For all my 5 months in trading, I'm learning only technical analysis but now everyone is talking about the concept of "Smart Money". So I think that trading is changing and speculators should stop trading based on technical analysis. Or smart money just a concept that cannot possibly work in the market,
I will always go with Technical Analysis. You will see it, most professional traders and profitable are technical people, those traders who are technical are smart enough to analyze charts and price actions.
We can't say the smart money is just a concept, for sure it also works but we should just not disregard the technical analysis.