Video summary

If I Could Go Back & Tell Myself What I Know Now... Part 2 of 4

Main summary

Key takeaways

Finance

Finance-Focused Summary (Market Structure / Order-Flow Approach)

Core Idea / Paradigm Shift

  • The speaker argues that “classic” support & resistance is a misleading framing.
  • Instead, the market is best understood as seeking liquidity—specifically by running stops at meaningful highs/lows across multiple timeframes.
  • Price action is described as an “algorithm / order-flow delivery state” that shifts when price reclaims or breaks prior key levels.
  • This behavior is framed as closer to institutional/central-bank-level dynamics (not “mom-and-pop” retail stop placement).

Step-by-Step Framework / Method

  • Identify recurring liquidity pools by marking:

    • Monthly highs & lows
    • Weekly highs & lows
    • Daily highs & lows
    • Session highs & lows

  • Use a “rule of thumb” for monthly reference:

    • Consider the last ~3 months to select the relevant monthly high/low(s).

  • Track delivery-state changes using reclaim/break logic:

    • If price sweeps below an old low (sell-side liquidity), wait for confirmation it trades back above an old high (buy-side trigger).
    • Conversely, if price breaks above old highs, bearish/weakening behavior is implied when it later breaks back below the relevant old low(s).

  • Define the “state of delivery” through a sequence (example provided):

    • Drop below red level(s) → return above the red → then break through blue level(s) to shift to the next delivery state.

  • Focus on repeated, steady setups:

    • Don’t search for perpetual “perfect” entries.
    • Emphasize risk management and repeating structures.
    • Accept that learning includes losses.

Time-of-Day and Session Logic (Entry Quality)

  • London session: 2:00–5:00 AM ET
  • New York session: 7:00–9:00 AM ET
  • “Optimal Trade Entry (OTE)” concept:
    • After an impulse leg, wait for a retracement into the specified session window for the best entry.

“One-Shot One-Kill” Weekly Setup

  • The speaker claims there is an optimal recurring weekly setup signature (shown on charts) that repeats in a reliable weekly pattern.

Key Recommendations / Cautions

  • Avoid overfitting and indicator-only thinking

    • The speaker explicitly advises against relying on:
      • RSI
      • Stochastic
      • MACD
      • Moving average crossovers
      • Overbought/oversold
      • Divergence
      • Traditional chart patterns and classic trendline / support-resistance approaches

  • Prioritize risk/process over perfection

    • Chasing perfection is framed as harmful (including losing “live accounts”).
    • It’s better to be process-oriented, even if it means missing some trades.
    • Profitability doesn’t require trading every day’s setup.

  • Not every day offers opportunities

    • Some days consolidate or become “inside days / outside days,” potentially failing to deliver liquidity sweeps to prior highs/lows.
    • Early-development guidance:
      • Be content with profitability early in the week.
      • Entering late week (Thursday/Friday) after already being profitable is presented as higher-risk/problematic.

Performance / Behavioral Claims (Qualitative)

  • The framework should reduce reliance on guesswork, but learning is expected to be rough:
    • You will likely blow accounts while learning—especially if day trading every day.
    • Early results are described as “hit and miss.”
    • A learning/inconsistency duration of about ~3.5 years is mentioned, tied partly to London/session complexity.
  • Recommended approach:
    • Start with the New York session first.

Assets / Instruments Mentioned

  • British Pound (GBP) is explicitly mentioned as an example.
  • The approach is implied to be applicable to other FX pairs, futures, stocks, etc.
  • No specific stock tickers, ETFs, bonds, commodities, or crypto tickers are provided.

Numbers / Timelines Explicitly Mentioned

  • Video series context: Part 2 of 4
  • Monthly reference: last three months
  • Time windows (ET):
    • London impulse: 2:00–5:00 AM
    • New York OTE/retracement: 7:00–9:00 AM
  • Development/psychology guidance:
    • Prefer building early in the week; Thursday/Friday after already being profitable is cautioned.
  • Learning duration claim:
    • ~3.5 years of “hit and miss,” especially due to London “rolls” / session complexity

Disclosures / Disclaimers

  • No explicit “not financial advice” or regulatory disclosure appears in the provided subtitles.
  • The speaker frames the instruction as “hypothetically speaking”—teaching-oriented and experiential (aimed at his younger self), not formal investment advice.

Presenters / Sources

  • Presenter/speaker: Michael
    • Referred to throughout as the person delivering the lesson and addressing his younger self.
  • No formal external sources or linked organizations are cited.
  • General references to institutional actors appear (e.g., “Goldman Sachs,” “UBS,” “Credit Suisse,” “Cit/City,” “prop traders,” “mom-and-pop,” “broker”), but without formal documentation.

Original video