ICT 2024 Mentorship \ How To Trade ICT FVGs Correctly \ September 16, 2024

Name: ICT 2024 Mentorship \ How To Trade ICT FVGs Correctly \ September 16, 2024
Uploaded: 2024-09-16T15:48:45.000Z
Duration: 4 h 24 min 8 s

Audio Check and Market Overview

Initial Audio Check

The speaker begins with a casual greeting, checking audio quality for the stream.

Acknowledges low volume issues; suggests listeners use headphones to improve sound clarity.

Market Opening Insights

Discusses the NASDAQ market opening, noting a new day opening gap from the previous Friday.

Mentions an overlay issue in his charting tool that needs correction regarding date display.

Market Analysis Techniques

Observations on Trading Gaps

Identifies a discount opening range gap and its midpoint, indicating potential bounce points.

Emphasizes patience during initial trading minutes, advising against premature predictions without observing price movements.

Fair Value Gap Discussion

Introduces the concept of fair value gaps and their significance in trading strategies.

Shares personal teaching moments with his son about identifying fair value gaps through trial and error.

Data Interpretation vs. Price Action

Trusting Price Over Data

Expresses skepticism towards economic data releases, advocating for reliance on actual price movements instead.

Critiques how market narratives often adjust based on data outcomes that contradict expectations.

Current Market Conditions

Describes a significant gap opening lower in the market, highlighting sell-side activity below certain levels.

Points out specific wick levels on charts that traders should monitor for potential trading signals.

Trading Strategies and Exercises

Practical Trading Exercises

Plans to introduce practical exercises using lower time frame charts to enhance understanding of market dynamics.

Understanding Fair Value Gaps in Trading

Introduction to Chart Analysis

The speaker discusses the importance of analyzing both one-minute and 15-second charts to establish a baseline for trading strategies.

Emphasizes the need to identify fair value gaps, providing examples that illustrate correct and incorrect interpretations.

Key Concepts in Trading

Highlights that practice is essential for mastering entry techniques; adverse results should not discourage traders as they are part of the learning process.

Mentions focusing on mini contracts initially, with plans to transition to December contracts based on market conditions.

Market Dynamics and Contract Rollovers

Plans to share insights about contract rollovers through community posts, explaining how specific numbers guide these decisions.

Differentiates between personal analysis and following popular social media figures for trading advice.

Analyzing Price Movements

Discusses observing price movements post-opening bell, particularly looking at volume imbalances on one-minute charts.

Expresses interest in whether prices will rebound into higher levels after initial drops.

Coaching Techniques and Fair Value Gaps

Reflects on past coaching methods, emphasizing the importance of understanding price behavior rather than just technical setups.

Describes a preference for seeing certain price patterns fail or succeed based on established criteria for fair value gaps.

Practical Application of Fair Value Gaps

Explains that valid fair value gaps consist of three candles; understanding this structure is crucial for effective trading strategies.

Addresses common questions from students regarding multiple fair value gaps and how to determine which ones to focus on during trades.

Understanding Candlestick Patterns and Stop Loss Placement

Key Concepts of Candlestick Trading

The discussion begins with the importance of identifying specific candlesticks in trading, particularly focusing on three key candles: the trigger candle and two others that help determine stop loss placement.

The second candle is highlighted as the ideal location for placing a stop loss, especially when using maximum leverage. Caution is advised against over-leveraging.

A conservative approach to stop loss placement is recommended for traders who prefer comfort over risk, suggesting that the first candle should be used for this purpose.

Entry Points and Market Movements

If market prices drop below a certain level, traders should look at the third candlestick as their entry point, ideally one tick below its high if they are confident in a downward movement.

Emphasis is placed on understanding fair value gaps rather than traditional supply and demand zones, indicating a shift in perspective regarding market analysis.

Fair Value Gaps Explained

The speaker discusses how to identify fair value gaps within price action and stresses that these gaps can indicate potential future movements in the market.

A balanced price range is introduced as an important concept; it helps isolate price actions that may not fill completely but still provide valuable insights into market behavior.

Validating Price Actions

The necessity of considering volume imbalances when drawing fair value gaps is emphasized. Traders are encouraged to use body sizes rather than wicks for accurate representations.

It’s crucial to observe how price interacts with previous candlesticks to validate trading decisions. This includes ensuring proper touchpoints between candlesticks for effective gap analysis.

Anticipating Market Reactions

The speaker notes that 70% of the time, mid-gaps get hit within the first 30 minutes after opening, providing traders with statistical insight into potential market behavior.

Understanding where price should revisit based on previous candles allows traders to anticipate movements effectively. This involves recognizing single deliveries between candlestick highs and lows.

Utilizing Fibonacci Levels

Using Fibonacci levels alongside horizontal lines can help identify significant points within fair value gaps. This technique aids in determining optimal entry points based on market trends.

Understanding Trading Zones and Fair Value Gaps

The Importance of Trading in Specific Zones

Not all traders will engage deeply; many may give up due to the effort required. Understanding trading zones is crucial for effective trading.

Traders should document specific price levels, such as the low of one candle and the high of another, to identify potential trading opportunities.

Utilizing Fibonacci and Fair Value Gaps

The speaker emphasizes using charts effectively by identifying fair value gaps and order blocks to ensure timely entries into trades.

When trading a bearish fair value gap, it's essential to know precise entry points, like just below the high of a specific candlestick.

Entry Strategies and Contract Management

A strategy involves entering short positions at calculated levels based on previous candlestick highs, with an example given about adding contracts at certain price points.

The speaker discusses entering multiple contracts based on market behavior, emphasizing practice for successful execution.

Managing Risk and Stop Losses

When prices reach higher premium levels, additional contracts can be added while maintaining a stop loss just above key candlestick highs to manage risk effectively.

Allowing wicks to breach certain levels is acceptable as long as body closures remain below critical thresholds; this indicates a controlled approach to risk management.

Understanding Losses as Learning Opportunities

Losses are framed positively; they provide valuable information about market movements and help refine future strategies.

Understanding Fair Value Gaps in Trading

Introduction to Fair Value Gaps

The fair value gap is introduced as a useful teaching aid, emphasizing the importance of timing when annotating charts.

The speaker expresses frustration with chart discrepancies caused by fast annotations and highlights the need for precision.

Building Positions and Entry Strategies

Beginners are advised against pyramiding positions; instead, they should focus on trading one contract using simple entry strategies.

Emphasis is placed on practicing with market orders initially to develop anticipatory price reading skills before transitioning to limit orders.

Market Orders vs. Limit Orders

The speaker advocates for exits to be executed on limits while suggesting that market orders should only be used in protective scenarios.

A stop hunt example illustrates how price movements can affect entry points, reinforcing the concept of strategic entries based on market behavior.

Trading Micro Contracts for Learning

New traders are encouraged to start with micro contracts rather than mini contracts, focusing on process over profit during their learning phase.

The importance of desensitizing oneself from monetary outcomes is stressed; trading should not evoke fear or excitement tied to financial results.

Developing Patience and Skill

Traders are urged to practice consistently without a strict time limit, ideally for at least a month, to build confidence and skill.

Regular practice helps eliminate fear and impulsive trading behaviors, allowing traders to recognize opportunities daily without pressure.

Analyzing Candlestick Patterns

A methodical approach is described for analyzing candlestick patterns: using specific highs and lows as indicators for potential trades.

Understanding Fair Value Gaps in Trading

Overview of Candlestick Patterns

The discussion begins with the market trading down to the upper quadrant, highlighting a gap between two candlesticks. This gap is crucial for identifying trading opportunities.

The speaker emphasizes the importance of understanding how to trade fair value gaps, including stop loss placement and formation details.

Volume Imbalance and Entry Strategies

The concept of volume imbalance is introduced, explaining how it relates to drawing down prices and identifying fair value gaps.

A focus on consequent encroachment levels is presented as critical for determining entry points when trading bullish or bearish scenarios.

Market Behavior Analysis

The speaker discusses observing market behavior, particularly regarding bullish entries forming at midpoint levels while leaving lower halves open.

Emphasis is placed on adding positions based on price movements relative to specific candlestick lows, indicating strategic entry points.

Trade Execution Insights

An example trade execution is provided, detailing potential slippage and drawdown experienced before a favorable turn in price.

Specific price levels are highlighted as essential for successful trades, reinforcing the need for precision in trading strategies.

Bullish Indicators and Market Accumulation

The analysis continues with observations about market behavior around fair value gaps, noting that if certain conditions are met (like leaving lower halves open), it indicates bullish sentiment.

Discussion includes expectations around market accumulation after significant price movements and the likelihood of hitting specific targets within set timeframes.

Managing Expectations in Trading

The speaker advises patience regarding hitting target prices within expected timeframes while acknowledging occasional deviations from patterns observed during mentorship sessions.

Observations about respecting fair value gaps are made, emphasizing that traders should look for consistent behaviors rather than reacting impulsively to short-term fluctuations.

Final Thoughts on Trading Strategy

A preference for clear upward movement above mid-gap levels is expressed over erratic wicking behavior that could indicate instability in trends.

Understanding Market Entry Strategies

The Importance of Timing in Market Entry

The speaker emphasizes the urgency to enter the market when conditions are favorable, indicating a preference for immediate action rather than hesitation.

They clarify that their approach is not about chasing profits but rather seizing opportunities at better prices than previously available.

A cautious strategy is discussed, where only one or two contracts are executed if the price remains low, avoiding larger positions to mitigate risk.

Analyzing Candlestick Patterns

The speaker introduces a specific candlestick pattern analysis, identifying three key candles and their significance in determining entry points.

They specify an exact entry point based on candlestick lows and emphasize confidence despite potential drawdowns during trades.

Unique Trading Insights

The speaker critiques conventional trading education, asserting that their methods offer unique insights into candlestick behavior that are often overlooked by others.

They highlight the importance of understanding algorithmic movements behind price actions which traditional teachings fail to address.

Risk Management and Stop Losses

A strong stance against fear of stop losses is presented; the speaker encourages traders to embrace them as part of a strategic approach rather than something to avoid.

They explain how being stopped out can indicate potential reversals in market trends, allowing for recovery with smaller position sizes.

Strategic Buying Techniques

The discussion shifts towards practical buying strategies within defined price ranges, emphasizing precision over randomness in trade execution.

Understanding Fair Value Gaps and Market Dynamics

Importance of Candlestick Behavior

The focus is on minimizing the time a candlestick spends in a fair value gap, ideally wanting it to enter only once or twice before moving upward.

Confidence increases as the price moves away from the fair value gap, reducing uncertainty about potential stop-outs.

Analyzing Wicks and Price Arrays

Fair value gaps and inefficiencies like wicks are crucial; bullish wicks should prevent trading into their lower halves.

Wicks above market price represent premium arrays, while those below indicate discount arrays, both functioning similarly to fair value gaps.

Practical Application in Trading

Understanding these concepts may seem complex initially but becomes clearer with practice and exposure to lectures.

Visual aids can help traders grasp these concepts better; screenshots of diagrams can be useful for annotations.

Market Environment Insights

Quick movements after creating a fair value gap suggest stronger confidence that the lower half will remain unfilled.

Traders often express their desire for certain levels to stay open during recordings of their executions.

Chart Analysis Techniques

Utilizing Fibonacci retracement levels helps identify key areas such as the lower quadrant level where prices tend to touch within specific time frames.

Observing previous day settlements provides context for current market behavior, especially when analyzing opening gaps.

Recognizing Trading Opportunities

Initial consolidation periods before significant drops indicate potential trading strategies; avoiding chasing quick moves is advised.

Understanding Trading Mindset and Market Behavior

The Importance of Personal Trading Pace

Emphasizes the need for traders to focus on their own strategies rather than trying to replicate others' successes. It's crucial to let trades run their course without unnecessary pressure.

Encourages a slow and steady approach, advising against the temptation to keep up with peers or feel rushed in trading decisions.

Identifying Market Patterns

Introduces the concept of a "swing low," explaining how specific candlestick formations indicate market behavior. A swing low is characterized by a candlestick that has higher lows on both sides.

Discusses the significance of recognizing inefficiencies in price movements, particularly during rapid declines, which can signal potential reversals or continuations.

Analyzing Price Action

Highlights the importance of understanding fair value gaps within price action. These gaps represent areas where buying and selling are imbalanced, indicating potential trade opportunities.

Describes how observing market reactions at certain candlestick closures can provide insights into future price movements, emphasizing the need for careful analysis.

Recognizing Inefficiencies and Reversals

Explains how algorithms may influence market behavior, suggesting that smart money players anticipate certain patterns and act accordingly when inefficiencies are identified.

Discusses strategies for entering trades based on observed inefficiencies, including looking for returns to these areas as potential buy signals.

Misinterpretations in Trading Education

Critiques common misconceptions in trading education, stressing that many instructors lack a deep understanding of market mechanics and often mislead students.

Understanding Trading Strategies and Market Dynamics

The Importance of Real-Time Demonstration

The speaker emphasizes the value of live demonstrations in trading education, stating that seeing strategies applied in real-time is more credible than learning from others who may not accurately represent the concepts.

Addressing Misrepresentation in Teaching

The speaker expresses frustration with individuals misusing their teachings, highlighting the importance of accurate representation and accountability in trading education.

Analyzing Market Gaps and Trading Logic

Discussion on fair value gaps, indicating that certain market movements should be interpreted as opportunities to go long rather than short based on market behavior observed during opening hours.

Critique of Rebranding Concepts

The speaker criticizes those who rebrand established trading concepts (e.g., turning an order block into a "W-E block"), suggesting that such changes dilute the original meaning and effectiveness of these strategies.

Understanding Retail Trader Behavior

Insights into retail trader psychology are shared, particularly how misconceptions about market movements can lead traders to make poor decisions based on false signals like wicks indicating rejection.

Time Distortion Effects on Trading Decisions

The speaker explains how time distortion can confuse traders, leading them to misinterpret market conditions. They advocate for a deeper understanding of market dynamics to avoid common pitfalls.

Authority Through Experience

A sense of authority is derived from personal experience; the speaker reflects on their journey from being a retail trader to gaining expertise, which allows them to predict market movements effectively.

Learning from Past Mistakes

The speaker shares their past experiences with traditional retail trading courses, emphasizing the financial losses incurred while learning ineffective strategies before discovering more reliable methods.

Recognizing Market Patterns

Observations are made regarding specific price patterns (like wicks), where many traders incorrectly assume future price directions based solely on superficial analysis without understanding underlying logic.

Strategic Entry Points for Trades

Discussion focuses on identifying optimal entry points within a trade setup by recognizing when public sentiment leads to selling pressure that creates buying opportunities for informed traders.

Targeting Fair Value Gaps

Emphasis is placed on targeting fair value gaps as potential exit points or profit-taking areas during trades, encouraging traders to focus on logical targets rather than arbitrary levels.

Simplifying Trade Execution

Recommendations are made for new traders to seek out low-hanging fruit opportunities—simple trades with clear exit strategies—to build confidence and experience in executing trades successfully.

Clarification of Fair Value Gap Timing

A correction is issued regarding timing errors related to fair value gaps; it’s clarified that these gaps cannot appear until after specific time markers in trading sessions.

Understanding Market Dynamics and Trading Strategies

The Importance of Targeting Price Levels

The speaker emphasizes the significance of identifying price levels where the market is likely to gravitate, particularly within the first 30 minutes after market open.

A 70% probability exists that prices will reach the midpoint of the opening range gap, which serves as a critical target for traders.

Recognizing inefficiencies in price movement is essential; mistakes can occur if one fails to identify key candles during trading sessions.

Analyzing Price Gaps and Liquidity

The discussion highlights whether certain gaps represent selling opportunities; it’s noted that they often do not due to expected upward movements towards higher liquidity levels.

Traders should focus on macro timeframes (e.g., 10 minutes after market open) to understand broader trends and potential price movements toward inefficiencies or liquidity.

Trading Bias and Market Behavior

Understanding that markets do not always trade directly to identified levels is crucial; a 70% success rate does not guarantee outcomes.

Identifying fair value gaps helps traders anticipate potential support areas, allowing them to make informed decisions about buying or selling.

Interpreting Candle Patterns and Market Sentiment

The speaker discusses how candle patterns can indicate balanced price ranges, influencing expectations for future rallies or declines.

Observations are made regarding primary buy-side liquidity created by breaking previous highs, which informs trading strategies moving forward.

Key Levels and Record Keeping

Traders are advised to maintain notes on significant price levels (e.g., 19463), as these serve as reference points for future trades.

Emphasizing the importance of recording observations during live trading sessions ensures traders remain engaged with real-time data rather than relying solely on charts post-session.

Market Analysis and Trading Strategies

Understanding Inversion Fair Value Gaps

The speaker discusses a previous sell-off into an inversion fair value gap, suggesting it as a straightforward trading setup that could be beneficial for beginners.

Emphasizes the importance of monitoring price action around this gap; if prices trade down into it, it may serve as a stepping stone to reach minor buy-side targets.

Monitoring Price Inefficiencies

Highlights the significance of inefficiencies in price movement, indicating that support should be sought at specific levels. If these levels are breached, it suggests potential further declines.

Expresses preference for targeting minor buy-side areas while being cautious about stop hunts that could occur during market fluctuations.

Analyzing Market Sentiment

Encourages traders to reflect on recent market trends—whether long or short positions have been more profitable—to inform their strategies moving forward.

The speaker shares personal insights on teaching trading concepts to his son, illustrating the challenges of conveying complex ideas simply and effectively.

Teaching Trading Concepts

Reflecting on the learning process, he notes how initial expectations can differ from reality when trying to teach someone new about trading dynamics.

Acknowledges the emotional aspect of wanting his son to grasp these concepts easily but recognizes that understanding requires effort and practice.

Importance of Chart Analysis

Discusses the necessity of having comprehensive charts with various indicators to fully appreciate market dynamics and make informed decisions.

Stresses that observing inefficiencies can provide critical insights into potential price movements and trader behavior within specific ranges.

Experience vs. Learning Curve

Shares thoughts on how experience shapes understanding in trading; newcomers should focus on clear setups rather than overcomplicating their analysis.

Market Analysis and Trading Strategies

Understanding Price Action and Candlestick Patterns

The speaker discusses the importance of a specific candlestick pattern that could indicate whether the market will move higher or not, emphasizing the significance of trading above certain price levels.

The focus is on identifying bullish opportunities, with the speaker expressing a desire to execute a trade during the session rather than ending it without taking action.

A critical threshold is introduced: if prices close below a defined mean threshold, it signals weakness in bullish momentum. The speaker notes that while prices can dip below this level temporarily, sustained closures below are concerning.

Analyzing Market Dynamics

The discussion highlights potential scenarios where price may retrace to previous lows, indicating market weakness. The ideal scenario would see prices maintaining strength above key levels.

The speaker clarifies their trading approach by focusing on fair value gaps rather than order blocks, suggesting that understanding price action logic is crucial for effective trading decisions.

Identifying Trading Opportunities

A potential fair value gap is identified as long as certain lows remain intact. This indicates possible future trades if conditions align favorably.

Immediate rebalancing is discussed; if prices touch specific candlestick lows, subsequent candles are likely to continue in the same direction unless significant resistance occurs.

Strategic Trade Execution

Emphasis is placed on monitoring price behavior within specific ranges. If prices stay within lower thresholds without breaking higher levels, it suggests further downward movement may occur.

The analysis of candlestick structure reveals that if prices reach midpoint thresholds without showing strength, it indicates potential weakness and an opportunity for short positions.

Setting Profit Targets and Risk Management

The speaker outlines their target range for trades (15 to 20 handles), stressing that smaller targets (like 10 handles) may not be worth pursuing due to market volatility and consolidation risks.

A clear rationale for aiming for larger profit margins is provided; achieving at least 20 handles should theoretically allow traders to secure 15 handles as profit objectives effectively.

Understanding Market Dynamics and Risk Management

The Importance of Risk Models

Discusses the necessity of risk models in trading, particularly in volatile markets like NQ, where small movements can lead to being stopped out despite being correct about market direction.

Emphasizes the importance of setting appropriate risk measures, indicating that a 10-handle movement is not ideal for trading strategies.

Analyzing Market Structure

Highlights the significance of identifying key levels such as order blocks and lows taken out, which can indicate potential bullish reversals.

Introduces the concept of tracking candlestick patterns and their relation to entry points and stop-loss placements.

Trade Execution and Monitoring

Suggests documenting trade experiences by noting how long it takes to get stopped out or reach targets, emphasizing learning from each trade.

Encourages practicing on lower time frames for more opportunities while stressing that accuracy isn't always necessary; it's about desensitizing oneself to market fluctuations.

Understanding Market Psychology

Explains how traders often react based on previous price movements, leading them to believe prices will continue in a certain direction (e.g., shorting after a downtrend).

Describes how retail traders may be misled by breakouts below key levels, creating false confidence in continued downward movement.

Strategies for Effective Trading Practice

Advises against relying solely on past performance when entering trades; instead, focus on current market conditions and potential outcomes.

Stresses that during practice sessions, the goal should not be monetary gain but rather understanding trade mechanics and objectives without anxiety.

Progressing Through Trading Exercises

Outlines a structured approach to trading exercises over weeks until comfort with execution is achieved without anxiety.

Mentions moving from initial partial objectives towards larger targets as confidence grows in executing trades effectively.

Setting Realistic Trade Expectations

Concludes with advice on framing trades realistically—understanding that not every trade needs to hit maximum targets but should have defined movement potential.

Understanding Market Orders and Entry Points

The Importance of Market Orders

The speaker emphasizes the significance of using market orders, explaining that traders often misunderstand their execution and pricing.

He shares his experience trading live, asserting that he is not afraid to demonstrate this process during streams.

Ideal Entry Points

The ideal entry price for a trade is identified as 33925, with a slight adjustment to 33933.5 for optimal filling.

The speaker reflects on his actual fill at 342, noting the importance of accuracy in providing specific trading rules.

Analyzing Drawdown

A discussion on drawdown reveals that the difference between target and actual fill was minimal, indicating effective trade management.

He highlights the need to observe minor buy-side movements to understand potential drawdowns better.

Managing Emotions in Trading

Cultivating a Boring Mindset

The speaker stresses the necessity of maintaining a calm demeanor while trading, suggesting that excitement can lead to poor decision-making.

New traders are advised to approach trading sessions with boredom rather than excitement to enhance focus and clarity.

Emotional Engagement During Trades

He discusses how feeling emotional engagement during trades can be beneficial but warns against letting it cloud judgment.

Traders should aim for a balance where they feel engaged without being overwhelmed by emotions.

Guidelines for Live Trading Sessions

Caution Against Following Trades Blindly

A warning is issued against taking trades based solely on his live demonstrations; he emphasizes personal responsibility in trading decisions.

The speaker expresses concern about viewers overleveraging their accounts based on perceived success from his trades.

Setting Boundaries with Viewers

Understanding Market Dynamics and Trading Strategies

Anchoring to Price Ranges

The speaker discusses anchoring a 20 pip range, indicating that this is the target for price movement. They express confidence in the market reaching relative equal highs as a first partial target.

The concept of a "fair value gap" is introduced, emphasizing its importance as an entry point for trades based on market dynamics.

Fair Value Gaps and Imbalances

A fair value gap is identified between specific candlestick highs and lows, highlighting its significance in trading decisions.

The speaker notes that the price touched a specific candlestick low (339.25), which serves as a critical reference point for potential trades.

Execution Strategy

The execution strategy involves entering at market prices just above significant levels, with emphasis on precision in timing when placing trades.

The speaker stresses the importance of practice over being right initially, encouraging traders to engage with charts actively to learn effectively.

Learning Through Experience

Emphasizes that losses are part of the learning process; understanding chart patterns is crucial for developing trading skills.

Highlights the limitations of static charts compared to live trading experiences, advocating for real-time observation to grasp market movements better.

Precision in Trading

Discusses avoiding trades that draw down significantly; instead, traders should focus on identifying where markets are likely to move efficiently.

Introduces macroeconomic factors influencing trading decisions and emphasizes understanding timeframes related to candle formations.

Advanced Trading Techniques

Describes advanced techniques such as observing wicks on candles and their implications for trade entries and exits.

Encourages traders to seek near-zero drawdown entries while maintaining high precision in their strategies.

Trusting Market Patterns

Stresses the need for trust in observed patterns over time; new traders should be patient before fully relying on these insights.

Advises against mentors who cannot demonstrate algorithmic knowledge or effective trading strategies through practical examples.

Risk Management Strategies

Discusses stop-loss placement strategies based on candle formations and gaps, promoting careful risk management practices among traders.

Market Dynamics and Trading Strategies

Understanding Bullish Market Scenarios

A bullish market scenario is ideal when the price only drops into the upper half of a gap, leaving the lower half untouched, indicating strong bullish sentiment.

Observing price action is crucial; traders should focus on whether the market takes out short-term highs and where it consolidates, particularly around buy-side liquidity.

Critique of Trading Mentors

The speaker expresses strong skepticism towards ICT (Inner Circle Trader), labeling him as a fraud and advising against following his teachings.

The speaker emphasizes their own trading experience by demonstrating actual fills on charts, contrasting with others who do not provide live trade examples.

Trade Execution Insights

The discussion highlights a specific entry point on a candlestick chart, noting minimal drawdown before the market moves favorably.

Emphasizes the importance of tracking how long trades take to move into profit, suggesting that extraordinary results require unique approaches rather than conventional methods.

Analyzing Trade Performance

The speaker discusses analyzing trades within specific time frames (e.g., 1050 to 1110), asserting that there are no algorithms involved in this analysis.

They mention costs associated with trading (e.g., broker fees), illustrating how low expenses can lead to significant profits from successful trades.

Final Thoughts on Trading Discipline

The speaker encourages viewers to reflect on their mentors' capabilities compared to their own demonstrated success in trading.

Understanding Trading Strategies

The Importance of Execution in Trading

The speaker emphasizes the need to focus on execution rather than getting bogged down by charts and technical jargon. They advocate for a straightforward approach that involves pressing a button to execute trades effectively.

The speaker expresses confidence in their trading abilities, stating they can perform these strategies daily and looks forward to seeing others succeed as well. This highlights the potential for empowerment through learning effective trading techniques.

A strong assertion is made regarding critics who cannot replicate successful trading strategies. The speaker believes that understanding the underlying reasons for market movements is crucial, suggesting that many will fail to grasp this complexity.

The concept of an algorithm driving price levels is introduced, indicating that prices are predetermined regardless of market activity. This suggests a systematic approach to understanding market dynamics beyond mere transactions.