GBPUSD BREAKDOWN | SMART MONEY CONCEPT (Part 2) #smc #gbpusd (2023)


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GBPUSD Analysis
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Thank you so uh, hello and welcome back guys to the channel, and on this video guys we're gonna be um extending the uh the GBP USD breakdown that we did before.

So this is going to be just an update on um what we had viewed previously right so um so uh previously right.

We had this um this trade here in which um I had this sell trade of um about 13 um RR, which was targeted to be um to end at this auto block right here, as our take profit Target, which has been finally hit today on Tuesday on 31st of January, and now that uh now that um, our block is already mitigated we're expecting a bullish move from here now before I get into that bullish move.

Firstly, we had this trade and today I did add um a second trade right here.

It was taken off of the um one minute chart now, as you can see, so this was like today's price action.

It was during the um.

The London opening right as you can see.

Um in in and around um 10 a.m.

In the morning, where price just created this high right here, which is just part of a pullback and we um, we got this entry off of this move in here right.

So we had this move come down, so we were pretty much ranging um from this high right here to this low right here and then I decided to trade off of this inner um inner price action right here.

So we had this low.

We had this High.

We had this break right here and then we had this retest to the supply zone, right in which uh that Supply Zone was beautiful, mitigated um, that's where we got our entry and we just had that um we had this um five.

It was like a 5.1 pip um this right here it was a 5.1 pip, stop loss with a 46.2 pip um take profit targets which equates just to about nine RR, so we have both of both of our trades um.

Having have already um hit, take profit Target, and now we are looking for Buys in this area.

Here um, as I said before that from here we'll be now looking for, buys towards um this high as the next uh overall liquidity run.

But, of course, as you can see, um the the lower time frame price action right.

We had price coming with a very strong move down and once price approached our our autoblock price now began to slow down right price then started to create um, create this liquidity right here right.

Actually, it was creating the quality on both sides of the market.

As you can see, you also have that liquidity there and each price comes makes this High comes down.

Um fix this liquidity here forms this.

If we take this in terms of Fike off that uh, what that that right here was a preliminary support, the PS right, um, the selling climax right there um the St at the St and the stnb right here, and then we finally have this um spring and after the spring was formed.

Price now came up and collected this liquidity resting above these highs, which is the buy side liquidity after taking this cell side liquidity right here and once these liquidities were cleared.

We now have a sign of strength right there, and now we just um sitting back since it's off session and uh I'm practically going to be um I'm, practically going to wait uh until tomorrow to see this pullback uh getting completed, mitigating and auto block in there and then taking this price up towards new highs on top right here now, having that being said, um today is Tuesday uh, the last day of January.

Of course, tomorrow we have um.

We have the iPhone, the fomc news and I'm expecting that news to initiate um this bullish move that will be um pretty much extended for question period of time right about um, about 200 to 300 Pips up, so you know it is where it is.


That's it on this um update on the pound, USD trade that we had and mind you guys.

This is all perspective based right.

This is all perspective based everything said or shown in here is based on my perspective, based on the way how I view things.

However, it's not any form of financial advice, so everything you do is completely up to you right.

You can only use this piece of information uh if you only if you want to and basically for educational purposes right now.

That being said, guys uh, of course, if you did like the video, then don't forget to like And subscribe.

If you haven't turn that Bell button on for notifications, let's have a next trading week, wish you all the best and peace out.


Does SMC really work? ›

Smart money concepts trading does seem to work for some traders. If it works for you, there is no reason not to use it. Being able to consistently grasp what price is doing and profit from its behavior is more important than knowing why price is moving the way it is.

Do smart money concepts work? ›

Smart money is cash invested or wagered by those considered experienced, well informed, “in the know,” or all three. There is little empirical evidence to support the notion that smart-money investments perform better than non-smart-money investments; however, such influxes of cash influence many speculation methods.

Does smart money concept work in forex? ›

You will be learned a full story of Smart Money Concepts from smallest definition to "How to apply it" in the real market. It works not only Forex, Crypto market, It also works well on Stock market. So, If we have knowledge with Smart Money Concepts, It will be the big advantaged to start Trading and Investing career.

What is the difference between smart money and price action? ›

Price action is a financial instrument's price movement plotted over a certain duration. Retail investors ride the smart money investors' coattails to generate returns in the market. Analysts and traders utilize this concept to analyze market trends and spot the exit and entry points.

Is SMC trading profitable? ›

Currently, there is no data to prove that SMC traders are any more profitable than retail traders just focusing on their basic technical analysis.

Does SMC accept everyone? ›

Students eligible for admission to noncredit programs must be 18 years of age or older or must possess a high school diploma from a U.S. regionally accredited or foreign high school, a GED, California High School Certificate of Proficiency, or the equivalent (see above).

What is the winning rate of smart money concept? ›

99.9% win rate SMART MONEY CONCEPT: ICT Forex Strategy | Order Blocks Trading Strategy | Orderblocks | Money concepts, Smart money, Forex trading training.

How do you trade with smart money concept? ›

Smart money method basically the backbone of two things market structure and liquidity. When a large trader or institution takes a large position in a particular asset or market, its actions can have a significant impact on the supply and demand dynamics, leading to changes in price and market direction.

What is SMC trading strategy for beginners? ›

What is SMC Trading Strategy? SMC trading strategy is a straightforward and traditional trading approach that relies on basic concepts like supply and demand, price action trading strategies, and support and resistance techniques to properly analyze entry and exit trade positions.

How do you read a smart money indicator? ›

The Smart Money Index is calculated by taking the previous day's smart money reading minus the gain or loss in the opening 30 minutes plus the change in the index during the last hour of trading.

Which is the indicator for smart money concept? ›

The SMC Indicator is a tool designed to simplify trading using Smart Money Concepts. It provides a framework for identifying key market levels, order blocks, mitigation blocks, Fair Value Gaps, Liquidity concepts and a lot more.

Who is the father of smart money concepts? ›

You may have heard of smart money concepts, but just so you know, exactly where it came from. Come from this, the godfather himself of smart money concepts, the inner circle trader, Michael Huddleson.

What is the easiest price action strategy? ›

The head and shoulders reversal trade is one of the most popular price action trading strategies as it's relatively easy to choose an entry point (generally right after the first shoulder) and to set a stop loss (after the second shoulder) to take advantage of a temporary peak (the head).

What is the most accurate price action pattern? ›

The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target almost 85% of the time. The regular head and shoulders pattern is defined by two swing highs (the shoulders) with a higher high (the head) between them.

What is the most accurate price action trading? ›

The most accurate trading pattern used by a price action trader is the head and shoulders (or inverted head and shoulders) setup.

What is the most profitable trade ever? ›

Probably the greatest single trade in history occurred in the early 1990s when George Soros shorted the British Pound, making over $1 billion on the trade. Most of the greatest trades in history are highly leveraged, currency exploitation trades.

What is the most profitable stock option strategy? ›

A Bull Call Spread is made by purchasing one call option and concurrently selling another call option with a lower cost and a higher strike price, both of which have the same expiration date. Furthermore, this is considered the best option selling strategy.

Who is the most profitable trader? ›

George Soros – the best trader in the world

His most successful trade gave earned him a profit of $1 billion in a single day.

What is SMC known for? ›

Championing All Students

Santa Monica College's longstanding achievement as California's leading transfer institution comes with a special pride, because SMC is also the leader in transferring African American and Latino students to UC campuses.

Is SMC private or public? ›

Private California Universities - Santa Monica College.

Do you have to apply for SMC? ›

If you are a new student, before you can enroll you will need to apply to SMC!

What is smart money vs dumb money? ›

In financial markets, “dumb money” describes retail investors, while “smart money” is intended for sophisticated institutional ones such as asset managers.

What is liquidity in smart money concept? ›

Liquidity is basically the ability to convert your investments into cash quickly and without much delay. The faster you're able to convert your asset to cash, the more liquid it is said to be. The concept of liquidity applies to the stock market as well.

How do I cash in smart money? ›

The Smart Money Card can be used to withdraw cash at any Banco de Oro, Bancnet, Expressnet and Megalink ATM terminals nationwide subject to applicable bank charges, if any. It can also be used at Cirrus ATM terminals overseas. All ATM transactions are treated as cash withdrawal transactions.

Who is the founder of smart money concept in forex? ›

Smart Money Concepts can be traced back to The Inner Circle Trader (ICT), a program developed by a trader named Michael J. Huddleston.

What is a weak high in smart money concept? ›

A weak high is formed when a market rises and reverses right at a specific point which is often a technical or profile nuance.

What is the simplest most profitable trading strategy? ›

From our experience, mean reversion strategies tend to be the most profitable. One of the reasons for that is that the market moves sideways more of the time than it trends. Even when it trends, it moves in waves that often oscillate around its moving average.

What is the most profitable swing trading strategy in forex? ›

Trend Trading in Forex

This is the best swing trading forex strategy as it applies to both the upper and downer market trends. With the strategy, forex traders can see whether prices are going down or up. Apart from that, trend trading uses bullish trend lines.

Which indicator is best for SMC trading? ›

Fair Value Gaps — SMC traders believe that fair value gaps, which occur when the market opens above or below its fair value, are indicative of smart money activity. By identifying these gaps, traders can position themselves to profit from smart money behavior.

How do you spot smart money activity on your charts? ›

Identification of Smart Money
  1. Trading volume. Smart money may be moving into a position when there is an unusually high l trading volume in a stock, and there has been no industry news or public information to generate the volume.
  2. Stock pricing and index options. ...
  3. Data sources and methods.
Oct 15, 2020

How do you read buy and sell signals? ›

By plotting a 200-day and 50-day moving average on your chart, a buy signal occurs when the 50-day crosses above the 200-day. A sell signal occurs when the 50-day drops below the 200-day. 1 The time frames can be altered to suit your individual trading timeframe.

How do you read a know sure thing indicator? ›

KST is generally rising when above its signal line and falling when below its signal line. A rising and negative KST line indicates that downside momentum is waning. Conversely, a falling and positive KST line indicates that upside momentum is waning.

What are smart money habits? ›

A few popular strategies include: 50/20/30 method: This budgeting method sets aside a percentage of your income for three major spending categories. You should spend 50% of your after-tax income on must-haves, 30% on wants, and 20% on savings and paying down debt.

Which indicator is best with money flow index? ›

Uses of MFI VS Uses of RSI

On the other hand, the RSI indicator is by many thought of as the better choice when it comes to spotting oversold and overbought conditions. Now, many traders who choose between the two, simply use both to confirm one another and get a stronger signal.

Who are the financial experts in get smart with money? ›

The featured consultants are Pete Adeney, a personal finance guru and blogger who is also known as Mr. Money Mustache; Tiffany Aliche, a personal financial expert and author of the bestselling book.

Who is the CEO of Money Concepts? ›

Denis Walsh is President / CEO of Money Concepts International, Inc.

When did SmartMoney start? ›

Launched in December 2000 in cooperation with 1st eBank (now Banco de Oro Universal Bank after it was acquired) and MasterCard, Smart Money is the world's first and most innovative card linked to a Smart wireless phone.

How do you become a master in price action trading? ›

To master price action trading, you must learn a lot about how the market works and how to read and understand price charts. This is usually done by looking at how the market has moved in the past and finding patterns and trends that can be used to predict how prices will move in the future.

What are the 2 most important things of price action? ›

There are two general factors to consider when analyzing price action. The first is to identify the direction of the price, and the second is to identify the direction of the volume.

What is the best pattern to trade in forex? ›

Engulfing Pattern

While there are many candlestick patterns, there is one which is particularly useful in forex trading. An engulfing pattern is an excellent trading opportunity because it can be easily spotted and the price action indicates a strong and immediate change in direction.

Which chart pattern is most bullish? ›

The bullish engulfing pattern and the ascending triangle pattern are considered among the most favorable candlestick patterns. As with other forms of technical analysis, it is important to look for bullish confirmation and understand that there are no guaranteed results.

What is the best time frame for price action trading? ›

For day trading, 15-minute charts and 30-minute charts are the best. Day traders who use indicators in their day trading strategy can use a 15-minute or lower time frame. In the case of price action-based trading, a combination of the 15-minute and 30-minute time frames is the best.

What is the most accurate buy and sell indicator? ›

Stochastics are a favored technical indicator because they are easy to understand and have a relatively high degree of accuracy. It falls into the class of technical indicators known as oscillators. The indicator provides buy and sell signals for traders to enter or exit positions based on momentum.

What is the best price indicator? ›

Moving Average Indicator (MA)

The moving average indicator is one of the most popular technical indicators and it's used to identify a price trend in the market. For example, if the short-term MA crosses over the long-term MA, this is an indication that there might be an upward trend coming up in the future.

Is SMC trading real? ›

SMC trading strategy is a straightforward and traditional trading approach that relies on basic concepts like supply and demand, price action trading strategies, and support and resistance techniques to properly analyze entry and exit trade positions.

What are the problems with SMC? ›

Common problems with using SMC-R communication include the following categories:
  • Switch configuration issues.
  • Physical network ID configuration issues.
  • No associated subnet mask.
  • PFID status remains STARTING.
  • Problem with SMC-R interaction with security function.

Is SMC a real college? ›

SMC is the Place for You

Santa Monica College – a two-year community college accredited by the Western Association of Schools and Colleges – opened in 1929 with just 153 students.

What is the best timeframe to trade SMC? ›

Not in a day or two, maybe not even in six months or a year; it depends on your previous knowledge. But for anyone already trading; from six months to one year at most should be a reasonable amount of time to complete the learning path.

Is SMC a good investment? ›

Price-To-Sales vs Peers: SMC is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1x).

What does SMC mean in forex? ›

Smart Money Concepts (SMC) trading is an alternative approach to price action that employs classic Forex principles such as supply and demand, price patterns, and support and resistance, but presents them under new names and with distinct descriptions.

Is SMC Global share good to buy? ›

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of SMC Global Securities Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Is VA SMC automatic? ›

Special Monthly Compensation Pay Rates. Note: All Special Monthly Compensation applies ONLY TO VA Disability, not DoD. The VA should automatically give you Special Monthly Compensation if you qualify for it. You do not have to apply.

How do I get rid of SMC? ›

Resetting SMC on a Mac Desktop

If you have an iMac, a Mac Mini, or a Mac Pro, resetting the SMC is dead simple: Shut down your Mac, then unplug the power cable. Wait 15 seconds. Plug the power cord back in, then turn on your Mac.

Do you get back pay on SMC VA? ›

Receiving Back Pay

If a veteran does not receive special monthly compensation when they apply for VA benefits, a successful appeal may entitlement them to back pay of the compensation they should have received while their claim was pending.

What does SMC company do? ›

Smc Corporation of America manufactures pneumatic and electric automation equipment. The Company provides actuators, air cylinders, filters, fittings, pressure switches, regulators, rotary actuators, solenoid valves, manifolds, tubing, airline equipment, connectors, and electrical products.

What is the transfer rate for SMC to UCLA? ›

Colleges that Send the Most Transfer Students to UCLA:

Santa Monica College (1,742) – 31% accepted.

What hour is best to trade? ›

The opening 9:30 a.m. to 10:30 a.m. Eastern Time (ET) period is often one of the best hours of the day for day trading, offering the biggest moves in the shortest amount of time. A lot of professional day traders stop trading around 11:30 a.m. because that is when volatility and volume tend to taper off.

What are the hardest months to trade? ›

Unless you're a short-term trader, the worst months to buy stocks are usually November, December, and April.

What is the safest time to day trade? ›

The stock market has three trading sessions running from 4 a.m. to 8 p.m. Eastern time. The market is most stable at noon, making this the best time for beginner investors to buy shares. If you are investing for the long-term, there is no point trying to time the market.


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