2022 ICT Mentorship Episode 33

Summary

The presenter reviewed Friday’s intraday price action, focusing on a move below the May 12, 2022 low and a break of the 3,915.25 level. He said he waited for that break before entering rather than trading the earlier, choppy price action. The market later moved below 3,855, which he had identified as a liquidity target.

Trading framework

• Wait for confirmation: He wanted the 3,915.25 level to break before considering a trade, citing high volatility and the risk of entering too early.
• Focus on liquidity rather than conventional support and resistance: He described prior lows as areas where sell-side orders might be resting, rather than simply treating them as support that would become resistance after a break.
• Use fair value gaps (FVGs) as entry areas: After a level was swept or broken, he looked for displacement and a return into an FVG, followed by a move toward another liquidity pool.
• Look for confluence: His examples combined a liquidity level, a break, displacement, and an FVG. He cautioned against relying on a single signal.
• Use range position as context: He discussed equilibrium (the midpoint) and premium (above the midpoint), including a late-session move back into a premium area and an imbalance.
• Build pattern recognition through review: He encouraged viewers to collect historical examples as a form of backtesting, rather than expecting one model to explain every setup.

He described multiple short entries around FVGs and a later long trade during the afternoon rebound. He said his son traded a live account, taking two short trades before going long.

Levels and performance claims

The key chart levels cited were 3,915.25, 3,872.25, and 3,855.

The son’s account was described as having a prior balance of $9,751.66 and an ending balance of $13,451.66. The presenter later said the day’s gain was $3,700. Those balances indicate an increase of $3,700, or about 38% of the prior balance.

The subtitles also include a claim of roughly a 300% return in three weeks, which does not reconcile with the stated balances. The presenter said the result was not typical and did not promise similar returns.

He noted that AMP permitted leverage, comparing it with Robinhood, but gave no specific leverage figures.

Cautions and disclosures

The presenter emphasized that his son’s result was unusual and that viewers should not expect to replicate it. He also referred to his son’s experience learning alongside him. The presenter said market volatility made him reluctant to take earlier, more aggressive setups.

No explicit “not financial advice” disclaimer appears in the subtitles.

Assets and platforms

• Likely ES futures, based on the video context; the subtitles do not explicitly name the contract.
• AMP and Robinhood are mentioned in the discussion of trading accounts and platforms.

Presenter

The Inner Circle Trader (ICT) is the presenter. He discusses his son’s trading account but does not name him.