ICT YT - 2017-11-10 - Weekly Summary and Discussion - 111017.srt
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ICT: Good afternoon, folks. All right. So we're looking at the dollar CAD for
this past week. And I shared some things with you live on Twitter, and do some
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scenarios anticipate look for, and this is an example playing a lot of
questions, you know, how do I mark up my charts you using the things you're
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gonna learn in my tutorials? Obviously, folks have already been through all the
content, you're familiar with some of these terms. For some of you that have
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never gone through the tutorials yet, you're now just starting it to my forum,
you guys can join the forum. Okay, it's, you can use this website here in the
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middle of the chart here. It's my website address. It's completely free to join.
I will be where I have all my tutorials. And while I share some ideas, not on a
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day by day basis, I've been active recently, just to get everybody's attention.
Let everyone know, I'm back on Twitter. And you can find me on Twitter at I
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underscore m underscore ICT and pretty busy this week with you guys. I'm just at
the pace of what was typical with the mentorship. Okay, I gave you guys a lot of
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attention gave you guys a lot of insights, and things to look at and study
setups, examples and things to do in practice. But I started the week with a
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specific question about what makes a trade too late to enter. Okay? What makes
it less probability or scenario to unfold? And I used the set up this morning
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with the euro dollar. Let's go to the euro dollar. And I framed this setup here
based on this impulse like okay, using the highest body open or close to the
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lowest open or close here, disregarding the wicks, okay, right in here, optimal
trade entry was entered on a down close candle. Okay, as markets are trading
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down, I'm trying to buy I don't want to buy as prices moving up. So the question
I started this week with was, what makes a setup? One to pass on now what if the
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markets already happened to move, okay, and maybe sit down in front of your
charts, maybe it's thing that keeps you from seeing it live with a, you know,
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with a job or with the the every day things that occur in your personal life,
your spouse may demand your attention, your children may demand your attention.
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Maybe you any old circumstance causes you to not be in front of charts at the
time the setup curse? And is there something we can do still without actually
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getting the actual best case entry? That's what I started this week with.
Because I get more questions probably now. Except for you, can you give me the
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kill zone indicator down here? You don't need that folks, believe me, all you
have to do is look at the draw line. When your chart started from two o'clock to
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four o'clock in the morning, and you had the best entry points based on the kill
zones for London in seven o'clock to nine o'clock for New York. It's simple as
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that. Okay, there's no real magic in it, the markets not reacting to those
levels or those lines on my chart. It just highlights to you all the focus in
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that time day. Okay, it's for the best signals come. But the question I'm seeing
most now in the last two months since I've been back on social media, is that
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Can you teach me how to get in and give me the entry techniques? Give me the
entry price. Okay. And I spent this week really trying to drive home. That
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number one, please don't ask me that question anymore. I'm tired of seeing it in
my email or on Twitter or the folks that text it to me. They have missed the
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point of which I think is most Paramount thing in trading. You have to know
where the markets most likely going. Okay, without that the entry pattern is
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going to be useless to you. Okay. But if you do have a reasonable idea where the
market should go, okay, and yesterday,
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I highlighted the fact that 116 80 was a probably a level that may be revisited.
Okay. And it didn't happen today. It could happen later on. I mean, we could be
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coming down right now to pick up more orders and go higher. Again. I don't know
that but it's so late in the day on a Friday. I'm personally done, and I'm white
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personally. I'm tired, I spent a lot of time looking for setups. And this is
what it was like when I first started trading forex, like I was in your every
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single trading day finding something every single day. And it's very draining.
And to me, I have better things to do with my time. And my family and my wife
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and I have plenty to do and plenty things, take my time away from charts and not
feel like I'm missing anything. But to prove number one, because I have those
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out there that doubt whether or not these tools are applicable, or user
friendly, or that I even use them or can use them. And if there's any real
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consistency or any precision to them. And I think I've probably done a pretty
good job as best I can really, without actually being in the room with you doing
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it live. And making a case for those things being true in the precision
precision, being there my aptitude to be able to do it, and the effectiveness of
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the concepts. So you know, I'll leave it up to you to decide, I'm not going to
be this active going forward. I just wanted to throw this out there at you. And
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I think I've done enough. If some of you feel that I haven't done enough, then
we're just going to have to agree to disagree. Okay, I think I've shown enough
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to prove that every single trading day I can find something and I can call the
direction. And I may not get the actual levels like today, you know, I was
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looking at 116 as a possible level of reach for. But that's a draw. Okay, that's
why I'm teaching you is you want to think like an institutional mindset. Okay,
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where is the market going, ultimately, and then you got to define an opportunity
to get in. Now I want to kind of like close this week with this solution to the
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question I promoted on Twitter, this impulse leg here. Okay, so what I'm
anchoring the fib on to draw your attention to optimal trade entry that's down
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here, there was an additional entry in here could have taken. And at this
moment, I knew that it could recapitalize the order block in here. mentorship,
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people know that that's true as well. But it's a lot of you that are not in
mentorship. And you're not really aware of my tutorials either. But because I
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shared the actual entry and where my stop loss was and where my take profit was.
And I knew that more or less draw people into the market to do the same thing I
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was doing. Okay. And then I implemented an exit, I waited for the market to give
me an opportunity to get out at a scratch, I collapse the trade. And you know
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what, you see that here? Okay, you can see the trade was collapsed. At
breakeven, and I wanted to hit number one, I wanted to control the fact that I
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had no draw down on the trade, no loss, nothing like that. And I opened the
invitation for your mind to go to work. Okay. And I was measuring your level of
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conviction on the setups, because if you're going to be on social media, number
one, you gotta be susceptible to other people's opinions. And obviously, my
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opinion is probably very weighted in your perception of price. If I think I'm
going to see higher prices in euro, if you're going short, right away, you're
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tweeting me emailing me, am I in this the wrong way? Should I get out? Don't ask
me those questions. But I'm not trying to be mean, but you got yourself into
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that trade. You need to get out of it. The way you feel comfortable doing and
don't let me or anyone else drive you in a direction with a trade. That's not
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why I'm here. But as a test. And as a lesson to you. I opened the week up with
this. So I want you to know that this is all pre determined. Okay, I was looking
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for this opportunity to give you this, okay. Some of you
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collapsed, I just want to share basis that I collapsed the tree, and we watched
it trade higher. Now, unbeknownst to you, I went in and provided this
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opportunity to show you how I get in trades that are already underway. Okay,
there's gonna be times where I overslept. Okay, there's gonna be times where you
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my son had a conference at school. And by the time I get back home, there may be
something that's already transpired in the charts that I can't get the best
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entry in here. So how can I participate in it? Right away, if I just show this
on the internet, okay. I put that on the internet. Right away, folks are going
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to say, Oh, that's chasing price. Because they have no idea what I'm looking at.
They have no idea what I'm reaching for. What is the context behind the setup?
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Why am I doing it there? If you look at the candles I'm entering on when I'm
buying they're all down close candles. Now think about that. I'm entering just
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like an institution or a bank trader will they have to buy on down ticks or down
movement? It's just the rules that they go by. If I want to sell short, I have
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to do it on a close candle or while price is going higher. If I'm exiting long I
have to exit when the market is moving in the direction where I ultimately think
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it's going to go. But I cannot. Personally, this is my roles. And there's I
mean, you have to do but for me, it works. If I know it's 1680 is the draw on
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price, that's where the liquidity most likely is going to be pulled for price to
go higher. If I believe that, and I have the conviction to assume that that's
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what's most likely going to happen in price. The best case scenario for me is
the exit was heading that direction. And if it goes through, so what, I don't
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care, because there's many times and this is a perfect example. But today, I
couldn't have asked for a better example, because had it gone to 1680, I would
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have said to you in this recording, I wish it wouldn't have went to 1680. So
that way, you can see partial profits even entering late, but not in an
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opportune time. Because this is not a bad time. Okay, it's not a bad time. And
the reason why it's because it's below the swing high, I anchored. As long as we
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don't like at this point here, I would consider that not a good time to enter.
But while we're below it, in reference to this old high in this area, where I'm
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going long here on this candle, when that is like that, then yes, Long's are
still warranted. And it's okay. And I'm going to be looking for target one and
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target two. And ultimately, if I can get to the symmetrical price swings, or
whatever else may be up there that I may be targeting in gray. But I am not
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afraid. And I don't want you to be demanding have to get these entry points, or
this entry point. You don't need that. If you understand what you're doing. And
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you know what the draw is on price, where's market most likely going for this
particular day? And I know some of you're saying, Well, that's all I need to
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know. And I just tell me that, well, you have to go through what I'm teaching
you to get to that. It doesn't happen overnight. And believe me, I'm gonna be
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real honest with you right now. 664 people completed my mentorship, they
completed 867 of them started. Not all 664 of them can do what you see me doing
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right now, just because they completed the mentorship that is not a complete
100% they've done everything now secret, they can see everything I'm doing, they
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can't do that, okay, there's a great deal of growth, a great deal understanding
and they're doing Far, far better than they ever have. And I'm not going to
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answer for them. Like I say that, you know, and build on any more than that. But
I want you to understand that this is something that comes by experience. And
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for you, for lack of a better word. It sucks, because I want to teach it so that
way you can get it right away, I would love to be able to do that. But I can't.
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And I have to submit to that as an educator, and I can't force you to know what
I know by experience. So you have to get your own experience. By doing these
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things using these tools and these rules over a period of time, then and only
then will you know what it is that you should or should not be doing.
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And I've made it very candid about my weaknesses as a trader, it's the exits. So
I have to be very, very disciplined on the way I exit. And I think if you look
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at what I'm doing when I'm exiting, it's pretty damn good. And I'm not bragging,
it's just that it's good. Many times you see traders that are exiting once it's
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already come back down. And it's rolling away from where they were hopefully
trying to get out at, I'm looking for levels. And I'm focusing more on where the
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price is trying to go to for my profit, then I am worrying about my stop loss.
I'm not trading my stop. I'm trading my profit objective. That's what I'm
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looking for. The stock can't pay me unless it's trailed, and locking in profit.
It's there for protection. I'm trading my profit objective. My focus is there.
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Retail minded traders are worrying about that stop getting hit, I'm not worried
about that stock getting hit, if it gets hit, it's done its job. And I'm okay,
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I'm thankful for that. But everyone needs to understand in trading, and you're
in this business to be profitable. And while I cannot promise you profitability,
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I can promise you a greater degree of consistency when you practice with a demo
account. And that's the only thing I can tell you. Over time, you're going to
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see that there is a lot of substance between the things I've shared in the
tutorials and the things I've been doing, obviously online with your life and on
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the YouTube channel. Those things will help build a foundation. They're not
going to be panaceas. They're not going to be quick fixes. They're not going to
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be you know the end of all your questions. In fact, you're gonna have a whole
lot more questions as you go Under this tutorials, some of you are taking the
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initiative to ask me some questions that already know you're going to be
answered by watching videos. And if I don't like your post, and it hasn't been
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anything rude just means that I've most likely seen your your comment or
question. And without filling up my feed with the same repeating questions and
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responses, I just am leaving you to the tutorials that will come and they will
answer those questions. Okay, a lot of you want to get to the end of the game
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real quick. And there isn't any end of the game, you know, you started this
whole journey, and it never ends. So you're going to be learning for the rest of
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your life, and not just from me, because I'm going to stop doing it eventually.
But you'll have your own lessons that you learn. And you have to be able to
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glean that from what you've done in the marketplace. And don't rely on other
people to supply your experience because it won't happen. It can't happen. And
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don't rely on other people to justify or negate your trade idea. I tested the
weaker minded students and I mean that with respect, that's not a derogatory
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statement. That means the ones that are newer, okay, the more novice in terms of
what I teach, I knew because of the level of respect you hold towards me, in my
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opinion, if I collapse that eurodollar, trade 90% of you would do the same
thing. And my question is, why would you done it if this setup was good enough
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for you to get into? And you can see why I was justifying it and framing the
whole thing. If the stop hasn't been head, why are we worrying about getting
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out? The stops gotta be down here. This isn't doing anything to upset the trade.
But I know order block theory. And I know that you don't, if you're new, if
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you're new trader or a new student of mine, you're not going to know that. But
you're going to know copycat, follow the leader. And copycat and follow the
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leader does not equate to independent thinking, therefore, a independent trader,
okay, you want to make the decisions, free of all outside influences, you don't
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want anybody to help you. And you don't want anybody be a hindrance. And if I
give you setups, if I give you things, or I manage my trade openly in front of
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you, you're going to try to replicate or spend so much time trying to figure out
why I did this or that, and you have no idea what's going on in my mind at a
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time. You don't know if I'm angry about something you don't know if I feel good.
If I'm sick? Or if I'm, you know, pissed off. You don't know. None of that's
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going on. You just see me entering a stop. And we're I think it's going to go
and I can be wrong. And what are you learning from that to be dependent on
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something you can't accurately gauge your measure? Now you're quickly say,
measured by your profitability. If you make money, then it's good. No, it's not,
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it's not good at all. Because what happens when I stop talking to you, where you
left in? That's what you have to worry about.
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Once you're independent, and you can think for yourself and find the setups, you
don't need me. I'm not here to build lifelong dependency on me. That's not what
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I want. I want to see individuals, meet me engage with my content, show their
appreciation, you thank me, and and keep in contact with me, let me know what
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they've done with it. But not, please help me I need your help to do this. That
will have in the beginning. It's normal, it's expected. But I promise you if you
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go through those tutorials and take great deal notes, and study and do the
things I asked you to do, and don't do the things that tell you not to do. And
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if you do that your learning curve will be shortened. It won't be overnight, it
won't be fast, because I can't do things fast. And everyone's going to be
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different, you're going to learn a different pace. But hopefully this week, I've
shown that there is consistency and what I do and what I teach. And truth be
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told, we are in the best time of the year. And this is like the best period of
the year where I am like on it. I mean, if you were having a conversation with
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any one of my mentorship students, they will tell you, there's periods of the
year where I just plain suck. I just could not get a groove on it. But I told
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them I know this time of year, I've been doing it long enough to know that this
is where the markets become crystal clear. And also I'm not distracted by the
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mentorship daily sessions where I'm getting new 600 people sending me questions
about what it is I need to be answering right away. And it's hard to focus
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really, really hard to focus. So I'm in my element right now where I don't have
a audience looking directly at me, I can be an independent thinker. I'm not
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thinking about you know, who's going to chase me in this trade and what if I
don't make money on this move, they're going to be hurt. I'm not worrying about
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that. I'm just focusing on And you can see the fruits of that. Now, it's not a
brag it's not been a chest feeding type thing. And being real with you, I'm
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letting you know that I have a lot of responsibility on my shoulders when I
speak about things like now. And I want you to be cognizant of it. Because many
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times, the newer traders will come in and say, Okay, this stuff is awesome, it
can't lose, I'm gonna go in here and put my paycheck on this because I need to
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pay off my car. And I'm not trying to inspire that level of commitment, or
adoration. So just understand, there's a lot of work in this, and what you think
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I'm doing with the least of effort, I'm actually doing a lot to make this
viewable for you. I'm doing a lot of things that I normally wouldn't even be
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bothered with. I'd look at the trade, I'd watch the market on my phone, and I'd
be out about doing thing. But I'm overtop charts. I'm overtop my computer
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screens, I'm on my smartphone, and I'm tweeting engaging and prodding you. And I
want you to just see what was shown to you this week. Okay. See what was shown
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to you. And your cable to cable outlined a London setup. And how I entered the
market long this morning. One British pound. And I outlined yesterday, by asking
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you off very candidly and openly on Twitter, do you think they'll leave 131 ETS
intact and the folks have gone to my tutorial, they know what I was drawing
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their attention to. And that's this over here, these highs, that's going to be
retail resistance, people want to see that as a double top. And I feel
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comfortable about that and be empowered in their shorting. And all sudden
reality hits today. And that's how the markets work. They allow the marketplace
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to build up liquidity pools where it makes logical sense to go back up to after
a buying opportunity has happened. That was over here. And this morning. Okay.
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So I've given you several examples of how to use the scalping method. And you
can see how many times per week you can easily get 2030 pips easily. Problem is
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going to be is now you're going to look at what I did and say, Well, I'm going
to do that I'm going to do 200 pips this next week coming up to and I want to do
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that I don't
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want to promote the idea that you can make 200 plus pips a week. That's not what
I did this for. I did this to show you that every single day, these concepts
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will give you something and your ability to be able to find it and trust it and
execute and manage it throughout and come to fruition to the profitability side
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of it. That is going to be largely skewed amongst all of you because your
experience and your personal psyche, your personality, and the way you think
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about things is going to be impacting on what you see is a bottom line in your
results. And that's the part everyone wants to skip past. They don't want to
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know when they mess it up. They don't want to own that they don't want to be
responsible with that. You certainly don't want to take any losses. So hopefully
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this week you saw me I got stopped out on dollar CAD, let's pop that out real
quick. got stopped out right there you can see entered optimal trade entry and
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came all the way up boom. knocked me out. Right to my stop. What do you do? Did
it change anything now? I wanted 2695 and maybe even lower. I gave you 2695. And
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one of the videos I did on YouTube while is over here. And now price has gone
here. This is my final accident here.
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Here.
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It hasn't gone much lower than that. So I outlined on Tuesday. Hi the week went
long on this portion here. And in caught every significant price point for
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scalping in the whole entire market maker sell model. This is what I do. This is
how I trade and when the conditions are more appropriate for short term trading.
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I target Tuesday and I get a trade on now leave it there. But I knew I'd be busy
this week. I wanted to use a lot of opportunities to get in there. So I kind of
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pushed it aside I I didn't get any one shot one kill setups all this week. I did
all scalps. And I thought one of the members on our Twitter feed accurately
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described it look like Spider Man shoot webs all over the place. And that's what
I said to my kids one time I said you know you gotta be you Like a webslinger,
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you're gonna swing from one swing high to swing low and use, see the market in
in that light. And you'll find setups all over the place. But if you practice,
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and use the scalping system that I've taught you this week, and what you'll have
tonight, in volume three, if you work with that for a while, give it a month, I
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promise you, I guaran damn tee you, your ability to find setups will go through
the roof, you'll have setups at your disposal every single trading day. Now for
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some of you, that's all you've always wanted. It's only thing you've been
waiting to know, know what it is you're looking for how to trade to how to find
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it. And I've given it to you for free, absolutely 100% for free. And you have
hundreds of hours of free tutorials coming your way, in my in my forum, it's
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going to cost you nothing but your time. And that is probably very expensive to
you. But believe me, it's a lot of content. At some point, you're going to go
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through that and feel like there's more. There is at that point, you can take me
up on my offer that I'm going to have in the forum, it'll be posted this
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weekend, in 2018, I'm going to open up my ICT mentorship again, and it will be a
rolling in enrollment. That means every new month, I will allow new members to
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come in, it won't be I gotta wait for a full year. Because all the contents
already made, it's already done. So what you'll do is you'll go through each
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module each month, and you'll pay for each month, sign for satisfaction and your
intent to continue. And then pay the next month membership which is $150 per
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month for 12 months. And once that's done, what you're actually paying for is
the access to me post mentorship. So you have all the content, all the
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information, that I can talk to you in terms that I don't talk in public, I will
never give you mentorship level analysis, I won't be able to do that. Okay, I'm
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not going to do that. Okay. In fact, it's very hard for me to talk after being
so open for the last 14 months. With the mentorship group, I use specific terms,
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I use specific concepts and thought processes that I don't make. I don't make
them public. So they t 100 hours is really just paying for your lifelong access
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to me on a level that won't be viewable or achieved by YouTube or the free
tutorials. Now rdns only you can say, Oh, well, there's there's the catch. Let
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me tell you something. There's a lot of folks that have gone through my free
tutorials. And they've never went to my mentorship and they're killing it. Do
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you need to go through my mentorship? No. Do I need your money? No. But you're
going to pay for me to pay for the services that I render to those individuals
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that have access to me. So it's up to you, nothing's being held back to the
degree where you can't be used, you find useful setups. In fact, I've already
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given you something right now, with the scalping stuff that by itself, that's
enough, you can go run away, never even come back to me ever again and be
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completely content with what you can find in your charts. So I'm gonna leave
that up to you guys. I don't have a whole sales pitch. It is what it is. So if
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you liked what you saw this week, the tutorials will teach you a lot of this.
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Not all of it, but it'll teach you a great deal of it. And some of the setups
you will have been able to find that all by watching the tutorials and taking
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notes and studying some of the other things the level of precision that comes
with mentorship level stuff, but I wanted to teach this week because I know
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there's a lot of talk about how you know I'm here just to sell the mentorship.
Well, yeah, I am. I'm here to make sure that people know that if they want my
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content, it's better to get it from me than from someone else. Because the
mentorship if you get those videos from somewhere else that floats around, say
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someone that went through the mentorship partially or entirely. I share these
videos with you, okay. You're not getting the same experience that those
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individuals have paid that gone through, you just have videos. And those videos
while they're great. They aren't as good as being in the mentorship where I can
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engage and questions or ask specific questions that you make a great deal impact
that would otherwise going on and answered because you just paid for or watch
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the video that some schmuck gave to you or made you a part of and that's not
what you're paying for. You're not buying 18 $100 worth of videos. You're buying
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complete 1% attention to specifics that I do with my own analysis. And you can
ask me anything If you look at the questions that come my way, on my Twitter,
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there's a lot of questions they'll ask me about certain things like epta, which
is the interbank price delivery algorithm, I will not talk about that openly,
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I'm not going to do that I don't talk about institution order flow, I used the
term, but you're not learning it from YouTube, you're not learning it from what
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I do in a free tutorial, there's a whole different level of what's necessary to
know what makes the market drop to the certain levels, and know the daily bias
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every single trading day. I can't guarantee every single trading days goodbyes
is gonna be right, but I'm in the Upper 90s. And I've given you an example that
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last two months, I don't want you to think, and I'm not selling you the idea, if
you are to participate, and buy into the mentorship, that you're going to be
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guaranteed profitability, because there's still no guarantee that you're gonna
make money. And I teach with a demo account, just like you see me doing here on
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YouTube and on Twitter. I do not show track records, I don't give live
statements, all that stuff. because number one, I'm not licensed to get trade
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advice. So I'm teaching you how to practice in a demo account. There's a stark
contrast between what I'm doing and what someone licensed, like, for instance,
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Chris Laurie, he's a CTA, he's licensed to do those types of things, he can tell
you what he feels, in his opinion, based on his trading models and such his
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opinion, I'm telling you what I think a price in a demo account going to do, you
cannot make money in a demo account. And you can't lose money in a demo account.
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But you can learn a great deal about price. And that's what I'm selling. I'm
selling you the ideas that I use to internalize and analyze price action. Now,
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if you take that information, and you segue into a Live account, those risks and
benefits are all on you don't get me high fives for that you did all by
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yourself. So while I think it's fun, and I smile a lot when it's right, and you
guys done real well with it, I still cringe a little bit because it gives the
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impression that I am welcoming that type of thing. And I don't, I don't want
that I would rather have you tell me, this is awesome, I've learned a great deal
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about this, or this observation in price action was as I would have hoped for
that was a that would be a better response or feedback, I would rather have
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those I don't want to see dollar signs and trade results and dollar figures and
such, I'm not interested in it. What I'm looking for is feedback in terms of how
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you internalize what I've taught, and are you seeing these things repeat.
Because if you can't see it, repeat, you're gonna be stuck. And I think I've
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done that, like I said, this is the best I could have done. And I don't feel bad
about it. You know, I really I poured myself into you all this week to prove
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number one, the concepts work, there's consistency, and precision. And you don't
even need those precision price points. You don't have to get in at the best
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price point, you don't have to get out at the best effects. If you just look for
these no portions of price action, and get out. That's it. And let everybody
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else on Facebook and Twitter and Instagram, let them pretend that they're better
than they really are. I'm not here to try to promote those ideas. I'm not here
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trying to do those types of things. I'm trying to free you from feeling like you
have to be dependent on me or anybody else. Because if you look around, there's
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a lot of mentors right now. Okay, a lot of teachers, a lot of folks that
supposedly are going to teach you how to do this stuff. And I'm not here that
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you measure up to the next guy. I'm just saying the
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only thing I'm asking is if you are seeing substance between what I've said is
possible, and what I've shown this week, in the last two months, it's pretty
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consistent. So I'm going to be returning back to a lot of hindsight analysis, as
of next week, and my reviews are going to be just that reviews. You know, if I
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see something that makes sense, you know, on an intraday basis, I'll tweet you
something and tell you that you focus on this or that, but I'm not going to be
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to this level. Again. It's a lot of work to do this stuff. And I'm already
drained. So I have your volume three to do tonight. And I will go through the
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motions of getting that done. It'll be online before midnight, New York time, so
it'll definitely be delivered to you what we determined as Friday in the States,
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so so hopefully you've been inspired this week. Hopefully you found something
that was useful from an education educational standpoint. And if anything, at
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least I've answered in my best ability this week in the showcase that number one
I can trade to. I can do it pretty fucking good. And it's consistent. So is it
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perfect? No way? Absolutely not. I will be the first one to tell you I am not
perfect. I wish I had better exits away. I did. But, you know, I'm for the lack
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of better word. I'm content with them for right now they've served me pretty
well. And I'll leave it up to you to decide if there's anything else that's
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worthwhile in terms of chasing or studying with my content. Until next time, I
wish you good luck and good trading.