Inner Circle Trader PDF 65: What You Need to Know About ICT Trading Method and Mentorship
Inner Circle Trader PDF 65: A Comprehensive Guide to ICT Trading Concepts
If you are interested in learning how to trade forex like a professional, you may have come across the term "Inner Circle Trader" or "ICT". But what does it mean and how can it help you improve your trading skills?
inner circle trader pdf 65
In this article, we will explain what Inner Circle Trader is, who is behind it, what are the main principles of ICT trading, how to learn and implement ICT trading concepts, and what are the benefits of using this approach. We will also provide you with some useful resources and FAQs to help you get started.
What is Inner Circle Trader (ICT)?
Inner Circle Trader (ICT) is a trading strategy developed by Michael J. Huddleston, a forex trader and mentor. The main aim of the ICT trading strategy is to combine price action and the smart money concept to find the optimal trading entry. Moreover, the core strength of this method is that it is not limited to finding a trading point only. It also teaches you how to manage your trades, risk, and psychology in a consistent and profitable way.
Who is Michael J. Huddleston?
Michael J. Huddleston is the founder and creator of Inner Circle Trader. He describes himself as "the Mentor of your Mentor", as he claims to have influenced many of the trading concepts that traders are using today. He has over 30 years of experience in trading various markets, including stocks, futures, commodities, and forex.
He started sharing his trading knowledge and insights on YouTube in 2017, where he has over 170K subscribers. He also runs a private forum called ICT Mentorship, where he provides more in-depth and advanced teachings on his trading methodology. He does not use social media or any other platforms besides his website and YouTube channel.
What are the main principles of ICT trading?
The main principles of ICT trading are based on understanding how the market works and how the smart money (i.e., banks, institutions, hedge funds, etc.) moves the price. According to ICT, the smart money creates liquidity pools by manipulating the price action and trapping retail traders into false breakouts, reversals, or trends.
By using various tools and techniques, such as market structure, order blocks, liquidity pools, fractals, fibs, pivots, etc., ICT traders aim to identify these liquidity pools and trade in alignment with the smart money's direction. They also use concepts such as optimal trade entry (OTE), judas swing, market maker profile (MMP), etc., to pinpoint high-probability entries and exits with minimal risk.
How to learn ICT trading concepts?
If you want to learn ICT trading concepts, you need to be patient, disciplined, and dedicated. ICT trading is not a quick-fix or a get-rich-quick scheme. It requires a lot of study, practice, and self-awareness. Here are some steps you can follow to start learning ICT trading concepts:
Where to find ICT content?
The best and only source of ICT content is Michael J. Huddleston's YouTube channel, where he uploads videos on various topics related to his trading methodology. You can also visit his website, where he provides some free resources, such as a demo trading concept library, a glossary of terms, and a trading plan template.
If you want to access more advanced and exclusive content, you can join his ICT Mentorship program, where he offers a private forum, weekly webinars, live trading sessions, and more. However, the ICT Mentorship program is not always open for enrollment, and it has a high price tag ($5,000 for lifetime access).
What playlists to watch?
On his YouTube channel, Michael J. Huddleston has organized his videos into different playlists, depending on the level of difficulty and the topic. Some of the most popular and recommended playlists are:
The ICT Mentorship - The Basics (2017)
The ICT Mentorship - The Advanced (2017)
ICT Concepts (2018)
ICT Concepts - The Sequel (2019)
ICT Concepts - The Trilogy (2020)
ICT Concepts - The Final Chapter (2021)
You can start by watching the first playlist, The ICT Mentorship - The Basics (2017), where he covers the fundamentals of his trading approach, such as market structure, order blocks, liquidity pools, OTE, judas swing, MMP, etc. Then, you can move on to the other playlists, where he goes deeper into each concept and shows more examples and applications.
What to focus on when learning ICT?
When learning ICT, you should focus on understanding the logic and rationale behind each concept and tool, rather than memorizing them or blindly applying them. You should also pay attention to how Michael J. Huddleston explains his thought process and analysis when he trades live or reviews his trades.
Moreover, you should focus on developing your own self-awareness and trading psychology, as these are crucial aspects of becoming a successful trader. You should be honest with yourself about your strengths and weaknesses, your goals and expectations, your risk tolerance and money management, etc. You should also be willing to learn from your mistakes and improve your performance over time.
How to implement ICT trading concepts?
If you want to implement ICT trading concepts, you need to practice them on a demo account first, until you master them and gain confidence in your skills. You should also have a clear and detailed trading plan that outlines your entry and exit rules, risk management parameters, performance metrics, etc.
Here are some tips on how to implement ICT trading concepts:
How to use price action and smart money concept?
To use price action and smart money concept, you need to analyze the market structure and identify the key levels of support and resistance, where the smart money creates liquidity pools by trapping retail traders. You can use tools such as order blocks (zones where price reverses after a breakout), liquidity pools (areas where price spikes or wicks), fractals (repeating patterns of price action), fibs (Fibonacci retracement and extension levels), pivots (daily, weekly, monthly pivot points), etc., to mark these levels on your chart.
Then, you need to observe how the price reacts at these levels and look for clues that indicate the smart money's intention and direction. You can use concepts such as OTE (a zone where price retraces between 62% and 79% of a previous swing), judas swing (a false breakout or reversal that lures retail traders into the wrong direction), MMP (a pattern that shows how the smart money distributes or accumulates positions before moving the price), etc., to spot these clues.
How to identify optimal trading entries and exits?
To identify optimal trading entries and exits, you need to wait for the price to reach an OTE zone within an order block or a liquidity pool that aligns with the smart money's direction. Then, you need to look for a confirmation signal that validates your entry, such as a candlestick pattern (e.g., pin bar, engulfing bar), an oscillator divergence (e.g., MACD, RSI), a trendline break or bounce, etc.
How to manage risk and psychology?
To manage risk and psychology, you need to have a sound risk-reward ratio and a positive trading expectancy. A risk-reward ratio is the ratio between the potential profit and the potential loss on a trade. A positive trading expectancy is the average amount of money you expect to make per trade over a series of trades.
A good rule of thumb is to use a risk-reward ratio of at least 1:3 or higher, meaning that for every dollar you risk, you aim to make three dollars or more. This way, you can be profitable even if you have a low win rate, as long as your winners are larger than your losers. For example, if you have a 50% win rate and a 1:3 risk-reward ratio, your trading expectancy will be positive:
10 Trades
Loss
Win
1
$1,000
2
$3,000
3
$1,000
4
$3,000
5
$1,000
6
$3,000
7
$1,000
8
$3,000
9
$1,000
10
$3,000
Total $5,000 $15,000 Trading Expectancy ($15,000 - $5,000) / 10 = $1,000
To calculate your risk-reward ratio, you need to divide the difference between your take-profit and entry price by the difference between your entry and stop-loss price. For example, if you enter a long trade at $1.2213 with a stop-loss at $1.2286 and a take-profit at $1.2068 (as in figure 1.A), your risk-reward ratio will be:
Risk-Reward Ratio = (Take-Profit [1.2068] - Entry [1.2213]) / (Entry [1.2213] - Stop-Loss [1.2286]) = -0.0145 / -0.0073 = 1.99 (approximately)
To calculate your trading expectancy, you need to multiply your average win by your win rate and subtract your average loss multiplied by your loss rate. For example, if you have a 50% win rate and a 50% loss rate, and your average win is $3,000 and your average loss is $1,000 (as in the table above), your trading expectancy will be:
Trading Expectancy = (Average Win x Win Rate) - (Average Loss x Loss Rate) = ($3,000 x 0.5) - ($1,000 x 0.5) = $1,500 - $500 = $1,000
To manage your psychology, you need to have a positive mindset and attitude towards trading. You need to accept that losses are inevitable and part of the game. You need to avoid emotional reactions such as fear, greed, anger, frustration, etc., that can cloud your judgment and interfere with your trading plan. You need to be disciplined and consistent in following your rules and executing your trades.
What are the benefits of ICT trading concepts?
The benefits of ICT trading concepts are manifold. Here are some of them:
How ICT trading can improve your trading performance?
ICT trading can improve your trading performance by helping you understand how the market works and how the smart money moves the price. By using ICT trading concepts, you can identify high-probability trading opportunities with minimal risk and maximum reward. You can also avoid being trapped by market manipulation and noise, and trade in alignment with the dominant trend.
How ICT trading can help you trade any market and timeframe?
ICT trading can help you trade any market and timeframe by teaching you how to apply the same principles and tools across different instruments and timeframes. Whether you trade forex, stocks, futures, commodities, or cryptocurrencies, you can use ICT trading concepts to analyze the market structure, identify key levels, spot liquidity pools, and find optimal entries and exits. Whether you are a scalper, a day trader, a swing trader, or a position trader, you can use ICT trading concepts to adapt to different market conditions and volatility.
How ICT trading can make you a self-reliant trader?
ICT trading can make you a self-reliant trader by empowering you with the knowledge and skills to trade independently and confidently. You don't need to rely on indicators, signals, robots, or mentors to tell you what to do. You can use your own analysis, judgment, and experience to make your own trading decisions. You can also develop your own trading style and personality that suits your goals and preferences.
Conclusion
In conclusion, Inner Circle Trader is a trading strategy that combines price action and smart money concept to find optimal trading entries and exits. It is developed by Michael J. Huddleston, a forex trader and mentor with over 30 years of experience. It is based on understanding how the market works and how the smart money moves the price.
To learn ICT trading concepts, you need to be patient, disciplined, and dedicated. You need to watch Michael J. Huddleston's YouTube videos and website resources, or join his ICT Mentorship program if you want more advanced content. You need to focus on understanding the logic and rationale behind each concept and tool, rather than memorizing them or blindly applying them.
To implement ICT trading concepts, you need to practice them on a demo account first, until you master them and gain confidence in your skills. You need to have a clear and detailed trading plan that outlines your entry and exit rules, risk management parameters, performance metrics, etc. You need to use a sound risk-reward ratio and a positive trading expectancy. You need to manage your psychology and avoid emotional reactions that can interfere with your trading plan.
The benefits of ICT trading concepts are manifold. They can improve your trading performance by helping you identify high-probability trading opportunities with minimal risk and maximum reward. They can help you trade any market and timeframe by teaching you how to apply the same principles and tools across different instruments and timeframes. They can make you a self-reliant trader by empowering you with the knowledge and skills to trade independently and confidently.
FAQs
What is Inner Circle Trader PDF 65?
Inner Circle Trader PDF 65 is a file name that some traders use to refer to one of Michael J. Huddleston's YouTube videos titled "ICT Concepts - The Final Chapter - Part 65". In this video, he explains how he uses his ICT concepts to trade live on a $5 million funded account.
Where can I find Inner Circle Trader PDF 65?
You can find Inner Circle Trader PDF 65 on Michael J. Huddleston's YouTube channel or on his website under the ICT Concepts - The Final Chapter playlist.
Is Inner Circle Trader legit or scam?
Inner Circle Trader is legit as far as we know. Michael J. Huddleston has been sharing his trading knowledge and insights for free on YouTube since 2017. He also offers a paid ICT Mentorship program for those who want more advanced and exclusive content. However, as with any trading strategy or mentorship program, there is no guarantee of success or profitability. You should always do your own research and due diligence before following any advice or guidance from anyone.
How much does Inner Circle Trader Mentorship cost?
Inner Circle Trader Mentorship costs $5,000 for lifetime access. However, the enrollment is not always open and there may be a waiting list or a screening process involved.
What are some alternatives to Inner Circle Trader?
Some alternatives to Inner Circle Trader are other price action or smart money based trading strategies or mentors that teach similar concepts or tools. For example, some traders may follow Wyckoff method, supply and demand zones, order flow analysis, volume profile analysis, etc., to trade in alignment with the smart money's direction.
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