Changes for page ICT YT - 2024-05-06 - Micro-Scalping Without Bias - NQ May 06 2024-summary

Summary

• Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

...	...	@@ -10,24 +10,23 @@
10	10
11	11	[ ] Review last week's annotated charts with ICT on the weekend
12	12
13		-
14	14	== Outline ==
15	15
16		-### Audio volume issues during live stream.
	15	+**Audio volume issues during live stream.**
17	17	- The speaker is frustrated with comments about the audio volume, insisting they have good equipment and are using it properly.
18	18	- The speaker blocks text messages from unknown senders due to privacy concerns, mentioning their phone number and address are publicly available.
19	19
20		-### Market analysis and trading strategies.
	19	+**Market analysis and trading strategies.**
21	21	- ICT explains the importance of journaling and logging for traders.
22	22	- The speaker discussed their preference for pre-recorded lectures over live streaming due to their perfectionism and human frailties.
23	23	- The speaker introduced new concepts and visual aids to help viewers understand market behavior and observe charts without forcing predictions.
24	24
25		-### Technical analysis and trading with a mentorship approach.
	24	+**Technical analysis and trading with a mentorship approach.**
26	26	- Caleb wants to see a swing low followed by a long trade, with a reminder to check audio quality.
27	27	- The speaker is teaching their son how to trade and wants to show proper technique.
28	28	- The speaker emphasizes the importance of being present in the market and having a job.
29	29
30		-### Trading strategies and journaling for personal growth.
	29	+**Trading strategies and journaling for personal growth.**
31	31	- ICT explains the price continuum theory, using 15-minute time frames for intraday trading.
32	32	- New Zealand lawmakers passed a law allowing arrest for not receiving the arm ticket from Mr. 19.
33	33	- ICT emphasizes the importance of slowing down in the initial stages of trading to avoid making mistakes.
...	...	@@ -35,17 +35,17 @@
35	35	- The speaker emphasizes the importance of journaling and logging market observations and decisions made, even on non-trading days.
36	36	- The speaker encourages self-reflection and identifying opportunities for improvement through journaling, rather than dwelling on past mistakes.
37	37
38		-### Journaling for self-improvement, avoiding toxic opinions.
	37	+**Journaling for self-improvement, avoiding toxic opinions.**
39	39	- ICT advises filtering out toxic opinions and journaling for self-improvement.
40	40	- ICT emphasizes the importance of maintaining a positive mindset in journaling.
41	41
42		-### Importance of journaling and self-reflection in personal growth and mentorship.
	41	+**Importance of journaling and self-reflection in personal growth and mentorship.**
43	43	- ICT advises against engaging with toxic people or those who try to flatter (ICT, 0:23:51)
44	44	- ICT emphasizes the importance of balance in self-coaching and encouragement (ICT, 0:23:51)
45	45	- The speaker emphasizes the importance of personal contribution in the initial stages of a mentorship experience.
46	46	- The speaker wants to see if the person can stick to a process of studying charts and journaling their findings.
47	47
48		-### Trading with precision and flexibility.
	47	+**Trading with precision and flexibility.**
49	49	- ICT emphasizes the importance of understanding price action and overcoming fear of missing moves.
50	50	- ICT clarifies confusion around references to time, stating that he meant to look for directional moves before 7am, not avoid looking before that time.
51	51	- The speaker advises against relying solely on a smartphone for trading, suggesting a laptop with at least 15 inches of surface space is necessary for proper analysis.
...	...	@@ -53,22 +53,22 @@
53	53	- ICT emphasizes the importance of precision in trading, but acknowledges that it's unrealistic to demand perfection.
54	54	- ICT encourages traders to be flexible and adaptable, rather than getting upset when things don't go as planned.
55	55
56		-### Using 15-second charts for trading, with emphasis on reducing risk and increasing opportunities.
	55	+**Using 15-second charts for trading, with emphasis on reducing risk and increasing opportunities.**
57	57	- Trader emphasizes importance of focusing on one time frame, the 15-second chart.
58	58	- The speaker emphasizes the importance of taking action and reducing risk in trading, particularly with the 15-second time frame.
59	59	- The speaker's use of the 15-second time frame has led to responses from some listeners, including those who feel they have been given a "shortcut" or "golden ticket."
60	60
61		-### Using TradingView for market analysis and avoiding fake brokers.
	60	+**Using TradingView for market analysis and avoiding fake brokers.**
62	62	- ICT explains why son doesn't have live data, despite watching delayed videos.
63	63	- ICT rejects affiliation with brokers, emphasizes honesty and integrity in trading.
64	64
65		-### Trading view charting and real-time data for a unique learning experience.
	64	+**Trading view charting and real-time data for a unique learning experience.**
66	66	- Caleb learns trading through real-time data analysis with his father, who provides insights and executes trades live on the chart.
67	67	- Caleb gains unique perspective by seeing his father's real-time data analysis and trade execution, with the ability to stalk the chart and learn from his father's decisions.
68	68	- The speaker has faced challenges in the past and has learned to anticipate market movements through real-time data and charting.
69	69	- The speaker's student, Caleb, will not spend money on trading view charting or real-time data until the third Friday of November.
70	70
71		-### Trading London session and New York session, focusing on relative equal highs and lows.
	70	+**Trading London session and New York session, focusing on relative equal highs and lows.**
72	72	- ICT explains that prior to 7am New York time, London session price data and profile should be observed, not market profile making higher low of the day.
73	73	- Confusion about start time is clarified, with ICT emphasizing 7am New York time as the earliest reference point for price observation.
74	74	- ICT teaches day of week and time of day London session trading.
...	...	@@ -76,16 +76,16 @@
76	76	- ICT explains that before 7am New York time, traders should focus on relative equal highs and lows, not actual highs and lows.
77	77	- ICT uses the 5-minute chart to identify potential relative equal lows, making mental notes for future trading decisions.
78	78
79		-### Patience and dedication in trading, with emphasis on repetition and experience.
	78	+**Patience and dedication in trading, with emphasis on repetition and experience.**
80	80	- The speaker emphasizes the importance of patience and repetition in trading, as it takes time and effort to develop skills and gain experience.
81	81	- The speaker encourages listeners to submit themselves to the process of learning and improving, rather than rushing to be significant with no talent or understanding.
82	82
83		-### Identifying price action and liquidity in the forex market using the 15-minute, 5-minute, and 1
	82	+**Identifying price action and liquidity in the forex market using the 15-minute, 5-minute, and 1**
84	84	- Observe liquidity engagement on charts to identify potential relative equal lows.
85	85	- ICT identifies relative equal highs and lows on 15-5-1 min charts to encapsulate price action.
86	86	- Retail traders look for support and resistance, while ICT seeks liquidity and inefficiencies.
87	87
88		-### Identifying fair value gaps and using them for trading.
	87	+**Identifying fair value gaps and using them for trading.**
89	89	- ICT explains the concept of fair value gaps and how they can be used to identify potential trading opportunities.
90	90	- ICT highlights several inefficiencies in the market, including small gaps and imbalances, and shows how to use these to enter trades with minimal risk.
91	91	- The speaker emphasizes the importance of fair value gaps in analyzing price action, as they can be used to identify potential areas of support or resistance.
...	...	@@ -93,19 +93,19 @@
93	93	- The speaker discusses the importance of identifying fair value gaps in candlestick patterns, which can indicate potential price movements.
94	94	- The speaker demonstrates how to identify fair value gaps by analyzing the volume imbalance in a candle, and how to ignore any wicks that are below the halfway point of the candle.
95	95
96		-### Technical analysis and chart patterns.
	95	+**Technical analysis and chart patterns.**
97	97	- Trader explains market manipulation through algorithm-induced buying pressure.
98	98	- ICT explains inversion fair value gaps in his book, emphasizing their importance in identifying potential turning points.
99	99
100		-### Trading with breaker inversion fair value gaps.
	99	+**Trading with breaker inversion fair value gaps.**
101	101	- Inversion, fair value gaps, and breaker trading strategies discussed.
102	102	- ICT identifies reversal patterns in fair value gaps.
103	103
104		-### Trading strategies using chart analysis.
	103	+**Trading strategies using chart analysis.**
105	105	- ICT emphasizes importance of relative equal highs and lows in trading.
106	106	- Trader identifies optimal trade entry point based on inversion and fair value gap.
107	107
108		-### Identifying and trading fair value gaps in price action.
	107	+**Identifying and trading fair value gaps in price action.**
109	109	- ICT identifies areas of price action where stops can be placed and reversals can occur.
110	110	- ICT uses inefficiencies in price action to identify support and resistance levels.
111	111	- ICT identifies efficient price action by focusing on fair value gaps and sell side imbalances.
...	...	@@ -113,15 +113,15 @@
113	113	- ICT explains the importance of experience in trading, emphasizing the need for hands-on practice and hindsight.
114	114	- ICT highlights the significance of the first fair value gap prior to a stop run, using a red or pink color code to distinguish it from other gaps.
115	115
116		-### Identifying trading opportunities through analysis of sell side imbalances and buy side efficiencies.
	115	+**Identifying trading opportunities through analysis of sell side imbalances and buy side efficiencies.**
117	117	- ICT discusses stop management and identifies potential entry points based on sell side imbalances and buy side efficiencies.
118	118	- ICT analyzes price action, identifying potential reversals and trading opportunities.
119	119
120		-### Analyzing stock market trends and identifying potential price movements based on pre-market range.
	119	+**Analyzing stock market trends and identifying potential price movements based on pre-market range.**
121	121	- ICT explains Judah swing, manipulation of price action against expected direction.
122	122	- ICT explains how to anticipate price movements by analyzing pre-market range.
123	123
124		-### Trading strategies and market structure analysis.
	123	+**Trading strategies and market structure analysis.**
125	125	- ICT explains the optimal trade entry pattern, using a 60-72% retracement level and 70.5 level.
126	126	- ICT emphasizes the importance of waiting for relative equal highs or lows during the morning session.
127	127	- The speaker discusses the importance of anticipating manipulation in the market, using the example of a gap and a city.
...	...	@@ -128,19 +128,19 @@
128	128	- The speaker highlights the role of bodies in the market, including the use of stops and the creation of inefficiencies.
129	129	- ICT emphasizes the importance of relative equal highs and lows in trading.
130	130
131		-### Technical analysis and trading strategies.
	130	+**Technical analysis and trading strategies.**
132	132	- ICT wants to see market action align with fair value gaps, with a focus on London session low or high.
133	133	- ICT warns of low-probability trade setup due to overlapping patterns.
134	134
135		-### Annotating charts and retaining memories.
	134	+**Annotating charts and retaining memories.**
136	136	- I annotate charts to retain significant price action memories subconsciously.
137	137
138		-### Using technical analysis to manage emotions and make informed trading decisions.
	137	+**Using technical analysis to manage emotions and make informed trading decisions.**
139	139	- ICT emphasizes logging useful information to manage regret and fear.
140	140	- The speaker emphasizes the importance of managing emotions and expectations in trading, using a journal and role-based ideas to develop skill sets.
141	141	- The speaker identifies specific times of day (7-9 am) and price levels (highs/lows) to watch for potential manipulation, with a focus on waiting for a breakdown before entering a trade.
142	142
143		-### Using Fibonacci levels to identify potential price movements.
	142	+**Using Fibonacci levels to identify potential price movements.**
144	144	- Analyzes price swings after the fact to teach range finding.
145	145	- Ict uses a model to identify convergence of levels in agreement with old highs or lows.
146	146	- Eye is drawn to sell side and balance by side efficiencies, including down, close, big range candles.
...	...	@@ -147,62 +147,62 @@
147	147	- The speaker emphasizes the importance of sticking with a trading idea and process, even when faced with opposition or uncertainty.
148	148	- The speaker warns against entering trades too quickly or without proper setup, leading to potential losses and emotional distress.
149	149
150		-### Identifying trading opportunities using technical analysis and entry models.
	149	+**Identifying trading opportunities using technical analysis and entry models.**
151	151	- ICT explains how to identify potential entry points in the market by analyzing price action and identifying patterns such as breakers and inversion fair value gaps.
152	152	- ICT emphasizes the importance of studying price action in hindsight to develop an entry model that resonates with your observations.
153	153
154		-### Trading psychology and self-awareness.
	153	+**Trading psychology and self-awareness.**
155	155	- Trader seeks to manage risk and find contentment in trading with minimal activity.
156	156	- The speaker emphasizes the importance of filtering out negativity and managing exuberance to avoid failure.
157	157	- The speaker advises against becoming emotionally stimulated by one's own abilities, and instead focuses on keeping a positive mindset.
158	158
159		-### Trading and investing with a focus on simplicity and understanding market odds.
	158	+**Trading and investing with a focus on simplicity and understanding market odds.**
160	160	- ICT emphasizes the importance of a business-like approach to trading, prioritizing routine and monotony over emotions and excitement.
161	161	- ICT warns against seeking advice from unproven and unreliable sources, as they may try to use others for their own significance.
162	162	- The speaker emphasizes the importance of understanding the logic behind trading decisions and trusting one's own experience over proprietary algorithms.
163	163	- The speaker advises against blindly following any trading strategy without proper understanding and risk management, even if it seems simple or obvious.
164	164
165		-### Using social media sentiment for trading, with a focus on opposing opinions and their impact on decision-making.
	164	+**Using social media sentiment for trading, with a focus on opposing opinions and their impact on decision-making.**
166	166	- ICT uses social media as a sentiment gauge for trading ideas and validates them by observing the reactions of his followers.
167	167	- ICT shares his trading ideas publicly and observes how the market reacts, using the reactions to confirm or disprove his ideas.
168	168	- ICT prioritizes accuracy over speed, valuing honesty and transparency in trading.
169	169
170		-### Trading and emotional control.
	169	+**Trading and emotional control.**
171	171	- The speaker emphasizes the importance of saving and consistently doubling income before quitting a job.
172	172	- The speaker warns against trying to quit a job without sufficient savings and trading proficiency.
173	173	- ICT warns of emotional manipulation in trading, risking physical and mental health.
174	174
175		-### Trading mindset and strategies for success.
	174	+**Trading mindset and strategies for success.**
176	176	- ICT emphasizes the importance of managing trades soberly and avoiding unfulfilled delivery of price.
177	177	- Trader prioritizes consistency and self-awareness over aggressive trading.
178	178
179		-### Technical analysis and trading strategies using candlestick charts.
	178	+**Technical analysis and trading strategies using candlestick charts.**
180	180	- ICT discusses technical analysis techniques for identifying trade opportunities.
181	181	- The mentor emphasizes the importance of real-time chart analysis and forward testing for consistent profitability in trading.
182	182	- By studying repeating price patterns at specific times of the day, traders can set realistic expectations and improve their chances of success.
183	183
184		-### Trading, humility, and contentment.
	183	+**Trading, humility, and contentment.**
185	185	- ICT warns against young men's desire for validation through risky trades.
186	186	- The speaker advises against comparing oneself to others in the industry, instead focusing on personal growth and contentment.
187	187	- The speaker encourages the listener to prioritize their own journey and not worry about being faster or better than others.
188	188
189		-### Trading strategies and analysis of a price run.
	188	+**Trading strategies and analysis of a price run.**
190	190	- ICT highlights a price run on the 5-minute chart, annotating key levels and a potential immediate rebalance.
191	191	- ICT emphasizes the importance of identifying disruptions and trading accordingly, avoiding afternoon trading.
192	192
193		-### Trading strategies using price delivery continuum theory.
	192	+**Trading strategies using price delivery continuum theory.**
194	194	- The speaker discusses the price delivery continuum theory, which provides a continuous opportunity for traders to participate in the market.
195	195	- The speaker emphasizes the importance of being consistent with small trades in the beginning to build the mindset and skill set for trading.
196	196	- Algorithm identifies key price points to rebalance inefficient markets.
197	197
198		-### Algorithmic trading and market dynamics.
	197	+**Algorithmic trading and market dynamics.**
199	199	- ICT explains how algorithmic trading works, using examples from the audio.
200	200	- The algorithm constantly offers higher prices, regardless of buying or selling pressure.
201	201
202		-### Trading inefficiencies and potential buying opportunities in a stock.
	201	+**Trading inefficiencies and potential buying opportunities in a stock.**
203	203	- ICT identifies a price drop opportunity despite limited move due to time and price inefficiency.
204	204
205		-### Using 15-second charts for trading and identifying high-probability setups.
	204	+**Using 15-second charts for trading and identifying high-probability setups.**
206	206	- The speaker emphasizes the importance of aligning with the market's movements and avoiding emotional trading decisions.
207	207	- The speaker believes that live streamers on YouTube often miss out on significant price movements due to their limited perspective and emotional decision-making.
208	208	- ICT explains how to use 15-second charts for trading, highlighting the importance of reference points and algorithmic trading.