Inside ICT Student's Mind Vol. 1 | BTC Live Price Action Reading
okay welcome everyone i want to do this different type of video i want to show you how what happens in my brain basically when i read price during light market conditions and look for potential setups okay so we have this trend line right here and we're looking at today's sunday no replay buttons being pressed time is a little bit past one and the time matches on my computer also so you can see everything is real time we're looking at bitcoin and as a class that i don't really like trading i just observe it but just to show you that a lot of people want to really get into crypto trading that a lot of things that michael talks about they do work in crypto too the only thing is that the price delivery is not as refined in crypto as it is in forex let's say or index futures that's why i don't really trade it either that much only i've i think i've had like only in the last year only took like maybe four trades on crypto when it was very clean that's it and only have most brokers have wide spreads on crypto only have one broker that's as low spread for scalping anyway so this high was broken and i think this high is important because price are retracing took out this loan this low and we have a trend line so that's liquidity i think price should drop below this trend line and we are in a premium market right now if we look from this uh i always mix this up so let's say here we are actually right at the premium you can see from this swing high to this one low i think we should see lower prices if we go on a five minute chart you see that we have you have an imbalance right here and we have an imbalance right here so this was also no worse imbalance i would just have it here you can see a lot of price action happen here so i would just have it in my mind so this looks good um again i'm looking for potential shorts okay so this looks too clean this fine this high so what i'm thinking is maybe price can just spike one more time inside that imbalance and then sell off just to take out this heist inside the five-minute imbalance and go lower let's see if we can get that you can see that this imbalance i outline was very important there's a lot of price action here and you could potentially this is again this was actually a short trade like one balance here overlapping the based on what i showed you here based on what i showed you on my youtube channel the inception model this was the scalp overlapping fair value gaps yep those are a few scalps if you have a tight spray broker here and here well definitely here at least you would be take some partials below this low and move your stop to break even well again this is inside so whatever we are talking about something is happening right now let's see i'm not convinced yet that we want to just drop because these highs are just too clean i would like them to be traded through and then price i want price to go lower after that let's see if we can get it again this is just me trading on it completely and that's a class that i don't really have much experience in but the same logic the same logic applies let me zoom in a little bit did we break this high actually i don't think we did so they have this candle to 49.72 49 oh it did actually buy a little bit okay it's hard to see but and you can see the higher this candle went up went up by a few cents but still not enough so yeah i would like to see a reaction higher and then a potential drop and that will be your potential short above this area let's see if we can get that and i'm not going to trade it this is just a hypothetical trade reason price section live i'm actually taking a break from trading until june uh also the audio quality should be much much much better in this video because i finally repair popular requests i got a microphone uh because previously i was just recording using my laptop um you know my laptop speakers and microphones so should be much better anyway let's see what we get all right it depends on how we reject this imbalance looks like we could potentially just not revisit this area let's see yeah this is why i said pricex on crypto is not as refined if this was let's say forex i would like it to spike just above and then go lower let's see but again if we don't get that we just look for confirmations that price indeed wants to turn around let me see how it looks on the five minute chart okay so maybe this spike was enough because it did trade above this high maybe this is my spike was indeed enough and let's see if we can get some kind of retracement because this looks actually good this pretty strong move down this looks good rejecting this imbalance and if this high was at least if this candle closed at least spiked a little bit above then i would consider this as a potential short here but because it like barely touched it i was hoping for c to see higher prices and then drop let's see what we get let's see if we can get some kind of retracement back inside of the the slow imbalance so i don't want to chase price just wait if it just keeps rolling over and drops without going into an imbalance and it's just a missed opportunity just didn't really completely um the trade idea did not meet our criteria mm-hmm okay let's see if price now can come back inside the imbalance and then if it does it'll be a hypothetical short and i feel like price doesn't want to come up above those highs based on what i'm seeing here okay let's see all right this will be a hypothetical short let's say it's not going to be yeah whatever let's just say here and you stop should be enough yes i think we don't need to revisit them so see how i'm kind of on the go i'm switching ideas i mean i'm still bearish but i'm looking at price how it i was anticipating price to go above this area but based on what it did here and how it rejected this candle here this imbalance i don't think we need to and the fact that this candle didn't it was indeed a little bit higher than this one just hard to see um i think again we should see lower prices and this is not even well you can this is not going to be the best entry but this is an entry that you can work with and just to show you that we can get a pretty good risk reward on this one too even if we just short here so i think we could potentially go to this trend line but that i don't know because i'm not really experiencing trading this asset class i don't know how long it might take if we're gonna get there but we have relatively cool lows here um and i think it's important because even though this wick right here went below this low it just you know tagged it by a tiny bit so this to me is still relatively close very i think price is going to want to drop below this area so i do like what i'm seeing here we also have this bullish candle which is basically your order block and uh let's see if this will be with the current stop loss this will be a nice four point four history award trade that's very good um it will make sense to take partials and be around when price gets inside this imbalancer out to tomorrow and at least move your stop list to break even that's at least that's what i would do as a scalper as a short-term trader um that's what i would do and then um i would take some portion of it off and then let it ride okay so let's put this back here i like what i'm seeing um okay so far so good we do have also engineered liquidity in in forms of another one-minute short-term lows let's see um so hopefully guys this is um again helpful maybe even more helpful than just watching my live trade recordings because again i'm talking kind of to myself but i'm really talking to you trying to explain what happens in my brain how on the fly i am changing certain um i'm adapting to the market so to speak again i'm not changing my bias right i like i didn't want to go long and then all of a sudden i'm going short no i'm still bearish but based on the market market what the market gives me based on the current price action i'm adjusting as to when do i want to enter a certain setup again this is a completely different asset class so um just to show you that it works on crypto too everything michael teaches man it's seriously we are incredibly blessed a lot of people don't understand fully how blessed we are that we have this kind of information it's just a matter of the person to actually go and uh start using it applying it and uh you know building up experience all right this is good you can see that the one-minute lows were taken this is good yeah it's not going to happen overnight you have to sacrifice you have to go through certain periods of suffering and maybe man i wanted to quit so many times i don't even know seriously after blowing accounts after like i lost my very first funded account i wanted to quit also um well actually no i didn't want to quit but i wanted to i was let's say i was very upset and i only lost it again because i violated the daily drawdown because of greed i was actually in pretty big profits i did not close them and um well again then they trade turned around and i lost my funded account so yeah and but before that i wanted to quit many times and uh it's really a matter of if you don't quit if you keep going if you keep applying man the 2022 mentorship is really golden if you think about it there's so so much there's so many ways to trade it really just based on ict's model there's a lot of ways you can refine it and tweak it based to your person and based on your personality so many sense and hopefully the inception model that i'm sharing with you guys on this channel is also you know some of you will find it useful and again price price and time and fractal so if you can't trade the one minute chart uh you can trade the maybe one hour chart and just go down down to a 15-minute chart refine it and place a trade and uh you know check every few hours or so how it's performing but everything that's working on the one minute chart is going to work on the daily or 15 minute chart in any time frame so you can scale it however you want just the beauty of being a short-term trader is that you there's so many opportunities on the one-minute chart that i can literally go for my two three-hour trades several times a day that's how i can quickly build up accounts without even using huge risk because i can literally be i know three four trades a day two three yeah all right so what i'm seeing here is good right we are i like this drop and i really hope this will be um beneficial for you guys let's see how the five-minute chart looks like hypothetical trade i'm not trading it not even on a demo account i'm just i'm relaxing until june but i'm still um trying to give some kind of content that will benefit even if even if just one person sees something that he hasn't seen before um after watching my videos and you know i'll be happy i'll be happy because when i was coming up i didn't really have um this type of content available i had to put things together i had to really listen to what michael says kind of read between the lines and i found the model i found several models that work for me and yeah all right let's see i don't want to see price go retrace higher too much i just want it to roll over we're already what is that 18 minutes since we started talking about this okay notice also that basically what we're doing now is just building another pool of liquidity relatively close let me maybe move this around and so far so good we really had only what from our hypothetical entry 200 202 to oh so 23.21 in um drawdown that's pretty good that's pretty good right and again i did not want to have in such a tight stop i could have put it here but um i just wanted because first it's crypto it's an asset class and again price action is delivered not as pristine as in other asset classes and i just wanted to allow myself for the possibility of being around the price might want to spike again and then reverse so i had to stop my stop was my original stop right here right okay let's see again we are basically selling we're shorting at a premium market right yes premium market notice how this imbalance is basically right at the equilibrium and we this is why we had we we had a lot of price action here this is very nice again for maybe a scalp here like here um and again if you have a tight spread broker maybe if i was seeing this live if i wanted to trade crypto you can absolutely maybe take partials below this lows and then you just get stopped out so you still make a little bit of money but because it's imbalance with pretty much at equilibrium it's still an area where price uh well that's why price really came back to the premium because to this imbalance right here but the probability of the trades here are obviously lower but once you get better with region price i mean i would personally again this is like this is a nested imbalance i would and this is really the nested imbalance pretty much right here and even here surprise did in fact trade in it and so nice reaction if you sold this at least put your stop listen break even after it take um takes out this low maybe this trade just took you i'll break you in but this trade let's say you enter here also um i would take partials just because we have a low and two lows here violated so i'll take partials here somewhere around here and then also get stuff down again just kind of talking to myself by really trying to explain to everybody my thought process all right this is looking good and like i said price did not trace much and started dropping let's see if we can keep the momentum going oh this might be a long video here 22 minutes already well now you can always speed it up a little bit maybe a 1.25 should be fine i don't think i speak too quickly so you should be able to understand and especially now with the better microphone um should be good so where's our um so maybe around here i'll put my stop and break even not yet not yet and uh take a hypothetical partial profit let's see again everything is done in real time this is the time on trading review may 15 see all matches well there's really a few seconds difference see i'm a few seconds away in the future so there you go you caught me i am a scammer i'm from the future and that's how i know what price is going to do okay i like this let's remove this lipstick here yeah i think this video will be a good foundation to start a playlist of um something like being inside the red pill's mind um this is really how you can learn especially if you want to be a short-term trader okay i think we should see some move lower soon so i've been just consolidating right at that imbalance okay this is good so we are at right now what hypothetical 1.6
so this is where i can put my stop at break even so this is already a risk-free trade well i mean by breaking when i mean you can put it like a few points and um a few points in profit really so let's see so regardless this is a break-even trade uh i mean a risk-free trade regardless of what happens but i do want to see some i don't think i'm going to wait for you know for price i'm not going to record all this way because it's definitely taking a lot of time i don't want to wait for price to i'm not going to record until price gets here if in fact it gets here i just want to hopefully press c price going lower and then i'll stop the recording if we get a hypothetical partial and then um by the time i publish this video maybe i'll publish it on monday definitely you know price is going to move it will either take you know take me out or it will in fact go lower and you can see it for yourself what happened so in the worst case scenario i think we should be this trade will be again it's free trade and we should get a partial and pay ourselves hypothetically pay ourselves something out of this so yeah also another point and a component is just don't disregard partial profits um yes technically if you take partials your risk to reward uh goes lower but again you're in the business of making money you're not here to impress anyone you make you want to make money for yourself taking partials man by the end of the week and even by the end of the months if you have traits that hit your breakeven but you took even a little bit of a little a small portion off paid yourself it all adds up it all adds up so pay yourself you can make money by being wrong that's the idea you don't have to not every trade will go exactly as you want it to be uh but you can be profitable by being wrong that's a paradigm shift again by taking partials um again at this point the trade is risk-free so i wanted i really wanted to drop a little lower it's taking longer than i would have liked but again this is crypto so um let's see again by taking partials man it really helps a lot by the end of the months especially we'll see how many trades stop you outbreak human but um you took something off paid yourself it's it's nice let me see how this looks on the 13-minute chart okay again it makes sense to anticipate there will be price action a lot of price action in this area because of this imbalance and you know literally at the equilibrium pretty much so yeah this is a little bit annoying and this could have just dropped a bit more outside okay this is where i would take partials but we can see some kind of retracement yeah i'm definitely not going on a 30-second chart it's not needed so yeah that's our sunday trading on crypto um but to be honest if you are good if you really understand at some point when you find a model that works for you and you can make the majority of your money in uh trading forex or index futures throughout the week there's really no reason for you to be trading crypto you want to have rest from the markets you need that mental break just to recharge and have a clear mind it's very very important that's another reason i don't really trade crypto because i just don't want to look at it on the weekend i want to you know relax and do other things so yeah this price action is a little bit ugly to me a little bit ugly now let's this video is already half an hour long so i want to really i'm hoping for price to just drop to where i have my partial profit so i can just stop recording and then we'll see what happens afterwards and i want to publish this video on monday but this time definitely you know i'm other right and either i'm right price goes lower or price takes me out and then this hypothetical trade okay what do we have here and then the relatively close now this is actually good okay let's drop more ah that's annoying all right good good good awesome awesome okay so right here right here this would be i think that's the 2r right so right here just pay yourself pay right here 2r take something off beautiful absolutely beautiful this is good ok so the idea is to go below these lows and potentially go even lower to hit this trend line right let's see but even if it goes like here eventually this will be again this would be a great trade just to cash out completely so already if you were in actually trading this with live funds um this would be just a nice little something uh on a sunday if you really if you're bored and you have nothing else to do if you want to trade you paid yourself and who cares what happens next you paid yourself um you know i call it grocery money depending on your position size of course and what you do but taking partials yeah why not so at this moment i'm going to stop the recording because we've been already over half an hour long it's 35 minutes and uh you can always check what happened afterwards in the market let's see but i hope i really hope this was beneficial for you to kind of be inside my mind and see what is it that i'm looking for what defines a good trade for me and yeah i'll see if i can do more of these going forward and i'll talk to you guys next time take care
2022-05-20 03:07
