2022 ICT Mentorship Episode 31

Summary

The presenter reviews a short trade in the June 2022 S&P 500 futures contract, using the May 16, 2022 low as a downside liquidity target. He says stock-index markets were offering more volatility than forex at the time and expects currency markets to become more active within roughly the following 12 months. He also mentions going long USD/CAD around 8:30 on an impact-news release, but says that trade moved slowly.

He emphasizes that he does not provide synchronized entries, stops, or targets for viewers. Instead, he identifies a likely price destination and expects traders to develop their own execution skills.

Trade and Framework

• Directional idea: With the market above the May 16 low, he identified that low as a potential sell-side liquidity target.
• Setup: On lower time frames, he identified a bearish order block, a fair value gap, and then a swing high as price turned lower.
• Entry: He reports shorting four contracts at 4,007.75.
• Risk management: He placed the stop above the relevant candle high and moved it as price moved in his favor. He cites elevated volatility and a desire to reduce the chance of a profitable trade reversing.
• Management and exit: He took partial profits during the decline. Price eventually reached the day’s low, around 3,910. He did not participate in the post–New York-lunch session.

Key Figures, Instruments, and Cautions

• Instrument: S&P 500 June 2022 futures; no ticker symbol is explicitly stated.
• Other market mentioned: USD/CAD, referred to as “Dollar-CAD.”
• Levels: Entry at 4,007.75; downside objective at the May 16 low; price later reached approximately 3,910.
• Market view: At the time, the presenter believed index futures had more volatility than forex, while forex could see stronger movement within about 12 months.
• Cautions: He notes that high volatility can cause sharp retracements. He encourages traders to learn their own entries and stop placement rather than rely on someone else to call a trade.

Disclosures and Source

The presenter warns that impersonator accounts on WhatsApp, Twitter, and elsewhere are scammers. He says he will not solicit money or direct-message viewers for payment. He does not explicitly give a “not financial advice” disclaimer, but says he does not provide viewers with a complete trade plan.

Presenter/source: The Inner Circle Trader (ICT).