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Market Review \ February 09, 2023
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Market Review \ February 09, 2023

Foreign

The speaker mentions the word "foreign" twice.

Speaker mentions "foreign"

  • The speaker says the word "foreign" twice.

Hello Hello Hello

The speaker greets the audience and talks about audio issues.

Speaker greets audience and discusses audio issues

  • The speaker greets the audience.
  • The speaker mentions having trouble with audio.
  • The speaker says they are new to live streaming.

Twitter Spaceman and Morning Discussion

The speaker talks about a Twitter Spaceman and discusses their morning discussion.

Speaker discusses Twitter Spaceman and morning discussion

  • The speaker mentions wanting to do a Twitter Spaceman.
  • The speaker talks about their morning discussion.
  • No timestamps associated with these bullet points.

Opportunity for Price Drop

The speaker discusses looking for an opportunity for price drop.

Speaker looks for opportunity for price drop

  • The speaker is looking for an opportunity for the price to drop below 4105.25 level.

Foreign

The speaker says the word "foreign."

Speaker says "foreign"

  • The speaker says the word "foreign."

Projections and Targets

The speakers talks about projections, targets, FIB tool, measured move idea, swing down, Larry Williams' Target Shooter approach, partial off, etc.

Speaker discusses projections and targets using FIB tool and measured move idea

  • At the beginning of the stream, the speaker talked about projections for targets.
  • Using FIB tool from one standard deviation basically a measured move using this High down to that low this low being a fulcrum point.
  • Speaker talks about Larry Williams' Target Shooter approach with just using the FIB tool right at this level here.
  • The speaker likes to get another partial off there.

New Week Opening Gap

The speaker discusses new week opening gap and levels on the chart.

Speaker discusses new week opening gap and levels on the chart

  • The speaker talks about nwog (new week opening gap).
  • Speaker shows a level here and the midpoint between that level which is the high on the new week opening gap which is technically Friday's closing price.
  • This is simply taking a fib and laying it on the low to the high finding 50 and then from 50 lay a fib there to here and the 50 behind that or you can just simply do a 25 50 and 75 level on your FIB.

Just A Little Bit More Honey

The speaker talks about small little volume, balance, zooming in, etc.

Speaker talks about small little volume, balance, zooming in, etc.

  • Small little volume and balance in here.
  • What's nice is you guys can actually turn this into real high definition and then zoom in on the chart so whatever doesn't appear all that crisp and easy to see you can zero in on an area.
  • The speaker mentions "just a little bit more honey."

Setting Targets and Focusing on Price Action

In this section, the speaker discusses his approach to setting targets and focusing on price action. He emphasizes the importance of not worrying about stop losses and instead focusing on price action.

Eyeballing Midpoint Between Targets

  • The speaker has already hit one target and is now looking at another.
  • He wants to see if it can go halfway between the target that has been met and the next level.
  • He will close one more contract if it reaches halfway.

Tape Reading and Taking Trades

In this section, the speaker talks about tape reading and taking trades. He emphasizes that he is not getting wrecked when he takes a trade, but rather engaging in a small trade to get a feel for what price is doing.

Not Worrying About Stop Losses

  • The speaker is not worried about his stop loss because he is focusing on price action.
  • He believes that this is important because today's market is fickle.

Learning from Mistakes

  • The speaker warns against taking trades based solely on what he says.
  • He encourages listeners to learn from their mistakes by engaging with charts themselves.

Embracing Uncertainty in Trading

In this section, the speaker discusses embracing uncertainty in trading. He emphasizes that traders need to embrace uncertainty and use demo accounts to get a feel for what price is doing before trading with live funds.

Engaging with Charts

  • The speaker encourages listeners to engage with charts themselves rather than relying solely on what he says.
  • This involves looking at specific candles and concepts to get a feel for what price is going to do next.

Fearing Missing Out on a Move

  • The speaker warns against fearing missing out on a move.
  • He believes that this is important because it can lead to impulsive trading decisions.

Trading Strategies and Risk Management

In this section, the speaker discusses his trading strategies and risk management techniques.

Going Short

  • The speaker feels guilty about taking a trade without informing his followers.
  • He tweets that he is going short, which attracts attention from his followers.
  • The speaker talks about the psychological effects of trading and how it can affect traders who miss out on a trade.

Analyzing Price Action

  • The speaker analyzes price action and focuses on the midpoint between two levels.
  • He identifies a level at 4103.25 and plans to take profit if it touches that level.
  • The speaker explains why he likes the idea of trading up into volume and balance before delivering away from it.

Risk Management

  • The speaker mentions that he only has two contracts left but is willing to risk hitting down a little bit deeper for here before getting out on that one.
  • He emphasizes the importance of risking it for the biscuit when trading.
  • The speaker takes off one tick to get to his desired level before taking profit.

Order Flow Analysis

  • The speaker shows viewers how to analyze order flow by looking at specific things that draw attention to certain levels.
  • He explains how he times his exits manually in order to get positive slippage in his favor.

Importance of Precision in Trading

In this section, the speaker emphasizes the importance of precision in trading and how it can help traders achieve their objectives.

Key Points

  • Improving one's skill set is crucial for better trading outcomes.
  • The speaker discusses the significance of specific price levels and candlestick patterns to determine market behavior.
  • It is important to watch how price reacts to specific levels and not read into them as trade entries.
  • The speaker uses PD arrays, fair value gaps, and volume imbalances as reference points for interpreting order flow.

Managing Trades with Precision

In this section, the speaker talks about managing trades with precision by setting criteria that must be met before closing a trade.

Key Points

  • The speaker shares his rule of pursuing perfection when looking for indications that a trade may no longer sustain or continue towards objectives.
  • He emphasizes the importance of sticking to rules over insignificant moves from where it was trying to get down to his objective.
  • The speaker explains how he neutralizes stop losses likely to be hit if necessary and does not let those thoughts affect him.
  • He discusses how reading and interpreting each individual PD array helps without having any depth of market on the right-hand side.

Understanding Price Action and Developing Your Own Trading Model

In this section, the speaker discusses the importance of understanding price action and developing your own trading model. He emphasizes that there are many different ways to trade successfully and encourages students to find their own unique approach.

Importance of Developing Your Own Trading Model

  • The speaker emphasizes the importance of understanding price action and developing your own trading model.
  • There are many different approaches to trading, and it's important to find what works best for you.
  • By watching price action and identifying specific elements such as PD arrays, breaker order blocks, fair value gaps, etc., you can develop a unique trading model that suits your personality and style.
  • A good mentor will give you the opportunity to discover yourself using their concepts and principles so that you can feel confident in yourself.

Learning from a Mentor vs Copying Them

  • The speaker acknowledges that he can come across as dogmatic at times but stresses that there are many different ways to trade successfully.
  • Each student can have a completely unique model using the same tools taught by the mentor.
  • It's important to have a mentor who allows you to bring something of your own personality, comfort level, and observations into your trading rather than just copying them.

Identifying Key Elements in Price Action

In this section, the speaker talks about how he identifies key elements in price action during his live streams on Twitter. He also mentions that he may not always be active on Twitter or during his live streams due to illness or other reasons.

Identifying Key Elements in Price Action

  • The speaker identifies key elements in price action during his live streams on Twitter, such as PD arrays, skill sets for reading price, and institutional order flow entry drill mitigation blocks.
  • He emphasizes that these elements will repeat over and over again and encourages students to pay attention to them.
  • The speaker mentions that he may not always be active on Twitter or during his live streams due to illness or other reasons.

Live Tape Reading

In this section, the speaker discusses the importance of doing live tape reading and how to do it effectively.

Importance of Live Tape Reading

  • Doing live tape reading is important.
  • Market replay is not as effective as watching the candle form in real-time.
  • Recording your screen and letting the chart paint while you're away is the best way to study at real-time.

Using OBS for Screen Recording

  • OBS is a popular medium for screen recording.
  • It's free to download and easy to use.
  • Set up your charts to record and go about your day while it records.
  • Use weekends for studying instead of watching sports.

Analyzing Price Movement

In this section, the speaker talks about analyzing price movement and identifying gaps in fair value.

Identifying Gaps in Fair Value

  • Look at the remaining balance of that gap between that high and this low.
  • If you were expecting price to go down to a certain level, look for setups where price goes straight up into a fair value gap with no overlap until a certain point.
  • This little area is like a pocket where paint wasn't evenly distributed on a wall.
  • This small area represents where there are porous little pockets where paint did not distribute on the wall.

Painting and Trading: The Importance of Efficiency in Price Delivery

In this section, the speaker discusses the importance of understanding price action and identifying inefficiencies in price delivery to make efficient trades.

Understanding Price Action

  • The nuts and bolts of price action are more beneficial than technical indicators.
  • Identifying areas where the market can replenish paint to the canvas is important.
  • Knowing where price is going to go is crucial for making efficient trades.

Efficiency in Price Delivery

  • Inefficiencies in price delivery occur when there are pockets or holes where price did not go back over.
  • The market has to continuously offer fair value, which evolves throughout the day.
  • Overlapping occurs in price action just like a painter overlaps when painting a wall.

Understanding Market Structure and Algorithmic Retail Logic

In this section, the speaker explains how to identify specific price levels using market structure and algorithmic retail logic.

Identifying Price Levels

  • The speaker identifies a specific area in price that shows where the bodies stop. The closing price on this candle is 41 16.75.
  • This signature shows the market's algorithmic retail logic, which is not commonly known or shared by traders.
  • Retail traders are inconsistent because they do not have a premise behind finding consistency. They constantly do something different and do not maintain a rigid approach with rule-based ideas.

Using Trend Lines

  • If you ask a thousand different traders to draw a trend line, they will all be different.
  • The speaker's rigid approach to rule-based ideas involves his PD arrays within the context of market structure and bias derived from a narrative leaning heavily on higher time frame premises.
  • Knowing very specific levels is crucial for consistent trading.

Algorithm Efficiency

  • The algorithm efficiently goes back and reprices old areas by overlapping them to ensure there are no seams.
  • Studying the bodies of candles tells the real story of what price is doing.
  • When entering trades in an area where there has been consequent encroachment, expect significant drawdown.

Understanding Time-Based Charts

In this section, the speaker explains the importance of time-based charts and how they can be used to identify market algorithms.

The Importance of Time-Based Charts

  • Lower time frame charts are not noise but rather provide information on what price is doing.
  • Whether you're looking at a chart with a shorter or longer timeframe, price is doing the same thing.
  • Time-based charts can be used to identify market algorithms.

Denying Evidence

  • People who deny the evidence laid in front of them trigger the speaker.
  • It's impossible to convince anyone that these things are being met because buyers and sellers use retail logic.
  • The speaker mutes people who deny evidence.

Identifying Market Algorithms

  • Overlapping into an area prevents any little Mohawks in the lawn.
  • The balanced price range between two candles' low and high provides a target level.
  • Measuring candlesticks that have bodies gives us a mean threshold.

Consequent Encroachment

  • If it were a gap like the sphere value Gap, consequent encroachment is permissible within a range.

Understanding Fair Value Gap

In this section, the speaker talks about fair value gap and how it can overshoot due to buying and selling pressure.

Fair Value Gap

  • The midpoint between the low and high of a balanced price range is 4117.50.
  • It's completely random how far the fair value gap can overshoot due to buying and selling pressure.

How Markets Work

In this section, the speaker discusses his experience with studying charts and turning points in various markets.

Studying Charts

  • The speaker started looking at charts and turning points in various markets such as bond market, S&P market, and currency futures.
  • He took all his money to buy more books and courses to learn more about these things.
  • The speaker challenges viewers to learn from him by seeing if what he teaches is really in the market.

Learning from Mistakes

In this section, the speaker talks about learning from mistakes when trading.

Closing Trades Too Early

  • Some viewers may think that closing trades too early was a mistake but there's a lesson in there.
  • When a level is nailed perfectly then moves lower leaving an area behind, it will trade up one more time before breaking lower again. This means that it's going back up into consequent encroachment of the gap midpoint.
  • As soon as it hits the midpoint, it's the last time it's going to do it because it has already gone up to the midpoint of that area.

Markets Are Not Random

In this section, the speaker emphasizes that markets are not random and challenges viewers to learn from him.

Markets Are Not Random

  • The speaker emphasizes that markets are not random and challenges viewers to learn from him.
  • He wants viewers to do well and not get hurt in trading.
  • The market is delivering into our objectives in the last hour of trading at 3 o'clock hour.

Understanding Price Delivery

In this section, the speaker explains how price delivery works and how it affects market efficiency.

Price Delivery and Market Efficiency

  • Price delivery is every time there's a new price tick and there's a new fluctuation in price.
  • Efficient pricing occurs when an asset is traded both directions between two specific handles.
  • The speaker measures how often the delivery of price passes through the same range of prices within a specific time frame.
  • The entire range between candle high and candle low is balanced, and it can go back up into the midpoint of that.

Using PD Arrays to Read Price

In this section, the speaker explains how to use PD arrays to read price.

Using PD Arrays

  • The speaker treats these PD arrays like support and resistance levels but with more specificity.
  • The algorithm goes into specific little signatures and price actions that cannot be hidden from traders.
  • Traders should not worry about losing access to candlestick data because it follows time, which is essential for efficient pricing.
  • Fair value Gap can be revisited entirely, as seen in reclaimed fair value gaps.

Revisiting Fair Value Gaps

In this section, the speaker explains what fair value gaps are and how they affect trading decisions.

Fair Value Gaps

  • A fair value gap occurs when there is no overlap between two candles' highs and lows.
  • Reclaimed fair value gaps are revisited entirely and treated as resistance levels.
  • Traders should not freak out when the market rallies back to these areas because there is a balanced price range behind it.

Understanding Fair Value Gaps and Market Analysis

In this section, the speaker explains how to identify fair value gaps and use them for market analysis. He emphasizes the importance of studying charts, backtesting, and tape reading to become proficient in trading.

Identifying Fair Value Gaps

  • Retracements back up into a fair value gap are reasonable.
  • The speaker calls out specific fair value gaps that traders can use for analysis.
  • Traders should study old data, backtest, and tape read for months to learn how to identify these gaps.

Learning Market Characteristics

  • Traders will learn about market characteristics by looking at PD arrays.
  • The speaker emphasizes that lazy traders will not be able to learn how to trade effectively.
  • There is no shortcut to learning how to trade; it requires hard work and dedication.

Using Volume and Balance for Trading

  • The speaker demonstrates how he uses volume and balance for trading.
  • He warns against using supply and demand indicators or other indicators pushed on the masses by brokers.
  • Traders need insight into market movements that they cannot get from indicators alone.

Avoiding Human Error in Trading

  • Human error is inevitable in trading.
  • Traders must interpret price objectively while also trying to teach others.
  • The speaker encourages traders not to give up when they make mistakes but instead learn from them.

Unrealized Objectives

In this section, the speaker talks about how he was able to predict the market movement and how some traders missed out on it due to fear of failure.

Predicting Market Movement

  • The speaker predicted the market movement and shared it on Twitter.
  • The market moved as predicted, but some traders missed out due to fear of failure.
  • The speaker encourages traders not to worry about missing a move because they can always see these things occurring in price action.

Fear of Failure

  • Traders who have a deep-rooted fear of failing will make perfect excuses to justify why they're not going to try hard.
  • Some traders don't believe that they are deserving, which is a barrier to getting good at trading.
  • Traders should not make excuses for themselves and waste opportunities.

Understanding Liquidity Draw

In this section, the speaker talks about understanding liquidity draw as a trader's first hurdle.

Last Hour Trading Model

  • The last hour of the day is from 3 pm - 4 pm New York local time.
  • As a trader, you need to understand where the market is likely to go and what's the draw on liquidity.

First Hurdle: Liquidity Draw

  • Understanding liquidity draw is the first hurdle for traders. It may take time and practice, but it's essential for successful trading.
  • Entering trades becomes easy once you've conquered your fear of getting in.

Warning About Forex Trading

In this section, the speaker warns traders about trading in Forex markets.

Unethical to Not Warn

  • The speaker believes it would be unethical for him not to warn traders about the risks of trading in Forex markets.
  • Traders who choose to trade in these markets and get burned cannot blame the speaker because he has warned them multiple times.

Forex Trading Strategies

In this section, the speaker talks about the type of move that is expected to happen in Forex trading and how it differs from other types of moves.

Types of Moves in Forex Trading

  • The speaker explains that the type of move expected in Forex trading will not be as drastic as what was seen during A.D pegging.
  • During A.D pegging, brokerages were shut down instantly due to the magnitude and speed of the move.
  • The speaker advises traders to prepare themselves for such moves.

Market Analysis

In this section, the speaker discusses market analysis and shares his thoughts on a particular level.

Thoughts on 4088 Level

  • The speaker mentions that 4088 was the last level he had noted down.
  • He did not expect it to be reached so soon but thinks it might trade into it tomorrow.
  • He also mentions that if traders want to know more about this level, they should look at their charts.

Tom Hogar's Presentation

In this section, the speaker talks about Tom Hogar's presentation and how he found it amusing.

Amusing Presentation by Tom Hogar

  • The speaker finds Tom Hogar's presentation funny and entertaining.
  • He mentions that Tom sounds like Arnold Schwarzenegger and is usually very sophisticated in his presentations.
  • However, today he got animated and made some jokes which had the speaker laughing out loud.

Afternoon Session Trading Strategy

In this section, the speaker discusses a trading strategy for afternoon sessions.

Afternoon Session Trading Strategy

  • The speaker suggests focusing on trading during a small window between 3 pm to 4 pm if you are an afternoon session trader.
  • This allows traders to have a concise and encapsulated sample set of data to work with.
  • The speaker also advises traders to focus on the New York session when trading Forex as it provides added benefits.

Trading in Higher Time Frame Charts

In this section, the speaker talks about trading in higher time frame charts and how it can help avoid getting whip sawed.

Trading in Higher Time Frame Charts

  • The speaker suggests focusing on trading in higher time frame charts as it helps avoid getting whip sawed.
  • He advises traders to focus on London's market bias and trade accordingly during the New York session.

Trading Strategies for Afternoon Traders

In this section, the speaker discusses trading strategies for afternoon traders and emphasizes the importance of studying price around 1:30 PM.

Key Points:

  • Manipulation that goes against the stops of the morning session may occur at noon to 1:30 PM.
  • Focus on studying price around 1:30 PM to find high probability draws on liquidity.
  • Use daily, four-hour, and one-hour charts to identify where liquidity is drawing to and where the overwhelming magnet is being used as a target price.

Starting Your Trading Session at 2:45 PM

In this section, the speaker suggests starting your trading session at 2:45 PM if you don't want to spend a lot of time trading.

Key Points:

  • Take 15 minutes before starting your session to go through your charts and see what has happened so far.
  • Identify where liquidity is drawing to and what the overwhelming magnet is being used as a target price.
  • Look for PD arrays, fairway gaps, institutional order flow entry drills, breakers order blocks, fair value gaps, balance price ranges, and mitigation blocks.

Using Weekly Charts to Determine Direction of Movement

In this section, the speaker discusses using weekly charts to determine whether it's more likely for prices to expand higher or lower.

Key Points:

  • Use weekly charts to determine direction of movement.
  • Don't try to predict closing prices on weekly charts by compressing everything into small one-hour time frames.
  • Focus only on looking for PD arrays that make sense and are easiest for you.

Missing Trades and Reference Points

In this section, the speaker talks about missing trades and reference points for potential turns.

Key Points:

  • If a PD array doesn't form well, you will miss the trade.
  • Focus on looking for PD arrays, fairway gaps, institutional order flow entry drills, breakers order blocks, fair value gaps, balance price ranges, and mitigation blocks.
  • Two reference points for where potential turns would occur are watching the volume and balance and a perfect delivery to a level where it should stop.

The Misdirection of Indicators

In this section, the speaker discusses how indicators can be a distraction from what's really happening in the market.

Key Points:

  • Algorithms exist whether you choose to believe it or not.
  • Don't focus on RSIs or other indicators as they can be misdirections.
  • Market structure shifts only need to pierce but don't necessarily have to close below.

Trading Strategies for Last Hour Trading

In this section, the speaker discusses trading strategies for last hour trading.

Key Points:

  • Watch the run-up into volume and balance at 3 PM.
  • Look for respect of that level and whether it holds back price.
  • Identify favorite levels such as fair value gaps after swing lows are taken.

Trading Strategies

In this section, the speaker discusses trading strategies and how to identify key market structures.

Identifying Market Structures

  • The speaker identifies a range of 98.25 to 98.50 as a potential area for democracy gravitation.
  • The speaker outlines signals for trading up into employment balance and creating a swing low.
  • The speaker emphasizes the uniqueness of his teachings and mentions that big-name authors have been talking to him in private for years.

Understanding Price Action

  • The speaker stresses the importance of taking notes and listening carefully to his teachings.
  • The speaker explains how to trust the ICT to leave stop losses where they are placed.
  • The speaker acknowledges that he tends to ramble but encourages listeners to stay focused on his teachings.

Using Entry Techniques

  • The speaker discusses how a shift in market structure can prepare traders for upcoming changes in price action.
  • The speaker explains how he would use entry techniques when selling short during bullish candles.

How to Choose a PDA Race

In this section, the speaker discusses how to choose a PDA race and what to look for in one.

Choosing a PDA Race

  • When choosing a PDA race, it's important to do the work and figure out which one you like by looking at real-time data.
  • Be content with the idea that not every price run will have your specific PD array in the beginning. This teaches you to be patient and highly selective about trade setups.
  • Overindulging is problematic in this industry because it can lead to blowing your account even with a high success rate. Pyramiding and building big positions is not the answer.
  • Learn one PD array well and be comfortable seeing it always forming in the setups that you're looking for.

Limitations of Specific PD Arrays

  • Not all PD arrays are going to form in every price run, but that's okay. You have to grow by watching price action without pushing a button.
  • Don't look at limitations as something that will always be there. Instead, learn from them and grow as a trader.
  • Have criteria for when you'll stop taking entries or adding pyramid positions. Otherwise, you'll treat everything as a reason to get in.

Lessons Learned

  • The speaker learned the hard way about treating everything as an opportunity to get in. It's important to have limitations on when you'll stop taking entries or adding pyramid positions.
  • Inverted pyramids can lead to large position sizes that evaporate open profits with even a small retracement.

Building a Position within Price Action

In this section, the speaker discusses how to build a position within a small segment of price action below an area where they don't think it's going to go back to. They explain how they would enter on volume and balance and add more as the market breaks down.

Building a Position

  • Start at square one and see how far the market went down before it turned around.
  • The low is 78.75, and 78.25 is the lowest point.
  • Add to your position in a small segment of price action below an area where you don't think it's going to go back to.
  • Cut the original position size and leverage in half as the market breaks down.
  • Trust experience when building positions.

Consequent Encroachment in Wicks Midpoint

In this section, the speaker explains what consequent encroachment is and how it can act as support or resistance. They also discuss why they want to see candles immediately overlap with wick midpoints.

Consequent Encroachment

  • Measure Wick range for consequent encroachment at 4100.75.
  • Open on candle is 4100.75, which is consequent encroachment.
  • Market goes up slightly to make it seamless but not bump up right away.
  • Algorithm kicks in ten minutes before buy side appears.
  • Add more contracts at volume imbalance and allow for price trade up into consequent encroachment of the Wick.

Understanding Price Movement

In this section, the speaker explains how to read price movement and understand market balancing and repricing.

Reading Tape and Market Balancing

  • The speaker explains that reading tape involves weighing out whether or not the market continuously keeps balancing and repricing.
  • The speaker highlights a range between two candle highs and lows, explaining that there is no necessity to enter back into this range if the target has been reached.
  • The speaker notes that buying and selling pressure had nothing to do with it not going back up into that level.

Converging Factors in Price Movement

  • The speaker notes that there is a convergence of factors coming together when looking at price, including consequent encroachment of the wick, algorithmic smart money composite men engage, mean threshold, etc.
  • When watching price, one should decipher whether feedback from price supports the idea that it wants to keep going lower.

Balanced Price Range

  • A balanced price range is explained as a range where both directions of buy side and sell side have been delivered between two points.
  • There's no need to worry about an old low because it's already done its work by going back and forth between two candles.

Understanding Efficiently Delivered Price

In this section, the speaker explains how to identify efficiently delivered price and inefficient price ranges.

Identifying Efficiently Delivered Price

  • Efficiently delivered price is when the market trades back and forth between defined price points.
  • The range between two price points must be overlapped in both directions for it to be considered efficiently delivered.
  • If a candle's low is lower than the previous candle's low, then it creates an inefficiency in the market.
  • The identification of inefficiency is always the candle in the middle, and that segment of price action becomes your fair value gap.

Time of Day Trading Strategies

  • Late in the day with time of day 15:24 (3:24 PM New York local time), liquidity aggressively reaches its peak for the day.
  • At 15 minutes before close, if you haven't already seen a run on liquidity, it's going to really aggressively run on liquidity that has not been tapped into yet.
  • Retail traders should avoid trading during listless times between highs and lows because they can get caught up in a mess.

Understanding Mean Threshold

  • Mean threshold is what you could reasonably trade at without upsetting anything in the market.
  • When mean threshold is never hit, any further advancement lower becomes your new balance price range.
  • Market wants to trade away from balance price range but will run towards liquidity late in the day.

Trading Strategies for Afternoon Market Reversals

In this section, the speaker advises against fading afternoon market reversals close to 4 o'clock as it may ramp up against traders. The composite man can use order flow to balance books and facilitate transactions.

Afternoon Market Reversals

  • Never fade afternoon market reversals close to 4 o'clock as it may ramp up against traders.
  • The composite man can use order flow to balance books and facilitate transactions.

Forex Trading Strategies

  • Use specific times of the day like London close between 10 am - noon New York local time to facilitate order flow coming in.
  • The London close condition allows all of the new volume coming into the marketplace short covering or selling logs that order flow they use that for the Commerce aspect of Forex.

Conclusion and Feedback Request

In this section, the speaker concludes by thanking his audience and requesting feedback on Twitter.

Conclusion

  • This has been a pretty profitable week in terms of learning teaching.
  • Speaker is happy with what was shared with everything delivered at its price.

Feedback Request

  • It would be an encouragement if you would give me some feedback on Twitter.
  • Speaker requests respectful feedback on Twitter but will mute disrespectful comments while others can still see them.
Playlists: 2023 ICT Mentorship
Video description

Government Required Risk Disclaimer and Disclosure Statement CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN Trading performance displayed herein is hypothetical. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance trading results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person’s investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual performance records the results may under or over compensate for such factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses to those shown. The risk of loss in trading can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. If you purchase or sell Equities, Futures, Currencies or Options you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain your position. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice in order to maintain your position. If you do not provide the required funds within the prescribed time, your position may be liquidated at a loss, and you may be liable for any resulting deficit in your account. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market makes a “limit move.” The placement of contingent orders by you, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.