Smart money concepts reddit forex

Smart money concepts reddit forex. Order blocks form when a burst of buying or selling quickly moves price. Agree, the concept of “smart money” or the “herd, the sheep” is used to sell more courses or get you to invest your money with the snake oil salesmen. A place to discuss forex strategy, ideas, analysis, and concepts. Edit: but they do so with much more market data. In theory, any strategy works with proper risk management. For equities smart money does exist and work You'll often see similar concepts within support and resistance and value additions. ly/2N4mmCD🐺 Trading Community: https://www. I been trading 8 yrs and my highest yr was $120K . Lets get to the main Event, the flawed logic behind those concepts. Wyckoffs was developed to use with the stock market. Smart money refers to the large institutional investors, banks, and hedge funds that have substantial resources and expertise in the forex market. One strategy that allows you to trade in the direction of smart money uses the FXSSI order book analysis indicator to help view how the market is positioned. There are some key points in his techniques but I won't learn from him. Others: TTrades, The MMXM Trader. If any of you want to know a "strategy" I've been using lately, it's called Smart Money Concepts or SMC, coined by the great Inner Circle Trader (ICT) on Youtube. 5. patre 229 subscribers in the uktrading community. The ICT approach is based on the idea of identifying key levels in the Apr 10, 2024 · The Smart Money Concept (SMC) is a trading strategy focused on understanding and leveraging the market movements initiated by institutional investors, such as banks and hedge funds. 6. Order blocks also show places where smart money entered. In… Welcome to FXGears. Welcome to FXGears. Every YouTube trading video now is i made $60K today or they started trading 2 yrs ago and am a millionare driving a lambo and showing a mansion . the other argument is that his concepts are all stolen, many of them seem to be heavily influenced by other traders but they all work so who gives a fuck. Jan 25, 2024 · The Smart Money Concepts (SMC) strategy in Forex trading offers a user-friendly approach that aligns retail traders with influential institutions, helping them navigate market complexities. Where as supplies and demand is just a zone where institutions set their sell order or buy order at. I am "The Ghost In The Machine". Phantom, ment fx, Traq fx, WWA, and vortex for smart money concepts. - Banks going for retail Traders: This is just complete nonsense, sorry. Smart money jump into market strongly after testing successfully. Hint : Look for BIG volume bars. Hey, I'm developing a trading bot using the Python Binance API and I would like to program it to follow the ICT concepts. Cheers! Unless if it's one of those mentors afraid of the competition coming from SMC and just trashing it for good reason. I would really appreciate if someone can give me a hand and cooperate to develop a profitable trading bot. And I never felt the need to see any proof of him being profitable. There are some really big differences but ideally you trade them together. Articles, links, etc are all welcome. I know only a bit about this strategy so I'm not an expert. Feb 19, 2024 · The SMC Forex trading strategy is the latest approach to the price action strategy. By monitoring their positions and trades, individual traders can gain Jan 9, 2024 · Here are two smart money concepts indicators for metatrder 4. Smart money concepts (SMC) is a forex trading style based off theories surrounding reactions off of moves from banks or market movers. An unverified bogus trader banking off his gullible audience all over YouTube which is his main source of income. Gold-Min3 • 7 mo. Overly convoluted and unnecessarily long winded explanations and learning methods. An egomaniac. All u really need to do is to find liquidity grabs around equal lows or highs, then follow the move that breaks a major structure and find the source of it Smart Money Concepts Strategy - FOREX. com's Reddit Forex Trading Community! Here you can converse about trading ideas… Smart money concepts exist for real. Filling out my 2 weeks notice at my job right now👍🏾👍🏾👍🏾(don’t mind all the indicators I was just looking) 😂😂😂 Feb 20, 2023 · Take a look at “All-in-one SMC (smart money concepts) indicator” in action. 21K subscribers in the Forexstrategy community. . In this video you’ll learn:• How to make money from For A core SMC strategy is trading order blocks. Conclusion This indicator highlights all relevant components of Smart Money Concepts which can be a very useful interpretation of market structure, liquidity, & more simply put, price action. It's not a hard and fast setup though and trading strictly by SMC in equities is much less forgiving. Articles, links, etc are all… Step #4: Find a group that trades ICT Smart Money Concepts. •. • 3 days ago. The simplest way to describe Smart Money Concepts trading is to say that it is price action by a different name. Members Online Learn 2 Trade Smart Money Concepts | Episode 1 | Structural Laws Smart Money Concepts (SMC) By ICT. It’s not a scam in the sense of if they are legit concepts or not, they are, they’re just concepts that people are calling different things in order to sell their courses, signals, and mentorship to people who don’t know the concepts aren’t special, which is the real scam. SMART MONEY CONCEPTS SMART MONEY CONCEPTS BY THE NORTH GOD Table Of Contents 1. Petefader on YouTube has made many useful videos on this. Posted by u/Born_Sand1742 - 1 vote and 1 comment May 29, 2023 · Cách sử dụng phương pháp SMC (Smart Money Concept) trong Forex Posted on Tháng Năm 29, 2023 Tháng Năm 29, 2023 by Plus Trader Khi tham gia thị trường ngoại hối, chắc hẳn bạn đã từng nghe đến cụm từ “ Smart Money Concept” (phương pháp SMC) . ICT is a trading methodology developed by a trader named Michael J. Hope y’all learn something and enjoy! 1. He doesn’t believe people can have small stop losses because he can’t do it himself. Phase 2. Follow the Institutional Traders: One effective strategy for implementing smart money concepts is to follow the institutional traders. So I have been studying smart money concepts for a couple of weeks/months, focussing on Liquidity Sweeps, Fair Value Gaps and Order Blocks and of course general market structure. Articles, links, etc are all… Smart money is indeed true. I trade smart money concepts and my best friend is a student of ICT. View community ranking In the Top 1% of largest communities on Reddit. Putting It All Together Content Terminology 1. Share. people think its a scam bc ict has mental issues and is a bit retarded, his concepts are real though. TheLoneComic. Auction market theory will teach that the market is aiming for value. Market Structure 2. 4. It refers to market makers and now people on YouTube use it for marketing some BS course they're selling. Hi guys i started trading few months ago saw a lot of YouTube videos a lot of retail shit spending my money and time,i have come to a conclusion that smart money concepts and price action are better and more correct ways to trade,i have started to learn it from ict,the question is is he good mentor?is there anyone else teaching good meterial for free in YouTube and such? View community ranking In the Top 5% of largest communities on Reddit. Value isn't always equal to taking out stop losses sometimes its by forcing or creating a context for higher or voluntary market orders because that's the next best price If anyone wants forex courses at low cost I have following courses: FOREX XL VERTEX MENTFX WWA BOOTCAMP ICT. waveforminvest. Supply and Demand -Choch -Flips 4. View community ranking In the Top 1% of largest communities on Reddit 48 points thanks to smart money concepts 😜 comments sorted by Best Top New Controversial Q&A Add a Comment Apr 28, 2023 · Understanding liquidity, volume, price action, support and resistance, sentiment, fundamental analysis, and technical analysis is crucial for trading smart money concepts in forex. Particularly nice trade from a couple of weeks ago - USDCAD, and how we went about finding our 'sniper entry'. Kimmel Trading YT: I Watch him because He often trades live and does YouTube Live videos for this + He is funded and knows concepts well. 50 bucks 1 time payment for MENTfx course. And how you do that is really up to you. Liquidity Concepts -Highs &amp; Lows Liquidity - Trendline Liquidity -Equal Highs &amp; Lows Liquidity 5. Banks do institutional trading. 323K subscribers in the Forex community. [deleted] •. He speaks as if he’s a trading god and that his word is law. Apr 10, 2023 · The forex market is a complex and dynamic environment where traders compete against each other to make profits. Trading is a lonely journey so it can help to find a group of like-minded traders who have studied ICT’s concepts and are actively trading. Phase 1. Smart Money Concept/Institutional Trading Smart Money Source r/Forex • Trading small The forex market is an auction, you’ve got to follow the money to make money. What is SMC (Smart Money Concepts) Forex Strategy . It does seem to work for some people but I don't think you need to learn all the jargon and watch the endless hours of videos to grasp the relatively simple concepts. I find Smart Money concepts to be overwhelming. That is first confirmation that Smart Money came and we need to think about trading plan soon. Tgfx. The concepts would have spread in the retail sphere. Whilst many people who trade SMC like to put down other strategies like support and resistance, price action or supply and demand, I personally believe they are all based off of similar concepts and are price movements, just viewed in different ways that some Top posts of June 12, 2022 Top posts of June 2022 Top posts of 2022 Top posts of June 2022 Top posts of 2022 Jan 14, 2024 · "Smart Money Concepts" (SMC) is a fairly new yet widely used term amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. r/Forex • My first trade and its profit. Smart money 'concepts' isn't something you can do as a real trader. Market Structure : Defined by higher highs and higher lows in an uptrend, lower highs and lower lows in a downtrend. @LiquidityTrading YT: does backtesting sessions of ICT concepts. One of the key concepts in forex trading is the idea of smart money. Everyone seem to use ICT concepts. Institutions have access to extensive research, market analysis, and cutting-edge technologies that give them an advantage in the market. Every strategy works depending upon the market. Didn’t understand supply and demand until I came across him late last year :) in terms of advice, don’t go looking for multiple strategies. This is a bad idea tbh. But from my understanding order block is where smart money push up real fast to take liquidity and then sell right after. co. Huddleston. Just don’t join a group looking for signal calling because that is no way to learn and become a profitable trader. But its logic is completely flawed. 9M subscribers in the Daytrading community. I don’t hate it but I hate SMC and ICT traders. Imo every strategy can work, but you have to make it work for you. They have access to visible liquidity. It requires a market with real volume data and a market that However I do agree that 'smart money concepts' is rebranded supply and demand with more steps. Posted by u/Born_Sand1742 - 1 vote and 2 comments Nothing is simple with ICT whether it’s his concepts or controversy. Most of the things I have learned from TJRTrades on Youtube and a bit from ICT. If your stop is 10 pips, and you bought, you would have an RR of 10 if you sold after 100 pips. Order Blocks 3. In the first screenshot 5 pip renko with 1 second refresh rate and in the second screenshot 5 pippettes. Buyers normally absorb all the sellers in a very short time. Reply reply. Banks trade against dumb money retail traders. I've been learning some of the SMC (Smart Money Concepts) to help with my trading, still really new to the concept and am wondering if I'm setting up my trades correctly. i have his things in my discord, lmk. IMind. • 3 yr. @precisionmarkets YT: usefull tips. The answer is psychology. Go to Forex r/Forex • by View community ranking In the Top 1% of largest communities on Reddit. I use smart money concepts (smc) so supply and demand using imbalances in the market and trendline breakouts as well. Anything between Forex, Futures, Equities, Spread Betting, CFDs. Develop a trading plan, identify key levels, use risk management strategies, stay up-to-date with market news, and continuously learn and adapt to changing market Everything about forex, share your thoughts and experience; and be friendly to your fellow traders. Micheal Huddleston doesn't want people to see his poor trading performance. They think they aren’t retail traders. The only reason to hate is first and foremost not making money in trading and hating as a relief. Enjoy!📈 Trading Platform (Trading Analysis): http://bit. Banks and other big institutions manipulate the market by buying/selling in such a way that retail stops flood the market, therefore allowing them to take huge positions without moving the market too much (retail liquidity serves as a counterpart). Currently studying wyckoff and there are some good traders on YouTube that explain these smart money concepts in a simple way. Forex trading Robots and various Expert Advisors! Members Online A place to discuss forex strategy, ideas, analysis, and concepts. 0 Trading Forex XL 3. Market Structure Market Structure basics Understanding Mar 5, 2022 · My experience with smart money trading and the most important concepts I’ve learned in the past years. They’re like a cult and shit on anyone else. r/Forex • WTF . None of his inner circle students are able to produce an audit or 6 month Myfxbook trading history. on ICT , youtube page the name MICHAEL J. Smart money concepts trading as it is called, uses replacements for legacy terminology such as supply and demand, support and resistance and price patterns. Absorbing. SMC focuses on recognizing order and breaker blocks, understanding market manipulation forces, and optimizing trading decisions based on smart money The thing with ICT is he’s rebranded common strategies, so technically his strategies aren’t bad. I personally think learning both would be beneficial but smart money concepts are the better “edge or strat” but the retail way works also those guys aren’t scammers there’s ppl who have a narrative and aren’t educated. Lack of liquidity. Sep 9, 2023 · However, trading successfully in the forex market requires more than just luck or intuition. Last YT-lesson (39) ICT claims his son, who just started trading, made a 400% return in 4 weeks without even trading everyday/full session. Daily Pip Cycle 7. There is video by Vinny Emini that calls this guy a conman and a fraud. Aug 22, 2023 · 1. com, a trading forum run by professional traders. After 8+ years of trading I finally became profitable and that is THANKS TO ICT, my mentor. ProfitHunterX. Whether you’re a seasoned trader or just getting started, I hope this article on smart money concepts gives you valuable insights into the forex market and helps you become a more successful trader. Hey - hope the video above is interesting, and also helpful to some, to breakdown how we trade the Forex market with our Fund. Smart money refers to the large institutional investors and banks who have the ability to move the market with their trading activities. This guy defines himself as: "I am the Mentor of your Mentor". And also the herd mentality, which leads to misery. Understanding structure helps identify potential trend changes. I also tried out his mentorship material. Breaks signal likely continuation. Reply. 0 Trading Fractal Markets 2022 Freak Trading 2023 Fx Funding Mate FxSimplified Hustle TradingFX 2022 ICT All Mentorships 2011/22 ICT OTE 2020 ICT Charter 2020 ICT Charter 2019 ICT Market Maker 2021 ICT Mastering 2017 ICT Mentorship 2016 ICT Mentorship 2021 If you want something about smart money concepts search for traqfx and for me the best YouTuber about fx is Iliya Sivkov. SMC is something new. 2. SMC involves using classic Forex concepts like supply and demand, price patterns, and support and resistance to trade, but that everything has been given new names and described in a different way. I will post the screenshots below. And most retail traders do "dumb money" trading strategies. SMART Money Concept . I find Smart Money concepts to be overwhelming, where should i start learning smart money in a simple way ? preferably a PDF or a book. Smart money concepts/supply and demand/orderblocks can all refer to a niche type of price action trading approach that is quite popular on this subreddit/YouTube, and the terms are used interchangeably. BillGatesfx; Jan 20, 2022 Facebook Twitter Reddit Pinterest Tumblr Forex XL 1. 1. Personally, I don’t really care for ICT. From here, you’re able to analyse market sentiment of your chosen forex currency pair directly from within your MT4 trading I wouldn't expect them to work on < $10 stocks. They literally worship their God Michael. IMBALANCE will be created. Its again a great business model, "Dont Trade like the retail traders, 99% lose money, do the opposite". It requires a deep understanding of the concepts and strategies employed by smart money. The bottom line. This is next level to smart money. I've been watching his 2022 ICT Mentorship playlist and he 21K subscribers in the Forexstrategy community. He has a really big ego and seems to build a cult more than a community. I got any course … being fr like legit but each course will be 150 and it’s legit if you want any course hmu. ago. UK trading discussion. • 1 mo. I know a little bit of scripting already and I kinda mashed all of them together and used gpt to tweak out parameters on when to place longs nd shorts the quirks. You reach a reward of 10 if you exit your trade at a distance that is equal to 10 times the size of your stop loss from your entry. This is in reference to a single trade. If you’ve ever seen his videos, the guy drips insecurity and ego. 0 Trading Forex XL 2. Daytrading futures, forex, stocks, etc. Liquidity and how retail Traders are getting hunted by the Banks. It posits that by identifying the trading behaviours of these major players, retail traders can make more informed decisions. Suppose the first sentence is wrong, and we are all trading in Welcome to FXGears. no its not a scam, they both work. Any type of… Welcome to the ultimate guide on trade entry simplified with smart money concepts! In this comprehensive video, you will learn how to enter a trade using sma Mar 11, 2024 · This indicator highlights all relevant components of Smart Money Concepts which can be a very useful interpretation of market structure, liquidity, & more simply put, price action. The term was coined & popularized primarily within the forex community & by ICT while making its way to become a part of many traders' analysis. I basically followed this same blueprint on about 5 trades today and all started out great but failed and ended up stopping out 5/5 trades. primexbt comments Smart Money Strategy for Forex. He also say he posted evidence for it, but the broker had him take it down. Sweats like trying to hide some shit. Dec 29, 2021 · Smart Money Trading Strategy 1: Analysing the Order Book. The way to essentially, and I'm dumbing A question to Smart Money traders. What’s good everyone! For those of y’all who want a to learn a new strategy for forex, here’s my YT video that will give you all the information in less than 30 minutes. Nov 2, 2022 · Go to www. Smart traders buy new order block breaks in the direction of order flow, with a stop beyond the block. The issues come when he claims that he’s Gods gift to Forex and all who wish to learn it. On this community our goal is to share most latest forex trading manual and automated strategies. Its concept is that institutional investors, central banks, hedge funds and market makers manipulate Welcome to FXGears. It's the perfect scam. They are the one who create the chart patterns when they accumulate or distribute stocks. For those of you all who use Smart Money Concepts, who or what are your best teachers that helped you truly get an understanding of institutional… Coins 0 coins Renko is amazing to this type of trading, it clears the chart and make the market breaks,choch very clear and easy to see. Cheers! 2. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. No one ever said S/R needs to be a straight line that must be respected, not even Babypips. Supply/demand zones are no different than support/resistant zones. simulationfx. Help with Trading Bot following the Smart Money Concepts. Just watch his educational videos and you’ll learn everything you need to know. To be honest wycoff and smart money has a tonne in common with traditional trading methodology. Smart money concepts will teach that the markets are primarily aiming for stoplosses. Smart Money Concepts Forex. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Aug 9, 2022 · I wanted to put this video together for you all. You can check out Doyle Exchange on YT, I literally trade the same as him. "Smart money" often targets areas with high liquidity, such as stop-loss clusters. Trying to determine where institutional market participants have orders placed (buy or sell side liquidity) can be a very reasonable approach to There’s the smart money concepts it shows break of structures change of structures all that and some order block one and then one where buyside and lowside liquidy levels are drawn. uk and enter your email address to be informed on the release of my new trading software!Hey! Struggling trading & scalping on the Recently ICT concepts became the new "cool thing" in trading. A breakout price action strategy works fine but if it fails then the smart money concept traders get an entry because of liquidity sweep, now if the orderflow looks to reverse again then the traders who trade with the help of orderflow analysis get an entry, suddenly Hope this video is interesting, and also helpful to some, to breakdown how we trade the Forex market with our Fund. The same person who we've done the group study on for high-probability scalping strategy. HUDDLESTON appears, type this in google ICT (Inner Circle Trader) and SMC (Smart Money Concept) are two popular trading methods in the forex trading community, and while they share some similarities, they are also quite different. A strategy is your foundation of viewing the market, but you will have to refine and build confidence to execute it properly to actually make some money. They have an informational , executional & capital edge over you but the thing is : however hard they try to hide their footprints, they get spotted on the charts. Yeah basically the same thing. If it wasn't and it's taking from old concepts then more than 90% of traders wouldn't lose money. Too messed up psychologically. i know they are all fake but makes me feel like a loser . • 1 yr. If it was really a smart way of doing things it would be quantifiable. Premium &amp; Discount 6. yt th kl hd em rk xv kx ke ne