ICT January 12, 2018
Dollar Index Weekly Review and Market Insights
Overview of the Dollar Index
- The video begins with a review of the dollar index, covering various currencies including Euro Dollar, British Pound, Aussie Dollar, Canadian Dollar, Japanese Yen, Bitcoin, and Ripple.
- The presenter aims to keep the session concise and mentions that details about ICT mentorship will be provided at the end of the video.
Trading Strategy and Market Conditions
- The speaker notes some missing data in their demo account due to holiday effects on price action; they typically wait until mid-January to resume trading.
- They plan to start trading gradually with low risk and leverage before increasing activity by February.
Analysis of Price Action
- A question is posed regarding observations on the dollar index's daily chart; emphasis is placed on original consolidation areas.
- The presenter highlights significant price movements from consolidation zones leading into market maker sell models.
Market Maker Sell Model
- Discussion includes how price retraces back down after an initial rally from consolidation levels.
- The analysis indicates a completed market maker sell model suggests a bearish outlook for the dollar index.
Implications for Euro Dollar
- Given the bearish sentiment towards the dollar index, there is an expectation for bullish movement in Euro Dollar.
- Transitioning to Euro Dollar analysis, discrepancies in closing prices between different platforms are noted.
Bullish Indicators for Euro Dollar
- On a weekly chart perspective, previous down-close candles indicate potential bullishness as they represent institutional buying opportunities.
- A focus on high probability buying areas within a weekly order block is emphasized as crucial for predicting future movements.
Timing Market Movements
- The importance of timing in market reversals is discussed; particularly noting that bullish trends often establish lows early in the week (Tuesday).
- Specific times such as Tuesday London open or Wednesday New York open are highlighted as critical moments for potential upward movement.
Market Analysis and Trading Insights
Understanding Market Dynamics
- The market is experiencing liquidity pulls, with price movements resembling a "candy land" scenario where consolidation occurs before retesting previous levels.
- Price action indicates accumulation around certain levels, suggesting bullish intentions despite the lack of clear weekly context; traders are buying in small increments to avoid drawing attention.
- Displacement in price leads to upward momentum as swing highs are broken, indicating a bullish marketplace even amidst bearish trends in the dollar index.
Key Events Impacting Trading
- The ECB monetary minutes released at 7:30 a.m. New York time influenced market behavior, leading to significant price movements that were not immediately visible on shorter time frames.
- Analyzing daily FX charts reveals respect for Fibonacci retracement levels, particularly around the 79% level, which plays a crucial role in determining optimal trade entries.
Price Movements and Predictions
- Following the ECB minutes, there was an immediate surge in prices; traders were advised to monitor for rejection points that could indicate further upward movement.
- Central bank involvement typically results in rapid price adjustments with shallow retracements; this contrasts with more typical rally patterns seen without such influence.
Liquidity Levels and Trade Strategies
- Traders should be aware of key liquidity zones between 2050 and 2080; stop-loss placements above significant highs can provide insights into potential market moves.
- A focus on old daily highs (120.93 level) suggests potential targets for trades, emphasizing logical profit-taking strategies along identified liquidity areas.
Accumulation Patterns and Historical Comparisons
- Observations indicate that slight variations in lows (e.g., comparing November 21st and December 12th lows at 1.1713 and 1.1717 respectively) can signal accumulation by smart money.
Analysis of Euro Dollar and Market Dynamics
Overview of Price Movements
- The discussion begins with a comparison of highs on January 10th, noting relatively equal highs at 9250, 690, and 256. This sets the stage for understanding market behavior.
- A focus is placed on the Euro Dollar's lows from January 10th and 11th, highlighting a significant increase in the low price point from one day to the next. This indicates bullish sentiment.
Time Correlation in Price Action
- The analysis emphasizes time correlation by referencing specific times (1 AM New York time) when key price movements occur, linking them to market sessions. This helps contextualize trading strategies based on timing.
- Observations are made about candle formations that align with these timeframes, reinforcing the importance of timing in trading decisions.
Accumulation Ahead of ECB
- There is a noted accumulation phase before the European Central Bank (ECB) meeting, suggesting traders are positioning themselves for potential upward movement in prices. The speaker highlights this as an important factor for future trades.
- A question arises regarding whether this accumulation should have resulted in a sell-off; however, it’s clarified that market maker models can lead to continuation patterns rather than immediate declines.
Smart Money Techniques
- The concept of Smart Money Techniques (SMT) is introduced as a tool for identifying market trends and behaviors that may not be immediately apparent to all traders. This includes recognizing divergences between different assets or currency pairs.
- The speaker shares personal anecdotes about teaching these concepts to their children, indicating an effort to simplify complex financial ideas into understandable terms for broader audiences.
Market Symmetry and Order Blocks
- An important observation is made regarding market symmetry: typically, two lows should be equal; however, discrepancies indicate underlying bullish conditions despite overall bearish sentiment in other areas like dollar strength. This suggests potential buying opportunities at strategic levels such as weekly order blocks around 1928/1929 price points.
- Recommendations are provided for swing traders regarding entry points above current levels while maintaining stop-loss orders below recent lows to manage risk effectively during volatile periods like ECB announcements.
British Pound Analysis
- Transitioning to the British Pound (Cable), attention is drawn to significant historical lows which may act as upside targets moving forward into upcoming weeks—specifically targeting levels around 13850 as potential resistance or support zones based on previous price action patterns observed on weekly charts.
Market Analysis and Trading Strategies
Overview of Timeframe Perspectives
- The discussion begins with setting a hard timeframe perspective on a weekly chart, focusing on the old high and low levels, particularly noting a draw around 13850.
- Transitioning to a daily chart reveals bullish sentiment, highlighted by significant price movements and the introduction of a monthly divider to assess the monthly range.
Identifying Buying Opportunities
- Emphasis is placed on viewing any downward movement as potential buying opportunities, supported by the presence of a weekly bullish order block.
- Observations are made regarding retail resistance at equal highs, indicating substantial buy-side liquidity above these levels.
Liquidity Runs and Market Dynamics
- Price action is analyzed as it runs through equal highs, suggesting that there is considerable liquidity available for capture.
- A power three strategy is introduced, which involves opening trades based on market structure breaks and anticipating price expansion post-ECB announcements.
Correlation Between Currency Pairs
- The correlation between Euro-Pound dynamics indicates that both currency pairs can trade in concert following ECB events.
- Notable divergences are identified between cable (GBP/USD) and the dollar index over several days, highlighting significant market behavior shifts.
Accumulation Patterns and Market Structure
- A detailed breakdown shows how lower lows in cable contrast with higher highs in the dollar index, illustrating accumulation without significant rallies.
- The analysis points out key reference points where accumulation occurs before an explosive move upwards post-EBC.
Understanding Market Maker Models
- Discussion includes insights into ICT's market maker sell model, emphasizing consolidation areas leading to distribution cycles below original consolidation levels.
- It’s noted that during central bank interventions like ECB meetings, traders should expect sudden price movements rather than gradual retracements.
Fractal Analysis and Market Dynamics
Understanding Fractals in Market Movements
- The concept of fractals is introduced, emphasizing consolidation patterns that lead to reversals. A low-risk sell opportunity is identified when price moves below the original consolidation.
- The speaker highlights the importance of understanding chart reading over traditional theories like supply and demand, focusing on institutional order flow instead.
- An "x-ray view" approach is discussed, where the focus shifts from individual candles to the broader market context and underlying premises driving price movements.
Anticipating Market Moves
- By deciphering market premises, traders can predict future movements before they occur, enhancing trading strategies.
- A specific bearish breaker pattern is noted, with expectations for a sell-off in dollar pairs once certain price levels are breached.
Profit-Taking Strategies
- Traders are advised to consider taking profits as prices approach significant lows in currency pairs like the dollar against foreign currencies.
Analyzing Australian Dollar Trends
Price Patterns and Market Maker Models
- The Australian dollar's price action mirrors previous discussions on consolidation but appears inverted. Key patterns include distribution and smart money reversals.
- The speaker notes missed accumulation phases due to holidays but emphasizes that trading back above original consolidations indicates successful market maker models.
Importance of Mentorship in Trading
- Previous teachings highlighted strong buy signals based on accumulation patterns observed earlier. The value of mentorship is stressed for navigating complex trading scenarios effectively.
Dollar CAD and Yen Analysis
Correlation Between Currency Pairs
- Discussion shifts to Dollar CAD analysis, noting how external factors like oil prices can disrupt expected correlations between currency pairs.
Distribution Insights Ahead of Economic Events
- Heavy distribution was observed leading up to significant economic events (e.g., ECB), indicating potential challenges for Dollar CAD rallying amidst a weak dollar environment.
Market Analysis: Dollar-Yen and Euro-Dollar Trends
Bearish Breaker in Dollar-Yen
- The analysis begins with a focus on the dollar-yen pair, highlighting a bearish breaker pattern where price creates a higher high before breaking down.
- A notable area for optimal trade entry is identified, emphasizing a sweet spot at 70.5 that leads to an aggressive sell-off.
Price Movements and Predictions
- Observations are made regarding potential trades lower as the market reacts to upcoming ECB numbers, indicating possible gaps in the dollar index.
- The discussion shifts to higher time frames, noting an untested low at 110.87 and predicting further movement towards levels around 109.50 to 109.60.
Market Dynamics and Reversal Scenarios
- Speculation arises about potential reversals or mean thresholds within overall consolidation ranges, depending on dollar index behavior.
- The speaker expresses skepticism about certain trading strategies but outlines scenarios for anticipated market movements.
Euro-Dollar Reaction to ECB Minutes
Key Levels and Price Action
- Transitioning to euro-dollar analysis ahead of ECB announcements, key resistance levels are noted at 120.91 with price action responding positively post-announcement.
- A lack of retracements is observed as price rallies through significant levels, suggesting strong bullish momentum.
Optimal Trade Entries
- An auto trade entry is highlighted at 120.43, indicating strategic buying opportunities within bullish order blocks formed by previous down-close candles.
Bitcoin Market Insights
Current Market Conditions
- The speaker shifts focus to Bitcoin using an hourly chart, discussing difficulties in regaining upward momentum after reaching highs around $19,700.
Market Sentiment and Predictions
- Observations indicate that Bitcoin may be following a market maker sell model with signs of distribution leading to potential further declines below $10,000.
Investor Behavior Analysis
- There’s speculation about investor sentiment driving prices lower as many holders aim just to break even rather than seeking profit targets above $20,000.
Market Predictions and Mentorship Insights
Bitcoin Price Predictions
- The speaker anticipates Bitcoin could drop to $5,000, suggesting that such a decline would scare many investors away from holding it.
- A price drop to $10,000 or $12,000 is expected to create panic among investors, especially if prices fall rapidly below $8,000 and approach $6,000.
- The speaker believes that a retest at the $5,000 level could lead to a bounce back towards $10,000 or even up to $12,000 before further declines are considered.
- If Bitcoin loses the support at one twenty cents (likely referring to another cryptocurrency), it may plummet down to sixty cents; this scenario seems unlikely but is presented as a possibility.
- The speaker expresses skepticism about current market conditions and suggests that significant drops below original consolidation levels could occur.
Mentorship Discussion
- Transitioning from market predictions, the speaker shifts focus to discussing their mentorship program for aspiring traders in cryptocurrency.
- There has been considerable interest in the ICT mentorship program; however, some existing members oppose reopening it due to previous issues with unauthorized sales of course material.
- The speaker emphasizes the importance of learning directly from them rather than purchasing materials from others who may not have comprehensive knowledge or resources.
- They clarify that their mentorship offers ongoing membership benefits with unique content not available through free platforms like YouTube or other tutorials.
- Members of the mentorship are part of an inner circle where exclusive discussions take place without sharing sensitive information outside the group.
Unique Teaching Philosophy
- The speaker reflects on their past experiences with online trading forums and critiques common methodologies taught there as lacking depth and understanding of market dynamics.
- They argue that many traders attribute success to luck rather than skill or knowledge about market behavior during accumulation or distribution phases.
- Emphasizing a structured approach over reliance on luck, they express confidence in their teaching methods which aim to provide insights not found in traditional literature.
Understanding Unique Trading Concepts
The Value of Original Insights
- The speaker reflects on the challenges of sharing their unique trading concepts, feeling that many have misappropriated or misunderstood their teachings.
- They emphasize a distinct approach to analyzing price levels, contrasting it with conventional support and resistance methods which they find overly simplistic.
- The speaker mentions using market profiles as roadmaps for price action rather than traditional interpretations, indicating a deeper understanding of institutional order flow.
Mentorship and Learning Process
- A specific template for weekly profiles is shared with mentorship students, highlighting the importance of structured learning in trading strategies.
- The speaker expresses concern about new students' eagerness to learn quickly, stressing that the concepts taught are deeply personal and require time to master.
Personal Journey and Financial Perspective
- They acknowledge the financial investment of $1,800 for mentorship but stress that this amount pales in comparison to the personal sacrifices made in developing these insights.
- Sharing their background, they relate to those who may struggle financially, emphasizing that value comes from unique knowledge not easily found elsewhere.
Community and Expectations
- The speaker notes that while many listeners engage with their content out of curiosity or humor, there is a significant interest in serious mentorship among others.
- They highlight an unexpected level of interest in mentorship programs due to consistent examples provided during discussions.
Realistic Learning Outcomes
- Students are reminded that mastery does not happen overnight; ongoing learning is essential even after joining the mentorship program.
- There’s an emphasis on understanding price action over immediate profitability; students should focus on developing skills rather than chasing quick gains.
Building a Supportive Environment
- The community aspect is stressed; members should view themselves as part of a collective focused on understanding price action across various asset classes.
Understanding the Value of Mentorship in Trading
The Emotional Investment in Mentorship
- The speaker emphasizes the emotional weight of mentorship, equating it to adopting their "kids" for 1800 hours, highlighting the trust placed in mentees.
- Concerns are raised about individuals with potentially nefarious intentions joining the mentorship purely for personal gain rather than genuine learning.
Integrity and Accountability
- The speaker recounts an incident where a dishonest individual was expelled from the program, underscoring that unethical behavior will eventually be exposed.
- A call for sincerity among participants is made; financial commitment does not guarantee compatibility or suitability within the group.
Expectations vs. Reality
- Many participants may feel disappointed as they expect immediate results from live sessions, which often do not yield quick outcomes.
- The speaker acknowledges that most live sessions may seem unproductive and stresses that this is a common complaint among mentees.
Ongoing Learning Process
- It is clarified that the mentorship extends beyond a 12-month period, with continuous teachings available to enhance understanding over time.
- Emphasis on foundational knowledge is crucial; tutorials provide essential insights necessary for grasping advanced concepts later on.
Importance of Engagement and Study Habits
- Mentees are encouraged to actively engage with content rather than passively consuming it; taking notes and minimizing distractions are vital for effective learning.
- A warning is issued against superficial engagement with materials; those who fail to invest effort may feel unfulfilled and consider leaving the program.
Reflection on Past Participants' Experiences
Understanding the Mentorship Commitment
Importance of Commitment in Mentorship
- The speaker emphasizes that participants must fully commit to the mentorship program, stating that if they leave, they cannot return. This is framed as a necessary business decision.
- The speaker clarifies that this policy is not personal but rather a matter of maintaining the integrity and seriousness of the training environment.
Attitude Towards Learning
- A strong sentiment against "dabblers" is expressed; those who do not take the program seriously are seen as disrespectful to the learning process.
- The speaker acknowledges that while free tutorials provide valuable information, they cannot compare to what is offered in mentorship.
Advanced Concepts and Skills Development
- The mentorship promises advanced insights into trading strategies, particularly regarding time and price action, which can lead to exceptional trading skills.
- Participants will learn how to anticipate market movements with precision, developing skills that may seem like "wizardry" to outsiders.
Psychological Aspects of Trading
- Emphasis is placed on understanding that 98% of successful trading involves mindset rather than technical chart analysis.
- Personal anecdotes highlight past losses due to reliance on traditional learning methods; real-world experience has shaped the current teaching approach.
Preparation for Live Trading
- After completing mentorship, participants are advised to spend 6 to 12 months in demo trading before considering live accounts. Rushing into live trading is deemed premature.
- The importance of emotional detachment from money during training is stressed; treating it like a college course helps foster a serious learning attitude.
Developing Independent Trading Models
- Successful mentees create their unique trading models without needing constant guidance from the mentor. They share their successes with gratitude instead of seeking validation.
- Testimonials from former students illustrate transformative experiences resulting from the mentorship, highlighting newfound confidence in understanding market dynamics.
Real-Time Application and Scalping Techniques
- The speaker discusses recent online demonstrations focusing on short-term intraday scalping techniques suitable for busy individuals who can't dedicate all day to trading.
Understanding the Mentorship Process in Trading
The Role of Educators and Traders
- The speaker reflects on the distinction between good traders and educators, emphasizing that many traders can create profitable setups but may not fully understand the underlying reasons for their success.
- Acknowledges the existence of skilled traders who share their live account histories, yet stresses that true understanding goes beyond just replicating trades.
Emotional and Psychological Grounding
- Discusses the importance of emotional stability in trading; making decisions under pressure (like having a "gun to your head") is common among traders but should be avoided.
- Highlights that mentorship focuses on developing a trader's mindset and behavior rather than simply providing trade signals.
Expectations from Mentorship
- Addresses misconceptions about mentorship; some participants expect to receive direct trade setups instead of learning how to think critically about trading.
- Warns potential mentees against joining if they are looking for quick fixes or immediate results, as the process requires significant time investment.
Long-Term Commitment to Learning
- Emphasizes that becoming proficient in trading takes years, with 12 months dedicated to core content in the mentorship program.
- Clarifies that while initial training lasts one year, ongoing support will continue beyond this period as part of a long-term educational commitment.
Structure and Access within the Program
- Describes how access to content is structured: after completing initial modules, students will receive one new trading model per month.
- Explains that live sessions are not available; instead, focus will be on recorded content due to time constraints faced by the educator.
Progression Through Content
- Encourages repeated engagement with materials over time for deeper understanding; reiterates that new content will not overwhelm learners but build upon foundational knowledge.
- Details how students must complete prior modules before advancing, ensuring everyone progresses at a similar pace without shortcuts.
Fairness in Learning Opportunities
- Stresses fairness in access to information; newer students won't have access to advanced materials until they complete earlier stages of learning.
Understanding the Mentorship Process
The Importance of Methodology
- The speaker emphasizes that their methodology is paramount, regardless of the audience's prior knowledge or qualifications. They assert that experience in teaching and trading underpins their approach.
Unique Insights on Price Action
- The speaker guarantees a deeper understanding of price action through their process compared to any other mentor or program available, highlighting the uniqueness of their teachings.
Broad Applicability Across Asset Classes
- Information shared is not limited to specific asset classes; the speaker plans to cover various assets, including cryptocurrencies like Bitcoin and Ripple, showcasing their predictive capabilities.
Learning Beyond Initial Training
- After completing the first 12 months of training, participants will need to immerse themselves in what they've learned. This phase is crucial for developing personal trading models.
Monthly Trading Models Introduction
- Starting January, new participants will receive one trading model per month as part of their learning process. This aims to provide practical guidance on building effective trading strategies.
Navigating Challenges in Learning
Expecting Difficulties and Growth
- The speaker prepares learners for challenges ahead, indicating that feelings of confusion are normal as they encounter complex concepts and reach new levels of understanding.
Continuous Depth in Understanding
- As learners progress, they will face plateaus where additional information may feel overwhelming but ultimately leads to greater comprehension about market dynamics.
The Role of Tools and Indicators
Misconceptions About Indicators
- The speaker warns against relying solely on indicators for decision-making in trading. They stress that understanding market mechanics is more critical than using tools without comprehension.
Emphasis on Manual Analysis
- Participants are encouraged to perform analyses by hand rather than depending on automated tools. This hands-on approach fosters a deeper connection with market data.
Understanding Market Dynamics
Contextual Relevance of Concepts
Understanding the Journey of Mentorship in Trading
The Reality of Becoming a Trader
- The speaker emphasizes that becoming a successful trader is not an overnight process; it requires significant learning and experience, especially during the initial years of mentorship.
- There is no guarantee of immediate profitability or quitting one's job quickly; instead, maintaining a job while learning is advised to ensure financial stability.
- The speaker reflects on personal experiences and hypothetical scenarios about what they would have done differently in their trading journey, providing models for mentees to consider.
Broader Financial Education Beyond Trading
- Discussions will extend beyond trading strategies to include wealth-building concepts often overlooked in traditional education, such as credit building and real estate investing.
- Plans are mentioned for future sessions focused on practical aspects of real estate investment, including property rehabilitation and rental income generation.
Creating a Legacy Through Knowledge Sharing
- The recordings serve as a life encyclopedia intended for the speaker's children and future generations, highlighting the importance of passing down knowledge.
- The speaker clarifies that while participants pay for access to mentorship, the primary motivation is to create lasting resources for their family rather than financial gain.
Personal Motivation Behind Mentorship
- A personal anecdote likens the creation of these educational materials to leaving behind a legacy similar to themes explored in movies about terminal illness and reflection on life’s purpose.
- Despite not needing financial compensation from mentorship fees, there is an emphasis on protecting original content through trademarks and patents.
Insights into Trading Methodology
- The speaker expresses confidence in their unique insights into trading concepts that may be unfamiliar or undervalued by others in the field.
- They highlight how their background in computer programming has shaped their understanding of market dynamics, leading to innovative perspectives on price action analysis.
Commitment to Continuous Learning
- Acknowledgment that daily live sessions provide ongoing opportunities for learning despite challenges like illness affecting voice quality during recordings.
- Emphasis on molding mentees' perceptions about trading practices rather than solely focusing on immediate profitable outcomes.
Preparing for a New Lifestyle
Understanding the Transition to Non-Traditional Work
- The speaker emphasizes the importance of mentally preparing for a lifestyle change away from traditional jobs, noting that many people struggle with this transition.
- Contrary to expectations, working from home and trading may not be as enjoyable as anticipated; unforeseen challenges can arise during this adjustment period.
- Many individuals who attempt this lifestyle find themselves overwhelmed by too much free time, leading some to return to traditional employment despite initial success.
Expectations in Mentorship
- The speaker discusses their selective approach to mentorship, expressing a desire for committed individuals rather than those who might disrespect or misuse the information provided.
- There is an emotional investment in teaching; the speaker aims to ensure that participants understand what they are getting into before joining the program.
Content Ownership and Respect
- The speaker highlights concerns about content theft and misrepresentation, stressing that they want students who appreciate the material rather than those looking to exploit it.
- They receive feedback on how their teachings are being used elsewhere and express frustration over others profiting from their work without proper credit.
Challenges with Previous Participants
- The speaker reflects on past experiences with uncommitted mentees, indicating relief when such individuals leave the program due to their lack of respect and understanding.
- Acknowledging personal investment in teaching, they assert that previous frustrations stemmed from dealing with impatient or ignorant participants.
Commitment to Teaching
- Despite challenges faced in mentorship roles, the speaker remains dedicated to educating others about trading and financial independence.
- They emphasize their extensive background in teaching these concepts for free prior to monetizing their knowledge through mentorship programs.
Addressing Misconceptions
- The speaker encourages potential mentees not to rely on hearsay but instead explore firsthand experiences with their content.
Understanding Commitment in Mentorship
The Nature of Belief and Commitment
- The speaker emphasizes the strength and reliability of their methods, asserting that they are "bulletproof" and encourages others to explore them for themselves.
- They challenge listeners to consider who could change their mind about joining the mentorship, suggesting that true commitment cannot be swayed by external opinions.
- If someone can be easily convinced not to join, it indicates a lack of genuine interest or belief in the program's effectiveness.
The Importance of Full Commitment
- The speaker expresses a strong preference for students who are fully committed (120%) to the process, warning against those who may question or hesitate.
- They highlight that other educators might avoid rigorous training methods due to fear of negative publicity, contrasting this with their own approach which prioritizes student growth over reputation.
Financial Perspective on Investment
- Concern is voiced for individuals struggling despite investing time and energy into learning; the speaker believes $18 is a minimal sacrifice compared to typical spending habits.
- They argue that many people waste significant amounts on trivial expenses like fast food or video games instead of investing in personal development.
Timing and Opportunity Cost
- Delaying entry into mentorship creates a widening gap between different classes of students, making it harder for latecomers to catch up.
- The longer one waits, the more frustrating it becomes as earlier cohorts progress further ahead in their learning journey.
Long-term Engagement and Community Support
- The speaker reassures potential mentees about their long-term commitment to providing value through ongoing support and community engagement.
- They express enthusiasm for maintaining an active community where shared energy fosters motivation and inspiration among members.
Navigating Mentorship Enrollment
Understanding Enrollment Process
- A transition occurs where the speaker addresses common issues regarding enrollment links not functioning properly.
- Listeners are directed to watch an introductory video that outlines what they can expect from the mentorship program.
Content Breakdown and Access Terms
- A PDF file is mentioned which details core content covered in the mentorship, clarifying what participants will receive upon payment.
- After paying $1,800, there are no additional fees; access continues as long as satisfaction criteria are met.
Lifetime Membership Benefits
- Upon achieving satisfaction with course content, members gain lifetime access without further payments; they also receive recognition as charter members within the community.
Mentorship Guidelines and Payment Structure
Importance of Confidentiality
- The speaker emphasizes the importance of not sharing mentorship content on social media, warning that doing so could lead to account loss.
- Documentation is in place to prove any violations, including time-stamped video evidence, which will be used if complaints arise about account termination.
Communication Protocol
- Participants are encouraged to use a dedicated forum for communication rather than public platforms; this ensures privacy and focused responses from the mentor.
- A video outlining product descriptions and expectations is recommended for all participants to watch.
Payment Terms
- Payments are manual and must be made monthly over 12 months at $150 each; automatic payments are no longer an option due to previous issues.
- Participants must understand that there are no refunds unless it’s a double payment error; clarity on financial commitments is stressed.
Risk Disclosure and Account Management
- All training occurs in demo accounts across various asset classes (bonds, futures, commodities, etc.), with no live trading advice provided to prevent monetary losses.
- Participants must ensure their PayPal information matches their personal details for verification purposes; discrepancies will result in disqualification from the mentorship.
Verification Process
- The mentor requires verified addresses linked to PayPal accounts as part of the sign-up process; failure to comply results in cancellation of access.
- The necessity for thorough verification aims to prevent scams within the mentorship program; only one refund has been issued under specific circumstances.
Accountability and Legitimacy
- The mentor maintains compliance with U.S. regulations by operating solely within demo accounts while providing educational content.
Enrollment Process Overview
Understanding the Enrollment Link
- The speaker emphasizes the importance of agreeing to the terms presented in the video before proceeding with enrollment. A link is provided that directs viewers to a specific webpage on their website.
Importance of Correct Email Submission
- Viewers are instructed to check the URL for proper access and understand that this stage of enrollment is crucial for segregating individuals who may already be enrolled in mentorship.
Clarification on Mentorship Participation
- The speaker addresses concerns from individuals who believe they might miss out on content, clarifying that new classes will have pre-recorded videos and live sessions distinct from previous ones.
Avoiding Duplicate Enrollments
- It is reiterated that those already in mentorship should not submit their email again, as it complicates verification processes. The speaker has a list of past participants and can easily identify them.
No Refund Policy and Signature Requirements
- Participants must agree to a no refund policy before submitting their email. They will also need to digitally sign documentation, ensuring clarity about their identity as per PayPal records.
Digital Signature Instructions
- Clear instructions are given regarding how to sign documents digitally using Adobe Sign, emphasizing that signatures must be legible and correspond with official names used in payment systems.
Consequences of Non-compliance
- If participants fail to follow instructions after three attempts at signing, their money will be refunded, and they will not be allowed into mentorship. This strict policy aims to maintain order within the program.
Final Notes on Mentorship Expectations
Understanding the Mentorship Program
Overview of Enrollment and Terms
- The speaker clarifies that they are not providing financial advice but sharing personal experiences and insights on what they would do differently if given a chance.
- Participants must submit their email to join a list; issues with link functionality in emails have been reported, prompting this detailed explanation.
- The program consists of 12 pre-recorded modules, emphasizing that it is not a live signal service or mentorship where participants interact daily.
- By entering their email, participants agree to the terms outlined, including understanding the refund policy and risk involved in the program.
Payment Process and Access Details
- After payment via PayPal, there is a five-business-day setup period (excluding weekends), during which access will be granted to the mentorship forum.
- Participants will receive two sets of login credentials: one for the mentorship forum and another for tutorial links. Password changes are limited to specific accounts only.
Account Security and Usage Policies
- The speaker emphasizes strict monitoring of account usage through ISP addresses; sharing login information will lead to account deactivation.
- A temporary password will be provided upon enrollment, which participants are encouraged to change for security purposes. However, passwords for tutorial links cannot be altered.
Consequences of Policy Violations
- If multiple ISP addresses are detected accessing an account, it will be considered abuse. Users must refrain from accessing their accounts while away from home or work.
- The speaker warns against potential chargebacks through PayPal if accounts are deactivated due to policy violations; evidence can support claims against such actions.
Commitment to Content Integrity
- There is a strong conviction regarding content integrity; any unauthorized sharing of materials may result in withholding future teachings or content updates.
Mentorship Insights and Expectations
Importance of Respecting Information
- The speaker emphasizes the significance of keeping shared information private, highlighting that this group is unique and will not last indefinitely.
- Trust is a key theme; the speaker hopes to share valuable insights but has faced issues with students misusing the information for personal gain.
Commitment to Learning
- The journey of learning is described as long and arduous, requiring significant effort and dedication from students.
- The speaker asserts that even past students cannot replicate the depth of knowledge being taught due to their lack of experience in future teachings.
Community Dynamics
- There’s a warning against sharing content publicly; doing so could lead to consequences, including public examples made by the speaker.
- The speaker expresses indifference towards business success, indicating a position where they can be candid without fear of repercussions.
Professionalism in Mentorship
- A call for professionalism within the group is made; disrespectful behavior will result in withholding information from those who do not adhere to community standards.
- Students are reminded that they are part of an intimate community where respect for one another and the mentor's content is crucial.
Learning Structure and Flexibility
- The mentorship offers a unique opportunity for self-paced learning compared to previous cohorts who had fixed schedules.
Membership and Mentorship Insights
Understanding the Value of Membership
- The speaker emphasizes that they are offering a lifelong membership rather than just selling videos, highlighting the importance of ongoing mentorship.
- They express excitement about providing continuous support until they can no longer articulate their thoughts, indicating a commitment to their community.
Unique Learning Experience
- The speaker aims to create a unique learning experience, aspiring for others to write books about them due to the revolutionary concepts they plan to share.
- They believe that the knowledge they possess is not widely known and are eager to reveal new ideas that have never been discussed before.
Gradual Sharing of Knowledge
- The speaker acknowledges that sharing advanced concepts will take time and requires trust from the community.
- They assert that the foundational content provided in the first two years is sufficient for success, suggesting it could stand alone without additional material.
Passion for Teaching and Impacting Lives
- The speaker compares their passion for trading knowledge to an addictive experience, emphasizing how transformative learning can be.
- They reflect on past experiences trying to inspire friends and family but recognize varying levels of interest in mentorship among them.
Legacy and Future Generations
- The speaker expresses frustration over their children's lack of interest in learning valuable skills, wishing for them to carve out their own legacies.
- They hope future generations will benefit from their teachings, wanting grandchildren or great-grandchildren to look back at their contributions positively.
Motivation Beyond Financial Gain
- The speaker clarifies that their goal isn't financial wealth but rather impacting lives positively through mentorship.
Testimony of Passion and Impact
The Importance of Sincerity in Teaching
- The speaker emphasizes the desire to provide a heartfelt testimony about their efforts, highlighting sincerity and passion as key drivers behind their work.
- They express vulnerability, stating that they wear their heart on their sleeve, which is essential for authenticity in teaching and mentorship.
Personal Experiences Shaping Motivation
- The speaker reflects on personal struggles with jobs and feelings of hopelessness, motivating them to empower others through mentorship.
- They share how martial arts and weightlifting were once outlets for stress but shifted focus towards helping others after family life changes.
A Call to Action for Change
- The speaker believes that being blessed comes with the responsibility to help others think differently about their lives and interactions.
- They aim to shape decent human beings through education in trading, emphasizing the importance of understanding price action.
Seeking Meaningful Stories from Others
- The speaker expresses a desire to hear impactful stories from individuals who have changed lives through newfound skills or opportunities gained from mentorship.
- They highlight the joy derived from witnessing transformations in people's lives, positioning themselves as a catalyst for positive change.
Emotional Connections Through Feedback
- Sharing experiences brings immense joy; the speaker feels fulfilled when they see real-life impacts of their teachings reflected back at them.
- They describe how receiving video testimonies allows them to connect faces and voices with names, enhancing the emotional significance of their work.
Reflection on Influence and Gratitude
- The speaker acknowledges feeling privileged despite humble beginnings, recognizing the global impact they've had over time.
Emotional Connections and Community in Trading
The Impact of Shared Experiences
- The speaker reflects on the emotional significance of family moments, particularly during Christmas, highlighting how shared experiences can create deep connections.
- Acknowledges the duality of his online persona as a trader versus his personal self, emphasizing authenticity in sharing life experiences with the audience.
- Expresses gratitude for feedback from followers, which motivates him to continue sharing knowledge and reinforces that his efforts are valued.
Building a Supportive Community
- Discusses the importance of community over traditional business models; he desires an environment where everyone feels comfortable asking questions and engaging openly.
- Shares personal anecdotes about receiving heartfelt messages and gifts from followers, illustrating the warmth and connection within this community.
Teaching Philosophy and Approach
- Describes his teaching style as spontaneous and driven by real-time interactions during live sessions, rather than scripted presentations.
- Emphasizes that many teaching topics arise organically based on student inquiries, showcasing adaptability in addressing learners' needs.
Overcoming Challenges in Trading
- Reflects on past struggles during trading dry spells, stressing the importance of resilience and learning from both successes and failures.
- Warns against relying solely on inexperienced traders for guidance; advocates for learning from those who have faced significant challenges in their trading journey.
Passion for Trading Education
- Shares his intense passion for trading, likening it to a vital part of his existence while also valuing family relationships.
Response to Personal Struggles and Faith
The Role of Faith in Personal Journey
- The speaker reflects on their personal struggles, emphasizing the feeling of isolation and the necessity of self-reliance. They express a belief in God, acknowledging that faith is a personal journey that cannot be imposed on others.
- The speaker clarifies their stance on faith, stating they do not claim to be a perfect Christian or advocate for religious beliefs but recognize the influence of their faith in shaping their life experiences.
Humility Through Adversity
- They discuss how past adversities, particularly related to trading, have humbled them and transformed their ego. This transformation has led to a deeper understanding of where blessings originate.
- The speaker shares that while they present themselves humorously online, there are profound depths to their humility that remain unshared with the audience.
Perspective on Wealth and Success
- Emphasizing gratitude for blessings received from above rather than material success, the speaker highlights that true fulfillment comes from meaningful relationships rather than wealth accumulation.
- They argue against pursuing superficial lifestyles focused solely on material possessions, suggesting instead that genuine substance in life is more rewarding than financial gain.
Inspiring Others Through Mentorship
- The speaker expresses pride in students who aspire to use their skills for altruistic purposes, such as building soup kitchens for those in need. This contrasts with typical desires for luxury items.
- Reflecting on personal growth, they note how previous motivations centered around materialism have shifted towards valuing rich relationships and shared experiences over possessions.
Sharing Knowledge and Resources
- The importance of sharing life stories and experiences is emphasized; the speaker seeks authentic connections rather than transactional relationships based solely on financial exchanges.
Understanding the Mindset for Success in Mentorship
Importance of Mindset and Engagement
- The speaker emphasizes the need for a proper mindset before engaging in mentorship, indicating that understanding the process is crucial to avoid wasting time and money.
- They express a desire for participants to be committed and willing to put in hard work, highlighting that success requires effort and dedication.
- The community aspect of mentorship is presented as a positive environment where individuals are not judged against others, fostering healthy interactions.
Selection Criteria for Participants
- The speaker mentions their intention to filter out those who may not be serious about the mentorship, stating they could easily make money but prefer genuine engagement from participants.
- They clarify that they seek individuals who share similar values regarding price action and personal development rather than just customers looking for quick gains.
Personal Connection and Community Building
- A personal connection is emphasized; the speaker desires friendships with like-minded individuals who share an interest in market discussions.
- They reflect on their own experiences of feeling isolated in their interests, which drives their passion for building relationships within this community.
Call to Action for Potential Participants
- The speaker encourages viewers to take action by enrolling properly in the mentorship program instead of merely opening emails without following through.
- They stress the importance of completing necessary steps to ensure everyone can start together, emphasizing organization and respect for privacy.
Managing Expectations and Privacy Concerns
- The speaker outlines their approach to handling participant information personally, ensuring confidentiality while managing enrollment processes effectively.
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