Introduction to Inner Circle Trader's Series

Overview

• Launch of a YouTube series "Inner Circle Trader"
• Daily video log: Monday through Friday
• Live commentary on New York session starting October 2017
• Focus on one currency pair per day
• Aim: Learn price action through examples

Trading Fundamentals

• Objective: Understanding price action; not guaranteed profits
• Key Pattern: Optimal Trade Entry (OTE)
  • Easy to spot and understand
  • Two main setups focus (not disclosed)

Trading Plan Essentials

• Should fit on the back of a business card
  • Risk model
  • Entry criteria
  • Market conditions (bullish/bearish)
  • Execution and management
  • Profit targets

Simplification of Trading Methods

• Emphasis on higher time frames: Monthly, Weekly, Daily, 4-Hours
• Avoid paralysis by over-instruction
• Avoid short-term charts for understanding institutional moves
• Focus on key support and resistance levels

Institutional Price Levels

• Using monthly, weekly, daily charts to find key levels
• Institutional support/resistance: old highs and lows
• High probability setups on monthly charts

Optimal Trade Entry (OTE)

• Concept: Buying retracements in bullish markets
  • Impulse price move higher
  • Buy retracements lower
• Bearish Markets: Sell rallies, expecting lower lows

Fibonacci for OTE

• Settings:
  • 62% retracement: Entry
  • 79% retracement: Buffer
  • Target levels: 0, -0.62, -0.27, -1

Risk Management

• Determine risk based on account percentage
• Aim for better than 2:1 reward-to-risk ratio
• Scale out at logical points

Practical Examples

• Market Structure: Looking for breaks in structure
• Indicators: Not needed, focus on price action
• Institutional Levels: Full, mid, and partial figures

Examples on Charts

• TradingView: Explained example on Euro Dollar
• Use of Fibonacci retracement on TradingView & MT4

Conclusion

• Focus on higher time frames for "big money" moves
• Simplify trading approach with OTE pattern
• Anticipate, don't react
• Insights into institutional trading methods

Key Takeaways

• Trading is about understanding market mechanics, not relying on indicators
• High time frame analysis provides clarity on institutional moves
• Proper risk management and logical target setting are crucial

Stay tuned for further breakdowns and examples in the series.