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ICT YT - 2025-02-19 - Inner Musings On Trading One Model and My Venom Model - Example Only

Last modified by Drunk Monkey on 2025-04-03 12:11
1 00:00:00 --> 00:00:16 ICT: Hey, welcome back, folks. So take a look at this here that is a balanced
2 00:00:16 --> 00:00:26 price range, and I'm going to showcase a model that's uniquely mine, and this
3 00:00:26 --> 00:00:36 model is I'm going to do a complete expose on this model in the future, but
4 00:00:37 --> 00:00:46 for now, just suffice it to say that think of it as a venomous predator,
5 00:00:47 --> 00:00:54 okay? And when it injects its venom, it starts to break down the tissues and the
6 00:00:54 --> 00:01:01 sinew of its victim. Well, it's very potent, and my Venom model is very, very
7 00:01:01 --> 00:01:09 powerful, but I want you to take a look at the the absence of first presented
8 00:01:09 --> 00:01:15 fair value gaps here. Okay, and I'm only showing you this as a means of contrast.
9 00:01:16 --> 00:01:22 In 2025 I set out to try to showcase only using the first percent of fair
10 00:01:22 --> 00:01:28 value gap. You can see the order the first of two getting filled here. And I
11 00:01:28 --> 00:01:33 wanted the focus on using just first presented fair value gaps and using
12 00:01:33 --> 00:01:37 draws on liquidity that were obvious. New week opening gaps, New Day opening
13 00:01:37 --> 00:01:44 gaps, opening range, you know, studies the things I taught pretty much in the
14 00:01:44 --> 00:01:52 2024 mentorship. But invariably, because some of you in the audience don't really
15 00:01:53 --> 00:01:56 want to learn, apparently, or you're trying to be disruptive, and you're
16 00:01:56 --> 00:02:02 being disruptive to no one. Let's be honest here. But I want to kind of like
17 00:02:02 --> 00:02:07 counsel you, because some of you may be just simply misguided. For the folks
18 00:02:07 --> 00:02:14 that are paying attention, if you're trying to adhere to one singular model,
19 00:02:15 --> 00:02:20 okay, that means one particular approach to trading, that one model or approach.
20 00:02:20 --> 00:02:25 Trading is not going to be a an answer for everything. It's not going to be a
21 00:02:25 --> 00:02:30 panacea, be all, end all, for every potential price run that occurs in price
22 00:02:30 --> 00:02:39 action on every time frame. So to try to help coach, encourage, inspire the new
23 00:02:39 --> 00:02:43 student that may come to this YouTube channel, or someone that's been, you
24 00:02:43 --> 00:02:48 know, floundering around and trying to find their way with all the content and
25 00:02:48 --> 00:02:52 the compendium of information I've put up on this YouTube channel. I wanted to
26 00:02:52 --> 00:02:58 showcase how just doing one thing won't necessarily result in a trade every
27 00:02:58 --> 00:03:02 single day. That's not the goal. The goal is not to have a trade every single
28 00:03:02 --> 00:03:11 day your your task as a trader is to focus on one setup, one instrument, one
29 00:03:11 --> 00:03:20 time frame, and control risk impeccably. Now far too little spoken about those
30 00:03:20 --> 00:03:24 things, you can see it trading down into a buy side and balance cell sign and
31 00:03:24 --> 00:03:25 efficiency here
32 00:03:31 --> 00:03:38 should trade down into it once more, and then start running up to my limit order
33 00:03:38 --> 00:03:44 for a first partial. So there's that imbalance I'm looking at here, and price
34 00:03:44 --> 00:03:54 should start to vault higher. But I want you to think about how very critical
35 00:03:55 --> 00:04:01 viewers in the audience, and maybe it's you that I'm speaking to, you, may feel
36 00:04:01 --> 00:04:08 inclined to suspect that the concepts that I teach aren't profitable, aren't
37 00:04:09 --> 00:04:14 effective, or that this model doesn't work. It just means that you're
38 00:04:14 --> 00:04:19 expecting everything from one tool, and I don't do that, and I created these
39 00:04:19 --> 00:04:24 things. So it's important to understand that while I'm not trying to trade every
40 00:04:24 --> 00:04:29 model and every approach and every execution strategy that I have devised,
41 00:04:29 --> 00:04:35 I'm sticking to one. And I can't tell you how many people have reached back to
42 00:04:35 --> 00:04:40 me and suggested that I continue focusing on something like this because
43 00:04:41 --> 00:04:46 it, it gives them a sense of calmness, because they're they're unfortunately
44 00:04:46 --> 00:04:52 lulled into thinking, because of social media, that every day is a trading day
45 00:04:52 --> 00:04:56 for you to expect to make money on. And if you don't, you're somehow falling
46 00:04:56 --> 00:05:01 short, and you're not people that think like. That or try to promote that idea,
47 00:05:01 --> 00:05:06 I promise you, they are not profitable traders. They're hiding majority of the
48 00:05:06 --> 00:05:11 things that they're doing wrong. And this is transition over to the new day
49 00:05:11 --> 00:05:23 at 6pm Eastern Time. And I think that by having some measure of reality applied
50 00:05:23 --> 00:05:29 to your learning is appropriate. So I transitioned into a five minute chart
51 00:05:29 --> 00:05:34 just to keep the chart a little bit more tidy. And I want you to think about how
52 00:05:37 --> 00:05:41 giving yourself permission for your model not to give you a setup that's
53 00:05:41 --> 00:05:45 hard in the beginning because you think that you missed the moves, therefore
54 00:05:45 --> 00:05:49 that's failure. It's not a failure. There's a lot of price action runs that
55 00:05:49 --> 00:05:53 I don't participate in. Some of them, I'll be honest with you, most of them, I
56 00:05:53 --> 00:05:57 see them coming, but I'm not participating in them because I have a
57 00:05:57 --> 00:06:01 specific goal in mind, and there's a partial being taken here. I missed the
58 00:06:01 --> 00:06:06 opportunity getting out at the high a few candles back, but that's close
59 00:06:06 --> 00:06:12 enough for government work. So I'm thinking to myself at this time that,
60 00:06:13 --> 00:06:19 because we're in the Asian session, the market could retrace back down in and I
61 00:06:19 --> 00:06:23 want to take another partial above that new high. So high. And we're inside of
62 00:06:23 --> 00:06:32 the city to the left around 9am from the previous day. So I'm under the
63 00:06:32 --> 00:06:39 assumption that I could be wrong. It might not go to my limit order. So I
64 00:06:39 --> 00:06:44 want to at least take something off at the highest candles, or they're about so
65 00:06:44 --> 00:06:48 you can see where I'm taking partials. They're pretty much in the candles that
66 00:06:48 --> 00:06:53 make the turning points at the highs, or they're about as close as I can get it
67 00:06:53 --> 00:07:02 right. So by having this flexibility and permission that you grant yourself that
68 00:07:02 --> 00:07:09 your model is not expected to perform on every price run. It's liberating. It
69 00:07:09 --> 00:07:14 won't feel like mental prison, where you're you're punishing yourself, and
70 00:07:14 --> 00:07:22 you're punishing your model for not doing what it's expected to do. You're
71 00:07:22 --> 00:07:29 thinking that that model should perform every facet of trading, buying long,
72 00:07:29 --> 00:07:34 going short. Trading, the Asian session trading, the London session trading, the
73 00:07:34 --> 00:07:40 silver bullets, it's trading. You know well, Venom. None of you know venom, but
74 00:07:40 --> 00:07:45 you're expecting with unrealistic expectations, that one unique model that
75 00:07:45 --> 00:07:49 you're trying to employ simplifying your trading. But are you really simplifying
76 00:07:49 --> 00:07:53 it if you're expecting it to deliver on every facet of trading? Of course not.
77 00:07:53 --> 00:07:59 And it's normal for a new trader or a new student to think this way. So if
78 00:07:59 --> 00:08:03 you've fallen victim to this mindset. And here's me taking five contracts off
79 00:08:03 --> 00:08:08 because I believe we're in a position where it's likely to go against me and
80 00:08:08 --> 00:08:13 it could stop me out, and I'm going to fall asleep because I need sleep. So all
81 00:08:13 --> 00:08:16 during this time I'm not actively watching the price action, I've gone
82 00:08:16 --> 00:08:22 back to bed and I said to myself, if it stops me out, so be it. And if it runs
83 00:08:22 --> 00:08:26 up and hits my limit, so be it. I've taken the lines portion of the move
84 00:08:27 --> 00:08:34 inside of that city to the left around 9am so I'm content. It doesn't need to
85 00:08:34 --> 00:08:39 go to my limit order because it was a profitable trade. And there's the stop
86 00:08:39 --> 00:08:44 loss getting tripped. Here's the executions. I'll slow that recording
87 00:08:44 --> 00:08:52 down so you can see everything here and that my friends in a dose of venom,
88 00:08:55 --> 00:08:58 focusing on the bias that I told you yesterday. I'm only interested in going
89 00:08:58 --> 00:09:03 long. I'm not interested in going short and trading in the direction of the
90 00:09:03 --> 00:09:07 liquidity I was identifying. So hope you found this insightful and encouraging,
91 00:09:07 --> 00:09:10 and so I'll talk to you next time. Be safe. Bye.