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Last modified by Drunk Monkey on 2025-04-03 12:11
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2 |1 |00:00:00 ~-~-> 00:00:16 |ICT: Hey, welcome back, folks. So take a look at this here that is a balanced
3 |2 |00:00:16 ~-~-> 00:00:26 |price range, and I'm going to showcase a model that's uniquely mine, and this
4 |3 |00:00:26 ~-~-> 00:00:36 |model is I'm going to do a complete expose on this model in the future, but
5 |4 |00:00:37 ~-~-> 00:00:46 |for now, just suffice it to say that think of it as a venomous predator,
6 |5 |00:00:47 ~-~-> 00:00:54 |okay? And when it injects its venom, it starts to break down the tissues and the
7 |6 |00:00:54 ~-~-> 00:01:01 |sinew of its victim. Well, it's very potent, and my Venom model is very, very
8 |7 |00:01:01 ~-~-> 00:01:09 |powerful, but I want you to take a look at the the absence of first presented
9 |8 |00:01:09 ~-~-> 00:01:15 |fair value gaps here. Okay, and I'm only showing you this as a means of contrast.
10 |9 |00:01:16 ~-~-> 00:01:22 |In 2025 I set out to try to showcase only using the first percent of fair
11 |10 |00:01:22 ~-~-> 00:01:28 |value gap. You can see the order the first of two getting filled here. And I
12 |11 |00:01:28 ~-~-> 00:01:33 |wanted the focus on using just first presented fair value gaps and using
13 |12 |00:01:33 ~-~-> 00:01:37 |draws on liquidity that were obvious. New week opening gaps, New Day opening
14 |13 |00:01:37 ~-~-> 00:01:44 |gaps, opening range, you know, studies the things I taught pretty much in the
15 |14 |00:01:44 ~-~-> 00:01:52 |2024 mentorship. But invariably, because some of you in the audience don't really
16 |15 |00:01:53 ~-~-> 00:01:56 |want to learn, apparently, or you're trying to be disruptive, and you're
17 |16 |00:01:56 ~-~-> 00:02:02 |being disruptive to no one. Let's be honest here. But I want to kind of like
18 |17 |00:02:02 ~-~-> 00:02:07 |counsel you, because some of you may be just simply misguided. For the folks
19 |18 |00:02:07 ~-~-> 00:02:14 |that are paying attention, if you're trying to adhere to one singular model,
20 |19 |00:02:15 ~-~-> 00:02:20 |okay, that means one particular approach to trading, that one model or approach.
21 |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
22 |21 |00:02:25 ~-~-> 00:02:30 |panacea, be all, end all, for every potential price run that occurs in price
23 |22 |00:02:30 ~-~-> 00:02:39 |action on every time frame. So to try to help coach, encourage, inspire the new
24 |23 |00:02:39 ~-~-> 00:02:43 |student that may come to this YouTube channel, or someone that's been, you
25 |24 |00:02:43 ~-~-> 00:02:48 |know, floundering around and trying to find their way with all the content and
26 |25 |00:02:48 ~-~-> 00:02:52 |the compendium of information I've put up on this YouTube channel. I wanted to
27 |26 |00:02:52 ~-~-> 00:02:58 |showcase how just doing one thing won't necessarily result in a trade every
28 |27 |00:02:58 ~-~-> 00:03:02 |single day. That's not the goal. The goal is not to have a trade every single
29 |28 |00:03:02 ~-~-> 00:03:11 |day your your task as a trader is to focus on one setup, one instrument, one
30 |29 |00:03:11 ~-~-> 00:03:20 |time frame, and control risk impeccably. Now far too little spoken about those
31 |30 |00:03:20 ~-~-> 00:03:24 |things, you can see it trading down into a buy side and balance cell sign and
32 |31 |00:03:24 ~-~-> 00:03:25 |efficiency here
33 |32 |00:03:31 ~-~-> 00:03:38 |should trade down into it once more, and then start running up to my limit order
34 |33 |00:03:38 ~-~-> 00:03:44 |for a first partial. So there's that imbalance I'm looking at here, and price
35 |34 |00:03:44 ~-~-> 00:03:54 |should start to vault higher. But I want you to think about how very critical
36 |35 |00:03:55 ~-~-> 00:04:01 |viewers in the audience, and maybe it's you that I'm speaking to, you, may feel
37 |36 |00:04:01 ~-~-> 00:04:08 |inclined to suspect that the concepts that I teach aren't profitable, aren't
38 |37 |00:04:09 ~-~-> 00:04:14 |effective, or that this model doesn't work. It just means that you're
39 |38 |00:04:14 ~-~-> 00:04:19 |expecting everything from one tool, and I don't do that, and I created these
40 |39 |00:04:19 ~-~-> 00:04:24 |things. So it's important to understand that while I'm not trying to trade every
41 |40 |00:04:24 ~-~-> 00:04:29 |model and every approach and every execution strategy that I have devised,
42 |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
43 |42 |00:04:35 ~-~-> 00:04:40 |me and suggested that I continue focusing on something like this because
44 |43 |00:04:41 ~-~-> 00:04:46 |it, it gives them a sense of calmness, because they're they're unfortunately
45 |44 |00:04:46 ~-~-> 00:04:52 |lulled into thinking, because of social media, that every day is a trading day
46 |45 |00:04:52 ~-~-> 00:04:56 |for you to expect to make money on. And if you don't, you're somehow falling
47 |46 |00:04:56 ~-~-> 00:05:01 |short, and you're not people that think like. That or try to promote that idea,
48 |47 |00:05:01 ~-~-> 00:05:06 |I promise you, they are not profitable traders. They're hiding majority of the
49 |48 |00:05:06 ~-~-> 00:05:11 |things that they're doing wrong. And this is transition over to the new day
50 |49 |00:05:11 ~-~-> 00:05:23 |at 6pm Eastern Time. And I think that by having some measure of reality applied
51 |50 |00:05:23 ~-~-> 00:05:29 |to your learning is appropriate. So I transitioned into a five minute chart
52 |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
53 |52 |00:05:37 ~-~-> 00:05:41 |giving yourself permission for your model not to give you a setup that's
54 |53 |00:05:41 ~-~-> 00:05:45 |hard in the beginning because you think that you missed the moves, therefore
55 |54 |00:05:45 ~-~-> 00:05:49 |that's failure. It's not a failure. There's a lot of price action runs that
56 |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
57 |56 |00:05:53 ~-~-> 00:05:57 |see them coming, but I'm not participating in them because I have a
58 |57 |00:05:57 ~-~-> 00:06:01 |specific goal in mind, and there's a partial being taken here. I missed the
59 |58 |00:06:01 ~-~-> 00:06:06 |opportunity getting out at the high a few candles back, but that's close
60 |59 |00:06:06 ~-~-> 00:06:12 |enough for government work. So I'm thinking to myself at this time that,
61 |60 |00:06:13 ~-~-> 00:06:19 |because we're in the Asian session, the market could retrace back down in and I
62 |61 |00:06:19 ~-~-> 00:06:23 |want to take another partial above that new high. So high. And we're inside of
63 |62 |00:06:23 ~-~-> 00:06:32 |the city to the left around 9am from the previous day. So I'm under the
64 |63 |00:06:32 ~-~-> 00:06:39 |assumption that I could be wrong. It might not go to my limit order. So I
65 |64 |00:06:39 ~-~-> 00:06:44 |want to at least take something off at the highest candles, or they're about so
66 |65 |00:06:44 ~-~-> 00:06:48 |you can see where I'm taking partials. They're pretty much in the candles that
67 |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
68 |67 |00:06:53 ~-~-> 00:07:02 |right. So by having this flexibility and permission that you grant yourself that
69 |68 |00:07:02 ~-~-> 00:07:09 |your model is not expected to perform on every price run. It's liberating. It
70 |69 |00:07:09 ~-~-> 00:07:14 |won't feel like mental prison, where you're you're punishing yourself, and
71 |70 |00:07:14 ~-~-> 00:07:22 |you're punishing your model for not doing what it's expected to do. You're
72 |71 |00:07:22 ~-~-> 00:07:29 |thinking that that model should perform every facet of trading, buying long,
73 |72 |00:07:29 ~-~-> 00:07:34 |going short. Trading, the Asian session trading, the London session trading, the
74 |73 |00:07:34 ~-~-> 00:07:40 |silver bullets, it's trading. You know well, Venom. None of you know venom, but
75 |74 |00:07:40 ~-~-> 00:07:45 |you're expecting with unrealistic expectations, that one unique model that
76 |75 |00:07:45 ~-~-> 00:07:49 |you're trying to employ simplifying your trading. But are you really simplifying
77 |76 |00:07:49 ~-~-> 00:07:53 |it if you're expecting it to deliver on every facet of trading? Of course not.
78 |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
79 |78 |00:07:59 ~-~-> 00:08:03 |you've fallen victim to this mindset. And here's me taking five contracts off
80 |79 |00:08:03 ~-~-> 00:08:08 |because I believe we're in a position where it's likely to go against me and
81 |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
82 |81 |00:08:13 ~-~-> 00:08:16 |during this time I'm not actively watching the price action, I've gone
83 |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
84 |83 |00:08:22 ~-~-> 00:08:26 |up and hits my limit, so be it. I've taken the lines portion of the move
85 |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
86 |85 |00:08:34 ~-~-> 00:08:39 |go to my limit order because it was a profitable trade. And there's the stop
87 |86 |00:08:39 ~-~-> 00:08:44 |loss getting tripped. Here's the executions. I'll slow that recording
88 |87 |00:08:44 ~-~-> 00:08:52 |down so you can see everything here and that my friends in a dose of venom,
89 |88 |00:08:55 ~-~-> 00:08:58 |focusing on the bias that I told you yesterday. I'm only interested in going
90 |89 |00:08:58 ~-~-> 00:09:03 |long. I'm not interested in going short and trading in the direction of the
91 |90 |00:09:03 ~-~-> 00:09:07 |liquidity I was identifying. So hope you found this insightful and encouraging,
92 |91 |00:09:07 ~-~-> 00:09:10 |and so I'll talk to you next time. Be safe. Bye.