Speaker A
All right, folks, welcome back. This is our final meeting for the week, and this completes my daily review for the 2022 ICT free mentorship on YouTube series.
Final weekly review of the 2022 ICT mentorship covering market analysis, trading strategies, and live account performance.
Ask about this video. Answers come from its transcript only — with the timestamp, so you can check them.
Generated from the transcript and can be wrong — check the timestamp.
Key Takeaways
- Successful trading requires patience and waiting for key market confirmations before entering trades.
- Fair value gaps and liquidity zones are critical concepts for identifying high probability trade setups.
- Leveraged trading can amplify returns but also carries higher risks; exceptional returns are not guaranteed.
- Using multiple time frames enhances market analysis and trade decision-making.
- Backtesting and building a historical data backlog improve pattern recognition and trading confidence.
What the video covers
- Final meeting of the week completing the daily review for the 2022 ICT free mentorship series on YouTube.
- Focus on analyzing the hourly chart and trading day for Friday, highlighting key price levels and market behavior.
- Discussion on not taking trades before a significant market run and the importance of waiting for confirmation.
- Live account review of the instructor's son who achieved a 300% return in three weeks using leveraged trading.
- Explanation of fair value gaps, liquidity-based trading logic, and the importance of confluence in trade decisions.
- Use of multiple time frames (hourly, 15-minute, 5-minute) to identify trading opportunities and market structure.
- Emphasis on building pattern recognition and confidence through backtesting and chart study.
- Psychological and personal aspects of trading covered during a 90-minute session.
- Clarification that exceptional returns are not typical and no guarantees are made.
- Encouragement to engage actively with charts and trading models to develop individual understanding.
Chapters
- 00:00Introduction and Weekly Wrap-up
- 01:28Commentary on Twitter Spaces and Market Observation
- 02:31Market Consolidation and Paper Trade Review
- 03:35Chart Analysis and Teaching Approach
- 05:04Fair Value Gap and Key Price Levels
- 05:50Live Account Performance and Results
- 07:08Market Behavior into Close and Algorithmic Moves
- 09:04Trading Psychology and Final Thoughts
Full Transcript — Download SRT & Markdown
Speaker A
here and I want to take your attention in to the hourly chart all right so here's the trading day for Friday and we'll look at this when we get to it all right so we've Consolidated Market ran up took the stop on my final balance
Speaker A
All right, so we finally made a run below that May 12, 2022, low here, and I want to take your attention to the hourly chart.
Speaker A
didn't want to do anything prior to the this run here I did a commentary on the Twitter spaces uh portion of their service or whatever where you basically just get to hear someone talking and I just Jawbone for a little
Speaker A
All right, so here's the trading day for Friday, and we'll look at this when we get to it.
Speaker A
have one of my sons that are actively pursuing and now obviously you know he's given me permission to show you his account here um it's a it's a live account there you go you can see uh he got his account up to
Speaker A
All right, so we've consolidated. The market ran up, took the stop on my final balance on that paper trade.
Speaker A
13,451 66 that would essentially be in 3 weeks like 300 100% return or number one spot on the robins leaderboard in less than a month now obviously amp allows you to trade with a amount of Leverage that is you know
Speaker A
We moved up into a deeper fair value gap, creating the high of the day. We broke down below the 3915 and a quarter level.
Speaker A
him so when we're looking at charts together um I'm kind of like leaning on my experience and asking him what he sees basically what I'm doing with you all when I'm training you okay I'll prompt you I'll say what do you see here
Speaker A
Now, for me, this was the turning point that I required. I didn't want to do anything prior to this run here.
Speaker A
today I was utilizing That Swing Low there so I wanted to see that break so during the time on Twitter I wasn't really interested in anything until that low was taken out and you can hear that in the discussion um I'm wanting to see
Speaker A
I did a commentary on the Twitter Spaces portion of their service or whatever, where you basically just get to hear someone talking, and I just jawboned for a little while.
Speaker A
business here U but it just so happens that it breaks the 3915 and a quarter level here and then right in there I'll explain how I personally would have been involved and how I actually was talking to my son about it and these types of
Speaker A
Around 8:30 to 10:00, I spent about 90 minutes just covering a lot of different things, from psychological things to personal things and trading.
Speaker A
frames let's look at the 15-minute time frame all right so here's that fair value gapit worked up into I wasn't interested in all this business back and forth chopping around finally with the 3915 and a quarter level it broke through it and
Speaker A
And, you know, how my children are, with the exception of one, not really interested in trading. But now I have one of my sons that is actively pursuing it.
Speaker A
teaching you how to find the highest probability and also trusting the model I'm not limited to just one model okay so I I kind of like want to preface it by saying that I don't want you thinking that I'm just
Speaker A
And now, obviously, you know, he's given me permission to show you his account here.
Speaker A
away that Discovery for you like you got to go into your charts and find them and then by building a backlog of old data showing those types of moves it helps obviously with your confidence it builds your own pattern recognition and it's
Speaker A
It's a live account. There you go. You can see he got his account up to today here.
Speaker A
it where it forms so that way you go through it and you look for it to form in your own charts and collect the examples of it that's back testing so anyway it runs through 372 in a quarter creates another opportunity in
Speaker A
So, previous balance I was mentioning and showing you earlier, so do a little clip on Twitter.
Speaker A
the last hour of trading rallies back up into a fair value Gap here so if you look at the range from here to here it goes back to a premium I taught you that so that's a Target this
Speaker A
Previous balance, after commissions, he had $9,751.66, and today he added another $3,700 to it, bringing this balance to $13,451.66.
Speaker A
push his account up $3,700 today if we go into a five minute chart here is that same idea where it went created the low 130 it starts doing its business what's it reaching for going to go back into the middle of the
Speaker A
That would essentially be, in three weeks, like 300% return or number one spot on the Robinhood leaderboard in less than a month.
Speaker A
then the market starts sending it into an algorithmic spool where all this price action starts running aggressively into the close up into a completely random level that was shown on the on the hourly chart and here we have the market
Speaker A
Now, obviously, AMP allows you to trade with an amount of leverage that is, you know, exceedingly lower than that of what Robinhood would do.
Speaker A
rallies up into it there and there then breaks lower in here there's a fair value Gap it trades up into it there and sells off notice that it's occurring at the levels that I have here on the chart those old
Speaker A
That kind of return, obviously, is not typical. Okay, I'm not promising any of you that you're going to get that.
Speaker A
the old low broken and act as resistance okay that's not how I look at if the fair Bay Gap doesn't exist I don't trust that level as an old support broken turn resistance that's why I try to everybody
Speaker A
And yes, he's my son, so he has a lot of experience sitting next to him.
Speaker A
fair value Gap it trades up into it it Why didn't it just stop at the 3872 on a quarter level because it's going into the imbalance here then deliver is going lower so the two shorts were in here in
Speaker A
So when we're looking at charts together, I'm kind of like leaning on my experience and asking him what he sees.
Speaker A
that's just a really good feeling as a dad so hopefully you know with what I shared this week um I gave a lot of content and today I just wanted you to understand what it was and why I was not willing to take a trade
Speaker A
Basically, what I'm doing with you all when I'm training you. Okay, I'll prompt you. I'll say, what do you see here?
Speaker A
just it's Consolidated I don't want to catch a a break below a short-term low and then then run relative equal highs notice that that's the reason why I'm picking that because I know you're all asking why didn't you use any of these
Speaker A
And what do you see there? So that way, kind of, it builds his understanding as the charts are painting, and he gets to push the buttons on his own, decide whether he wants to get in or get out.
Speaker A
that's why I hadn't noted I told you about it in the commentary today listening to me on Twitter breaking through you don't see the Gap here on the that time frame but it's appearing on the 5 minute chart and that's what my
Speaker A
And there it is.
Speaker A
the logic and it's based on liquidity not support and resistance it's liquidity the orders I know are going to be there based on the logic that the Market's likely to do what it's going to reach for that 3855
Speaker A
And today, I was utilizing that swing low there, so I wanted to see that break.
Speaker A
all these things coming together as a Confluence not just one thing you know leading to that's the conclusion that's the uh the exercise of the pushing of the button it requires a lot more things and that's kind of like what I was helping
Speaker A
So during the time on Twitter, I wasn't really interested in anything until that low was taken out, and you can hear that in the discussion.
Speaker A
some of you actually did demo and paper trades and and you see it you actually participated in it but when I said this morning when I was closing the presentation on Twitter where I was audibly heard you can't see my charts I
Speaker A
I'm wanting to see this low break. I was giving it an opportunity to see if it was going to show a willingness to come up here and run these highs.
Speaker A
you I wanted to be off air at 10 o'clock because I'm anticipating the algorithm taking that low out and it does and then it creates the pattern I taught you which is the fair value Gap we have the displacement and I want to
Speaker A
I could have very well happened, hit that, and then did all this business here, but it just so happens that it breaks the 3915 and a quarter level here.
Speaker A
in a hurry to do what get down below that 3855 level for the week so let's go one more time back into the lower time frame actually the first time going in the lower time frame scrub back [Music]
Speaker A
And then right in there, I'll explain how I personally would have been involved and how I actually was talking to my son about it.
Speaker A
relationship of short-term dealing range this swing High That Swing Low we have our fair value Gap here it trades up into it there and that level 395 and a quarter so it's a Confluence of several things but the level itself just highlights
Speaker A
And these types of ideas helped him, you know, propel his account today.
Speaker A
or look at it from a perspective that hey you know the market didn't go to a premium you just don't have the experience to see it yet you gotta you have to do this for a while folks it
Speaker A
The market trades below the short-term low here, took some sell-side out there, and then ultimately took out the 3855 level rather handsomely.
Speaker A
forget it it's like riding a bicycle okay so hopefully this has been insightful to you hopefully you learned something this week hopefully I was able to uh Propel your understanding a little bit beyond what you were thinking was
Speaker A
And we'll look at all this business when we drop down our time frames.
Speaker A
enjoy weekend be safe
Topics:ICT mentorshiptrading strategiesfair value gaphourly chart analysisleveraged tradingpattern recognitionbacktestingmarket structuretrading psychologylive trading account
