Glossary
Terms, defined plainly
- EMATechnicals
- Exponential moving average, weighting recent prices more heavily so it reacts faster than an SMA.
- Lesson: Moving averages
- Equal highs / equal lowsSMC
- Two or more swings within a small tolerance of each other; treated as an obvious liquidity pool.
- Lesson: Liquidity pools, equal highs/lows and sweeps
- Micro contractFutures
- A smaller version of a standard futures contract, such as MES relative to ES.
- Lesson: Position sizing with ES and MES
- SMATechnicals
- Simple moving average: the mean of the last N closing prices, recalculated each period.
- Lesson: Moving averages
- Smart Money Concepts (SMC)SMC
- A discretionary framework for labelling price action (structure, liquidity, FVGs, order blocks). Definitions vary among practitioners; it does not reveal real institutional orders.
- Lesson: Market structure and swing points