Advance Smart Money stcher reading ๐ฅ
Here are some advanced concepts in Smart Money Concept (SMC) trading:
Inducement (IDM)
The extreme point of the last pullback in a market structure that prompts traders to buy and sell.ย
Change of Character (CHoCH)
A notable alteration in the market's behavior, often seen through an abrupt increase in volatility or a shift in price direction.ย
Break of Structure (BOS)
A BOS occurs when the price surpasses a significant high or low, indicating a potential change in market trend.ย
Sweeped BOS
The first POI zone for counter-trend entries is right at the start, i.e., after a Sweeped BOS.ย
Other concepts in SMC trading include:
order blocks, breaker blocks, mitigation blocks, flip zones, fair value gaps, and liquidity grabs.ย
SMC is a trading strategy that helps traders interpret market movements by looking at institutional activities.ย The term "smart money" refers to the capital that is being controlled by institutional investors, market mavens, central banks, funds, and other financial professionals.ย
