📺 This video is episode 24 of the free ICT mentorship series on YouTube for 2022.
🔒 The mentor emphasizes the importance of having the proper mindset and being sincere about learning.
📈 The mentor encourages students to actively interact with the content, study the patterns, and apply them in their own trading.
💡 The speaker discusses a specific trading strategy involving a drop at 9:30 and a run into a certain level.
🧠 The video emphasizes the importance of mindset, critical thinking, and risk management in trading success.
⚠️ The speaker explains why they don't do live trading sessions and highlights the lack of responsibility among traders.
🔑 All trading advice given in the video is for demo and paper trading purposes only, not for live funds.
💡 The speaker emphasizes the importance of understanding the content and process before trading with live funds.
🚫 Disruptive and disrespectful comments will be removed, but respectful disagreement is allowed.
📈 The speaker discusses a model and asks for critical thinking from the audience.
🌍 The audience is asked to share their location for a broad range view of viewership.
⬆️ The speaker explains the logic of a possible drop in the market based on patterns and catalysts.
⏰ The speaker discusses the importance of time and volatility in trading.
📉 The speaker explains a trading strategy involving displacement and fair value gaps.
❌ The speaker warns against impulsive trading and taking guesses.
💼 The responsibility for success in trading lies solely with the viewer, not the mentor.
📚 Successful trading requires diligent study, self-control, and adherence to rules.
🔒 If rules are not followed, impulsive actions can lead to financial ruin.
Trading is all about managing losing trades and enduring them.
Setups form when price runs above relative equal highs and then breaks back down below them.
The foundation of a setup is the displacement leg and price action that follows breaking the short term low.
📈 There are two entry strategies for this model: trading above the low of the fair value gap or waiting for a trigger that indicates a shift in market structure.
📊 The trading logic discussed in the video is algorithmic and repeatable, demonstrated through price action in live data and old backtesting.
❌ Although the expected setup did not occur in the market, the absence of a winning trade does not mean the model is broken or that trading opportunities cannot be found.
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