ICT YT - 2019-09-16 - High Probability Forex Day Trading.srt

Last modified by Drunk Monkey on 2022-12-22 08:37
1 00:00:00,870 --> 00:00:11,220 ICT: Alright, so we're gonna look at a ICT, New York open day trade. This is a scalp. And this is a typical exercise that we use for one minute charts. But it
2 00:00:11,220 --> 00:00:23,490 also actually can be a trading model. The chart I have here is a one minute chart, it's denoting the New York open kill zone. And this is seven o'clock in
3 00:00:23,490 --> 00:00:32,010 the morning, New York time. And I'm highlighting the bullish order block and the buy side liquidity pool above the marketplace that I'm interested in taking
4 00:00:32,010 --> 00:00:44,010 profits, should I get an entry at the blue shaded area. So I'm watching price in here. And there's two points of reference I'm looking at. And in a moment,
5 00:00:44,010 --> 00:00:53,850 you'll see equal highs form. And I'll annotate that in the charts, you can see what I'm referring to and waiting for a bearish order block to send price down
6 00:00:53,850 --> 00:01:03,780 into that blue, shaded bullish order block. The idea is I'm going to be buying at that blue area, and then selling at the orange area. So I'm forecasting it in
7 00:01:03,780 --> 00:01:13,380 advance. I've annotated the chart at the time of this recording this morning. And I recorded and sped it up into 40 seconds and sent it on my Twitter feeds.
8 00:01:13,380 --> 00:01:20,280 That way you can see all this was already there. This is a little bit slower, as a little bit over an hour or so of actual time recorded.
9 00:01:26,190 --> 00:01:36,960 Okay, you can see the equal highs they're forming now. and annotate the charts you can see there's there's two equal highs, that's I'm waiting for it to run
10 00:01:36,960 --> 00:01:46,890 above that, and trade into the bearish order block, it's annotated here with the yellow box. Now at the time of recording, I didn't have that yellow box or that
11 00:01:46,890 --> 00:01:55,890 shaded area here, because I'm trading the market. I'm printing that here so you can see and follow along with the narrative I had in mind at the time. So it's
12 00:01:55,890 --> 00:02:04,320 going to pop up into that yellow shaded area. Now if this was a larger timeframe, I would sell it that yellow area and then cover the short at the blue
13 00:02:04,320 --> 00:02:15,780 area, but the pips are just too small. The larger move I'm anticipating is that blue area up to the orange area. Okay, so now I'm just waiting for price to drop
14 00:02:15,780 --> 00:02:29,280 lower, we hit a bearish order blocks and we're going to look for the relative equal lows to be violated. And we get that on this candle here. All right, now
15 00:02:29,280 --> 00:02:38,760 we're going to watch it drop in, I'm getting an order ready. So now all I'm doing is watching price, I want to see price drop down into that blue shaded
16 00:02:38,760 --> 00:02:48,120 area. And when it does, I'm going to click the buy. So that we might order goes in immediately at the market, my stock goes in and then my limit also goes in
17 00:02:48,120 --> 00:02:56,340 the same time. So now I'm long and now monitoring price, and I want to see price, go below 2432.
18 00:03:01,740 --> 00:03:09,960 And these are minute candles and you'll see how much time transpires. Now that's it, that's a run. The market should expand on the upside, this is what I'm
19 00:03:09,960 --> 00:03:20,040 thinking at the time. And that's right there a positive I'm going to see that right there. And what I'm saying is should price trade above that short term
20 00:03:20,040 --> 00:03:31,020 high, that's the only time I'll move my stop. It should be some expansion here on the upside, I'm showing the time of the recording real time. So we've run
21 00:03:31,290 --> 00:03:48,870 above that short term high blue above that. I said liquidity pool am going to anticipating another run into that orange shaded area. I'm gonna scale off here
22 00:03:49,560 --> 00:04:02,370 at 12 on 2464. And then I took off another remaining portion I left to one and you'll see me move the trailing stop loss up which eventually gets tagged out
23 00:04:02,370 --> 00:04:10,080 but 80% of the trade was taken out at the highs and there you go.