2023 ICT Mentorship - Review Of The Interactive Study 09/01/23 NFP NQ Short

2023 ICT Mentorship - Review Of The Interactive Study 09/01/23 NFP NQ Short

Analysis of NASDAQ Futures for September 2023

Overview of the Weekly Chart

  • The speaker introduces the analysis of the NASDAQ futures contract for September 2023, focusing on a weekly chart that highlights the previous week's low and high.
  • A proprietary concept called "TGIF setup" is introduced, which involves retracing 20-30% of the weekly range. This method has been effective since 1998 and is not widely discussed in literature.

Understanding TGIF Setup

  • The TGIF setup indicates a bullish week where a high is formed, followed by an anticipated retracement to 20-30% of that range.
  • The speaker challenges the notion that market movements are random, arguing against the idea that supply and demand solely dictate price movements.

Daily Chart Analysis

  • The daily chart shows shaded areas representing sell-side balance and efficiency. Key levels are identified based on candle highs and lows.
  • Prior to market opening, there was a drop after reaching certain highs, creating a fair value gap which was significant for trading decisions.

Trade Execution Insights

  • The speaker discusses observing buy stops from traders anticipating breakout moves. They express skepticism towards trend line breakouts as reliable indicators.
  • A live trade scenario is presented where real money is used in a CFTC regulated broker environment, emphasizing practical application over theoretical discussion.

Market Movement Expectations

  • Anticipation exists for price movement through specific levels without respect to prior ranges; this reflects confidence in market behavior based on historical patterns.
  • The target for weekly range retracement was set at 15,455 with actual trading hitting slightly below this level at 15,454.

Live Trading Experience

  • A live account demonstration begins with short positions taken as prices approach identified fair value gaps. Stop-loss strategies are discussed regarding risk management.
  • Divergence between NASDAQ and S&P signals potential market behavior discrepancies; this insight adds depth to trading strategy considerations.

Live Trading Insights and Strategies

Legality and Transparency in Trading

  • The speaker emphasizes the importance of legality in trading, stating it would be illegal to misrepresent their activities as live fund trading if they were not. They prioritize honesty over gaining popularity or "clout."

Trading Strategy Execution

  • The speaker discusses moving their stop loss to better than break even while executing a full entry strategy, indicating confidence in the trade's direction without partial exits.
  • They express an intention to watch the price move down into sell-side liquidity, suggesting a belief that the market will continue to decline.

Educational Resources for Traders

  • The speaker references a previous promise made during a Twitter space about demonstrating how to generate $15,000 in real money from a real account, highlighting their commitment to transparency.
Video description

Government Required Risk Disclaimer and Disclosure Statement CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN Trading performance displayed herein is hypothetical. Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance trading results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. U.S. Government Required Disclaimer – Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person’s investment objectives, financial situation and particular needs. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results. Simulated performance results contain inherent limitations. Unlike actual performance records the results may under or over compensate for such factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profits or losses to those shown. The risk of loss in trading can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. If you purchase or sell Equities, Futures, Currencies or Options you may sustain a total loss of the initial margin funds and any additional funds that you deposit with your broker to establish or maintain your position. If the market moves against your position, you may be called upon by your broker to deposit a substantial amount of additional margin funds, on short notice in order to maintain your position. If you do not provide the required funds within the prescribed time, your position may be liquidated at a loss, and you may be liable for any resulting deficit in your account. Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, when the market makes a “limit move.” The placement of contingent orders by you, such as a “stop-loss” or “stop-limit” order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

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