ICT Rant & EurUsd Example For "Proof" of concept

Welcome Back and Mentorship Updates

Introduction to the Video

• The speaker expresses gratitude for viewers' patience due to a busy schedule with mentorship enrollments and holiday plans.

• Two videos are planned: one general video and another specifically for those interested in mentorship enrollment.

Addressing Viewer Perceptions

• The speaker acknowledges criticism regarding their assertive communication style, clarifying that it stems from confidence built over nearly three decades of experience.

• They emphasize that bluntness is not arrogance but rather a straightforward approach to sharing knowledge.

Critique of Other Educators

Observations on Trading Education

• The speaker critiques other educators who boast about their trading success without providing substantial evidence or insights into their methods.

• They highlight the issue of educators showcasing only profitable trades without revealing the execution process or underlying logic.

Misleading Practices in Trading

• Many traders rely on flashy presentations to attract attention, which can mislead viewers about their actual trading skills.

• The speaker notes that they do not need YouTube for income, contrasting with others who may exploit followers for financial gain.

Personal Challenges and Future Plans

Personal Adversities

• The speaker shares personal challenges faced while creating content, including pressure from friends and trolls attempting to discredit them.

• They express a desire to step back after completing current mentorship commitments, indicating a shift in focus towards private community discussions.

Changes Ahead

• While the YouTube channel will remain active, future content will be limited to previously discussed topics rather than new material.

The Value of Authenticity in Mentorship

Criticism of Competitors

• The speaker addresses competitors who mimic their teachings without giving credit, emphasizing the importance of originality in education.

Commitment to Student Success

• Unlike many online mentors who charge recurring fees, the speaker aims for genuine student success without ongoing financial obligations.

• They challenge critics by inviting them to demonstrate what they teach through practical application.

Trading Tools and Techniques

Introduction to TradingView

• The speaker introduces TradingView as a platform used for demonstrating trading techniques, acknowledging potential skepticism about using paper trading features.

Emphasis on Skill Validation

Understanding Market Dynamics and Personal Insights

Overview of the Euro Dollar Movement

• The speaker discusses the aggressive upward movement of the Euro Dollar on a 15-minute time frame, indicating significant market activity.

Addressing Misrepresentation and Fraud

• The speaker expresses concern about individuals in third-world countries misusing their content to deceive others into trading scams, claiming no affiliation with these fraudulent actors.

• They clarify that they do not operate chat rooms or broker affiliations, distancing themselves from those who exploit their brand for personal gain.

• The speaker emphasizes that many who claim to have mentorship pieces are only presenting fragments of their teachings, misleading followers about the depth of knowledge available.

The Value of Authentic Learning

• Despite excitement from new followers regarding concepts shared on the channel, the speaker insists there is much more valuable information yet to be revealed.

• They acknowledge receiving numerous emails from followers but express gratitude for this engagement while highlighting challenges in managing such volume.

Commitment to Teaching and Sharing Knowledge

• The speaker invites viewers to explore lessons on their YouTube channel, asserting that truth underpins their teachings and challenging skeptics to find proof within their content.

• They clarify misconceptions about being the originator of "smart money" concepts, stating they have authored foundational ideas rather than invented them.

Passion for Mentorship Amidst Challenges

• The speaker notes an abundance of untapped knowledge ready for sharing and reassures viewers that they will continue providing insights without running out of ideas.

• They reflect on viewer curiosity regarding chart analysis and setup framing as motivation behind creating educational videos despite feeling no obligation to do so.

Balancing Workload with Passion

• While expressing love for teaching, the speaker admits that managing a large mentorship program can be taxing and may detract from their passion for trading.

• They recognize diverse personalities among mentees vying for attention but remain committed to delivering quality education despite these challenges.

Communication Style and Engagement Strategy

• The speaker acknowledges potential viewer impatience during lengthy discussions but explains that thorough communication anticipates common questions arising from content consumption.

• Their extensive experience allows them to predict audience inquiries effectively, leading them to provide comprehensive explanations throughout videos.

Understanding the Importance of Learning and Mentorship

The Challenge of Being Teachable

• The speaker addresses a common attitude among students who feel overwhelmed by information, suggesting that this reflects an unteachable mindset rather than a flaw in the teaching method.

• Emphasizes the importance of humility in learning, stating that if one seeks knowledge from someone more experienced, they should be open to receiving it without preconceived notions.

Commitment to Student Success

• The speaker expresses a deep commitment to student success, claiming to care more about their achievements than anyone else might.

• Highlights the struggle many face today and how his free content has been misappropriated by others for profit, underscoring his dedication to providing value.

Teaching Methodology

• Discusses his approach of breaking down complex concepts into manageable parts while ensuring comprehensive understanding through detailed explanations.

• Points out that simply providing trade entry points without context would leave students confused and feeling cheated.

Addressing Entitlement Mindset

• Critiques a sense of entitlement prevalent in today's generation, where some believe they deserve help without effort or compensation.

• Clarifies that while he offers valuable free content on YouTube, those who cannot achieve consistency with it may not be ready for mentorship.

Community and Accountability

• Asserts that only those willing to engage seriously with the material will benefit from mentorship; laziness disqualifies potential mentees.

• Stresses that successful students are those who embrace the outlined processes rather than seeking shortcuts or secretive methods.

Practical Application vs. Theory

• Contrasts theoretical knowledge with practical application found in mentorship sessions, emphasizing real-time market analysis over mere predictions.

• Challenges others in the field to demonstrate their trading skills live instead of discussing strategies from a safe distance.

Transparency in Trading Practices

• Describes his willingness to conduct live demonstrations using TradingView, asserting confidence in his methods and transparency regarding execution.

Understanding Trading Skills and Market Insights

The Reality of Young Millionaires in Trading

• Many self-proclaimed young millionaires lack essential trading skills, such as executing trades, using stop losses, and managing positions effectively.

• The speaker emphasizes a binary belief system regarding their insights: either one believes in their methods or does not; skepticism is discouraged.

Proven Predictions and Market Analysis

• The speaker claims to have accurately predicted market movements for currencies like the dollar and euro multiple times, asserting a track record of success.

• They clarify that their approach does not rely on common indicators or strategies often discussed by others in the field.

Originality and Expertise

• The speaker asserts they are the originator of unique trading concepts that are not found in existing literature, claiming future recognition for their contributions.

• They draw parallels to historical figures in trading, suggesting they are experiencing a pivotal moment akin to those great traders.

Encouragement for Aspiring Traders

• The speaker invites viewers to join them on this journey without needing formal mentorship; subscribing to their channel is sufficient for learning.

• Acknowledges the challenges ahead for new traders while encouraging them to strive for independence rather than relying solely on external guidance.

Overcoming Adversity in Learning

• Emphasizes that mastering trading takes time and perseverance; many may be deterred if they knew how long it would take initially.

• Questions what evidence would convince skeptics of their predictive abilities, highlighting the need for tangible proof over entitlement.

Value of Free Content vs. Paid Mentorship

• Addresses those who cannot afford mentorship but still provides valuable content through free resources available on YouTube.

• Critiques the expectation that learning should be simple and straightforward when it often involves complex concepts requiring deeper understanding.

Misunderstandings Among Learners

• Points out confusion among individuals who attempt to learn from pirated materials without proper guidance or context from original sources.

Testing Knowledge Against Real Ability

• Introduces an analogy comparing expert golfers demonstrating skills with how others should recognize true expertise when presented with it.

Insights on Trading and Authenticity in the Market

The Mastery of Golf and Its Relevance

• The speaker discusses a renowned golfer, emphasizing that while he may not win every championship or make every shot, he is still considered elite in the sport. This serves as a metaphor for expertise in trading.

The Importance of Genuine Execution

• The speaker expresses frustration about lacking an outlet to communicate thoughts, highlighting a contrast between those who claim to understand algorithmic trading and those who can genuinely execute trades.

Critique of Misleading Trading Practices

• A strong stance is taken against individuals sharing screenshots of already open trades, asserting that true smart money should be able to predict outcomes before they happen.

• Many traders do not use stop losses but justify it by claiming they are on the right side of the market; this notion is critiqued as misleading.

Understanding Institutional Trading Strategies

• The speaker explains that large institutions often hedge their positions rather than using stop losses, which many novice traders misunderstand.

Call for Transparency in Trading Proof

• There’s a challenge posed to those who flaunt wealth from trading without showing actual proof of their success through transparent execution.

• The speaker contrasts his own approach—showing genuine results—with others who focus on material displays rather than demonstrating how they achieved financial success through trading.

Personal Experience and Authenticity

• While the speaker possesses luxury items, he emphasizes that he does not showcase them excessively; instead, he focuses on teaching concepts unique to his experience.

• He reflects on changing his delivery style over time to provide more valuable content rather than focusing on superficial aspects like image or persona.

Commitment to Teaching and Execution

• A commitment is made to deliver quality content without resorting to sensationalism or foul language, aiming for clarity and effectiveness in teaching trading strategies.

Challenges Ahead in Trading Markets

• The importance of understanding market logic is emphasized; traders should be able to articulate their reasoning behind predictions clearly.

• Acknowledgment that video content may be compressed for viewer engagement while maintaining educational value through detailed annotations during live executions.

Conclusion: Confidence in Market Knowledge

Market Repricing and Trading Insights

Understanding Market Dynamics

• The speaker discusses aggressive market repricing, emphasizing that such events are common in trading. They highlight the importance of returning to normalcy for effective trading strategies.

• Acknowledges community skepticism regarding trade exits, explaining that their teaching approach is based on real-time examples rather than hindsight.

Teaching Methodology

• The speaker emphasizes a modular and conceptual teaching style, allowing concepts to be applied across different time frames. This session aims to address numerous requests for live chart analysis.

• Describes the process of preparing a fresh chart during the New York session, showcasing how they outline potential market movements before they occur.

Community Engagement

• Mentions sharing insights directly with their community through video annotations and timestamps, reinforcing transparency in their teaching methods.

• Encourages viewers to actively engage with content by taking notes while watching videos, stressing the importance of recording questions and concerns for deeper understanding.

Learning Approach

• Advises against passive viewing; instead, suggests an active learning approach using notebooks to capture key insights from videos.

• Highlights specific topics covered in mentorship programs versus YouTube content, indicating that while not all concepts are fully explained online, valuable information is still available.

Critique of Retail Logic

• The speaker critiques retail trading logic and claims many individuals lack the necessary skill set despite using industry jargon. They aim to protect those who might fall victim to misleading teachings.

• Addresses criticism from some viewers who may find lecture-style content unhelpful; asserts that thorough education is essential for success in trading.

Clarifying Concepts

• Discusses terminology used within the industry (e.g., "buy side" vs. "sell side inefficiency") and clarifies misconceptions about various trading strategies taught by other mentors.

• Challenges common beliefs about harmonic patterns and Fibonacci ratios as indicators for market movement, asserting that these methods often lack practical application without proper skill behind them.

Evidence-Based Teaching

• Emphasizes the need for evidence-based approaches in trading education; encourages viewers to compare different methodologies critically rather than accepting them at face value.

• Advocates for utilizing free educational resources over paid ones when better quality information is available publicly; stresses comparing results as a means of validating effectiveness.

Technical Analysis Focus

Understanding Candle Analysis and Market Dynamics

The Importance of Candle Levels

• The speaker discusses the significance of precise candle levels, specifically mentioning a level of 1.19730 pipettes as "perfect."

• Emphasizes that he outlines entire order blocks rather than just focusing on midpoints or extremes, showcasing a deeper understanding of market structure.

Unique Insights into Order Blocks

• The speaker claims to possess knowledge about how order blocks operate, including their full range usage and specific price points like wicks and bodies.

• He expresses confidence in his unique insights, stating that while others may not understand these concepts, he is unwilling to share certain proprietary knowledge.

Personal Journey and Beliefs

• The speaker attributes his trading insights to divine revelation rather than traditional education or mentorship, emphasizing a spiritual connection to his success.

• He acknowledges differing beliefs among listeners but stands firm in his conviction regarding the source of his knowledge.

Critique of Industry Norms

• Critiques younger traders who attempt to replicate his methods without proper credit or understanding.

• Mentions two individuals (Tobias and Parson), who have provided him with contrasting views on market dynamics that challenge conventional retail trading wisdom.

Misconceptions About Market Makers

• Clarifies misconceptions surrounding market makers versus dealers, asserting that true market makers are involved at the foundational level of price creation.

• Discusses how prices are not arbitrary but controlled by underlying strategies and plans within the marketplace.

Disputing Other Trading Approaches

• Critiques Steve Morrow's trading approach as derivative and ineffective compared to his own teachings from earlier lectures.

Understanding Market Dynamics and Trading Narratives

The Role of Traditional Market Makers

• Before electronic trading, market makers were a group of men who delivered price information using raw numbers rather than charts.

• They kept track of key levels such as previous week's highs and lows, which informed their trading decisions.

• The concept of "beating the market maker" is critiqued as a contrived narrative that emerged from marketing strategies in the 90s.

Critique of Trading Myths

• The speaker challenges exaggerated claims about trading success stories, emphasizing the absurdity of some narratives surrounding market makers.

• Anecdotes about insider knowledge or special deals (e.g., buying information for $20,000) are dismissed as unrealistic.

• The promotion of "smart money concepts" is viewed skeptically; the speaker urges caution against believing everything seen online.

Encouraging Respectful Engagement in Trading Communities

• Traders are encouraged to approach mentors respectfully rather than confrontationally to foster better communication and learning opportunities.

• A polite inquiry into a mentor's methods can lead to more productive discussions and insights into their trading strategies.

Request for Practical Demonstrations

• The speaker expresses willingness to demonstrate trading techniques on platforms like TradingView if asked politely by followers.

• He emphasizes that if someone claims expertise in predicting market movements, they should be able to outline their reasoning clearly before trades occur.

Personal Insights on Trading Techniques

• Despite being busy with mentorship and content creation, the speaker values sharing knowledge through practical examples on blank charts.

• He acknowledges requests from viewers for clarity on his trade execution processes and aims to enhance confidence in his methods.

• The current bullish outlook for the Euro is discussed alongside broader strategies applicable across various markets beyond Forex.

Entry Techniques and Trading Insights

Understanding Entry Opportunities

• The speaker discusses the concept of an "order block" and its significance in trading, emphasizing that it can be extended over time, specifically to noon, indicating potential price action sensitivity.

• Five distinct entry techniques are identified based on market movements: buying at various retracement points and reclaiming order blocks, showcasing multiple opportunities for traders.

Importance of Mentorship and Learning

• The speaker argues for the necessity of mentors to provide clear outlines and visual representations of their trading strategies, enhancing understanding for learners.

• Emphasizes the importance of real insight gained through experience rather than relying on luck or sporadic successful trades from mentors.

Self-Reliance in Trading Decisions

• The speaker encourages viewers to reflect on their own trading decisions and thought processes during live trades, highlighting the need for self-reliance when mentors are unavailable.

• Discusses the challenges faced by traders who may not have immediate access to guidance, stressing the importance of developing confidence in holding positions independently.

Critique of Chat Rooms and Learning Environments

• Criticism is directed towards chat rooms where inexperienced individuals seek advice from others who may lack knowledge, suggesting this approach hinders true learning.

• The speaker advocates for independent thinking among traders instead of being tethered to a mentor's signals; emphasizes that reliance on others can lead to detrimental outcomes if those sources become unavailable.

Backtesting Strategies

• Highlights the value of backtesting using replay functions but notes limitations compared to live trading scenarios. Encourages traders to engage with real-time price action for better learning experiences.

Understanding Independence in Trading

The Value of Self-Reliance

• The speaker acknowledges the existence of profitable chat rooms for trading but emphasizes the importance of independence in making one's own financial decisions.

• They argue that being able to create your own income is more favorable than relying on others, highlighting a desire for autonomy in financial matters.

Mindset and Personal Growth

• The speaker encourages adopting a mindset akin to an apex predator, stressing the need to learn how to "hunt" or trade independently without waiting for guidance from others.

• They express no obligation to cater to skeptics who question their methods, indicating that external validation is not necessary for personal success.

Overcoming Negativity

• The speaker warns about the negativity one might face when sharing successes in trading, noting that many will dismiss achievements as luck rather than skill.

• They emphasize the importance of finding internal significance and confidence in one's abilities instead of seeking approval from others.

The Role of Evidence in Trading Success

Importance of Proof

• The speaker discusses the necessity of providing evidence for trading success, suggesting that this proof holds more value than mere claims or demonstrations.

• They mention having MT4 accounts used by their sons for practice but refrain from disclosing broker details due to past issues with account closures.

Addressing Misconceptions About MT4

• Acknowledging skepticism around MT4's integrity, they reference Adam Webb's work and propose a challenge regarding potential manipulation within MT4 accounts.

• The speaker offers $2000 for demonstrating how MT4 can be manipulated, aiming to expose misconceptions surrounding its reliability linked with MyFXBook.

Clarifying Trading Education

• They clarify their intention behind offering mentorship: teaching reoccurring patterns rather than providing live fund trading instruction or signal services.

How to Decipher and Read Price Action

The Importance of Personal Responsibility in Trading

• The speaker emphasizes that learning to read price action is a personal skill, and the decision to trade live funds should be made independently by the learner.

• He highlights the inevitability of losses in live trading, stating he does not want the responsibility for others' financial decisions or outcomes.

• The speaker advocates for paper trading as a safer way to learn, comparing it to juggling safe objects rather than dangerous ones.

Risks of Trading Without Knowledge

• Using an analogy about juggling sharp knives versus safe items, he stresses that entering markets without proper knowledge can lead to significant harm.

• He criticizes reliance on platforms like MyFXBook, arguing that they do not provide real insights into market behavior or trading success.

Learning from Experience

• The speaker reflects on his past experiences with various trading courses and books, noting that most did not lead to profitable trading outcomes.

• He expresses frustration over falling victim to misleading information in the 90s and emphasizes the importance of understanding market logic through charts.

Recommended Resources for Traders

• Among the few useful texts he mentions are "Money Management" by Ralph Vince and "How to Trade for a Living" by Alexander Elder.

• He refers to John Murphy's book as essential reading for retail traders but suggests flipping its teachings upside down based on institutional order flow.

Developing a Profitable Mindset

• The speaker encourages traders to assess whether the market is bullish or bearish before applying traditional analysis methods inversely.

• Sharing his own journey, he recounts how recognizing his mistakes led him toward more successful trades after initially struggling with commodities.

Realizing Market Dynamics

• He explains his first experience with shorting live cattle futures, illustrating how intuition combined with chart analysis can yield positive results.

Understanding Risk Management in Trading

The Importance of Starting Small

• When beginning demo or paper trading, focus on minimizing risk. Start by asking yourself what the least amount you can risk is.

• Emphasizing a gradual approach to increasing risk, it's crucial to start with minimal investment and build up step by step to avoid overwhelming losses.

• To succeed in trading, one must often go against the prevailing market trends and sentiments, which can lead to better outcomes than following the crowd.

Contrarian Trading Strategies

• Observing chat rooms for popular trades (e.g., buying Euro) can be misleading; instead, look for opportunities that counteract these trends for potentially higher success rates.

• The speaker encourages viewers to reflect on their trading strategies and consider how they might apply contrarian principles effectively.

Conclusion and Encouragement