ICT YT - 2024-09-02 - ICT 2024 Mentorship - Replay vs Live

Last modified by Drunk Monkey on 2024-09-08 11:48
1 00:00:59 --> 00:01:04 ICT: Hi, folks, just a Real quick presentation here. I got asked, What's
2 00:01:04 --> 00:01:09 the difference between Market Replay and am I really doing that? I basically I
3 00:01:09 --> 00:01:13 teach with a paper trading account. You can see it down here, and this Market
4 00:01:13 --> 00:01:18 Replay thing here, if you click on that, watch how these buttons disappear and
5 00:01:18 --> 00:01:25 the separation between the time and the time access on the chart changes. Can
6 00:01:25 --> 00:01:32 you see that now, if I were to do something like this, everything changes.
7 00:01:35 --> 00:01:41 That's not what I do. The buy and sell buttons are down Here, they're no longer
8 00:01:41 --> 00:01:41 up here. I
9 00:02:06 --> 00:02:08 so you can see it's nothing like
10 00:02:16 --> 00:02:24 my examples. Okay, so that's that.
11 00:02:30 --> 00:02:32 Now contrast that with this. I'm
12 00:02:44 --> 00:02:45 that's my entry.
13 00:02:56 --> 00:03:00 NASA, me taking profits as a partial. I Yeah,
14 00:03:09 --> 00:03:14 so we're live streaming it. It's not pre recorded. And that's the difference
15 00:03:14 --> 00:03:20 between Market Replay and actually executing over live price action. I I
16 00:03:20 --> 00:03:24 understand that. You know some of you just don't want to accept it, but the
17 00:03:24 --> 00:03:28 lady that asked for me to show the difference between the two, hopefully
18 00:03:28 --> 00:03:33 you can see that when I'm buying and selling entering with the hot buttons
19 00:03:33 --> 00:03:38 over here, that's to prove to you that we're not using this market replay,
20 00:03:39 --> 00:03:44 because as soon as you start doing this stuff down here, bang, they go away. And
21 00:03:44 --> 00:03:48 the Live button that usually sits here, it says that the market's open. I can't
22 00:03:48 --> 00:03:54 do that here now, so if I could turn it off, it comes back. And that's why I
23 00:03:54 --> 00:03:58 highlight this right here, and then I hover over top of it, because that's
24 00:03:58 --> 00:04:04 live price feed. You can't use that when it's a market replay. So I'm not trying
25 00:04:04 --> 00:04:09 to trick anybody with Market Replay. For the folks that have in the past said
26 00:04:10 --> 00:04:15 it's easy to do with Market Replay, well, you do it like I'm showing you.
27 00:04:16 --> 00:04:19 And for the other folks that say, Hey, look, can you do this in a funded
28 00:04:19 --> 00:04:25 account company? I'm averaging around 20,000 to $35,000 every single day I'm
29 00:04:25 --> 00:04:29 executing so my question to you is, if I did that with 20 accounts, how long do
30 00:04:29 --> 00:04:32 you think those businesses would stay open because they could not afford to
31 00:04:32 --> 00:04:39 pay me two and a half to $5 million per week. Think about it. You want me to
32 00:04:39 --> 00:04:47 take your candy stores away from you. You'll all hate me then. So anyway, I
33 00:04:47 --> 00:04:53 have the remainder to see if we can reach up here and swipe that 19,006 9425
34 00:04:54 --> 00:05:00 level. It's a quadruple top. I've already booked the example here. So that
35 00:05:00 --> 00:05:03 we can see it, but the stop I'll leave down here if it comes back and stops me,
36 00:05:03 --> 00:05:07 not while I'm having cookout today. So be it. But you got to you had a chance
37 00:05:07 --> 00:05:15 to see the difference between Market Replay and a real, live execution. So
38 00:05:15 --> 00:05:19 no, I do not use Market Replay in any of my examples. You saw difference the
39 00:05:19 --> 00:05:23 whole screen shown here. And I can't make any plan on that. The only reason
40 00:05:23 --> 00:05:26 why I showed it is because the lady was very respectful in the way she asked it.
41 00:05:33 --> 00:05:33 Unknown: I.