Price Action Suite

Introduction

The Price Action Suite incorporates price action and time concepts as well as Smart Money Concepts (SMC).

SMC are a set of trading tools that, when combined together, allow for a more accurate view of the market. This enables traders to find more precise entry points before the price moves to the next liquidation level.

At its core, SMC is an interpretation of Price Action Trading. It utilizes proven trading principles but often gives them new names and places special emphasis on the underlying mechanisms. Essentially, it represents concepts that are already familiar to many traders, just in a different context.

Michael Huddleston, better known as "The Inner Circle Trader (ICT)," is often referred to as the founder of the Smart Money Concept. His approach aims to introduce traders to the nuances of the market, with a particular emphasis on strategies and philosophies surrounding Smart Money.

📄️ Market Structure

The market structure represents the dominant trend in the market. It is based on swing highs and lows. For instance if the price makes higher highs (HH) and higher lows (HL) the market structure represents an uptrend. Vice versa if price makes lower lows (LL) and lower highs (LH) the market trend is down.

📄️ Fair Value Gaps

A fair value gap occurs when there are inefficiencies in the market or imbalanced buying and selling pressures. Fair value gaps can become a magnet for the price before continuing in the same direction. Special attention should be paid to FVGs that are supported by support and resistance levels, as these offer a higher probability of success for trades.

📄️ Order Blocks

Order blocks are areas on the chart where a high concentration of limit orders was found in the past. They can serve as potential support or resistance areas. These represent areas in the market where there is an oversupply (supply) or an excess demand (demand). They are often key zones for potential turning points or continuations of the current trend.

📄️ Volume Imbalances

Volume Imbalances indicate a price gap from the previous close, but unlike gaps, there is no absence of trading activity within a specific price range.

📄️ Levels

One core concept in SMC is that price flows to areas of liquidity. Natural liquidity areas are the

📄️ Sessions

Sessions are the trading hours during which the banks are actively trading. The three main trading sessions:

📄️ Killzones

A killzone in trading refers to a specific time period during the trading day when the market experiences increased volatility and liquidity. It is an opportunity for traders to capitalize on potential price movements and generate profits. There are several different killzones during the day.

📄️ Strategies & Models

Here you can find some simplified SMC strategies, which were introduced by ICT and his community.