Price imbalances created by rapid institutional moves that the market often returns to "fill".
: Rebalancing inefficiencies left behind during sharp, impulsive market moves.
You may hear the terms ICT and Smart Money Concepts (SMC) used interchangeably, but there is a distinct difference. SMC is a broader framework that focuses on institutional footprints, popularized by the ICT community. However, ICT strategy trading is the original, more specific methodology. ICT goes beyond simple supply/demand zones to incorporate specific time-based models (like Silver Bullets), unique naming conventions (like "Judas Swing" or "Turtle Soup"), and a heavy emphasis on macroeconomic timing. In essence, SMC is a part of the larger ICT philosophy, but ICT is the more precise and rule-based system. inner circle trader ict forex ict notespdf
To succeed with ICT, you must master its specific vocabulary. These concepts form the backbone of the strategy.
4. The Dimensions of Time and Price: Power of Three & Killzones Price imbalances created by rapid institutional moves that
Good notes include screenshots of Order Blocks, FVGs, and Liquidity Runs.
Occurs when the price continues in the direction of the dominant trend, printing a new higher high in an uptrend or a lower low in a downtrend. SMC is a broader framework that focuses on
Identify the Fair Value Gap created by that aggressive displacement candle. Place a limit order at the open of the FVG.
Detail your Killzone hours, asset checklists (like EUR/USD, GBP/USD, and DXY correlation analysis), and daily bias rules.