards the buy side

liquidity which aligns with the Market's

overall

direction when the price sweeps

liquidity on one side whether buy or

sell it usually causes a shift in Market

sentiment Traders then tend to follow

this new momentum looking for

opportunities on the side where

liquidity hasn't been cleared out yet

the whale scoop model takes advantage of

this Behavior using the interaction

between these liquidity zones to find

trade setups with good risk reward

ratios so why should we consider the

whale scoop as a high probability

setup in this scenario we consider this

pattern a high probability setup because

the liquidity below the recent low has

already been swept this means that many

stop losses have been triggered leading

to a sharp increase in buying pressure

and bullish momentum as a result Traders

have limited time and opportunities to

execute orders in that area and adjust

their stop

losses beneath the lowest point of the

recent whale scoop there is no

considerable volume of pending orders

indicating that the price has no

tendency to push lower additionally

since the price has started to move

upward with significant momentum it

signals a strong bullish bias this makes

more Traders believe that the Price's

retracement phase is finished and will

continue its primary

uptrend this action induces more Traders

into the market executing long positions

to gain profits resulting in massive

buying momentum over specific

period these scenarios make the whale

scoop model a reliable trading method

that provides a high probability of

success when used

properly now let's proceed to the next

section and examine how to identify a

valid whale Scoop from a Candlestick

perspective as previously mentioned the

core concept of the whale scoop model is

to identify valid liquidity sweep

patterns on the chart therefore one of

the most crucial and challenging steps

in this trading strategy is to

accurately identify the proper whale

scoop pattern on the price chart the

proper whale scoop is characterized by a

sequence of candles which may consist of

a single long candle or a series of

multiple candles that sweeps out a

recent key area such as swing highs

swing lows or supply and demand zones

then price immediately returns to the

key area's range and initiates a rapid

and substantial Market

shift the whale scoop often features a

long Wick especially on higher time

frames and typically appears through a

series of candles the critical rule is

that none of the subsequent candles

bodies or Wicks should exceed or close

higher or lower than the body or Wick of

the initial candle that triggered the

whale scoop and swept the

liquidity for example here we can see

that the price swept the liquidity of a

previous key area with a long Wick and

then closed below the range of the key

area representing a valid whale scoop

pattern typically the price does not

form a whale scoop pattern as cleanly as

this one when you start identifying

whale scoops on the chart you'll

encounter various patterns that might

confuse you about their validity to

address this let's examine more examples

of different Candlestick whale Scoops to

gain a solid understanding of this

topic starting with example number one

the price performed a whale scoop in a

two candle sequence the first candle

initiated the liquidity sweep by taking

out the highest point of a major swing

high with strong momentum and closing

closing above it then the price

immediately pushed lower into the range

of the key area with the following

candle please note that this is the only

type of whale scoop pattern that can be

considered a sign of manipulation

indicating an upcoming reversal in price

Direction typically closing above a

major High signals a continuation in

price Direction not a

reversal in this example we can see that

the price swept the liquidity above the

previous key area with a long Wick and

then closed below the range of the key

area the price finally fell after

pushing a bit higher with the subsequent

candles forming a perfect whale scoop

this pattern is considered a valid whale

scoop because none of the subsequent

candles exceeded the first candle's Wick

or its highest

point in the next example we have a

perfect two candle sequence forming a

whale scoop showcasing the strength of

this trading

model after sweeping the liquidity above

the previous key area with the wick of

the first candle the price closed below

the key area's range and immediately

reversed direction to the

downside in the whale scoop trading

model we aim for trades with the highest

possible win rate and the safest entries

capturing significant Market moves like

this large red bearish

candle in the last example we see that

after taking the liquidity above a key

area the price returned to the key area

range however instead of pushing lower

immediately the price paused within the

range of the pen penetration candle

before starting to move lower this also

indicates a valid whale scoop

pattern now that we've covered the

various Candlestick forms of the whale

scoop let's move on to the next section

and look at the different entry models

you can use with the whale scoop trading

strategy there are two main entry models

for executing trades with the whale

scoop the aggressive and conservative

entry

models using the aggressive entry model

in smart money Concepts or ICT is

similar to placing a limit order within

the higher time frames demand or Supply

Zone however with the whale scoop model

it's a bit different in the aggressive

entry model we use a single time frame

for both analysis and trade execution

this involves identifying the proper

whale scoop pattern and executing orders

within the same time

frame here's how it works after

identifying a valid whale scoop wait for

the price to form an engulfing candle

that engulfs the previous candles of the

whale scoop once you see this set your

entry at the closure of the engulfing

candle for the stoploss position it a

few Pips above or below the whale

scoop's penetration

candle if you want a better reward to

risk ratio you can set it a couple of

Pips above or below the engulfing candle

instead for the takeprofit we should

Target the closest external liquidity

areas on the

chart we prefer not to keep our

positions open for an extended period

since our entry is executed on a higher

time

frame we use 30 minute 1our 2hour and 4H

hour time frames to apply this entry

model these are the only applicable time

frames for this

method now let's look at an advanced

pattern of the whale scoop trading model

which uses the aggressive entry model to

execute

trades as you analyze the charts this

setup is one of the key trading

opportunities to look out for in this

example the supply zones are in control

and the price has formed a bearish

structure like the one

shown after the initial downward

movement the price returned to the

latest Supply area this acted as an

inducement area triggering the stop-loss

orders of traders who had entered short

trades from that

level the price then moved higher toward

the second unmitigated Supply Zone

tapping into it and M ating the order

block it then surged upward sweeping the

liquidity accumulated above the order

block as the price used the lowest

unmitigated Supply area as an inducement

and triggered sellers stop-loss orders

more Traders may be tempted to execute

short trades from the upper order block

these actions create a significant

liquidity pool just above the second

Supply Zone attracting the market to

move towards this liquidity to fuel its

momentum now we see that after the price

whale scooped the liquidity above the

supply Zone and mitigated the upper fair

value Gap It reversed direction and

continued its bearish movement to the

downside the key factor to consider in

this pattern is that the price must

whale scoop the liquidity accumulated

below or above the supply or demand

areas fill the fair value Gap and then

immediately re-enter the supply or

demand range within a few candles we

need to see an immediate liquidity sweep

along with the mitigation of a fair

value gapos

you were to ask about the psychology

behind this strategy and its

significance in that case I'd highlight

the importance of aligning a liquidity

sweep of an order block with fair value

mitigation this alignment ensures

there's no lingering buy side liquidity

like the liquidity void of a fair value

Gap or the liquidity created by the stop

losses of sellers remaining in the

market when there's no buy-side

liquidity left to be swept the price

will likely move sharply towards the

cell-side liquidity aligning with the

dominant Market

Direction first we must identify a valid

whale scoop pattern to take advantage of

this Advanced trading model and execute

a position once we have the necessary

confluences we should wait for the price

to form an engulfing candle then we can

place a sell order at the closure of the

engulfing

candle this was the perfect example of

the whale scoop model I always look for

to enter a position in the market the

same concept applies to bullish

scenarios now let's move on to to the

conservative entry model but before we

continue it's important to note a

crucial step in your trading Journey

Back testing your

strategies before applying any strategy

to your real account it's recommended

that you back test it at least 100 times

to help you with this critical step we

use the trader Edge platform for back

testing our exclusive trading strategies

if you're interested in using Trader

Edge as your back testing tool be sure

to check out the link in the description

below in the conservative entry method

of the whale scoop plan we employ two

different time frames for our trading

approach a higher time frame for market

analysis and a lower time frame for

entry confirmation and Order

execution to apply the conservative

entry method after detecting a valid

whale scoop on the higher time frame the

next step is to switch to a lower time

frame closely monitor the price movement

and patiently await the formation of a

valid change of character

pattern after detecting the confirmation

of Market structure shift on the entry

time frame we should set our entry at

61.8% of the Fibonacci level of the

change of character wave with a stop

loss put a few Pips below the whale

scoop's lowest point for the takeprofit

we can set it at the closest external

liquidity of the entry time frame or if

you would like to have a higher R to R

you need to place your TP at the higher

time frames key

areas alternatively you can set your

entry position on the order Block in

this case a demand Zone on the lower

time frame which is created by the

change of the character's wave you can

also set your entry position on the fair

value gaps attributed to the change of

the character's rally wave however I

prefer to execute my entry at the

61.8% level of the Fibonacci retracement

drawn from the change of the character's

wave before proceeding to the real chart

examples and seeing how we can execute

trades with the whale scoop model let's

quickly break down its time

frames I prefer using the 1hour time

frame for market analysis identifying my

whale scoop and then switching to the

5minute time frame for executing my

trades however depending on your

preference you can choose other time

frame combinations like the 15 minutes

for identifying whale Scoops and 1

minute for the entry or the 4 hours and

15

minutes also if your whale scoop is

formed on a daily time frame you your

entry should be executed in 1H hour time

frame and if your whale scoop is formed

on a monthly time frame you can use the

daily time frame for entering the market

the key principle is that your market

analysis time frame should be at least

twice as long as your entry time frame

also there are specific times on the

chart when the whale scoop plan is more

likely to be successful than other times

and we will explain these in the next

episodes of the whal scoop trading model

now that we have fully covered the

basics of the whale scoop model let's

examine some real trade

examples here we have the euro dollar

1hour time frame on the screen as you

can see the price is on a downtrend

forming a series of break of structures

to the

downside starting from the top the price

broke below this structure with

inefficiency marking an unmitigated

Supply Zone at the extreme following

this the price experienced a brief pause

before resuming its downward

movement along its downward TR trory it

Formed two successive breaks of

structures and established two

unmitigated Supply

areas in the subsequent price action we

witnessed a Slowdown in the bearish

momentum after a brief pause and the

formation of buy side liquidity below

the swing points the price retraced

upward and entered the most recent

unmitigated order

block following this it pushed above the

Zone triggering the stop losses of

sellers however it quickly reversed its

Direction and closed below the order

block with an engulfing

candle this sequence of events likely

encouraged more traders to enter sell

positions and place their stop losses

Above This Zone their rationale may have

been that since the price had swept the

sell-side liquidity above the order

block and closed below the supply area

with an engulfing candle Traders

anticipated continuing the price

movement toward the sells side liquidity

below the swing points however what

occurred was a trap for sellers the

price trapped sellers twice twice a row

and utilized this Supply Zone as a

strong inducement by triggering the stop

losses of traders who had entered short

trades from that

area following this we see the price

triggering the stop losses of traders

who had entered their positions based on

confirmation from the most recent

unmitigated Supply area subsequently the

price moved higher toward the second

unmitigated Supply Zone as the price

used the lowest unmitigated Supply area

as a strong inducement and triggered the

stop losses of sellers in two sep seate

steps more Traders were encouraged to

execute short trades from this upper

order block however contrary to

expectations the price did not respect

the second Supply Zone instead it surged

above sweeping the liquidity associated

with sellers stop losses from this Zone

and forming a valid whale scoop pattern

since the price has whale scooped a key

Supply after filling the only fair value

Gap above the order block the price

promptly entered the range of the supply

zone so in this trading scenario we have

an immediate liquidity sweep of a key

Zone and a fair value Gap mitigation

that indicates a particular scenario of

the whale scoop model we covered in this

video's previous

part so we have the desired Confluence

we sought in our analysis in the next

step we must execute a sell order and

enter the market for that I'll use the

whale Scoops aggressive entry model and

place my entry at the closure of the

engulfing candle which is below the

supply area as for the stop loss I'll

position it a few Pips above the highest

point of the upper candles I am

targeting the sell-side liquidity below

the swing point for the takeprofit we

prefer not to keep our positions open

for an extended period as our entry was

executed within 1 hour now let's play

out our trade as you can see the price

pushed lower and lower with a great

bearish momentum candle and finally hit

the takeprofit this was the perfect

example of the whale scoop model I

always sought to enter into the market

position now let's move on to the

following trade

example here we have the euro dollar

1hour time frame on the chart as you can

see price is in a downtrend and has also

created several breaks of structures to

the downside if we zoom into a 15-minute

time frame we can see that the price

sharply cleared the liquidity Above This

high with a long Wick following this the

price immediately reversed and closed

below the highs range creating a whale

scoop

pattern so we have identified a valid

whale scoop pattern in the 15-minute

time frame in the next step we need to

execute a sell order and enter the

market for that I'll use the whale

scoop's conservative entry model to do

that I am going to zoom into the one

minute time frames price chart and wait

for price to form a change of

character here we have the one minute

time frame chart as you can see price

created a perfect change of character by

breaking and closing below this

structure to the downside leaving an

incredible inefficiency behind in the

next step we must execute a sell order

and enter the

market I'm placing sell limit orders at

the

0.618 level of Fibonacci retracement to

ensure risk management I'm setting the

stop losses a few Pips above the highest

point of the most recent swing high for

having a tight stop loss as for the

take-profit Target I've decided to set

it at this recent swing low I anticipate

that the price will move in that

direction now that we have placed our

sell limit order let's see how the

market reacts and whether our trade

setups play out successfully as the

trade progresses we can see that the

price initiates a downward movement once

our initial sell limit order is

executed eventually the price reaches

our preset take profit Target this trade

has yielded a promising reward to risk

ratio demonstrating a successful result

now let's go ahead and look at another

example once more we have Euro doll

15minute time frame chart if we take a

closer look at the chart we see that

price has taken out the liquidity above

this structure by a single red candle

here followed by an immediate push in

price to the downside with the price

returning to the range below the range

of previous High consequently we've

pinpointed a whale scoop pattern now we

have a valid whale scoop pattern let's

zoom into the one minute time frame to

obtain a clearer view of price action

and search for any sign of change of

character pattern

now shifting our Focus to the one minute

time frame chart we see that the price

has created a change of character by

breaking and closing below this

structure to the downside thereby

leaving behind a significant

inefficiency now everything looks

perfect in the next step we need to

execute a sell order and enter the

market I'll place a sell limit order at

the

0.618 Fibonacci retracement level to do

that this approach offers the advantage

of an optimized entry point and a

narrower stop loss it also reduces the

likelihood of trade losses because

placing a sell limit order solely on the

order block could result in missing out

on a prime trading opportunity to

maintain a strong risk management

strategy I'll place the stop loss a few

Pips above the whale scoop pattern's

highest

point my focus for the take-profit

Target is set on this particular swing

low as it presents a significant level

at which we expect the price to

potentially reach now that we have

placed our sell limit order let's see

how the market reacts and whether our

trade setups

work as you can see the price was pushed

lower after the sell limit order was

triggered and eventually reached the

take-profit

target that's it Traders thank you for

watching this video I hope you found it

informative and useful don't forget to

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