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ICT - Sniper Course - 08 - Escape and Evasion module - Series Review.srt

Last modified by Drunk Monkey on 2021-06-10 10:34
1 00:00:59,220 --> 00:01:00,000 ICT: Hello Folks, this 
2 00:01:00,000 --> 00:01:10,710 is ICT with the eighth and final installment in the scout sniper training series. This episode is going to be called escape and evasion. Now what it's
3 00:01:10,710 --> 00:01:20,370 going to be doing essentially is providing you a summary and an overview of what it is specifically that you should have gleaned going through each individual
4 00:01:20,370 --> 00:01:33,810 installment. Now, it's not my aim to produce additional technical concepts in this episode. In fact, what I've done was I forced you to spend six months, if
5 00:01:33,810 --> 00:01:42,930 you do the calculations on your calendars, you'll see that we've spent six months from the initial installment to now this one being the last in the series
6 00:01:43,110 --> 00:01:52,650 to be released. Because what I did was I forced you to look at the consumption concepts over a period of time, okay, you have to have a sample set of looking
7 00:01:52,650 --> 00:02:03,930 at each individual component that was produced and released in modular form.  Each episode had its individual premise in mind for you to study and utilize in
8 00:02:03,930 --> 00:02:14,730 your own exercise and training. So that way allows the individual viewers the time that's necessary to adopt the understanding that each component requires,
9 00:02:15,240 --> 00:02:26,850 once we understand all the components collectively, okay and intimately on each component. Once that's understood, then it's very easy for someone that's a
10 00:02:26,850 --> 00:02:39,360 mentor or a teacher to conceptualize it into a trading plan, or a process of engaging the market. So I guess it's a long way around saying you need to take
11 00:02:39,360 --> 00:02:47,580 the time to study each individual component. Know it intimately understand why it does what it's doing. Okay. And what am I referring to while the time of day
12 00:02:47,580 --> 00:02:57,660 theory, okay, what happens between two o'clock and 5am? New York time? Okay, during the London session, what do you typically see what type of price actions
13 00:02:57,960 --> 00:03:12,150 usually characteristic of that time of day? Does London close between 15 116 100 GMT, that time window typically, you know, produces something else in terms of
14 00:03:12,150 --> 00:03:22,920 price action that's very generic and repeats itself over and over and over again? The New York open, okay? 12 to 1400 GMT. Okay, what happens during that
15 00:03:22,920 --> 00:03:34,560 timeframe? Okay, on a daily basis, doing that, over a period of time, builds an understanding, again, intimately, on what each individual component of each
16 00:03:34,560 --> 00:03:46,650 installment that we produced and shared with you. So by having that amount of time, and that exercise oriented approach to learning, hopefully you've done
17 00:03:46,650 --> 00:03:57,120 that, if you haven't, obviously, this episode will, more or less, force you to go back through it again. Okay. And actually, it's in my intentions really, to
18 00:03:57,120 --> 00:04:05,730 make a go through that series one more time. And it's not for YouTube views or statistics need to try to get more views because that's not my interest, if I
19 00:04:05,730 --> 00:04:14,910 could get a handful of really exceptional traders, okay, that are consistently delivering the results that they aim for. That's my goal, you know, I don't
20 00:04:14,910 --> 00:04:25,920 monetize my videos, I'm not trying to get you know, hits or, or stats. So it's really the feedback, okay, that I get a high off of. So it's with really that
21 00:04:25,980 --> 00:04:36,570 I'm hoping that if this video series has been helpful to you, if it's insightful to us to help you build a foundation to price action analysis. I would love to
22 00:04:36,570 --> 00:04:47,760 have some feedback, you can reach me on ICT at the inner circle trader comm it's really the driving force behind why I do what I do is I do not sell courses, I
23 00:04:47,760 --> 00:04:57,270 do not sell seminars, I do not sell books, I do not sell any information whatsoever. I do this because of you just the sheer passion in sharing it. I'm
24 00:04:57,270 --> 00:05:06,600 successful in my own right. So by sharing it certainly not by take anything from me. But I certainly do enjoy and really get invigorated by the the feedback of
25 00:05:06,690 --> 00:05:15,780 new developing traders or folks that have been trading for a long period of time that come on to the ICT concepts. And it really gives a supercharged to their
26 00:05:15,780 --> 00:05:25,800 understanding and price action. And hopefully, the results are positive. So let's get on to this presentation. Okay, so what we're going to be looking at in
27 00:05:25,800 --> 00:05:35,130 this presentation, we're gonna be covering Well, we're gonna be reviewing the series, okay, and basically going over what it is specifically that you as the
28 00:05:35,130 --> 00:05:46,410 viewer, okay, should have gleaned. Now, we're going to be looking specifically at the ICT sniper series skill set. We have to understand that, you know, going
29 00:05:46,410 --> 00:05:57,390 through this video series, we've learned that the market moves only by means of large funds entering and exiting price seeks yield. So where yields are,
30 00:05:58,440 --> 00:06:08,970 and where yields are moving towards, that is going to be a catalyst for where future price action will ensue. Okay, so you have to understand that price in
31 00:06:08,970 --> 00:06:21,180 itself isn't just simply moving around, aimlessly, there is a driving force fundamentally, okay, driving force behind price action, we cannot always discern
32 00:06:21,180 --> 00:06:31,140 what that is. Okay. There are fundamental traders that admittedly, they may be very, very astute in terms of the fundamentals, but me as a trader, I simply
33 00:06:31,140 --> 00:06:41,640 can't grasp fundamentals as a central tenant to my trading. So I rely on price action to convey those that are smarter than me in that realm. Okay, because
34 00:06:41,640 --> 00:06:51,090 large funds and, and banks are more in tune with the fundamentals, and the drivers behind a currency exchange, I allow them to you pretty much leave their
35 00:06:51,090 --> 00:06:57,900 footprint in the sand. And then if they're doing something specific, I'm going to be looking to follow suit, okay. So it removes all the necessity of being a
36 00:06:57,900 --> 00:07:09,180 genius. And we do not look to predict price moves. Okay, we would rather wait for smart money to move price initially, this is going to help you hone the
37 00:07:09,180 --> 00:07:18,870 skill of patients. And if you understand what that footprint looks like, and we talked about that in several examples in the series, it allows you to simply
38 00:07:18,870 --> 00:07:27,930 wait for that, if you will, road sign, okay, because most individuals sit in front of the charts and you really have no idea what it is they're specifically
39 00:07:27,930 --> 00:07:37,320 looking for. But hopefully with this series, we have zeroed in on what specifically, you're looking for that initial move that quick, sudden move away
40 00:07:37,320 --> 00:07:47,640 from a particular price level that indicates fundamental flows being driven by institutional level trading, okay, retail trading cannot move the market. We are
41 00:07:47,640 --> 00:07:56,700 just little fleas on the big dogs, okay, so if the dogs running, okay, hopefully we're on for the ride. And bottom line is we can just take a little bite here
42 00:07:56,700 --> 00:08:05,700 and there. But ultimately, we can't make the waves we just ride them. Now the typical business model and trading is simply understanding that there's a
43 00:08:06,480 --> 00:08:16,410 generic price action theory that unfolds on a daily basis that goes over and over and over again between London to New York and London close. Okay, there's a
44 00:08:16,410 --> 00:08:25,710 small little pocket of action that goes on in Asia, but we didn't spend any time of any significance really, in that, but I do have a video on dealing
45 00:08:25,710 --> 00:08:33,540 specifically with Asian trading. So if you look at that, on my YouTube channel, you can certainly glean what it is that's useful for that that time window or
46 00:08:33,540 --> 00:08:46,590 Killzone. But specifically moves repeat in specific times of day, and specific days of the week. And that phenomenon, again, is very generic. It's not
47 00:08:46,620 --> 00:08:57,120 attributed to any one author. It's not attributed to any one specific source.  It's just a generic observation that I've made over the years and gleaning
48 00:08:57,120 --> 00:09:07,650 certain things from Larry Williams, new trading day of the week understanding with his bond and sap trading really gave me the insight to Hey, look, you know
49 00:09:07,650 --> 00:09:17,670 what? He's right. You know, because he mentioned in his teachings that humans, by far and large, we're really good starters. Okay, but we really suck really,
50 00:09:18,420 --> 00:09:27,450 you know, finishing, okay. And we spent a lot of time throughout the week. Okay, China chase money. But as we get closer to Friday, when the markets are closing,
51 00:09:28,230 --> 00:09:38,550 our interest really wanes, and we anticipate the weekend. So we spend the most time of our weekend studying and looking at fundamental data, price charts, and
52 00:09:38,550 --> 00:09:46,710 we're all in a hurry to get ready to do something new for the new week. And that's why typically the weekly higher lows formed in the first couple days of
53 00:09:46,710 --> 00:09:55,950 the week and in the weekly range unfolds with that in mind. So we we learned that there's a specific generic business model that takes place and we
54 00:09:55,950 --> 00:10:07,950 understand how market makers deal within that overall price. Model long term higher timeframe charts illustrate to the direction of smart money. No smart
55 00:10:07,950 --> 00:10:24,510 money again, we've identified as the large funds, institutional banks, traders that have huge, huge accounts and large supplies of money to really cause these
56 00:10:24,900 --> 00:10:35,910 major shifts in price. We as traders, we and retail level we cannot cause these major price spikes, okay, it was just simply not enough of us. But when we have
57 00:10:35,970 --> 00:10:48,330 a higher level entities, okay. They have really deep pockets when they do exchange transactions in the marketplace. They can't hide that. Okay, so there's
58 00:10:48,330 --> 00:10:58,440 a very, very telling footprint, okay, left in the charts. If you understand what it is that you're looking for. It really tips the cards and let you know what it
59 00:10:58,440 --> 00:10:59,100 is they're doing.
60 00:11:01,679 --> 00:11:12,269 Smart Money or large funds are not scalpers. Okay, they require and produce sustained moves. So that's, that was hopefully one of the main paradigm shifts
61 00:11:12,269 --> 00:11:21,989 that you encountered with this series, because you're going to need the understanding of waiting for specific price action, okay to unfold before you
62 00:11:21,989 --> 00:11:33,659 take action on your retail account. Because if you're a scalper and you don't understand the concepts of how large funds in order flows directly impact you as
63 00:11:33,659 --> 00:11:44,249 a trader, even as a scalper, you will fail, okay, you have to have to have them you have to have understanding that, you know, price has to move by a larger
64 00:11:44,249 --> 00:11:54,839 entity. And without that institutional quote unquote, sponsorships, I like to refer to as in price moves, you're simply going to not see the advancements in
65 00:11:54,839 --> 00:12:06,599 price that you can hope to make, even as a scalper. So, we, we did a very in depth study of smart money and large funds and institutional level waterflow. So
66 00:12:06,599 --> 00:12:16,439 when you see that type of thing unfolding in your charts, you know, that's a green light go, you need to start following that market. Okay. Now, trading
67 00:12:16,439 --> 00:12:26,039 environments where institutional flows move price, will, as a direct result, make your equity rise, because you know, that the market is predisposed to move
68 00:12:26,099 --> 00:12:37,499 on a grand scale, not minor static little short term blips and just static price action. That's not how you want to be trading. Even in any other asset class,
69 00:12:37,499 --> 00:12:48,419 not just simply an FX, you have to have that environment where things are moving. Okay, as traders, we need price movement. If if prices stagnant, there's
70 00:12:48,419 --> 00:12:58,949 a reason for that, and we're going to talk more about that as we go. Quiet markets are quiet for fundamental reasons, specifically, dead money or street
71 00:12:58,949 --> 00:13:08,549 money. Invariably trade during these times, because they need to be doing something because they have no plan. They're like a dog in a meat market or
72 00:13:08,549 --> 00:13:22,889 nibbling on this and nibbling on that we as specifically detail oriented traders, okay, very patient, very goal oriented. Okay, we are, we are trained to
73 00:13:22,889 --> 00:13:30,869 look for specific things in the marketplace. We don't simply go in there because we have time to sit in front of the computers to do some trading. We are looking
74 00:13:30,869 --> 00:13:41,999 for something specifically in the price charts before we even contemplate putting on a trade, okay? And that's the divider between the stupid street money
75 00:13:42,029 --> 00:13:53,819 okay? Or the neophyte rookie traders that just because they read some website, okay, claiming to give you the introductory course on price and forex, that will
76 00:13:53,819 --> 00:14:05,099 not equate to success, because there's a whole lot of other things that have to go on, that the majority of teaching and resources on the internet simply do not
77 00:14:05,099 --> 00:14:15,629 have the understanding or the, you know, the responsible nature and in revealing it to you, okay, so just simply because it's quiet, and you think it's safe and
78 00:14:15,659 --> 00:14:23,129 your stop loss will be safe, because as I'm moving around that much think about as as a new trader when you first got involved. Fast markets are scary, right?
79 00:14:24,569 --> 00:14:33,599 Why? That's what you want as a trader, okay, you're in control of the risk, you're in control of the leverage. So fast market can be tamed with your
80 00:14:33,599 --> 00:14:46,499 leverage. Okay? But quiet markets are basically just graveyards waiting for you to bury yourself in, because you'll over trade them because even if it's a small
81 00:14:46,499 --> 00:14:54,959 stop that you think you're safe by implementing small stuff still get tripped if you're wrong. In 90% of the time, new traders have no idea what you're doing.
82 00:14:55,559 --> 00:15:02,939 And this static price action alone will come down and tag you out. But you are neutral. You're going to over trade a quiet market because you need to get that
83 00:15:02,939 --> 00:15:12,569 money back and it cycle repeats. And we talked about that type of thing. In this series, you require the professional trader, volatility. And volatility is the
84 00:15:12,569 --> 00:15:21,989 telltale sign, it's someone with more money than you is moving the market. And it's time to start paying attention to that particular asset class. Okay. price
85 00:15:21,989 --> 00:15:31,079 moves, typically in an overall weekly direction, okay, and you want to be trading in that direction, whether you're short term day trading. Or if you're
86 00:15:31,079 --> 00:15:41,219 looking like what we teach in this series here, one shot one kill one weekly setup per week, to build discipline to build new skill set development, and
87 00:15:41,219 --> 00:15:51,329 understanding how the institutional and large order flows, move the market. And you can sit on your hands and wait for really these cherry setups where you just
88 00:15:51,329 --> 00:15:59,519 simply are just not, you're not interested in all the little tiny minor moves, you just want something that's really locked for a high probability, low risk,
89 00:15:59,669 --> 00:16:00,389 opportunity.
90 00:16:02,669 --> 00:16:13,349 dynamic and or explosive moves result from higher timeframe analysis, and time and price theory. By coupling the higher timeframe, analysis concepts, and time
91 00:16:13,349 --> 00:16:26,969 and price theory, chill zones, train day, the week premise, you will have the ingredients for a very, very dynamic price action based model of trading.
92 00:16:30,059 --> 00:16:39,509 Entering what markets move opposite to your intended trade is optimal. That's the premise behind the ICT optimal trade entry in the OT, he forces you to trade
93 00:16:39,839 --> 00:16:48,449 in the opposite direction of where you intend to profit from, okay, you're selling during a rally you're buying during a decline. That's how that price
94 00:16:48,449 --> 00:17:00,599 pattern works. Because you're doing that you will overcome the dealer spread much more quickly, and you'll be closer to your stop versus waiting for the
95 00:17:00,599 --> 00:17:07,919 market to move. We're looking for what you think is confirmation. But it's moving farther away from where your intended stop loss placement should be
96 00:17:08,099 --> 00:17:18,449 thereby requiring you to take on more risk. Okay, then necessary. So we've learned that with a paradigm shift and looking at how the markets are ideally in
97 00:17:18,479 --> 00:17:29,879 optimally traded when it's moving away from your intended trade direction. And it takes some skill set exercises that require you to be in the market, looking
98 00:17:29,879 --> 00:17:36,779 at how price moves on a lower timeframe, because it gives you several opportunities a couple times a day where you can do these types of skill set
99 00:17:36,839 --> 00:17:48,089 exercises and see what it's like when you be buying when it's a bearish candle.  Okay, what's a boldface bear scandal, it takes some reverse thinking, okay,
100 00:17:48,089 --> 00:17:56,339 because it looks like it's kind of continue to go lower. And that's exactly what the myopic retail traders think. And those that continuously lose their shirt,
101 00:17:56,549 --> 00:18:05,429 you have learned how to think differently, your mindset has now been plugged in to how smart money operates, because they have to buy when prices go down. And
102 00:18:05,429 --> 00:18:16,649 they sell and prices are going up. market makers generally price markets higher to sell into the rally. We understand that that's the market maker sell model.
103 00:18:17,579 --> 00:18:27,179 By having that template in mind, we can understand that when price rallies, okay, and goes into a resistance level. The price model, okay, generically
104 00:18:27,179 --> 00:18:39,479 speaking, if you will, will generally unfold as that graphic that I shared in the series A k depicts, okay, and the same thing as said for a market maker by
105 00:18:39,479 --> 00:18:53,699 model. market makers will generally price markets lower to buy into that drop.  So it gets back to the fundamental premise that we do not. We don't chase price,
106 00:18:54,239 --> 00:19:04,079 okay, we understand where price may be trying to get to. And when it gets to specific price levels, then and then and only is when we stock setups and price
107 00:19:04,079 --> 00:19:16,139 patterns to facilitate or execute a trade entry. We don't care if prices explosively moved 150 pips and our setup has moved, okay. Outside the parameters
108 00:19:16,139 --> 00:19:25,319 of potential entry, and price takes off and goes and leaves us behind. We do not care about that because we understand that the premise that we use to trading
109 00:19:25,619 --> 00:19:33,269 repeats over and over and over again. We don't have to force yourself into a trade and we don't have to chase it and jump on board after it's done moved 40
110 00:19:33,269 --> 00:19:43,169 pips, there's no, there's no, there's no need for that. Okay, and hopefully this series has produced that mindset in you because if you're chasing price, you're
111 00:19:43,169 --> 00:19:53,639 looking through your counterweight very very quickly. Now, significant price moves are typically seen immediately after stops are rated. Now, we've given you
112 00:19:53,639 --> 00:20:03,809 exercises to look for where clean levels are on your chart. If you see several times where Short term highs have made rallies up to a specific price level, but
113 00:20:03,839 --> 00:20:15,239 neither one made of any significant sweep above the previous high. That is an indication of the levels to clean and folks that are trading that market, they
114 00:20:15,239 --> 00:20:24,509 may sell into those highs, okay. And their stop loss orders would be just above those particular highs when you see that phenomenon and same thing is said for
115 00:20:24,539 --> 00:20:33,029 equal lows, okay, or double bottom lows, I don't like double bottoms, because to me, they're just classic scenarios for folks to put their stops believe beneath
116 00:20:33,029 --> 00:20:43,139 it. And then what'll happen is you'll get a turtle soup, okay, or similar pattern like that, where it will rarely go down spike through it, read it in
117 00:20:43,259 --> 00:20:53,849 very dramatically and dynamically run the other way. Okay, and when you see that happen, if you don't take action during the raid itself, okay, if you're not
118 00:20:53,849 --> 00:20:54,749 astute enough to know
119 00:20:55,140 --> 00:21:04,800 how to trade those raids, then you can simply wait for them to unfold and then wait for the waterblock to be retested after that initial move up, because it's
120 00:21:04,800 --> 00:21:14,280 going to be the same thing that we look as a classic price rally. We wait for the pullback, and then we buy into it. And same thing said for a song scenario.
121 00:21:17,220 --> 00:21:28,560 Now Fibonacci can be used in trade execution. And we use it for stock placement and target setting. Okay, and using the skill set exercises that we released in
122 00:21:28,560 --> 00:21:40,770 this series, there's nothing outside of that, that I do with Fibonacci that is necessity. Or necessary rather that you need to do with Fibonacci to make it any
123 00:21:40,770 --> 00:21:50,910 more complicated than it is. You're you're looking to find a pullback between the 69 and 79% retracement levels. And hopefully that is an overlay of in order
124 00:21:50,910 --> 00:22:01,530 block within a higher time frame directional premise. And it's simply that you just wait for that to unfold. And you use your swing projections and your market
125 00:22:01,530 --> 00:22:14,760 structure to define highs and lows that you would look for extensions in your Fibonacci for price objectives. Okay. Now London open and New York open our
126 00:22:14,760 --> 00:22:25,650 ideal day trade sessions with unique traits. Typically, we learned that the long open has specific characteristics that's inherently directly related to the
127 00:22:25,650 --> 00:22:35,880 higher low of daily range. And the New York open typically has a specific characteristic that is in relationship to what takes place during the London
128 00:22:35,880 --> 00:22:45,390 open. And by specifically trading those time when there's our ICT kill zones, you have the highest probability to trade when specific market turning points
129 00:22:45,420 --> 00:22:56,520 take place. Now the majority of the daily range highs and or lows formed in specific time windows or what I commonly refer to as icy till ICT kill zones.
130 00:22:57,810 --> 00:23:07,770 It's not enough simply because you have the free time to sit in front of the charts, you expect price to move, you have to be on board and plugged in. When
131 00:23:07,920 --> 00:23:18,030 the players are on the on the playing field. If the banks are not looking to do anything transactionally the market is not going to be moving. And we've
132 00:23:18,030 --> 00:23:28,650 identified where they generally like to cluster in terms of volatility, we see a volatility injection in London open a volatility injection during the New York
133 00:23:28,650 --> 00:23:40,050 open and a volatility injection at the London close and very, very minor little movements in Asia. Okay, and we look for weekly setups that align with higher
134 00:23:40,050 --> 00:23:49,800 timeframe, timing price, at key support resistance levels. So we understand how to look at higher time frame support resistance we understand how to break down
135 00:23:50,100 --> 00:23:57,030 the directional bias on the higher time frame daily and for our we understand how to look at specific times of the day and specific days of the week. We
136 00:23:57,030 --> 00:24:10,860 understand by blending all those things. That's what facilitates or defines a high probability, low risk trade. Lastly, trade with controlled risk management
137 00:24:10,890 --> 00:24:20,460 and equity management always, it's not enough by having sound principle oriented trading concepts. It's not enough. If you over leverage or if you over trade,
138 00:24:20,730 --> 00:24:30,000 you will blow your account. Okay. So it's important that you work within a demo account setting until you're absolutely 100% confident with your ability to
139 00:24:30,000 --> 00:24:39,840 stick to within a realm of rules and discipline oriented trading. Only then when you decide I can't define it for you. I'm not suggesting that you should start
140 00:24:39,870 --> 00:24:49,050 trading live money until you yourself have assumed responsibility. You've assumed the understanding that's necessary for you as a trader, emotionally
141 00:24:49,050 --> 00:24:57,090 psychologically, before you place a single penny at risk in the marketplace. You need to define yourself as a trader, what specifically you're going to be
142 00:24:57,090 --> 00:25:04,350 dealing okay and then when you understand that Even then still keep your risk exposure very, very low.
143 00:25:10,080 --> 00:25:21,360 Okay, what analysis and process is used to study the daily chart? Okay, we're gonna be looking at the macro view on large funds in order flows. Now the ICT
144 00:25:21,360 --> 00:25:29,100 daily chart timeframe checklist now this is what you're doing. Okay, when you first sit down at your your chart and you first begin your analysis on a
145 00:25:29,100 --> 00:25:37,890 particular pair asset class, if you will. You have your daily chart opened up, okay, what is it, you're supposed to be doing? Well, our concepts that we shared
146 00:25:37,890 --> 00:25:47,820 in this video series, okay, teach us the very first thing is that we look to see where yields are okay, because the market seeks yield, and where yields are
147 00:25:47,820 --> 00:26:03,300 supplied there to is where price will draw to, okay, and we understand that the 10 year German and the 10 year USD bond yields are useful. You can look at the
148 00:26:05,220 --> 00:26:17,160 European, UK rather 10 year bond yield as well. And when you start seeing these divergence, as we discussed, okay, that's usually a telling sign that we're
149 00:26:17,160 --> 00:26:28,170 going to be seeing a shift. But if you are familiar with the futures market, you could look at the 10 year t note. Okay, and whatever the T note price is doing
150 00:26:28,170 --> 00:26:35,700 just that's going to be the opposite what yields are doing. So if t notes are going up, yields are going down, if t notes are going down, in the futures
151 00:26:35,700 --> 00:26:46,830 price, that means yields are going up, okay, and yields that go up will generally on a higher time frame basis will generally pull price up in the
152 00:26:46,830 --> 00:26:57,060 currency market. Okay? So it's always chasing yield yield. The yield itself is the directional premise, you follow where the yield is, okay. Or if you want to
153 00:26:57,060 --> 00:27:07,860 use the futures market, it's going to be the opposite with a teenager doing great. Now, seasonal tendencies are something that I consider, but they are not
154 00:27:07,860 --> 00:27:17,460 a panacea. They're not a be all end all. And they're no guarantee. Now I use them, as I suggested in this video series. They're more like a roadmap. And if I
155 00:27:17,460 --> 00:27:29,490 was asked you, in the States, we have you pretty routine seasonal influences. We understand when the snow is most likely to occur, what months of the year, we
156 00:27:29,490 --> 00:27:37,500 understand when it's going to be hot, we understand when it's going to be cool.  We understand when there's going to be allergy season, okay, seasonal tendencies
157 00:27:37,530 --> 00:27:48,270 are valuable, because we can look at when the large significant price moves are most likely to occur. Specifically, during certain months of the year, I would
158 00:27:48,270 --> 00:27:57,330 count you to utilize the seasonal tendency in that capacity first until you grow in your understanding of how the seasonal tendency chart really communicates
159 00:27:57,360 --> 00:28:06,240 what's going on. It's not simply looking at the lowest low and the seasonal, any certain say, Okay, well, the market makes a low on this chart between this month
160 00:28:06,240 --> 00:28:14,580 and that month, therefore I'm willing to be looking to be buying then No, you have to have some other technical characteristics behind the idea not to simply
161 00:28:14,580 --> 00:28:22,980 doing it because a seasonal tendency suggested it's going to make a lower high, okay, we're really more inclined to following when there's a large price swing
162 00:28:23,010 --> 00:28:35,760 that usually moves in one direction or the other. That's really the basis for how I use seasonal tendencies. Okay, we look on a daily chart, for obvious key
163 00:28:35,760 --> 00:28:46,350 support resistance levels. Now we note these with at least two to three years of data on our screen. Okay, by having that that amount of data on your chart, it
164 00:28:46,350 --> 00:28:56,970 really will remove the necessity of having your weekly chart analysis done.  Okay, but it will at least give you feel the higher level support resistance
165 00:28:56,970 --> 00:29:10,380 levels that may be outside the scope of most myopic neophyte traders that simply don't look beyond in the last couple of weeks. Okay, now, do not discount the
166 00:29:10,380 --> 00:29:20,250 levels acquired on a study of weekly and monthly charts, okay, because these two are odds builders, they have the the impact, okay, of creating very, very
167 00:29:20,250 --> 00:29:28,620 dynamic reversals, okay. And if you ignore them, okay, you're really handicapping yourself. So while I didn't spend a whole lot of time in this
168 00:29:28,620 --> 00:29:36,690 series doing that, it would be very foolish, I mean, not to at least include it as a suggestion that you should be looking at the monthly weekly charts
169 00:29:36,750 --> 00:29:45,750 periodically, not a whole lot to once in a while, just take a gander at and you'll you'll hopefully, see you're within a range that facilitates sound
170 00:29:45,750 --> 00:29:55,740 trading with the daily chart and lower timeframes in mind. Okay, on the daily chart, we try to determine the current market structure Okay. Are we in a
171 00:29:55,740 --> 00:30:04,440 bullish market structure or a bearish market structure have we just encountered a market structure shift, okay, it has a specific key hide and taken out. So now
172 00:30:04,440 --> 00:30:09,240 we will be looking for a buy model to unfold, or is a swing low
173 00:30:09,390 --> 00:30:19,800 of any importance it's unfolded, where we now look for bearish markets moves on sell model to unfold. Okay, what price swing? Are we trading? Is it a long term
174 00:30:19,800 --> 00:30:27,540 price swing? Is it in return swing? Or is the short term swing? Okay, these are things that you have to discern that are really built upon the type of trade
175 00:30:27,540 --> 00:30:38,790 that you're going to be hunting. What are large funds doing? And where is the order flow suggesting prices trading up or down? Basically, it's like market
176 00:30:38,790 --> 00:30:51,120 structure or order flow where if we take out specific highs and lows, again, in conjunction with market structure as a whole, if we see flows are bullish, okay,
177 00:30:51,360 --> 00:31:01,740 we need to be starting to look for our tools that suggest and support the notion that the higher prices are in order. And vice versa for selling scenarios.
178 00:31:03,990 --> 00:31:12,300 overlaying the nine exponential moving average and 18 exponential moving average, okay for the buy and sell models is very useful for directional bias.
179 00:31:12,360 --> 00:31:18,900 It's one of the reoccurring themes I get an email all the time, you know, how do I know if the markets gonna go up? I don't know if it's gonna go down? Well,
180 00:31:18,900 --> 00:31:28,590 first, I'll tell you now like I tell everybody in email, I don't know for certain it's always going to be up or down. I just have a odds of knowing over a
181 00:31:28,590 --> 00:31:39,750 period of time, more often right than I'm wrong in terms of directional premise.  And that's all you need in trading. But to mathematically define how you as a
182 00:31:39,750 --> 00:31:50,130 neophyte trader can classically determine a bullish or bearish market, okay, just by looking at a nine and 18 will give you a very, very good tool for
183 00:31:50,130 --> 00:32:00,090 looking for weekly setups. When a nine exponential moving average is greater than the exponential moving average, that means the nine is above the 18. We
184 00:32:00,090 --> 00:32:10,320 look to focus simply on taking long trades, okay, we're only trying to buy that market when the nine exponential moving average is less than the 18 exponential
185 00:32:10,320 --> 00:32:24,600 moving average, or in other words, the nine is below the 18. We focus on shorts only. Okay, we highlight key swing lows and swing highs. Now by having that we,
186 00:32:25,350 --> 00:32:36,780 we have to note the high the low to open the closed on each of the three bars that comprise a swing high and swing low, because those specific levels are
187 00:32:36,780 --> 00:32:50,850 gonna be very, very sensitive. Now, if you spend a lot of time looking at price charts, okay, on a daily chart, do some exercises okay to further build your
188 00:32:50,850 --> 00:32:59,370 understanding of how the high low open and closed prices are sensitive. Because when price goes back to those levels eventually, at a later time, you'll see
189 00:32:59,370 --> 00:33:11,790 many times that that's exactly where price patterns will form. And they'll happen to occur during an ICT Killzone identify major reaction levels where
190 00:33:11,790 --> 00:33:19,740 price obviously in strongly moves away from particular level. Okay, that's the footprint we're looking for when we see that we know when we have institutional
191 00:33:19,740 --> 00:33:31,200 sponsorship. So we have the first pullback, that's what we buy, or if it's declined the first rally up, okay, that's when we look to sell into highlight
192 00:33:31,200 --> 00:33:40,020 potential order blocks where price will possibly react in similar fashion. Now, I'm not going to revisit order blocks because I did it exhaustively in this
193 00:33:40,020 --> 00:33:50,250 series. So if you understand that concept of how I determine where institutional order blocks are, you'll know what I mean by this, okay, and I'm going to take a
194 00:33:50,250 --> 00:33:57,690 moment here to amplify what we're doing because this may look like an oversimplification so far in this video, but I really want you to understand
195 00:33:58,320 --> 00:34:08,670 there was a whole lot of information delivered to you over seven individual videos. I'm not going to build up each pick each piece of this with examples
196 00:34:08,670 --> 00:34:17,040 because you already have that understanding in the video itself. So you have to take that information and build it upon this checklist okay and amplify your
197 00:34:17,040 --> 00:34:27,840 understanding of what's necessary. Now all levels and order blocks are carried over to the lower four hour and 16 minutes and lesser timeframes.
198 00:34:34,110 --> 00:34:45,750 Okay, what analysis and processes used on the study of the four hour chart now the intermediate view on large funds and order flows it's the ICT four hour
199 00:34:45,750 --> 00:34:55,500 chart, timeframe checklist. Okay, now the daily analysis is kept in focus here.  Okay, simply because we're down on a four hour chart does not mean we simply
200 00:34:55,500 --> 00:35:05,850 toss away the analysis and the premise that's arrived at Looking at the daily chart, now we hold on to this bias, okay derived on the daily chart as our
201 00:35:05,850 --> 00:35:19,530 foundational basis for trade ideas. While the daily analysis is any buy model, we look for key support levels to stock setups on. And conversely, while the
202 00:35:19,530 --> 00:35:30,480 daily analysis is in a sell mode, we'd look for key resistance levels to stock setups on majority of stop orders are discernible on this timeframe. Look for
203 00:35:30,480 --> 00:35:38,730 rating candidates, because they're going to provide you liquidity and where there's liquidity pools, there's going to be very discernible clear highs and
204 00:35:38,730 --> 00:35:50,160 lows that if taken out, it would still keep the overall price structure. You either bullish or bearish. But you got to ask yourself always, you know, where's
205 00:35:50,160 --> 00:35:59,190 the guys that are profiting right now? Where are they placing their stop loss order, because before the next significant price move happens? invariably that
206 00:35:59,190 --> 00:36:12,630 levels rated and tested and then quickly seeing price reject and go the other way. Define for our order flow and coupled this with market structure. What do I
207 00:36:12,630 --> 00:36:24,030 mean by that? Okay, well, we look at the four hour trend. Okay, we look at key highs and lows, if a specific short term high is taken out on a four hour chart,
208 00:36:24,660 --> 00:36:34,890 once that's taken out, our order flow market flow is changed to bullish. Okay.  And we're gonna be looking for that to be in alignment with the higher timeframe
209 00:36:34,890 --> 00:36:43,920 daily. Ideally, the same thing would be seen on the daily chart. In other words, if we have a short term high, taken out on the daily chart, or flows down
210 00:36:43,920 --> 00:36:53,490 bullish. So if you're looking at the four hour timeframe, when the four hour market flow and order flow changes to bullishness, we have both in agreement.
211 00:36:53,670 --> 00:37:03,240 Okay. That's simply not enough. You have to have that coupled with market structure. Are we having a entering a term, a long term or short term low or
212 00:37:03,240 --> 00:37:11,730 high forming? And where are we at in terms of price swings, okay, by blending all those components together, okay, you'll find that you're buying at support
213 00:37:11,880 --> 00:37:23,280 when the daily trend or bias is up. And conversely, the same thing can be said in reverse, when it for our order flow is coupled with the market structure,
214 00:37:23,490 --> 00:37:36,510 okay, you're gonna be selling resistance when the daily is down. Look for reaction levels within the daily directional premise or bias. That means your
215 00:37:36,510 --> 00:37:47,670 four hour chart is going to see quick sudden rallies or declines. Okay. Ideally, those moves will be in the same direction that you have arrived at for a bias on
216 00:37:47,670 --> 00:37:57,150 your daily chart. If it's not, you don't trade it. That's not your trade. Okay, so we're filtering out a specific side of the marketplace that we want to be
217 00:37:58,680 --> 00:38:05,640 executing our trades on. Yes, you're going to miss trades. I'm promising you that you're going to miss trades. I'm promising you that you're going to miss
218 00:38:05,640 --> 00:38:15,690 explosive dynamic moves that are counter trend, who cares? You want to be consistently taking one solid setup per week profiting moving to the sidelines
219 00:38:15,720 --> 00:38:27,210 and waiting for the next setup. waterblocks can be fine tuned on this period, and more precise levels at or near institutional levels. So in other words, by
220 00:38:27,210 --> 00:38:40,140 taking your your 80s, your 20s, your 50s and your four figures, those levels will be very close if many, if not many times the preseason levels that you will
221 00:38:40,140 --> 00:38:51,090 see these formations and price patterns take place. If in doubt on the daily chart, the four hour chart can be used as the guiding light on directional bias
222 00:38:53,520 --> 00:39:00,420 all for our analysis is carried out and over two to 60 minute chart and or lower timeframes.
223 00:39:07,140 --> 00:39:18,120 What analysis and processes used on the study of the 60 minute chart. Now this is the short term view one large funds and order flows. The ICT 60 minute chart
224 00:39:18,120 --> 00:39:29,310 timeframe checklist is as follows. The Daily analysis is still kept in focus here. And again, we are still holding on to this as our basis and foundational
225 00:39:29,730 --> 00:39:43,470 basis for trade ideas. Daily analysis could be mixed, so consult for our perspective if that's the case. Ideally, daily and four hour should agree. The
226 00:39:43,470 --> 00:39:54,630 order blocks on both daily and four hour will produce the highest probability setups, so it's important that you focus there first. The reaction levels seen
227 00:39:54,660 --> 00:40:06,030 on the 60 minute chart will permit fine tune entry with the realization of order blocks and those auto blacks will be selected. Based on the same premise that
228 00:40:06,030 --> 00:40:17,520 you find on the four hour and daily, a sudden quick advancement price or declining price, then it returned to the point of origin. Viewing the weekly
229 00:40:17,520 --> 00:40:31,650 perspective on a 60 minute basis will provide a good vantage point for swings.  Now, when you're looking at a weekly section of price action, okay, it's very
230 00:40:31,650 --> 00:40:42,990 easily studied with a 60 minute time frame. If not a 60 minute, a 15 minute is is as good as any. But for now, sticking to the three hour time frame, if you
231 00:40:42,990 --> 00:40:53,910 look at your weekly basis, overall perspective rather, on price action on the words, looking at two to three weeks worth of data, one on one hour chart is is
232 00:40:53,910 --> 00:41:03,240 ideal gives you a good vantage point for understanding where prices are swinging and retracing back into where you can find what range you're trading within.
233 00:41:05,850 --> 00:41:15,840 Look for logical levels where retail traders and funds would possibly have their stops resting near again, looking for possible liquidity pools before the next
234 00:41:15,840 --> 00:41:27,510 significant price advancement or decline. Use market structure concepts and fibs to stop possible consequences where setups will form. Again, you're down to your
235 00:41:27,510 --> 00:41:41,940 lower of the three higher timeframe perspectives. By utilizing your fibs on this particular price chart will give you very dynamic risk reward ratios Okay, your
236 00:41:41,940 --> 00:41:50,850 risk will be very low many times ideally you want to be hunting 123 risk reward Okay, so don't worry Jeremy hoping to make it as much as three times what you're
237 00:41:50,850 --> 00:42:03,030 risking the day of the week theory is a rough idea where the weekly high or low is likely to form. So by implementing that idea with studying the 60 minute
238 00:42:03,030 --> 00:42:14,850 chart with two to three week vantage point, in terms of how much data you have on your chart. That'll give you a very good basis to work within. If we are
239 00:42:14,850 --> 00:42:26,520 bullish and hunting a weekly long setup, typically Monday to Wednesday, typically the weekly low is established. If we are bearish and hunting and
240 00:42:26,520 --> 00:42:37,920 weekly short set up Monday to Wednesday, typically the weekly high is established. We are not looking to trade every day. We're looking for one solid
241 00:42:37,920 --> 00:42:50,400 setup per week, consistently, that should be your goal. You can trade intraday day trades. In the same directional premise it's we've arrived at on the daily
242 00:42:50,460 --> 00:43:02,550 and four hour do not use the 60 minute without at least referring to the four hour and ideally with the daily as well. Okay, but if you are a day trader and
243 00:43:02,550 --> 00:43:13,260 you're using this course of understanding and price action as your beginning point or foundational study, and you simply want to be a day trader and aren't
244 00:43:13,290 --> 00:43:22,830 limiting yourself to just taking one setup per week. If you're trading in the directional premise that's arrived at by using these concepts you can still do
245 00:43:23,280 --> 00:43:36,210 your day trading but still focusing on that one side of the marketplace either being a buyer or seller based on Dalian for our all daily and four hour and 60
246 00:43:36,210 --> 00:43:40,890 minute analysis is carried over to the 15 and or five minute timeframes.
247 00:43:47,610 --> 00:43:59,340 Okay what analysis and processes used to study of the 15 and five minute chart Okay, this is the execution view on large funds and order flows. And the ICT, 15
248 00:43:59,370 --> 00:44:10,080 or fifth I'm sorry, 15 or five minute chart, timeframe checklist. The Daily four hour and 60 minute perspective is maintained even while studying price action on
249 00:44:10,080 --> 00:44:20,760 the lower timeframe. 15 or five minute charts have the days separated with vertical lines to highlight possible day of the week theory. Again, if we're
250 00:44:20,760 --> 00:44:29,280 looking for the weekly, higher low to form, it's going to generally happen between Monday, Tuesday or Wednesday. And there's more detail as to when it's
251 00:44:29,280 --> 00:44:38,280 more specifically expected to happen in the video series if you go through the material. But for now, we can generalize it by saying Monday to Wednesday, the
252 00:44:38,280 --> 00:44:52,740 weekly higher low was formed so that way you can trade the rest of the week in that directional bias. Note the Asian range high and lo each day. Five GMT is
253 00:44:52,740 --> 00:45:02,880 the end of the Asian range parameter. So what happens after five GMT which is essentially 12 midnight New York time My time. That's where I classify the new
254 00:45:02,880 --> 00:45:12,600 day. Now, one could argue again, like I mentioned in the video course, that the new day starts in Wellington. And I'll leave that up to you to decide. But for
255 00:45:12,600 --> 00:45:23,490 now, if you want to look at the market the way I'm looking at the market, I considered midnight the new day. And what happens after that price point is many
256 00:45:23,490 --> 00:45:38,040 times, many more valuable in terms of what takes place prior to that. Look for the daily highs to form in cell models between seven GMT and 10 GMT. This is
257 00:45:38,040 --> 00:45:49,500 typically the London session, London and variably has a high probable likelihood if you will, of forming the daily candles high or low. Okay, and if we
258 00:45:49,500 --> 00:46:00,690 formulated the trading bias to be bearish, okay, we could be hunting the daily candles high to form between a specific time window and generally that's seven
259 00:46:00,960 --> 00:46:14,880 GMT to 10 GMT or the London session. And conversely, if you look at the daily lows, you could find them forming in by models between seven GMT and 10 GMT.
260 00:46:16,920 --> 00:46:27,990 Now, typically, the daily high or low is formed on a sharp counter trend direction on that day. In other words, it's the Judas swing. It's a false move
261 00:46:27,990 --> 00:46:41,040 initially to fake everyone out and then quickly rejects and goes the other way.  Go we stock the setups by combining time and price theory, we hunt inside time
262 00:46:41,040 --> 00:46:56,700 windows and within large order blocks found on the 60 minute, four hour and daily timeframes opposite daily high or low is formed inside the 15 GMT to 16
263 00:46:56,700 --> 00:47:07,230 GMT ours, London close. What am I mean by that that means that if the high is formed in London, the low on the candle for that day is generally made during
264 00:47:07,230 --> 00:47:23,220 the 1500 GMT to 1600 GMT if the the reverse is made in London, okay, the opposite spectrum of the daily candle range higher low is formed obviously,
265 00:47:23,370 --> 00:47:32,280 during London close so I guess one could easily say it that the higher lows formed in London open and during London close the higher lows formed.
266 00:47:32,820 --> 00:47:33,570 Conversely,
267 00:47:41,160 --> 00:47:50,070 when time and price theory overlap trading patterns will form and that could be in the form of an optimal trade entry, harmonic pattern trading patterns and
268 00:47:50,070 --> 00:47:58,590 even simple divergence. Okay, so having this on this understanding will facilitate a whole nother level of trading for you. And that way you can
269 00:47:58,590 --> 00:48:09,630 identify a very, very high probability low risk trade scenarios where price action alone as the catalyst is already predisposed to move in that direction.
270 00:48:11,370 --> 00:48:22,860 Use fibs and swing projections to determine possible price objectives to form risk reward ratios. Use fibs to fine tune entry points inside order blocks with
271 00:48:22,860 --> 00:48:34,650 London and New York. ICT kill zones. If the London setup is missed, or you were incorrect and stopped out, you can use 12 GMT, the 14 GMT do New York open
272 00:48:34,650 --> 00:48:45,420 session. Now most of the time New York open is a continuation set up on the heels of what London's action already placed in. So in other words, if London
273 00:48:45,420 --> 00:48:54,930 posted the daily high and it's been going lower, many times the New York open session will be a retracement within the range formed for the daily candle at
274 00:48:54,930 --> 00:49:06,060 that point from the high may in London to now continuation going into the London close off completing the daily candles, price action. Now you want to avoid the
275 00:49:06,060 --> 00:49:22,110 New York open setups. If daily swings are maturing into key support resistance.  New York open could produce reversals all trades should be limited to 1% risk of
276 00:49:22,110 --> 00:49:34,530 total account balance ideally while learning point two five and always one quarter of 1% to one half of 1% risk should be the beginning traders parameters
277 00:49:34,560 --> 00:49:45,870 for maximum risk exposure. And as you get more consistent, obviously you can move towards 1% risk. But I would certainly advise you not to go above 2% even
278 00:49:45,870 --> 00:49:59,400 though it's commonly driven down our throats that 2% is the industry standard.  Most professionals do not trade with 2%. If a loss is taken reduce risk and
279 00:49:59,400 --> 00:50:07,830 leverage in Half until the loss is recouped. It's slow and steady. That's what wins the race. Okay, so even though one could argue it's going to take you
280 00:50:07,860 --> 00:50:17,130 longer to recoup the loss if you have less risk exposure, but I'm going to count you to go back to how we are looking at trades. If we're looking for trades that
281 00:50:17,130 --> 00:50:28,770 have three to one payout numbers we're making as many times three or more times what we risk, it doesn't take very long to recoup the loss. Okay. So
282 00:50:28,800 --> 00:50:37,800 theoretically, one could argue the thought process of that it's going to take you longer, that doesn't hold water, okay. And if you put it to, if you put
283 00:50:37,800 --> 00:50:47,460 these concepts to task, you'll see what I mean. It's it's so much more understood, obviously, by applying it and seeing it in action even in a demo
284 00:50:47,460 --> 00:50:56,850 account setting, which is what I advise you to do anyway. Do not rush the patterns, wait for the setups and the time of day for the highest possible odds.
285 00:50:57,390 --> 00:51:07,560 Do not feel rushed. You don't need to rush simply because you have time that be sitting in from computers does not equate to profitable trading. So it's really
286 00:51:07,560 --> 00:51:20,640 important to hammer that in your head. Focus on 16 minute reaction levels for ideal risk reward ratios again, many times 123 or better. In other words, you
287 00:51:20,640 --> 00:51:33,000 want at least three times what you hope to absorb as a not hope to but if you're willing to take a loss in other words, if you take a loss of 20 pips, okay,
288 00:51:33,300 --> 00:51:44,040 you're looking for ideal trades, at least 60 pips or more. Okay, so the setup that you're trading to the parameters that outline that trade idea, the risk is
289 00:51:44,040 --> 00:51:53,940 defined to 20 pips, ideally you want 60 pips or more in terms of profit potential, okay. So if you stay in that realm, you'll you'll be very, very
290 00:51:54,000 --> 00:52:06,540 effective in terms of long term trading, you only need to be about 70% of the time, you know, to be wildly profitable, wildly profitable. But if you trade
291 00:52:06,540 --> 00:52:17,670 with three to one, you can be far less accurate in terms of your trading, and still be profitable. And that's really where you want to start as a trader. If
292 00:52:17,670 --> 00:52:27,120 you have no foundation in the daily or four hour timeframes, you have absolutely zero reason to be this late this stage of analysis. Don't even look at a 15
293 00:52:27,120 --> 00:52:33,450 minute timeframe. Don't look at a five minute chart, because what you're going to do is you're going to talk yourself into a trade that may or may not have its
294 00:52:33,450 --> 00:52:38,370 foundation or premise built upon the higher timeframe daily and four hour and one hour charts.
295 00:52:40,560 --> 00:52:52,320 Stay patient and stay focused results will manifest and absolutely surprise you.  Now, hopefully, this course has been insightful to you. And it's been crammed
296 00:52:52,320 --> 00:53:06,240 with a lot of price action analysis concepts that are unique to me. But there are many in the world of naysayers, okay, they have watched some of my material
297 00:53:06,240 --> 00:53:15,540 or if not all of my material and walked away thinking, well, he has too many moving parts, okay. And there's too many things for his concepts to be
298 00:53:15,540 --> 00:53:28,320 applicable. And again, I'm revisiting that because I want you to close with the premise in mind that think about the concept of riding a bike. Okay? When you're
299 00:53:28,320 --> 00:53:36,120 a child, you watch someone, maybe it was your older brother or sister riding the bicycle. Okay, you aspired to do that very thing. And perhaps that person that
300 00:53:36,120 --> 00:53:45,810 you were aspiring to ride, like a kid was able to do a wheelie No, or take a ride on his rear rear wheel. Okay, or when I was growing up, we were like to the
301 00:53:45,810 --> 00:53:58,440 years of BMX, bicycling, and Chick, chick riding, where you could sit on the handlebars and ride backwards on a bike, and that's advanced level riding, okay?
302 00:53:58,950 --> 00:54:10,980 You can't do the things that those types of riders, okay, perform until you get past the training wheels. But before you even get to a training loss, you got to
303 00:54:10,980 --> 00:54:21,360 be able to get on the bike and mount yourself and stay on it before you can even start pedaling their stages of development. Okay. Now, obviously, if you were to
304 00:54:21,360 --> 00:54:33,450 break down each component from the grandest scale of being proficient at riding a bicycle, to the minute detail of simply beginning the origin of aspiring to
305 00:54:33,450 --> 00:54:46,860 want to ride the bicycle, okay? Anything and everything could be made very daunting, with a measurable level of explanation. But this in terms of trading
306 00:54:46,860 --> 00:54:59,280 and speculation is so dangerous to a trader with no real understanding. It's important that you have as much understanding general knowledge before you put
307 00:54:59,310 --> 00:55:08,700 your money at risk. risk, okay. And I think if you studied this information, and you had traded prior to understanding these things, you would feel a little
308 00:55:08,700 --> 00:55:17,820 foolish on your part that you, you're probably questioning why you were trading before you understood these types of things. And that's good that you identify
309 00:55:17,820 --> 00:55:30,780 that. But my main point here is, while it takes a large amount of time and effort on my part and yours, to discern the general approach and concepts and
310 00:55:30,780 --> 00:55:43,080 core tenants to how I view and analysis, they, overall summary of these things, okay, are very condensed. And even this summary here, once you understand
311 00:55:43,080 --> 00:55:54,840 specifically what it is, it's expected of you, as a trader, you could take this entire summary and place it in a form of simple text that will fit on a business
312 00:55:54,840 --> 00:56:07,110 card. Okay. Basically, this is a summarized view of what it is that you should have gleaned from this course. But ultimately, it's this. If the daily chart
313 00:56:07,110 --> 00:56:17,820 suggests it's going to go up, and the four hour is in agreement that it's going to go up, use the one hour chart to set up a time frame setup that allows at
314 00:56:17,820 --> 00:56:28,290 least three to one risk reward. Okay, so to summarize, that would be simply this, look at an hourly chart. By when the daily and four hour suggests it's,
315 00:56:28,650 --> 00:56:39,930 it's likely to go higher. Use your fibs for for optimal trade entry pattern, where it overlaps with the order block, use a previous high as your first
316 00:56:39,930 --> 00:56:50,790 objective to exit with profit, and then use Fibonacci extensions to take your additional profits look to be buying on a Monday, Tuesday or Wednesday when it's
317 00:56:50,790 --> 00:57:05,100 bullish, okay. And diverse reverses said for sells. You time your entries during London in New York risk only 1% or one quarter percent or one half percent based
318 00:57:05,100 --> 00:57:13,740 on your understanding words, it's either, if you're brand new at this, it's one quarter of 1%. Even in a demo account, don't think just because it's not real
319 00:57:13,740 --> 00:57:22,470 money, you know, you're not going to you know, learn anything, you're gonna learn a whole lot, or as much as half of 1%. But certainly no more than 1%.
320 00:57:22,500 --> 00:57:31,440 Because it's important that you develop the idea of growing your money steadily, but not exponentially quick. Okay, that can come at a later time when you
321 00:57:31,440 --> 00:57:40,410 understand a lot more about yourself as a trader, not in the beginning. Okay. So simply having the understanding of all the things that we've talked about here,
322 00:57:41,010 --> 00:57:51,330 okay, incorporating that into a process. By doing that systematically over and over and over again, it will become in ingrained in your memory, it'll be a
323 00:57:51,330 --> 00:58:02,130 process of simply just doing it and not thinking about it. But collectively, if you understand everything that was talked about and conceptually broken down,
324 00:58:02,640 --> 00:58:12,720 the understanding of actually doing those very things, the procedure can be really condensed to a business card, amount of space in terms of identifying,
325 00:58:12,990 --> 00:58:21,630 but if you were to take that business card and hand it to someone that has no understanding or general understanding of how the markets operate, that business
326 00:58:21,630 --> 00:58:30,480 card is the same thing I said, when I initially came out on baby pips, and said that I could put this information on the front of USA Today, and it would go
327 00:58:30,480 --> 00:58:39,990 largely ignored, because it would go right over everyone's head. So that's why I forced you number one with six months of study time. I forced you to have
328 00:58:39,990 --> 00:58:49,080 exercises modularly. And now with this, even though if someone's just looking at this video module, they're thinking this is ridiculous, this is useless. That's
329 00:58:49,080 --> 00:58:57,780 precisely my point. You got to go back through the videos, take those pieces of information to arrive at this summary. And when you formulate it in this form
330 00:58:57,780 --> 00:59:07,080 here when you understand each component, you have absolutely the ICT million dollar trading plan. And with that, guys, I wish you good luck and good trading