The Smart Money Concepts Rule Book

What's inside

• 26 SMC and ICT terms, each one closed-candle rule: BOS, CHoCH, MSS, order blocks, breakers, fair value gaps, sweeps, OTE, killzones, SMT and more
• The comparisons traders search for, side by side: BOS vs CHoCH vs MSS, breaker vs mitigation vs order block, sweep vs grab vs breakout, FVG vs imbalance vs IFVG
• Every measurement we've published on these concepts, with its sample, period and costs, and why the book prints no win rate
• A diagram for every concept, each mark placed by the rule its chapter states
• Killzone, Silver Bullet and OTE settings worked to the clock and the price, daylight saving time and TradingView's Fib tool included
• A one-page cheat sheet, a printable checklist, a plan card and a trade log

Contents

1. 01
   What smart money concepts are, and where ICT's own words endA vocabulary for reading price, written here as checks on closed candles: every term, its test, and what no one has shown.
2. 02
   Market structure: swing points, BOS, CHoCH and the MSSThree names for a close beyond a swing. What differs is the direction before it, and what else has to be true.
3. 03
   Liquidity: equal highs and lows, inducement, and where the stops sitLiquidity is an assumption about where orders rest. Here is where the rules put it, and how to name a level before price gets there.
4. 04
   The liquidity sweep, turtle soup and the Judas swingOne picture, a wick through a level and a close back, on three clocks: any candle, a 20-day low, and the hours after midnight in New York.
5. 05
   Fair value gaps: the three-candle rule, imbalance and the inverseWick to wick, after candle 3 closes. Then the gap's life: the first touch, the fill, the close that ends it, and the flip.
6. 06
   Order blocks: which candle, which part of it, and when it's finishedNo break, no order block. The last candle that closed against the move, its body or its wicks, faded by a touch and ended by a close.
7. 07
   Breaker and mitigation blocksTwo zones made by a failure. One question names them: did the move before the break close beyond the last low?
8. 08
   Supply and demand zones vs order blocksThe base a fast move left from, drawn by one rule and set against the order block's. Mostly the trigger and the exit differ.
9. 09
   Premium, discount and the optimal trade entryWhich range sets the 50% line, where ICT's 62% to 79% band sits inside it, and how to set it up on TradingView.
10. 10
    Time: killzones, the silver bullet and the power of 3Fixed windows on the New York clock, what daylight saving time does to them on yours, and the one-hour and one-day setups built on them.
11. 11
    SMT divergence: the two-chart checkTwo markets that usually move together disagree at the same swing. The rule says how close in time "the same" has to be.
12. 12
    Entry models: sweep, shift, gap and block in one planThe searched models are one sequence with different parts swapped in. Write the whole plan down, from the level to the exit, before the session.
13. 13
    Win rates: what our data says, and why we print noneEvery measurement we've published on these concepts, with its sample, period and costs. None is a validated edge.
14. 14
    The cheat sheet and the checklist (print these)Two pages to keep beside the screen: every rule in a line, and the checks to run before every trade.

A look at the pages

Answers