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Last modified by Drunk Monkey on 2022-12-22 08:36
From version 1.1
edited by Drunk Monkey
on 2020-12-09 06:12
Change comment: There is no comment for this version
To version 2.1
edited by Drunk Monkey
on 2021-06-11 14:11
Change comment: There is no comment for this version

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1 -1
2 -00:00:10,410 ~-~-> 00:00:26,670
3 -ICT: Alright, Munchkins, let's take a look at the cable market. This is pound
4 -dollar. And we're going to store a little optimal trade entry. Well it down to
1 +(% class="hover min" %)
2 +|1 |00:00:10,410 ~-~-> 00:00:26,670 |ICT: Alright, Munchkins, let's take a look at the cable market. This is pound dollar. And we're going to store a little optimal trade entry. Well it down to
3 +|2 |00:00:27,930 ~-~-> 00:00:45,750 |this lowest close, and I'm using the highest up close and here is a swing high. See who the highest 134 35. Next candle is 134 58. And obviously, you can see
4 +|3 |00:00:45,750 ~-~-> 00:00:58,950 |it's a lower high on this candle here. So I'm using that swing high projected down because it's a range optimal trade entry right in here. And we are inside
5 +|4 |00:00:58,950 ~-~-> 00:01:13,170 |of a consolidation also. Okay. So in terms of overbought, oversold, we will need the utilization of an RSI or stochastic or a way as percent are to give us a
6 +|5 |00:01:13,170 ~-~-> 00:01:27,480 |reading of overbought because we're in a range. Okay, we're in the top side of that range. Just for spits and giggles. give you guys a good we're into center,
7 +|6 |00:01:27,480 ~-~-> 00:01:37,620 |we haven't used his in a while. There you go for overbought. And there you go. But we didn't need to have this stuff down here to see that we're inside of a
8 +|7 |00:01:37,620 ~-~-> 00:01:49,980 |range and we're on the top side of it. So again, indicators, not necessary. Okay, so now we have some projections down here. share them with you now. In
9 +|8 |00:01:49,980 ~-~-> 00:02:11,640 |case we get some big movement overnight and going into non farm payroll 830. Tomorrow, New York time. Okay, so we have 129 69 and 128 41. There's our two
10 +|9 |00:02:11,730 ~-~-> 00:02:26,550 |objectives. And should we get really insane. On the downside, we have 120 703. Okay, suspect that's going to be the case tomorrow, but we certainly could see
11 +|10 |00:02:26,550 ~-~-> 00:02:39,360 |target one, and maybe make its way down the 2841, maybe we'll see depends on how much of a rally we get in the dollar index. Alright, so with this on our charts,
12 +|11 |00:02:39,690 ~-~-> 00:02:50,280 |also want to bring your attention to we have these, we have these Kwazii railroad tracks in here. And price was able to come back up trade above that.
13 +|12 |00:02:53,220 ~-~-> 00:03:01,140 |Okay, so we have a turtle soup scenario, just false breakout. So we're gonna have this level on our charts, and we're to drop down into a lower timeframe.
14 +|13 |00:03:02,070 ~-~-> 00:03:14,790 |Okay, so we can see our cable on an hourly basis, we had traded above that old high here, and then broke down right in here. This is a market structure break
15 +|14 |00:03:14,790 ~-~-> 00:03:24,480 |right there. Okay, so when we dipped below it, any future rally should be viewed as a suspect rally, that means it's probably really going to be distribution.
16 +|15 |00:03:24,990 ~-~-> 00:03:33,000 |And the market will probably roll over and go lower. Now, because of the interest rate announcement that was due out this morning in New York time for
17 +|16 |00:03:33,000 ~-~-> 00:03:42,510 |cable or British pound, I was a little reluctant in trading in here, I wanted to see it proved to me that it will go lower. And I'll show you what that looks
18 +|17 |00:03:42,510 ~-~-> 00:03:51,570 |like if we go down into a case. And we see on our 15 minute timeframe. Again, the same market structure break here went lower, and then we rallied up and put
19 +|18 |00:03:51,570 ~-~-> 00:04:00,720 |the data buyers as you can see, probably fluffed it up right from the beginning of Asia. Right on in, and then we went slightly consolidated, and then we broke
20 +|19 |00:04:00,720 ~-~-> 00:04:14,370 |down this high in this low is what I used for my optimal trade entry. And you guys saw that on my phone, I sat up all night long. basically ran my battery
21 +|20 |00:04:14,370 ~-~-> 00:04:20,820 |down and drove my wife nuts. He was like, Look, if you're gonna be looking at that thing, can you get out of the bed? And I was like, No, I can't do it. I
22 +|21 |00:04:20,820 ~-~-> 00:04:29,280 |just can't do it. I got to be comfortable. So I kind of tortured her last night. I'm probably gonna pay the price for it. But nonetheless, this is what I was
23 +|22 |00:04:29,280 ~-~-> 00:04:40,590 |looking at. This is the optimal trade entry range that I was looking at from a 15 minute standpoint. And I knew I had the likelihood of it trading back up here
24 +|23 |00:04:41,040 ~-~-> 00:04:52,470 |would most likely send it lower. Not this one here. This was a post my exit I I told you on Twitter that probably see a retracement in the New York session, it
25 +|24 |00:04:52,470 ~-~-> 00:05:03,960 |would probably run my stop that I had 30 to 35 and it clearly would have ran out easily and I would have Close to the remaining portion of one standard lie ahead
26 +|25 |00:05:03,960 ~-~-> 00:05:08,940 |onto four off at 20 3020. So
27 +|26 |00:05:09,689 ~-~-> 00:05:17,939 |let's dip down into a little bit smaller time frame, we're going to look at the five minute chart. Because here's the five minute we'll zoom in a little bit.
28 +|27 |00:05:20,069 ~-~-> 00:05:31,409 |Okay, and this was the range off of the 15 minute timeframe. And all I did was dial in a little bit deeper. The highest body and the lowest body here. And that
29 +|28 |00:05:31,409 ~-~-> 00:05:41,999 |gets us right into here. And as price traded right up into that off my iPhone, I traded short rate there. Now, it was slightly outside of the kill zone for
30 +|29 |00:05:41,999 ~-~-> 00:05:57,089 |London. But my rationale was that we would probably see it tank and I wanted to see it run out the high. Not yesterday, but the day before. That low right here.
31 +|30 |00:05:57,089 ~-~-> 00:06:09,569 |So I'm just gonna take this and copy it and just drag it on down here. And we'll skedaddle right back over to where we were. And right before this business was
32 +|31 |00:06:09,569 ~-~-> 00:06:23,759 |taking place. Okay, I wanted to be out at 3215. If this was my target, okay, 131 93 was this level here from two days ago that low? I want to be getting out
33 +|32 |00:06:23,789 ~-~-> 00:06:32,789 |ahead of that. I don't want to be sitting in something that like, well, you saw a perfect example today. You didn't know the target I was really looking for was
34 +|33 |00:06:32,819 ~-~-> 00:06:43,259 |two days ago is low. But that's exactly what I was looking for. But even with that, and trying to get out earlier 3215 it was flirting around with me here.
35 +|34 |00:06:43,439 ~-~-> 00:06:53,609 |And I didn't want to hold on to it because of the bank rate announcement. And it ended up tanking one more leg lower, it would have filled me on my my limit. But
36 +|35 |00:06:53,609 ~-~-> 00:07:08,129 |it never would have got to my initial objective before having really deep retracement all the way up to here and then spiking down. So I mean I in my
37 +|36 |00:07:08,129 ~-~-> 00:07:21,959 |opinion, I managed it appropriately. But those were the mechanics behind it. And it's hard to get a good picture of it without that big candle screwing it all
38 +|37 |00:07:21,959 ~-~-> 00:07:33,719 |up. In here. Yeah, so that's the range I worked within as price was trading up. And that's where I wanted to get it right from the open on this candle. Here it
39 +|38 |00:07:33,719 ~-~-> 00:07:48,479 |opened that 30 to 60. And small little spike up one PIP and caught it and it just slid on down. So that was the the move for cable. I actually shared on
40 +|39 |00:07:48,479 ~-~-> 00:08:05,699 |Twitter, a level down here of 130 37 and we only got down a low of 3045. So I was off there but direction was right and I was able to peel something off, you
41 +|40 |00:08:05,699 ~-~-> 00:08:13,559 |know in a positive mood. Didn't get the high didn't get the low but I got a I got a little piece of the pie. I didn't get all this movement here. But that's
42 +|41 |00:08:13,559 ~-~-> 00:08:20,729 |expected for a bank rate. Try not to be in front of that too much. That's going to be it folks. Hopefully you found this one insightful. Until next time wish
43 +|42 |00:08:20,729 ~-~-> 00:08:21,629 |good luck and good trade.
5 5  
6 -2
7 -00:00:27,930 ~-~-> 00:00:45,750
8 -this lowest close, and I'm using the highest up close and here is a swing high.
9 -See who the highest 134 35. Next candle is 134 58. And obviously, you can see
10 -
11 -3
12 -00:00:45,750 ~-~-> 00:00:58,950
13 -it's a lower high on this candle here. So I'm using that swing high projected
14 -down because it's a range optimal trade entry right in here. And we are inside
15 -
16 -4
17 -00:00:58,950 ~-~-> 00:01:13,170
18 -of a consolidation also. Okay. So in terms of overbought, oversold, we will need
19 -the utilization of an RSI or stochastic or a way as percent are to give us a
20 -
21 -5
22 -00:01:13,170 ~-~-> 00:01:27,480
23 -reading of overbought because we're in a range. Okay, we're in the top side of
24 -that range. Just for spits and giggles. give you guys a good we're into center,
25 -
26 -6
27 -00:01:27,480 ~-~-> 00:01:37,620
28 -we haven't used his in a while. There you go for overbought. And there you go.
29 -But we didn't need to have this stuff down here to see that we're inside of a
30 -
31 -7
32 -00:01:37,620 ~-~-> 00:01:49,980
33 -range and we're on the top side of it. So again, indicators, not necessary.
34 -Okay, so now we have some projections down here. share them with you now. In
35 -
36 -8
37 -00:01:49,980 ~-~-> 00:02:11,640
38 -case we get some big movement overnight and going into non farm payroll 830.
39 -Tomorrow, New York time. Okay, so we have 129 69 and 128 41. There's our two
40 -
41 -9
42 -00:02:11,730 ~-~-> 00:02:26,550
43 -objectives. And should we get really insane. On the downside, we have 120 703.
44 -Okay, suspect that's going to be the case tomorrow, but we certainly could see
45 -
46 -10
47 -00:02:26,550 ~-~-> 00:02:39,360
48 -target one, and maybe make its way down the 2841, maybe we'll see depends on how
49 -much of a rally we get in the dollar index. Alright, so with this on our charts,
50 -
51 -11
52 -00:02:39,690 ~-~-> 00:02:50,280
53 -also want to bring your attention to we have these, we have these Kwazii
54 -railroad tracks in here. And price was able to come back up trade above that.
55 -
56 -12
57 -00:02:53,220 ~-~-> 00:03:01,140
58 -Okay, so we have a turtle soup scenario, just false breakout. So we're gonna
59 -have this level on our charts, and we're to drop down into a lower timeframe.
60 -
61 -13
62 -00:03:02,070 ~-~-> 00:03:14,790
63 -Okay, so we can see our cable on an hourly basis, we had traded above that old
64 -high here, and then broke down right in here. This is a market structure break
65 -
66 -14
67 -00:03:14,790 ~-~-> 00:03:24,480
68 -right there. Okay, so when we dipped below it, any future rally should be viewed
69 -as a suspect rally, that means it's probably really going to be distribution.
70 -
71 -15
72 -00:03:24,990 ~-~-> 00:03:33,000
73 -And the market will probably roll over and go lower. Now, because of the
74 -interest rate announcement that was due out this morning in New York time for
75 -
76 -16
77 -00:03:33,000 ~-~-> 00:03:42,510
78 -cable or British pound, I was a little reluctant in trading in here, I wanted to
79 -see it proved to me that it will go lower. And I'll show you what that looks
80 -
81 -17
82 -00:03:42,510 ~-~-> 00:03:51,570
83 -like if we go down into a case. And we see on our 15 minute timeframe. Again,
84 -the same market structure break here went lower, and then we rallied up and put
85 -
86 -18
87 -00:03:51,570 ~-~-> 00:04:00,720
88 -the data buyers as you can see, probably fluffed it up right from the beginning
89 -of Asia. Right on in, and then we went slightly consolidated, and then we broke
90 -
91 -19
92 -00:04:00,720 ~-~-> 00:04:14,370
93 -down this high in this low is what I used for my optimal trade entry. And you
94 -guys saw that on my phone, I sat up all night long. basically ran my battery
95 -
96 -20
97 -00:04:14,370 ~-~-> 00:04:20,820
98 -down and drove my wife nuts. He was like, Look, if you're gonna be looking at
99 -that thing, can you get out of the bed? And I was like, No, I can't do it. I
100 -
101 -21
102 -00:04:20,820 ~-~-> 00:04:29,280
103 -just can't do it. I got to be comfortable. So I kind of tortured her last night.
104 -I'm probably gonna pay the price for it. But nonetheless, this is what I was
105 -
106 -22
107 -00:04:29,280 ~-~-> 00:04:40,590
108 -looking at. This is the optimal trade entry range that I was looking at from a
109 -15 minute standpoint. And I knew I had the likelihood of it trading back up here
110 -
111 -23
112 -00:04:41,040 ~-~-> 00:04:52,470
113 -would most likely send it lower. Not this one here. This was a post my exit I I
114 -told you on Twitter that probably see a retracement in the New York session, it
115 -
116 -24
117 -00:04:52,470 ~-~-> 00:05:03,960
118 -would probably run my stop that I had 30 to 35 and it clearly would have ran out
119 -easily and I would have Close to the remaining portion of one standard lie ahead
120 -
121 -25
122 -00:05:03,960 ~-~-> 00:05:08,940
123 -onto four off at 20 3020. So
124 -
125 -26
126 -00:05:09,689 ~-~-> 00:05:17,939
127 -let's dip down into a little bit smaller time frame, we're going to look at the
128 -five minute chart. Because here's the five minute we'll zoom in a little bit.
129 -
130 -27
131 -00:05:20,069 ~-~-> 00:05:31,409
132 -Okay, and this was the range off of the 15 minute timeframe. And all I did was
133 -dial in a little bit deeper. The highest body and the lowest body here. And that
134 -
135 -28
136 -00:05:31,409 ~-~-> 00:05:41,999
137 -gets us right into here. And as price traded right up into that off my iPhone, I
138 -traded short rate there. Now, it was slightly outside of the kill zone for
139 -
140 -29
141 -00:05:41,999 ~-~-> 00:05:57,089
142 -London. But my rationale was that we would probably see it tank and I wanted to
143 -see it run out the high. Not yesterday, but the day before. That low right here.
144 -
145 -30
146 -00:05:57,089 ~-~-> 00:06:09,569
147 -So I'm just gonna take this and copy it and just drag it on down here. And we'll
148 -skedaddle right back over to where we were. And right before this business was
149 -
150 -31
151 -00:06:09,569 ~-~-> 00:06:23,759
152 -taking place. Okay, I wanted to be out at 3215. If this was my target, okay,
153 -131 93 was this level here from two days ago that low? I want to be getting out
154 -
155 -32
156 -00:06:23,789 ~-~-> 00:06:32,789
157 -ahead of that. I don't want to be sitting in something that like, well, you saw
158 -a perfect example today. You didn't know the target I was really looking for was
159 -
160 -33
161 -00:06:32,819 ~-~-> 00:06:43,259
162 -two days ago is low. But that's exactly what I was looking for. But even with
163 -that, and trying to get out earlier 3215 it was flirting around with me here.
164 -
165 -34
166 -00:06:43,439 ~-~-> 00:06:53,609
167 -And I didn't want to hold on to it because of the bank rate announcement. And it
168 -ended up tanking one more leg lower, it would have filled me on my my limit. But
169 -
170 -35
171 -00:06:53,609 ~-~-> 00:07:08,129
172 -it never would have got to my initial objective before having really deep
173 -retracement all the way up to here and then spiking down. So I mean I in my
174 -
175 -36
176 -00:07:08,129 ~-~-> 00:07:21,959
177 -opinion, I managed it appropriately. But those were the mechanics behind it. And
178 -it's hard to get a good picture of it without that big candle screwing it all
179 -
180 -37
181 -00:07:21,959 ~-~-> 00:07:33,719
182 -up. In here. Yeah, so that's the range I worked within as price was trading up.
183 -And that's where I wanted to get it right from the open on this candle. Here it
184 -
185 -38
186 -00:07:33,719 ~-~-> 00:07:48,479
187 -opened that 30 to 60. And small little spike up one PIP and caught it and it
188 -just slid on down. So that was the the move for cable. I actually shared on
189 -
190 -39
191 -00:07:48,479 ~-~-> 00:08:05,699
192 -Twitter, a level down here of 130 37 and we only got down a low of 3045. So I
193 -was off there but direction was right and I was able to peel something off, you
194 -
195 -40
196 -00:08:05,699 ~-~-> 00:08:13,559
197 -know in a positive mood. Didn't get the high didn't get the low but I got a I
198 -got a little piece of the pie. I didn't get all this movement here. But that's
199 -
200 -41
201 -00:08:13,559 ~-~-> 00:08:20,729
202 -expected for a bank rate. Try not to be in front of that too much. That's going
203 -to be it folks. Hopefully you found this one insightful. Until next time wish
204 -
205 -42
206 -00:08:20,729 ~-~-> 00:08:21,629
207 -good luck and good trade.