Lecture Notes

Introduction

• Acknowledgment of limited time for lectures (not sitting for 4 hours).
• Many students watch recordings due to jobs and families.

Trading Philosophy

• Focus on market conditions and structure rather than constant monitoring.
• Use of limit orders and understanding market objectives.
• Emphasize patience in trading; opportunities will reappear.

Market Protraction

• Explanation of market protraction; misleading movements in daily candles.
• Introduced the concept of "Judas swing" leading to false highs.
• Importance of recognizing time factors, especially around the London Open (3:00 AM GMT).

Practical Exercise

• Track the times of high and low daily candles throughout September.
• Understand consistency in daily movements based on time and price.
• Suggest keeping a log for analysis.

Consolidation and Expansion

• Discussion of market behavior during consolidation phases.
• Highlighting the need for expansion before reversal.
• Objective prices to monitor during trading sessions.

Daily Trading Structure

• Key trading hours identified:
  • London Open (2-4 AM NY time): likely high or low of the day.
  • 10-11 AM NY time: usual time for the daily low or high.
• Note: Daily ranges often formed between these time windows.

Trading Strategy

• Focus on one currency pair for efficiency.
• Avoid over-diversification which can lead to distraction.
• Emphasis on understanding market behavior rather than trying to trade every day.

Psychological Aspects of Trading

• Importance of mindset and emotional control in trading success.
• Warning against impatience and unrealistic expectations.
• Encouragement to focus on the process of learning over immediate results.

Monthly Review and Reflection

• Requirement for students to confirm satisfaction with monthly content.
• Emphasis on honesty in self-assessment regarding commitment to the program.
• Warning against potential refunds if satisfaction is not confirmed.

Conclusion

• Reminder of the commitment required for success in trading.
• Encourage focus on long-term goals rather than short-term results.
• Final thoughts on the unique opportunity for personal and financial transformation through mentorship.