ICT Mastermind “Trader Roundup” live discussion hosted by Kit with ICT (Michael Huddleston) and multiple participants reacting to a new mentorship lecture centered on defining “key levels” and how time and price align through a PD Array “matrix/grid.” Traders share personal takeaways: being patient, avoiding rushing entries, managing leverage and stops, and waiting for price to trade to PD arrays that overlap key levels (rather than trading breakout/retest).
Michael explains that key levels and gaps are repeating, specific phenomena that create a grid for anticipating liquidity draws across sessions, emphasizing anticipating instead of reacting. He lists and discusses key levels such as new week opening gaps, new day opening gaps, RTH/opening range gaps (with gradient levels and consequent encroachment), and highlights how overlapping PD arrays (fair value gaps, order blocks, inefficiencies) at these levels improve precision; he contrasts this with generic “opening range breakout” approaches.
Participants discuss inside-day definitions using candle bodies, SMT divergence being higher probability around liquidity runs and volatility injections (often around 9:30), and using midpoints/consequent encroachment to assess high-resistance conditions.
Michael answers specific questions including: keeping a rolling five days of prior ranges/levels on charts; daily chart behavior around a noted wick and a fair value gap; how to prioritize PD arrays (wick takes precedence over imbalance; fair value gaps/imbalances are more salient than volume imbalance); order block marking rules (body is key for the initial/inception order block that shifts delivery; subsequent order blocks can be traded using wick ranges/consequent encroachment); and that body-based inside days function similarly to classic inside days as a volatility precursor.
Several speakers share personal stories (e.g., a 66-year-old beginner trading the 9:50–10:10 macro with micros, a 23-year-old Nigerian student balancing engineering finals, and others trading 2024 mentorship models), while the session also notes technical audio issues on X and ends with plans for another space on Thursday.
In a live Trader Roundup discussion, Michael explains that traders should start with one micro contract to minimize leverage, desensitize themselves to losses, and remove urgency around needing the first trade to win. He recommends deliberately taking an initial micro trade (even by flipping a coin) with a defined stop to experience that “baptism of fire,” then reflecting on emotions, accountability pressures (often toward spouses or others), and adopting the mindset of running one’s trading like a business (CEO/CFO/HR), focusing on risk control and process over outcomes. He compares small trading losses to everyday spending and emphasizes that controlling drawdown prevents account “hemorrhaging” and builds confidence.
Multiple traders share experiences: Joe (22, Morocco) trades the opening range gap and first-presented fair value gaps (targeting 50%) with a claimed ~70% win rate but struggles with emotional control when seeing red P/L; a participant suggests hiding P/L on TradingView, and Joe says trading micros helped him stop rushing payouts and improved consistency. Alex (26) describes using first presentations, quadrants, inversions, and “footholds,” and says sizing down to micros helped him get funded after struggling and seeing others’ fast payouts. Zazu (19, Tunisia) recounts severe anxiety with prop firm pressure, blowing an account quickly, then reducing size, detaching from outcomes, using isolation, self-talk, walks/runs, and listening to ICT spaces to manage emotions; he expresses gratitude for ICT’s impact on his life.
Other speakers reinforce themes: a trader from the Dominican Republic describes repeatedly blowing prop accounts with minis and improving by simplifying, detaching from money, discipline, gym activity, and faith; an Armenian-American from Los Angeles discusses journaling, backtesting, using market maker model context, first presentations, and grading wicks/imbalances; he asks about first presentations older than five days, and Michael explains the “5” lookback is to avoid clutter, but older first presentations can matter when aligned with session context and higher-timeframe dealing ranges and draw-on-liquidity logic. John asks why setups didn’t form cleanly this week; Michael cites a weekly doji near the weekly open, OPEX/theta burn, rangebound conditions, and reduced follow-through, advising fewer trades and waiting for higher-probability setups. He answers a question on the price delivery continuum as top-down alignment across timeframes using PD arrays. Papi Trades (33, in Paris) shares needing to return to work after prop firm struggles and asks about balancing work and trading; Michael advises building cash reserves (2–3 years), avoiding undercapitalization, and not rushing full-time trading. Another participant asks about “opposite” first presentations; Michael says he has not fully disclosed it and will cover it later.
Austin (38, South Carolina) shares a three-year journey and asks about aligning monthly/weekly/daily timing for larger expansions; Michael says such alignment exists but depends on market conditions, noting current unprecedented compression and advising trading within ranges rather than demanding highs/lows. Chartist asks about volume imbalances; Michael frames them as common gaps/inefficiencies often revisited and discusses time-based delivery behavior consistent with AMD. Dom asks how displacement relates to buying/selling pressure; Michael says displacement is a signal of algorithmic delivery and institutional participation rather than simple auction pressure.
Near the end, Michael rejects risking 20% of an account and addresses “six-figure months,” recommending building consistency by trading one micro for weeks (e.g., aiming for ~5% weekly), compounding over time, and warning that many claims of huge monthly income are exaggerated. He emphasizes discipline, repetition, and following a consistent model, and notes fundamentals are more useful as higher-timeframe context while intraday trading remains focused on inefficiencies and PD arrays. The session ends as Michael leaves for family time
In a live trading community conversation, a participant asks where the market-controlling “algorithm” is hosted (CME/NY4/NSA involvement). Michael (ICT) responds that no one can prove or tour a central location, says he personally doesn’t believe it’s in the United States, and argues the best “evidence” is repeated precision in price behavior at specific levels and times. He insists the algorithm is based on open/high/low/close, dismissing range bars, tick charts, Renko, and similar chart types, and says markets must be controlled to prevent collective speculation from destabilizing critical markets like treasuries.
The discussion touches on silver’s recent volatility as an example of the algorithm “turning up the dial” where attention is highest, and mentions possible future shifts in volatility depending on metals contract expirations and geopolitical events such as a war with Iran affecting energy prices. A participant speculates Switzerland; ICT says that would be “close,” references major settlement institutions, and notes Switzerland as a place where “high seats” are.
The conversation then shifts to community trade recap and mentorship topics: members discuss hitting bearish and bullish targets, unmitigated settlement prices, and ICT concepts across timeframes (including five-second and fifteen-second charts), with emphasis on higher-timeframe context like the weekly open and a weekly doji/compression on a Friday news/opex day.
Another speaker praises ICT’s earlier remarks about prop firms, arguing many traders become dependent on prop rules and affiliate marketing, and warns firms can change rules and deny payouts. ICT reiterates that traders should invest in themselves using free material, avoid chasing shiny promises from props/gurus/courses, backtest simple ideas like time-of-day highs/lows, and focus on understanding the repeating logic behind his PD arrays rather than seeking gimmicks or social-media validation.
He describes teaching as a legacy for his children, references trading with his son Cameron observing levels being hit in real time, and frames the community space as a supportive forum where traders share struggles and learn paths toward consistency.
ICT delivers an explicit, confrontational monologue arguing that online prop firms are untrustworthy, operate like Ponzi schemes, and routinely change rules to avoid payouts while encouraging financially stressed people to keep paying for evaluations with credit cards. He criticizes traders and educators— including some of his own students—who promote prop firms via affiliate codes, comparing them to enabling bartenders and “friendly neighborhood drug dealers,” and claims monetized opinions become compromised. He says he has no affiliations with brokers or firms and refuses sponsorships so he can speak freely, calling all brokers and prop firms dishonest.
Citing his sons’ experiences, he says Caleb repeatedly failed to “beat” prop rules and Cameron only received a small payout after the speaker intervened; he urged Cameron to stop using prop firms, get a job, and trade a regulated live account instead. He describes forcing Cameron to work (including DoorDash) to build a $10,000 regulated brokerage account and reports Cameron grew it to about $12,600 in under two weeks and plans to wire out $2,500, emphasizing small, disciplined trading (one micro contract, no trading on some days) over chasing large payouts.
He advises viewers to avoid prop firms, save at least $5,000, practice a repeatable model on demo properly, then transition gradually to live trading with minimal size, especially given he says current markets are unusually difficult and manipulated. He predicts coming litigation against prop firms, recounts a past Ponzi scheme example and other frauds to illustrate the mechanism, and closes by urging prop firms to treat customers fairly and viewers to stop funding them and stop gambling.
ICT explains how winning streaks can create overconfidence (“Midas Touch”) that leads traders to increase leverage and then suffer demoralizing losses, so he recommends building “plateaus” by scaling down after a set number of wins (e.g., after five winning trades, drop to the smallest size) to reduce drawdowns and emotional damage. He promotes an income-based approach using one micro contract, targeting consistent weekly percentage gains (e.g., 7.5%) and illustrates with a live, real-money example of making over $400 on a small account using liquidity targets and inversion fair value gap entries. He advises using circuit-breaker rules after losses, accepting imperfection, avoiding rushing into larger markets, and preventing “scar tissue.” The discussion briefly shifts to disaster preparedness (hurricanes, power/internet loss) and how such stress would likely halt trading, then broadens into concerns about societal instability and control, urging practical readiness.
Kitt says an X Space was repeatedly disconnected (“rug pull”) despite attempts to add co-hosts, and apologizes to Michael and listeners for the connection issues.
After reconnecting, the conversation recalls Michael’s earlier points about trusting oneself, manifestation, and faith in the Lord, including the phrase “the Lord inhabits the praise.”
A listener asks whether current conditions resemble the Great Depression, referencing grandparents’ lessons on canning, gardening, hunting, sewing, and self-sufficiency; Michael says history often leads to disorder and war, argues crises are planned with solutions pre-made (citing COVID as an example), and urges preparation, humility, and using money as a tool to fortify family and help others rather than flaunting wealth online.
Michael shares a personal story of becoming briefly homeless and sleeping in his car with his child due to financial decisions made under pressure, using it to warn that desperation and life circumstances can disrupt trading even when the skill exists, and that people should be able to sustain themselves without trading for long periods.
A caller from Detroit, Raffi, says he is unemployed, doing DoorDash, using prop firms, and facing tax foreclosure; others challenge his “victim mindset” and emphasize that trading from desperation leads to gambling and losses, advising him to prioritize stable work, focus on accumulating knowledge, and use demo/drills rather than trying to save his situation with trades. Michael asks details and learns Raffi has owned his home seven years, owes about $5,000–$6,000 in taxes, earns about $150–$180 on a good DoorDash night, has five children total (four at home), and his wife does not work; Michael advises getting additional income, resting, and securing housing first because “trading won’t go away, but your house can go away.”
Another speaker offers help and suggests a personal loan plan for the tax amount, and multiple speakers recommend showing up to construction job sites with tools, finding a second/night-shift job (e.g., concierge/front desk), and delaying live trading until life pressure is reduced. The group reiterates Michael’s approach of keeping trading simple with very small size (e.g., one micro and modest daily targets) and compounding over time. The host notes ongoing connection problems, thanks everyone, ends the Space, and says they will do another next Friday and welcomes thoughtful screenshots with questions for follow-up.
– ICT reviewing recent live sessions and outlining his teaching approach: focus on real-time price behavior, highlight key levels, and train students to build their own models rather than follow trade calls blindly. – He will take short breaks from day trading to rest but will continue teaching; students should not panic—markets repeat and learning is a long process. – Emphasis on discipline and risk management: remove risk when you feel off or fatigued, avoid treating one trade as your entire career, take partial profits before moving stops, and accept that mistakes and drawdowns are normal. – He encourages independent analysis—use his commentary to accelerate learning but also trust what you see on your own charts (order blocks, fair value gaps, breakers, etc.). – Argues markets are largely algorithmic/manipulated rather than purely driven by classical supply & demand (especially indices/currencies). He uses a card-deck analogy: a “mechanic” (market operator/algorithm) rigs the deal, so understanding that operator gives an edge. – Gives examples from a recent session where expected gaps and support levels filled/failed, showing how time filters and warning signs tell him when to reduce exposure. – Criticizes social-media noise and urged students not to be swayed by flashy gurus; testing his concepts yourself is the right approach. – Learning his methods takes time and focus; do not overtrade or partner with someone whose discipline you can’t trust. He teaches to equip each trader to be “an army of one.” – Overall: remain patient, disciplined, study price structure and the instructor’s concepts, manage risk, and test ideas rather than blindly following calls.
Quiz
1) Which days did ICT say he would take away from the charts? A. Tuesday and Thursday B. Monday and Friday C. Wednesday and Saturday D. He said he would not take any days off
2) What did ICT advise about trading in the days leading up to non‑farm payroll (NFP)?
A. Trade aggressively—volatility makes it easier
B. Only use options strategies
C. Avoid engaging price action in those days
D. Increase position size to capture the move
3) Which analogy did ICT repeatedly use to describe price action and market activity?
A. Ocean tides
B. A clock mechanism
C. A deck of cards being shuffled
D. A factory assembly line
4) According to ICT, supply and demand is a real factor for commodities but is an illusion for which markets?
A. Commodities only
B. S&P and currencies (e.g., ES and FX)
C. Bonds only
D. Options markets only
5) What did ICT recommend a developing trader do when they realize they can’t find their footing or feel “off”?
A. Double down on positions to recover losses
B. Remove risk—close or reduce positions
C. Trade as usual but increase leverage
D. Add a partner to manage trades for you
Answer Key with transcript evidence
Q1: B
Evidence: “Monday and tomorrow Friday’s Trading I’m going to take those days away from the charts” (transcript 0:01:02.579–0:01:15.119).
Q2: C
Evidence: “I’m telling folks not to try to engage price action it’s the days leading up to non‑farm payroll” (transcript 0:07:10.740–0:07:23.039).
Q3: C
Evidence: “think of that as cards” / “price is absolutely like a deck of cards being shuffled” (transcript 0:23:26.220–0:23:33.000 and 0:55:08.760–0:55:13.700).
Q4: B
Evidence: “supply and demand is an illusion… but there really is no supply and demand for s p… and the currencies which has no real supply and demand factors associated either” (transcript 0:28:15.179–0:28:40.580 and 0:28:43.500–0:28:49.640).
Q5: B
Evidence: “the best thing you can do as a developing student… remove risk. even if you’re in a trade just remove it close it” (transcript 0:13:41.760–0:13:52.139).
– Purpose and schedule: ICT’s launching live mentorship sessions beginning February 7, 2023 (YouTube/Twitter). Sessions will be frequent (about twice weekly) and focus on real-time chart work, narration, and top-down analysis.
– Teaching goal: Build a clear, repeatable blueprint for profitable trading by teaching tape/price-action reading (not indicator reliance). The aim is to make students independent traders, not copycats.
– Market & timeframe: Instruction will use one primary teaching medium — the E-mini S&P (ES). Focused intraday trading window: New York session, roughly 9:30–noon (most setups resolve by ~11:00). He’ll show how to translate the lessons to other instruments/timeframes later.
– Methodology: A top-down workflow — weekly → daily → intraday (1–5 minute) — with emphasis on PD arrays (order blocks, fair-value gaps, old highs/lows, volume imbalances) as the structural guides for entries, exits and narrative building.
– Risk, size and money management: New traders should use very small, controlled risk (he suggests ≤1%, often much less — e.g., 0.5% or micro sizes). Use demo environments to practice with realistic stops before risking live capital. Never chase or over-leverage to “fix” drawdown.
– Psychology & discipline: You must know yourself (impulses, fear, greed), set clear goals and daily limits (when to stop), and learn to accept and manage losing trades. Journaling and disciplined self-talk are crucial to rewire behavior and reduce anxiety.
– Expectations & timeframe: Learning to read price and internalize the method takes time — expect months to a year (not weeks). He promises unique, repeatable lessons but does not guarantee constant monetary profits.
– Behavior & community guidance: Don’t publicly broadcast or copy trades; avoid distractions like social-media posturing and “chasing the Joneses.” He discourages relying on other people’s screenshots, hot-takes or short-term signal-chasing.
– Practical format: Live sessions will show chart annotations, forecasted levels, and reasoning for bias. If you can’t watch live, reviewing the recorded live charts and doing the post-session case study/hypothetical entries will still teach the same lessons.
– Scope limits: He will not focus on crypto and will limit teaching primarily to ES (though the concepts apply across futures, FX, stocks). He won’t hand-hold or provide “quick-fix” systems — students must show up and do the work.
– Teaching ethos: He values long-form demonstration and iterative learning (many small building blocks). He will show when his analysis fails and how to respond unemotionally; the goal is to remove bad habits and reduce self-inflicted losses.
Bottom line: commit to the year, trade one market and model, practice in demo with strict risk limits, journal and develop discipline. The mentorship will walk you through top-down price-action methods, live examples, and emotional management so you can learn to read the tape and build a durable trading approach.
1) When does ICT say the live mentorship sessions will begin? A. January 2, 2023 B. February 7, 2023 C. March 1, 2023 D. April 15, 2023
2) Which market does ICT choose as the primary teaching medium for the year?
A. Forex (EUR/USD)
B. Crude Oil
C. E-mini S&P 500 (ES)
D. Bitcoin
3) What daily time window does ICT set as the primary intraday trading focus for the live sessions?
A. 7:00–9:00 New York time
B. 9:30–noon New York time
C. 1:30–4:00 New York time
D. 3:00–4:00 New York time
4) What maximum trade risk does ICT mention hypothetically for the setups discussed?
A. No more than 5%
B. No more than 2%
C. No more than 1%
D. No more than 0.1%
5) Which analogy does ICT repeatedly use to explain how traders should build their trading model?
A. A musical composition
B. A home (choosing the house/style you’ll live in)
C. A car race
D. A scientific laboratory
Answer Key
1: B
2: C
3: B
4: C
5: B
Evidence from the transcript (with timestamps)
1 — Live sessions begin Feb 7, 2023:
– “the live sessions that will begin February 7th 2023” (0:01:59.759–0:02:06.000)
2 — Teaching medium: E‑mini S&P 500:
– “I’m choosing to trade only the standard and poor is 500.” (1:51:09.660–1:51:15.059)
3 — Primary intraday window 9:30–noon (New York time):
– “we’re using the es the e-minning s p that’s our Market and we’re focusing our attention on 9 30 to noon” (2:50:51.540–2:51:03.180)
– “this is your window this is what you’re focusing on … shade that all the way over to noon” (2:57:43.319–2:57:46.560 / 2:58:28.380–2:58:37.080)
4 — Risk no more than 1% hypothetically:
– “and we’re risking no more than one percent hypothetically if we’re looking at the moves” (3:00:36.120–3:00:41.040)
5 — Trading-model as a home analogy:
– “consider your successful trading your successful Endeavor as a Trader much like a home” (0:02:46.019–0:02:55.500)
– “your trading system … it needs to have a structure … what type of house do you want” (0:02:51.120–0:03:01.860)
– Main lesson: disciplined trade management and emotional self-management are more important than finding a perfect entry. Use stops, take partial profits, and never reopen risk after you’ve trimmed a position.
– Practical rule: when you trim risk (take partials and trail your stop), commit to the new stop. If the trade begins to feel wrong (physical anxiety, pacing, vocal frustration), follow a written protocol: peel off size, reduce to the smallest position, then close entirely if the discomfort persists.
– Trade example: on Friday ICT accumulated a long into a fair-value gap, took partials as price stalled, trailed the stop to protect risk, and ultimately was stopped out after further retracement. He had no regrets because he followed his rules.
– Charts and timeframes: don’t zoom in too tightly or trade from a phone. Show multiple timeframes (daily, weekly, 4H, 1H, 15m, 1m) to understand context and avoid misplaced decisions from narrow views.
– Market types: learn to distinguish low-resistance liquidity runs (fast, “hot knife” moves) from high-resistance liquidity runs (choppy, stair-step moves that often retrace and run stops). Manage expectations and sizing accordingly.
– Psychology: trading exposes ego and emotional weaknesses. Admit when you’re wrong, avoid trading for clout or public approval (live-streaming increases pressure), and don’t let social media dictate risk-management choices.
– Process: preserve capital as priority. Have a visible, rehearsed checklist for what to do when trades become uncomfortable. Trading is a skill requiring practice and self-discipline; expect losses and learn from them.
– Market context: current markets are unusually choppy because big institutional players are cautious; expect noise, sudden purges of liquidity, and occasional retracements (e.g., Friday retrace into weekly range).
– Teaching commitment: the speaker will continue showing real execution and trade-management examples (mentorship begins Feb 7) to help students build consistent, disciplined trading.
Quiz:
1) According to ICT, what is his rule after he trims risk on a trade? A. Move the stop loss back toward break-even immediately B. Never move the stop loss back once it’s been trimmed C. Open the stop loss wider to give the trade more room D. Remove the stop loss entirely
2) What does ICT say about trading or doing analysis on your phone?
A. It’s fine to make major trading decisions on your phone
B. Only trade on your phone if you have a funded account
C. You should not be trading or doing full analysis on your phone — it’s a recipe for disaster
D. Phones are the best way to manage stop losses on the go
3) When ICT feels himself (or sees a trader) become high‑strung, anxious or physically uncomfortable in a trade, what does he recommend doing?
A. Add to the position to prove you’re right
B. Move the stop further away and hope it runs
C. Take partials / reduce risk and, if it persists, close the trade and walk away
D. Live‑stream and ask followers for advice
4) How does ICT describe a “high resistance liquidity run” compared with a “low resistance liquidity run”?
A. High resistance runs are fast “hot‑knife” moves; low resistance runs chop and consolidate a lot
B. High resistance runs chop, consolidate, retrace and can run stops; low resistance runs move quickly and cleanly (like a hot knife through butter)
C. There is no practical difference between them
D. Low resistance runs always lead to full trend reversals
5) What is ICT’s stated first rule or primary principle in trading when unsure?
A. Chase every potential big move
B. Preservation of capital — when in doubt get out
C. Never take partials so you can max out winners
D. Rely on complex heat maps and DOM reads
Answer Key with transcript evidence:
1) Answer: B. Never move the stop loss back once it’s been trimmed.
Evidence: “I don’t move my stop loss back once I once I trim the risk this is one of the rules that you want to have going forward in your trading as well” (00:00:36.180–00:00:47.640).
2) Answer: C. You should not be trading or doing full analysis on your phone — it’s a recipe for disaster.
Evidence: “you shouldn’t be trading on your phones… you should not be ever making financial decisions in your Trading with applications on your phone… trading from your phone yeah that’s a recipe for disaster” (00:05:24.600–00:06:21.660).
3) Answer: C. Take partials / reduce risk and, if it persists, close the trade and walk away.
Evidence: “if you feel that tug of war that’s affecting your focus… that’s the surest sign that you need to take something off” (00:26:33.419–00:29:00.900). Also: “if it doesn’t start panning out… start peeling it off… take it down to the smallest position… if that doesn’t subside then you close the trade and have no regrets about it” (01:59:09.300–02:00:38.940).
4) Answer: B. High resistance runs chop, consolidate, retrace and can run stops; low resistance runs move quickly and cleanly.
Evidence: “High Resistance liquidity runs have much more deeper retracements they tend to consolidate a lot they chop around then move a little bit… that is a high resistance liquidity run” (00:17:36.900–00:17:58.980). And: “in a low resistance liquidity run signature I can run them for a full pool… low resistance… it’s going to move like a hot knife through butter” (01:41:33.540–01:41:49.260 & 01:41:59.280–01:42:14.000).
5) Answer: B. Preservation of capital — when in doubt get out.
Evidence: “that’s number one rule always preservation of capital” (00:06:57.300–00:07:03.900). And later: “first rule… preserve capital when in doubt get the [__] out” (02:07:29.119–02:07:32.300).
– ICT explains why he didn’t call out every detail during a complex, focus-demanding PM session: the price action was very choppy and required undivided attention, and such environments are stressful and not suitable for most traders to trade in. – He emphasizes studying live annotated examples (screenshots/video with commentary) and journaling trades—this is the best way to learn to recognize repeatable setups and build intuition. – Key teaching: trade only in high-probability conditions (low-resistance liquidity runs) and avoid trading when the market is neutral/choppy. When unsure, “sit on your hands” — don’t force trades. – Practical workflow: mark specific price levels and candles, screenshot and annotate them, then backtest and review. Specific ES daily levels he highlighted to watch: 4030.75 (recent target), sell-side pools near 4000 / 3996.75, and a favored downside level at ~3982.50 (derived from Jan 13 wick midpoint and Fibonacci). Also track Jan 13 low and Jan 9 high. – Risk & position management: prefer pyramiding from a larger initial partial (example model: 6 → 3 → 1 to build to ~10 contracts; experienced traders may scale to 18). Beginners should start with one contract and learn scaling gradually. – Psychological guidance: recognize three roles inside a trader—analyst (model/rules), trader (manager), gambler (emotion). Suppress the gambler, follow the analyst, and refuse to trade for ego or social-media clout. – Critique of social media: many “gurus” post replayed/cherry-picked content; live documentation and annotated study are what actually teach repeatable skills. – Outcome promise: with disciplined study and practice you’ll learn to identify biases and execute profitable setups (expect to reliably find at least one meaningful setup per week), though it takes time and effort. – Logistics: he’ll be offline tomorrow morning and plans to reconvene in the PM session; students should study the named daily levels through London and into the next session.
Main takeaway: prioritize annotated study and journaling, trade only when the market presents clear high-probability signals, manage risk and pyramid slowly, and cultivate discipline to sit out unfavorable, choppy conditions.
Quiz:
1) Why did ICT say he was not pointing out specific levels during the PM session? A. He forgot to prepare charts. B. He was engaged and it was very focus-demanding, making multitasking difficult. C. He didn’t want students to copy trades. D. The market was closed.
2) Which method did ICT call “the highest form of journaling”?
A. Keeping a handwritten notebook of trades.
B. Recording yourself trading and annotating the chart (fluid entry, management and exit).
C. Saving broker statements monthly.
D. Relying on market replay videos.
3) What pyramiding entry sequence does ICT describe as his common model?
A. Start with one contract and double each subsequent entry.
B. Start with six contracts, add three on the second entry and one on the third (three positions pyramiding to ~10 contracts).
C. Always trade a single contract only.
D. Use random position sizes depending on mood.
4) What is ICT’s stance on holding positions over the daily trading break / overnight?
A. He prefers holding overnight to capture large moves.
B. He avoids holding overnight because of unpredictable gap risk.
C. He holds overnight only on Fridays.
D. He uses overnight holds only for small accounts.
5) When the daily chart shows no clear high‑probability directional bias, what does ICT advise?
A. Increase lot sizes to force a profitable outcome.
B. Sit on your hands — be patient and avoid trading until probability improves.
C. Copy whatever social‑media gurus are posting.
D. Remove stop losses and hope for recovery.
Answer key with evidence:
1) Answer: B
Evidence: “Well, obviously you can see by my recording, I was engaged and it was very focus demanding.” (0:00:34.320–0:00:42.960) and “it was very uh very hard for me to you do more than one thing at a time…” (0:00:45.040–0:00:55.120).
2) Answer: B
Evidence: “That fluid entry management and exit that is absolutely the highest form of journaling because you’re actually doing the process. You’re annotating the chart as it goes.” (0:03:46.400–0:03:56.319) and “Once you do it a few times … it’s a great way to journal too.” (0:03:20.640–0:03:29.760).
3) Answer: B
Evidence: “The one I go to for all of you most of the time is I start with six contracts and then I’ll split that for my second entry to pyramid by position. I’ll go in with three contracts dropping that down into one contract on my third partial. So, I’m pyramiding in three positions to one trade to a 10 lot or 10 contract position.” (0:16:25.040–0:16:48.720).
4) Answer: B
Evidence: “Admittedly, I don’t like to hold over during that break because anything can happen… And that’s what makes me love more than anything now that I am a proficient day trader in not being willing to hold overnight. I don’t I don’t want to do those types of things anymore. It’s too much risk. The gap risk in doing that…” (0:13:46.959–0:14:11.519).
5) Answer: B
Evidence: “I don’t have a clean read on a directional bias… I can see no real easy directional reach … I’m neutral… I have no idea what to expect going into tomorrow.” (0:39:30.960–0:40:14.720). And: “Where am I in terms of my analysis? I’m in a position of paralysis. I can’t make a call. So if I can’t make a call, I have to sit on my hands and do nothing.” (0:50:54.000–0:51:06.800).
