ICT W.E.N.T. Series 5 of 5

Name: ICT W.E.N.T. Series 5 of 5
Uploaded: 2017-11-26T02:09:43.000Z
Duration: 4 h 24 min 16 s
Description: There is Risk in trading Forex.

Introduction

The speaker introduces the final installment of the "What Every New and/or Aspiring Forex Trader Wants to Know" review. He condenses a lot of material and explains that it's not intended to replace going through all the old material, but rather to get viewers back up to speed with the core essentials.

Understanding Trading Concepts

The speaker discusses his analysis concepts and how he arrived at his ideas about the marketplace. He emphasizes that not every tool is applicable to every trader, and traders should use tools that resonate closely with their own persona and psyche as a trader.

Core Roots of Success

The speaker went back to the core roots of all his success, which goes back to support resistance understanding macro fundamental driven trends.

By having this foundation, shorter-term time frame analysis concepts will be much more accurate and sensitive to traders' needs.

Previous sessions covered directional premise because knowing which direction the market is going is one of the most common questions asked by traders.

The speaker's tools guide him in a manner where he's in the upper 90 percent bracket in terms of directional premise.

Risk On/Risk Off

In a risk-on environment, equities, stocks, commodities, and higher-yielding currencies tend to rally or move higher up in price while the dollar generally moves down.

In contrast, in a risk-off environment, investors tend to sell off risky assets such as stocks and buy safe-haven assets such as gold or US Treasuries.

Conclusion

The speaker concludes by saying that combining all these concepts together will be much more paramount now because viewers will be doing a lot more of the execution stage of all the tools.

Understanding Risk-Off Scenarios

In this section, the speaker explains how firmer prices in the dollar can lead to a risk-off scenario, resulting in lower equity or stock prices, lower higher yielding foreign currencies, and commodity prices dropping.

The Importance of Understanding the Dollar

The US dollar is like a barometer for understanding whether we are in a trending environment, consolidation environment, or risk-on/risk-off environment.

Having a macro view of the higher time frame dollar and currency pairs is essential for traders of all levels.

A trader's longevity and accuracy depend on their directional premise.

Sensitivity to Cable and Fiber

Time of day is sensitive to the British Pound USD pair (Cable) and eur/usd pair (Fiber).

The London session is referred to as ICT kill zone for London open.

Using Concepts Across Asset Classes

In this section, the speaker discusses how concepts discussed in forex trading can be applied across other asset classes.

Universal Application

The concepts discussed apply to every asset class that is tradable.

Having a macro view is essential for having longevity as a trader.

Time Zone Considerations

Traders should set up their charts based on their local time zone.

It's important to understand what time it would be in respect to what the speaker is feeling.

Understanding Risk-On Scenarios

In this section, the speaker explains what happens during risk-on scenarios.

Risk-On Scenario Indicators

During risk-on scenarios, you'll see the dollar falling.

This translates into higher equity or stock prices, higher-yielding foreign currencies rising, and commodity prices rising.

Understanding Risk-On and Risk-Off

In this section, the speaker explains the concept of risk-on and risk-off in trading.

The Seesaw Analogy

The speaker uses a seesaw analogy to explain how risk-on and risk-off works.

If the dollar goes up, foreign currencies, equities, and commodities go down.

If the dollar goes down, foreign currencies, equities, and commodities go up.

Overcomplicating Risk-On/Risk-Off

New traders tend to overcomplicate the concept of risk-on/risk-off.

The easiest way to understand it is if the dollar is going up, everything else will be going in the opposite direction.

Trusting Higher Timeframe Premise

Macro trends exist for a long period of time.

It takes something with a real large impact on price to cause it to stop or pause.

Trusting higher timeframe premise is important when looking at macro trends.

Using Dollar as a Benchmark

In this section, the speaker explains why he studies the dollar first before making any trades.

Dollar's Impact on Other Assets

The dollar's movement impacts other assets such as stocks, commodities, and foreign currencies.

Studying the dollar gives an understanding of where the market place should go.

Risk On vs. Risk Off Scenario

A rising dollar means a risk off scenario which translates into lower stock prices and commodity prices.

A falling dollar means a risk on scenario which translates into higher stock prices and commodity prices.

Trading Against Adverse Market Environment

When trading against an adverse market environment (e.g., buying foreign currencies when the dollar is poised to rally), there is low probability for that move to occur.

Example of Using Dollar as a Benchmark

In this section, the speaker provides an example of how he uses the dollar as a benchmark.

Resistance Level

The speaker uses a resistance level to explain his analysis.

Price was unable to break above the resistance level.

The speaker used the wicks and bodies of candles as reference points.

Support Levels

The speaker notes two support levels.

If price broke through and came back down, it would most likely find some support at these levels.

Understanding Risk-On and Risk-Off

In this section, the speaker explains how to identify risk-on and risk-off scenarios in the market by looking at support levels and currency pairs.

Identifying Support Levels

When price comes down to an expected level of support, it implies that there is less risk-taking in the environment of speculation.

This leads to a flight to quality, which means that the US dollar will be bought.

A flight to quality results in firmer prices in the dollar and lower move or sell signals in foreign currencies.

Sell scenarios are likely to occur in fiber and cable when price comes down to a support level.

Trading Majors

The speaker generally trades only fiber (EUR/USD) and cable (GBP/USD), but occasionally trades Canadian dollar or Aussie dollar.

When trading majors, understanding the relationship between them is crucial for identifying sell scenarios.

Analyzing Price Movements

By analyzing price movements on a daily chart of British Pound USD, we can identify sell scenarios when price comes down to a support level.

The front currency (in this case, British Pound) will experience selling pressure if the US dollar finds some support.

Analyzing Price Movements on 15-Minute Time Frame

In this section, the speaker analyzes price movements on a 15-minute time frame to determine whether there are any risk-on or risk-off scenarios underway.

Zooming into 15-Minute Time Frame

By zooming into a 15-minute time frame, we can get an x-ray view of whether there are any risk-on or risk-off scenarios underway.

We can judge whether there are any sell scenarios by analyzing high, low, and rally up movements.

Understanding the ICT London Open Kill Zone

In this section, the speaker explains that the ICT London open kill zone is a pocket of time typically about three hours long where there is a lot of activity going on. The speaker also explains that between 7:00 and 9:00 GMT is typically where you're high or low during London really forms.

Key Points:

The ICT London open kill zone is a pocket of time typically about three hours long.

Between 7:00 and 9:00 GMT is typically where you're high or low during London really forms.

Increasing Accuracy with Insight of Risk-On Risk-Off

In this section, the speaker explains how to increase accuracy by having insight into risk-on risk-off. He adds a period separator at five GMT which denotes the new day to him. He also explains that specific times of the day will translate into setups.

Key Points:

Adding a period separator at five GMT denotes the new day.

Specific times of the day will translate into setups.

Expecting Setups After Midnight in New York

In this section, the speaker explains that after midnight in New York, he expects to see a rally as it's optimal for entry. He also mentions that looking at price moving opposite direction is optimal for entry.

Key Points:

After midnight in New York, he expects to see a rally as it's optimal for entry.

Looking at price moving opposite direction is optimal for entry.

Understanding Optimal Trading Strategies

In this section, the speaker discusses his approach to finding the sweet spot for trading and how he simplifies it for himself and his children.

Finding the Sweet Spot

The sweet spot is the midpoint between 62 and 79.

The speaker does not use classical numbers but instead makes it simple for himself.

This approach may not be as accurate, but it works well enough for him and makes it easier to teach.

Simplifying for Children

The speaker has his children in mind when he talks about trading strategies.

He oversimplifies things so that they can easily digest the information.

He wants to make sure that if something happens to him, his children will have access to these resources.

Anticipatory Skills

To be a successful trader, you need anticipatory skills.

You cannot make money by reacting to price; you must anticipate what will happen next.

By studying price action and anticipating how it will react at certain levels, you can build your confidence as a trader.

Power Three Principle

The Power Three principle is based on three types of daily ranges: up-and-down days, down-and-up days, and range-bound days.

When looking at a candlestick chart, the opening price at 5:00 GMT and midnight New York time are both important levels to watch.

Trading Higher in Dollar

If the dollar is poised to trade higher, look for rallies after midnight in foreign currencies like the British Pound.

Do not chase trades or over-leverage yourself. Expect this phenomenon to take place without getting too excited.

Understanding the Daily Range

In this section, the speaker explains how to understand and trade the daily range.

Opening Price and Sell Signal

The opening price is represented by the vertical line delineating midnight in New York.

The sell signal occurs above the opening price.

The killing ground is above the opening price.

Anticipatory Selling Scenario

You want to be selling on a down day or anticipatory selling scenario.

Once you get in it, you want to anticipate the daily range expanding.

London Close Timeframe

The low of the day will form between 10:00 a.m. and 11:00 a.m. 70% of the time but it can go as late as noon sometimes.

FOMC announcements or similar events can cause it to go as late as 1800 GMT or two o'clock in the afternoon New York time.

Ideally, if the high is made in London open, then the low of the day will form between 10:00 o'clock and 11 o'clock in the morning New York time.

Daily Range Unfolding

Market makers are actually doing their work and bracketing and capping market high and low at specific times of day.

Volume really increases and enters its highest point here and falls off in latter portion of London close.

Understanding Price Movement

In this section, the speaker discusses how to interpret price movement and identifies key scenarios to look for.

Identifying Scenarios

The Judas swing is a scenario where the market rallies up after dilly-dallying around the opening price for a while, then declines. This is what traders should be looking for.

The open rally decline scenario involves making the high of the day first.

Traders should not argue about when the trading day begins; instead, they should focus on understanding how to interpret price movements.

Interpreting Price Movements

Traders need to understand how to interpret price movements in order to succeed in the market.

Removing preconceived notions and getting to the core root of why price moves like it does can make trading easier.

The speaker challenges traders to put his approach to its test.

Applying Risk-On/Risk-Off Analysis

In this section, the speaker discusses risk-on/risk-off analysis and applies it to a specific example.

Risk-On/Risk-Off Analysis

Risk-on/risk-off analysis involves assessing whether investors are willing or unwilling to take risks.

This type of analysis can help traders anticipate market movements.

Example: Cable Trading Scenario

The speaker uses an example involving cable trading scenarios to illustrate risk-on/risk-off analysis.

Traders should look for sell scenarios involving down moves that go lower.

Daily charts can be useful in identifying these types of scenarios.

Understanding Judas Swings

In this section, the speaker provides more information about Judas swings and how they can be used in trading.

What Are Judas Swings?

A Judas swing occurs when there is an up move after the market dilly-dallies around the opening price for a while, followed by a decline.

Traders should look for Judas swings as they can provide valuable trading opportunities.

Applying Judas Swings in Trading

The speaker provides an example of how to apply Judas swings in trading using cable trading scenarios.

Traders should look for sell scenarios involving down moves that go lower and anticipate bounces at certain levels.

Understanding risk-on/risk-off analysis can help traders identify potential Judas swings.

Cable in a Prolonged Down Move

In this section, the speaker discusses the trading opportunities available during a prolonged down move in the cable. He emphasizes the importance of identifying days with an open rally and a down close to make money on intraday moves.

Trading Opportunities During a Down Move

Counting the number of days with an open rally and down close can provide multiple trading opportunities.

The speaker stresses that this information is generic but essential for traders to understand.

Following these rules will result in manageable losses and net gains.

Even if you have the wrong bias, there are still opportunities to make money by identifying days with an open rally and down close.

Managing Risk as a New Trader

In this section, the speaker discusses how new traders should manage risk when using his methods. He compares learning to trade to learning auto mechanics and emphasizes that understanding theory is crucial before attempting practical applications.

Managing Risk as a New Trader

As a new trader, you should be trading about one quarter of one percent risk even in a demo account.

Understanding theory is crucial before attempting practical applications.

There are multiple setups that happen throughout the week, so it's important not to focus on just one trading pair.

Once you understand these concepts, you can apply them to every pair.

Conclusion

In this section, the speaker concludes by emphasizing that following his rules will result in manageable losses and net gains. He encourages traders to focus on understanding theory before attempting practical applications.

Conclusion

Following the speaker's rules will result in manageable losses and net gains.

Understanding theory is crucial before attempting practical applications.

Trading Strategies for Risk-Off Scenarios

In this section, the speaker discusses how to get institutional sponsorship behind trades and how to identify risk-off scenarios. He explains that a dollar-based rally will cause a decline in the British Pound and advises traders to sell into the opening rally and expect a down move with a lower close.

Institutional Sponsorship

To get institutional sponsorship behind trades, traders need to identify risk-off scenarios.

A dollar-based rally will cause a decline in the British Pound.

Traders should sell into the opening rally and expect a down move with a lower close.

Identifying Risk-Off Scenarios

Range expansion is key when identifying risk-off scenarios.

The daily range is depicted graphically on charts.

Traders should look for opportunities just above the opening price to sell.

Stop Loss Placement Strategies

In this section, the speaker talks about stop loss placement strategies. He explains why he always uses a standard 30 pip stop loss and provides an example of time and price as it relates to stop loss placement.

Standard 30 Pip Stop Loss

The speaker always uses a standard 30 pip stop loss.

Traders should not be afraid of using this strategy even if they have significant risk exposure.

Example of Time and Price for Stop Loss Placement

Assume prices are going to trade up from trade up from one point to another.

Identify your range and understand the time of day you're trading.

Place your stop loss order at 169.12 if entering at London open at 8:15 GMT or 8:00 GMT which is basically 2:00 am New York time.

Use the 62% line as your entry point, then add 30 pips to it.

The stop loss order should be placed at 169.12, and the entry price is at 168.82.

Traders should study days that create down moves in London and add 30 pips to the highest high during 2 o'clock in the morning and 4 o'clock in the morning New York time.

Daily Range and Stop Loss

In this section, the speaker discusses the daily range of 100 pips and how to sell in the upper third of the range. The speaker also talks about why it's important not to trade on FOMC or non-farm payroll days.

Selling in Upper Third of Daily Range

To capture profits, sell in the upper third of the daily range.

It's unlikely for a down day to move 30 pips from its ideal location unless economically driven by a report or market-moving event like FOMC or non-farm payroll.

Avoid trading on FOMC or non-farm payroll days as they can easily blow through 30 pips and clean out both directions of the marketplace.

Using a 30 Pip Stop Loss

Over time, you will learn to trim your stop loss from 30 pips.

Your entry point should be no more than one-quarter of 1% away from your stop-loss point.

Stick to low-risk high-probability scenarios when trading.

Favorable Trading Opportunities

In this section, the speaker talks about favorable trading opportunities that happen a couple times a week every single week. These are intraday day trades that require waking up at midnight New York time.

Setting Up Trades

There are several opportunities during the week that set up favorable trading opportunities.

These are intraday day trades that people with jobs can still do but require waking up at midnight New York time.

Use previous ranges as a basis for determining where your trade setup will be.

Look for an intraday high getting taken out as another pattern for optimal trade entry.

Introduction to the London Open Kill Zone

In this section, the speaker introduces the concept of the London Open Kill Zone and explains how it can be used to identify trading opportunities.

Understanding the London Open Kill Zone

The London Open Kill Zone is a specific time period during which trading opportunities are more likely to occur.

This time period typically extends from 7:00 GMT to 9:00 GMT or 2 o'clock and 4 o'clock in the morning.

During this time period, traders can expect higher volatility and larger price movements.

The speaker recommends using an indicator called "the blue line" to help identify this time period on your charts.

Using the London Open Kill Zone for Trading

By understanding when the London Open Kill Zone occurs, traders can anticipate potential setups and trade entries.

Traders should look for retracements at the beginning of a move on a down day that occurs at London open.

The optimal trade entry is retracement-driven, such as with Turtle Soup or a short-term high rally followed by a false breakout.

Traders should hold their positions until London close later in the day and watch for range expansion going lower.

Managing Risk When Trading

Traders should use a stop-loss of 30 pips when trading during this time period.

It's important to start with ultra-low risk (0.25% of 1%) when trading to avoid being afraid of losing money.

The speaker recommends practicing trading in a demo account setting for six months before investing real money.

Importance of a Single Mentor

In this section, the speaker emphasizes the importance of having a single mentor instead of collaborating with multiple mentors. He also mentions that he is the best in his field and offers his materials for free.

Benefits of Having a Single Mentor

Collaborating with multiple mentors can be confusing.

Having a single mentor provides consistency and clarity.

Importance of Choosing the Right Mentor

The speaker claims to be the best in his field.

Choosing the right mentor is crucial for success.

Free Materials

The speaker offers his materials for free.

The only cost is time spent watching videos.

Patience and Time Required for Learning

In this section, the speaker discusses how patience and time are required to learn trading successfully. He also emphasizes that it takes time to understand what needs to be learned.

Importance of Patience

Learning trading requires patience.

It takes time to understand what needs to be learned.

Time Investment

Learning trading requires an investment of time.

It may take a long period of time to fully grasp concepts.

Primary Fears in Trading

In this section, the speaker discusses primary fears related to trading, which are losing money and being wrong. He also mentions that missing moves is not as significant as losing money or being wrong.

Primary Fears in Trading

Losing money and being wrong are primary fears in trading.

Missing moves is not as significant as losing money or being wrong.

Forums and Teaching Others

In this section, the speaker advises against spending too much time in forums and teaching others if you are still developing as a trader. He also emphasizes the importance of learning before teaching.

Spending Time in Forums

Spending too much time in forums can be detrimental to your development.

Only read from someone with more experience than you.

Teaching Others

Do not try to teach others if you are still developing as a trader.

It is important to learn before teaching.

Lessons Learned Over Time

In this section, the speaker discusses how his greatest learning happened in the latter part of his career. He emphasizes that it takes time to become successful and that rushing into trading can lead to pain and self-inflicted problems.

Importance of Time

It takes time to become successful at trading.

Rushing into trading can lead to pain and self-inflicted problems.

Lessons Learned Over Time

The speaker's greatest learning happened in the latter part of his career.

He wishes he knew what he knows now when he first started.

Managing Emotions in Trading

In this section, the speaker discusses how emotions can influence traders and emphasizes that they are manageable. He also mentions that traders have control over their decisions.

Influence of Emotions

Emotions can influence traders significantly.

Traders allow marketplaces to have too much influence over them.

Managing Emotions

Emotions are manageable.

Traders have control over their decisions.

Helping Others Succeed

In this section, the speaker discusses how he wants to see what people do with the information once they become successful. He emphasizes that he is helping for free and only asks for people to share their stories with him.

Importance of Helping Others

The speaker wants to see what people do with the information once they become successful.

He is helping for free and only asks for people to share their stories with him.

Sharing Success

The speaker encourages people to help others once they become successful.

He is not interested in taking credit for winning or losing trades.

Understanding Market Patterns

In this section, the speaker talks about how he can predict market patterns and direction with a high degree of accuracy. He challenges the audience to try his methods and offers a cash reward if they can prove him wrong.

Predicting Market Patterns

The speaker claims that he can predict market patterns and direction with a high degree of accuracy.

He challenges the audience to try his methods and prove him wrong.

If anyone can show that his methods don't work, he will give them $10,000 in cash.

The speaker believes that by following his process, it is impossible not to be successful in trading.

Trading Strategies

In this section, the speaker discusses various trading strategies and emphasizes the importance of having a framework for making trades.

Developing Trading Strategies

The speaker emphasizes the importance of developing trading strategies based on risk-on/risk-off scenarios.

He suggests using institutional sponsors as a guide for making trades.

The speaker encourages traders to take themselves out of textbooks and avoid those who claim to teach them how to be great traders.

He recommends reading books like "Market Wizards" for inspiration.

Identifying Selling Scenarios

In this section, the speaker discusses identifying selling scenarios in foreign currency markets.

Identifying Selling Scenarios

The speaker identifies selling scenarios during London sessions when weaker prices are expected on cable while the dollar is poised to trade higher.

He suggests following cable and fiber for lower prices between asset classes.

The speaker recommends looking at range projections when deciding how long to hold positions.

English Using Average Daily Range to Identify Swings

In this section, the speaker discusses how to use average daily range to identify swings and determine trade entry and exit points.

Using Average True Range Indicator

The speaker recommends using the ICT average daily range indicator to determine the average true range of five days.

Subtracting this range from the highest high of the day can help identify where lows should form.

Timeframes for Holding Trades

The speaker suggests looking for 10 a.m. in New York as representative of the beginning of the red line.

The green line represents London close, which begins at 10:00 a.m.

On down days, traders should look for two times during the New York session when they anticipate lows will form.

Incorporating Time and Price

Traders should not wait until London close if they have an opportunity to take profits earlier.

To answer the equation of time and price, traders must incorporate other factors such as market structure and primary swings.

Understanding Price Extensions

In this section, the speaker explains how price extensions work and how to use them to take profits.

Using Price Extensions

A 200 extension is a multiple doubling of the range from the low to the high.

The 162 extension and 127 extension are also important price levels.

Take profits when price reaches one of these three levels during New York or London trading sessions.

It's okay if you don't achieve perfection in taking profits. Take some off when prices go below a certain level.

If you start building your understanding of trading and risk management, you can work up to 2% risk per trade. Taking off half a percent after reaching a profit target can help alleviate the desire to be right all the time.

Analyzing Bullish Prices in USD/Fiber

In this section, the speaker analyzes bullish prices in USD/Fiber and explains why it may be a short-term sell scenario.

Analyzing USD/Fiber Prices

On Wednesday, there was an unexpected rally in Fiber despite bullish prices in USD.

This is a short-term sell scenario as Fiber is rallying counter to the directional premise established by USD.

Cable is making higher highs compared to Fiber, which has been relatively soft lately.

The best moves occur after taking out predetermined levels of stops.

Identifying Stop Losses for Short Fiber Trades

In this section, the speaker identifies stop losses for short fiber trades and explains how they can be used to make profitable trades.

Identifying Stop Losses

Equal lows and equal highs are common indicators that show where stop losses are located for short fiber trades.

By adding 10 pips above these levels, traders can identify where most stop losses are located.

Price rallies up through these levels and takes out the stops, creating a profitable trade opportunity.

English Understanding Chart Patterns

In this section, the speaker discusses how to use chart patterns to make trading decisions and highlights the importance of understanding the underlying tone of the market.

Using Chart Patterns for Trading Decisions

The speaker explains how to use a rectangle to identify highs and lows in a chart.

A range of 10 to 9 is identified as an area where price may rally up through and reject.

The speaker identifies a bull flag pattern on the chart and explains that classic chart patterns suggest buying at this point.

Understanding Market Tone

The speaker notes that textbook strategies will only work when they are in line with the underlying tone of the market.

Institutional sponsorship between entries and exits is necessary for textbook strategies to be effective.

Market makers love chart patterns because it brings more liquidity into the market, which can lead to stop losses being triggered.

Identifying Liquidity for Trading Opportunities

Traders should look for areas where breakout artists have placed stop orders or wait for price breakouts before entering trades.

False breakouts can be used as opportunities to sell rather than buy strength.

Timing Trades Based on Market Conditions

The speaker recommends looking for London setups based on what is seen on charts around midnight GMT time.

A Judas swing depends on what is present on a trader's chart, but it is important to consider other factors such as bullish patterns and participants' positions in addition to timing swings correctly.

Understanding Bull Flag Patterns

In this section, the speaker explains how bull flag patterns work and how they can neutralize participants who have been net short.

Bull Flag Pattern

Bull flag patterns are used to neutralize participants that have been net short.

The Asian range is a key reference point for identifying bull flag patterns.

Traders should expect lower prices if the low of the pattern is taken out.

There's no wrong way to take profits.

Using Swings and Reference Points

Swings are used as reference points when trading bull flag patterns.

Traders can use different reference points to identify levels, but it's important to look for confluence of levels lining up with old support resistance levels.

Holding onto trades until close can help traders make more money than just scalping and taking a few pips.

Incorporating Directional Premise

Incorporating directional premise can be helpful when trading in areas like intraday charts.

Using Moving Averages for Swing Trades

In this section, the speaker discusses using moving averages to identify swing trades and short-term directional premise-driven biased intraday trades.

Identifying Swing Trades

Use the 1840 moving average to identify swing trades or short-term trades.

Look for open down moves in London by the long and wait for a higher close.

Identifying Short-Term Directional Premise-Driven Biased Intraday Trades

Use 9 and 18 on a daily chart to get the buy model and sell model.

If you're a New York trader, look for an environment where London should have made it to the low of the day. Wait for a higher close in New York trading.

Using Bar Charts to Identify Trading Opportunities

In this section, the speaker discusses using bar charts instead of candlesticks to identify trading opportunities.

Using Bar Charts

Count the number of days where we have an open rally and then decline with a lower close on bar charts.

This puts you in control of riding behind smart money's massive entity.

Setting Goals

Have weekly goals instead of daily goals when trading. The speaker's weekly goal is between 30 and 50 pips.

Adapt your goals based on market conditions, reducing them if necessary but still making consistent profits over time.

Understanding the Market

In this section, the speaker emphasizes the importance of understanding the market and not feeling pressured to make quick decisions.

Importance of Understanding the Market

Understanding the market removes unnecessary stress and pressure.

Trading against institutional flows is not recommended.

The smart money is in sync with the marketplace.

Sell Program Authorized by a Rally Up in Dollar

In this section, the speaker discusses a sell program authorized by a rally up in dollar.

Sell Program Authorized by a Rally Up in Dollar

On July 21st, there was a sell program authorized by a rally up in dollar.

The averages on the daily chart were opening and pointing up, which reversed two days later on cable.

Looking to Sell on Lower Timeframes

In this section, the speaker talks about looking to sell on lower timeframes.

Looking to Sell on Lower Timeframes

When going down to lower timeframes, only look for opportunities to sell.

Moving averages are not necessary under four hours if you're scalping; otherwise, they don't mean anything under four hours.

Incorporating Institutional Flows into Trading Strategy

In this section, the speaker discusses incorporating institutional flows into trading strategy.

Incorporating Institutional Flows into Trading Strategy

Look for openings and Judas swings higher in London cell when averages are going lower.

Add vertical lines to delineate the period separation.

Look for a rally after the white line each day up to the ending of New York ICT Killzone.

Trading Strategies

In this section, Michael Huddleston explains his trading strategy and how he looks for optimal trade entries.

Optimal Trade Entry

To make profitable trades, it's important to be on the same side as large institutional investors.

Look for retracements or swings higher in price.

Identify the opening price at zero GMT and look for rallies above that price.

Sell above the opening price and place stops above old highs.

Avoid trading on Fridays and focus on Tuesdays, Wednesdays, and Thursdays.

Using Fibonacci Retracements

Use Fibonacci retracements to identify optimal trade entries within a down move window.

When a previous day's low is taken out, it's unlikely that prices will come all the way back up to previous highs.

Identify midnight highs in New York and use them as reference points for optimal trade entries.

Turtle Soup Strategy

The Turtle Soup strategy involves looking for false breakouts of support or resistance levels.

Wait for prices to rally above an old high before selling short.

Place stops above old highs.

Trading with Institutional Sponsorship

In this section, the speaker discusses how to trade with institutional sponsorship and identifies key order blocks.

Identifying Order Blocks

The speaker explains that traders can use a bullish candle prior to a down move to identify an order block.

Traders should expect selling pressure when price trades back to the identified level.

Another way to identify an order block is by looking for a high followed by a downswing. This is a clear indication of an order block.

Trading with Institutional Sponsorship

The speaker emphasizes the importance of trading with institutional sponsorship, as it suggests that there is long-term buying or selling pressure in the market.

Traders should focus on going with the trend and not worry about picking tops or bottoms.

The speaker advises traders to be patient and wait for the right opportunity to enter the market.

Examples of Order Blocks

The speaker provides an example of an order block that occurred after midnight and resulted in a sell-off.

Another example shows how consolidation led to a rally up, which took out old highs before ultimately rejecting and trading higher due to gaps in the chart.

Personal Update and Future Focus

In this section, the speaker provides a personal update on his trading activities and future focus.

Personal Update

The speaker shares that he has been dealing with personal issues that have affected his ability to trade effectively.

He mentions that there hasn't been much for him to trade this week and that he will be focusing on trading the cable going forward.

Future Focus

The speaker states that he will be focusing on trading the cable going forward.

He mentions his upcoming birthday and clearing his schedule to focus on trading.

Understanding the Judas Swing Parameter

In this section, the speaker explains how to use the Judas swing parameter to identify optimal trade entry points during the New York session.

Using the Judas Swing Parameter

The vertical line at 6:00 a.m. or 11:00 GMT is used as the Judas swing parameter for the New York session.

A possible low formed when there was an aggressive move from a price point at 7:45 GMT and left a gap. The speaker wanted to see if it would come back up to that point for an optimal trade entry for continuation going lower.

The speaker used this area to exit their long position because they were betting that it was the low of the day, which happened in London and retraced before filling the gap.

If there was no gap, they would not have taken this trade. They went long with expectations of seeing a further move higher after seeing a down move first in a Judas swing perspective.

Syncing with New York Session

In this section, the speaker explains how to sync with New York session by looking at rallies after 11:00 GMT or 6:00 a.m.

Syncing with New York Session

To get in sync with trading during New York session, one needs to look for rallies after 11:00 GMT or 6:00 a.m., which will be retracements inside of existing daily range right up in here.

This can be used for position trading but cannot be done during London session where you would sell short here and ride out all through previous sessions until the low is taken out.

Using the 6 a.m. New York or 11:00 GMT window sets up the framework for your trade and helps to frame your ideas with the London backdrop of what's going on in London and the overall trend being lower.

Optimal Trade Entry

In this section, the speaker explains how to identify optimal trade entry points during New York session.

Identifying Optimal Trade Entry Points

During New York session, one wants to see a rally after 6:00 a.m. or 11:00 GMT if they want to buy. The rally that occurs later on will be retracement inside of existing daily range right up in here.

One can scale into even smaller risks but also play against old lows using body of candles as reference points.

Trading Strategies for Large Institutions

In this section, the speaker discusses how daily and weekly charts are important for large institutions to be behind trades. He also talks about targeting specific times of day for trading.

Importance of Daily and Weekly Charts

Large institutions rely on daily and weekly charts to provide a framework for their trades.

These charts give a better understanding of market trends and help in making informed decisions.

Targeting Specific Times of Day

The speaker suggests targeting specific times of day for trading.

By doing so, traders can take advantage of recurring themes such as Apple tradency or turtle soup.

Market profiling is also recommended to understand how markets move from consolidation to trend to reversal.

Mapping Price Action with Boxes

In this section, the speaker talks about mapping price action using boxes on a chart. He explains how these boxes can help identify pockets of price action that indicate market direction.

Mapping Price Action with Boxes

The speaker recommends using boxes on a chart to map out pockets of price action.

These boxes help identify market direction based on higher time frames.

By bracketing out a pocket of price action, traders can focus on finding sell scenarios at specific times of the day.

Understanding Market Profiling

In this section, the speaker discusses market profiling and its importance in understanding market trends. He explains that markets move from consolidation to trend to reversal and there are only three things that can happen with price - it can go sideways, up or down.

Three Primary Profiles

Markets move from consolidation to trend to reversal.

There are only three things that can happen with price - it can go sideways, up or down.

By understanding where the market is in the cycle, traders can identify smart money accumulation and find buying or selling opportunities.

Applying Seasonal Tendencies to Trading

In this section, the speaker talks about applying seasonal tendencies to trading. He explains how seasonal tendency graphs can be used for commodities, currencies, crude oil, gold and silver.

Applying Seasonal Tendencies to Higher Time Frames

The speaker recommends applying seasonal tendencies to higher time frames.

This helps traders anticipate likely buy or sell scenarios.

Combining tools such as market profiling and seasonal tendencies gives traders a huge edge over retail traders.

Conclusion and Resources

In this section, the speaker concludes his teaching for the year and provides his email address for further resources.

Conclusion

The speaker concludes his teaching for the year.

He emphasizes that his resources will still be available on the internet.

Traders can reach him at I see T at the inner circle trigger comm or in a circle trader at gmail.com.

Resources

The speaker recommends doing more research on seasonal tendencies.

He suggests looking up more information from Mor who has the best seasonal tendency stuff there is.

Overview of Trading Strategies

In this section, the speaker provides an overview of the trading strategies that he has been using for the last four years. He emphasizes that these strategies are not made up and have been documented on his website.

Trading Strategies

The speaker provides an overview of the trading strategies that he has been using for the last four years.

These strategies are not made up and have been documented on his website.

Other traders have also been using these strategies for a long period of time and have been doing well with them.

Recap and Review

In this section, the speaker concludes his series on what every new or aspiring trader wants to know. He mentions that going forward, everything will be done in real-time.

Conclusion

The speaker concludes his series on what every new or aspiring trader wants to know.

Going forward, everything will be done in real-time, including drills, research projects, and other necessary tasks.

By condensing six months' worth of work into one month, live trading with a live account can begin by the second week of September.

Final Words

In this section, the speaker wishes everyone good luck and good trading as they move forward with their trading journey.

Final Words

The speaker wishes everyone good luck and good trading as they move forward with their trading journey.