ICT Mentorship 2023 - One Trading Setup For Life

Name: ICT Mentorship 2023 - One Trading Setup For Life
Uploaded: 2023-06-22T01:46:55.000Z
Duration: 3 h 14 min 47 s

Introduction

The speaker introduces the topic of finding setups in trading and mentions that the information shared is applicable to various asset classes.

Finding Setups and Utilizing Trading Hours

The speaker aims to remove uncertainty about where to look in charts and when to use electronic trading hours or regular trading hours.

The goal is to provide a setup for life, allowing traders to consistently identify setups.

Market profiling, not in terms of using specific indicators like VWAP, but rather schematics taught on the YouTube channel, plays a role in identifying setups.

Specific day profiles are covered in the core content section of the YouTube channel.

Expanding Setup Options

While some traders may seek easy-to-follow patterns, the speaker emphasizes the importance of learning how to find setups independently.

Various PD arrays (patterns) are mentioned, such as optimal trade entry pattern, fair value gap, breaker pattern, order block, turtle soup, etc.

Traders should focus on the PD array that resonates with them initially and then expand their knowledge from there.

Understanding Liquidity and Tools

The speaker discusses liquidity and its role in price delivery. They mention a tool called Bookmap but state that tonight's lesson can make such tools redundant.

Draw on Liquidity

Liquidity is highlighted as the primary purpose of price delivery.

A screenshot of Bookmap is shown as an example of a tool that focuses on liquidity visualization.

Redundancy of Tools like Bookmap

The speaker suggests that tonight's lesson will provide insights that can render tools like Bookmap unnecessary for understanding liquidity.

Viewers are encouraged to compare and contrast their own experiences with these tools after learning from tonight's lesson.

New Section

In this section, the speaker discusses the concept of liquidity and its relevance to trading. They address the issue of using tools that may not be pertinent to current market conditions and emphasize the importance of understanding smart money concepts.

Understanding Liquidity and Smart Money Concepts

The speaker explains that liquidity has a specific range in mind when analyzing charts.

They mention that some traders may question why certain highs or lows are chosen, but assert that this information has always been provided in their discussions.

The speaker highlights the need to focus on learning important concepts rather than seeking quick tricks or magic solutions.

They suggest that by utilizing the information covered in this session, traders can gain a deeper understanding of where they should be focusing their attention regarding liquidity.

New Section

In this section, the speaker introduces Bookmap as a resource for analyzing liquidity. They discuss its potential benefits but also acknowledge that it may come at an additional cost.

Utilizing Bookmap for Liquidity Analysis

The speaker mentions Bookmap as a tool for analyzing liquidity and suggests comparing its insights with the concepts covered in this session.

They note that while some YouTubers may promote Bookmap through affiliate links, they do not have any affiliation with it.

The speaker encourages viewers to consider using the information from this session without relying on additional paid resources.

New Section

This section focuses on understanding where to focus on liquidity during different trading periods, whether intraday or longer-term trades.

Liquidity Focus for Different Trading Periods

The speaker clarifies that liquidity analysis is not limited to intraday trading but can also be applied to short-term or longer-term trades.

They explain that by applying the concepts discussed in this session, traders can reduce risk and gain insights into market timing.

The speaker emphasizes that understanding these concepts does not guarantee constant winning trades but can help fine-tune risk management.

New Section

In this section, the speaker introduces the concept of PM session ranges and explains how to identify them on charts.

Understanding PM Session Ranges

The speaker defines PM session ranges as the highest high and lowest low between 1:30 pm and 4:00 pm in New York local time.

They recommend setting trading view charts to New York local time for clarity.

The speaker highlights that PM session ranges are based on regular trading hours, excluding overnight trading.

They mention the toggle option between regular trading hours (RTH) and electronic trading hours (ETH) in trading view.

New Section

This section discusses how to interpret PM session ranges based on bullish or bearish market conditions.

Interpreting PM Session Ranges

The speaker explains that if a trader is bullish and the market is near the opening bell, they should consider the PM session range as a reference point.

They provide an example using a chart with an orange line representing the 9:30 am opening bell.

The speaker emphasizes that understanding liquidity above and below the PM session range can provide valuable insights for trading decisions.

Understanding Market Direction

In this section, the speaker emphasizes the importance of understanding market direction and provides insights on how to identify bullish or bearish trends.

Identifying Bullish Trends

The speaker recommends following their Twitter account for real-time information and short, succinct updates.

If expecting the market to go higher based on higher time frame premises, it is important to look for confirmation.

If the market drops below previous session lows during a bullish trend, it indicates sell-side liquidity and suggests a potential reversal.

Accumulating Sell-Side Liquidity

Smart money accumulates sell-side liquidity during a bullish trend by treating sellers as counterparties to their buy-side positions.

By studying previous day's session highs and lows between 1:30 PM and 4:00 PM New York local time (PM session range), one can identify areas of liquidity.

Buying below old lows and selling above old highs can be effective entry strategies when anticipating market direction.

Anticipating Market Moves

At market opening, there is often an initial drop known as the "Judas swing" that traps traders who believe prices will continue dropping.

This drop is an opportunity for smart money to accumulate more buy-side positions before driving prices higher.

Traders can consider taking long positions at this point but should have conviction in their analysis.

Analyzing Market Rotation

In this section, the speaker discusses analyzing market rotation over a full 24-hour period and highlights key levels to consider for trading decisions.

Analyzing PM Session Range

The speaker looks at the previous PM session range (1:30 PM - 4:00 PM New York local time) as a factor in determining market direction at 9:30 AM opening bell.

If the market is not in close proximity to the PM session range, other factors need to be considered.

Analyzing London Session Range

If the market is not close to the PM session range at 9:30 AM, the speaker suggests analyzing the London session range (2:00 AM - 5:00 AM New York local time).

Annotating these levels on charts can help identify potential trading opportunities.

Proximity to Previous Session High or Low

In this section, the speaker emphasizes the importance of considering proximity to previous session highs or lows when analyzing market direction.

Considering Proximity at Market Opening

The orange line denotes the 9:30 AM opening bell of the stock market.

It is important to determine if the market is in close proximity to a previous PM session high or low at this time for accurate analysis.

The transcript provided does not contain timestamps for all sections.

Understanding Electronic Trading Hours

The speaker discusses the importance of understanding electronic trading hours and how it affects retail traders. They emphasize that if regular trading hours are toggled, overnight trading information will be hidden. This lack of knowledge can lead to confusion for retail traders.

Importance of Toggling Trading Hours

Retail traders need to know how to toggle between electronic trading hours and regular trading hours.

Information during overnight trading is hidden if regular trading hours are selected.

Analyzing London Session Buy Side Liquidity

The speaker explains the concept of buy side liquidity during the London session. They discuss identifying the highest high and lowest low during specific time ranges, such as 2 AM to 5 AM New York local time.

Identifying Market Structure

The speaker mentions that a run higher during the specified time range indicates a false run or Judas move.

By analyzing the shift lower after the false run, traders can utilize models like the 2022 model or ICT optimal trade entry.

Utilizing Information on South Side Liquidity

The speaker explains how to use information on south side liquidity during the New York session. They mention using various models and techniques such as breaker a parish breaker and ICT optimal trade entry.

Using South Side Liquidity Information

Traders can aim for south side liquidity by utilizing models like the 2022 model or optimal trade entry.

It may require sitting through a retracement, but this is also considered as an intraday range utilized by traders.

Routine and Timing in Trading

The speaker emphasizes the importance of following a routine and understanding timing in trading. They discuss waiting for specific time displacements, such as the 10 o'clock displacement, to look for trading opportunities.

Importance of Routine and Timing

Traders should follow a routine that includes waiting for specific time displacements.

The speaker mentions the possibility of using a silver bullet or focusing on the run into the launch macro during certain time periods.

Identifying Liquidity Levels

The speaker discusses the importance of identifying liquidity levels and suggests using tools like Bookmap to visualize liquidity. They emphasize focusing on liquidity levels around the price points taught in their teachings.

Using Tools to Identify Liquidity

Traders can use tools like Bookmap to identify lots of liquidity below or above specific price points.

Liquidity levels around the taught price points are considered relevant, while small liquidity outside those levels is irrelevant.

Developing Trading Skills through Journaling

The speaker emphasizes the importance of journaling and recording trading experiences. They explain how journaling helps train and condition the brain to retain information and activate the reticular activating system.

Benefits of Journaling

Journaling helps train and condition the brain to retain trading information.

Recording key details about trades, including specific price points, helps develop better trading skills over time.

Understanding Price Action Analysis

The speaker clarifies that their approach is not based on supply and demand or Wyckoff principles. They highlight that they provide unique insights that cannot be found elsewhere.

Unique Approach to Price Action Analysis

The speaker's approach is not based on supply and demand or Wyckoff principles.

Their teachings offer unique insights that cannot be found elsewhere.

Opening Range Gaps

The speaker explains the concept of opening range gaps and how they are used during regular trading hours. They discuss the specific time frame for opening range gaps and how to identify them on TradingView.

Understanding Opening Range Gaps

Opening range gaps occur during regular trading hours, specifically between 9:30 AM and 10 AM New York local time.

These gaps can be identified on TradingView by toggling to regular trading hours, which removes overnight trading information.

Utilizing Opening Range Gaps

The speaker mentions that they have codified certain strategies around opening range gaps. They encourage viewers to think about where the market may draw to based on these gaps.

Strategies for Opening Range Gaps

The speaker has developed strategies around utilizing opening range gaps.

Viewers are encouraged to consider where the market may draw to based on these gaps.

This summary covers key points from the transcript in a clear and concise manner. It provides an overview of each section using timestamps when available.

New Section

This section discusses the concept of liquidity and how it affects trading. The speaker explains the significance of the opening range gap and filtering out overnight pricing.

Liquidity and Opening Range Gap

Liquidity is important in trading, and gaps in liquidity can impact market movements.

The opening range gap refers to the difference between the closing price of the previous session and the opening price of the current session.

Filtering out overnight pricing helps focus on regular trading hours and eliminates ambiguity.

Understanding highs and lows based on regular trading hours can provide valuable insights for consistent trading.

New Section

This section emphasizes the importance of focusing on specific timeframes when analyzing market movements.

Focusing on Specific Timeframes

Analyzing price points between closing and opening sessions provides valuable information about market behavior.

By focusing on specific timeframes, traders can filter out noise and identify significant patterns.

Waiting for specific sessions, such as the afternoon session, can increase probabilities in favor of successful trades.

New Section

In this section, the speaker highlights their experience and expertise in analyzing market highs and lows.

Experience Matters

The speaker has been applying their trading strategies for 30 years with consistent success.

Following a well-defined methodology rather than making impulsive decisions leads to accuracy in trading.

By adhering to proven rules, traders can achieve similar levels of accuracy over time.

New Section

This section discusses potential missed opportunities due to not following a structured approach to trading.

Missed Opportunities

Following a structured approach allows traders to capitalize on opportunities they may have missed otherwise.

Consistency in following rules increases chances of passing funded account challenges and achieving desired financial goals.

New Section

This section explains the concept of the opening range gap and its significance in trading decisions.

Opening Range Gap

The opening range gap occurs when there is a significant difference between the previous session's closing price and the current session's opening price.

Trading towards the opening range gap can be a logical move, especially when it aligns with other factors such as liquidity and sell-side pressure.

New Section

This section discusses the importance of timing trades based on scheduled events, such as Fed chair testimonies.

Timing Trades

Avoid trading during periods of high uncertainty, such as when important events like Fed chair testimonies are taking place.

Waiting for the afternoon session can increase probabilities in favor of successful trades.

Trading between 1:30 pm to 4:00 pm local time in New York is often less ambiguous and complicated.

New Section

This section emphasizes focusing on specific market conditions rather than getting caught up in unnecessary analysis.

Focusing on Sweet Spots

Instead of searching for patterns in volatile market conditions, focus on specific sweet spots where liquidity is more predictable.

Retail traders often get frustrated by trying to find patterns that don't exist or constantly seeking opportunities without a clear strategy.

Following logical reasoning based on market behavior increases consistency and reduces frustration.

New Section

This section encourages traders to verify the shared logic by analyzing charts themselves.

Verify Shared Logic

Rather than blindly following someone's advice, traders should analyze charts themselves to understand and validate shared logic.

Analyzing charts will provide convincing evidence of the effectiveness of certain strategies.

The speaker guarantees that traders will see the shared logic in action when they analyze charts.

New Section

This section explains how market algorithms operate based on specific timeframes and liquidity.

Market Algorithms and Time

Market algorithms are designed to operate based on specific timeframes.

Liquidity is engineered by algorithms during different trading sessions, such as the morning session and lunchtime.

Understanding the timing of algorithmic liquidity can provide insights into market movements.

New Section

This section discusses the process of trading in the past, including open outcry pits and phone-based orders.

Trading Process in the Past

In the past, trading involved calling brokers who would then transfer calls to trading desks.

Traders had to provide account numbers, pins, and order details over the phone.

The process often resulted in delays and slippage compared to today's electronic trading methods.

New Section

This section explains how lunch hours were historically used for consolidation or reversals in market trends.

Lunch Hour Consolidation or Reversal

In the past, lunch hours between noon and 1 pm were typically periods of consolidation or reversal in market trends.

Depending on whether it was a trending day or a bullish day, different patterns emerged during this timeframe.

Understanding historical lunch hour patterns can provide insights into potential market movements.

New Section

In this section, the speaker discusses different profiles and their relevance based on the economic calendar and liquidity draw. The importance of understanding market manipulation and market making is emphasized.

Profiles and Economic Calendar

Different profiles existed in the past, but it is important to determine which one to use based on the economic calendar and liquidity draw.

Understanding and implementing these concepts require study and analysis. However, the speaker provides guidance in advance by referring to higher time frame weekly charts.

Daily and weekly market movements can be significant, providing opportunities for traders to align with market direction.

Market Manipulation and Market Making

Market manipulation has been prevalent since the dawn of trading, becoming more efficient with electronic trading. Price control is in the hands of those who manipulate markets, not individual dealers or market makers.

Algorithms play a crucial role in controlling price movement efficiently without errors or interruptions. Liquidity runs during lunch hours are utilized for this purpose.

Traders should focus on identifying the highest high and lowest low as key reference points for market analysis.

Algorithmic Control of Markets

An algorithm controls price movement starting at 1:30 PM, setting the tone for the afternoon session. This algorithmic control is often overlooked by traders who do not believe in its existence or influence on markets.

The speaker emphasizes that markets are controlled by AI algorithms, leading to predictable patterns that traders can take advantage of when expecting bullish or bearish movements.

Trading Strategies

When expecting a bullish move after lunchtime, traders can enter trades even if there is a temporary reversal. The focus should be on a shift in market structure and fair value gaps rather than relying solely on the five-minute chart.

Retail traders often overlook shorter time frames like the 15-second chart, but price inefficiencies can be identified at any time frame. Traders should not limit themselves to longer time frames like 15-minute or hourly charts.

New Section

In this section, the speaker discusses the importance of understanding market structure and using price action to make informed trading decisions.

Understanding Market Structure

Traders should pay attention to the New York lunch hour lows and highs when expecting bullish or bearish movements. These levels can provide valuable insights into market structure.

Even if there is a temporary reversal, traders can still enter trades based on a shift in market structure and fair value gaps. The five-minute chart may not always provide accurate information for decision-making.

Price Action Analysis

Price is price, regardless of the time frame used for analysis. Retail traders often avoid shorter time frames like the 15-second chart, but these charts can reveal important price inefficiencies that can be capitalized upon by informed traders.

New Section

In this section, the speaker emphasizes the importance of looking at time-based charts and understanding algorithmic delivery. They explain that time is a crucial factor in trading and provide examples to illustrate their point.

Understanding Time-Based Charts

The speaker advises against listening to people who say not to look at time-based charts, as it is essential for understanding algorithmic delivery.

Time is the first factor in trading, and specific windows of time should be referenced in terms of liquidity.

By analyzing examples provided by the speaker, one can gain a deeper understanding of how time affects trading outcomes.

New Section

In this section, the speaker continues to emphasize the significance of time in trading. They discuss specific strategies and encourage listeners to have patience and dedication when learning about trading.

Strategies Based on Time

The speaker suggests waiting for a run-up into the opening range gap if bearish, then observing how it trades back below the New York lunch high.

Displacement between candle highs and lows during specific time periods can indicate random or predictable market behavior.

The speaker encourages traders to focus on specific pools of liquidity during different sessions based on their bullish or bearish stance.

New Section

In this section, the speaker addresses criticisms about their teaching style and highlights their intention to share decades of experience with listeners. They stress the importance of patience and dedication when learning about trading.

Teaching Approach

The speaker acknowledges that some may find their teaching style boring but emphasizes that they are trying to impart valuable knowledge.

Their goal is to provide a fast track through three decades of understanding without requiring years of experience.

Patience is necessary when learning complex concepts, and rushing into live trading without proper preparation can lead to failure.

New Section

In this section, the speaker continues to emphasize the importance of dedication and focus in trading. They provide guidance on what to do and what to avoid when aiming for success.

Dedication and Focus

The speaker encourages traders to avoid laziness and excuses, emphasizing that success requires following their advice.

Traders should pay attention to specific market indicators based on their bullish or bearish stance.

By observing price movements during different time periods, traders can identify patterns and make informed decisions.

New Section

In this section, the speaker explains how to analyze market behavior during specific time periods. They discuss the significance of displacement and its implications for trading strategies.

Analyzing Market Behavior

Traders can observe how price moves below previous highs during specific time periods to identify potential opportunities.

Displacement between candle highs and lows indicates random market behavior.

By understanding these patterns, traders can develop profitable strategies based on market dynamics.

New Section

In this section, the speaker emphasizes the importance of understanding liquidity pools during different trading sessions. They provide insights into identifying relative equal lows as potential areas of interest.

Liquidity Pools

Traders should focus on liquidity pools during specific time periods, such as the lunch hour or 90-minute windows.

Relative equal lows can serve as reference points for identifying potential areas of interest.

By analyzing liquidity patterns, traders can anticipate market movements and make informed trading decisions.

New Section

In this section, the speaker addresses criticisms about their teaching style and assures listeners that they are sharing valuable knowledge. They encourage traders to be dedicated and open-minded when learning about trading.

Teaching Style

The speaker acknowledges that some may find their teaching style challenging but assures listeners that they are sharing valuable insights.

They emphasize their expertise in making profitable traders and highlight the importance of dedication and open-mindedness when learning.

New Section

In this section, the speaker discusses specific trading sessions and how to anticipate market reversals. They provide guidance on analyzing previous session data for potential trading opportunities.

Anticipating Market Reversals

Traders can anticipate market reversals by analyzing the morning session consolidation and directional lunch hour during a trading day.

By referring to previous session data, traders can identify potential areas of interest for both bullish and bearish positions.

Understanding specific time periods and their impact on liquidity can help traders make informed decisions.

New Section

In this section, the speaker explains how to analyze liquidity pools during different trading sessions. They discuss the significance of specific lows as reference points for identifying potential areas of interest.

Analyzing Liquidity Pools

Traders should focus on specific pools of liquidity during different trading sessions, such as the lunch hour or 90-minute period.

By identifying specific lows within these time periods, traders can pinpoint potential areas of interest for liquidity.

Analyzing liquidity patterns helps traders anticipate market movements and make informed trading decisions.

New Section

In this section, the speaker addresses criticisms about their teaching style and emphasizes their expertise in making profitable traders. They encourage listeners to dedicate time to understanding the concepts shared in the video.

Teaching Expertise

The speaker assures listeners that they have extensive experience in making profitable traders.

Their teaching style is based on sharing valuable knowledge rather than talking down to learners.

Dedication and following instructions are crucial for success in trading.

New Section

In this section, the speaker highlights the importance of understanding specific trading sessions and their impact on market dynamics. They encourage listeners to apply the knowledge shared in the video to improve their trading strategies.

Understanding Trading Sessions

The speaker explains that the AM session ranges from 9:30 in the morning to noon, while the PM session refers to the afternoon.

By considering different trading sessions, traders can anticipate market reversals and identify potential areas of interest.

Analyzing previous session data helps traders make informed decisions based on liquidity patterns.

New Section

In this section, the speaker discusses how to analyze specific lows during different trading sessions. They provide insights into identifying potential areas of interest for both bullish and bearish positions.

Analyzing Specific Lows

Traders should focus on specific lows during different trading sessions, such as the AM session or PM session.

By analyzing these lows, traders can identify potential areas of interest for liquidity and make informed trading decisions.

Understanding time-based charts and previous session data is crucial for successful analysis.

New Section

In this section, the speaker explains why they focus on specific lows during different trading sessions. They emphasize that their logic remains consistent but adapts to changing market conditions.

Consistent Logic

The speaker clarifies that their logic remains consistent despite adapting to changing market conditions.

Focusing on specific lows during different trading sessions allows traders to identify potential areas of interest for liquidity.

Whether using regular or electronic trading hours, understanding previous daily ranges is essential for successful analysis.

New Section

In this section, the speaker emphasizes that their teaching approach remains consistent. They explain how to anticipate market movements and the importance of thorough learning.

Anticipating Market Movements

The speaker emphasizes that they anticipate market movements rather than react to price.

By understanding the concepts shared in the video, traders can anticipate where the market is likely to move.

Thorough learning and revisiting the material multiple times are essential for a deep understanding of trading concepts.

New Section

In this section, the speaker highlights that watching the video once is not enough to

Understanding the Trading Session

The speaker discusses the importance of focusing on specific trading hours and disregarding overnight highs and lows. They emphasize the need to pay attention to regular trading hours in order to identify potential market movements.

Importance of Regular Trading Hours

The speaker mentions that they are looking at very specific regular trading hours, not overnight highs and lows.

Regular trading hours will be referred to in the next trading session and can either be respected or blown out.

It is important to focus on these specific hours for a clearer understanding of market dynamics.

Analyzing Today's Trading

The speaker analyzes today's trading session, highlighting the factors that influenced their trades. They discuss waiting until after lunchtime for cleaner setups and avoiding unnecessary trades during volatile periods.

Waiting for Clean Setups

The speaker advises waiting until after lunchtime for cleaner setups.

Clean setups refer to trade opportunities that are obvious and easy to identify on the chart.

They discourage students from being action hounds and trying to trade every market movement.

Avoiding Volatile Periods

During Fed Chair Powell's testimony at 10 o'clock, the market was gyrating and going sideways.

The speaker suggests ignoring such volatile periods as they can lead to unpredictable market movements.

They emphasize the importance of waiting until after lunch when macro trends start running.

Liberating Yourself from Market Manipulation

The speaker discusses how traders should avoid feeling compelled to take action during highly manipulated market conditions. They encourage traders to relax, wait for clearer signals, and engage in other activities instead of forcing trades.

Highest Degree of Manipulation

Traders should recognize that highly manipulated market conditions can be unpredictable and challenging to navigate.

The speaker advises traders not to torture themselves by trying to predict and trade every market movement during these times.

They suggest engaging in other activities, such as sleeping in, having breakfast with a spouse, or pursuing hobbies.

Waiting for Macro Trends

Traders should wait until 1:30 PM when macro trends start running.

The speaker highlights the importance of recognizing the manipulation and unpredictability of the market during volatile periods.

They encourage traders to focus on specific times of the day when clearer signals are more likely to emerge.

Learning Step by Step

The speaker emphasizes the importance of learning trading strategies step by step and not rushing into complex techniques. They discuss starting with low-hanging fruit and gradually building knowledge and skills.

Modular Learning Approach

Traders should adopt a modular learning approach, focusing on mastering one concept at a time.

Starting with low-hanging fruit allows traders to understand basic strategies before moving on to more advanced techniques.

The speaker acknowledges that traders won't immediately know how to execute complex trades or pyramid positions but assures them that these skills will be taught later.

This summary covers key points from the provided transcript. It is important to review the full transcript or video for complete understanding.

Developing Independent Learning

The speaker emphasizes the importance of developing independent learning skills and tailoring one's learning approach to individual needs. They aim to be a realistic mentor rather than imposing strict timelines on students.

Teaching Market Analysis and Objectives

The speaker teaches students how to analyze the market and determine their objectives.

They focus on identifying low-hanging fruit objectives, such as buying based on sell-side liquidity pool sweeps.

The speaker explains the significance of price action and looking for signs of accumulation by smart money.

Admitting Mistakes and Adjusting Trades

The speaker acknowledges that they sometimes make mistakes or let personal biases affect their trading decisions.

If a trade is still valid after being stopped out, they re-enter it.

Transparency is important, as the speaker shares their successes and failures on social media.

Buying Based on Liquidity Return

The speaker buys under the premise that there will be a return into the south-side liquidity pool.

They focus on trading below the rejection block without needing to take out specific lows.

Anticipating accumulation and smart money participation in the run-up towards equal highs is key.

Realistic Expectations for Learning

The speaker addresses unrealistic expectations some students may have about achieving similar results with limited experience.

They emphasize teaching low-hanging fruit strategies rather than expecting immediate mastery.

Logical projections are made based on market analysis, such as targeting sell-side liquidity areas.

Lunchtime Buy Side Liquidity

During lunchtime, buy side liquidity tends to be present due to large funds entering trades at relative equal highs.

Retail traders often expect further downside movement but fail to consider institutional buying pressure during this time.

Specific Entries Based on Price Action

The speaker enters trades based on specific price action patterns observed within short timeframes (e.g., 15-second candles).

Partial profits are taken at various levels, without requiring trades to reach specific highs.

The focus is on realistic performance and not beating oneself up for missing out on certain price movements.

Filtering Out Negative Thinking

Social media can be detrimental to a developing student's mindset due to ego-driven comparisons and unrealistic expectations.

The speaker encourages students to filter out negative thinking and focus on learning how to make money effectively.

Setting Logical Projections

The speaker discusses setting logical projections based on market analysis and understanding liquidity dynamics. They explain the significance of the opening range gap and why it may not be immediately filled.

Opening Range Gap Projection

If sell-side liquidity has been exhausted, there is potential for a run-up towards the opening range gap.

The opening range gap represents an area where buy side liquidity has not yet been traded into since the market opened.

Large funds often place stop losses below relative equal lows, creating buying opportunities during lunchtime.

Deep Discount in Opening Range Gap

Before transitioning into the current market swing, the price had already traded below the previous session's morning lows.

This creates a deep discount in the opening range gap that has not been filled since the market opened.

Institutional buyers take advantage of this discounted area, leading to potential upward movement.

Differentiating Retail Traders from Institutions

Retail traders often have a bearish bias when price approaches relative equal highs after lunchtime.

However, large funds with deep pockets are responsible for buying during this period.

Specific entry points based on price action patterns can help identify institutional buying opportunities.

Recording Trades Based on Short Timeframes

The speaker records their trades based on short timeframes (e.g., 15-second candles) and shares them on social media platforms like Twitter.

These trades are based on specific price action patterns and can be replicated by students in their own accounts.

Focusing on Realistic Performance

The speaker emphasizes that achieving a profitable trade, even if it doesn't reach the opening range gap high, is still a success.

Students should avoid being too hard on themselves for not capturing every price movement.

Negative thinking should be filtered out to maintain a healthy mindset for learning and improving trading skills.

Building a Legacy

In this section, the speaker emphasizes the importance of building a legacy and not being influenced by others' opinions. They encourage listeners to focus on long-term wealth creation rather than seeking validation from others.

Focus on Long-Term Wealth Creation

It is important to focus on building a legacy for oneself and future generations.

Don't let other people's egos or opinions distract you from your goals.

Gradually increase your understanding of investments and be realistic about their potential growth.

Leaving a Runner On

When trading, consider leaving a runner (a portion of the position) open to capture potential further gains.

Wrestling with the fear of being stopped out in profit or missing out on further gains is common.

Avoid seeking validation from an audience when making trading decisions as it introduces uncertainty and external influences.

The Real Success Stories

True success stories are not found in social media comments or public displays.

Those who are truly successful focus on living their lives and achieving their goals, rather than seeking recognition or validation from others.

Recording Trades on Twitter

The speaker discusses their use of Twitter to share real-time trades and insights. They explain how they used to record trades with music but can no longer do so due to copyright issues. They emphasize that the purpose is not to show off but to provide valuable information.

Sharing Trades on Twitter

Twitter serves as a platform for sharing real-time trades and insights.

Previously, the speaker recorded trades with music, providing a unique format for sharing information.

Due to copyright concerns, they can no longer include music in trade recordings shared outside of Twitter.

Purpose of Trade Recordings

Trade recordings aim to provide valuable insights into trade execution, stop loss placement, profit-taking strategies, etc.

The speaker acknowledges that the music choice may not suit everyone's taste but emphasizes that it is a personal preference.

Trade recordings are well-received within the community, but they cannot be included in this format due to copyright restrictions.

Annotating a 15-Second Chart

The speaker explains their approach to annotating a 15-second chart and highlights the importance of understanding market behavior within such short timeframes. They emphasize that their annotations are based on the concepts taught earlier in the video.

Annotating a 15-Second Chart

The speaker demonstrates how they annotate a 15-second chart in real-time.

Annotations include reference points, expected market behavior, and levels of support/resistance.

Understanding market behavior within short timeframes requires knowledge and experience.

Applying Concepts Taught Earlier

All concepts taught earlier in the video are applied during the annotation process.

Entries, stop losses, profit targets, and other elements can be identified using these annotations.

The speaker encourages viewers to think about what is necessary to understand market movements within short timeframes.

Applying Lunch Macro Strategy

The speaker discusses applying the lunch macro strategy using a 15-second chart. They highlight key entry patterns and PD arrays for trade execution.

Applying Lunch Macro Strategy

The lunch macro strategy involves identifying sell-side liquidity pool movements followed by buy-side opportunities during New York lunch hours.

Using a 15-second chart, entries can be identified based on specific patterns or PD arrays.

Entry points can vary depending on different timeframes (e.g., one-minute chart).

Utilizing PD Arrays for Entries

PD arrays serve as potential entry points for trades based on previously discussed concepts.

Each candlestick represents a 15-second duration, allowing for quick analysis and decision-making.

The transcript provided does not cover the entire video.

[t=1:17:32s] The Importance of Studying and Applying Trading Strategies

In this section, the speaker emphasizes the importance of studying and applying trading strategies consistently to achieve success in trading.

Focusing on Learning and Application

It is essential to understand that success in trading requires more than just watching a few videos or taking notes.

To make progress, one needs to dedicate time and effort to study and apply the strategies consistently.

Trading should be approached as a lifestyle rather than a casual endeavor.

[t=1:18:01s] Analyzing a Trade Setup

In this section, the speaker analyzes a specific trade setup on the S&P market, highlighting key elements for successful trading.

Identifying Support Levels

The speaker identifies an inversion fair value gap as an important support level for the trade setup.

This support level is dynamic and can be used as a reference for making trading decisions.

Utilizing Order Blocks

The speaker demonstrates how order blocks can be effective in identifying potential entry points.

By adding into an existing order block inside the fair value gap, it becomes a dynamic support level.

Stop Loss Management

The speaker sets their stop loss below the inversion fair value gap to manage risk effectively.

They explain that it's crucial not to chase higher profits but focus on proper stop loss placement.

[t=1:19:51s] Pyramiding Opportunities and Trail Stop Loss

In this section, the speaker discusses pyramiding opportunities and trail stop loss management during a trade setup.

Adding Positions with Limit Orders

The speaker adds positions by utilizing limit orders at key levels during price retracements.

They emphasize not being concerned about short-term fluctuations but focusing on overall strategy execution.

Trail Stop Loss Upwards

As the trade progresses favorably, the speaker adjusts their stop loss upwards to protect profits.

This approach allows for potential further gains while managing risk effectively.

[t=1:22:14s] Time-Based Chart Analysis

In this section, the speaker highlights the effectiveness of time-based chart analysis and its application in trading decisions.

Utilizing a 15-Second Chart

The speaker demonstrates how they analyze and make trading decisions using a 15-second chart.

They emphasize that even on such a short timeframe, valuable insights can be gained from price movements.

Predictive Analysis

The speaker showcases their ability to predict market movements by identifying key levels in advance.

They introduce the concept of an inversion fair value gap as part of their predictive analysis strategy.

[t=1:23:49s] Trading Methodology and Success

In this section, the speaker discusses their trading methodology and emphasizes its potential for success.

A Plethora of Opportunities

The speaker asserts that their trading methodology provides numerous opportunities daily.

These opportunities are accessible to everyone without requiring any subscriptions or specialized tools.

Confidence in Methodology

The speaker encourages traders to have confidence in their chosen methodology, regardless of personal opinions or preferences.

They emphasize that following the taught strategies will yield positive results and improve overall trading performance.

PM Session Focus

The speaker discusses the focus of the PM session from 1:30 to 4 o'clock.

Understanding Price and Opportunities

The speaker emphasizes that having an understanding of price does not guarantee immediate success in trading.

Traders need to go through weeks and months of backtesting, studying, logging, journaling, and encouraging themselves.

By tricking the subconscious mind into believing in positive outcomes and avoiding negativity, real-time price action becomes less intimidating.

Traders must cheerlead themselves and take responsibility for their own progress.

Retail Traders' Perspective

The speaker explains how retail traders often approach the market incorrectly.

Market Perception

Retail traders tend to look for patterns or indicator confirmations to navigate through the noise and uncertainty of price action.

Believing that price is random leads to misguided reliance on indicators.

The correct approach is understanding why price behaves as it does based on time and price elements.

Looking at the Market Correctly

The speaker highlights the importance of looking at the market correctly.

Market Analysis

Retail traders should not solely focus on patterns or indicators but understand how time and price elements drive market movements.

By understanding liquidity, time, and price relationships, traders can predict setups such as fair value gaps or institutional order flow entries.

Validating Trading Strategies

The speaker addresses skeptics who doubt his trading strategies.

Validating Strategies

The speaker asserts that his strategies are valid by demonstrating them in real-time trades using inversion fair value gaps on a 15-second chart.

Understanding liquidity, time, and price is crucial for predicting market movements.

Price Movements

The speaker explains the reasons behind price movements.

Reasons for Price Movement

Price only goes up for two reasons: to reach an inefficiency above market price or to trigger buy-side liquidity.

Similarly, price only goes down for two reasons: to reach an inefficiency below market price or to trigger sell-side liquidity.

Understanding these principles helps traders anticipate market direction.

The transcript provided does not contain any timestamps beyond 1:30:09.

The Frustration with Trading Books

In this section, the speaker expresses frustration with trading books and their content.

Frustration with Trading Books

The speaker has accumulated over 2,000 trading books but finds them to be filled with misinformation and useless information.

Despite wanting to throw them away, the speaker hesitates due to the amount of money spent on purchasing these books.

The speaker believes that much of what is written in trading books is "horseshit" and does not contribute to successful trading.

Personal pride and ego play a role in the speaker's authority to dismiss the content of these books.

Finding a Reliable Entry Model

This section discusses the importance of finding a reliable entry model for trading.

Choosing an Entry Model

The speaker emphasizes that they have provided information that can set traders up for life.

Traders are given the freedom to choose their preferred entry model from various options such as overblock, fair value gap, optimal trade entry, inversion fair value gap, turtle soup, or consequent encroachment of a wick.

It is acknowledged that different markets may require different entry models.

The 2022 mentorship program consisting of 41 videos is recommended as a starting point for learning effective entry models.

Market Applicability and Intermarket Relationships

This section highlights the applicability of certain strategies across different markets and emphasizes the importance of intermarket relationships.

Market Applicability and Intermarket Relationships

While a strategy may not work in every market at all times, it can be found in each market.

Traders are encouraged to consider using multiple indices, such as the Dow, NASDAQ, and S&P, to analyze market trends.

The speaker mentions the importance of intermarket relationships and suggests studying closely correlated markets like Euro and Cable (Pound) to gain a deeper understanding of market dynamics.

The speaker advises considering alternative markets (exotics) when the primary market is not providing favorable trading opportunities.

Trading Realities and Learning Curve

This section discusses the realities of trading and emphasizes the importance of patience in the learning process.

Trading Realities and Learning Curve

Traders are reminded that what works in one market may not work in another, highlighting the need for adaptability.

The speaker stresses the significance of studying intermarket relationships to make informed trading decisions.

Rushing through the learning process is discouraged as it only prolongs one's learning curve.

Traders are advised against attempting to condense all provided information into a shorter timeframe, as it leads to missing crucial details.

It is emphasized that real trading experience with consistency brings a deeper understanding of lessons and discussions.

Appreciating Comprehensive Learning

This section emphasizes the value of comprehensive learning and warns against underestimating its importance.

Appreciating Comprehensive Learning

The speaker dismisses claims that condensed versions or summaries of their teachings can provide an efficient way to learn.

Rushing through videos without practical trading experience may result in missing important information that becomes evident when trading with real money.

Revisiting videos after gaining real trading experience often leads to new insights and appreciation for previously overlooked details.

The speaker acknowledges that they are primarily speaking to their children through these recordings, ensuring they have access to valuable knowledge even after their passing.

The Enigma and Final Thoughts

This section briefly mentions the enigma and concludes with final thoughts.

The Enigma and Final Thoughts

The speaker refers to an enigma that has not been cracked by anyone, emphasizing its complexity.

The speaker concludes by stating their identity as an enigma.

Timestamps are provided for each section to facilitate easy navigation through the transcript.