77-ICT Mentorship Core Content - Month 8 - Intraday Profiles

Last modified by Drunk Monkey on 2022-10-10 09:32
1 00:00:16,800 --> 00:00:26,880 ICT: Okay folks, Welcome to Lesson five of the April 2017, ICT mentorship, ICT day trading model, this teaching is specifically dealing with intraday market
2 00:00:26,880 --> 00:00:27,540 profiles.
3 00:00:33,150 --> 00:00:49,020 Okay, intraday market profiles. The first one we're gonna go over is the cell profile, London normal protraction. And what you're going to be looking for, for
4 00:00:49,080 --> 00:01:01,560 classic cell day for intraday trading, there's going to be lots of different deviations and, and subtle variances in these specific themes. They won't look
5 00:01:01,560 --> 00:01:12,210 exactly like I'm outlining here, obviously, that's what makes trading somewhat difficult, because you have to look for similarities across the board. So
6 00:01:12,390 --> 00:01:27,390 they're going to have a great deal of similarity among many sell days. And the ideal scenarios will look very close to what I'm outlining here. But you start
7 00:01:27,390 --> 00:01:37,800 with the central bank dealers range, and for a classic or higher probability Monday normal protection, sell day, the central bank dealers range is going to
8 00:01:37,800 --> 00:01:46,920 be less than 40 pips. Now as soon as you see a central bank dealers range that's greater than 40 pips, this is not going to be that profile. So you'll have to
9 00:01:46,920 --> 00:01:58,140 either go to the next one we'll teach in this lesson, or you just gonna consider whether or not you're gonna be trading on the Asian session range between eight
10 00:01:58,140 --> 00:02:09,330 o'clock and midnight New York time, we call that the Asian range. This is going to also have a classic range of 20 to 30. pips, if it's larger than that, again,
11 00:02:09,360 --> 00:02:26,190 this profile will not be existing. Typically, what you're going to see is the market will rally up after 12am, New York time to 2am New York time. Now think
12 00:02:26,190 --> 00:02:34,950 about what I'm explaining here. You're already looking for a bearish move, you're already bearish on the higher timeframe the dailies indicating lower
13 00:02:34,950 --> 00:02:46,050 prices. So what we're looking for is the month and high to form classically, the high probability scenario for this profile to unfold as you have to see what
14 00:02:46,050 --> 00:02:56,190 time it is in New York at midnight, and then you're going to be seeing price immediately start trading up from that point. If it does not start trading up
15 00:02:56,250 --> 00:03:07,200 into two o'clock in the morning, New York time, that is not this profile. So right away you have a filter, you have essential skills range has to be less
16 00:03:07,200 --> 00:03:18,810 than 40 pips check Asian range has to be 2030 pips check. Now if those two conditions are there, but yet we do not see price rallying after 12am New York
17 00:03:18,810 --> 00:03:33,990 time into 2am. If that does not occur, again, that is not the London normal protraction airy sell day. Projection airy stage, or Judas swing will be one to
18 00:03:33,990 --> 00:03:43,800 two standard deviations of the central bank dealers range. Now let's recap what I just explained to you. The ideal scenario, the one I like to trade, the one
19 00:03:43,800 --> 00:03:53,070 that makes me sit on the sidelines and wait for these specific criteria. Everyone wants to know when I'm trading London, this is what I'm looking for.
20 00:03:53,160 --> 00:04:05,400 This is my money making day. This is the thing that outlines the whole thing for my sell day for London. This is my go to I like this profile. If I do not have
21 00:04:05,400 --> 00:04:16,320 these ingredients, if you will. I'm not baking in London, I'm just not going to do it. So again, let's consider what is outlined. If the central bank dealers
22 00:04:16,320 --> 00:04:27,360 range is greater than 40 pips there has been a whole lot more later afternoon New York session price action, so that means it's been extended further. If they
23 00:04:27,360 --> 00:04:38,550 have allowed the price to move further, and arranged greater than 40 pips after 2pm New York time, that's going to mess up their model for allowing the float to
24 00:04:38,550 --> 00:04:48,720 build. You want to see a consolidation between two o'clock pm to 8pm New York time. If that does not exist right away, you have a warning sign that you're
25 00:04:48,720 --> 00:04:58,320 probably not going to be wanting to trade London now that can change. What makes that change is if the Asian range goes down to a 20 to 30 pip range and stays
26 00:04:58,350 --> 00:05:09,480 very tightly consolidated So central bank deals range can get wider to 40 pips, but it's the Asian range does not move down into a small consolidation of 20 and
27 00:05:09,480 --> 00:05:10,140 30 pips,
28 00:05:11,039 --> 00:05:18,329 you can't take the london session because you've already seen a lot of volatility both in Central Bank dealers range, so I mean, late New York going to
29 00:05:18,329 --> 00:05:27,329 bonds close, there's probably been something going on, and they are not allowing float to build up. And you have to wait until 8pm for the Asian session to
30 00:05:27,329 --> 00:05:38,879 begin. And then between 8pm New York time, midnight, New York time, we're gonna be looking for consolidation in the range of 20 to 30 pips. If they can
31 00:05:38,939 --> 00:05:48,209 consolidate Asian range 2030 pips after a larger than 40 pips, central bank dealers range, then we can go back to electing to look for this profile. Now the
32 00:05:48,209 --> 00:05:59,999 market again has to rally immediately after midnight, New York time. And you want to see that sustained movement higher moving up into towards the two
33 00:05:59,999 --> 00:06:08,669 o'clock hour in New York time. So what that's doing is it's creating that initial move that protraction airy state, you are looking for the move to be
34 00:06:08,669 --> 00:06:21,479 going up. But the entry can occur as early as 1:30am, New York time, one o'clock in the morning, New York time, you want to see an immediate movement up after
35 00:06:21,479 --> 00:06:32,009 12am. Now it might have a small little move down after 12am. But it'd be modest, you're expecting that to turn up shortly after midnight, and then you have to be
36 00:06:32,009 --> 00:06:44,099 looking for price moving at 1am to 130, it should have made a higher high than that we've seen in the Asian range or central bank dealers range. That's the
37 00:06:44,099 --> 00:06:56,399 projection early stage in the marketplace. But ideally it will trade up from 12am to 2am. That moving up is Epta expanding the range with a projection a
38 00:06:56,399 --> 00:07:08,759 state or sucking in buyers or squeezing on those people that have stops just above marketplace, they're already short. And when the progress when the
39 00:07:08,759 --> 00:07:16,889 projection a stage or due to swing occurs, we're looking for one to two standard deviations of the central bank dealers range if all these criterias are met, and
40 00:07:16,889 --> 00:07:25,139 then you end up nailing the highs of the day between two o'clock and four o'clock in the morning typically for your classic cell profile London normal
41 00:07:25,139 --> 00:07:39,749 projection just as an example, this is what it would look like. As you can see here we have a small consolidation Asian range and we have immediately after
42 00:07:39,899 --> 00:07:50,579 midnight timeframe price goes straight up and then from there creates the high the day in trades down creating the low of the day around them on the close time
43 00:07:50,579 --> 00:07:53,729 period and then coming off the low into consolidation.
44 00:07:58,860 --> 00:08:04,110 The projection a stage is seen here. He immediately after that midnight candle
45 00:08:09,240 --> 00:08:21,390 okay intraday market profiles continuing to our cell profile with London delayed protraction. The market may or may not have a favorable central bank dealers
46 00:08:21,390 --> 00:08:31,470 range that means there could be an ideal stage set it could be less than 40 pips or it could be greater than 40 pips, this profile can go either way, when we're
47 00:08:31,470 --> 00:08:41,400 using a central bank dealers range. The directional bias is going to be bearish, but the contractionary stage is going to be delayed in the day. In other words,
48 00:08:41,400 --> 00:08:54,180 we're not going to see the rally right after midnight in New York time, it may just be erode and go lower right after midnight if that will enter a projection
49 00:08:54,180 --> 00:09:05,220 any stage at or shortly after 2am New York so what you're gonna be doing is you have a vertical line on your 15 minute timeframe. And you're looking for price
50 00:09:05,430 --> 00:09:17,580 to stage a rally at or just shortly after 2am that rally is going to be a intraday inside the range is already existing or inside the the highest already
51 00:09:17,580 --> 00:09:27,660 formed for the day. It's going to be creating a smaller little Judas swing. It's going to rally up from two o'clock and making your London entry come to
52 00:09:27,660 --> 00:09:40,020 fruition. You've been looking for an intraday premium pdra to short on inside that retracement. Now again that retrace is going to occur at or just after 2am
53 00:09:41,250 --> 00:09:50,340 When do you look for that when the market does not create that 12am New York Time rally. In other words, the price does not go into a ProtoTrak Canary stage
54 00:09:50,430 --> 00:10:02,400 higher after midnight. It just rolls over go soft and makes a progressively lower move going into 2am Not a problem. Draw vertical Want to 2am Wait for a
55 00:10:02,400 --> 00:10:12,420 retracement higher that will be IP does projection early stage it will not want to make a higher high and price will go to a premium pdra bearish order block
56 00:10:12,480 --> 00:10:21,240 closed a fair value gap or liquidity void and then you will be selling short on a day and again primary premises as you already have to have a bearish outlook.
57 00:10:21,810 --> 00:10:32,610 The daily is respecting resistance ideas and it should be seeking sell side liquidity. If you have this criteria. This is the London delay projection or
58 00:10:32,640 --> 00:10:43,950 profile that you'd look to trade off of. But the key is having that two o'clock timeframe, there must be a rally up at or just after 2am trading up into a
59 00:10:44,010 --> 00:10:59,190 premium PD array in the timeframe you're trading on which is the 15 minute chart an example that would be seen here price rolls over just doesn't make any higher
60 00:10:59,190 --> 00:11:08,910 high. Then we have a projection a stage right after two o'clock on this timeframe. This is seen with seven GMT which would be two o'clock in New York
61 00:11:08,910 --> 00:11:21,420 time. Price creates a rally trades back up into a bearish order block and then creates the london session high trading lower. And you can see the projection a
62 00:11:21,420 --> 00:11:35,910 stage here after 2am. Okay, intra market profiles continued. Now we're looking to buy profiles. Now this is the one I like to trade when I'm looking to buy in
63 00:11:35,910 --> 00:11:47,910 the London session. This is the London normal protraction stage, central bank dealers range again is going to be less than 40 pips and the Asian range is 20
64 00:11:47,910 --> 00:12:00,990 to 30. pips again a narrow consolidation the markets going to decline, lower after 12am New York time into 2am, New York, that's the fingerprint, if you
65 00:12:00,990 --> 00:12:11,100 will, that is doing what we're outlining here in terms of characteristics. So if we do not see in immediate declined from 12am, New York down into 2am, New York,
66 00:12:12,210 --> 00:12:22,980 this is not going to be in London normal protraction by day. The projection airy stage or Judas swing will be one to two standard deviations of the central bank
67 00:12:22,980 --> 00:12:36,630 dealers range. So what we're looking at here, again, central bank dealers range is going to be less than 40 pips. So they are consolidating the late New York
68 00:12:36,630 --> 00:12:48,210 session going into bond close, then in Asian range has a small narrow 20 to 30 pip range as well. So they are allowing orders to build up above and below the
69 00:12:48,210 --> 00:12:48,870 marketplace.
70 00:12:50,250 --> 00:13:03,180 The market starts dropping immediately after 12am New York time at midnight, and it trades lower down into 2am. Now again, the London low can form just ahead of
71 00:13:03,180 --> 00:13:15,330 2am but we're looking for price that be trending towards or making lower lows going into that 2am time period. The market can start with an initial move up
72 00:13:15,360 --> 00:13:26,730 very modest little move after 12am but it has to start trending lower after 12am or shortly thereafter. And it has to consistently move lower past ideally
73 00:13:27,030 --> 00:13:39,750 1am 1:30am And right about then you have a confirmation that the London normal projection by profile is unfolding you you're gonna be looking for that Judas
74 00:13:39,750 --> 00:13:47,940 swing or projection or stage in the marketplace to reach down one to two standard deviations in the central bank dealers range and that'll be your
75 00:13:47,940 --> 00:14:05,070 projected low. An example that is seen here. The market enters a small central bank dealers range and Asian range is also a respectable range in terms of pips.
76 00:14:06,330 --> 00:14:26,250 Then price drops lower right after midnight candle finds the low of the day and expands up for higher close. As you can see here, this is the projection stage.
77 00:14:28,110 --> 00:14:42,150 Immediately after 12am New York Time intraday market profiles continuing with our buy profile of the London delayed protraction. For this we're going to be
78 00:14:42,150 --> 00:14:50,700 looking for the market may or may not have a favorable central bank dealers range. So it can happen either or it can be a day where the central bank deals
79 00:14:50,700 --> 00:15:01,350 range is less than 40 pips or greater than 40 pips. The filter moves over to the Asian range that is also a defining factor in May helps build this a little bit
80 00:15:01,350 --> 00:15:12,660 more has a favorable trading profile if the Asian range creates a small range, but it's not necessary because the profile could be seen with or without the
81 00:15:12,660 --> 00:15:22,530 Asian range being in a range or the central bank dealers range being in a small consolidation as well. Me main premises the directional bias is bullish, but the
82 00:15:22,530 --> 00:15:36,900 protraction is delayed. If they will enter a protraction stage at or shortly after 2am, New York and you're gonna be looking for a discount PD array to buy
83 00:15:36,900 --> 00:15:49,860 at during a retracement that will occur at or shortly after 2am New York time. So what are we saying here, we have a market that has a questionable central
84 00:15:49,860 --> 00:15:57,360 bank dealers range, that doesn't mean that we just toss it out, we have to look at what's going on at midnight. So we have to get up or make ourselves available
85 00:15:57,360 --> 00:16:05,460 at midnight and see okay, we're going to be looking for the characteristics that's being described here. If if wider than 40 pips, central bank dealers
86 00:16:05,460 --> 00:16:14,610 range, okay, then we probably are going to be seeing a London delayed projection airy stage, the directional bias has to be clearly bullish. And if we don't see
87 00:16:14,610 --> 00:16:25,470 the characteristics that we saw for the London projection every day for by profile, then we have to look for these types of things for the delay. So if
88 00:16:25,470 --> 00:16:34,650 they will enter a projection stage at or shortly after 2am. So what we can do is, if we see all those indications are there at midnight, we can either take a
89 00:16:34,650 --> 00:16:48,660 nap, or we can say up and wait to see if there's that delayed projection airy stage or Judas swing that begins at 2am and will retrace lower and it will seek
90 00:16:48,690 --> 00:16:58,740 a intraday discount PD array, and you'll be buying that during that retracement. So basically, it would be like a classic intraday optimal trade entry long, or a
91 00:16:58,740 --> 00:17:11,280 bullish order block closing in a fair value gap below market price or a liquidity void. That movement lower that will create that London entry for a
92 00:17:11,280 --> 00:17:13,080 London delay projection every day is
93 00:17:15,510 --> 00:17:26,130 an example seen here, the market starts up and it doesn't give us a real clear picture right away it starts moving higher, doesn't give us that big move lower
94 00:17:26,700 --> 00:17:37,890 or initial drop down. So we have a questionable central bank deals range or Asian range scenario. We can be looking for our directional bias to unfold which
95 00:17:37,890 --> 00:17:47,310 is a bullish day. If that will enter a projection a stage at or shortly after 2am New York that the blue line here, market drops down and dips into an
96 00:17:47,310 --> 00:17:56,880 intraday discount PD array. In this example here you can see it trades down into a previous down close candle or bullish order block creating the London setup to
97 00:17:56,880 --> 00:18:05,940 unfold for the rest of the bullish clothes day. And the rest of the template is seen here making the high today in London close trading off the London clothes
98 00:18:05,940 --> 00:18:18,540 high into consolidation for the daily clothes. So we have two dominant profiles that I like to trade and look for the characteristics are highly specific,
99 00:18:18,840 --> 00:18:29,610 they're not ambiguous. They have specific criteria that we look for. If the first one which is the London protraction, whether it be by herself profiles,
100 00:18:30,270 --> 00:18:43,530 characteristics are not there, then I look for justification for the delay in the projection I stages of the London session. So the key is to am New York. So
101 00:18:43,530 --> 00:18:58,140 we're looking at 12am for a classic London projection, or do to swing if we don't see that movement in favor of our up close day with a down move after 12am
102 00:18:58,410 --> 00:19:09,630 at Judas swing lower. If we don't see that, then we're gonna be looking for this scenario here. 2am. So here's the criteria, you have to be up if you're going to
103 00:19:09,630 --> 00:19:23,370 be a London trader, the ideal scenario is you're going to be up at 12am New York time. All we up to, at least in my opinion, 2:30am to 3am. That's the That's a
104 00:19:23,370 --> 00:19:32,610 three hour window. Once you see what's being outlined in both of these profiles, whether you're a buyer or seller, I'm only looking for four types of conditions.
105 00:19:32,910 --> 00:19:40,560 And I should already have just two conditions set for London. Either I'm going to be bullish or bearish. That's going to be determined by looking at the daily
106 00:19:40,560 --> 00:19:48,000 chart and where are we trading off of recently are we moving higher or lower? If we're going to be extended expanding higher then I'm going to be looking for
107 00:19:48,000 --> 00:19:55,170 bullish scenario is in London. And I'm gonna be using the two criterias for the buy profile. Either it's going to be a London protraction or London delayed
108 00:19:55,170 --> 00:20:03,420 protraction day. That's it. Nothing else is slipping through the cracks now Think else is going to surprise me, I'm looking for two criteria, I'm looking
109 00:20:03,420 --> 00:20:11,700 for a scenario to unfold at 12am Going into 2am. If that does not happen, then I know what I'm looking for at 2am, I'm looking for that delay of a Judas swing.
110 00:20:12,930 --> 00:20:20,280 The only difference is I'm going to be either a buyer or seller based on my higher timeframe premise. That's it. There's no magic to it than that, I
111 00:20:20,280 --> 00:20:30,780 understand that if they will do these scenarios. And it'll also keep you out of trades, there's gonna be times where it won't provide you an entry, the market
112 00:20:30,780 --> 00:20:39,120 will just probably keep on going on. And it'll probably be a 90 Pip day, it might be 150, Pip day, and you aren't getting in with either one of these
113 00:20:39,120 --> 00:20:46,740 profiles. And guess what that means? That's a trade that you missed. You can send me emails and complain about it. And he's telling you some days I miss it,
114 00:20:46,740 --> 00:20:56,550 too. But by far and large, if you look for these two characteristics, for a buyer sell profile, intraday, when you already have a higher timeframe notion
115 00:20:56,550 --> 00:21:06,420 that the price should be higher or lower based on that daily chart. Your criteria for trading, the London session is simple as this, there's nothing else
116 00:21:06,420 --> 00:21:15,540 that you're looking for the framework we're going to give you from the higher timeframe down, obviously, in later teaching. But for here, you're only looking
117 00:21:15,540 --> 00:21:24,300 for two things, a movement after 12am Going into two o'clock in the morning, and if that doesn't happen, then you draw a vertical line at 2am then you expect it
118 00:21:24,300 --> 00:21:36,390 there. So between two o'clock and 3am that Judas swing should occur. Now think about what just told you, I just loaded your 50 caliber beret ready to take down
119 00:21:36,870 --> 00:21:47,520 big game, you're able to find London Open setups now with very specific criteria and filters. Go back and look at your old charts and you'll see that these are
120 00:21:47,520 --> 00:21:54,840 going to be the two dominant forces that outline all of the best London open sessions until next lesson, I wish you good luck and good trading