什么 Is 流动性?
流动性 in SMC terms refers to clusters of stop loss orders sitting at predictable levels. Every trader places a stop loss, and those stops become 目标s for institutions who need counterparty orders to fill their positions.
Buy-Side 流动性 (BSL)
Stop losses above swing highs 创建 buy-side liquidity. 何时 price sweeps above a swing high, it 触发s these buy stops — creating sell orders that institutions use to fill their shorts. BSL 目标s: swing highs, equal highs, trendline liquidity, previous session highs.
Sell-Side 流动性 (SSL)
Stop losses below swing lows 创建 sell-side liquidity. 何时 price sweeps below a swing low, it 触发s sell stops — creating buy orders that institutions use to fill their longs. SSL 目标s: swing lows, equal lows, trendline liquidity, previous session lows.
Equal Highs and Equal Lows
何时 price 创建s two or more highs or lows at nearly the same level, it forms the most obvious liquidity pool. Every trader sees the double top or double bottom and places stops just beyond it. Institutions see a massive pool of orders waiting to be harvested. Equal highs and equal lows are almost always swept before a real move begins.
The 流动性 → Displacement → Order Block Cycle
This is the 完整 institutional cycle: price 目标s a liquidity pool, sweeps it, 创建s displacement and a new order block, then trends toward the opposing liquidity pool. Understanding this cycle lets you predict price movement before it happens.