Summary of 2022 ICT Mentorship Episode 5
The video is part of the 2022 ICT Mentorship series on YouTube, focusing on intraday order flow and understanding the daily range for index futures such as S&P, Nasdaq, and Dow.
- The speaker emphasizes the importance of setting up daily ranges and intraday layouts for trading these markets.
- The speaker provides detailed instructions on how to read and interpret futures contracts, including expiration dates and delivery months.
- The speaker explains the concept of open interest and how to choose the most liquid contract month for trading.
- The speaker discusses the importance of identifying swing highs and lows for potential stop hunts and entry points.
- The speaker advises against trading during the New York lunch hour and emphasizes the significance of afternoon trading patterns.
- The speaker encourages viewers to analyze and outline morning and afternoon trading sessions to understand market trends and potential entry points.
- The speaker highlights the predictability and systematic nature of index futures markets, recommending a strategic and patient approach to trading.
- The speaker provides examples of analyzing price action and identifying key entry points in the market.
- The speaker suggests using demo accounts for practice and emphasizes the importance of risk management and not over-leveraging trades.
Speaker
- The speaker is the mentor in the ICT Mentorship series on YouTube.
Notable Quotes
— 37:24 — « Buy those sell stops »
— 38:11 — « If you know what youre looking for, you can be very precise about it »
— 42:42 — « Theres a stark contrast to what Im teaching you here and what is predominantly shown in this area of trading »
— 43:24 — « Theres a repeating phenomenon thats typically around 20 minutes to 4 and 10 minutes before and four oclock »
— 45:45 — « There are times of the year where I teach index futures trading because theyre predominantly more liquid »
Category
Educational