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2
CONTENT
Acknowledgement …………….….…………………3
Dedication …………………….………....….…….…4
About The Author ………..……………………….…5
SESSION ONE: THE TERMS OF SMC STRATEGY
Module #1: STRUCTURE ………………..…….…4
● Bullish Structure
● Bearish Structure
● Ranging Market
Module #2: BREAK OF MARKET STRUCTURE.4
● Fib Level
Module #3: LIQUIDITY ……………….….….….…4
● Buy Stop Liquidity (BSL)
● Sell Stop Liquidity (SSL)
● Types Of Liquidity
Module #4: ORDER BLOCK …………………..…4
● Bullish Order Block
● Bearish Order Block
● LTF Order Block (SMALL Order Block)
● How To Identify A Valid Order Block
SESSION TWO: THE TOP DOWN ANALYSIS
Timeframe Analysis & Chart Examples
Zoom Calls For Review
3
ACKNOWLEDGEMENT
My special thanks goes to the Almighty God
for the Grace and Mercy I've found in His face.
I'm nothing without Him... I'm grateful for the
guide he gave me to write out this ebook to
change the life of the newbies, and struggling
traders finding their path in the industry we call
the Financial Market (Forex Trading).
I also want to appreciate my very good friends,
(Mr. Ilesanmi Iyanuoluwa CG), Adepoju
Samuel, and My beloved brother's (S.Samuel
and S.Solomon) for their support and their
believe in me. Thanks for the constant push up
and encouragement.
My Mentors, Mr Confidence (FIDZFX THE
CHART ADDICT), my daddy Ejimi Olufukeji
Adegbeye (Spiritual Father), and Mr FagSam
Otedola. I really appreciate your relentless
support and guidance in this industry. You all
made me believe FOREX IS NOT A SCAM. IT
ONLY TAKES THE STRONG TO STAY.
We'll all meet at the top. Amen!!!
4
DEDICATION
This book is dedicated to my parents; Mr and Mrs
Janet Soroyemu
5
ABOUT THE AUTHOR
Hey there!
Thank you for subscribing for the Inner Circle SMC Trading
Strategy.
Oluwaseun Soroyemu D is a Forex Enthusiastic, Chart Analyst,
Investor and Budget Coach in making.. He's a OND graduate of
Computer Science at Federal Polytechnic, Ado Ekiti, and is very
passionate about helping aspiring forex traders find their footing in
FX.
He's the founder of BBPIPSFX and it's an academy that has been
helping people achieve their Finance Goals through trading the
financial market (Forex Trading). The Goal of the academy is to
help people achieve financial freedom, teach and mould masters in
the financial market Industry.
In this book, I'll be revealing the secret of how the banks trade and
control the market in very simple and understanding ways that you'll
be able to get through within six weeks. This strategy is 80% - 95%
win rate if you implement and follow the guides how it's set
accordingly.
So I would want you to put your phone on aero mode and sit down
with a pen and book so as to grab every details you'll find super
interesting. So I pray God of Understanding stays and guides you
through all the two sessions and opens your eye of understanding.
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SESSION ONE:
THE TERMS OF SMC STRATEGY
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THE TERMS OF SMC STRATEGY
Smart Money is also called the Market Markers or
Liquidity provider. Why? Because they are the
largest institution (Banks and Large Financial
Companies) that cause or move the financial
market. They are also the largest in the market.
As the name implies Smart Money, they also
participate in the buy and sell price (i.e buying and
selling at the same time) with the hope of making
profits at both price holding. Whenever SM wants
to buy, they pair with the available buy orders.
Both Smart Money and Retail Traders are in the
market fighting for one thing which is to make
profit.
Approximately $5 trillion worth of forex
transactions take place daily, which is an average
of $220 billion per hour. So the forex market is
always an everyday opportunity to every trader to
make money without excuses. Now let's dove into
the main concept of Smart Money Concept… Are
you ready?? Yah Yah Captain lol
😂
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MODULE #1: STRUCTURE
STRUCTURE: WHAT IS STRUCTURE?
Market structure can be defined as the simplest
form of price movement in the market and is being
read as. It is basically support and resistance
levels on the charts, swing highs, and swing lows,
and range high and range low. These are levels
traders from all over the world see and it attracts the
most attention.
It can also be referred to as PRICE ACTION. So it
has been broken down to the simplicity of
understanding the market better with a view of the
chart. CHART can be represented by
CANDLESTICK, BAR AND LINES. These are what
gives us insight of what the trend (STRUCTURE OF
THE MARKET) is. Let me go short on this types of
chart indicators.
CANDLESTICK
Was developed in the 18th century by Munehisa
Homma, a Japanese rice trader.They were published
in 1991 when it was introduced to the Western World
by Steve Nison in his book Japanese Candlestick
Charting Techniques.
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They are often used today in stock analysis along
with other technical analysis of equity and currency
price patterns.
BAR CHART
Is reliable for technical analysis which is represented
as a vertical line in which the top indicates the high
price action and the bottom indicates the low. The bar
line has a left horizontal line which indicates the
opening price of the bar and off the right indicates the
low. OHLC - Open, High, Low and Close.
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LINE CHART
Is the most easy interpretation of the type of chart
that draws a straight line segment reading from one
closing price to the next closing price. It's as
complicated as the others because of the simplicity
but it doesn't provide the necessary information
needed for traders especially compared to other
charts.
The chart is a road map and It is like learning a
language. To understand how this chart works, you
have to know the types of structure printed by the
market or we can say the moves of the markets. We
have THREE type of structure/trend which are:
BULLISH/UPTREND: It's a move that signify the
price going high and higher and this is controlled by
the buyers in the market. When we have a lot of
people buying or rasing the value of an asset.
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It's normally printed as HH & HL (Higher High and
Higher Low). If you truly subscribe to the group,
you'll be taught in the class how it looks like.
BEARISH/DOWNTREND: Sellers in control pushing
the price down or either the asset is losing its value.
As a potential owner of the asset, you won't want to
keep it. So you sell it and this causes the market to
move downward.
Sellers' powers are known in the market as LH & LL
(Lower High and Lower Low).
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RANGING/SIDEWAYS MARKET: This indicates a
struggle between the buyers and the sellers. Price
hitting a support (buyers zone) and the resistance
(sellers zone) multiple times without a clear though of
who's in control of the market. It's advisable to avoid
this kind of market because we don't know the next
move of the market.
It's seen as RH & RL (Range High and Range
Low).
There's a saying "Market speaks. Traders listen".
So it's very important to always know and look
carefully at what the market is saying or printing in
terms of structure before making a decision to either
join the buy or sell.
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👀
The best indicator you can use effectively and won't
tell you lies is your EYE
. Make them useful by
letting them show you who's in control of the market.
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MODULE #2: THE CONCEPT OF BREAK OF
MARKET STRUCTURE
I know you'll want to say why is this necessary, we
can join the move when it's either buying or selling
off. I would take a No for you. Why? Because you just
made an irrational decision without a proper view of
the next move of the market.
The Market is designed for you to FAIL. Ask me why?
Because they are interested in your fuc*** money.
For you to avoid being a trap fish then, you have to
become a ForexFisherman.
For the market to move either bullish or bearish, a
shift or change of direction has to happen
beforehand. And it's called the BREAK OF MARKET
STRUCTURE (BOS/BMS).
The market is tense to move and retrace a little too
gives a clear direction of the price. The retracement
is what gives us a sharp eye to see how the market is
behaving. Let's take a bullish move attempting to go
downward.
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It was clearly said earlier that a bullish moves forms a
HH & HL, for the market to change from bullish to
bearish, it has to break/pierce the previous HL. When
it's broken, then it's clear that the seller are gaining
control of the market.
You can check out various chart example of a break
in market structure @ BBPIPSFX CHANNEL
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MODULE #3: THE CONCEPT OF LIQUIDITY
WHAT IS LIQUIDITY AND WHY IS IMPORTANT?
LIquidity can generally be known as the piercing of a
fake break out of the previous high or previous low.
When liquidity is taken, the market reverses with full
control/speed. The markets need to generate liquidity
in order to move, so if liquidity isn't already there, it
will be created.
Before I move to the kinds of liquidity, I want us to
know that we have only two types of liquidity which
are:
● BUY STOP LIQUIDITY (BSL)
● SELL STOP LIQUIDITY (SSL)
BUY STOP LIQUIDITY: This type of liquidity can be
identified below the support zone of price (i.e Price
took out the previous lows of support and eventually
broke the previous high which forms a higher high.
Therefore, a buy stop liquidity has been created by
the banks using or stopping out the retail traders in
the market. And there is liquidity below the double
bottoms, triple bottoms, quadruple, and whatever.
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SELL STOP LIQUIDITY: This type of liquidity can be
identified above the resistance level of price. The
banks broke the resistance level (fake breakout) and
sold aggressively. They already created a SSL above
the double top, triple top, quadruple, whatever.
KINDS OF LIQUIDITY
1. INTERNAL LIQUIDITY
2. EXTERNAL LIQUIDITY
3. STATICS LIQUIDITY
4. DYNAMIC LIQUIDITY
INTERNAL LIQUIDITY: This liquidity is created
within the Range High and Range Low, Previous
High and Previous Low, or Swing High and Swing
Low.
EXTERNAL LIQUIDITY: This liquidity can be
identified above Range High and Range Low,
Previous High and Previous Low, or Swing High and
Swing Low.
STATICS LIQUIDITY: This liquidity is created and
identified at a double bottoms or double top.
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DYNAMIC LIQUIDITY: This liquidity is usually
identified as a trend line. Price forming a trend within
the external liquidity. Liquidity is already created at
both sides of the trend (i.e up and down).
Trading Liquidity is very simple and easy. Whenever
Liquidity is created, it brings us to the concept of
order block. Which gives the Smart Money a chance
to place their orders/limits alongside the liquidity
they formed with institutional candles above or below
the zones. Manipulation is certain because they are
in control of the market.
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MODULE #4: ORDER BLOCK
ORDER BLOCK
We can call this a revenue or spot created by the
institutional banks to hide in while creating their
manipulating acts in order to trap the retail traders. It
is the final candle before an impulsive move that
leads to a break in market structure.
One mistake traders make is that they usually place
an order at either the HH or HL of price which is not.
The Financial Institutions or Banks spend a lot of
money on analysis to get the best trading results.
Since they cause most of the moves, they have to
create an order flow towards where they are hiding
(Order Block).
Mostly, Order Blocks are usually at the supply and
demand zones where it is very important to see the
structure of the market and the timeframe you'll be
using to identify your blocks. Order Blocks are found
on all time frames but it's best you trade blocks from
the HTF because it gives a clearer picture of what
you'll be either buying or selling.
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We have 2 (two) types of order block which are:
● Bullish Order Block
● Bearish Order Block
BULLISH ORDER BLOCK
This is the last down candle (bearish) before an
impulsive move to the upside which break the market
structure (HH). This candle is where the institution
has placed their orders/limits. So price will surely
retrace back to that candle to pick those orders
before the continuation of the bullish trends.
The entry line at the peak of the wick or candle
bodies and your stop loss will be below the candle
wick.
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BEARISH ORDER BLOCK
Bearish Order Block is the last bullish candle before
an impulsive move to the downside which breaks the
market structure (LL). This candle is where the
institution has placed their orders/limits. So price will
surely retrace back to that candle to pick those orders
before the continuation of the bearish trends.
The entry line at the peak of the wick or candle
bodies and your stop loss will be above the candle
wick.
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Mostly banks do fill their limits/orders almost to the
wick of the candle either at the top of demand or
below the supply areas. So this leads us to the
refinement of ORDER BLOCK using the lower
timeframe to get the exact block they hid in.
LTF ORDER BLOCK (SMALL ORDER
BLOCK)
It's also known as OB refinement whereby you refine
(look deep at the chart from the timeframe the OB
was identified to the lower timeframe mostly M1, M5
and M15). Risking small for bigger wins.
The reason why you need to refine your OB is
because it gives tighter stop loss, and usually
decreases our drawdown on our trade. It will also
give us the chance to increase our RRR on our trade
so we can get a better reward while risking low.
For example, an order block from a timeframe of H4
(4 Hours) would have a calculation of 25pips as a
stop loss but refined OB would give a minimum of
3-5pips stop loss.
Can you see the huge difference between the OB?
The only difference I see is the RISK.
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● BULLISH REFINED ORDER BLOCK
● BEARISH REFINED ORDER BLOCK
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SESSION TWO: THE TOP DOWN
ANALYSIS
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Congratulations to you if you truly read to the
end of chapter one without skipping any lessons.
The session two aspects will be taken in our
channel @The Real BBPIP$FX
So I would love you to join the channel so you
won't miss out on how to use this guide on your
pathway to profitable trading.
You can also connect with us through WhatsApp
@Message BBpip$ on WhatsApp
❤️
God bless you.
I love you all
©BBPIP$FX