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2022 ICT Mentorship Episode 35
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2022 ICT Mentorship Episode 35

Overview of the E-mini S&P Daily Chart

The speaker discusses the E-mini S&P daily chart and highlights a potential bullish move.

Analysis of the Daily Chart

  • The speaker points out a bullish move on the E-mini S&P daily chart.
  • There is anticipation for an upward continuation towards a higher level.
  • The speaker mentions specific areas to watch for potential market movements.

Candle Analysis and Bearish Order Block

The speaker analyzes candle patterns and identifies a bearish order block.

Candle Analysis

  • The speaker explains how to analyze candles within the context of a bearish order block.
  • Specific levels are mentioned as key areas to monitor for potential market movements.

Mean Threshold and Sensitivity Areas

The speaker discusses the mean threshold and identifies sensitive areas on the chart.

Mean Threshold and Sensitivity Areas

  • The concept of mean threshold is explained in relation to candle analysis.
  • Three sensitive areas are identified as important levels to watch for potential market movements.

Fib Retracement Levels and Optimal Trade Entry

The speaker explains how fib retracement levels can be used for optimal trade entry.

Fib Retracement Levels and Optimal Trade Entry

  • Fib retracement levels are discussed as potential entry points for trades.
  • An optimal trade entry strategy is mentioned, focusing on price action around these levels.

Price Action Analysis and Run Above 4,000 Level

The speaker analyzes price action and discusses a significant level at 4,000.

Price Action Analysis and Run Above 4,000 Level

  • The speaker analyzes price action and identifies a significant level at 4,000.
  • Potential market movements are discussed in relation to this level.

The transcript is already in English, so no language conversion is required.

Retracement Rallies and Objective of 4,000

The speaker discusses retracement rallies and their objective of reaching 4,000.

Retracement Rallies and Objective

  • The speaker highlights a run to 4,000 after a small retracement.
  • The objective was to reach 4,000 as a shallow retracement.
  • The price hit the objective of 4,000 and then continued deeper into the run.
  • This pass through the order block on the daily chart created the entire run.

Daily Bearish Order Block and Price Action

The speaker explains the concept of a daily bearish order block and its impact on price action.

Daily Bearish Order Block and Price Action

  • A daily bearish order block is formed on the daily chart.
  • This order block creates a significant price run.
  • The details about this time frame are not discussed in this section.
  • It is important to note that trading failed to go above this level.

Analyzing Candle Range for Price Action

The speaker analyzes candle ranges to understand price action.

Analyzing Candle Range for Price Action

  • Two candle ranges are compared based on their high and low points.
  • One range has a single pass while the other has two passes.
  • It is suggested to refer to personal charts for more accurate analysis.

Dealing Range Analysis with Fibonacci Levels

The speaker discusses analyzing dealing ranges using Fibonacci levels.

Dealing Range Analysis with Fibonacci Levels

  • A fib analysis is conducted on the short-term low and high points within the dealing range.
  • A vignette on Twitter provides more details about this analysis.
  • The speaker's Twitter handle is @iamict.

Clarification on Twitter Handle

The speaker clarifies their official Twitter handle.

Clarification on Twitter Handle

  • There are multiple accounts pretending to be the speaker.
  • The official Twitter handle is @iamict.

The transcript ends abruptly, and no further information is provided.

New Section

The speaker addresses some misconceptions and clarifies that they will not ask for direct messages or money. They also mention the importance of distinguishing between their genuine posts on Twitter and any impersonations.

Clarifying Misconceptions

  • The speaker emphasizes that they will never ask anyone to DM (direct message) them or request money.
  • They urge viewers to be cautious of any accounts pretending to be them on social media platforms like Twitter.
  • Genuine posts from the speaker can be found publicly on their official Twitter account.

Market Analysis

  • The speaker mentions a "dealing range" but is unsure if it refers to fanfare or something else.
  • They clarify that they are not asking for money and express a desire to see prices drop, indicating a preference for buying at lower levels.
  • There is a discussion about value gaps and the importance of analyzing them in different time frames.

New Section

The speaker continues discussing market analysis, emphasizing the need to understand setups and patterns beyond what is typically anticipated. They mention personal responsibilities and administrative work as reasons for sharing insights with their private group.

Understanding Setups

  • The speaker highlights the importance of recognizing setups that may not align with typical expectations.
  • They explain that these atypical setups are part of the reason why some viewers may not anticipate or notice certain market movements.
  • Personal responsibilities and administrative work limit the amount of information shared outside their private group.

New Section

The speaker provides an example using price action charts, explaining how specific candlestick patterns can indicate potential market movements.

Analyzing Price Action

  • The speaker references specific candles on a chart, highlighting how price movement into certain value gaps can lead to rallies or drops.
  • They suggest observing trading activity during specific candle periods to gain insights into market behavior.
  • The speaker mentions a fair value gap and the significance of prices trading above or below certain levels.

New Section

The speaker continues discussing price action analysis, focusing on a particular level and potential future considerations.

Price Action Analysis

  • The speaker refers to a specific level (around 4074) and explains why they were willing to take action at that point.
  • They mention comparing charts on the TradingView platform for further analysis.
  • A higher level (around 4095) is identified as a potential target for an upside rally.

New Section

The speaker discusses the importance of understanding price action and provides additional insights into their decision-making process.

Understanding Price Action

  • The speaker emphasizes the significance of comprehending price action and shares more details about their decision-making process.
  • They mention the NASDAQ June contract for 2022 and its relevance in analyzing market trends.
  • Comparing charts on TradingView is recommended for gaining further insights into price action.

New Section

The speaker concludes by encouraging viewers to explore trading platforms like TradingView for detailed chart analysis.

Utilizing Trading Platforms

  • The speaker suggests using trading platforms like TradingView to access detailed chart analysis.
  • They highlight the benefits of observing price action within these platforms to enhance understanding and decision-making.

Adding Symbols and Plotting Line Charts

In this section, the speaker explains how to add symbols and plot line charts on a trading platform called TradingView.

Adding Symbols

  • To add a symbol, click on the plus symbol (+) or right-click on the chart.

Plotting Line Charts

  • By default, the platform plots line charts comparing lows. To change this setting:
  • Click on the gear icon or right-click on the chart.
  • Select "Settings" and change the plotting option to "low close."
  • The line chart will now be plotted based on low close values.
  • The speaker demonstrates how to compare the Nasdaq (symbol: NQM2022) with another instrument.
  • It is important to note that there can be divergence between different instruments at certain times, especially during news events.

Understanding Divergence and Correlation

This section focuses on understanding divergence and correlation between different instruments.

Divergence

  • Divergence occurs when two instruments show contrasting movements or trends.
  • Smart Money Technique (SMT) can help identify divergence by comparing lows or accumulation patterns.
  • Divergence may appear at specific times such as before market open (8:30 AM) or during news events (9:30 AM).

Correlation

  • There is usually a strong correlation between instruments like S&P and Nasdaq, meaning they move in tandem.
  • However, there are times when correlation breaks down due to divergence caused by smart money activity or liquidity changes.
  • Traders need to be cautious when encountering divergence as it can impact their bias and trading decisions.

Importance of Understanding Bias and Entry Points

This section emphasizes the significance of understanding bias and entry points in trading.

Bias and Entry Points

  • Having a clear bias, whether bullish or bearish, is crucial for making informed trading decisions.
  • Entry points should be based on careful analysis and consideration of the overall market framework.
  • The speaker shares an example where they missed the ideal entry due to time constraints but used a close proximity entry instead.

Owner Block and Stop Out

  • Owner block refers to accumulation of long positions, indicating a potential upward movement in price.
  • A stop out occurs when traders exit their positions due to unfavorable market conditions or reaching predetermined stop-loss levels.

Understanding Fair Value Gap

This section discusses the concept of fair value gap in trading.

Fair Value Gap

  • The fair value gap represents the difference between the current price and its perceived fair value.
  • Traders can analyze this gap to identify potential opportunities for entering or exiting trades.

Analysis of Market Movement

The speaker discusses the market movement and predicts that it will not go lower than the previous low made in Nasdaq. They mention that this is a sign of accumulation and compare the market to a compressed spring or bomb waiting to explode.

Market Compression and Potential Rally

  • The market is dropping back down but forming higher lows compared to the previous low.
  • It has already snapped down into a gap, indicating potential support at around $830.
  • The speaker believes that the market is unlikely to go lower than the previous low made in Nasdaq.
  • This indicates accumulation rather than a downward trend.
  • The current situation can be compared to a compressed spring or bomb waiting to explode.

Spring-like Behavior of the Market

  • The speaker describes how the market is being compressed, similar to a spring or bomb ready to burst.
  • They mention that there is no need for panic as this compression suggests an upcoming rally.

Price Action and Daily Chart Analysis

  • The speaker refers to a daily chart where they observe price action just below a significant level, like a bear shoulder block.
  • They describe it as digging into that level, resembling more like a bomb waiting to explode.

Climbing Up on Daily Chart

  • On the daily chart, the market is climbing up steadily.
  • There is anticipation for it to reach a main threshold, which is half of its range.

Zooming In on Hourly Chart

  • By zooming in on an hourly chart, we can see consolidation and potential drawing towards specific areas.

Consolidation and Retracement Patterns

  • The market has consolidated ahead of rallies running up into certain areas.
  • There have been retracements and rebalancing of price movements.

Market Structure Perspective

  • The speaker provides a market structure perspective by referring to lower time frame charts.
  • They mention the importance of studying fair value gaps and order blocks.

Summary and Study Material

  • The speaker summarizes the key points discussed in the transcript.
  • They suggest further study of fair value gaps, order blocks, and market structures.

New Section

This section discusses the concept of rallies and retracements in trading, emphasizing the importance of understanding dealing ranges, fair value gaps, and order blocks. The speaker also highlights the need to avoid picking tops and shares insights on market structure and bias.

Understanding Rallies and Retracements

  • Rallies are followed by retracements from low to high.
  • Dealing range lows and highs determine the discount or fair value gap.
  • Order blocks play a significant role in identifying value gaps.
  • Consolidation occurs within dealing range lows and highs.

Importance of Market Structure and Bias

  • Smaller retraces occur within rallies.
  • Time frame discounts should be considered when trading.
  • SNT diversions can impact market bias.
  • Bullish bias leads to higher rallies.

Avoiding Top Picking

  • It is advised not to pick tops in trading strategies.
  • The speaker questions how many traders listened to this advice during previous rallies.
  • Trying to sell short during bullish biases may lead to missed opportunities for profit.

Understanding Price Movements

  • Low points can shift market structure, leading to further rallies or retracements.
  • Accumulated long positions influence price movements within a range.[](0:11:40 t:700)

Understanding the Intent and Pressure in Trading

In this section, the speaker discusses the selling pressure and intent in trading.

Not Selling Pressure and Intent to Go Higher

  • The speaker mentions that there is no selling pressure and the intent is to push the price higher.
  • The objective is to send the price higher instead of going down.

Daily Chart Analysis

  • The speaker refers to the daily chart analysis as a basis for their decision-making.
  • Attention is drawn to an initial gap on the chart, indicating potential market movement.
  • The focus is on identifying opportunities for a bullish trend.

Range Expansion and Objective

  • Range expansion took place due to specific reasons explained by the speaker.
  • The objective was set at 4000 based on insights gained from analysis.

Framing a Trade

  • The speaker emphasizes the importance of understanding how to frame a trade using technical indicators like SMT divergence.
  • An ideal scenario for entering a trade is discussed, along with setting targets.

Timing Considerations

  • Timing plays a role in identifying potential trading opportunities, such as early morning runs before 7 o'clock.
  • The speaker highlights that they are not limited to specific timing models but use them as additional tools for analysis.

Teaching and Student Engagement

  • The speaker mentions their teaching experience, including sharing insights on YouTube and having students in their paid group.
  • They emphasize the importance of continuous learning and adapting strategies based on market conditions.

Analyzing Market Movements Before 7 o'clock

This section focuses on analyzing market movements before 7 o'clock.

Early Morning Runs

  • The speaker discusses how nice runs often occur before 7 o'clock in the morning.
  • These early runs can provide valuable insights for trading decisions.

Timing Considerations

  • The timing around 9:30 is mentioned as a period to watch for potential deep retracements.
  • The speaker explains that understanding timing patterns can help identify ideal scenarios for entering trades.

SMT Divergence

  • SMT divergence is highlighted as a useful technical indicator for trade framing and analysis.
  • The speaker emphasizes the importance of using multiple tools and indicators to make informed trading decisions.

Continuous Learning

  • The speaker acknowledges that they are constantly learning and adapting their strategies based on market conditions.
  • They mention having both casual viewers and dedicated students who engage with their content. [0:14;46] (886 s)

New Section

In this section, the speaker discusses their teaching approach and the importance of students seeing things as they are being taught. They mention their library of concepts and the different groups of students they have.

Teaching Approach and Library of Concepts

  • The speaker wants their students to see things as they are being taught .
  • They emphasize that what is being taught goes beyond what is revealed on YouTube .
  • The speaker mentions having a library of concepts .
  • They have both free and paid groups of students .

New Section

In this section, the speaker talks about their early morning routine and how it helps them prepare for the day's trading activities.

Early Morning Routine

  • The speaker mentions that if they can see a setup early in the day, it gives them insight .
  • They refer to casual people who come through before 7 o'clock in the morning .
  • The speaker highlights the importance of having an expectation around what is being taught from 9:30 opening onwards .

New Section

In this section, the speaker discusses their plans for an upcoming holiday weekend and how it affects their trading activities.

Holiday Weekend Plans

  • The speaker mentions that if they get an early run like this before a holiday weekend, they need to go to SMT .
  • They state that they will not be trading later at 9:30 because it's probably going to require some kind of cracking correlation .
  • The speaker plans to do one video for their private group tomorrow, which will be an early video .
  • They mention that the volume is probably going to be light on Friday due to the holiday weekend .

New Section

In this section, the speaker advises taking a day off from trading on Monday and enjoying the holiday weekend.

Taking a Day Off

  • The speaker suggests taking the day off on Monday and enjoying the long weekend .
  • They encourage studying and doing what needs to be done to be a family person .
  • The speaker mentions that Tuesday may not be favorable for trading due to volume .

The transcript provided does not specify the language. Therefore, I have assumed it is in English based on your previous instructions.

Playlists: 2022 ICT Mentorship
Video description

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.