ICT YT - 2018-12-04 - GbpUsd 1.2665 Run.srt

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ICT: Okay, so we're looking at the British pound. Today's action was pretty
eventful, not surprising. We were looking for this last night on our mentorship.

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But I mentioned on Twitter today that 120 20 had a lot of work on that level.
And if you got to a daily chart and drop a horizontal line, you see what I mean

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by that we had some heavy flows that come around, just above and below this
level. But essentially, it's been the institutional 128 20. Even in here, we've

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had a lot of activity when we drop down to a four hour chart, you'll see a lot
more fun, more obvious. You can see how it's been working this level back and

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forth, back and forth, gravitating back to gravitating back to it. We had a nice
sell off yesterday. And it was a continuation of the theme I gave on Friday last

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week looking for the break on the trend lines, the folks that like to use those
for their their setups and such the move that back up to the 128 20 level then

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rejection we saw come back one more time and then ultimately ramped it one more
time above the short term high here and then ran for the old daily low not only

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went below it a little bit by one or two pips I think we see the old low was on
this feed, it's 126 63. But the low comes in at 22 I'm sorry 2661. So it's only

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two pips below the historical daily high for forex ltds demo account. So if
we're looking at the intraday price action, let's drop down into an hourly

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basis. Okay, so let me see what has transpired today. I hinted at looking at
wolf waves, which I'm not going to teach this concept here because obviously, my

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videos are monetized. So it would be hypocritical of me to put the someone
else's concept which obviously I mentioned in the past, I did an event. If you

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want to learn more about wolf waves, you can go on to Google and do a search on
wolf WLF e wave. Or you can look at the street smarts book, by Linda Raskin,

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Larry Connors from the 90s, mid 90s herself. They introduced that specific
pattern, if you will, and it uses basically, trend lines, okay, now I know, a

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great opponent to diagnose support resistance using trend lines. And quite
certain I'm going to offend some of you that swear by God, that that's the basis

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of why your secret sauce makes you money. But looking at the market as a casino,
I know that the odds are likely that trend lines typically are going to fail

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more than they're going to help you. So many opportunities to draw a trend line.
But when we use proper context, as I hinted at on Twitter this morning, this is

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all before the fact. So we're looking at things that happen after the fact now.
So this is going out to you, Marcus, your your comments about wanting to see me

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do this with candles have it more or less formed yet. You know, I do that just
about every single week on Twitter. So this is one more for you. So

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I'm going to add in the short trend line segments here. And this pattern for
folks that are familiar with classical charting patterns. This is a broadening

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pattern or a megaphone pattern. Okay, imagine the person holding the megaphone
here and talking into this point, and obviously it fans out further. Now it's a

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rather simplistic pattern. You don't see it too many times in price action, but
today, it just jumped off the chart with me. So while we were running up in

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here, I mentioned that we have speaker talking I think it's around four o'clock
in the morning, New York time during the London session. I was talking to

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everyone on Twitter, you can go back and look at it. I stated that it was an
interesting price run ahead of the speaker and we ran right above that. Short

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term high and also right into this area right in here. Now typically retail like
the US trend trend lines underneath lows to support or build a theory that it's

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an uptrend. And they'll put a diagonal trend line sloping down, touching
supposedly reference points that will constitute a downtrend. Now again, without

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beating up the whole theory of trend lines, because I've done that many times in
the past, this is one time I do agree with trend lines, but not for the sake of

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entry, but for the sake of profit taking. So that's the only component about the
wolf way that I like. So if this is something of interest to you, you can look

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at Google and find the author of the concept himself and study it, and maybe
you'll be edified by it. To me personally, back in the 90s, there was a group of

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traders that were following me back then. And they knew about what I called
hidden trend lines. Now, weights weren't talked about back then. It hadn't been

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at least brought to my attention. And it was before the St. Mark's book was
published, I'm not stating that the author didn't have it or conceptualized it

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before making its way into the book street smarts. And the saying that I
personally wasn't exposed to it. At least not prior to street smarts. So, but I

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was looking for things to justify the use of trend lines that would be a against
the usual use of them. And kind of like the pitchfork idea. Okay, Andrews

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Pitchfork. If you look at the concept and look it up on Google, you'll see
there's, there's an element to that, that I used back in the 90s. And I didn't

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use it long as I just basically dropped, it didn't care too much for but how I
grew out of all those things, is I was using pitchforks. And I was using things

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like, well, for instance, if you look at the high here, draw that down to here,
and slice through all this price data, you'll get this response right there and

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keep extending it down, you'll get this. Now it's not so much that it's a entry
tool, but more or less a targeting tool. And I just looked at it and refer to it

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to myself as hidden trend lines, okay, like a hidden support resistance. I was
really enamored by the type two trend following which is basically a reverse

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divergence, if you will, there were one sees that now is something that was
created by George lane wasn't nicknamed nice was the guy that released that to

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the trading community, but George lane because he claims he made the stochastic
indicator as well, which he didn't, the it just follows him. And he just gets a

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lot of credit for something he didn't really achieve. But nonetheless, I was
looking for all these approaches and things and I felt that the wolf wave had

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something to offer. But it just to me, it felt like Elliott Wave, you got to
count this wave count that wave and ABC and all that good grief, you know, I'm,

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I've completely grades Go on, I'm gonna go back all through outlet. So if I
can't see it visually, then I'm not interested. So I left and put down the wolf

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way. But I'll counter you to study this formation in here, because it has a lot
of similarities to it. And that's reason why I prompted everyone on Twitter. And

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I mentioned that

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120 20 before the fact that had a lot of work there. Okay, so your attention
should have been there. And also previous high. So we know that there's a

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potential for without this diagonal trend line here. So I just mentioned this in
passing. Because I mentioned on Twitter, that was the whole basis for me to

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talking about it. But from my standpoint, this right here is the other pattern,
which basically stems from that same book, street smarts. So you kind of get

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like a little bit of an origins, if you will, of some of my favorite patterns.
Now when I say my favorite patterns, I'm not claiming that I created the turtle

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suit. I'm not claiming ownership of it. This thought that it was a pattern that
was profitable, but more than any other pattern I've ever seen. And that's one

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of the patterns I love. It's a stop run. And a stock run could be an exit on an
existing trade or it could be a new entry. So with that said, you can see price

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did in fact run up in here post, the speaker, London session, it created that
whole Carnival like atmosphere where we had this really big run up in here. And

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I'm not going to show you or playback the mentorship video but the folks that
are in the mentorship Go back and listen to that I'm talking about the cable,

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you can see. And here, we're talking about buying the open looking for a run up
and a rejection and then selling off into London close into this level down in

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here. That's exactly what we see here, I'm going to drop down into a 15 minute
time frame. And we'll look at that, from this time perspective, you can see it's

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a lot more animated this way. But we have a nice price run here initially for a
woman run by stops taken one more time sends it up, breaks down, we have a

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market structure break right in here. Okay, and once the structure breaks, we
have more more rally up into what bearish order block this is all free tutorial

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level stuff. So if you look at the low, it's 128 18. So it could take up to
128 20 institutional, but from my personal taste 128 15 would be an ideal entry

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point. The high comes in at 120 18 perfect to the PIP as you would expect with
ICT concepts. And the market trades off precipitously. We have a liquidity pool

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and form of sell stops resting below here, equals or here. So the candling are
here. And we have Candyland right over here. And we have the old low on our

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chart. So if you don't have these reference points, the charts gonna look well.
lackluster, it's not gonna provide any prognostication, or at least give you

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some framework to justify an idea or find a context within the price action. So
when we have these daily levels, and we have critical intro week highs and lows,

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that basis was I was looking for a weaker British Pound been looking forward,
the trade below this low in here. Now I'm not convinced that this is obviously

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the end of it, because it's just too shallow, I would have run to me, I think
this was just a lot of folks taking profits on a logical level on a daily chart.

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And I think it would be advantageous for us to study collectively, as a
community. If there's any willingness to one go back down below that. But the

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idea of trading inside this, I'm gonna drop down to a five minute chart and then
a one minute chart and you'll see why I'm going to chart so we have the 128 20

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level in here. And price creates a run above it collapses, market structure
break, run up again into that bearish order block. Okay, we can sell short

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120 805 want to stop, I don't have to worry about buying up here because it
could it could have ran continuously. But if I put a stop below the market and

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it runs down to my order, then in theory, the work over here is already done.
And I'm also getting in line with the institutional order flow and short term

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momentum. So you can see all of the price runs in here. Go back and look at
Twitter. You can see all of my my exits and such. All of those were capitalizing

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on 20 PIP runs. When I was one that got away from me I think I got only I think
was 19 pips, it may be 18 pips, but it was real close to it was just shy of the

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20 pips. And I got it back with an extra paper to one last piece. But all I was
doing was working inside the context that we had already created.

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The Daily high up here, okay, and I was aiming for a run into London close down
here. Now obviously, if a lot of folks Follow me, and they do their own

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services, and I'm quite certain if I say anything on Twitter, and this is gonna
sound arrogant, but it is what it is. If I post something about a particular

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market, it only takes a second for someone to reword that in their own text or
tweet and post it and it looks like they're a rock star. So I kind of keep

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things vague and my mentorship knows that I, I fancy dance the entries and my
exits for a reason. Not only because I have people wanting to follow me

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verbatim, and also because of the folks that are watching. Okay, so if I use a
particular broker, I don't want to always be good or always be perfect. I want

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to have some muddiness to my entries and exits. Sometimes they might be a little
sloppy, sometimes they may load before the fact and always before the the big

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ideal exit, okay or the perfect entry, fluff it up a little bit sometimes get
into move after it's moved like five pips, and not basically by when it's

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raining. Gold face candle. That's what I teach in theory, but because I'm a firm
believer that brokers will absolutely start manipulating your feels. Okay, they

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can say, Well, you know, do a read, quote, do read, quote, I've experienced that
a lot. And if you've ever done any live trading, you can see how frustrating

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that would be, because it's going to be done at the most opportune times for you
looking for a fill, or an exit, when they're letting price run, because it's

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already showing increased volatility. So these are the two reference points of
us using internally today. And every time we created an opportunity, I want a

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one minute basis. There wasn't an opportunity for me to go short. Now, all I did
was worked inside of ranges between this high here, which I believe was the

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short term, low risk entry, and could see this as a market maker. So model,
okay, consolidation, ran up and sells off. I was anticipating all of the price

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moves in here, that would constitute another run lower on 20 pips. So if I knew
that this was the likely high the day, and this area right in here was a kind of

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a high, probably turning point. And this is where I'm aiming for my target. All
I have to do is work within that range and break it down into 10, or 15, or 20,

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or 30, Pip ranges, and then I can see how I can enter that. And I don't have to
be entering one up close candle, because I'm already in sync with institutional

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order flow. Everything is in line, so I don't really care really, I mean, as
long as I'm getting in, and my stop is going to be reasonable. what's reasonable

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15 pips. So if I'm doing 15 pips to make 20 just to showcase multiple entries
and multiple exits, multiple entries, multiple exits, just to show you how easy

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it is to capture a weekly haul of 25 to 30 pips just once a week, it's all you
got to do, and you build a career with that. Now, obviously, it takes a great

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deal of discipline and patience to get to that level, and only be able to focus
on one specific criteria are set up. But this is just one more evidence as to

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the principles that I teach and free tutorials. That's all I showed you here.
Okay, we were looking at higher timeframe premise. We were looking for a Judas

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swing. This was a little bit of a exaggerated or extended stop, run. But if you
are in my mentorship, go back and listen to it, you'll hear that we're going to

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be studying the open close relationship, buying on the open. It means running up
looking for a rejection, then selling off Allah, Judas swing, and then trading

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lower into London close targeting this level here. You can't get any better than
that script. It's laid out perfectly before the fact and here it is. Now what do

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we do with this going forward? We just basically wait. You sit on your hands
because it's a non farm payroll week. And I teach all my students to try to

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capture your pound of flesh before Wednesday's New York open and then sit on the
sidelines and spectate only don't speculate on Wednesday afternoon, Thursday,

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all day or on non farm payrolls. So hopefully you found this insightful and I'll
talk to you next time. I wish you good luck in the trading