Summary — “When being right is no longer enough”

– Main idea: Trading success comes from a consistent, rule-based process and risk control — not from repeatedly “being right.” True readiness for live trading is when you’re indifferent to individual outcomes and focused on following a proven model.

– Mindset and process: Build the analyst inside you through backtesting, tape-reading, demo trading and walk-forwards. Trade only when your timing, selection and bias align; treat each entry as a controlled experiment, not a scorecard.

– Risk management is primary: Never risk too much (suggestion: ≤1% per trade). Overleverage creates anxiety, poor decisions and account blow-ups. Start with the smallest real-money size you can tolerate and scale up slowly as you become “bored” with the outcome.

– Practical rule when anxious or “in trouble waters”: remove risk — take half the position off (or close if you can’t partial), move the stop to better-than-break-even, then walk away for at least 10 minutes to let adrenaline/cortisol dissipate. This preserves capital and mental clarity.

– Partials work: Taking partial profits protects equity and lets you be “wrong” but profitable. This is how you graduate to holding larger runners later.

– Predicting vs reacting: Good traders anticipate where price will go (liquidity, old highs/lows, fair value gaps, time-of-day) rather than mindless knee-jerk “reacting.” Reading price action is effectively predicting the likely path.

– Execution habits: Write a plan for each trade (targets, partials, stop rules). Follow SOPs rather than impulses; let the trained analyst guide decisions instead of the gambler or retail emotional voice.

– Emotional management: Recognize physical signs of panic (rapid breathing, palpitations, tingling). Use breathing/physical activity and the partial-close rule to reset. Don’t broadcast or ruminate on losses — journaling and disciplined self-talk help.

– Avoid noise: Ignore opinionated influencers who give no proof. Focus on learning models that produce repeatable results and on your own recorded, live practice.

– Long-term aim: Move from pursuing “being right” to pursuing excellence — precision in execution, risk control, consistency and continual refinement of your craft. Over time, disciplined process yields profitable outcomes as a byproduct.

Quiz

1. According to ICT, when is a trader likely ready to start trading with live funds or a funded account?
A. When they can predict every candle perfectly
B. When they are no longer chasing being right and can read price action consistently
C. When they double their demo account in one week
D. When they can trade only during news events

2. What does ICT say should happen if a trader enters a trade and then realizes it is no longer a viable setup?
A. Add more size to recover quickly
B. Hold until the trade returns to entry
C. Abort or close the trade and accept the result
D. Move the stop farther away and wait

3. In a live trade, what is ICT’s recommended response when a trader feels anxious, disoriented, or uncertain?
A. Keep watching and hope the trade comes back
B. Take half the trade off, or close it if partials are not possible
C. Open a second trade in the same direction
D. Ignore the feeling and increase leverage

4. What does ICT say is the main difference between a developing trader and a consistently profitable trader?
A. The profitable trader is always right
B. The profitable trader never uses stop losses
C. The profitable trader is not holding their career hostage to one trade’s outcome
D. The profitable trader only trades one market

5. What does ICT identify as the clearest indication that a trader is overleveraging?
A. Trading only in demo accounts
B. Feeling stressed, unable to hold the trade, and questioning whether to get out
C. Taking partial profits too early
D. Using a written trade plan

Answer key with evidence

1. B
Evidence: “when you’re able to read price action and you’re gonna see it and anticipate it and know what’s likely to occur next and it happens most times and you’re doing it consistently” [0:01:23.580-0:01:35.100] and “when you are no longer… influenced about pursuing being right” [0:01:54.299-0:02:05.040]

2. C
Evidence: “you do what is appropriate you abort the trade you turn it off close it it’s done whatever loss whatever result you accept it” [0:03:25.500-0:03:41.580]

3. B
Evidence: “the answer to that is take half off” [0:34:40.500-0:34:48.839] and “if you can’t do a half, then you close the trade” [0:35:51.000-0:35:57.320]

4. C
Evidence: “our Endeavor is to be consistent” [0:04:38.220-0:04:43.139] and “they’re not holding their entire career help by the results of that one transaction” [0:11:11.519-0:11:15.000]

5. B
Evidence: “if your trades are stressful you’re trading too big your risk is too much” [0:50:01.560-0:50:11.700] and “if it’s hard for you to hold a trade and you’re questioning whether you should get out that is always a factor with over leveraging” [2:02:38.880-2:02:49.800]

Summary — key points and takeaways

– Context: Mentor’s weekly talk about trading, market events, and mindset following a volatile week (non-farm payrolls and a major bank failure).

– Macro risk warning: Recent bank trouble highlights real counterparty and liquidity risks (FDIC limits/delays). Expect market turmoil, potential bank runs, capital controls and accelerating moves toward central bank digital currencies — prepare accordingly.

– Trade timing: Avoid or be extremely cautious trading around high‑impact events (NFP, FOMC, CPI). Thursdays/Fridays and payroll weeks can be disrupted by human intervention; the first 30 minutes of the session often set critical levels.

– Skill building over shortcuts: Learn to read price, market structure, gaps and fair value gaps. Practice incrementally (journal, backtest, demo) until you can execute consistently.

– Process and risk management: Treat trading like a business — a repeatable process, disciplined risk and money management, modest daily objectives (e.g., “five handles” in the ES) rather than seeking big, emotional wins.

– Psychology is central: Replace negative self-talk with constructive affirmations; guard against FOMO, overconfidence, and emotionally charged trading. Losses are normal — how you respond (stop, journal, reinforce discipline) matters.

– Practical training plan: Use demo/paper trading and repeated baseline exercises (drawdown then recover) to build experience and emotional resilience before using live capital.

– Opportunity in adversity: Difficult markets will “cull” uninformed retail traders; those who train now can create a reliable secondary income or full replacement income and help others.

– Community and mentoring: The speaker values student progress, live examples, interviews with real traders, and encourages active participation (chart screenshots, journaling) rather than passive consumption.

– Tone and encouragement: Progress is incremental and sometimes boring — consistency beats excitement. Show up, do the work, and you’ll be prepared when market stress increases.

Quiz

1. According to ICT, what is one reason he avoids trading on Thursday and Friday during non-farm payroll week?
A. Prices never move on those days
B. There is too much intervention and disruption
C. The market is closed
D. He prefers only weekend trading

2. What does ICT say is the main goal of learning to trade?
A. To buy luxury cars
B. To impress other traders
C. To prepare yourself to live a better life and build another income stream
D. To avoid all losses forever

3. What does ICT say a winning trade should feel like?
A. A life-changing event
B. A participation award, nothing to emotionally charge
C. A reason to increase risk immediately
D. Proof that you should stop learning

4. What does ICT say you should do if you have a losing trade and feel emotional?
A. Double down right away
B. Post about it on social media
C. Stop trading, exercise discipline, and reset with positive self-talk
D. Ignore it and keep trading the same size

5. According to ICT, what is the “superpower” traders are developing?
A. Predicting the news
B. Writing your own checks and controlling your own income
C. Never needing to study charts again
D. Finding the perfect indicator

Answer Key with Evidence

1. B. There is too much intervention and disruption
Evidence: “I don’t like to trade on Thursday and I don’t like to trade on the Friday” and “there’s too much intervention there’s too much hand in the in the cookie jar moving things around” (around 0:01:02 to 0:34:48)

2. C. To prepare yourself to live a better life and build another income stream
Evidence: “why are you learning how to do this trading thing to prepare yourself to live a better life” and “to potentially Harvest a potential secondary income” (around 0:03:00 to 0:05:00)

3. B. A participation award, nothing to emotionally charge
Evidence: “every one of your trades you win needs to be simply that it’s a participation award” and “you do not champion a winning trade” (around 1:26:23 to 1:27:17)

4. C. Stop trading, exercise discipline, and reset with positive self-talk
Evidence: “I’m going to stop here and before I lose control of myself I’m going to exercise discipline” and “replace it with something positive” (around 1:02:06 to 1:02:53)

5. B. Writing your own checks and controlling your own income
Evidence: “what’s the superpower by the way what is this superpower the ability to write your own checks” (around 0:27:53 to 0:28:02)

Summary:

– ICT opens with a personal confession: he uses live sessions as therapy, struggles with bipolar mood swings and impulsiveness, and is trying to condition himself to behave more consistently in public while continuing to mentor traders.

– Purpose: he’s offering free, live, practical mentorship to teach students how to read price and “predict” likely market moves by studying real-time price structure, not relying on generic indicators or get-rich promises.

– Teaching approach and proof: he emphasizes showing concepts live (tweets, spaces, streams) so students can witness forecasts unfold (“through the looking glass”). He claims high consistency and gives students real examples and evidence rather than abstract theory.

– Core trading concepts taught: PD arrays (fair value gaps, breakers, order blocks), market-maker accumulation/distribution models, liquidity runs, tape-reading and multi-timeframe context. He stresses understanding why price moves, not just entry patterns.

– Practical training plan: start small and build confidence — use a $10k demo and one mini contract; aim for small, repeatable targets (five-handle moves, content with three) to condition judgment and emotional control; practice backtesting by observing past price action and logging outcomes.

– Risk management & psychology: respect risk (position size, stops, partials), avoid overleveraging and impulsive “last-trade” gambling, accept losses as part of the process, and develop coping mechanisms for performance anxiety and emotional biases.

– Warnings about the industry: be skeptical of gurus, flashy “get-rich-quick” pitches, algorithm-box sellers and signal services. Many public streamers lack repeatable evidence; don’t take social-media noise as a trading journal or guidance.

– Career/money advice: don’t quit your job too soon; build capital and a cushion (suggestions like $100k+ for trading capital) before relying solely on trading income. Use funded accounts cautiously — skill and capital matters.

– Community and plans: he’s inundated with students wanting interviews; plans to run weekly student interviews to showcase real results and routines. He encourages disciplined study, daily backtesting/observation, and owning a single PD array that fits your personality.

– Final message: learning to trade is hard, slow, and personal. Do the work (study charts, journal, backtest, practice small trades), be patient, ignore trolls, and adopt the practical, repeatable habits he teaches to become consistently profitable.

Quiz

1) According to ICT, what should a new trader focus on first?
A. Finding the best news headlines
B. Learning one setup and conditioning themselves with it
C. Trading as many markets as possible
D. Copying other traders’ exact entries

2) What target does ICT recommend for developing traders to start with?
A. 1 handle
B. 3 handles
C. 5 handles
D. 20 handles

3) Why does ICT say traders should study old price data and back test?
A. To memorize every historical candle
B. To prove the market is random
C. To build familiarity with patterns and condition the eye to recognize them
D. To find exact future news events

4) What does ICT say about trying to quit your job too early after a big trading win?
A. It is always the best move
B. It is safe if you use funded accounts
C. It is one of the worst mistakes because it adds pressure
D. It makes you a professional trader immediately

Answer Key:

1) B Evidence: “all you need to be able to do is find one setup” and “what it is that your personality is best equipped for” (around 1:22:58–1:23:08 and 2:25:56–2:26:01)
2) C Evidence: “five handles as a starting point I think is realistic” (around 2:37:59–2:38:06)
3) C Evidence: “what you’re doing is you’re activating your particular reticular activating system” and “you’re looking through price and tell me what you see” (around 1:55:35–1:56:04)
4) C Evidence: “quitting your job too quickly is one of the worst mistakes you’re gonna make” and “you’re going to play so much pressure” (around 2:45:37–2:45:46)

Summary:

– Technical problem: The speaker lost live-stream audio during the euro/dollar segment and plans a follow-up recap (Shotgun Saturday) to cover missed one-liners and analysis.

– Euro/dollar / Forex analysis: Emphasized the London and New York “killzone” behavior, a bearish breaker and a “Judas swing” that purged buy-side liquidity. Using a Fibonacci/standard-deviation method (SD -3) identifies expected daily lows; when those time and price references align (e.g., London close and SD target) the daily range is effectively formed.

– Stock-index (E-mini S&P) analysis: Discussed fair value gaps, consequent encroachments, and intraday setups. Described a 1-minute / 15-minute / hourly template and how he used it live to call price behavior around the NY open (9:30), including a Judas swing, divergence between S&P/NDX, and a subsequent sell program. Walked through coaching his son live and execution/management lessons.

– Trading process & setups: Teaches specific, repeatable setups (fair value gaps, order blocks, breakers, liquidity hunts). Advocates simple, repeatable rules: small positional sizing (one contract), tight risk (five-handle stop), trade the pattern that repeats daily rather than chasing large random runs.

– Tools and pedagogy: Uses TradingView for shared charts but cautions about its lag and refuses to rely on indicator automation for everything — he draws and filters levels manually. Encourages students to study prerecorded core content and practice tape reading before risking live funds.

– Demo vs live trading: Defends teaching in demo/paper accounts as the right way to learn price structure unemotionally. Warns that trading live too early brings outcome anxiety and ruins discipline; recommends mastering setups in demo/micros first and proper money management.

– Market thesis: Argues markets are largely algorithmic/scripted—price is referred back to known levels and time windows (not purely random). Claims this explains recurring intraday patterns and precise deliveries to ticks; criticizes most retail indicators and popular “pattern” methods as misleading.

– Criticism of industry/competitors: Dismisses many retail methods, indicator packages, and self-styled “market makers” as misunderstanding how price is delivered. Emphasizes evidence he provides by calling moves live and teaching students who reproduce results.

– Practical advice & opportunity: Emphasizes building the skill set (tape reading, pattern recognition, risk control) rather than chasing gimmicks; suggests a realistic path to consistent returns by harvesting repeatable small wins and scaling only when disciplined.

– Macro/personal warnings: Offers strong, personal views on geopolitical/financial risks — skepticism about crypto as an escape, concerns about Central Bank Digital Currencies and loss of privacy/control, and warnings of supply-chain and societal stress. Advises preparing household essentials (food, water, meds) and practical readiness.

– Personal/contextual notes: The speaker is fatigued but committed to transparency; shares anecdotes about coaching his son, family, sleep habits, past calls (Bitcoin), and the intensity of his live teaching approach. He invites students to commit to a year of focused study and promises repeated, demonstrable evidence.

Overall message: Focus on learning repeatable, evidence-backed market structures and risk management (demo-first, small size, tight stops). Markets show recurring, algorithm-driven patterns he teaches and proves live; mastering these can create consistent, scalable results — even amid larger macro uncertainty, where personal preparedness matters.

Quiz

1) What did ICT say about the purpose of the new week opening gap?
A. It acts as a random chart drawing
B. It is used to inspire large fund sentiment and fair value
C. It only matters on weekly options
D. It is unrelated to liquidity

2) What stop-loss size did ICT repeatedly recommend for the setup he described?
A. 1 handle
B. 3 handles
C. 5 handles
D. 10 handles

Answer Key:

1) B Evidence: “it is utilized to inspire large fund sentiment… it’s going back to these levels because it is utilized to inspire large fund sentiment” (0:18:00–0:18:25)
2) C Evidence: “you have to use a stop loss that’s no larger than five handles” (1:52:00–1:52:03)

Summary:

ICT is giving a blunt lecture about discipline, patience, and how to learn tape reading properly.

Key points:

– Tape reading is for observation and learning, not for taking live, demo, paper, or funded trades. Do not “push the button” during these sessions.
– Wait the first 30 minutes (the opening range). Use it to see which side (buy/sell) the market favors before forming a bias.
– Focus on price action, reaction to levels (order blocks, fair value gaps, volume imbalances, PD arrays), and time windows. I point out moments for you to screenshot, study later, and log in your journal.
– Journal and review screenshots privately; record observations and 50%/partial rules rather than trading impulsively. Positive self-talk and private review condition your subconscious to recognize real setups.
– Avoid chasing quick wins, bragging on social media, or treating certificates/funded accounts as the end goal. Consistent, long-term profitability is the aim.
– Emotional impulses, impatience, and ignoring instructions are the main reasons students fail. Trading to soothe feelings or impress others is destructive.
– The “Jade master” story: submit to the process, build patience and familiarity with the market (the green rock analogy); experience teaches recognition.
– The mentor is serious and frustrated: follow instructions, take notes, practice daily, and accept that progress is slow and repetitive; those who persist will learn, those who don’t will fail.

Bottom line: slow down, observe, take notes, develop disciplined habits, and prioritize learning the process over immediate trades or social proof.

QUIZ:

1. What did ICT say the first 30 minutes of trading represent?
A. The closing range
B. The opening range
C. The overnight gap
D. The lunch session

—

2. According to ICT, what should traders do during tape reading?
A. Push the button when they see a fair value gap
B. Place live trades immediately
C. Observe price action and not trade
D. Follow RSI and MACD signals

—

3. What did ICT say about taking trade entries during the 9:30 to 10:00 time window?
A. It is the safest time to enter
B. It is always a guaranteed win
C. It is gambling if you are pushing a trade entry
D. It should be done only on funded accounts

—

4. What did ICT say happens when three PD arrays fail?
A. It confirms a strong long entry
B. It likely goes the other direction
C. It means the market is flat
D. It proves the setup is invalid forever

—

5. What does ICT say should be in a trader’s journal?
A. Only winning trades
B. Public screenshots for social media
C. Positive self-talk and observations, kept private
D. Predictions for the next month’s market

—

Answer Key:

1. B Evidence: “the first 30 minutes … that’s the opening range” *(around 0:05:01–0:05:13)*
2. C Evidence: “what I’m teaching you to do is observe price action” and “don’t push the button” *(around 0:02:18–0:02:45)*
3. C Evidence: “if you’re trying to push a trade entry within 9 30 to 10 o’clock you’re gambling” *(around 0:01:50–0:02:04)*
4. B Evidence: “if three PD arrays fail that’s problematic on a bias or a directional view on price and it’s going to most likely go the other direction” *(around 0:32:32–0:32:51)*
5. C Evidence: “in your Journal … you record those things you keep them personal private” and “you’re giving yourself positive self-talk” *(around 0:02:53–0:03:06 and 0:25:47–0:25:58)*

Summary:

– ICT recounts how early reading (Jack Schwager’s Market Wizards; especially Larry Williams) inspired a long search for genuine “market wizardry” rather than typical retail indicators and methods.
– He explains his breakthrough: studying price action and reversing common retail assumptions to identify institutional footprints—concepts he names such as order blocks, breakers, mitigation blocks, fair value gaps and optimal trade entry.
– ICT emphasizes precision and repeatability: using opening/weekly ranges, floor pivots, seasonal tendencies (citing Steve Moore), futures opening gaps and inter-/intra-market relationships to forecast where price will gravitate and to locate high-probability entry/exit levels.
– He criticizes mainstream trading books, indicators and courses as often ambiguous or form-fitting, arguing they don’t reveal the algorithmic, institution-driven mechanics that actually move markets.
– Practical advice: learn when NOT to trade; distinguish low-resistance (fast liquidity runs) from high-resistance environments; manage risk, position size and psychology to avoid blowing accounts; be patient with realistic expectations—mastery takes years.
– Teaching approach and claims: he shares live, minute-by-minute examples as proof, offers free content rather than paid signal services, and says his methods give repeatable foresight though not instant superpowers for students.
– Personal context: he describes obsessive, analytical study, a difficult upbringing, and bipolar challenges—framing his work ethic, willingness to teach, and warnings about social-media-driven ego/trading.
– Tone and community: proud of a tight-knit following, confrontational toward trolls and competitors, and optimistic that those who study his methods will gain empowerment and consistent edge over retail approaches.

Quiz

1) According to ICT, what does a true “market wizard” look like?

A. Someone who uses many indicators and can predict every market move
B. Someone with precision, accuracy, foresight, and a higher strike rate than average
C. Someone who takes very large risks and wins big on one trade
D. Someone who only trades when moving averages agree

—

2) What did ICT say he learned from Larry Williams’ work?

A. That candlestick patterns are the best tool for every market
B. That the best trades come from random entries
C. That open interest, accumulation/distribution, commitment of traders, and premiums are useful tools
D. That volume alone is enough to trade successfully

—

3) Why does ICT say he reverses retail logic when analyzing price action?

A. Because retail logic is always correct and should be followed exactly
B. Because he wants to do the opposite of what retail traders are told to do
C. Because he only trades news events
D. Because he prefers random entries over structured analysis

—

4) What does ICT say he wants to know about seasonal tendencies?

A. Only when they work
B. Only which books mention them
C. When they are not going to work so he knows when they are going to work
D. Whether they can replace all other market analysis

—

5) What does ICT say the end goal of the mentorship is for students by November?

A. To become rich overnight
B. To be able to predict every candle perfectly
C. To confidently know when not to trade and be still
D. To copy ICT’s exact trading size and style

—

Answer Key:

1) B Evidence: “to me that conjures up ideas of precision accuracy foresight higher strike rate than the average Trader” *(around 0:10:52–0:11:03)*
2) C Evidence: “his smart money tools open interest accumulation distribution commitment of Traders and premiums” *(around 0:26:35–0:26:58)*
3) B Evidence: “I need to stop right then and there and flip the script… look for what would exist at the opposite Spectrum” *(around 0:18:28–0:19:00)*
4) C Evidence: “I want to know when they’re not going to work and by knowing that I know when they’re going to work” *(around 0:34:56–0:35:03)*
5) C Evidence: “what is that it is that you will confidently know when not to do anything and be still” *(around 1:22:49–1:23:00)*

Summary — key points and main ideas

– Speaker discusses funded prop-account challenges and how he’ll coach his 18-year-old son (Cameron) through one. He insists on teaching process over chasing big, fast wins.
– Main trading philosophy: treat trading like a business — preserve capital, be disciplined, and avoid gambling/over-leveraging.
– Practical method to pass a typical $50k funded evaluation:
– Trade one contract only (vastly reduces emotional stress and risk).
– Use small stop losses (aim ≤5 handles) and realistic targets (e.g., 3–5 handles per trade).
– Break a 6% profit target ($3k) into manageable chunks: $750/week = 15 handles (e.g., three 5-handle wins, or two 7.5-handle trades).
– Use morning/London/New York sessions; be selective; don’t force trades around news or bad conditions.
– Minimum preparation: be consistently profitable in demo for about three months before attempting a funded/live account.
– Coaching style: strict, corrective — he’ll let his son fail in controlled ways so he learns, then corrects mistakes (common newbie mistakes: chasing price, buying at premium, trading too many contracts).
– Strong warnings against social-media “get-rich-quick” trading, copy-trading, and treating demo/live the same; many influencers promote unrealistic returns.
– He refuses sponsorships/affiliations so his teaching remains independent and candid; cautions that brokers and platforms have flaws.
– Broader, urgent personal message: speaker believes major geopolitical/economic disruptions are coming (supply-chain shocks, changes to money systems, CBDCs, bank controls, social unrest). He urges preparedness.
– Practical preparedness advice: stock non-perishable food, medicines/prescriptions, spare eyeglasses, batteries, toiletries, basic hardware/home security, and a plan for family safety. Be pragmatic rather than panicked.
– Final tone: caring, blunt—he wants listeners to learn disciplined trading to create a secondary income and to prepare practically for potential societal shocks, emphasizing time is limited and action is better than complacency.

1) In ICT’s guidance for a funded prop challenge, what was the recommended number of contracts to trade?
A. Five contracts
B. Three contracts
C. One contract
D. Ten contracts

2) What profit target did ICT say to aim for on the $50,000 funded account challenge?
A. 2%
B. 4%
C. 6%
D. 10%

3) What did ICT say is the best baseline stop loss size for this approach?
A. Less than 1 handle
B. 5 handles or less
C. 10 handles
D. 20 handles

4) According to ICT, what is the weekly approach to reaching the $3,000 objective?
A. Trade all five days and aim to make $3,000 every day
B. Divide $3,000 across four weeks and target $750 per week
C. Try to get all $3,000 in one trade
D. Wait for one huge 30-handle move

5) What did ICT say is the correct way to overcome fear of entering trades?
A. Switch to live trading immediately
B. Increase position size slowly
C. Practice in demo and use small, controlled experiments
D. Trade only during news events

Answer Key:

1) C Evidence: “we’re not doing five contracts we’re not doing four we’re not doing three we’re not doing two we’re doing one” [1:10:57–1:11:00]
2) C Evidence: “The Profit Target on the fifty thousand dollars is six percent which is three thousand dollars” [0:52:47–0:52:52]
3) B Evidence: “five handles or less I think that’s a good Baseline” [0:37:04–0:37:12]
4) B Evidence: “you have a three thousand dollar profit Target… four weeks divide that up that means in each week you have to make 750” [1:16:42–1:16:49]
5) C Evidence: “how do I overcome the fear… you push a button in a demo” [1:41:44–1:41:59]

Summary — “The Measure of the Tape” (Shotgun Saturday, Feb 18, 2023)

– Core idea: learn to “measure the tape” — read real price action and order flow, not indicators or pattern superstition. Let price tell the story; wait for clear, time‑of‑day signals before trading.
– Three unavoidable uncertainties traders must accept: Black Swan events, the unknown Sunday/new‑week opening gap, and the unknown new‑day (6pm) opening gap. These create gap risk and require discipline.
– Practical framework: form a higher‑timeframe bias (e.g., risk‑on/risk‑off indicated by the Dollar Index), then use intraday templates (15‑min / 1‑min) and annotated levels (new‑week opening gaps, daily volume imbalances, fair‑value gaps) to watch how price behaves.
– Key price signals to act on: shifts in market structure, runs on stops, and breakers — not hindsight patterns. Extend important daily/weekly imbalance levels through the week and trade around them.
– Tools & workflow: keep separate chart templates for specific tasks, toggle TradingView to RTH (New York time), use 15‑min for intra‑week context and 1‑min for live tape reading; keep a notepad/journal rather than cluttering charts.
– Teaching point: pick one PD/array setup that fits you and master it. Students develop at different paces; hindsight recognition will precede real‑time skill.
– Week review example: prior bias (risk‑off, dollar higher) predicted CPI‑driven manipulation and subsequent moves; following the annotated imbalances explained the week’s consolidation and later expansion.
– Philosophy & delivery: Michael will livestream and teach publicly every trading day through mid‑November to demonstrate methods live and for free — no future paid mentorships planned. He emphasizes proving concepts transparently (what he calls “no safety net”).
– Personal motivation: he’s sharing long‑held institutional knowledge to help others prepare for hard economic times, encourage disciplined practice, and promote purpose‑driven use of trading profits (giving, humility).
– Behavioral advice: focus on disciplined study, keep a trading journal, avoid chasing image/instant wealth, trade for realistic goals (even modest recurring income helps), and develop generosity and character alongside skill.
– Logistics: no live trading on Monday (bank holiday); a prerecorded lecture will be posted. Continue following the daily live sessions and reviews to build real‑time tape reading skills.

QUIZ

1) According to ICT, which of the following is NOT one of the three specific uncertainties traders must embrace?
A. Black Swan events
B. Where Sunday price opens
C. The exact size of your position
D. Where the gap opening price at 6 PM will be

2) Why does ICT say he no longer speculates as much on Sundays or holds many weekend trades?
A. Because liquidity is always higher on Sundays
B. Because there’s too much gap risk over the weekend
C. Because indicators are more reliable on Sundays
D. Because market makers stop trading on Sundays

3) How does ICT define the “new week opening gap” (NWOG)?
A. As a random intraday level that rarely matters
B. As fair value: a static value between Sunday open, Friday close, and the midpoint
C. As only relevant in trending weeks and not in consolidations
D. As an indicator-generated signal from moving averages

4) What did ICT state about charging for mentorships as of February 18, 2023?
A. He will begin charging more for mentorships
B. He will resume charging a small fee next month
C. He will absolutely never charge for a mentorship ever again
D. He plans to offer paid mentorships to select students only

5) What TradingView display setting does ICT recommend toggling to see New York session gaps clearly?
A. Keep default ETH (Electronic Trading Hours)
B. Switch to RTH (Regular Trading Hours)
C. Use UTC timezone only
D. Disable all session filters

Answer Key and evidence

Q1 Correct answer: C
Evidence: “so in your notes you want to write this down there’s three uncertainties that you have to embrace … number one Black Swan events … the second is we do not no one knows … where the new week Sunday price opens … number three where the gap opening opening price at 6 PM will be” (timestamps: 0:02:54.720–0:04:36.800)

Q2 Correct answer: B
Evidence: “this is the reason why I don’t speculate as much on Sundays anymore I don’t do a lot of the over the weekend holding of Trades anymore because there’s too much Gap risk” (timestamps: 0:06:58.139–0:07:11.759)

Q3 Correct answer: B
Evidence: “new week opening Gap is fair value it’s a static value between the opening price on Sunday and the closing price on Friday and the midpoint of that which is consequent encroachment those three specific price levels are going to be very very sensitive throughout the spectrum of a trading week” (timestamps: 0:32:56.880–0:33:19.860)

Q4 Correct answer: C
Evidence: “it’s February 18 2023 Michael Huddleston will absolutely never charge for a mentorship ever again I’m never doing it I’m never doing it” (timestamps: 1:23:05.940–1:23:16.760)

Q5 Correct answer: B
Evidence: “toggle that and trade it to I’m sorry switch it to rth regular trading hours and when you toggle that and trade it to … you’re going to see all the new new date Gap more or less converge within those two volumet balances” (timestamps: 0:58:38.339–0:58:51.720)

Summary — key points and main ideas

– Purpose: ICT teaches order-flow trading using naked price action (primarily one‑minute candles) to read how institutional algorithms deliver price — not relying on indicators, volume-profile, DOM ladders, or retail chart patterns.

– Core method: Read each one‑minute candle in relation to the prior candles. In a buy program every down‑close candle should “support” price (act as a stepping stone); in a sell program every up‑close candle should resist. Use these candle relationships to judge whether price is continuously being delivered toward liquidity (old highs, buy stops, fair value gaps, volume imbalances).

– Liquidity focus: The market is driven toward real orders — buy‑side liquidity above relative highs and sell‑side liquidity below relative lows. Learn to identify liquidity pools, fair value gaps and volume imbalances; these act as magnets for price and are more important than textbook retail patterns (flags, head & shoulders, Elliott, etc.).

– Practical tools / setup:
– Create minimal chart templates: “new week opening gap” (Friday close → Sunday open) with a rolling four‑week lookback; and “new day opening gap” (5pm close → 6pm open). Extend those levels on your chart.
– Keep charts uncluttered so you can see price, time, and where price reaches into fair value.
– Use one‑minute charts covering the full trading day (9:30–16:00 NY) so you can see session structure and liquidity relationships.
– Use Fibonacci expansions/standard deviation settings applied to meaningful intraday swings to project likely extension targets (speaker demonstrates this to justify targets like 4101.50 and 4104.25 on a sample day).

– Session structure and sizing:
– Start by hunting consistent, small, repeatable moves — a five‑handle run is the baseline learning target (repeatable daily). Build from there to larger moves as your skill and conviction grow.
– Pick a specialty (morning or afternoon session) and become a specialist in that time window.

– Execution & risk management:
– Don’t rush stops or move them prematurely. Use stops as your safety net; train to trust the structure and give trades room.
– Pyramiding and position sizing should reflect where the run sits relative to equilibrium/target (early/mid/upper quarters).

– Mindset, discipline & journaling:
– Watch live price action without monetary attachment — learn first, trade later (demo when instructed). The instructor will give live demo guidance later; don’t treat his commentary as a signal service.
– Journal constructively: screenshot/print a one‑minute chart, pencil observations (what worked, what didn’t), and write encouraging, principle‑oriented notes rather than frustration.
– Be patient: don’t expect to replace a job in a week. Build consistent setups and repeat them.

– Market context & risks:
– Consolidation is normal; geopolitical events can create manual interventions/black swans — these are risks you cannot predict.
– Algorithmic/institutional behaviors create highly repeatable micro‑structure patterns; learning these gives an edge.

– Teaching tone & commitment: ICT is passionate, blunt, and insists students put in focused work. He emphasizes responsibility (no signal provision), deep practice, and promises transformation if students follow the process.

Overall takeaway: Learn to read live one‑minute price action and institutional market structure (liquidity pools, fair value gaps, volume imbalances). Use simple, uncluttered templates (new‑week/day gaps, last‑four‑week view), focus on repeatable small wins (five handles), journal constructively, specialize in a session, and build conviction before trading live.

QUIZ:

1) According to ICT, what defines the “new week opening gap”?
A. The difference between Monday’s open and Friday’s open
B. The difference between Friday’s close and Sunday’s opening price
C. The difference between the prior week’s high and low
D. The midpoint between Monday’s high and low

2) What is ICT’s definition of the “new day opening gap” (NDOG)?
A. The difference between the previous day’s high and low
B. The difference between the 5 PM closing price and the 6 PM opening price (New York time)
C. The difference between the overnight average and the midday price
D. The difference between the morning session open and afternoon session close

3) Which statement best reflects ICT’s view on using extra tools (volume, DOM, ladders, indicators) for reading order flow?
A. They are essential and superior to price action
B. They are sometimes helpful but mandatory for success
C. They are unnecessary; naked price action and candle relationships suffice
D. They should be used exclusively instead of candles

4) In a buy program (bullish order flow), what does ICT say every down-closed one-minute candle should do?
A. Signal immediate reversal to new lows
B. Support price and provide constructive feedback for continuation higher
C. Be ignored in favor of volume numbers
D. Act as a definitive stop-loss trigger for buyers

5) What baseline target per session does ICT recommend beginners use as a measure of progress (handles)?
A. 1 handle per session
B. 5 handles per morning or afternoon session
C. 20 handles per session
D. 50 handles per week only

Answer Key and Transcript Evidence

Q1 Answer: B. Evidence: 0:03:11–0:03:24 — “utilized the importance of knowing what that new week opening Gap is and that is always going to be Friday’s closing price to whatever the opening price is on Sunday”

Q2 Answer: B. Evidence: 0:12:25–0:12:46 — “that is the difference between the 5 PM closing price on the s p … that closes between five o’clock and reopens at 6 pm eastern time … new day opening Gap is the difference between the closing price at 5 PM Eastern Time … and 6 PM opening price”

Q3 Answer: C. Evidence: 0:11:21–0:12:03 — “you don’t need to have volume or the number of contracts recorded or shown inside of every individual candle… that’s irrelevant… you don’t need anything like that at all… you’re looking for levels of Premium to discount time oriented Concepts”

Q4 Answer: B. Evidence: 0:24:47–0:25:00 and 0:26:41–0:26:47 — “every down closed candle should support price” / “every down closed candle should support any return back on the new candle”

Q5 Answer: B. Evidence: 0:39:54–0:40:07 and 0:46:04–0:46:12 — “you’re looking for five handles as your initial Baseline measurement for progress” / “five handles right now is easy for you to learn to do”

Summary — key points and main ideas:

– Purpose and format: ICT will run live, instructional market sessions (starting Tuesday, twice weekly through the second Friday of November) to teach real-time price analysis and trading decision-making. Sessions will include top-down market analysis (monthly → 15-minute), daily evening reviews, and transparent post-session charts/annotations (potentially published on TradingView).

– Teaching focus: He contrasts “traditional technical analysis” (many indicators, competing theories) with his practical approach (“technical science”) that emphasizes time, price, liquidity, and how large participants move markets. The goal is to teach repeatable signatures and narrative-driven biases that generate high-probability entries.

– Learn by observing and journaling: Students must watch live, record observations immediately, and keep a detailed trading journal. The speaker stresses that personal, time-stamped notes produce the most valuable learning resource — a unique trading “book” nobody can copy.

– Demo-first, not live-first: Strong warning against starting with real money. Learn market structure, risk management, tape‑reading, backtesting, and demo-trading first to desensitize emotional reactions. Trading live too early breeds toxic fear/greed behavior and long-term scars.

– Practical simplicity and transferability: The methods shown on ES (S&P e-mini) apply across instruments and timeframes (stocks, Forex, cash markets). You don’t need multiple screens or complex setups — focus on a small set of reliable signatures (fair value gaps, breakers, liquidity hunts, precision entries).

– Risk management and trade management: Emphasizes modest, realistic risk sizing early, using partial exits (partials pay) and pyramid entries that stand on their own. Protect capital, take partial profits, and avoid “all-or-nothing” thinking.

– Psychological development: Trading exposes personal character flaws (impatience, impulsiveness, fear). The program aims to build independence and disciplined mindset so you can trade without emotional interference or codependency on mentors/signals.

– Beware influencers and image: Many social-media “gurus” offer bad advice (e.g., skip demo, jump into live). Don’t copycat; test methods yourself and judge by consistent, documented evidence, not image or hype.

– Outcomes and practical goals: With disciplined application, students can develop a reliable skill set to cover living costs (e.g., car/home payments) and grow accounts. The speaker encourages realistic, modular goals and repeated practice rather than get-rich-quick thinking.

– Commitment required: Results depend on the effort you put in — tape-reading, journaling, demo practice, and attending live sessions. The teacher’s aim is to make students independent traders by year’s end, not to create lifetime dependency.

Overall message: Learn a streamlined, evidence-based approach to price action driven by liquidity and narrative; practice patiently (demo and journaling), manage risk and emotions, and you can become a self-reliant, consistently profitable trader.

QUIZ:

Q1. How often does ICT say he will run live sessions during the year?
A) Daily
B) Twice per week
C) Once per month
D) Only on weekends

Q2. What does ICT recommend about starting to trade with live money?
A) Start immediately with live money (smallest account)
B) Use only funded accounts from day one
C) Learn the basics, tape‑read and demo first — do not skip demo and rush into live
D) Always trade with the maximum leverage available

Q3. Which market does ICT say he will focus on as the primary medium for teaching?
A) Forex majors only
B) Commodities (oil, gold) only
C) The S&P / e‑mini and index futures (applicable across markets)
D) Cryptocurrency markets

Q4. What sequence of learning does ICT advise before committing real capital?
A) Trade live first, then read books
B) Learn basics and risk management, tape‑read, back‑test, demo, then (gradually) live
C) Only follow social‑media signal providers
D) Learn only indicators and moving averages

Q5. What is ICT’s position on taking partial profits (“partials”)?
A) Partials are stupid and reduce your R
B) Partials are important—”partials pay” and are a reliable way to capture gains
C) Partials should never be used by professionals
D) Partials are only for gamblers

Answer Key:
Q1: B Evidence:
– “so we won’t be doing any more live sessions after that but it’ll be two two per week” (0:07:39.539–0:07:44.400)
Q2: C Evidence:
– “we’re focusing primarily on the S P because you only need one market” (0:18:28.919–0:18:35.700)
– “everything that I’m going to be teaching over the medium of the e-mini s p is absolutely applicable to stocks it’s applicable to Forex it’s applicable to cash markets” (0:12:31.680–0:12:41.339)
Q3: C Evidence:
– “anybody tells you skip a demo and go right into live Trading … aren’t [__] subscribe never listen to that [__] again period” (1:15:55.320–1:16:01.520)
– “don’t [__] trade with live funds until you know how to [__] trade” (1:27:05.880–1:27:09.719)
– “the proper procedure is learn the basics about the marketplace learn risk management then then tape read not demo tapered study real Market action back test look at old moves study in great detail Law Journal” (1:22:00.120–1:22:19.620)
Q4: B Evidence:
– “learn the basics about the marketplace learn risk management then then tape read not demo tapered study real Market action back test look at old moves study in great detail Law Journal” (1:22:00.120–1:22:19.620)
– “once you see with Tape reading over and over again week after week you have at least 60 percent of your expectations come to fruition then only then go into demo” (1:33:03.900–1:33:17.820)
Q5: B Evidence:
– “partials pay” / “partials never fail in pain ever think about that” / “there’s never been a partial profit that never [__] paid profit … that’s a hundred [__] percent” (1:43:30.239–1:44:02.460)
– “every Trend that I’m looking to take I want at least two partials before I get to my Terminus” (1:47:07.619–1:47:17.400)