Summary:

– The session began with technical problems on YouTube but proceeded on other platforms; participants praised the livestream and mentorship value.

Michael (ICT) demonstrated a live stop hunt: he publicly posted his stop, it was run (alleged manual intervention), he was stopped out, then re-entered and the trade largely hit his target—used as proof of market manipulation and as a teaching moment.
– Core concepts discussed and applied: fair value gaps (FVG), inversion FVGs, PD arrays, market-maker buy/sell models, opening/first-hour dealing ranges, session liquidity, internal vs external range liquidity, and multi-timeframe confluence.

Practical trading lessons emphasized:
– Treat every executed trade (including stops) as information/intel to re-evaluate the plan.
– In a bullish market, require additional confluence to take shorts—be more selective.
– Reduce trade frequency, manage risk, avoid over-leveraging, and stop trading after reaching daily profit or loss limits.
– Know exactly what you are looking for before entering (clear rules and criteria), and develop tape-reading skills through repetition.
– Use session-specific timing (New York/London) and structured models rather than subjective forecasts.

Several students shared questions and experiences (entries, OTEs, impulsivity, time cycles); Michael and other experienced students provided guidance tailored to each.
– Michael refuses to run a public signal service because widely-shared stops and setups would be targeted and exploited.

Macro/gap risk: Michael warned about weekend/black-swan events (geopolitical shock) creating large Sunday/Monday gaps—advised traders to expect the unexpected and cultivate indifference to outcomes.
– Closing message: focus on disciplined, rule-based models, develop patience and emotional control, and treat trading as managing probabilities rather than seeking certainties.

Quiz

1. According to ICT, what should a trader do after being stopped out if the original market idea still appears valid?
A. Immediately double the position size
B. Sit on their hands and reassess the chart
C. Reverse the trade without checking price action
D. Stop trading for the rest of the month

2. What did ICT say is the best way to approach a bearish trade in the current bullish environment?
A. Use fewer confluences than usual
B. Ignore higher time frame context
C. Require more confluences and stronger alignment
D. Trade only based on one fair value gap

3. What did ICT say about making his stop loss public during the live stream?
A. It had no effect on price
B. It proved the market can run public stops and then continue in the intended direction
C. It caused price to stop trending entirely
D. It invalidated all of his market concepts

4. When price action is overlapping between the first 30-minute opening range and the first hour’s dealing range, what did ICT say should be prioritized?
A. The first 30 minutes and then the 10:00 silver bullet if needed
B. The last hour of the day
C. Only the wick of the 10:30 candle
D. The daily close only

5. What did ICT recommend for a trader who makes money but keeps giving it back due to overtrading?
A. Trade more often to stay sharp
B. Keep increasing risk to recover losses
C. Stop after the day’s profit target and turn the computer off
D. Ignore session timing and trade all day

Answer Key with Evidence

1. B
Evidence: “Every time you get stopped out, you have a moment to re-evaluate everything… Go right in the price action… If this was just a run on liquidity and I was part of that, would I take a trade based on this right now? Sure. Okay, I’m in again.” He also said, “sit on our hands” and “do nothing” when the trade is no longer valid.

2. C
Evidence: “Yes, I think it should be true for everyone… If you’re looking to short in this environment… you need an additional confluence to short right now. Even more. Even more than that.” He also said bearish trades require “several several things and multi-time frame.”

3. B
Evidence: “I gave the entire [__] world my stop loss… So what it did proved these Wall Street guys have no idea what the [__] they’re talking about because it happened live… As soon as the stop hit and closed the position out printed the screenshot right on my X.” He also said, “That was a manual intervention… Today illustrated that.”

4. A
Evidence: “The first order of business is the first 30 minutes. That’s the opening range… If the range is essentially the same… go back to what was presented in the first 30 minutes. If there’s a fair value gap in there, it’ll use that. If there isn’t… then go into 10:00, look for silver bullet.”

5. C
Evidence: “Don’t make another trade after you profit for the day. Turn your computers off. Do something else. Don’t trade on Fridays if you’re profitable.”