ICT YT - 2018-01-24 - ICT January 24 2018.srt

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ICT: Okay, folks, good afternoon, we're taking a look at the Dollar Index, this
is a weekly chart. And I want you to take a look at where we are reaching down

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into, we have another objective below us at 8880. And ultimately, I think we're
gonna probably see at 70, maybe 8750. If we can continue to see this dollar

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weakness, and I'm gonna scroll over here, you can see where I got this
information from. You can see this is a down close candle on a weekly chart is

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it the only down closed candle in the range that's caused from this high, all
the way down to this low here. The next area of concern is this down close

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candle here, which is a bullish order block. And I'm noting basically the open
on this candle comes in at exactly at 936. And I'm delineating at 935. I'm using

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the equilibrium price point as our next objective, which happens to be the ad
level. So add the next downside objective for the dollar index. Let's drop into

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a daily chart and get some perspective on it. So we're gonna do a daily chart.
And we had a breakdown, as we're expecting on the dollar index, we're targeting

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this old low here, price to come back up retested, as I mentioned in one of my
sessions, the dollar index 91 would be a potential retest for another round of

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selling. And we did in fact, get that so we've pierced the opening of that
weekly bullish order block. We're inside the order block now. So come in daily

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capacity, we're just really about 40 pips or so away from that mean threshold on
the bullish order block from the weekly chart. So that will be our next downside

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objectives should things accelerate now we'll be looking for 8787 50. But it may
require some retracements and such. Now, if the dollar has been bearish as we've

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been referring to it, that's going to be complimentary for buy signals in the
foreign currencies, ie the euro dollar. So let's take a look at the Euro net

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case. So we'd see the euros as an hourly chart. I'm using this one because this
is the last chart I shared with you on Twitter. And I'm just highlighting the

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idea that a run below these lows in here. Also optimal trade entry. This would
give us the wrong one, the sell stops. And I made a notation that cell cells

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have been cleared. And now any of the long positions would be viewed. From an
institutional standpoint, smart money now is long. So I put that in tweets. And

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in charts, you guys can see all that on my Twitter. And I had all these levels
here outlined. And I use this as a day trade. Okay, from a swing trade

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standpoint, you could have used this entry here or any of these in here, or as a
short term trader, we add the daily delineations. You can see here we have now

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waiting for Monday, Tuesday or Wednesday, remember has the highest probability
for the weekly range to be formed. From a low standpoint, if we're looking for a

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long, we have Monday and Tuesday in here this week. And now we have an
extrapolated move on the upside. One of the things that I wanted to have you pay

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attention to is I use a lot of the headlines that go into a really strong
directional sentiment, in the words of an analyst or a talking head of some

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kind, you know, in media start basically implying that there has to be an
expectation the market going to go one way or the other. I immediately look to

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fade that and it complements my analysis if I'm already contrarian. So I feel
strongly then I gave a couple examples of that with the euro dollar. You can see

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prices very easily broke above the run on this old high. The idea I wanted to
present to you and I said this is a study for your there was an analyst from one

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of the well known forex websites and they stated that it was a classic textbook
sell scenario, or sell signal for euro dollar. And I went right in there and

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stepped in front of it with the idea that it's a buy and not to you sound
smarter, okay, but I'm just saying that that's usually what happens. You blend a

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little bit of the news elements, but I use news as a sentiment gauge only I
don't. I don't like to go along with news. I like to see things in the chart,

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implying that either bullish or bearish and if I can get a contract an opposing
view from retail analysts, then just makes me feel much stronger in really just

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pushing me over the edge in terms of confidence.

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And that's the reason why I shared this with you guys publicly, because there
was a lot of build up to an expectation that the euro dollar was going to go

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lower, completely oblivious to the fact that the dollar has been careening lower
in a landslide that's going to be bullish for foreign currencies without a

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doubt. And we've seen this as an example here. So several 100 pips was offered
here, for a scenario going long. On the euro dollar, let's go over to the

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British pound. Okay, so we're looking at the British councils and hourly chart
again. And I want you to think about the significance of that 138 65 level. And

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again, that's a weekly level. And I'll show you again, why that's been
referenced here. But it's not being cherry picked for this video, because we

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talked about it in previous commentary and videos as well. But 138 65 happens to
be a weekly low, an old weekly low, we looked for it as an upside objective, it

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traded through it, and then we worked around it. Okay, now notice that the range
in here and look closely, you can see here, I'm measuring the range, the highest

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open or close to lowest open or close in this consolidation, equilibrium price
point is right in here. And you can see that we work below it above it, around

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it in here and finally snapped away. The real telltale sign was that it was a
weekly objective to work for as an outside objective. And then there was orders

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starting to accumulate in here, a lot of folks that wanted to sell short
thinking it was going to be resistance, it was basically used as a point of

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accumulation. And we had an optimal trade entry in here, I won't draw that on
here, you guys can do that with your Fibonacci, use the lowest open or close to

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the highest open, open or close rather, and an overlap of the 138 65 level. And
old higher timeframe key level, we also have a smaller optimal trade entry in

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here, you can use this little small point here. And then we have price move away
targeting in a run through these equal highs. But now it's not going to be a run

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of all these equal highs and then rejection or a complete reversal, because the
market is what predisposed to go higher on the British pound. Why? Because we

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are extremely bearish on the dollar index. So that's going to provide lift,
okay, or ease of rallying for cable. So what you're gonna be looking for is

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reference points in terms of ICT concepts to promote support ideas. Okay, so
let's take a look at a few of them, I want you to take a look at the swing here,

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and swing here. Okay, so if we look at that reference point right there, right
away, your eye should notice and identify it as an optimal trade entry. So we're

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gonna use the lowest open and close here, up to the highest open or close, boom,
perfect optimal trade entry long rallies through comes back. And it gives you an

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optimal trade entry here, open or close, whichever is lowest here, to the
highest open or close on these two reference points. And I'll just move this

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over here. You guys can see that. And we can see that right away. We have again,
another optimal trade entry at 60% retracement level, and an acceleration on the

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upside. So right now we're looking for the next objective is basically
142 88 142 85 in that area based on this recent price swing, if we add the daily

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delineations as well, you can see how we had a Monday by right on that higher
timeframe key level and again, we're looking for bullish prices. So that means

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the weekly expansion is going to be on the upside and onwards to the weekly
range should go up, get the bulk of the body should be bullish. That means we're

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gonna be looking to go long on Monday, Tuesday or by Wednesday's New York open.
So in this scenario, again, classic ICT scenario, weekly range expansion, boom,

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nails activity. Everything in here, okay? It's complemented, also by the fact
that we have a breaker. Okay, so we have this high here, running down to this

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low here. And we have what, we have a swing low back here. Okay, this swing low
is violated here. So what did they do with this high here, they drove price down

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sort of aggressively to take out the stops here. When price rally through it
came back down, cut through some candles because we don't teach supply and

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demand. We're not online trading Academy. We cut through those candles right
over to this right here. So now, this is a real support level because the

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context behind it suggests that they did all the dirty work of running the stops
out to go higher. They're gonna come back down and recapitalize this level for

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buying. And I'll show you what that looks like. I'll take the rectangle here.
We're going to highlight this whole range of the bodies of the two boards.

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candles dried out in time. Right there. There.

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So now we go right down to the middle of that, okay, equilibrium or mean
threshold or the bullish ice breaker gets it accumulation again, on top of an

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ICT optimal trade entry. Boom, really, really strong. And what day of the week
is it occurring? Hello, Tuesday, and we had a really expensive extrapolated move

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on the upside. So what's this blue line here? Okay, this happens to be a bearish
order block. So let's go to a higher timeframe, I'll show you what that looks

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like, and where it came from. Okay, you see, here's the weekly cable chart for
Japan versus US dollar in the last upclose candle right before the Brexit

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eurycoma row, the open on this candle, we're going to be looking at a price of
141 91. That's what that price level is. And as you can see it that's exactly

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what I'm trying to delineate there. For whatever reason it jumped around, but
141 91 was the level. So if we're looking at 141 91, and we're coming up to at

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141 90 would be the level for 142. Big figure. And if we run through that big
finger memory for bullish, it could potentially run 20 pips or 30 pips through

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it. So what's the level 4230 in today's high happens to come in at 4263. So we
went well through well above that. But now we have the middle of the range on

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this bullish candle, which is a bearish order block. And it's probably confusing
for some of you folks that are new. But I cover all this stuff in my tutorials

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and nauseum in the mentorship. So if we go through this level, we can now add
the mean threshold of this bearish order block from the weekly Okay, so we're

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looking for that potential upside 143 80. Okay, so there's the next objective
for continuation on basis of a weaker dollar stronger cable market. And again,

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all based on our bullish weekly, overbought this candle, we're here, what set
the tone, small little range in here, big expansion hits the order block, big,

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big powerful move, folks, this is what makes big, big returns, looking for these
types of setups, it's going to take a lot of patience to wait for these to form.

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But when they do form, it gives you a lot of context, you can actually start day
trading in that same directional premise as well and do very well. So hopefully

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this has been insightful to you guys. I'm gonna break here and wish you all a
very pleasant week. And for those that are entering the mentorship, I can't wait

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to work with you. And until next time, I wish you good luck and good trading.