2022 ICT Mentorship Episode 31

Introduction

The speaker introduces the video and reminds viewers that he does not use WhatsApp or direct message people on Twitter to ask for money.

Scammers

The speaker warns viewers about scammers pretending to be him and asking for money. He emphasizes that he provides his content for free and will never ask for money.

S&P 500 Daily Chart

The speaker discusses the S&P 500 June contract 2022 daily chart. He draws attention to a low on May 16th and mentions that he was unable to participate in early session movement due to working on content related to forex.

Forex vs Stock Index Market

The speaker explains why he is focusing on the stock index market instead of forex, despite some viewers wanting more forex content. He believes there is currently more volatility in the stock index market, but notes that currency markets may become more volatile within the next year.

Trading Strategy

The speaker shares his trading strategy, which involves pointing out where the market is likely to go rather than giving specific entry, stop loss, and target points. He draws attention to a low on May 16th as an example of how he aims for liquidity when trading.

Aiming for Liquidity

The speaker explains how he acts like a scout by drawing attention to specific areas of the market where liquidity can be found. He emphasizes that there are no shortcuts in trading and encourages viewers to do their own research and make their own decisions.

No Spoon Feeding

The speaker reiterates that he does not spoon feed his viewers by giving specific entry, stop loss, and target points. He emphasizes that he teaches viewers how to trade and where to look for liquidity, but it is up to them to make their own decisions.

Utilizing the Fair Value Gap

The speaker explains that traders should not rely on others to predict market movements and instead should study and look for opportunities using the fair value gap. They also discuss how to use the fair value gap to enter trades.

Using the Fair Value Gap

• Traders should study and look for opportunities using the fair value gap.

• If a trade is not available at opening, traders can still use the fair value gap to get involved with a move.

• The speaker entered a short position when they saw a bearish order block on a 15-minute timeframe hitting the fair value gap. They trusted that there was already a swing high and looked for a run below an old low.

Managing Risk

• The speaker moved their stop aggressively as soon as the trade started moving in their favor due to high volatility. This was sound money management, not fear of taking a losing trade.

Trade Execution

• The speaker took their first partial at one point and then another partial later before ultimately meeting the low of the day. They did not participate in trading during the afternoon session post New York lunch.