The video is part of the 2022 ICT mentorship program and focuses on analyzing the E-mini S&P daily chart.
The presenter discusses the bearish order block and predicts lower prices in the equities market.
The importance of understanding liquidity and how to pick the right order block is emphasized.
๐ The market experienced a run-up followed by a decline and gap down, creating an imbalance.
โฐ At 9:30, the market broke lower, creating an imbalance on the 15-minute chart.
๐ Understanding market structure and the present narrative can help predict price movements and identify trading opportunities.
๐ Smart money enters near the high and exits at an important low.
๐ Market breaks down after reaching relative equal highs.
โฐ Afternoon session presents opportunities for retracement trades.
The video discusses the importance of fair value and entry points in trading.
The speaker emphasizes the need to have a suitable account for trading strategies.
The concept of market structure and different term highs is explained.
๐ Teaching a subject requires discipline and practical experience.
๐ง Most people mimic teachings without actually applying them.
๐ก The market and algorithm remain constant despite saturation.
๐ The speaker shares their trading strategy and techniques, emphasizing the use of close proximity entries and undisclosed methods.
๐ The speaker discusses how they teach their students to navigate drawdown periods and fix trading errors.
๐ค The speaker addresses misconceptions about their trading results and challenges others to step up their trading game.
๐ฐ The speaker provides insights into their recent trading activities, including a small scalp trade and observations on market movements.
๐ The speaker briefly explains the concept of SMT (Smart Money Trading) and its application in analyzing market correlations.
๐ Understanding intermarket relationships and correlation can provide insights into accumulation and distribution of price.
๐ Using Fibonacci levels can help calibrate trade entry points, projections, and optimal levels.
๐ก Optimal trade entry levels consider the lowest open or close in swings for buying and highest open or close for selling.