ENDS SERIES
2022 ICT Mentorship
Disclaimer: None of the contents within this PDF should be considered
professional advice. It is merely for entertainment purposes only.
If you have been following me on YouTube lately, you know that I help Traders reach their full trading potential.
The aim is to be the bridge between who Traders currently are and who they want to become.
With that being said, the concepts mentioned in belong to "The Inner Circle Trader".
https://www.youtube.com/c/InnerCircleTrader
All the information within this PDF can be found on The Inner Circle Trader's YouTube Channel.
Braveheart Trading
Dedicated to Freedom and for Reaching Your Full Trading Potential.
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After studying the ICT YouTube Mentorship relentlessly,
You should be able to plan, enter and manage a trade.
"Ends" is a YouTube series that provides a more practical approach to how trading can impact your real-life situation.
This series will give you a practical approach to trading with Live Funds.
THE PROBLEM:
ENDS HAVE TO BE MET
THE PROBLEM: ENDS NEED TO BE MET
Income is the source of money you have to work with every month.
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Each month you have ends and bills to meet.
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Income is your only working resource to make ends meet.
Living Expenses:
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Living Expenses drain "Income".
•
Many times living expenses are built upon bad decision-making.
Lifestyle Expenses:
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Many people tend to live above their income even though they cannot maintain it.
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Placing Lifestyle OVER Living Expenses is the #1 reason why you are struggling to make
"Ends".
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This will also carry over to your trading and impact your trades and decision-making
process.
WHAT ARE YOUR ENDS?
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What does your life cost each month?
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Figure out each and everything that you are paying each month
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Consider if those “expenses” are necessary or not.
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Then determine a monthly budget.
• Excess Expenses = Unnecessary Stress
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Stress impacts your trades and decision-making process.
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Poor decision-making leads towards entering bad trades that you regret seconds later.
• Complete the Following
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Write down every expense that has to be met by the end of the month.
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Sort out each expense into an “Required Expense” or “Excess Expense”.
INCOME TO MONTHLY EXPENSES
•
An “end” within this list is causing you to stumble
within your Trading Career.
•
Find out what is causing it because that is the source
of making bad trading decisions.
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Categorize each expense with the following:
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Know which expense is a “NEED/MUST”
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Know which expense is “excess and trim it.”
THE BATTLEFIELD
Every time you are trading, you are bringing your ENDS with you.
Those ENDS cause emotions such as:
•Stress
•Fear
•Uncertainty
•Anxiety
ENDS have to be met however you have to DISCONNECT from
the emotions that come with ENDS.
Ask yourself the following:
“What is a required expense of mine that can be easily achieved?”
I.e - Food Expenses ($300)
Your goal in “The Battle eld” is to meet that single goal ($300) every month.
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I.e - Food End’s September 2022:
Week 1: $75
Week 2: $75
Week 3: $75
Week 4: $75
Creating small achievable goals such as this one is what you are striving as an Aspiring Trader.
Everyone is sold the idea that they will become millionaires within 1 year of trading.
Instead, try focus on progressing with baby steps such as paying off your least demanding expense.
Overtime, slowly but surely, you will be able to start paying off more ends that need to be met.
I.e - Ends in September 2022
Rent + Utilities + Food = $3000
Week One: +$750
Week Two: +$750
Week Three: +$750
Week Four: +$750
After being able to meet “multiple ends” consistently, you want to strive for meeting every end on the list.
After being able to meet “every end” consistently, you want to strive to double that sum in pro ts.
After being able to “double your ends”, strive towards building an trading account with $100,000
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Once you are trading with $100,000, you are now trading for a living.
FAILURE TO FOLLOW THIS PROCESS WILL RESULT IN
IMPULSIVE TRADING & POOR DECISION-MAKING SKILLS.
Not knowing your monthly budget and ends leads to no clarity in
your pro t taking objectives.
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All pro ts will seem like they are “not enough”.
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You will chase trades impulsively for the next win to “feel” like you
are doing things correctly
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You will NOT know how to “pay yourself ”.
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FAILURE TO FOLLOW THIS PROCESS WILL RESULT IN
IMPULSIVE TRADING & POOR DECISION-MAKING SKILLS.
Real pressures of life are going to force you to make decisions that are not rational.
You are not going to follow your Trading Model.
•
You are going to over-leverage your trades.
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You will not follow your rules.
•
You will not hold for pro t taking objectives.
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You will impulsively enter on your trade setups.
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Start being diligent about your nances today!
Write down your Income & Expenses
Note which expense is required and build goals around that.
Note which expense is excess and trim it.
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2.
3.
THE SOLUTION:
SECURE AN ADDITIONAL INCOME SOURCE
The solution to make “Ends meet" is with an additional income stream.
ICT created the YouTube 2022 Mentorship Model for this reason.
These are the 3 Potential Income Streams that will be building up your total income.
“You Inc.” receives the total income from these 3 Potential Income Streams.
EMPLOYMENT INCOME
When start as a developing aspiring trader, you cannot rely on
trading as a source of income yet.
You will still need to support yourself with a JOB to make
ends meet.
Understand that you will want to escape the rat race and
pursue trading full time however…
be patient when learning this skill until you are ready to do so.
EMPLOYMENT INCOME
If you are employed, keep your job:
•Your rst trading goal should be to replace this income.
•Understand and know “I’m Possible to make it happen.”
Keep your Job until you can double your Employment
Income and expenses.
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I.e - If your “Ends” are $3000 a month, you can generate $6000 per month
from trading consistently
INVESTMENT INCOME
Investment Income:
•When you start earning from the nancial markets, this will be seen as Investment Income.
Investment Income comes from Speculative Trading Accounts
•The purpose of the YouTube Channel is to show you how to start earning from the nancial
markets.
•You will be taxed based on this income.
Investment Income can also come from Tax-Deferred Accounts:
•
In a tax-differed account, such as a traditional IRA or 401(K), you save away money pretax and it
grows tax-free.
•
This is a fantastic way to build a nest egg for retirement
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Especially when grown tax-free, Compound Interest will grow your nest egg over time.
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Split Investment Income into 2 Branches:
ICT Suggests that you should be more
aggressive on Tax-Deferred Accounts rather
than Speculative Trading Accounts.
Have a sober trading approach when trading
speculative accounts.
Have a more aggressive approach when trading
Tax-deferred Accounts.
•
This is to reap the rewards of Compound Interest
•
You will not have to worry about taxation affecting the
potential of Compound Interest.
The focus of Speculative Trading Accounts is to give us money we can withdraw and spend.
We should take a more sober approach just to meet “Ends”.
We want to focus on Monthly/Weekly Payouts.
6% per Month
10% per Month
The focus of Tax-Deferred Accounts should be to build a nest egg for the grand scheme of things.
We are not trying to spend this since this is how we are trying to build wealth.
The majority of your trading efforts should focus on this.
Here is an example of how Compound Interest affects a Trading Account with $10,000 over 10 years tax free.
BUSINESS INCOME
By knowing how to read the charts, you set yourself up for a
plethora of business opportunities.
These business opportunities will then manifest into Business Income.
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Business Opportunities Examples:
•YouTube Ad Revenue
•Trade Signals
•Af liate Programs
• Broker Partnerships
• Sponsorships
THE PLAN:
DETERMINING THE STARTING POINT
The solution to make “Ends meet" is with an additional income stream.
ICT created the YouTube 2022 Mentorship Model for this reason.
MINDSET
Have a separate account created speci cally to make "ends meet".
•You are not trading to grow this account exponentially.
•You are trading solely for the purpose to cover food expenses.
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Once you can cover required ends such as Rent or Food consistently,
this places you in a better state of mind for trading.
•You will start to be more patient.
•You will start to become more risk-averse.
•You will start making higher quality decisions.
•You will feel less pressure to force trades
FOREX MODEL OVERVIEW
Monthly Goal: $1000
Trading Equity: $25,000
Risking per Trade: $250 (1%)
Stop Loss Size: 10 Pips
Take Pro t: 10 Pips
Trade Hours: New York Session
We are keeping it very simple because we are only trying to make ends meet.
•We have a Weekly Goal of $250 (10 Pips)
•We have a Monthly Goal of $1000 (40 Pips)
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We are looking for 4 opportunities a month to trade Forex intra-day.
We are looking for a single A+ Setup each week.
STEP 1: CONDITIONS
Step 1: What is the Draw on Liquidity for the Weekly Chart?
What Discount Array is the Weekly Candle reaching for?
•This will act as a Draw on Liquidity.
•This shows that there is a potential Range Expansion lower.
•Focus on Sell Trade Setups whilst the Weekly Candle is
expanding towards that Draw on Liquidity.
STEP 2: TIMING
Step 2: Trading aligned with the Economic Calendar
On the weekend as a pre-market routine identify which days have
Medium to High Impact News Events.
•We stalk setups on days with News Events.
• We take action on those setups after the News Event Release.
STEP 3: OPPORTUNITY
Step 3: ICT 2022 YouTube Mentorship Model
a) Wait for Price to take out Buy-side Liquidity.
b) See a Displacement occurs afterward.
c) Enter on the FVG if the Displacement prints an FVG within its range.
• On stage C we can re ne our entry with the 5,4,3,2,1 Minute Chart.
The Trade Setup must follow a 10 Pip Stop or it is not our trade.
The Trade Setup must close at a 10 Pip Gain.
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If Price has already moved away from the FVG, we DO NOT chase it.
This is a failure to engage, with no exceptions.
Do not act impulsively, stick with the rules.
This model is speci cally designed to cover Food Expenses.
This model is not designed to win competitions.
This model is not designed to grow accounts.
Harvest one A+ 10 pip setup per week then stop trading for the week.
This will cover our Food Expenses.
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Once the gains are met, you stop trading.
Reset the account to cover Food Expenses again the next month.
THE PROCESS:
MAKING ENDS MEET
This last section bridges "The Plan" with "The Process".
How to pursue the goal and over take it.
Where do Trade Opportunities form?
We are stalking trading opportunities at the following:
Previous Weeks & Days Highs & Lows
Previous Session Highs & Lows
PREVIOUS WEEK’S HIGH
Previous Week’s High:
• If the Range Expansion for the Weekly Candle is leaning towards expanding lower, hunt for Short Setups only.
• Once the Price trades above the Previous Weeks High, a Short Opportunity is present.
• On a 5 Minute Chart, start following the step-by-step strategy outline in the 2022 ICT YouTube Mentorship.
‣ If Trade Setup Risk: Reward is not favorable, you can re ne the entry on a 4,3,2,1 Minute Chart.
- We want to have a 10 Pip Stop Loss.
- If the trade setup exceeds 10 Pips, we do not take the trade.
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If the Price trades above the Previous Weeks High and the Trade Model manifests…
That is the Market tipping its hand to you.
PREVIOUS WEEK’S LOW
Previous Week’s Low:
• If the Range Expansion for the Weekly Candle is leaning towards expanding higher, hunt for Long Setups only.
• Once the Price trades below the Previous Weeks Low, a Long Opportunity is present.
• On a 5 Minute Chart, start following the step-by-step strategy outline in the 2022 ICT YouTube Mentorship.
‣ If Trade Setup Risk: Reward is not favorable, you can re ne the entry on a 4,3,2,1 Minute Chart.
- We want to have a 10 Pip Stop Loss.
- If the trade setup exceeds 10 Pips, we do not take the trade.
If the Price trades below the Previous Weeks Low and the Trade Model manifests…
That is the Market tipping its hand to you.
Weekly Candlestick:
The Weekly Candlestick will be seeking an opposing
premium array.
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Long Setups are considered High Probability Trades.
PREVIOUS DAY’S HIGH
Previous Day’s High:
• If the Range Expansion for the Weekly Candle is leaning towards expanding lower, hunt for Short Setups only.
• Once the Price trades above the Previous Day’s High, a Short Opportunity is present.
• On a 5 Minute Chart, start following the step-by-step strategy outline in the 2022 ICT YouTube Mentorship.
‣ If Trade Setup Risk: Reward is not favorable, you can re ne the entry on a 4,3,2,1 Minute Chart.
- We want to have a 10 Pip Stop Loss.
- If the trade setup exceeds 10 Pips, we do not take the trade.
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If the Price trades above the Previous Day’s High and the Trade Model manifests…
That is the Market tipping its hand to you.
PREVIOUS DAY’S LOW
Previous Day’s Low:
• If the Range Expansion for the Weekly Candle is leaning towards expanding higher, hunt for Long Setups only.
• Once the Price trades below the Previous Day’s Low, a Long Opportunity is present.
• On a 5 Minute Chart, start following the step-by-step strategy outline in the 2022 ICT YouTube Mentorship.
‣ If Trade Setup Risk: Reward is not favorable, you can re ne the entry on a 4,3,2,1 Minute Chart.
- We want to have a 10 Pip Stop Loss.
- If the trade setup exceeds 10 Pips, we do not take the trade.
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If the Price trades below the Previous Day’s Low and the Trade Model manifests…
That is the Market tipping its hand to you.
PREVIOUS SESSION’S HIGH
Previous Session’s High:
• If the Range Expansion for the Weekly Candle is leaning towards expanding lower, hunt for Short Setups only.
• Once the Price trades above the Previous Day’s High, a Short Opportunity is present.
• On a 5 Minute Chart, start following the step-by-step strategy outline in the 2022 ICT YouTube Mentorship.
‣ If Trade Setup Risk: Reward is not favorable, you can re ne the entry on a 4,3,2,1 Minute Chart.
- We want to have a 10 Pip Stop Loss.
- If the trade setup exceeds 10 Pips, we do not take the trade.
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If the Price trades above the Previous Day’s High and the Trade Model manifests…
That is the Market tipping its hand to you.
PREVIOUS SESSION’S LOW
Previous Session’s Low:
• If the Range Expansion for the Weekly Candle is leaning towards expanding higher, hunt for Long Setups only.
• Once the Price trades below the Previous Day’s Low, a Long Opportunity is present.
• On a 5 Minute Chart, start following the step-by-step strategy outline in the 2022 ICT YouTube Mentorship.
‣ If Trade Setup Risk: Reward is not favorable, you can re ne the entry on a 4,3,2,1 Minute Chart.
- We want to have a 10 Pip Stop Loss.
- If the trade setup exceeds 10 Pips, we do not take the trade.
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If the Price trades below the Previous Day’s Low and the Trade Model manifests…
That is the Market tipping its hand to you.
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Braveheart Trading
Dedicated to Freedom and for Reaching Your Full Trading Potential.
Twitter: Click here
YouTube: Click here
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Newsletter: Click here