What is Smart Money Concept?
Surely google can answer that. How about you try that first and ask questions about it later
There’s no such thing as smart money, it’s an advertising phrase, like “new and improved!”.
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Are you saying that Michael Huddleston didn’t create the algorithm that controls the markets and shared it with us? I can’t believe it…
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It’s the Dumb Money Concept, in reverse.
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Smart Money Concept is a trading idea that focuses on following what the “big players” (like banks and hedge funds) are doing in the market.
Good marketing is what it is!
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Smart Money Concept is about following the moves of big players (like institutions) in the market. It focuses on spotting patterns they create, like key support/resistance levels, to anticipate price action.
Just call Sony, Hitachi, Honda, Toyota and ask their finance desk where they have their offers at on UsdJpy.
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Support/resistance, price action concepts renamed to sound fancy. Even the silver bullet strategy from SMC is just a break and retest of a 1 hour S/R zone
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