ICT YT - 2018-01-13 - ICT January 13 2018.srt

Version 1.1 by Drunk Monkey on 2020-12-09 06:16

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ICT: Good evening, folks, it's a Saturday 1pm New York time in January 13 2018,
did a couple tweets yesterday on the 12th of January. And this is the one I did

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for the cable, and asked what everyone would see in this image. And I did one
for the Euro, as well. Okay. And I put a couple things in here to try to draw

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your attention to it. But I wanted to see what else everyone else would have,
from their independent perspective without me drawing any special attention to

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anything. And that's kind of like what I want to go over now. So I'm going to go
over to daily FX Archer, welcome to cable, Bridgetown, USD, this is a weekly

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chart. And I want to again, draw attention to the order block in here. Right in
here is the order block. And we're going to change this to I will use this area

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here to be shaded in blue. So I'm going to drop into an hourly chart. Okay, so
we have our hourly chart, 60 minute timeframe. And we can see how price dipped

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into that weekly order block. Okay, now, it's not necessarily that all this area
be concerned with, I'm just drawing a contrast to what other things going to be

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highlighting on the chart. One of the lineage specific range of date. Okay, I'm
starting here, that's the beginning of January trading is the beginning of the

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year. And I'm going to delineate another date reference point. That's here.
Okay. We don't see anything over here until there, there's our destination and

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time. So we have a range in time. Now we're going to have

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a reference point in terms of price, or a range, if you will. Okay, and make
this solid. And we'll thicken up a little bit. clone that and then we're going

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to drop it right on the low here. Like that. Okay, so now we have a range. Okay,
I want you to think about this range, just like I teach as it relates to the

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Asian range. Okay, what we're doing is we're actually bracketing and defining
the initial week of the year and the first week of trading in January, okay, so

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this is the ICT power three applied to a monthly chart and weekly chart and a
new year. So, the importance is that we see how the market is going to seek

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liquidity, but we have to frame the market in such a way where we can anticipate
specific levels or areas or liquidity pools to be rated or probed. So now we

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have buy side liquidity before buy stops resting above these highs here. So it
buy stops above this high here and sell stops resting below this low here. We

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have the same concept. It's applied to a daily range in response to the
accumulation, manipulation and distribution cycle that I teach or the ITT power

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three concept. When we understand this, and we look for elements of runs on
liquidity, we know that resting below this below is going to be cell stops. And

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we also know that the dollar index was bearish at the same time. And we know
that in the shaded area here. There's a weekly bullish order block So there's a

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reason I want to go below this low. It's directly linked to a weekly timeframe
that would be deemed bullish. And I want you to think about it in terms of how

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price when it drops below this low here,

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not picking it up a little bit. Okay, so we have a range price drops down below
this initial week. Okay, so this is not some new weekly strategy, okay. It's,

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it's something I've taught before many times, on YouTube. Now I have taken the
videos down, but there is a army of people that have downloaded everything I've

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ever produced. And they have a better cataloguing organization than I do with my
content. But this is simply something that I taught with higher timeframe

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charts, using a monthly bar, and a weekly bar. And now we have a new year. So
the same thing applies here. But I want you to think about how price seeks these

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liquidity reference points, or as I call them, liquidity pools. So price drops
down here initially, to go into the weekly order block and take out the sell

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stops below the market low and leaving this area of consolidation. Once the sell
stops have been taken, where they're going to aim for, well, if they go to the

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self stops and go down to a weekly bullish order block, they're going down here
to do what accumulate. Okay, so they bought here, smart money did, they bought

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more, now they're gonna manipulate. So now they're accumulating, Long's
accumulating Long's, and then they manipulate those individuals that are already

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long out of their positions. By running the stops, their cell stops have been
taken for anyone that's already long, their manipulation on price takes those

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long holders out. By tripping, their cell stops, their cell stops to become
market orders to flood the market, there's buying liquidity counterparties right

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there. So smart money can buy more at a cheaper price than they did here. And
here, there isn't going to be a large degree of volume here, because it's only

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gonna be relative to the stops. So smart money sets the range by buying low,
buying low, and then they wait while they do it again here. But right below

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here, they just unseat, okay, or manipulate those individuals that are already
long out. to knock them off. they accumulate their position by buying, they're

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willing sale of their long positions based on their cell stop. So long holders
have their cell stops hit, and the person or counterparties to those cell stops

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being taken, or going to be smart money, they will buy their stops as it drops
down here. And that's why we see this large degree of volatility on the upside.

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Because now because they have entered long here, where's a really logical area
to get out? Well, you want to find someone that wants to be buying from you at a

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higher price. But see, that's the problem. We're trained in the books to buy
low, sell high. So if we're trying to buy low and sell high, how can how can

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someone? How can we find someone that wants to buy it from us, when we bought it
low? How can they want to buy it higher, you have to find liquidity pools in the

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form of buy stops. So when the price trades above this level here,

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when this occurs, right there, these buy stocks become market orders to buy at
the market. Exactly what the long holders want to have here. They want someone

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that's willing to buy at a higher price, because now they want to take their
profits. Not all of them but the Long's that they accumulate here. They're going

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to sell some portion of it to willing buyers at a higher price. And as price
starts to expand higher breakout artists, price chasers, they start buying it

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too. And that's when all this range here. We're seeing liquidation of
participants that bought down here, bought here, here and here. So we're seeing

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the power three. The opening price is the opening on this candle here which is
134 99. And we see power three formation here where it's small little portion on

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the range drops down below the opening price, creating the low of the month, the
low of the week and so far below the year. Now I'm not stating this is going to

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be the oil of the year and like that, but this is how we look for liquidity
runs. If this is all we see in terms of a price move up to 137 40 Is this not a

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significant enough range to be profitable for your study in a demo account,
obviously, who wouldn't be up to you who would be upset about that. But I want

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you to view how the monthly candle or monthly range, the way you interpret that
is you want to use the first five days of trading. Now, they are not going to be

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always like we just had for January, we look at a calendar can see that it
starts on a Monday, in the five days of the first week of January happens to be

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Monday through Friday, it won't occur like that. Always, sometimes the month is
going to begin on a Wednesday or Tuesday or something like that, you're going to

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use the first five trading days of every month, and you define that like this,
okay, and what that's going to do is offer you the same concept that I taught

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you with the Asian range for power three on a daily candle, you're doing that
with a monthly, okay. So once we have these ideas applied to our chart, we can

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clearly see what the algorithm is going to be reaching for, why it should be
reaching for it, and it provides a great deal of context and detail. And you

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dare I say it, X ray view of what price should do in the future, from a logical
standpoint. And from an order flow standpoint, it's not guessing we know what it

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should be doing, and why it should be doing what it's doing. This is the element
behind the cable chart that I wanted to see if you guys would see. And I you

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know, so let's go and take a look at the euro dollar now. Okay, so we're looking
at the euro dollar, this is a weekly chart. Again, we'll be using the orderbox

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on a weekly basis. Here. Alright, so now we can drop down into our one hour
chart. Okay, so we're gonna do the same thing we just did with the cable, where

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I mark off the beginning of the year, we're gonna get our first week of trading.
delayed, this is going to act as our

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initial range. And we'll add in, I'm going to use horizontal lines now just cut
to the chase. Right here before high and our low. Right there. Okay, so we have

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our initial, low and high first week of trading for January and for the first of
the year. And we can apply these ideas with the weekly range, I'd approach your

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idea using power three. Okay, so what we're looking for, again, is elements of
accumulation, manipulation and distribution. We know that this area down here in

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the shaded blue area is not a demand zone. It's a ICT bullish order block. So we
know what's residing down there. But we have an initial range. We know what's

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resting above the high, it's by stops. And what's resting below the lows, it's
cell stops. So what we're looking for his we have a study on higher timeframe

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looking for a bias, if you will, obviously, we know dollar index was bearish
bullish on foreign currency. We can really be bullish when we get down to the

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weekly order block, you can see the reactions here they dipped into it dipped
into it dipped into it almost got turned to it again, but ultimately took off on

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the heels of ECB. All finding great, wonderful. But I want you to take a look at
the elements that are seen here because you can see all of the things that I

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teach what the Asian range being applied to the power three on a monthly chart.
Again, the opening on the month is on this candle Here comes in at 119 99

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basically 120 big figure and we have consolidation. And if we're bullish we're
gonna be looking for what evidence is that they're buying so they bought here

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rally up, he bought here rallied up. They bought more in here. Price dips down
into the weekly order block, they accumulate more, but more specifically they

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take out these lows. Okay, the lows have been taken out. They reach down to an
area of long term bullishness with a weekly bullish or ba and we can see them

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working that level. Look at the reaction up to this range is is the same type of
thing you would expect to see what the Asian range on a daily chart or a daily

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range rather, price drops back down. And for anyone that has my old tutorials
where I teach the London open, set up where this would be the Asian range and it

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price drops down gets Judas swing, an optimal trade entry failure swing The
Daily range runs up. All we're looking at here is the same thing applied to it

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on a monthly perspective, we have the monthly, first five trading days of the
month. bracket those out, define your range have a bias bullish or bearish and

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then use the same concepts that are otherwise taught in the intraday models. And
you'll see that we're using not a, again, new weekly or refinement of my ICT

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concepts. It's always just this, it's what I've already shared. But you can't
put lipstick on this and call it something else, folks, it's something I've

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taught years ago, people have an inherent video library. And they know it when
they see it. So this is the approach to using power three with a higher

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timeframe perspective, and it delivers just as much precision that you would
expect. And my examples have shown on an intraday capacity. In terms of market

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symmetry, we can see the range that we do like with the Asian range, we do one
standard deviation down, boom, hits it as it overlaps and converges with that

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weekly order block that will be deemed bullish. And once they deviate from the
upside, we can see that the market has thus far with no problem whatsoever, gone

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one standard deviation on the upside, and we'll see if there's any more
continuation next week as we go into new trading. So I wanted to share this with

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you give you one more examples of how we can use not just intraday stuff, but
using the same elements of time and price that I teach and using the ICT power

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three concept, applying it to a monthly perspective and a weekly perspective, we
can see that same thing happening here. Let's take these off.

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Okay, so we have the Mondays range in here. Right here, Mondays range. And if we
apply that same theory, not on the monthly perspective, but on a weekly basis.

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Okay, we have Monday's range here. So here's Monday's trading. And below that we
get the run on Tuesday, taking the liquidity out below that low at a weekly

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bullish order block, as one would expect that we're going to take this range
here, and we're gonna duplicate that. Okay. And again, this is not something

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new, no one can take credit for this stuff. This is stuff that I taught for free
on YouTube.

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Okay, and you can start doing your standard deviations. And you'll see where
price will want to reach for.

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So we're looking at 122 30. What is that? Let's put a horizontal line on there.
So 120 to 38.7. Okay, now remember, I had shared a chart last week with an

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objective of 122 32. And should we hit that level? I've already put it out
there. So it's not like I can say, Well, you know, I thought it was going to go

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here and look like I did in hindsight, it's been out there for several days. So
should we see 120 to 32 traded to now 120 38.7, if that's traded to, you know

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why? Because this is the mechanics behind me the algorithm is seeking these
areas of liquidity. But specifically the 122 32 level, should we hit that level,

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I will then outline how I knew that was likely to hit not guaranteeing it, but
that's what I'm looking for. So between 120 to 30 to 120 to 40 in that area. I

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think it's a reasonable upside objective for next week initially, should we see
continuation and erosion on the dollar index, and obviously that's going to

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compound and see larger upside objectives for euro dollar and cable and lower
objectives on the dollar index. So hopefully you found this video insightful and

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I'll talk to you next time. I wish you good luck and good trading.