Shadowing Practice: 2022 ICT Mentorship Episode 2 - Learn English Speaking with Video

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all right folks well we're here

so technically this is the first teaching I gave you guys an introduction video obviously

if you haven't watched that one yet go to the playlist on my youtube channel

and please watch that one because it'll help at least establish the, in my opinion, the proper expectations.

That way you understand what you're getting involved with here.

And at least it gives me a chance to kind of like break the ice

and show you the contrast of what you may be expecting versus what I intend to deliver.

All right, so this first installment is going to be Elements to a Trade Setup.

all right so

coming out of the gate i just want you to know

that this is predominantly going to be a futures index trading

mentorship okay the idea is going to be presented in the scope of paper trading on tradingview .com

but what you're looking at here this is thinkorswim's live data

These are actual executions I made today, and I want you to compare and contrast with what you see on YouTube and other educators,

where they'll tell that they can do this and they can do that.

But really, I want you to compare and contrast what you see here.

All right, so we're looking at intraday price action for NASDAQ e -mini futures.

And this is actually the main focus of this mentorship.

I believe that this market is worth studying.

I believe it is not just limited to NASDAQ,

but I believe it's useful to learn as a trader that views, obviously, the E -mini S &P,

the E -mini

Dow Future, and the E -mini NASDAQ.

Now, the E -mini NASDAQ is a little bit faster, a little bit more aggressive.

and even with that you can still trade it.

So I want you to think about what it means to watch price action

and understand what it's likely to do before it does it.

Now I'm not promising you're going to be able to do that right out of the gate.

What I'm going to show you is

the compare

and contrast to how I can trade versus what I'm promising to teach

you in this mentorship how to find specific setups in your demo account okay

or your paper trading account I'm not trying to entice you to trade with live funds okay

so we would know

this going in the teachings will be predominantly through the scope of tradingview .com's paper trading module

or just hindsight data now I already know some of you are oh here

we go the hindsight guy well what you're looking at here is actually live executions from today.

Okay.

And I want you to think about

if you were able to trade a micro account and you were trading the NASDAQ and you were able to capture

just one of these moves, which one would you like to learn how to find?

Obviously you'd probably look at this and think, well, I'd like to do all of them.

But I want you to think about

which one really stands out off the entire chart and this is a one minute chart which one really stands out

i'll give you a moment you can pause the video and unpause it when you're ready

some of you folks never ever pause it all right

so obviously we can see how the market moves from here okay two orders executed here whenever

you see this this is actually a reversal so

if there is a trade on long it'll reverse

and take you the other direction okay

and then this one here this is a reversal as well then another close and then another long

entry the exit a short entry

and then the cover okay i'd like for you to consider what it would take for you to find consistency

and how many handles how many full handle moves in an index futures contract

that would satisfy you

when I say a handle that's essentially four ticks the minimum fluctuation in these markets an example would be

if you were trading the e -mini S &P and you were trading obviously the fourth

4 -5 -0 level and you went long, if it went to 4 -4 -5 -1, that's a full handle, okay,

or four ticks, or four times $12 .50 or $50 per handle.

The NASDAQ is $20 per handle.

So it's slightly different, but it's faster.

It moves a lot more.

A lot more handles, a lot more aggression.

Now, it doesn't always move faster.

Sometimes we'll have a lethargic price action in this indice or another out of the three.

That would be the S &P, the NASDAQ, and the Dow.

I personally don't trade the Dow that much, but there's a lot of my students that love trading the YM.

But YM is the symbol for the futures contract.

And these three markets have the luxury for you

that may not have the capability to put up to like $17 ,000 margin

if you were going to trade one full contract of the NASDAQ futures.

Most brokers, unless you're using a discount broker, they're going to require you to have deep pockets and cents

that you're going to have that about $17 ,000 and about $12 ,500 for an e -mini S &P full futures contract.

Okay.

You take basically a fraction of that and you can trade a micro on each one of these markets,

but obviously it reduces the number of the tick multiplier because you're trading with a lot less technically leverage.

so I'm gonna get into all that

but I just kind of like want to begin the conversation informally

but also just kind of like show you what it is that I do versus what other people do okay so

I'm not trying to you know point my finger at anyone in particular

but if you look around on YouTube there are people out there

that try to make a big stink about themselves and they'll try to show results that may or may not be real.

I'm not here to disparage that.

They could be actually trading a live account.

I don't personally care, but anyone that trades on Thinkorswim, they can recognize this chart right away.

I posted a results and updated reflection on the Thinkorswim or TD Ameritrade account, and it's on my community tab.

I promise I won't beat you up too much with the community tab

but that's my way of reaching out to you so

if you subscribe to the channel and then

when you subscribe to the channel you want to toggle all notifications you want click

that little I think it's like a bell icon

and in all notifications

that way anytime I post in my community tab it'll let you know otherwise it won't let you know

so it's it's my replacement to Twitter which in my opinion sucks

so if we look at the ebb

and flow of all this here where the markets trading up

and between here

and here it's not a small number of handles

it's a pretty respectful amount of handles it's not a couple with some handful

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and then up here it's a reversal and it comes back down

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and I buy it back here in reverse so I'm selling short here

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and I'm buying long here 740 to 720

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that's 20 handles going long here at 720 I'm abbreviating the number just for the brevity sake getting out at 732,

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12 handles.

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Then going along here, 756, and then getting out at 784 .5,

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then going short at 798, and covering at 675.

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So I'll ask you, which one of these trades do you think is the one that you want to learn?

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Again, putting all aside the idea that you probably want to do all of these

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but i'm not promising you

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that okay i'm going to take you into how to find

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this setup here notice the number of handles i'm not promising you're gonna get this many handles

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but the setups

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and the logic behind

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it will help you find these types of frameworks framework is the foundation to a trading model

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so you have to have an understanding what is you're looking for

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And that's really the only thing

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I'm introducing tonight is the idea of what it is I'm promising to educate you with

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so that way you can go in and find these setups on your own.

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You will not need to be a slave to some kind of black box system.

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You don't need to be a part of some kind of signal generating gimmick.

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You don't need to be a part of a signal service.

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You can find these on your own.

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independent.

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That's exactly what I'm trying to frame in all of my students.

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I do that with my mentorship students that paid me for education.

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Now, here you are in my YouTube channel.

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I'm telling you the same thing.

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I'm teaching independence.

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That way you're not requiring any handholding by me.

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Once you understand the rules and you go through the processes and things I'm going to teach you how to practice with,

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you will not need anything except for the chart itself.

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That's it.

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And that's how, in my opinion, and you can argue with this if you want, but I could care less if you could,

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any of you would challenge the idea that independent thinking is not the best way of doing it.

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You want to be able to be unshackled.

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Okay.

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And if you're part of a signal service or

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if you're part of a approach that requires you to use a black box system, you're kind of held captive, aren't you? So

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if you look at this this chart is clean except for these little bubbles actually show you the transactions

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you don't really get any kind of well distortion from your

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reading of price action I don't have a lot of graffiti on the chart okay

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but the main takeaway here is I want you to understand

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that I don't hunt for three of five handles and consider that legendary.

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Okay.

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Now, can you be profitable if you take high frequency trades and you do those types of trades?

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Absolutely.

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That's what I'll go to do.

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Algorithms do that.

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But I'm trying to show you by contrast that there is a way

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that you can find setups that are outside that parameter of very small little handles and doing lots of contracts.

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So if you're looking at this here and

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if it was say you're trading

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and you're trading a Nasdaq micro account

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you're not making a lot of money on these swings okay

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I'm not making a lot of money on these swings

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but I'm able to find these swings

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and it's not these small little increments okay I'm gonna teach you skill sets

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that focus primarily on this okay you want to find a nice price leg intraday

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I'm not promising you how to buy sell short buy sell short buy sell short

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that's that's mine okay I'm not teaching that

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and I know somebody oh you're a jerk you're this you're

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that whatever I didn't promise

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that that's why I set the stage in the first introduction video

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so that way we know what it is I'm teaching you

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if any one of you here don't want to learn how to take

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this type of trade you're welcome to not continue

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and turn this video off and go watch whoever okay

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but I think if you give it a chance you'll find some amazing things that bring clarity to reading price action.

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All right, so we're looking at the NASDAQ Futures March delivery contract, and this is a TradingView chart.

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And if you've never used tradingview .com, the way you would pull this symbol up is NQH2022, okay?

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And this is a weekly chart.

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And I want you to think about each week before the new trading week begins, preferably on the weekend.

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The idea is you want to try to get a read on what you think

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that next weekly candle is going to do.

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Is it going to go higher or is it going to go lower?

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You're not trying to predict the close of the weekly candle.

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That's important.

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You just want to see before this weekly candle opened up, all we had was this indecisive candle.

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Do you think that this candle that would have formed and opened here is more likely to go higher or lower?

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Obviously, with the benefit of hindsight here, but I can tell you, all of my students know we've been looking for lower prices.

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And I'll just give you a quick short list as the reasons why.

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Number one, seasonality.

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Okay, seasonal tendencies, it tends to go down around this time anyway.

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We also have discussions about how the Fed's going to raise interest rates stock market does not like

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that we're also in earnings season there's a lot of volatility

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because of earnings and those factors plus the underlying tone of the marketplace

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which i'll show you when we get into the daily chart it just well it's heavy

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and this is where it was going to draw to okay did i expect

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this entire range to be delivered in one week no that's not important

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The point is I'm expecting the weekly candle to expand on the lower end or go down and gravitate towards this low,

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which it hasn't broken yet, but I think that's what we're probably going to aim for on Sunday's opening going into Monday's trading.

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So that's where I think it's drawing to.

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And that's the component I want you to focus on with your analysis.

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What is the market likely to draw to?

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When I say draw to, think of it as price.

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being a paper clip okay and then you you have this magnetic impulse

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that specific price levels

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and seasonality okay will put on price it'll cause price to gravitate towards certain levels

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and the measure of speed

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and magnitude did it moves to get to these levels you learn

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that over experience that's not something I can transfer it's something you have to practice

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and see and study and you get a rhythm for it.

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Every educator knows what I mean by that

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and every student that's been trained successfully by any other educator will not understand exactly what I mean by that.

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You just get a feel for it.

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It's experience.

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There's no way of defining outside of that.

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In the early stages of your development, you want to at least try to focus your attention on where that weekly candle is going to do.

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Now, here's the thing.

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It may start the first half of the week or maybe just one day expand lower.

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And if you get a setup in that, that's it you're done.

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That's how you start working towards consistency.

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No student ever should try to trade every single session, every single day, because the only thing you're doing is building an expectation

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that you're going to be able to do this every single day profitably.

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And then if you do get a run of profitability, as soon as you get a losing trade, it's going to blow your mind.

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And you're going to want to correct it quickly.

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And you're going to start making irrational decisions and then you enter

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that loser cycle I've talked about many times in the YouTube channel.

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So the only thing you're looking for is a likely movement higher or lower based on the weekly candle.

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Okay, that's all you're doing.

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That sets your initial bias for the week.

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On the daily chart, you're looking for swing highs and swing lows to get your liquidity.

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and majority of your trading and the draw on liquidity, what makes the market go higher or lower, it's predominantly found on this timeframe.

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Okay.

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So majority of your analysis should really be linked to this timeframe right here.

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You have to have an assumption whether you're going to be expecting that weekly candle to expand higher or lower.

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That's your weekly bias.

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But then you have to go into the daily chart

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and figure out basically where you are in the grand scheme of things on that weekly range expanding higher or lower.

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Because we're looking for lower prices and we're looking for weakness, the expectation is we want to see every short -term low,

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like this would be a short -term low, this would be a short -term low, and underneath those lows is going to be sell stops.

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Okay, that's liquidity.

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When I say learn to start looking for where the market's going to draw to, it's drawing to one of two things, okay?

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It's drawing to stops which is liquidity or it's running to an imbalance now what's that mean

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above old highs buy stops below old lows sell stops imbalances is something like this over here

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we have one single candle pass higher and the previous candles high is here

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and the next candle is low is here

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so it only went up one candle nothing moved down the overlap with that same delivery on that price candle there.

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So in other words, that's an imbalance.

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It's only going higher and nothing else is here to offset that and efficiently deliver price on the opposite end.

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Now, you've probably heard of the theory, auction theory.

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And folks hear me try to communicate some of these things and they'll run away with, oh, he's just talking about auction theory.

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And it's not.

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Just like when they see me do a rectangle or a box on a chart.

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And you'll see one in this video it's not supplying demand okay it's just what it is you'll see it

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and you'll know right away after you've been with me for a couple weeks

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that this is entirely unique and there's nothing else like it

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and I'm certain majority of you're going to fall in love with this model

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so we're looking for lower prices we're looking for an expansion I'm using the benefit of hindsight

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but I can promise you again this was discussed we were looking for lower prices in my pay group

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and if I did not say that I had a lot of students

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that are making YouTube channels they are welcome to come out

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and say i'm a liar

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so we're looking at the daily chart

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we're going to drop down into the hourly chart okay

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now what i have here is a framework for looking at the weekly range on an hourly chart

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so all i did was beginning on midnight new york time monday's candle

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and then friday's close

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and in the beginning of friday's trading at midnight okay now what i'm delineating here is the fact

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that we had a nice sell -off on Thursday and the market went into consolidation overnight.

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Notice what happens here on Friday.

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This is that old low in the daily chart.

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That's what we're thinking and we're assuming that it's going to draw to because that daily chart, there's lots of liquidity and large fund traders,

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large institutional traders, institutional mindset investors will be looking at these old lows and old highs.

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and liquidity providers will be looking to take business in around these same levels.

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So if we know that this level down here is the old daily low,

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and again, let me take it back up to the chart on the daily chart.

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That's this low right here, okay?

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By dropping down into the hourly chart, that level is here.

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All I'm doing is transposing those daily levels right to this hourly chart.

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The entire week has been bearish.

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Okay, it's been going lower since the beginning.

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Then we had consolidation in here.

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The market creates this short -term high and this short -term low.

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What rests above that short -term high?

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If you've taken notes and been paying attention, it's buy stops.

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What's resting below this low here?

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Sell stops.

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Watch closely.

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The market trades down initially and takes out the sell stops.

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Why would it do that first?

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this is inducing shorts okay so it engineers liquidity even

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if the idea is that they want to take the market down to this level

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if it's been consolidating

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I like to see them do this type of move here where it drops down first

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it's kind of like a sucker play anybody has a sell stop below here

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they want to sell on weakness they're gonna get tripped into the marketplace

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So now they're triggered in short and then they start doing a run against those traders and

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Against those that were already short from this high.

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So what are they doing?

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The markets being driven higher and the algorithms are going to attack that by stock liquidity pool

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Why would they want to do that number one?

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It's going to punish those individuals here that went short

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When it drives it up above this high here it sends all those spy stops into

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market orders flooding the marketplace

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that gives a huge influx of willing buyers at a high price

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which is the perfect counterparty to smart money

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that wants to sell at a high price remember the market wants to go down here

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so when it drives up to here those buy stops are the counterparty

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or the other side of a smart money trader that's wanting to go short

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because they're gonna sell short they got to sell

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it to somebody wants to buy the high price

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that's why the market does this okay in your notes

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you want to record any time a significant price move lower

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is expected always anticipate some measure of a stop hunt on buy stops

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or short -term high being taken out obviously it's reversed

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when you're looking for higher prices generally you'll see a short -term low taken out

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and sell stops taken before you see a very pronounced rally higher.

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Don't take my word for it.

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Go through to your charts and you'll see it's actually occurring almost on a daily basis.

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So we're going to drop down into a 15 minute time frame.

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So that same old low level down here and

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that high I just mentioned on the hourly chart

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and the low on the hourly chart has now been defined with a small little line segment.

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Okay.

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So we have a trend line here

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and a trend line here that's the extent of a trend line

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that's it I only use them to highlight to my students these levels are not on my chart

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I'm watching a naked chart okay you

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while you're developing you should have these levels drawn out in your chart

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because it helps you build and ingrain the idea

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that this is where liquidity is it keeps you focused on

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that because it's easy to look at all these candles forming

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if you have the luxury of watching it in life and you can lose sight of where you are.

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I mean once you lose your bearings it's really confusing and this helps you keep those bearings in mind.

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And what do I mean by that?

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Well I mentioned how the market dropped down initially and that takes the sell stops out.

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So sell side liquidity has been attacked.

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Traders are now tripped in going short if they sold on a break trying to be a breakout artist.

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And then the algorithms go right back up to an area

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where it's been cleanly delivered relative equal highs see how this high here right before

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it dropped is basically the same high here notice that

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so retail traders see this and they trust it as what resistance

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so the books always say put your buy stop

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if you're gonna go short right above

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and clear level of resistance well these levels work for a short period of time

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but majority of the time you see this event right here

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and this is how I teach my students to go in

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and look for those types of events because what did I just tell you moments ago about looking for significant price moves

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Before there's a significant price move of any real magnitude or importance,

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generally there's going to be a stop hunt that takes place right before that price delivery occurs.

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So what does it look like?

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You have relative equal highs, this high and this high.

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The market goes up when we're what?

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We're expecting lower prices on that weekly chart.

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We're on the last day of the week.

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It's already been heavy.

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It's weak.

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And the only thing it's been doing is consolidate.

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And the first thing it did was broke out to the downside.

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Tripping what? traders in a breakout to go short.

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So now they have traders caught on the wrong side, offside, and now they want to take the market up here where

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those buy stops are going to be resting for those

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that were smart enough to sell short here or here and didn't get out below here.

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So the larger pool of liquidity is going to be resting here

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because it's in sync with the downtrend and everybody that was short the day before,

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they seen this high form and once it broke below this low here, they all rushed and trailed their stop loss right above that

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and I understand if you're new

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and you think well this is easy to explain in hindsight

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but I want to remind you go back

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and look at the first slide I showed you those were actual entries

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that's a live account through thinkorswim Charles Schwab that was the clearing firm

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that did the brokers side of the business okay

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so I'm not showing you a demo account I'm not showing you paper trading

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that those were real entries okay they were real reversals the whole business

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but the main thing was i showed you

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that larger trade this is going to be the framework

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that i'm teaching you how to find it okay

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but this pool of liquidity once this occurs you want to drop down to your lower time frames

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and start looking for something specific and let's go into those lower time frames

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and find out what

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that is okay here's a two minute chart why a two minute chart well two minute one minute

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or three minute or five, five minutes still has a lot of room for imbalances to occur underneath that timeframe.

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And what I mean by that, the one minute, two minute, three minute chart tends to be the best for finding the imbalances for indices.

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Okay.

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Don't take my word for that.

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Okay.

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If you're looking for high frequency setups intraday, the one, two or three minute chart are just beautiful.

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They just offer a real good clarity.

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The reason why, because the high frequency trading algorithms are operating on nothing really higher than three minutes.

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The majority of the time, they're like seconds.

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Okay.

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15 seconds, 30 seconds, 45 seconds, 60 second intervals.

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Okay.

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And what they're looking for are these small little imbalances.

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And what does that look like?

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Well, we have that run on the buy stops here.

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Okay.

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Remember that old high here, the old high here, old high here.

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It runs right on through that.

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once this occurs on

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that higher time frame 15 -minute time frame you want to drop down to the lower time frames

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and I'm using the two -minute chart

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because this is exactly what I was using to find that imbalance and trade off of it okay

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the market creates a short -term low here and then it breaks below

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that this is key this is called a break in market structure now the foundations

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and underlying framework is we're in a market that's what weekly bearish we're expecting

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that weekly candle to expand lower it's been expanding all week

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so we have momentum on our side we have a consolidation that's occurred

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and we had a pool of liquidity engineered with these relative equal highs

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and the market broke out to the downside first and then they ran on the highs so once it went here,

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we don't rush in there just go short because it went above old highs.

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We're looking for some specific signature that tips its hand to you.

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Okay?

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And I promise you, when you start going through your charts and it's going to be homework for you,

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you're going to see this occurring almost every single day.

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And if it's not doing it this way, it's doing it the opposite direction as a buy.

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Okay?

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Again, don't take my word for it.

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You're going to be flabbergasted.

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You know what I got?

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Flabbergasted

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when you see how many times this thing forms every single week okay

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it's many times throughout the intraday charts it creates this type of move

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but it runs the stops then we have a short term low

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and then it breaks below it

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so now we have a break in market structure okay once

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this low is broken you're gonna look for this little area here that's

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that imbalance I mentioned in the beginning right

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so what's happening is the market's gonna go right up inside that area there and that's where you want to sell.

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Now, if you don't sell there, you can drop down to a lower timeframe, one minute chart.

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If this was a three minute chart,

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you can go down to a one minute chart and look for that to occur on that timeframe as well.

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And it many times will form if you're looking at a lower timeframe,

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like to say this was a five minute chart and you looked at a one minute chart, you'd find one down in here.

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It's a matter of scaling down in your timeframes because once you have an underlying.

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premise to the market now likely to go lower, it becomes an easy thing to look for these types of things.

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So in your chart, once you're developing this idea and learning it, you're going to highlight this candle's low,

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this candle's high, and this right here is what I teach my students as a fair value gap.

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You don't have those in books.

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You don't have any of that kind of stuff out there.

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It's something I introduced back in 2016.

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And obviously, a lot of people discovered how good it is and they try to make courses with it.

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But I'm going to not touch that right here.

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But the idea is once it go up into that imbalance there, and once it does that, as soon as it enters that area,

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the algorithm that delivers price.

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Now, some of you may not know what that means.

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And some of you may not even agree with it you may think that this is made up or it's contrived.

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I promise you, if you spend time with this,

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you're going to quickly come to the conclusion that there absolutely is an algorithm and it's manipulating the markets every single day, every single tick.

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It's completely controlled.

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Okay.

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Period.

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You're led to believe it's buying and selling pressure.

445

Now, if I go back and use that analogy where it went down here first, then go up here, some of you may argue,

446

see, that's the buying and selling pressure.

447

No, it's not.

448

It's liquidity.

449

Now, you may argue and say, well, we're arguing semantics.

450

No, I'm telling you what's going on.

451

This is the logic.

452

This is how these markets book.

453

Okay.

454

Once you see these patterns over and over and over again, it's very easy to execute on them.

455

But the impulse to want to do it the first time you see it, because you watch this video,

456

that is going to be problematic for you.

457

So you're going to have to do a certain number of weeks and months of backtesting.

458

There's no escaping that.

459

You have to do it any skill set, any teacher, educator, system, whatever, okay, whatever they're going to give you,

460

there's going to be some kind of growing period where you have to trial and error, fix the problems that you have about yourself.

461

And I've literally taken your attention to a very specific framework and setup.

462

Notice that?

463

Some of you may think I'm still talking too much, but I'm taking you right into the heart of the matter.

464

This is what it looks like.

465

This is what you're looking for okay these are the fingerprints of that setup these repeat

466

so if you know what they are and what those components are

467

that make up this setup you'll be able to find them

468

but focus on the imbalance after the market structure breaks

469

so this big candle here it breaks down look at the next candle opens

470

and trades higher and stops right there so from this candles low

471

and this candles high when this candle starts trading as soon as it opens and it runs right up into that, that's a short.

472

You can go right in there, sell short, be done.

473

Now, where's your stock going to be?

474

Well, you can put it above this high here, or you can put it above this candles high, whichever your risk parameters allow for.

475

Okay.

476

If you're trading the micro, which is again, it's not a lot of money per tick.

477

So the multiplier for that is very small.

478

If you trade the larger full futures contract, and if it moves a hundred your points and they could do it real quick,

479

it can bring you pretty bad.

480

So you may have the leverage to trade with a discount broker.

481

Okay.

482

You may have the initial margin to trade with a discount broker, but you may not have the wherewithal and the skillset to navigate this market.

483

And that's the only thing I'm trying to provide here as an alternative

484

because there's a lot of individuals out there that will promote the idea

485

that you can go out there with a discount broker and just clean up.

486

Yeah.

487

If you know what you're doing, but you don't need a discount broker to be profitable okay looking at this further

488

we're gonna look at the logic in here

489

and I want you to think about after this forms

490

and you see that as your choice setup or entry

491

if it starts to move lower you can still get in it there's no reason not to think

492

that you know you can't get in it here

493

or in here it's close to or in close proximity to where that area is as an entry.

494

Once we take out a low though, once that occurs, then it becomes a matter of your chasing price.

495

And if you try to get in, especially if you like use a market order, you may see it trade right to this low and say,

496

okay, now I believe it's going to go down.

497

You put a market order and sell short and then slippage gets you down here.

498

And that creates a larger area of risk that you have to assume.

499

And it's just, it's problematic.

500

You want to learn to trust going short when the market's going higher.

501

And And that feels scary at first.

502

But once you start seeing this pattern form, it becomes easy to trust it.

503

And in fact, you want to be doing that.

504

You want to be selling short, expecting lower prices right when the candle is going up.

505

And retail traders can't grasp that many times.

506

It's just like it goes against the logic because they think, I got to have confirmation.

507

All the books say I have to have confirmation.

508

and that's somebody that's coming in late that's someone

509

that doesn't have a read price they can't really follow it

510

and usually they're the people

511

that will trade short with additional shelf you know sell stops they'll put sell stops below the marketplace

512

and then that's the momentum entry for them

513

and it's kind of like a no -brainer in fast markets yeah it works

514

but if you don't know what you're doing you try to do

515

that in a market that's consolidating

516

or about the reverse it hands you your backside okay so

517

if you're looking at this framework here and we've taken the buy stops we

518

We have our entry pattern here.

519

What would you be looking for as a downside objective?

520

Well, I'm going to teach you the liquidity matrix.

521

Okay.

522

And sounds pretty cool.

523

Sounds neat and all that, but watch what it is.

524

This here is your range.

525

This is the low of the day and this is the high of the day thus far.

526

So if we take that range and split it from the low to the high to get the midpoint,

527

all of this can be determined by a simple 50 level on a Fibonacci.

528

So you drag your fib from this high down to that low or vice versa and have your 50 level highlighted.

529

Then anything above that 50 level, this is referred to from an algorithmic stance as a premium market.

530

It means it's expensive.

531

Now, markets can stay in a premium for a while and not go to a discount, which would be below the 50 point.

532

Okay, 50 percent.

533

Anything down here is a discount.

534

If you're bearish, if you're ever going short, you want to look at the previous range.

535

Where are you at inside that range?

536

So when this formed here, that little fair value gap, once that formed, you're thinking, okay, we are in a premium.

537

So algorithms will want to go to a discount.

538

That's the opposing side of the marketplace.

539

So if it's going short here, it's driving the market lower.

540

What does that mean?

541

The algorithm is going to start pricing lower.

542

You can have all the buyers in the world come in.

543

If the algorithm is in a sell program and it's going lower, it does not matter.

544

It's going to reprice lower and lower and lower.

545

And then what will happen is those buyers that may come in with a huge influx of volume,

546

they're going to get crushed and they get squeezed.

547

You ever hear that term, oh, this is a bear squeeze.

548

This is a bull squeeze.

549

All that is an excuse for them not to know why the algorithm is doing what it's doing.

550

That's it.

551

That's all it is.

552

It's an out.

553

Okay, I'm telling you this is what's really going on

554

So the markets moving from this premium high this specific entry point to a level below the 50 of

555

This range this low and this high now I want you to again go back

556

and rewind the video once we're done and look at that execution

557

Page where I showed you my entries going back and forth up

558

and down up and down and where I got out at where I got in at okay

559

I I want you to think about what below this level here, the 50 level, what is resting below here?

560

Sell stops.

561

So now think about the idea of someone like you and I that would see this ideal entry as a short.

562

We have to sell to get in that short.

563

How do we get out of that short?

564

We gotta buy it back or cover it by buying.

565

Well, we're gonna find willing sellers at a low price relative to this point here,

566

they're willing already sitting down there with their sell stocks right below that low.

567

Now look closely.

568

What else resides right near that low? Do you see it?

569

Pause the video before I show it to you

570

because it kind of ruins the experience because if you find it and I don't tell it, it feels good.

571

Right there is that imbalance I mentioned okay it's only one single candle passing up

572

and the previous candles high and the next candles low that area right there is an imbalance

573

from this area here it went down below the 50 level

574

and attacked these sell stops and completely closed in this imbalance

575

so every point of this candles high to this candles low

576

that range with the camera only going up that's a buy side imbalance

577

it has to have an equal delivery to be efficiently priced

578

and booked by the algorithm it goes down

579

and completely closes it back in with down movement notice the candle on this here it opens

580

and then trades down

581

so it fulfills its role of balancing the buy side offering now the sell side offering

582

so that is an efficiently delivered price move precision elements from the entry here down to here.

583

Everything else after that for the rest of the day I didn't care about.

584

Even though I had an objective of that old daily low, I wasn't expecting it to run into this particular day.

585

And that's why I didn't participate anymore the rest of the day.

586

In hindsight, I wish I would have left a small position on and just let it go, but...

587

you're going to have that.

588

You're never going to be right about everything all the time, every single day.

589

You're going to leave things on the table.

590

You're going to get in too early.

591

You're going to hold too long.

592

You're not going to buy enough or you're not going to sell enough.

593

There's always going to be some reasons why you didn't do something right.

594

So don't beat yourself up about it.

595

Okay.

596

But if you can find elements like this repeating in the price action, can you agree with me that that is amazing precision?

597

And this is the logic I used to do that trade, the very trade that I showed you

598

that was the largest one in the example of saying which one would you rather learn how to do.

599

I basically just handed you an ATM machine.

600

This repeats every single week.

601

Every single week.

602

Now I want you to count the number of the handles in this move.

603

let's say you got in at uh well this say

604

you got an 800 14 800 it's starting to go down

605

you trust it okay we're going to go short ideally you want to enter as it goes into

606

that but it's going to take time for you to trust

607

that but let's say you got into 14 800

608

if you got out down here like i did i exited as it went right to the top of

609

that range right here this range here that's the top of it.

610

Once it went below that, that was it for me.

611

That closed the trade. Is that five handles?

612

Is that 10 handles?

613

Is that 20 handles?

614

Is that 30 handles?

615

Is that 50 handles?

616

No, it's over a hundred and some.

617

Now let's assume for a moment that you get good at this, or I get the inclination

618

that I want to go to some kind of a deep discount broker

619

and I go in and I do trades like this and I'm putting on 15 to 25 full futures contracts.

620

What do you think the results are going to be?

621

Yep.

622

So not everything is going to be easy right away.

623

And you're not going to see these things happen just because you sit in front of the charts.

624

You have to study and you have to practice.

625

And by experience of looking at old moves and watching real price action as best as you can, if you can't watch it live,

626

TradingView has a replay button where you can watch the candles kind of form,

627

but they're a little stilted because it's not completely painting the candle.

628

Okay, and you can't practice with entering like that.

629

You can only just study how price moved and gravitated towards certain levels.

630

It's the best thing you can have if you at least consider doing that much, that's good.

631

But if you really want to take it to the next level

632

and say you're running a business or if you're going to school

633

or you have a job

634

and you can't watch the time frame around the opening of the index features

635

and I like watching it around 8 30 in the morning

636

New York local time to 11 o 'clock there's usually a setup in there

637

that I'm going to be able to find obviously you see I did multiple setups and

638

executions today but the point is this that's like

639

that sweet little spot in the morning that I focus on I teach

640

that in this YouTube channel I teach it in my paid mentorship group

641

so you're getting real stuff here it's not something

642

that was contrived I didn't just make it up because this day worked out in my favor.

643

My students recognize these things also.

644

And these are simple elements that repeat.

645

What you're looking for is a run on liquidity, buy stops or sell stops.

646

If you're bearish, you're looking for buy stops to be ran.

647

Then a break in market structure, lower, a short term low being broken.

648

That's what it looks like right here.

649

Short term swing low.

650

We have a candle high.

651

I'm sorry, a candle higher to the left with with its low here,

652

then you have the low of this candle and the next candle is higher low than this one.

653

So you have a swing low formed.

654

If you have that and then you have a break below that, if it happens that creates a gap like this, that's what you're looking for.

655

When it trades up into that, you can go short.

656

Or if you want to use sell stops, you can use a sell stop in this candle here

657

and just let it trip you in and then use the high of

658

that candle as your stop that may be too wide for you.

659

But I mentioned the logic around this is you're using a micro.

660

Micros aren't that big of a deal.

661

It's not a lot of money.

662

You're not risking a full futures leverage.

663

It's very, very small.

664

So if you're looking at these types of setups and you can find them forming repeatedly over and over and over again,

665

and you study them, you're going to see

666

that you don't need to get these little five handle moves these little ten handle moves

667

you can make a living doing

668

that don't get me wrong I'm not trying to say

669

that people cannot be profitable and wildly profitable but when you learn how to do something like this

670

And you're able to pull down this number of handles.

671

And then you have sound money management.

672

Nothing compares to it, folks.

673

These are the things that I use when you watched

674

when I was on Twitter and I ran up the demo accounts really high.

675

These are the types of setups I was using.

676

These types of setups.

677

And as the account grew, it was more demo account leverage.

678

Well, I'm not using a demo account right now.

679

I'm showing you with a thinkorswim and anybody that knows Thinkorswim, when I'm showing you those screenshots, the paper trading shows as orange.

680

Everything on that page is orange.

681

When it's a live account, it's green.

682

Also, here's the rub.

683

With a demo account, it's just demo, demo, demo, demo.

684

I'm not trying to promote the idea that you're going to get rich.

685

Notice that account hasn't gone bonkers.

686

It hasn't ran up to a million dollars

687

because this mentorship is to hopefully inspire you to pick up a skill

688

that if you deem it useful and you decide at your own discretion

689

and your own timing and you assume that risk on your own

690

because i'm not going to tell you to do this

691

if you decide to get really good at this

692

and you put money behind it that's a skill set

693

that could i'm not promising

694

but it could alleviate some of the problems with what i

695

believe is coming in terms of financial hardship not just in America but everywhere.

696

Jobs are getting harder and harder to have.

697

The economy's a mess.

698

So how do we answer that?

699

How do we get another income stream coming in?

700

This is, in my opinion, this is one of the ways that you can at least investigate the idea of doing it.

701

All right.

702

So I'm going to give you some homework in closing.

703

I want you to go through all of the E -mini futures contract charts.

704

Okay.

705

Just like I showed you here, these timeframes, go back and look at the presentation

706

and see what the timeframes I gave you listen to what I gave you in terms of audio commentary

707

that is enough in fact I gave you a ton

708

and it may have your head spinning if you're brand new to me

709

or if you're brand new to technical analysis

710

or trading you may feel like this is too fast do not send me an email

711

I promise you the lessons I have planned will help eliminate

712

and answer majority of the things you're gonna ask just try to study

713

and keep up with the pace that I'm gonna put you through

714

which isn't going to be all that bad

715

but as we progress deeper into the teachings many of the questions

716

that are going to come up or

717

when you start going into the homework assignment where you're looking

718

at old data an intraday chart is anything less than a daily chart

719

so like a four -hour chart that's intraday one hour chart

720

that's intraday five minute three minute two minute one minute all

721

those time frames are intraday what you're going to be looking

722

for are breaks in market structure after a pool of liquidity okay buy stops

723

or sell stops have been taken in an opposing direction of your weekly expected range.

724

In other words, are you expecting higher prices or lower prices on the weekly range?

725

So if you're looking for lower prices, your focus is on a run above an old high.

726

Once that forms, then you're looking for a break in market structure on a lower timeframe.

727

Once that occurs and you have an imbalance, that's your trigger.

728

Okay?

729

And then you split that range that was created, find out where the 50 % is.

730

And then if you're selling short, you want to find something like an old low or an imbalance to aim for as your target.

731

And you want to get the closest target.

732

Don't try to get fancy and say,

733

okay, well, I think it's going to go down to that lowest low and try to use that for your exit.

734

Because sometimes these markets can deny you that.

735

So low hanging fruit is how I teach.

736

You want to have the easiest target

737

and then allow the market to go farther and you just not be a part of it.

738

It's okay.

739

Is 125, 130 handles in an index not good enough?

740

I think it's good enough, but I'm probably just biased.

741

But the homework assignment is, again, you're going through the charts using the logic I framed in this introduction lesson, looking for breaking market structure.

742

I also have lessons in this YouTube channel that talks about market structure breaks and things like that.

743

And then you're going to look for the imbalance in price, which is that fair value gap.

744

Then you're going to determine where an opposing high or low resides, then log and backtest the number of handles you see in hindsight examples.

745

In other words, how much did it offer?

746

And you're going to get a collection of doing that.

747

The next lesson, I'm actually going to show you how to go back into the charts and look for them,

748

how to log them in your journal, and give you more insights about how you can find these setups

749

that repeat every single week okay

750

so again I'm going to build on this foundation in the next episode the next episode will be next Tuesday

751

and the time upload will be 10 o 'clock New York local time hopefully

752

you've enjoyed this one until I talk to you next time I wish you good luck and good trading

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Vocabulary and speaking notes for this lesson

This speaking lesson is built on the video “2022 ICT Mentorship Episode 2”. The speaker keeps coming back to these words: chart, candle, price. This video has 752 sentences and 8759 words to shadow. The speech runs for 49:22. The speaker talks at a natural 177 words per minute, close to everyday conversation. 85% of the words are among the 3,000 most common in English; the rest is worth studying before you start.

Key vocabulary in this video

15 words from the video worth learning, with pronunciation and meaning:

Word	Pronunciation	Meaning
chart noun	/t͡ʃɑɹt/	A map illustrating the geography of a specific phenomenon.
candle noun	/ˈkæn.dəl/	A light source consisting of a wick embedded in a solid, flammable substance such as wax, tallow, or paraffin.
algorithm noun	/ˈælɡəɹɪðm̩/	A collection of ordered steps that solve a mathematical problem. A precise step-by-step plan for a computational procedure that possibly begins with an input…
setup noun	/ˈsɛtʌp/	Equipment designed for a particular purpose; an apparatus.
demo noun	/ˈdɛm.oʊ/	A demonstration or visual explanation.
trader noun	/ˈtɹeɪdɚ/	One who earns a living by trading goods or securities.
occur verb	/əˈkɜː/	To happen or take place.
discount noun	/ˈdɪskaʊnt/	A reduction in price.
mini adjective	/ˈmɪn.i/	Miniature, tiny, small.
broker noun	/ˈbɹoʊkɚ/	A mediator between a buyer and seller.
swing verb	/ˈswɪŋ/	To rotate about an off-centre fixed point.
expand verb	/ɪkˈspænd/	To change (something) from a smaller form or size to a larger one; to spread out or lay open.
framework noun	/ˈfɹeɪm.wɜːk/	A support structure comprising joined parts or conglomerated particles and intervening open spaces of similar or larger size.
hourly adjective	/ˈaʊ̯ɚli/	Occurring every hour.
contrast noun	/kənˈt(ʃ)ɹæst/	The degree of this difference.

Phrasal verbs you will hear

Word	Meaning
go down verb	To descend; to move from a higher place to a lower one.
go back verb	To return to a place or state after having been there at a previous time.
go through verb	To travel from one end of something to the other.
go up verb	To move upwards.
drop down verb	To sail, move, or row down a coast, or down a river to the sea.
find out verb	To discover, as by asking or investigating.
stand out verb	To jut out, protrude (from a surface etc.).
take out verb	To remove.

Sentences worth repeating

Short, complete lines from the video that you can reuse in everyday conversation:

The market goes up when we're what?
You know what I got?
Where are you at inside that range?
How do we get out of that short?
How do we get another income stream coming in?

דקדוק בסרטון הזה

המבנים שהדובר משתמש בהם הכי הרבה, עם המילים המדויקות מהסרטון:

מבנה	בסרטון
הווה מושלם ממושך (Present perfect continuous) have/has been + -ing — פעולה שהתחילה בעבר ועדיין נמשכת עכשיו	we've been looking · it's been going · it's been consolidating
משפטי תנאי (Conditional sentences) if + clause, will/would + verb — תנאי ותוצאה שלו	if you give it a chance you'll find
הווה מושלם (Present perfect) have/has + past participle — פעולה שקרתה בעבר ועדיין יש לה חשיבות או השפעה עכשיו	haven't watched · hasn't broken · that's been trained
סביל (Passive voice) be + past participle — הדגש הוא על מה שקורה, לא על מי שעושה את הפעולה	be presented · be unshackled · be delivered

Pronunciation to watch

The speaker uses 276 contractions and reduced forms, such as you're, I'm, we're. Say them the short way, as you hear them.

The “th” sounds: algorithm /ˈælɡəɹɪðm̩/, underneath /ˌʌndɚˈniθ/
The “sh” and “zh” sounds: contrast /kənˈt(ʃ)ɹæst/, execution /ˌɛk.sɪˈkjuː.ʃən/, expectation /ˌɛk.spɛkˈteɪ.ʃən/, consolidation /kənˌsɑləˈdeɪʃən/, luxury /ˈlʌk.ʃə.ɹi/
Long words — get the stress right: execution /ˌɛk.sɪˈkjuː.ʃən/, expectation /ˌɛk.spɛkˈteɪ.ʃən/, predominantly /pɹɪˈdɒmɪnəntli/, consolidation /kənˌsɑləˈdeɪʃən/, educator /ˈɛd͡ʒəkeɪtɚ/

How to practise with this video

Listen to the whole video once without speaking and note the words you do not know.
Start at 0.75× speed, shadow it sentence by sentence, then go back to normal speed once it feels easy.
Record yourself and compare with the original, paying attention to words like chart, candle, algorithm.

מהי טכניקת השאדואינג?

שאדואינג היא טכניקת למידת שפה מבוססת מדע שפותחה במקור להכשרת מתורגמנים מקצועיים ופופולרית על ידי הפוליגלוט ד"ר אלכסנדר ארגואלס. השיטה פשוטה אך עוצמתית: אתה מקשיב לאודיו באנגלית ילידית וחוזר עליו בקול רם מיד — כמו צל העוקב אחרי הדובר עם עיכוב של 1–2 שניות בלבד. בניגוד להאזנה פסיבית או תרגילי דקדוק, שאדואינג מכריח את המוח והשרירים בפה לעבד ולשחזר דפוסי דיבור אמיתיים בו זמנית. מחקרים מראים שזה משפר משמעותית את דיוק ההגייה, האינטונציה, הקצב, הדיבור המחובר, הבנת השמיעה ושטף הדיבור — מה שהופך אותו לאחת השיטות היעילות ביותר להכנה לIELTS Speaking ולתקשורת באנגלית בעולם האמיתי.

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Vocabulary and speaking notes for this lesson

Key vocabulary in this video

Phrasal verbs you will hear

Sentences worth repeating

דקדוק בסרטון הזה

Pronunciation to watch

How to practise with this video

מהי טכניקת השאדואינג?