Smart Money Concept PA 1/3 - FVG, IMB (SMC Tading PL)

Summary

In this video, the speaker delves into key trading concepts of the Smart Money Concept (SMC), focusing on the Fervalio Gap (FVG) and Volume Balance (VB). These concepts emphasize the importance of reading price action and market structure without relying on indicators. The Fervalio Gap represents an imbalance in price movement, often signaling a potential price return. Volume Balance highlights gaps between candle openings and closings, crucial for understanding market behavior. The speaker encourages viewers to practice these methods, backtest strategies, and develop their own insights to improve their trading decisions, stressing the value of self-reliance in speculating.

Takeaways

• 😀 Fervalio Gap (FVG) is a void created after a sharp price movement without correction, indicating a potential price return.
• 😀 The Fervalio Gap is identified using three candlesticks: the first, the second (middle), and the third. The middle candlestick is key to spotting the gap.
• 😀 Traders often focus on the Fervalio Gap as an attractive zone for either buyers or sellers, depending on market conditions.
• 😀 Dividing the Fervalio Gap in half and expecting the price to return to the midpoint is not always reliable, as it depends on the time frame and market conditions.
• 😀 Volume Balance occurs when the opening price of a new candle deviates from the closing price of the previous candle, creating a V-shaped imbalance.
• 😀 Volume Balance zones are often filled quickly, making them significant areas for potential price movements.
• 😀 The speaker encourages independent analysis, backtesting, and avoiding blindly following signals or courses from others in trading.
• 😀 Smart Money Concepts (SMC) focus on reading pure price action, rather than relying on technical indicators, providing an edge in market speculation.
• 😀 Both Fervalio Gaps and Volume Balance are fractal, meaning they can be observed on any time frame, from daily to weekly charts.
• 😀 Traders are advised to practice identifying Fervalio Gaps and Volume Balance on charts to improve their decision-making and trading strategies.
• 😀 The main takeaway is to develop a self-sufficient approach to trading by understanding market structures and using price action rather than relying on external signals.

The video is abnormal, and we are working hard to fix it.
Please replace the link and try again.